Bulls Keep Buying The Biggest Winners

Marvell-ous tech earnings, Trump Jr.'s stock market bump, South Korea's chaos, and other noteworthy pops and drops.

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NEWS
Bulls Keep Buying The Biggest Winners

Source: Tenor.com

Mega-cap tech stocks again drove most of the gains while the rest of the sectors struggled. Declining stocks outpaced advancers 2-to-1 on the NYSE, reflecting overall market softness despite the mostly flat session. Still, earnings and other company-specific news continue to drive many big winners and losers. 👀

Today's issue covers what drove today’s biggest winners, two stocks getting the Trump Jr. bump, South Korea’s chaos, and noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 2 of 11 sectors closed green, with communications (+0.81%) leading and utilities (-0.86%) lagging.

And here are the closing prices: 

S&P 500

6,050

+0.05%

Nasdaq

19,481

+0.40%

Russell 2000

2,416

-0.73%

Dow Jones

44,706

-0.17%

Most bullish/bearish symbols on Stocktwits at the close: 📈 $ATIP, $PSQH, $PSTG, $OKTA, $MRVL 📉 $BOX, $FL, $INDI, $DLTR, $BASE*

*If you’re a business and want to access this data via our API, email us.

STOCKS
Winners Keep Winning 🤩 

Buyers continue to turn up the heat on the market’s hottest stocks, with Meta, Palantir, and more fan favorites pushing to new all-time highs. 📈 

A solid example of this in action today was Marvell Technology. The data infrastructure semiconductor solutions provider posted an earnings and revenue beat driven by strong artificial intelligence (AI) demand. Management expects the momentum to continue, forecasting 26% YoY fourth-quarter growth.

Shares rose 8% to new all-time highs on the news, with Stocktwits sentiment pushing into “extremely bullish” territory, signaling investors expect further upside. 👏 

Salesforce is another example, with its revenue beating expectations and fourth-quarter guidance being upbeat. Like Marvell and other tech players, the company pointed to AI as the driver of its strength and optimistic outlook.

Shares rose 10% to new all-time highs, so shout out to the Stocktwits community, who nailed this move in our pre-earnings poll. Stocktwits sentiment is in ‘extremely bullish’ territory after the bell as investors look for more gains ahead.

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