Momentum Movers

• $FUBO up 251% after the company announced it will merge with $DIS’s Hulu business. Disney will own 70% of the company. 
• $META up 4% after receiving a price target increase from Wedbush, and the company also announced that Dana White, John Elkann, and Charlie Songhurst will join the board of directors. 
• $SERV up 20% after the company announced that it raised $86M in funding for December and $167M for 2024. 
• $IRBT up 28% as multiple robotics-related stocks surged higher on strong recent momentum, spurred by the anticipation of upcoming CES2025 developments. 
• $NVDA up 3% ahead of Jensen Huang’s CES keynote speech. 
• $MSTR up 11% as $BTC rallied past $101K as the USD dipped off recent highs.
• $MU, $ARM and $SMCI up 10%, 4%, and 9% respectively as AI-related companies rallied in anticipation of CES2025 announcements in the data center and semiconductor sectors. 
• $SGMT up 36% after announcing an oral presentation at the 9th annual MASH-TAG 2025 conference. 
• $NARI up 30% following a Reuters report suggesting Stryker is nearing a deal to acquire the company. It was later confirmed to be a deal for $4.9B. 
• $PLTR down 5% after Morgan Stanley assigned an “Underweight” rating to the stock and also announced a $60 price target. 

Sector Performance

Market News 

• Federal Reserve’s vice chair for supervision, Michael Barr, is set to step down in February. 
• Services PMI data showed a slight improvement but still fell short of forecasts. 

Upcoming Events 1/7/25 

• ISM Non-Manufacturing PMI
• JOLTS Job Openings
• Earnings: $RPM, $AZZ, $APOG, $LNN, $CALM, $AIR, $SLP, $KRUS, $RELL