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September new jobs higher than expected, is this a 'soft landing' ?
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Outsized Movers in a Declining Monday Market | Moovin Stonks

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Kevin Travers joined discussion · Oct 7 22:17
Outsized Movers in a Declining Monday  Market | Moovin Stonks
Good morning, traders. Happy Monday, October 7th, the air was dark and chilly in Jersey City, and the market was falling but individual stocks were flying on the news. Last week was a volatile one, this week will see updated CPI inflation numbers and the start of the Q3 earnings season.
My name is Kevin Travers; here are stonks and stories you have to know about on Wall Street today.
$Hims & Hers Health (HIMS.US)$ shares are trading 9% higher on Monday, with the stock set to join to the S&P SmallCap 600 before trading opens on Wednesday. It was one of the highest gainers on the $Russell 2000 Index (.RUT.US)$.
$Super Micro Computer (SMCI.US)$ climbed 10% on Monday right after 10:30 am ET after the firm said in a press release it was shipping over 100,000 liquid-cooled GPUs per quarter to AI data centers.
$Vista Outdoor (VSTO.US)$ shares are traded 9% higher Monday after the company inked a deal to sell the outdoor brand Revelyst to Strategic Value Partners for $1.125 billion in cash. Revelyst owns brands like Camelback and Bushnell. The firm also amended its M&A agreement with Czechoslovak Group to acquire The Kinetic Group, increasing the purchase price and valuing Vista Outdoor at $3.35 billion- or $45/share.
$Scholar Rock (SRRK.US)$, a small Cambridge, MA-based biopharma firm, saw its stock jump 300%+ Monday morning after the firm said that its treatment for spinal muscular atrophy met primary targets in a phase 3 clinical trial.
$PepsiCo (PEP.US)$, $Delta Air Lines (DAL.US)$, and $JPMorgan (JPM.US)$ earnings are coming this week, Tuesday, Thursday, and finally Friday.
Outsized Movers in a Declining Monday  Market | Moovin Stonks
Within industries tracked by moomoo, Crypto stocks climbed despite a $63k $Bitcoin (BTC.CC)$ price. $MicroStrategy (MSTR.US)$ was leading the pack, up 7%.
$Crude Oil Futures(JAN5) (CLmain.US)$ climbed again. Hamas militants fired missiles into Isreal Monday, the anniversary of a terrorist attack targeting Israel one year ago that began a devastating middle east conflict.
Gold and silver both fell Monday. The   $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the       $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
The market fell Monday, despite some outsized moovers.
Just past 10:09 am ET the     $S&P 500 Index (.SPX.US)$ traded down 35 bps, the       $Dow Jones Industrial Average (.DJI.US)$ fell 25 bps, and the     $Nasdaq Composite Index (.IXIC.US)$ fell 49 bps.
In macro, the market was still digesting Friday's labor numbers, which came in hot- 254k vs. estimates of 147k.
This week, investors are awaiting CPI numbers Thursday, which are forecasted to be at 2.3% growth year over year in consumer prices, a three-year record low. Last month, consumer prices grew by just 2.5% year over year, the lowest rate since 2021
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Over the weekend, users were discussing volatility. October has been a historically volatile month, one user said, and last week proved it. Still, many users were looking forward to corporate earnings as a return to stability, while Chinese stocks and U.S. politics will bring volatility.
Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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