Hot or Not: Stock Market Edition [11/19/2024]

The stock market has taken investors on a wild ride following the election — here’s what’s moving today.

🔥 HOT: Tesla (NASDAQ: TSLA) continues to do well in the post-election environment, gaining 5.6% on Monday. The stock spiked on news that President-elect Trump plans to ease regulations on self-driving cars. While it’s unclear what that really means at this point, it would benefit the companies with the most advanced self-driving cars the most, and Tesla is still the clear frontrunner in that category. Tesla has now gained more than 35% since the U.S. election on November 5th.

🥶 NOT: Shares of Nvidia (NASDAQ: NVDA) fell by 1.3% on Monday ahead of its Tuesday earnings report. Investors are wary of what to expect from Nvidia in the near future due to recent concerns over its new Blackwell AI-focused chips. The latest issue is that the new chips are overheating in certain custom server racks, rendering them unusable without modifications. If the chips get delayed—again, they’ve already delayed them once—it could remove several billion dollars worth of shipments that Nvidia was expecting in its fourth quarter revenue. It’s hard to worry too much about a stock that’s gained 184% this year, but some investors are starting to wonder if cracks are beginning to show.

🔥 HOT: Liberty Energy (NYSE: LBRT) gained 4.9% on Monday after the company’s founder and CEO, Christopher A. Wright, was named Trump’s nominee to head the U.S. Department of Energy. The news and subsequent stock movement was a much-needed shot in the arm for LBRT, which remains down 3.6% YTD after Monday’s gain.

🥶 NOT: Shares of JetBlue (NASDAQ: JBLU) dropped by 9.5% on Monday as it continues to struggle after its planned merger with Spirit Airlines (NYSE: SAVE) was blocked due to anti-competitive trust laws. JetBlue is also struggling under the headwind from the escalating conflict between Ukraine and Russia. Tensions have risen recently, and investors are concerned about the impact that greater turmoil will have on global oil prices.

📈 Want more? Check out the biggest winners and biggest losers on WSZ.

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