nvidia and avago among market cap stock movers on Tuesday

Investing.com -- The IT distribution sector is poised for transformation in 2026, with leading companies focusing on advanced services, cloud solutions, and AI-powered platforms.

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RBC Capital has identified key players expected to drive growth despite the maturing PC refresh cycle. These companies are leveraging digital platforms and specialized services to expand margins and capture emerging opportunities.

Ingram Micro (INGM) makes RBC Capital’s list, with strong prospects for margin expansion in fiscal 2026.

The company is strategically growing its Advanced Solutions and cloud portfolio, which currently represents approximately 40% of total revenue.

INGM’s Xvantage platform is expected to be a significant driver of operational efficiencies, with its Intelligent Digital Assistant (IDA) already contributing hundreds of millions in incremental revenue in the third quarter of 2025.

RBC noted that the company’s margin expansion strategy includes" Increasing focus on the higher-margin SMB segment, which showed sustained growth throughout 2025, leveraging Xvantage to reduce operating expenses, which have already decreased to 13% of net sales in Q3 2025 from 5.33% in Q3 2024, utilizing AI-driven efficiencies to reduce cost-to-serve, and expanding in the lower-cost APAC region to enhance overall efficiency

While RBC Capital notes potential upside from increased adoption of AI-powered PCs extending the upgrade cycle, they express caution regarding tough high-single-digit growth comparisons in the Consumer and Enterprise Solutions segment for fiscal 2026.

Ingram Micro reported third-quarter revenue of $12.6 billion, a 7.2% year-over-year increase, though its earnings per share missed forecasts. Following the results, BofA Securities raised its price target on the company, while RBC Capital lowered its target, citing expectations of slower growth.

SYNNEX (SNX) is the other name on RBC Capital’s list and is preferred over Ingram Micro, with its differentiated services and specialized go-to-market strategy positioned as key growth drivers for calendar year 2026.

The company’s PartnerFirst digital platform is expected to help navigate the challenging comparisons in Enterprise Solutions as the PC refresh cycle matures.

SNX’s growth strategy focuses on developing high-value vendor partnerships, including a successful cybersecurity vendor onboarding that scaled to hundreds of millions within approximately 18 months.

In addition, it is implementing tailored regional approaches that have already yielded double-digit gross billing growth in Latin America, Asia-Pacific, and Japan in Q3 2025, providing solutions-oriented support to customers, and expanding its vendor network while driving adoption of emerging technologies

In recent developments, TD Synnex reported fiscal third-quarter revenue of $15.65 billion, which exceeded company guidance, and also announced the appointment of David Jordan as its new Chief Financial Officer.

The company also launched its AI Pioneers program to help develop talent and address skills shortages in the industry.

As the IT distribution landscape evolves, both companies are positioning themselves to capitalize on higher-margin services and digital transformation initiatives, potentially offsetting the cyclical nature of hardware distribution.

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

Investing.com -- Canada’s main stock index trended higher on Tuesday morning, as an unrelenting surge in gold and silver prices offset a disappointing domestic GDP reading. Mining giants led the gains in Toronto, keeping the benchmark index in record territory during the final full trading session before the Christmas break.

At 12.44 ET, S&P/TSX 60 Futures had gained 1 points, building on Monday’s 0.4% advance.

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The S&P/TSX Composite index was up 26 point at 32,025.40.

Index ended Monday at 32,000.10, a gain of approximately 244 points or 0.77%. This move pushed the index past its previous record of 31,755.82, fueled by a year-end "Santa Rally" and a historic breakout in the metals complex.

Precious metals hit 50th record of the year

Gold and silver miners are expected to drive the TSX higher today as precious metals reach uncharted levels. Gold Futures climbed to a fresh all-time high of $4,530.30/oz on Tuesday, marking the 50th session this year that the yellow metal has set a new record.

Silver Futures also breached the psychological $70/oz mark for the first time, gaining 2.3% to hit a record $70.15/oz. The rally is being sustained by a "perfect storm" of easing bond yields, central bank purchases, and heightened geopolitical risk, specifically linked to U.S. naval activity near Venezuela.

