Market Overview - The stock market experienced volatility over the past month, influenced by geopolitical events and tariff discussions [1] - The S&P 500 and Nasdaq saw gains of 0.8% and 0.7% respectively from December 15 to the recent close [1] Top Performing Stocks - Qnity Electronics: Increased by 30.1%, driven by strong demand in the semiconductor sector and positive earnings from Taiwan Semiconductor Manufacturing [1] - Boeing: Rose by 22.6%, supported by new orders from Ethiopian Airlines and outselling Airbus for the first time since 2018 [1] - Texas Roadhouse: Gained 14.1%, with expectations of improved consumer spending due to tax refunds, despite previous margin pressures from cattle inflation [1] Underperforming Stocks - Salesforce: Declined by 15.5%, facing challenges from AI-driven disruptions that threaten its business model, although the CEO remains optimistic about AI's role [1] - CrowdStrike: Fell by 11.7% after reports of a ban on its software in China due to national security concerns, but the company’s acquisition of SGNL for $740 million is seen as a positive move [1] - Apple: Decreased by 11%, attributed to rising memory costs and a shift away from large tech stocks, though a new AI partnership with Alphabet is viewed positively [1]
Our top 3 and bottom 3 stocks during a volatile month on Wall Street