This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.
Below are top 10 S&P 500 stock gainers for the week ended Sept. 13:
Constellation Energy, Vistra shares lead S&P 500 gainers on nuclear optimism
Constellation Energy and Vistra have been among the best-performing stocks this year, reflecting optimism around the companies' potential to capitalize on the power needs of artificial-intelligence players.
Both stocks are building Friday on what were already strong year-to-date gains after Constellation said it signed a 20-year power-purchase arrangement with Microsoft. Constellation will restart a Third Mile Island nuclear reactor as part of the deal.
CrowdStrike updates at conference mostly positive, Baird says
CrowdStrike (NASDAQ:CRWD) provided several financial updates at its annual cybersecurity event, which were mostly positive, even if there are some near-term visibility challenges, Baird said.
"CrowdStrike remained committed to $10B ARR target at Fal.Con'24, however, near-term visibility challenges, in the wake of July 19th outage, have introduced some near-uncertainty, leading us to dial-down our near-term estimates," analyst Shrenik Kothari wrote in an investor note.
Airbnb CEO says company focused on boosting long-term stays
Vacation rental company Airbnb sees a huge opportunity to grow its long-term rental business as short-term rentals are under growing scrutiny in tourist hot spots like Athens and Barcelona.
The company is focused on growing its long-term rental business, which refers to stays of 28 days or longer, CEO Brian Chesky told an audience at a travel conference late Wednesday. Local governments around the world have clamped down on short-term rentals as they try to increase housing supply for full-time residents.
Intel Gets Lifelines From Amazon, Pentagon
Struggling chipmaker Intel (INTC) announced funding from the U.S. government and an alliance with Amazon.com (AMZN). It will get up to $3 billion in direct funding from the federal government to supply chips for U.S. Defense Department programs. Intel will design and produce custom AI chips for Amazon Web Services. Intel also announced moves to shore up its operations, including establishing an independent subsidiary for its foundry business and pausing plans to build manufacturing plants in Poland and Germany. Plus, it plans to cut its real estate holdings and sell a stake in its Altera business. Intel stock jumped after hitting long-term lows in the prior week.
Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter, in what would be one of the largest and most consequential deals in recent years.