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Bulls Advance Cautiously Ahead Of CPI
The Stocktwits Community's top 2025 picks, Cramer's "sell" call in quantum computing, and more from a busy day on Wall Street.
NEWS
Bulls Advance Cautiously Ahead Of CPI
Source: Tenor.com
Softer-than-expected producer price readings helped the bulls battle back and close most indexes in the green. However, buyers remained cautious ahead of CPI’s release, the final inflation reading before the Fed’s January meeting. Several big banks kick off earnings season tomorrow, with the Stocktwits community counting on JPMorgan Chase to set a positive tone for financials and the broader market. 👀
Today's issue covers Jim Cramer and retail battling over quantum stocks, the Stocktwits Community’s top 2025 trade ideas, and more from the day. 📰
Here’s the S&P 500 heatmap. 8 of 11 sectors closed green, with utilities (+1.31%) leading and healthcare (-1.03%) lagging.
Source: Finviz.com
And here are the closing prices:
S&P 500 | 5,843 | +0.11% |
Nasdaq | 19,044 | -0.23% |
Russell 2000 | 2,219 | +1.13% |
Dow Jones | 42,518 | +0.06% |
Most bullish/bearish symbols on Stocktwits at the close: 📈 $TDUP, $TNFA, $ERNA, $FATE, $DRIO 📉 $NNBR, $VKTX, $DG, $KPTI, $ANF*
*If you’re a business and want to access this data via our API, email us.
STOCKS
Battleground Quantum Stocks Catch A Bid 🤖
Skepticism from several big tech CEOs, namely Nvidia’s Jensen Huang and Meta’s Mark Zuckerberg, caused a quantum computing stock bloodbath last week. The industry bounced back today, bringing out a bold call from one of retail’s favorite market prognosticators.
Jim Cramer took to X this afternoon to share his view that today’s rebound, which saw names like Rigetti Computing soar nearly 50%, is “another exit point” for anyone who may have overstayed their welcome in the space. 😱
Very typical quantum bounce giving you another exit point
— Jim Cramer (@jimcramer)
9:40 PM • Jan 14, 2025
A Stocktwits poll covering quantum stocks shows 33% of the over 8,500 respondents agree with Cramer, though 55% foresee today’s move as part of a much larger rebound ahead. 🤯
Source: Stocktwits.com
Time will tell who is right, but it’s clear that earnings season and comments from the industry’s biggest players will continue to move these stocks in a big way!
Meanwhile, tech giants are spending billions on AI, quantum computing, and other technologies…but cutting headcounts to keep expenses in check. Microsoft confirmed it’s doing performance-based job cuts across departments, while Meta made headlines after an internal memo announced 5% cuts as it prepares for an ‘intense year.’ 😬
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