Mixed Market Performance, EVgo Soars 19.26%, Tesla Drops 2.81%

Market Watcher11-12
On November 12, 2024, the U.S. stock market opened with mixed performance. The Dow Jones Industrial Average rose by 0.17%, the NASDAQ fell by 0.08%, and the S&P 500 increased by 0.04%.

In sector performance, U.S. charging station stocks saw significant gains, with EVgo Inc surging 19.26%. Meanwhile, U.S. e-commerce stocks experienced notable declines, with Alibaba Group down 2.95%, JD.com down 2.95%, and Pinduoduo Inc down 2.95%. The U.S. solar energy sector also faced a downturn, with Daqo New Energy Corp falling 1.41%, SunPower Corp down 1.41%, and JinkoSolar Holding Co., Ltd. down 1.41%.

NVIDIA Corp saw a 1.20% increase after Mizuho maintained its rating at Outperform and raised the price target from $140.00 to $165.00 per share. Redburn Atlantic also announced a price target of $178.00 per share, indicating a positive outlook for the company's stock.

Apple rose by 0.22% despite the European Union demanding the company to stop geo-blocking multiple services, including the App Store, music, and books. Apple received a warning from the EU and may face fines and enforcement actions if the issue is not resolved.

Meta Platforms Inc. increased by 1.09%.

Tesla Motors dropped by 2.81%. The stock had previously seen a four-day rally, gaining 39%, with positive outlooks from Morgan Stanley for the upcoming year.

Shopify Inc. surged by 20.99% after reporting a 26% year-over-year increase in third-quarter revenue, reaching $2.16 billion. The company's president, Harley Finkelstein, highlighted Shopify's strong position in the market, and CFO Jeff Hoffmeister emphasized the sixth consecutive quarter of over 25% revenue growth. Analysts have mixed opinions on the company's future growth potential.

Wal-Mart rose by 0.72% after Morgan Stanley maintained an overweight rating and raised the price target from $82.00 to $89.00 per share.

Bank of America increased by 0.58% following several analyst ratings from Bank of America Securities, ranging from Hold to Buy for various companies.

Walt Disney saw a slight decline of 0.17% despite Evercore ISI Group maintaining an Outperform rating and raising the price target from $105.00 to $128.00 per share.

Lockheed Martin increased by 1.03%.

Sea Ltd surged by 12.87% after reporting strong third-quarter financial results, driven by significant growth in its e-commerce, entertainment, and financial services businesses.

Coinbase Global Inc. fell by 4.74% after Bank of America Securities reiterated a Hold rating.

Trip.com Group Limited dropped by 3.89% despite receiving a positive analyst rating of 'Outperform' from Mizuho, which also raised the price target from $65.00 to $78.00 per share.

Baidu Inc. fell by 2.62% after Mizuho maintained its outperform rating but cut the price target from $130.00 to $115.00 per share. Baidu announced new AI technologies at the World 2024 Conference, including the iRAG technology and AI glasses, highlighting significant advancements in AI applications.

NIO Inc. declined by 4.05%.

MicroStrategy Inc. dropped by 3.24%.

Novavax Inc. fell by 8.99% after reporting a narrower-than-expected third-quarter loss and better-than-expected revenue but cutting its full-year guidance.

Bright Scholar Education Holdings Ltd rose by 3.16%.

ProShares Ultra Bloomberg Crude Oil increased by 1.76%.

Cronos Group Inc. surged by 10.41%.

Maxeon Solar Technologies Ltd rose by 8.80%.

Phunware Inc. fell by 5.71% after being downgraded from Buy to Neutral by HC Wainwright & Co.

Canoo Inc. increased by 6.17%.

Brüush Oral Care Inc. rose by 14.67%.

Norwegian Cruise Line fell by 1.58% despite Morgan Stanley raising its price target from $19.00 to $26.00 per share and Tigress Financial raising its price target from $32.00 to $36.00 per share.

Workhorse Group Inc. surged by 17.23%.

Tarena International Inc. rose by 13.00%.

Grab Holdings increased by 7.19% after reporting strong third-quarter financial results, surpassing analyst expectations.

GraniteShares 2x Long NVDA Daily ETF rose by 2.33%.

Direxion Daily Semiconductors Bear 3x Shares increased by 1.06%.

Global-E Online Ltd. rose by 3.07%.

Lordstown Motors Corp. increased by 2.33%.

Direxion Daily FTSE China Bear 3X Shares rose by 8.70%.

SPDR S&P 500 ETF Trust increased by 0.01%.

S&P 500 rose by 0.06%.

Cboe Volatility Index increased by 1.27%.

