Stocks see little change as year-end rally pauses, Oracle shares fall: Live updates

Despite these slides, all three funds are still higher than where they started the week. This illustrates the strength of Monday’s rally.

– Alex Herring

According to Wolff Research, the Trump trade is already running out of steam.

“Uncertainty should affect the ‘Trump Trade’ in the first half of 2025,” Chris Sinek, the firm’s chief investment strategist, wrote Tuesday. “So we’ll own the Mag 7 in the meantime!”

The Trump trade will have three parts, Snick wrote, with the first part ending shortly after the election. Senek expects the second half of the trade to be expected in the first 100 days of the presidential election period. The third, he said, will come in the second half of 2025, as incoming data shows whether Trump’s policy agenda is positive or negative for economic growth.

For now, as the first part of Trump trade runs its course, Senek said he would stick to the Magnificent Seven that are not in the “crosshairs of policy risk” through the first half of 2025.

– Sarah Mann

Shares of Sirius XM Shares fell more than 8 percent on Tuesday after the radio operator announced the appointment of a new chief operating officer and cost-cutting measures.

The firm said it would target an initial additional $200 million in annual savings as it exits 2025, citing “marketplace headwinds.” The company said it will also shift its marketing and other resources away from “high-cost, high-end audiences in streaming.”

Shares of Alaska Air Group The carrier rose nearly 11 percent in premarket trading on the heels of raising its fourth-quarter earnings forecast and authorizing a $1 billion stock buyback.

The company now expects earnings to come in between 40 cents and 50 cents per share, up from its prior guidance of 20 cents to 40 cents per share. Analysts polled by FactSet were looking for earnings of 49 cents per share for the period.

Alaska Air also announced that it was going to launch. New non-stop flights to Japan and Korea in 2025 As part of a plan to deliver $1 billion in profits by 2027.

The stock has outperformed the broader market this year, jumping more than 38% year to date. Shares have also gained about 36 percent in the past three months.

– Sean Conlon, Leslie Josephs

Morgan Stanley analyst Adam Jonas appears cautiously optimistic about the auto industry heading into 2025.

“US election results boost ‘ICE is Nice’ trade for a while but EV ecosystem continues to find hidden value in 2H “We advise investors to be nimble and selective given the volatility of policy outcomes,” Jonas said on Tuesday. said in a note to customers. “ICE” stands for Internal Combustion Engine, the traditional alternative to electric vehicles.

Morgan Stanley made two changes to its rating of auto stocks: an upgrade; General Motors From underweight to equal weight, and the price target continues to rise. Tesla $310 to $400 per share.

The new price target is only 2.5% above where Tesla closed on Monday, but the stock is still Jonas’ top pick in the industry.

Tesla could be a beneficiary of the new Trump administration if the transition leads to regulatory changes that usher in the future of autonomous driving.

“If the Trump administration wants to clear the way for a federal framework on autonomous vehicles, we believe investors will eventually appreciate that the discussion of AVs is also a discussion of EVs. One of the policy tools At Range, we see tariffs as a lever, Jones said

— Jesse Pound

Here are the stocks that advanced the most in premarket trading:

• Oracle — The database software company fell nearly 7% after posting fiscal second-quarter earnings and revenue Analysts’ estimates fell behind.
• Alaska Air Group – The Seattle-based carrier guided for higher 4Q results and set a $1b buyback, sending the stock 11% higher.
• MongoDB The database platform fell 7% after CFO and COO Michael Gordon resigned on January 31.

Read the full list of stocks being moved Here.

– Lisa Kailai Hahn

Small business sentiment hit its highest level in nearly 3½ years after November’s presidential election, the National Federation of Independent Business reported Tuesday.

gave NFIB Small Business Optimism Index It reached 101.7 for November, an increase of 8 points and the best reading since June 2021. Economists polled by Dow Jones had forecast a reading of 94.8.

“The election results signal a major shift in economic policy, boosting optimism among small business owners,” said Bill Dunkelberg, the group’s chief economist. “Owners are particularly optimistic about tax and regulatory policies that support strong economic growth as well as relief from inflationary pressures. In addition, small business owners are eager to expand their operations.”

