Eli Lilly and Regencell among market cap stock movers on Wednesday

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Advanced Micro Devices

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Ambarella

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Summary:

Wednesday’s market has seen swings in various stocks based on news and other factors. Today, stocks like Eli Lilly and Regencell...

Wednesday’s market has seen swings in various stocks based on news and other factors. Today, stocks like Eli Lilly and Regencell Bioscience Holdings are rallying, while others like First Solar are falling. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers (Market Cap:$200 billion USD and higher)

Eli Lilly And Co (LLY); Eli Lilly & Co. (LLY) Nears Deal for Ventyx Biosciences (VTYX) - WSJ: +3.59%
Google Inc (GOOGL): +3.18%
Palantir Technologies Inc (PLTR): +2.99%
AbbVie Inc (ABBV): +2.38%
Caterpillar (CAT); Caterpillar CEO Joe Creed to become chairman as Umpleby retires: -3.11%
United Health Group (UNH): -2.41%
Bank Of America (BAC); Wolfe Research downgrades Bank of America stock rating on valuation concerns: -2.47%
JP Morgan Chase (JPM); Wolfe Research downgrades JPMorgan stock rating on expected slower EPS growth: -2.26%
Lam Research Corp (LRCX): -2.26%
Applovin (APP): +3.27%

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

Regencell Bioscience Holdings (RGC): +45.47%
Bloom Energy Corp (BE): +7.52%
Intel Corp (INTC); Mobileye to acquire humanoid robotics firm Mentee for $900 million: +6.69%
Invitation Homes Inc (INVH): -7.9%
Vistra Energy Corp (VST): -7.83%
Seagate Technology (STX): -6.95%
Amern Hms 4 (AMH): -5.25%
Western Digital (WDC): -8.9%
First Solar Inc (FSLR): -10.0%
New Providence Acquisition Corp N (ASTS); Scotiabank downgrades AST Spacemobile stock on valuation concerns: -11.54%

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

Crinetics Pharmaceuticals Inc (CRNX); Crinetics Pharmaceuticals prices public offering at $45.95 per share: +13.0%
Compass (COMP); Compass announces proposed $750 million convertible notes offering: +12.79%
CF Acquisition Corp VI (RUMBW): +9.07%
Arrowhead Research Corp (ARWR); Arrowhead Pharmaceuticals plans to offer $700 million in securities: -8.95%
Cleveland Cliffs (CLF); Cleveland-Cliffs stock rating downgraded by KeyBanc on valuation concerns: -9.53%
Qorvo Inc (QRVO): -8.74%
ViaSat (VSAT): -11.38%
Skyworks Solutions Inc (SWKS): -11.64%
Fermi America LLC (FRMI): -11.0%
Ambarella Inc (AMBA): -12.36%

Small-Cap Stock Movers (Market Cap:$300 million - $2 billion USD)

Monte Rosa Therapeutics (GLUE); Monte Rosa’s MRT-8102 shows promising results in reducing inflammation: +49.41%
NovaBay Pharmaceuticals Inc (NBY): +42.22%
Ventyx Biosciences (VTYX); Eli Lilly-Ventyx Deal Could Come Wednesday, Sources Say -- WSJ: +36.67%
Realogy Holdings (HOUS): +20.93%
AXT Inc (AXTI): +19.43%
Neumora Therapeutics (NMRA): +18.76%
GH Research (GHRS): +22.52%
Immuneering (IMRX): +22.17%
ASTX NYSE (ASTX): -3.33%
Summit Semiconductor (DVLT): -17.21%

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Black Spade Acquisition III closes $172.5 million IPO on NYSE

Investing.com

Advanced Micro Devices

Black Spade Acquisition III Co (BIIIU) completed its initial public offering, raising $172.5 million through the sale of 17.25 million units priced at $10.00 each, according to a company statement.

The offering included 2.25 million units from the full exercise of underwriters’ over-allotment option. Units began trading on the New York Stock Exchange on January 6, 2026.

Each unit consists of one Class A ordinary share and one-third of a redeemable warrant. Whole warrants can be exercised to purchase Class A ordinary shares at $11.50 per share. The Class A shares and warrants will trade separately under symbols "BIII" and "BIIIW" once separate trading begins.

