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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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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