S&P 500 Movers on Thursday

The S&P 500 saw some interesting movements on Thursday, with several stocks making significant gains and losses. Here are some of the key movers:

Gainers:
1. Albemarle (ALB) – Shares of the world’s largest lithium producer jumped 7.1% after clawing back losses from the prior session. Analysts are optimistic about the recovery of lithium prices in the medium to long term.
2. CarMax (KMX) – Shares rose 6.5% after an upgrade from Needham analysts, who highlighted the company’s growth potential and new features for EV tax credits.
3. Walgreens Boots Alliance (WBA) – Shares were up 4.4% despite hitting 27-year lows recently. The health care provider is making efforts to recover from a challenging period.

Decliners:
1. Deckers Outdoor (DECK) – Shares dropped 4.9% after a report pointed to slower sales of the company’s popular footwear brands.
2. Software Companies – Shares of software companies like CrowdStrike Holdings (CRWD) and Intuit (INTU) fell, indicating a potential rotation from semiconductor stocks to AI beneficiaries in the software industry.
3. Uber Technologies (UBER) – Shares skidded 2.9% after Hong Kong announced new regulations for ridesharing services.

In other news, Tesla (TSLA) extended its winning streak as Goldman Sachs raised its price target, while Nvidia (NVDA) saw its stock rise on optimism about AI growth. Carvana (CVNA) also received an upgrade, leading to a surge in its stock price.

Overall, stock futures point to a higher open for major indexes, with the Dow Jones, S&P 500, and Nasdaq 100 all showing gains in early trading. It will be interesting to see how these movements play out throughout the day.