The special purpose acquisition company is led by Dennis Tam as Executive Chairman and Co-CEO, Kester Ng as Co-CEO and CFO, and Richard Taylor as Co-CEO and COO. The management team previously served as executives or advisors to two prior SPACs sponsored by affiliates of Black Spade Capital Limited.

Cohen & Company Capital Markets and Chardan served as joint book-running managers for the offering. The company’s registration statement became effective with the Securities and Exchange Commission on January 5, 2026.

Black Spade Acquisition III was incorporated to pursue mergers, acquisitions or business combinations, with particular interest in the leisure and entertainment sector. The company stated it is exploring opportunities in digital assets within lifestyle and entertainment, as well as applications of artificial intelligence, robotics and quantum computing.

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Initial jobless claims data takes center stage Thursday

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As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Thursday, January 8, 2026. The spotlight will be on the weekly initial jobless claims report, which will provide fresh insights into the labor market’s health and could influence Federal Reserve policy decisions. This key employment indicator will be accompanied by several other important economic reports including trade balance figures, productivity data, and consumer credit numbers.

Major Economic Events to Watch

• 8:30 AM ET - Initial Jobless Claims: Expected at 213K versus previous 199K. This report measures the number of individuals who filed for unemployment insurance for the first time during the past week and serves as the earliest U.S. economic data point.

Other Important Economic Events to Watch

• 8:30 AM ET - Trade Balance: Forecast at -$58.10B compared to previous -$52.80B. This measures the difference in value between imported and exported goods and services.

• 8:30 AM ET - Nonfarm Productivity: Expected at 4.9%, up from previous 3.3%. This measures the annualized change in labor efficiency when producing goods and services, excluding the farming industry.

• 8:30 AM ET - Unit Labor Costs: Forecast at 0.0% versus previous 1.0%. This is a leading indicator of consumer inflation measuring the price businesses pay for labor.

• 8:30 AM ET - Continuing Jobless Claims: Expected at 1,900K compared to previous 1,866K. This measures the number of unemployed individuals who qualify for benefits under unemployment insurance.

• 8:30 AM ET - Exports: Previous reading was $289.30B. This provides the total US dollar amount of merchandise exports.

• 8:30 AM ET - Imports: Previous reading was $342.10B. This measures goods or services brought into the country from abroad.

• 10:00 AM ET - Wholesale Inventories: Forecast at 0.2% versus previous 0.5%. This measures the change in the total value of goods held in inventory by wholesalers.

• 12:00 PM ET - Atlanta Fed GDPNow: Expected at 2.7%, unchanged from previous reading. This is a running estimate of real GDP growth based on available economic data.

• 3:00 PM ET - Consumer Credit: Forecast at $10.10B compared to previous $9.18B. This measures the change in the total value of outstanding consumer credit requiring installment payments.

• 4:30 PM ET - Fed’s Balance Sheet: Previous reading was $6,641B. This statement lists the assets and liabilities of the Federal Reserve System.

• 4:30 PM ET - Reserve balances with Federal Reserve Banks: Previous reading was $2.853T. This represents the amount of money that depository institutions maintain in their accounts at regional Federal Reserve Banks.

Other Economic Events to Watch

• 7:30 AM ET - Challenger Job Cuts: Previous reading was 71.321K and 23.5% year-over-year. This provides information on the number of announced corporate layoffs by industry and region.

• 8:30 AM ET - Jobless Claims 4-Week Avg: Previous reading was 218.75K. This smooths the weekly jobless claims data to account for volatility.

• 10:00 AM ET - Wholesale Trade Sales: Previous reading was -0.2%. This measures the change in the total value of sales at the wholesale level.

• 10:30 AM ET - Natural Gas Storage: Expected at -109B versus previous -38B. This measures the change in the number of cubic feet of natural gas held in underground storage.

• 11:00 AM ET - NY Fed 1-Year Consumer Inflation Expectations: Previous reading was 3.2%.

• 11:30 AM ET - 4-Week Bill Auction: Previous yield was 3.590%.

• 11:30 AM ET - 8-Week Bill Auction: Previous yield was 3.580%.

For further information and the latest updates, please refer to our Economic Calendar, here

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Millicom eyes Telefonica’s Chile unit to expand Latin American presence - Bloomberg

Investing.com

Advanced Micro Devices

Investing.com -- Millicom International Cellular SA has expressed interest in acquiring Telefonica SA’s Chilean unit, potentially adding Chile to its Latin American markets, according to reporting from Bloomberg, citing sources familiar with the matter.