NANO Nuclear Energy Inc rose by 3.70%.

SIMPPLE Ltd. increased by 0.93%.

NuScale Power rose by 3.15%.

Estee Lauder fell by 1.84%.

FOXO Technologies surged by 62.55%.

Tradr 2X Short TSLA Daily ETF rose by 5.75%.

Overstock.com increased by 5.47%.

MercadoLibre Inc. rose by 1.09%.

Fortinet Inc. increased by 0.27%.

Meta Platforms Inc. rose by 1.09%.

Bilibili Inc. fell by 5.29% despite receiving positive ratings and a price target upgrade from Mizuho, which raised the price target from $17.00 to $21.00 per share.

Tiger Brokers fell by 5.88% after reporting record revenue of $101 million for the third quarter, marking a three-year peak in profit.

Destiny Tech100 Inc fell by 18.56%.

NVIDIA Corp rose by 1.20%.

Apple Inc. increased by 0.22%.

Tesla Motors fell by 2.81%.

Coinbase Global Inc. fell by 4.74%.

Sea Ltd surged by 12.87%.

MicroStrategy Inc. fell by 3.24%.

Baidu Inc. fell by 2.62%.

Trip.com Group Limited fell by 3.89%.

Novavax Inc. fell by 8.99%.

Bright Scholar Education Holdings Ltd rose by 3.16%.

ProShares Ultra Bloomberg Crude Oil increased by 1.76%.

Cronos Group Inc. surged by 10.41%.

Maxeon Solar Technologies Ltd rose by 8.80%.

Phunware Inc. fell by 5.71%.

Canoo Inc. increased by 6.17%.

Brüush Oral Care Inc. rose by 14.67%.

Norwegian Cruise Line fell by 1.58%.

Workhorse Group Inc. surged by 17.23%.

Tarena International Inc. rose by 13.00%.

Grab Holdings increased by 7.19%.

GraniteShares 2x Long NVDA Daily ETF rose by 2.33%.

Direxion Daily Semiconductors Bear 3x Shares increased by 1.06%.

Global-E Online Ltd. rose by 3.07%.

Lordstown Motors Corp. increased by 2.33%.

Direxion Daily FTSE China Bear 3X Shares rose by 8.70%.

SPDR S&P 500 ETF Trust increased by 0.01%.

S&P 500 rose by 0.06%.

Cboe Volatility Index increased by 1.27%.

NANO Nuclear Energy Inc rose by 3.70%.

SIMPPLE Ltd. increased by 0.93%.

NuScale Power rose by 3.15%.

Estee Lauder fell by 1.84%.

FOXO Technologies surged by 62.55%.

Tradr 2X Short TSLA Daily ETF rose by 5.75%.

Overstock.com increased by 5.47%.

MercadoLibre Inc. rose by 1.09%.

Fortinet Inc. increased by 0.27%.

Meta Platforms Inc. rose by 1.09%.

Bilibili Inc. fell by 5.29%.

Tiger Brokers fell by 5.88%.

Destiny Tech100 Inc fell by 18.56%.

NVIDIA Corp rose by 1.20%.

Apple Inc. increased by 0.22%.

Tesla Motors fell by 2.81%.

Coinbase Global Inc. fell by 4.74%.

Sea Ltd surged by 12.87%.

MicroStrategy Inc. fell by 3.24%.

Baidu Inc. fell by 2.62%.

Trip.com Group Limited fell by 3.89%.

Novavax Inc. fell by 8.99%.

Bright Scholar Education Holdings Ltd rose by 3.16%.

ProShares Ultra Bloomberg Crude Oil increased by 1.76%.

Cronos Group Inc. surged by 10.41%.

Maxeon Solar Technologies Ltd rose by 8.80%.

Phunware Inc. fell by 5.71%.

Canoo Inc. increased by 6.17%.

Brüush Oral Care Inc. rose by 14.67%.

Norwegian Cruise Line fell by 1.58%.

Workhorse Group Inc. surged by 17.23%.

Tarena International Inc. rose by 13.00%.

Grab Holdings increased by 7.19%.

GraniteShares 2x Long NVDA Daily ETF rose by 2.33%.

Direxion Daily Semiconductors Bear 3x Shares increased by 1.06%.

Global-E Online Ltd. rose by 3.07%.

Lordstown Motors Corp. increased by 2.33%.

Direxion Daily FTSE China Bear 3X Shares rose by 8.70%.

SPDR S&P 500 ETF Trust increased by 0.01%.

S&P 500 rose by 0.06%.

Cboe Volatility Index increased by 1.27%.

