The markets went red after the Fed announced rate cuts — it’ll be interesting to see what happens next. Meantime, our research team has unearthed some of the biggest movers and the best Strong Buy selections below:
🔥 HOT: Satellite company Intuitive Machines (NASDAQ: LUNR) gained 38.3% on Wednesday after it won a NASA bid worth billions late on Tuesday. The contract is for putting satellites in orbit around the moon over the next five years and is worth nearly $5 billion. LUNR has now gained 184% YTD.
🥶 NOT: The blistering rally the Children's Place (NASDAQ: PLCE) stock has been on since its last earnings report finally took a break on Wednesday. Shares of PLCE fell by 12.7% after gaining more than 250% in five trading days. The company’s recent earnings report showed EPS 127% higher than consensus estimates, which sparked the buying frenzy.
🔥 HOT: Edge computing company Veea (NASDAQ: VEEA) gained 132.8% on Wednesday as news broke that the company is partnering with internet of things sensor company Crowdkeep. Trading volume on VEEA was through the roof, with 6.2 million shares traded compared with a daily average of about 1,000.
🥶 NOT: T-Mobile US (NASDAQ: TMUS) stock dropped by 3.0% on Wednesday amid news that the company will supply artificial intelligence company OpenAI with customer data to “boost user experience.” While Wednesday’s move is not anomalously large for TMUS, it is a bit bigger than the stock’s volatility would predict. It is possible that Wall Street fears customers will move to a different carrier for privacy reasons.
📈 Want more? Check out the biggest winners and biggest losers on WSZ.
Read me! Read me! We’ve got 3 top-notch stock suggestions from top-rated analysts below. They all come from WallStreetZen's Top Analysts feature — a premium feature on our site, but we’ve unlocked a FREE sampling below:
Analyst/Firm: Julien Dumoulin-Smith / Bank of America
Analyst ranking: Top 3% / average return +8.29% / win rate 64%
Yesterday’s market close: $241.81
Price target: $343.00
1-year chart for FSLR, courtesy TradingView
Analyst/Firm: Devin McDermott / Morgan Stanley
Analyst ranking: Top 4% / average return +9.08% / win rate 56%
Yesterday’s market close: $178.12
Price target: $198.00
1-year chart for FANG, courtesy TradingView
Analyst/Firm: John Ivankoe / JP Morgan
Analyst ranking: Top 7% / average return +14.64% / win rate 66%
Yesterday’s market close: $292.03
Price target: $290.00
1-year chart for MCD, courtesy TradingView
Gain access to dozens of alerts like this per week — Click the button below.
Want to get in touch? Email us at news@wallstreetzen.com.