The Luxembourg-based telecommunications company, which operates in Latin America under the Tigo brand, has not made any final decisions, and there is no guarantee that Millicom will submit an offer for Telefonica Chile, the sources said.

If completed, the acquisition would introduce Millicom as a new competitor in the Chilean telecommunications market while maintaining the total number of operators at four.

Millicom has been expanding its Latin American footprint by purchasing Telefonica’s assets across the region as the Madrid-based company reduces its presence outside Brazil. In the past year, Millicom has agreed to acquire Telefonica’s operations in Colombia, Ecuador and Uruguay.

Telefonica has been soliciting bids for its Chilean business since last year. Competitors Entel SA and America Movil SAB had previously shown interest in making a joint bid but abandoned those plans. In December, Entel announced it was exploring options to remain in the bidding process, while America Movil stated it would pursue the acquisition independently.

According to one source, Entel has not submitted any new bids for the Telefonica unit.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Tesco, RPM, Acuity Brands, and more set to report earnings Thursday

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Advanced Micro Devices

Earnings season continues, below we highlight companies expected to report earnings the next trading day so you can prepare for the market action. Leading the charge on Thursday are several notable firms including Tesco, RPM International, Acuity Brands, Commercial Metals, and WD-40 Company, representing sectors ranging from retail to industrial manufacturing and consumer goods.

Earnings Before the Open:

• Tesco PLC (TSCDY) - Estimated revenue: $22.93B

• RPM Intl Inc ( - Estimated EPS: $1.43, Estimated revenue: $1.94B

• Acuity Brands Inc (AYI) - Estimated EPS: $4.58, Estimated revenue: $1.14B

• Commercial Metals Comp (CMC) - Estimated EPS: $1.56, Estimated revenue: $2.06B

• Sodexo PK (SDXAY) - No estimates available

• Neogen Corp (NEOG) - Estimated EPS: $0.032, Estimated revenue: $208.12M

• Simplicity (SMPL) - Estimated EPS: $0.3559, Estimated revenue: $335.93M

• Lindsay Corporation (LNN) - Estimated EPS: $1.53, Estimated revenue: $172.42M

• Helen of Troy Ltd (HELE) - Estimated EPS: $1.69, Estimated revenue: $502.42M

• Northern Technolo (NTIC) - Estimated EPS: $0.02, Estimated revenue: $20.7M

Earnings After the Close:

• WD-40 Company (WDFC) - Estimated EPS: $1.45, Estimated revenue: $161.2M

• Greenbrier Companies Inc (GBX) - Estimated EPS: $0.87, Estimated revenue: $675.25M

• Aehr Test Systems (AEHR) - Estimated EPS: -$0.0287, Estimated revenue: $12.42M

• Simulations Plus (SLP) - Estimated EPS: $0.1886, Estimated revenue: $17.97M

Be sure to check back daily for updates and insights into the earnings season and real-time results at Investing.com’s Earnings Calendar and Latest Headlines. Do you want to trade the earnings of the biggest companies like a pro? Then get InvestingPro now and access over 1000 metrics that will give you a significant advantage in the shark tank that is Wall Street. Click here.

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Aktis Oncology upsizes IPO by 50%, attracts $100 million from Eli Lilly

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Investing.com -- Aktis Oncology Inc. has increased the size of its initial public offering by 50% and secured interest from Eli Lilly & Co. for $100 million of shares in the listing.

The clinical-stage biotechnology company boosted its IPO to 17.65 million shares from the originally planned 11.78 million shares, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

Shares are being marketed in the range of $16 to $18 each. Eli Lilly, which is already a stockholder in Aktis, has indicated interest in purchasing approximately $100 million in shares at the IPO price.

Aktis has applied to list its common stock on the Nasdaq Global Market under the symbol "AKTS." The company is backed by investors including MPM BioImpact and Vida Ventures.

The company focuses on developing targeted radiopharmaceuticals for cancer treatment. Its lead product candidate, [225Ac]Ac-AKY-1189, targets Nectin-4, a surface protein found on various tumors with limited expression in normal adult tissues.

