The Daily Breakdown: December 24, 2024

by | Dec 24, 2024

Momentum Movers

  • $TSLA up 7% on news that its supercharger network will open up for Hyundai EV owners in Q1 2025. 
  • $MSTR up 7% as Bitcoin rallied back to $98K.
  • $SMCI up 6% with other AI-related stocks after Musk’s xAI raised $6B from several companies including $NVDA and $AMD.  
  • $ACHR up 15% as drone / eVTOL (electric vehicle take-off and landing) stocks gained momentum. 
  • $LAES up 11% after recently announcing it is advancing the field of post-quantum cryptography. 
  • $NNE up 4% after announcing it agreed to acquire Ultra Safe Nuclear Corp.’s micro modular reactor for $8.5M. 
  • $QUBT down 6% on no specific news, although it is retracing its recent parabolic move. 
  • $IONQ up 7% as some quantum computing-related stocks held their momentum into the holiday week.
  • $POET up 18% associated with high call option volume.
  • $JOBY up 8% as momentum continued after recently announcing it conducted its first FAA testing under TIA. 

Sector Performance 

Market News

  • The stock market will be closed tomorrow, 12/25/24, for the Christmas Holiday. 
  • The $VIX fell 15% as market tensions eased amid an equity rally. 
  • The Biden administration announced new probes on Chinese-made chips, resulting in non-Chinese semiconductor stocks rallying. 

Upcoming Events 12/26/24 

  • Initial / Continuing Jobless Claims
  • 7-Year Note Auction
  • Earnings: N/A

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