We’re just 67 days into 2024 and already Nvidia ( NVDA) has added $1 trillion in market value. Late in the afternoon, the stock was up 3.9% at $5.23, after having risen 11% at the open before falling as much as 7% about an hour into the session, and then resuming its upward move. The company's shares went on a rollercoaster ride after the results were released. 3 fell 7.2% to $1.43 billion, in line with forecasts, while comparable store sales dropped 8.6%.īig Lots anticipates current-quarter comparable store sales to improve over the fourth quarter, but still be down by a mid-single-digit percentage. The company expects gross margin will "improve significantly" from a year ago, rising 200 to 250 basis points as a result of "reduced markdown activity, lower freight costs, and cost reduction and productivity initiatives." The furniture and home-decor chain reported a fiscal fourth-quarter loss of $30.7 million, more than double what it was a year ago, and an adjusted loss per share of $0.28. Pepper ( KDP) fell 0.8%.īig Lots ( BIG) on Thursday reported a wider-than-expected quarterly loss, as well as a decline in revenue, as demand slowed and the company faced cost pressures. Kraft Heinz ( KHC) slid 1.3%, Mondelez ( MDLZ) lost 0.9%, and Keurig Dr. Micron ( MU) rose 3.6% after Stifel upgraded the stock to buy from hold.įood stocks lagged as investors went all in on growth. With Thursday’s gains, Nvidia has added more than $1 trillion in market cap so far this year.īroadcom ( AVGO) also had its price target raised by Mizuho ahead of its earnings report after the bell. ![]() Nvidia ( NVDA) rose 4.5% to $926 after Mizuho Securities raised its price target to $1,000. Semiconductor stocks led the index higher, with Onsemi ( ON) gaining 6.9% and Qualcomm ( QCOM) adding 4.7%. Eli Lilly shares ticked up 0.1% Thursday, while Novo Nordisk surged 9% after reporting promising results from an early trial of its weight loss pill.Ĭostco ( COST) rose 1.6% ahead of its earnings report after the bell.īrown Forman ( BF.B) slid 2.7%, extending yesterday’s losses following a disappointing earnings report. General Electric ( GE) gained 4.4% after its aerospace division authorized $15 billion in share repurchases and said it expects to reinstate its dividend after it spins off its renewable energy business, GE Vernova, next month.Ĭigna ( CI) rose 0.9% after it reached a deal with Eli Lilly ( LLY) and Novo Nordisk ( NVO) to cap how much health insurers pay for their popular weight loss drugs. ![]() ![]() Kroger ( KR) jumped 9.9% after reporting better-than-expected fourth-quarter earnings and offering upbeat full-year guidance. UnitedHealth Group ( UNH) rose 1.3% after Bank of America analysts named it a top managed care pick.Īmgen ( AMGN) led the index’s laggards, falling 1.4% to extend a weeks-long slump.Īpple ( AAPL) slipped 0.1% to notch its seventh consecutive losing session. Intel ( INTC) led the index higher, rising 3.7% amid a tech rally that also saw Amazon ( AMZN) add 2.3% and Microsoft ( MSFT) gain 1.8%.
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