Along with the higher reading for the headline index, the share of business owners expecting a better economy ahead jumped 41 points from October to a net 36%, the highest since June 2020.

– Jeff Cox

Fear surrounding the aluminum packaging company the ball There are overshoots, according to Mizuho – which believes investors should buy the recent pullback in shares.

The firm upgraded the stock to outperform from neutral and maintained its $67 price target, which is 16% above where shares closed on Monday.

“Despite recent misplaced concerns about prices and volume, we don’t believe earnings are at risk, or that the fundamentals have changed. We believe the recent pullback in shares represents a good buying opportunity and an attractive entry point. represents,” wrote analyst Adeline Rodriguez. In a note Tuesday.

The company has shut down about 15 percent of its manufacturing capacity to help reduce consumer demand following the pandemic.

“The closure of this capacity puts Ball in a better position for the medium term as demand slowly returns to normal,” Rodriguez said.

– Hakyung Kim

Shares of Nvidia edged lower a day after the chipmaker backed away from China launching an investigation into the company’s possible violation of the country’s anti-monopoly law.

The stock was last down 0.3% in the premarket. On Monday, it fell 2.6% — snapping Nvidia’s longest losing streak since September.

– Fred Umbert

City believes. BroadcomThe company’s fiscal fourth-quarter results came in above expectations ahead of the company’s earnings release on Thursday.

Analyst Christopher Danley raised his price target on the stock to $205 from $175, implying a 14.6% upside from Monday’s close. Danieli also reiterated his buy rating on the stock.

Danielle estimates that Broadcom’s sales could increase by as much as $15 billion, or 7 percent from the previous quarter. He added that the company’s non-AI semiconductor business will likely outperform its consensus results.

Certainly, the current quarterly guidance could be held back by a slowdown in orders from Google, a leading AI customer, Danielle said.

“We expect business to grow from meta throughout C25 and slow,” Danieli wrote in a note Tuesday.

– Hakyung Kim

South Korean markets gained on Tuesday with the country’s blue chip in Asia Kospi Gained 2.43 percent and saw its best day in nearly three months, while the small-cap Kos deck gained 5.52 percent.

It comes as the country is reeling from President Yoon Seok-yul’s declaration of short-lived martial law.

Other Asian markets also climbed, with Japan’s Nikkei 225 up 0.53 percent and mainland China’s CSI 300 up 0.73 percent.

— Lim Hui Ji

European stocks opened lower on Tuesday, as investors reacted to Chinese import and export data. Came below expectations In November

The pan-European STOXX 600 index was down 0.25% shortly after the opening bell, with all major markets trading in negative territory.

Read the latest here.

– Chloe Taylor

Check out some of the companies making headlines in the expansion trade:

• Oracle The computer technology company’s stock fell 5% after Oracle narrowly missed its fiscal second-quarter earnings estimates. The firm reported adjusted earnings of $1.47 per share, while analysts polled by LSEG were looking for $1.48 per share. Oracle’s revenue of $14.1 billion was in line with analysts’ estimates.
• MongoDB – Shares rose more than 9 percent after the database company raised its fourth-quarter forecast. MongoDB now expects adjusted earnings per share in the range of 62 cents to 65 cents, while analysts polled by LSEG were looking for 58 cents per share. The firm also expects revenue of $515 million to $519 million in the current quarter, compared with forecasts of $509 million.
• Vail Resorts – Shares jumped nearly 3 percent after the operator of ski resorts posted a smaller-than-expected loss in the first quarter of the fiscal year. Vale reported an adjusted loss of $4.61 per share on revenue of $260 million. Analysts polled by LSEG were looking for a loss of $5.00 per share and revenue of $253 million.

Read the full list Here.

– Brian Evans

Stock futures were little changed on Monday, after both the S&P 500 and Nasdaq Composite retreated from their respective highs.

S&P 500 futures were down 0.03 percent, while Nasdaq 100 futures were down 0.01 percent. Futures tied to the Dow Jones Industrial Average were hovering near a flat line.

– Brian Evans