Major Movers
Published
Pre-market, the SPY is up 0.2%. Technology leads the main sectors at +0.5%, with semiconductor names broadly higher after SK Hynix completed a 40 trillion won buyback, while HP Enterprise, Corning and Micron Technology are among the standouts. Health Care is the weakest main sector at -0.5%, dragged by Intuitive Surgical, down 7.8%. Consumer Staples is also soft at -0.4%, with Walmart and Constellation Brands lagging.
Momentum and growth factors are outperforming, with the iShares MSCI USA Momentum Factor ETF up 0.8% and the S&P 500 Momentum factor up 0.7%, versus flatter readings in Dividend and Min Vol factors.
Within mega-cap growth, semiconductor and chip-equipment names are leading: Lam Research, AMD, Oracle, Applied Materials and Nvidia are all up more than 1%, while Intuitive Surgical and Danaher are the clear laggards.
Among other sector ETFs, the Vanguard Health Care ETF is up 3.4% and semiconductor-tracking funds (Semiconductor ETF, iShares Semiconductor ETF, VanEck Semiconductor ETF) are all up over 1%, while the State Street SPDR S&P Bank ETF is down 5.9%.
Individual movers are dominated by guidance-driven swings in data center and streaming names.
- Super Micro Computer +12.8% - preliminary quarterly sales guidance well above expectations
- SpaceX +9.4% - Q3 revenue and profit beat estimates
- Credo Technology Group +6.4%
- EchoStar +5.4%
- Dell Technologies +4.7%
- Netflix -6.3% - fourth-quarter revenue guidance below expectations
- Fortinet -2.9%
- PDD Holdings -1.7%
- Copart -1.4%
- Honeywell Aerospace -1.2%
Thematic space and nuclear funds are higher, with the VanEck Space ETF up 3.2% and the VanEck Uranium and Nuclear ETF up 2.4%. Regionally, the iShares MSCI South Korea ETF is up 2.3% and the VanEck Vietnam ETF is up 2.4%. The Natural Gas ETF is down 2.5%.
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