Top Stocks to Watch in Midday Trading
Quantum Computing Stocks Surge
- Quantum computing stocks are on the rise after Microsoft unveiled its quantum-ready plan, with Nvidia also announcing a quantum day at its annual GTC conference. Companies like Rigetti Computing, D-Wave Quantum, and IonQ saw significant gains.
Beacon Roofing Supply Acquisition
- Beacon Roofing Supply shares jumped over 10% after QXO proposed to acquire the company for $124.25 per share in cash, with a total transaction value of $11 billion.
Wells Fargo Posts Strong Earnings
- Wells Fargo shares soared nearly 6% following better-than-expected adjusted earnings and strong guidance on net interest income for 2025.
Goldman Sachs Beats Expectations
- Goldman Sachs saw a 5% increase in its stock price after exceeding analysts’ expectations in its latest quarterly results.
Citigroup Reports Strong Fourth-Quarter Results
- Citigroup shares climbed over 7% after reporting better-than-expected fourth-quarter earnings.
BNY Mellon Tops Wall Street Expectations
- Bank of New York Mellon shares gained 6% after reporting fourth-quarter earnings that surpassed Wall Street expectations.
Other Stocks in the News
JPMorgan Chase
- JPMorgan Chase shares rose 2% on strong fourth-quarter results, driven by solid performances in fixed income and investment banking businesses.
BlackRock
- BlackRock’s stock added 4.7% after the asset manager posted a fourth-quarter earnings beat.
CBRE Group
- Shares of CBRE Group advanced nearly 5% after Morgan Stanley upgraded the real estate stock to overweight.
Calavo Growers
- The avocado distributor saw a 7% decrease in its stock price after posting results for the fiscal fourth quarter and full year.
Contributions from Alex Harring, Samantha Subin, Yun Li, Pia Singh, and Michelle Fox.
Bank of New York Mellon CorpBeacon Roofing Supply IncBlackRock IncBreaking News: EconomyBreaking News: Marketsbusiness newsCalavo Growers IncCBRE Group IncCitigroup IncDPCM Capital InceconomyGoldman Sachs Group IncIONQIONQ IncJPMorgan Chase & ComarketMarket InsidermarketsMicrosoft CorpmiddaymoversNVIDIA Corpregwall-marketmoversRigetti Computing IncStockStock marketstoptradingWells Fargo & CoWFC