AMD and Tesla Drive Afternoon Market Cap Changes on Friday

Market Update: Notable Stock Movements on Friday

On Friday, the stock market experienced significant fluctuations influenced by various factors. Major companies such as Advanced Micro Devices (AMD) and Tesla Motors (TSLA) showed upward momentum, contributing to gains across the market, particularly among large-cap stocks. Below is a snapshot of key stock movements from mega-cap to small-cap categories reflecting today’s intra-day activity.

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

• Tesla Motors (TSLA): +3.42%; gains ahead of the upcoming Robotaxi event.
• Advanced Micro Devices (AMD): +4.3%.
• JPMorgan Chase (JPM): +2.86%; banks rose on a solid jobs report.
• Bank of America (BAC): +2.02%; similarly benefiting from the strong jobs data.

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

• MicroStrategy Inc (MSTR): +5.99%.
• Albemarle (ALB): +5.97%.
• Ctrip.com International (TCOM): +5.22%.
• Reddit (RDDT): +5.22%; set to announce Q3 2024 results on October 29, 2024.
• Deckers Outdoor Corp (DECK): +4.91%.
• BeiGene (BGNE): +4.43%.
• American International Group (AIG): +4.66%.
• Floor Decor Holdings (FND): -4.98%.
• Capital One (COF): +4.74%.
• Discover Financial (DFS): +5.05%.

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

• JetBlue (JBLU): +13.77%; benefiting as Spirit Airlines may file for bankruptcy.
• Barnes Group Inc (B): +12.44%; with Oppenheimer deeming the takeover price of $55 ‘reasonable’.
• New Fortress Energy LLC (NFE): +10.96%.
• New Providence Acquisition Corp N (ASTS): +10.59%.
• ZIM Integrated Shipping Services (ZIM): -11.1%.
• Arcadium Lithium (ALTM): +11.0%.
• CleanSpark (CLSK): +9.53%.
• Coeur d’Alene Mines Corp (CDE): -8.97%; Coeur Mining set to acquire SilverCrest in a $1.7 billion deal.
• Miniso Group Holding Ltd (MNSO): +7.17%.
• Abercrombie & Fitch (ANF): +8.17%; benefiting from positive comments by JPMorgan.

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

• Apogee Enterprises (APOG): +24.4%; stock surged on strong Q2 earnings and an upgraded outlook.
• UP Fintech Holding (TIGR): +24.37%.
• Dogness (DOGZ): +20.54%.
• Evgo (EVGO): +15.74%; continuing gains following a DOE loan guarantee.
• Ehang Holdings Ltd (EH): +17.5%.
• Uxin (UXIN): +15.12%.
• Capricor Therapeutics (CAPR): +19.8%; will present long-term data from the HOPE-2 study at the 2024 WMS Congress.
• Frontier Airlines (ULCC): +18.14%; also boosted as Spirit Airlines may file for bankruptcy.
• Luminar Technologies (LAZR): +14.39%.
• Oklo (OKLO): +13.86%.

This report summarizes the notable stock movements and performance in the market today.