After a steep sell-off that started in May 2024, Vistra (VST) gained 14.81% on Wednesday. The energy firm rebounded after PJM Interconnection completed an annual power market auction.
PJM revealed that power plant prices surged by over nine times Y/Y to around $270/MWd. These prices benefit Vistra and Constellation (CEG).
Tinder owner Match Group (MTCH) added 13.2% yesterday and is headed toward $40 – $45. The dating site posted strong revenue in Q2. In addition, it announced job cuts of 6% of total staff that would streamline its portfolio and cut expenses.
The buying interest in AI-related names returned on Wednesday, giving Nvidia (NVDA) the momentum to gain up to 5% today. NVDA stock added 12.81% after its peer, Advanced Micro Devices (AMD) posted strong data center revenue.
NVDA stock is more attractive than AMD stock. The latter’s gaming division continued to decline, offset by record data center segment revenue.
Humana (HUM) may rebound today after falling by 10.6% the day before. The firm lowered its FY 2024 EPS guidance to $12.81, down from $13.93. However, it increased its individual Medicare Advantage annual membership growth forecast. It expects membership to grow by 75,000.
Retail firm Bunge Global (BG) may rebound today. Shares fell yesterday after the firm posted Q2 net income falling to $0.48/share, down from $4.09.
