Four New Companies Added to the S&P 500 Today
Just now
The stock of Williams-Sonoma experienced a rise on Monday, following the addition of the company along with three others to the prestigious S&P 500 index before the market opened.
Williams-Sonoma (WSM), which owns brands like Pottery Barn and West Elm, saw an increase of nearly 4%. The other three firms joining the index were DoorDash (DASH), Expand Energy (EXE), and TKO Group (TKO), which were up 4%, 2%, and 1%, respectively.
These four companies replaced BorgWarner (BWA), Teleflex (TFX), Celanese (CE), and FMC (FMC) as part of a routine reassessment of the index.
In addition to these shifts, there were further adjustments where Palantir Technologies (PLTR), Intuitive Surgical (ISRG), and ServiceNow (NOW) took the place of Dow (DOW), Kraft Heinz (KHC), and Ford (F), while still remaining in the S&P 500.
Intuitive Machines Stock Surges on Strong Sales and Outlook
44 minutes ago
Shares of Intuitive Machines (LUNR) increased by over 20% on Monday after the space technology firm announced significant growth in sales and backlog, coupled with a positive future outlook as they onboarded new clients.
This upbeat news emerged merely two weeks after their lunar lander mission ended due to a landing mishap that had caused a drop in stock value.
The company reported fourth-quarter revenues that surged nearly 80% year-over-year to reach $54.7 million. Nonetheless, expenses escalated dramatically, with adjusted EBITDA plunging 146% to a loss of $11.2 million.
The backlog also rose 22%, hitting a new quarterly record of $328.3 million, attributed to $303.7 million in new awards, mainly from NASA contracts and adjustments to existing agreements.
Intuitive Machines anticipates total yearly revenue between $250 million and $300 million, projecting a return to positive run-rate adjusted EBITDA by the end of 2025, and expects to achieve positive adjusted EBITDA in 2026.
Despite the previous decrease following the failed moon mission that halved the stock price, Intuitive Machines has now seen an overall increase of nearly 40% over the last year due to today’s 24% rise.
Tesla Stock Rises, Building on Friday’s Gains
1 hour ago
Tesla’s (TSLA) stock experienced a jump on Monday, continuing the upward trend from Friday after CEO Elon Musk encouraged employees to retain their shares during an all-hands meeting last week.
Recent trading showed shares up over 9%, around $272, signifying their return to positive values since the Election Day, even as they’ve still lost more than 40% of their value since reaching an all-time high in December.
Tesla shares initially climbed following Donald Trump’s election win in November, as investors were optimistic regarding Musk’s connection with the administration. Yet upon Trump’s inauguration, shares declined as concerns grew that Musk’s political engagement impacted Tesla’s brand amidst decreasing sales and protests, along with uncertainties regarding how tariffs would affect its operations.
During last week’s meeting, Musk suggested that Wall Street does not fully grasp Tesla’s potential, based on the upcoming developments in its self-driving functionalities, as well as products like the Optimus robot. The stock appreciated following these remarks.
Supermicro Key Levels to Monitor Following Recent Rally
2 hours ago
Super Micro Computer (SMCI) saw its shares decline at the start of the week after they were instrumental in driving the S&P 500 up on Friday, following positive comments from analysts.
JPMorgan issued an upgrade on the stock, indicating that the server manufacturer could benefit from the rising demand for AI infrastructure, particularly for its hardware compatible with Nvidia’s (NVDA) popular Blackwell chips as shipments increase.
As of Monday’s trading session, Supermicro shares have climbed nearly 40% since the beginning of the year, as investors overlook well-publicized accounting and corporate governance issues that have weighed heavily on the company during the past six months.
The stock previously formed an inverse head and shoulders pattern from August to February, before breaking out above the neckline with significant volume last month. Recently, the stock found buying interest during a brief pullback to the initial breakout point, leading to an increase in the relative strength index (RSI), surpassing the 50 threshold and potentially indicating a forthcoming upward movement.
Investors should keep an eye on critical support levels on the Supermicro chart around $35 and $26, while also noting vital resistance levels close to $66 and $97.
Currently, Supermicro shares are trading down nearly 3% around $41 on Monday, following an 8% gain on Friday.
Read the complete technical analysis here.
Futures Indicate Significant Gains for Major Indexes
3 hours ago
Futures for the Dow Jones Industrial Average have increased by 0.9% in recent transactions.
Meanwhile, S&P 500 futures have risen by 1.2%.
Futures for the Nasdaq 100 saw a jump of 1.5%.
