Momentum Movers

• $SOUN down 9% as several AI-related stocks fell sharply from recent highs as momentum slowed in equity markets. 
• $RGTI, $QUBT, $QBTS, and $QMCO down 30%+ as quantum stocks suffered heavy corrections after recent parabolic short squeezes ended. 
• $AI down 10% after Keybanc downgraded the stock and announced a price target of $29. 
• $MSTR down 6% as Bitcoin fell to $97K amid market volatility after recent hawkish Fed comments. 
• $DRI up 14% after the company reported better-than-expected financial results and issued above-estimate guidance. 
• $LW down 20% after reporting worse-than-expected financial results and lowering its FY25 outlook.
• $VRTX down 11% after announcing the results of its Phase 2 study of Suzetrigine. 
• $UAL up 4% as the price of oil trended lower with most commodities today. 
• $CADL up 52% after recently receiving a price target increase from H.C. Wainwright. 
• $SHCO up 47% after receiving a $9 per share acquisition offer from a consortium. 

Sector Performance

Market News 

• US initial jobless claims dipped below forecasts.
• Philly Fed manufacturing data dropped below expectations.  

Upcoming Events 12/20/24 

• PCE/Core PCE Price Index
• Michigan 5-Year Inflation Expectations
• Earnings: $CCL, $WGO