The Daily Breakdown: December 31, 2024

by | Dec 31, 2024

Momentum Movers

  • $BDMD up 623% on high volume without a specific catalyst.
  • $RGTI down 10% as broad profit taking in the quantum computing sector could be seen into year-end. 
  • $SOUN down 12% on high volume as multiple mid-cap stocks in the AI sector retraced recent gains. 
  • $MSTR down 4% as $BTC ended the year around $93K. 
  • $MRNA up 5% as several of the worst-performing stocks of the year rallied in anticipation of new money flows in 2025. 
  • $TSLA down 3% on broad tech weakness and news that the company must update the software on 78,000 Model Y vehicles in China. 
  • $LAES down 28% on no particular news, retracing a portion of the stock’s recent gains. 
  • $PLTR down 2% on heavy volume amid profit taking into year-end on several top-performing stocks. 
  • $X up 9% as Nippon proposed a capacity veto for the U.S. Steel deal. 
  • $NVDA down 2% as multiple AI and semiconductor stocks were under pressure into year-end. 

Sector Performance


Market News 

  • The stock market will be closed 1/1/25 for New Year’s Day. 
  • China’s GDP hit 2024 targets.

Upcoming Events 1/2/25 

  • Initial / Continuing Jobless Claims
  • ISM Manufacturing PMI 
  • Earnings: $RGP, $LFCR


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