Momentum Movers

• $DJT up 21% in anticipation of the upcoming presidential inauguration. 
• $RGTI down 32% as quantum-related stocks continued to face selling pressures after notable large tech leaders stated that quantum computing is likely many years away from being more useful. 
• $SOUN down 9% despite HC Wainwright reiterating a “Buy” rating on the stock with a $26 price target. 
• $EIX down 11% as the company faced lawsuits and liability damages related to the wildfires in California. 
• $TSLA up 2% after Morgan Stanley raised its price target on the stock to $430. 
• $MRNA down 16% after the company updated its 2025 expected revenue range to $1.5B-$2.5B vs $2.9B estimates. 
• $CVS up 7% along with other healthcare-related stocks after Medicare proposed an increase for 2026 payments. 
• $ITCI up 34% after $JNJ agreed to acquire the company for $132 per share in cash. 
• $X up 6% after a report that Cleveland-Cliffs will partner with Nucor to make a potential bid for the company. 
• $ANF down 15% after issuing mixed Q4 results and guidance. 

Sector Performance 

Market News 

• Wells Fargo stated that insured losses from the LA wildfires could reach $30B. 
• The 10-year treasury note yield reached 4.8% before key economic data Tuesday. 

Upcoming Events 1/14/25 

• PPI / Core PPI
• Earnings: $APLD, $CVGW, $KARO