NANO Nuclear Energy Inc rose by 3.70%.

SIMPPLE Ltd. increased by 0.93%.

NuScale Power rose by 3.15%.

Estee Lauder fell by 1.84%.

FOXO Technologies surged by 62.55%.

Tradr 2X Short TSLA Daily ETF rose by 5.75%.

Overstock.com increased by 5.47%.

MercadoLibre Inc. rose by 1.09%.

Fortinet Inc. increased by 0.27%.

Meta Platforms Inc. rose by 1.09%.

Bilibili Inc. fell by 5.29%.

Tiger Brokers fell by 5.88%.

Destiny Tech100 Inc fell by 18.56%.

NVIDIA Corp rose by 1.20%.

Apple Inc. increased by 0.22%.

Tesla Motors fell by 2.81%.

Coinbase Global Inc. fell by 4.74%.

Sea Ltd surged by 12.87%.

MicroStrategy Inc. fell by 3.24%.

Baidu Inc. fell by 2.62%.

Trip.com Group Limited fell by 3.89%.

Novavax Inc. fell by 8.99%.

Bright Scholar Education Holdings Ltd rose by 3.16%.

ProShares Ultra Bloomberg Crude Oil increased by 1.76%.

Cronos Group Inc. surged by 10.41%.

Maxeon Solar Technologies Ltd rose by 8.80%.

Phunware Inc. fell by 5.71%.

Canoo Inc. increased by 6.17%.

Brüush Oral Care Inc. rose by 14.67%.

Norwegian Cruise Line fell by 1.58%.

Workhorse Group Inc. surged by 17.23%.

Tarena International Inc. rose by 13.00%.

Grab Holdings increased by 7.19%.

GraniteShares 2x Long NVDA Daily ETF rose by 2.33%.

Direxion Daily Semiconductors Bear 3x Shares increased by 1.06%.

Global-E Online Ltd. rose by 3.07%.

Lordstown Motors Corp. increased by 2.33%.

Direxion Daily FTSE China Bear 3X Shares rose by 8.70%.

SPDR S&P 500 ETF Trust increased by 0.01%.

S&P 500 rose by 0.06%.

Cboe Volatility Index increased by 1.27%.

NANO Nuclear Energy Inc rose by 3.70%.

SIMPPLE Ltd. increased by 0.93%.

NuScale Power rose by 3.15%.

Estee Lauder fell by 1.84%.

FOXO Technologies surged by 62.55%.

Tradr 2X Short TSLA Daily ETF rose by 5.75%.

Overstock.com increased by 5.47%.

MercadoLibre Inc. rose by 1.09%.

Fortinet Inc. increased by 0.27%.

Meta Platforms Inc. rose by 1.09%.

Bilibili Inc. fell by 5.29%.

Tiger Brokers fell by 5.88%.

Destiny Tech100 Inc fell by 18.56%.

NVIDIA Corp rose by 1.20%.

Apple Inc. increased by 0.22%.

Tesla Motors fell by 2.81%.

Coinbase Global Inc. fell by 4.74%.

Sea Ltd surged by 12.87%.

MicroStrategy Inc. fell by 3.24%.

Baidu Inc. fell by 2.62%.

Trip.com Group Limited fell by 3.89%.

Novavax Inc. fell by 8.99%.

Bright Scholar Education Holdings Ltd rose by 3.16%.

ProShares Ultra Bloomberg Crude Oil increased by 1.76%.

Cronos Group Inc. surged by 10.41%.

Maxeon Solar Technologies Ltd rose by 8.80%.

Phunware Inc. fell by 5.71%.

Canoo Inc. increased by 6.17%.

Brüush Oral Care Inc. rose by 14.67%.

Norwegian Cruise Line fell by 1.58%.

Workhorse Group Inc. surged by 17.23%.

Tarena International Inc. rose by 13.00%.

Grab Holdings increased by 7.19%.

GraniteShares 2x Long NVDA Daily ETF rose by 2.33%.

Direxion Daily Semiconductors Bear 3x Shares increased by 1.06%.

Global-E Online Ltd. rose by 3.07%.

Lordstown Motors Corp. increased by 2.33%.

Direxion Daily FTSE China Bear 3X Shares rose by 8.70%.

SPDR S&P 500 ETF Trust increased by 0.01%.

S&P 500 rose by 0.06%.

Cboe Volatility Index increased by 1.27%.

NANO Nuclear Energy Inc rose by 3.70%.

SIMPPLE Ltd. increased by 0.93%.

NuScale Power rose by 3.15%.

Estee Lauder fell by 1.84%.

FOXO Technologies
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