Market Report: Top 10 Gainers & Losers

Gainers

• WBD (5.00%): WBD's stock moved nearly 5% due to analysts' forecasts for strong Q1 earnings and news of Warner Bros. Discovery's big split into two separate companies.
• SBUX (4.33%): SBUX stock rose by 4.33% following TD Cowen reaffirming their "hold" rating and $90 price target, countering the negative impact of a downgrade by TD Cowen citing evolving consumer preferences and a challenging labor market.
• GEV (3.90%): GE Vernova (NYSE:GEV) stock price increased by 3.90% after The Goldman Sachs Group issued a positive forecast and raised its price target for the company, bolstering investor confidence in the stock.
• AVGO (3.38%): AVGO's stock price increased by 3.38% following increased interest and activity in the options market for various tech companies, including AVGO itself.
• CF (3.38%): CF's stock rose by 3.38% as analysts maintain a "Hold" rating on CF Industries Holdings, Inc. and the company's prospects look promising amidst strategic moves in the sports industry.
• BEN (3.11%): The ticker BEN increased by 3.11% as investors anticipate positive publicity and potential growth for Ben Williamson's restaurant Agnes expanding to Melbourne for one night.
• DVN (2.99%): DVN shares rose nearly 3% as the stock received a new $46.00 price target upgrade from Wells Fargo & Company and was upgraded to a "hold" rating by StockNews.com.
• TRGP (2.82%): TRGP's stock price increased by 2.82% as analysts from Mizuho and Royal Bank of Canada lowered their price targets but maintained outperform ratings, suggesting the market may view the stock as undervalued despite the adjustments.
• PLTR (2.70%): PLTR's stock increased by 2.70% due to increased interest and trading activity around options trading and discussions on various platforms.
• PM (2.42%): PM stock rose by 2.42% as Prime Minister Modi's comments on India's technological progress and positive international relations signaled stability and growth potential for the company.

Losers

• INTC (-6.34%): INTC decreased by 6.34% likely due to negative sentiment in the options market as indicated by the #HotOptions reports.
• NUE (-6.06%): NUE stock decreased by over 6% as the company faced negative sentiment following a tragic incident in N'Zérékoré and concerns about a potential industry downturn affecting steel production.
• UAL (-5.49%): UAL's stock price decreased by 5.49% following an analyst upgrade and positive market performance from competitor Delta, suggesting potential concerns specific to United Airlines.
• DAL (-4.86%): DAL's stock price decreased by 4.86% as investors may be concerned about the company's decision to acquire an advanced gold project in Cote D’Ivoire, potentially leading to increased expenses and uncertainties in the investment.
• LMT (-4.26%): Lockheed Martin (LMT) experienced a -4.26% drop as concerns over the U.S. Air Force's planned retirement of the U-2 Dragon Lady surveillance aircraft and competition in the growing global drone market weighed on investor sentiment.
• ON (-3.75%): ON's stock price decreased by 3.75% possibly due to overall market volatility impacting semiconductor stocks.
• ODFL (-3.44%): ODFL dropped by 3.44% as it was downgraded from a "sell" to a "hold" rating by Wall Street Zen and received negative Q2 earnings outlook from Zacks Research.
• NCLH (-3.34%): NCLH's percent move decreased by 3.34% as conflicting price target revisions and bearish earnings estimates weighed on investor sentiment.
• BBY (-3.02%): Best Buy (BBY) stock decreased by over 3% as investors reacted to Procyon Advisors LLC purchasing a new stake in the company, along with UBS Group lowering their price target for the stock.
• JBHT (-2.95%): JBHT stock decreased by approximately 2.95% as analysts reaffirmed a neutral rating and lowered earnings estimates for J.B. Hunt Transport Services.