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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.

Source: Stocktwits.com

And here are the closing prices: 

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. 👏 

Source: Stocktwits.com

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.

Source: Stocktwits.com

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COMPANY NEWS
Donald Trump Jr.’s Magic Touch 😆 

The easiest way to juice your stock these days is to pivot to crypto. Or simply get the Trump bump by involving Donald Trump Jr. in your company.

Unusual Machines was the first stock to do this, with the unmanned aerial vehicle (UAV) manufacturer adding Trump Jr. to its advisory board last week. Trump Jr. emphasized the need to reduce reliance on Chinese import drones, aligning with Unusual Machines’ strategy to revitalize U.S.-based drone component manufacturing. As of last week, he held over 331,000 shares in the company. 💵 

After experiencing a 500%+ rally, shares have recently pulled back as investors assess the underlying business fundamentals.

While that stock takes a breather, the owner of “woke-free” online marketplace PublicSquare jumped sharply on Tuesday. PSQ Holdings confirmed Trump Jr. joined its board of directors, sending shares up over 270% on the day. 📈 

CEO Michael Seifert said, “Don’s passion for creating a ‘cancel-proof’ economy, his years of strategic business experience, and his leadership within the shooting sports industry offer important expertise at the board level,”

PSQH shares’ surge pushed Stocktwits community sentiment into ‘extremely bullish’ territory. Despite the overall bullish view, roughly a third of participants believe that this is a “pump and dump” and prices will come back down. 🤔 

Source: Stocktwits.com

Time will tell which stock gets the next “Trump Jr” pump. But for now these two remain on investors and traders’ radars. 👀 

STOCKS
Other Noteworthy Pops & Drops 📋

Credo Technology Group (+48%): The semiconductor company soared after its second-quarter earnings and guidance topped expectations. The company touted an AI ‘inflection point” as it added new cloud computing customers. The news sparked a double upgrade from Bank of America and positive notes from others. 🤩 

Pure Storage (+20%): The enterprise data storage company’s third-quarter earnings and revenue topped expectations. Management touted a “design win” with a top-four hyperscalee cloud provider for its DirectFlash data storage technology. It did not name the company, but speculation is it’s one of the “Mag 7” companies. 💾 

Okta (+18%): The identity management company’s earnings, revenue, and guidance topped expectations, with its focused investments in its partner ecosystem, the public sector vertical, and large customers materializing. 👍️ 

AT&T (+5%): The telecommunications giant projected earnings growth over the next three years, anticipating more than $40 billion in anticipated shareholder returns. It continues to build out its fiber broadband network and 5G wireless network. 📱 

U.S. Steel (-8%): The U.S. steelmaker fell after Trump cowed to block Japanese steelmaker Nippon Steel Corp. from buying the company, instead pledging tax incentives and tariffs to support domestic steel producers. ❌ 

Spirit Airlines (+45%): The bankrupt discount airline continued its recent rebound on nothing other than hopes that it can find a restructuring solution that doesn’t wipe out common shareholders. 🤷 

Frontier Airlines (-6%): The no-frills carrier is getting into the premium-saving game with its own version of “first-class-style” seats. The company continues to struggle and investors are unsure it can craft a sustainable turnaround plan. ✈️ 

Meta (+4%): Meta’s Mark Zuckerberg reportedly wants an ‘active role’ in shaping Trump’s tech policy. Investors are betting that Meta could experience similar benefits that Tesla has with Musk working closely with the Trump administration. ⚖️ 

ECONOMY
South Korea Shocks The Globe 🤯 

It was a wild day in South Korea, with President Yoon Suk Yeol declaring martial law in an unannounced late-night TV address where he accused the country’s main opposition of sympathizing with North Korea and anti-state activities. 🚨

He cited a motion by the opposition Democratic Party, which has a majority in parliament, to impeach top prosecutors and reject a government budget proposal.

Needless to say, the reaction was quite stark, with many South Korean politicians coming out against the move and global leaders like U.S. President Joe Biden quickly getting in contact and monitoring the situation. ☎️ 

Families rushed to be together before it took effect. Meanwhile, members of South Korea’s parliament appeared to have clashed with authorities as they rushed to block the martial law’s introduction. Parliament successfully declared it illegal, with President Yoon lifting the martial law decree shortly afterward. ◀️ 

South Korean opposition leaders are threatening to begin impeachment proceedings if the president doesn’t step down. As the situation develops, there’s a heavy police presence around the National Assembly building, where lawmakers meet.

The South Korean won fell over 1% relative to the U.S. Dollar, while stocks also fell amid the uncertainty. The country’s overnight chaos will likely weigh on Asian markets until it’s resolved (hopefully in the coming days). 😬 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: ADP Employment (8:15 am ET), Fed Musalem Speech (8:45 am ET), S&P Global Composite PMI (9:45 am ET), ISM Services PMI (10:00 am ET), Factory Orders (10:00 am ET), EIA Energy Inventories (10:30 am ET), Fed Chair Powell Speech (1:45 pm ET), Fed Beige Book (2:00 pm ET). 📊

Pre-Market Earnings: Chewy ($CHWY), Foot Locker ($FL), Dollar Tree ($DLTR), Royal Bank of Canada ($RY), THOR Industries ($THO), Cracker Barrel ($CBRL), Campbell Soup ($CPB), Hormel Foods ($HRL). 🛏️

After-Hour Earnings: SentinelOne ($S), American Eagle ($AEO), Five Below ($FIVE), Synopsys ($SNPS), ChargePoint ($CHPT). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

🏷️ This week, save over 75% on MarketSurge—get 5 weeks of unlimited access for only $39.95*

😡 China hits back at U.S. with export ban on rare minerals

🏈 Washington Commanders hire Mark Clouse as new team president

🤑 Ousted Intel CEO Pat Gelsinger is leaving the company with millions

✂️ America’s biggest private company is laying off thousands of workers

🚫 Data brokers may be banned from selling your social security number

🏦 Banks hit credit card users with higher rates in response to regulation that may never arrive

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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