Broadcom and Cadence Design Lead Tuesday's Afternoon Market Movers

On Tuesday afternoon, the stock market witnessed significant movements, particularly among notable companies. Both gains and declines marked the landscape, influenced by earnings reports, strategic partnerships, and reactions to company news. This article highlights some of the most prominent stock movements, spanning from mega-cap entities to smaller firms.

Mega-Cap Movers (Market Cap $200B+)

• Broadcom (NASDAQ: AVGO): The company's collaboration with OpenAI to develop an AI inference chip has propelled its stock price upward, showing a gain of +3.49%.
• Advanced Micro Devices (NASDAQ: AMD): With earnings set to be announced after market close, AMD has seen a rise of +3.07% in anticipation.

Large-Cap Stock Movers (Market Cap $10B-$200B)

• Cadence Design Systems (NASDAQ: CDNS): Following a strong earnings report and a raised outlook, Cadence's stock surged by +12.49%.
• Tenet Healthcare (NYSE: THC): With its Q3 earnings exceeding estimates, Tenet's stock increased by +11.61% as guidance was also raised.
• Incyte Corp (NASDAQ: INCY): Saw an increase of +11.55%.
• F5 Networks (NASDAQ: FFIV): Reported impressive fourth-quarter and fiscal year 2024 results, along with a strong forecast for FY 2025, resulting in a gain of +9.24%.
• Leidos Holdings (NYSE: LDOS): Leidos experienced a jump of +9.8% after significant earnings surpassing expectations and a raised guidance.
• Check Point Software (NASDAQ: CHKP): Check Point's stock fell by -12.85%, despite reporting in-line Q3 results with a year-over-year revenue increase of 7%.
• Stanley Black & Decker (NYSE: SWK): Reported Q3 results showing a decline of -8.81%.
• D.R. Horton Inc (NYSE: DHI): Experienced a decrease of -8.77% following its fourth-quarter results.
• Ford Motor Co (NYSE: F): Declined by -8.49% due to cost improvements and growth in its Ford Pro division.
• Builders FirstSource (NASDAQ: BLDR): Dropped by -7.57%.

Mid-Cap Stock Movers (Market Cap $2B-$10B)

• TransMedics Group (NASDAQ: TMDX): Reported a staggering decline of -30.36%.
• CVR Energy (NYSE: CVI): Its partners showed a significant drop of -25.02%.
• Commvault Systems (NASDAQ: CVLT): Announced good results for fiscal Q2 2025, leading to an increase of +21.97%.
• VF Corporation (NYSE: VFC): Experienced a +22.7% rise after announcing its second-quarter results for fiscal 2025.
• Boot Barn Holdings (NYSE: BOTB): Saw shares tumble by -19.76% after missing earnings expectations coupled with a CEO departure.
• Crocs (NASDAQ: CROX): Decreased by -18.15%.
• JetBlue Airways (NASDAQ: JBLU): Fell by -16.39%.
• Merchants Bancorp (NASDAQ: MBIN): Reported a reduction of -16.22% in its stock price.
• Harmony Biosciences (NASDAQ: HRMY): Increased by +13.99%.
• Icahn Enterprises (NASDAQ: IEP): Decreased by -14.49%.

Small-Cap Stock Movers (Market Cap $300M-$2B)

• CM Life Sciences (NASDAQ: WGS): This firm enjoyed a gain of +42.88%.
• Primega Holdings (NASDAQ: PGHL): Experienced a significant decrease of -37.93%.
• Juniper Industrial Holdings (NASDAQ: JBI): Saw a drop of -31.18% after missing earnings expectations and cutting guidance.
• DAQQ New Energy Corp (NASDAQ: DQ): Fell by -25.02%.
• Harmonic Inc (NASDAQ: HLIT): Reported Q3 results leading to a drop of -23.85%.
• Xerox Corp (NASDAQ: XRX): Shares fell by -20.34% following a miss in Q3 earnings.
• Canaan Inc (NASDAQ: CAN): Showed gains of +18.87%.
• Hudson Executive Investment (NYSE: HEPI): Increased by +18.4%.

In summary, Tuesday's trading session was marked by contrasting fortunes for these companies, underscoring the dynamic nature of the market.

Broadcom, Cadence, Earnings