The Daily Breakdown: January 2, 2025

by | Jan 2, 2025

Momentum Movers

  • $LAES up 40% on a report that 2025 is expected to be a pivotal year for Sealsq and WiseKey in quantum and post-quantum technologies. 
  • $TSLA down 6% after reporting Q4 production and delivery data that missed expectations. 
  • $AAPL down 2% on reports indicating that the company is discounting iPhone 16 prices in China. 
  • $RGTI up 31% as momentum in quantum computing stocks continued to be strong to start the year. 
  • $SOFI down 8% after Keefe, Bruyette & Woods downgraded the stock. 
  • $CEG up 8% after the company announced it won $1B in combined contracts from the US General Services Administration. 
  • $CVNA down 2% after Hindenburg Research issued a short report on the company titled “Carvana: A Father-Son Accounting Grift For The Ages”.
  • $TSM up 2% as several leading AI-related stocks maintained relative strength despite general market volatility. 
  • $UBER up 4% after Goldman Sachs maintained a “Buy” rating on the company. 
  • $GRRR up 34% after its price target was raised at Alliance Global Partners. 

Sector Performance


Market News 

  • Initial jobless claims data dipped Thursday, beating forecasts and prior numbers. 
  • The US and Japan are set to collaborate on cyberattack research. 

Upcoming Events 1/3/25 

  • ISM Manufacturing PMI
  • Fed Speaker
  • Earnings: N/A

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