Aktis began a multi-site Phase 1b clinical trial in the United States after receiving FDA clearance for its Investigational New Drug application in April 2025. The company expects preliminary results from the first part of this trial in the first quarter of 2027.

The company describes itself as an "emerging growth company" and a "smaller reporting company" under U.S. federal securities laws, which subjects it to reduced public company reporting requirements.

J.P. Morgan, BofA Securities, Leerink Partners, and TD Cowen are serving as underwriters for the offering. The underwriters have a 30-day option to purchase up to an additional 2,647,500 shares.

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The Round-Number Rally: Dow 50K Isn't the Only Big Target in Global Markets — Barrons.com

Dow Jones Newswires

By Martin Baccardax

Global stocks are powering higher across the board, with markets in Europe and Asia hitting a series of fresh all-time highs and U.S. benchmarks on pace to reach historic thresholds early in the new year.

And for the first time since the current bull market began in the autumn of 2022, tech isn't leading the charge, either at home or abroad.

The Dow Jones Industrial Average has risen more than 3.6% over the past month, including 3% since the start of the year. It is within striking distance of the 50,000 point mark.

The index includes enormous tech companies such as Nvidia, Microsoft, Amazon.com and Apple, but its value is based on the prices of those stocks, rather than their market capitalizations, giving them far less influence on its daily movements.

The S&P 500 is up around 1.4% over the past month and since the start of 2026, leaving the benchmark just 50 points from the 7000-point threshold. The Nasdaq Composite, meanwhile, is up by around 1.3% since the start of the year, leaving it more or less where it was a month ago.

Much of the Nasdaq's advance has been tied to memory and semiconductor companies, such as Western Digital, Lam Research and Micron Technology. The megacap tech stocks, meanwhile, are flatlining: An index of the so-called Magnificent Seven is down 0.3% for the year.

Nvidia, the market's $4.6 trillion behemoth, is up a solid 2% for the year, but remains around 8.3% south of the record high it reached in late October.

"The moves underline the market's risk appetite and demonstrate the broadening in exposure to encompass overlooked value plays and small-caps, as well as tech," said David Morrison, senior market analyst at Trade Nation. "Nvidia appears to have found its footing, but it looks as if investors currently prefer to deploy funds to stocks with cheaper valuations for now."

An closely tracked index that gives all the stocks in the S&P 500 an equal weighting would seem to back that view. The S&P 500 Equal Weight index hit a record high on Tuesday and has gained around 2.7% over the past month.

"The S&P 500 Equal Weight Index is often viewed as a proxy for the return of the average stock and for assessing the breadth of the broader market," said Keith Lerner, chief market strategist at Truist. He says that further outperformance by the equal-weight index could signal stronger earnings growth outside of tech.

LSEG data suggest collective S&P 500 profits will rise around 15.6% to $314 a share in 2026, with sectors such as materials, industrials, and financials contributing a larger share of the growth. In fact, the S&P's communications services index, home to Apple and Meta Platforms, is likely to see a 3% decline in first-quarter earnings, compared with a near 8% gain for industrials, the data indicate.

The Dow's gains, as well as advances in benchmarks from the U.K., Germany, and Japan, suggest a continuing move out of megacap tech stocks, as well as those linked to the artificial-intelligence investment boom, in favor of materials, industrials, and financial stocks.

Britain's FTSE 100, which is led by miners and banks, topped the 10,000 point mark for the first time on record late last week. It has risen 4.3% over the past month.

Germany's DAX index, which has only two true major tech influences, edged past the 25,000 threshold on Wednesday. It is up 2.4% for the year. Japan's Nikkei 225 pierced the 50,000-point barrier late last month.

It is also worth noting that gold is on its way to the $5000 an ounce mark in this global "round number rally," while silver breached $80 an ounce and copper topped $13,000 a ton earlier in the week.

Some investors get nervous when everything around them is testing new highs, especially when assets such as gold and copper, which ostensibly tell different stories, are pacing the advance.

But geopolitics isn't blunting sentiment as yet, the Federal Reserve remains more likely than not to reduce interest rates and keep the banking sector awash with liquidity, and the Trump administration is willing to do whatever it takes to keep the economy running hot into the midterm elections.

And that points to higher round numbers ahead.

Write to Martin Baccardax at martin.baccardax@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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