The Daily Breakdown: December 20, 2024

by | Dec 20, 2024

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Momentum Movers

  • $NVNI up 221% on an apparent short squeeze as recent momentum contributed to high volume on the stock. 
  • $PLTR up 8% as index rebalances spurred demand for the stock despite recent market volatility in the technology sector. 
  • $MSTR up 11% as Bitcoin recovered some of the recent sell-off.
  • $ACHR up 12% after recent news that the company gained a certificate of occupancy for its manufacturing facility.
  • $SOUN up 15% as headlines that the company’s CEO commented on the company’s 882% growth. 
  • $NVO down 17% after the company announced headline results from Redefine 1, a Phase 3 trial in the global Redefine program. 
  • $RGTI up 25%, along with $IONQ and $QUBT as quantum computing-related stocks bounced after a recent sharp sell-off amid market volatility. 
  • $NUKK down 23% as the stock retraced part of its recent sharp run higher. It recently announced a $10M private placement. 
  • $CCL up 6% after reporting better-than-expected financial results. 
  • $NVDA up 3% on no particular news as markets bounced after a recent sell-off following the Fed’s interest rate press conference.

Sector Performance

Market News

  • The $VIX fell sharply after a Fed member commented that inflation is still on track to 2% and that the data released on Friday gave further confidence.
  • Treasury yields dipped after Core PCE, a key Fed inflation measure, cooled.

Upcoming Events 12/23/24

  • Dallas Fed PCE
  • CB Consumer Confidence
  • Earnings: $LMNR, $AVXL

1 Comment

  1. Thanks, Chris!

    Reply

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