📈 Super Micro Computer (SMCI): The AI server manufacturer submitted a plan to remain listed on the Nasdaq, sparking a 21% surge in its shares. This builds on Monday’s rally, driven by anticipation of the announcement.
📈 Walmart (WMT): The retail giant reported a rise in quarterly U.S. sales, driven by increased purchases of groceries, home goods, and toys. The strong performance signals robust consumer spending as the holiday season kicks off. Walmart also raised its annual sales and profit forecasts, pushing its stock higher.
📉 Trump Media & Technology (DJT): Shares of Donald Trump’s social-media company fell 9%, following a 16% jump on Monday. The earlier surge was fueled by reports of advanced talks to acquire cryptocurrency firm Bakkt.
📈 Amcor (AMCR) & Berry (BERY): Packaging leader Amcor announced plans to acquire competitor Berry in an all-stock deal. Berry’s shares rose nearly 4%, while Amcor posted a smaller gain. Berry’s market value was approximately $7.7 billion at Monday’s close.
🔎 Alphabet (GOOGL), (GOOG): The parent company of Google is under scrutiny as the Biden administration’s antitrust officials reportedly ramp up efforts to regulate major tech players, according to The Wall Street Journal.
📉 Lowe’s (LOW): Despite beating Wall Street estimates, the home-improvement retailer saw its shares drop about 4%. Quarterly revenue declined less than expected, but the results failed to reassure investors.
🔎 Blackstone (BX): The private-equity firm struck a deal to acquire the sandwich chain Jersey Mike’s Subs, signaling another move into the fast-casual dining space.