In Monday’s trade, mining heavyweights Barrick Mining Corp (TSX:ABX), Agnico Eagle Mines Limited (TSX:AEM), and Wheaton Precious Metals Corp (TSX:WPM) all posted gains exceeding 2%.

Domestic GDP contraction weighs on sentiment

The bullish move in commodities provided a necessary cushion against weak economic data from Ottawa. Statistics Canada reported Tuesday that real GDP contracted 0.3% in October, missing economist expectations of a 0.2% decline.

The drop was widespread, with 11 of 20 industrial sectors shrinking. Manufacturing fell 1.5%, while a province-wide teachers’ strike in Alberta and a nation-wide postal strike significantly hampered the services sector. Despite the soft October print, a preliminary estimate for November suggests a modest 0.1% rebound, though analysts remain wary of the fourth-quarter outlook.

U.S. "Data Dump" and Novo Nordisk milestone

Across the border, U.S. stock futures gained as investors dissected the release of the delayed Q3 GDP report, showing that the U.S. economy grew at a 4.3% annual rate in the third quarter. Analysts were expecting the Q3 GDP, the value of all goods and services produced across the economy, to grow at an annualized 3.2% pace in the third quarter.

The data, stalled by a 43-day federal government shutdown earlier this year, is the first official look at the pre-shutdown economy. Markets are also awaiting December consumer confidence figures to gauge the resilience of the American shopper.

In corporate news, Novo Nordisk A/S (NYSE:NVO) shares jumped 9% in premarket trade following the historic FDA approval of an oral pill version of its weight-loss drug, Wegovy. The approval of the first-ever oral GLP-1 for weight management is expected to significantly expand the company’s addressable market starting in January 2026.

Oil markets steady as geopolitical risk balances oversupply

Energy prices remained resilient on Tuesday as the market weighed intensifying geopolitical tensions against a backdrop of ample global supply and thin holiday trading volumes.

At 8:50 ET, Crude Oil WTI Futures rose 0.33% to $58.20 a barrel, while Brent Oil Futures gained 0.27% to trade at $62.24 a barrel. Both benchmarks are consolidating after a powerful 2% surge on Monday triggered by the Trump administration’s aggressive "naval blockade" of Venezuelan tankers.

Investing.com -- British stocks edged higher on Tuesday, while the pound strengthened against the dollar, as broader European markets were somewhat mixed.

The blue-chip index FTSE 100 rose 0.2% and the British GBP/USD rose 0.1% against the dollar. Earlier in the session, the GBP/USD rose above the 1.35 mark before pulling back.

The DAX index in Germany rose about 0.2%, and the CAC 40 in France fell 0.2%.

UK round up

Videndum shares plunge on refinancing plan that dilutes shareholders

Videndum PLC (LON:VIDV) stock plunged after the content creation hardware provider announced a refinancing plan that would significantly dilute existing shareholders’ value.

The London-listed company’s shares tumbled 56.6% following the announcement of a proposed refinancing package aimed at reducing its substantial debt burden.

The refinancing plan includes a £70 million equity raise and the conversion of approximately £23 million of debt into equity. Additionally, the company plans to repay about £50 million of its existing revolving credit facility.

BAE Systems price target raised at Morgan Stanley

BAE Systems PLC (LON:BAES) received a price target increase to 2,203p from 2,158p at Morgan Stanley Research in a note published Tuesday.

The adjustment was based on updated estimates and changes in peer valuation multiples, according to the investment bank.

Morgan Stanley maintained its fiscal year 2025 outlook for the defense contractor while making adjustments to its forecasts. These adjustments reflect updated divisional assumptions and recent changes to BAE Systems’ portfolio.

Christie Group stock surges after stronger than expected trading

Christie Group plc (LON:CTG) stock jumped 4.2% after the professional business services firm announced it expects to report stronger full-year performance than previously anticipated, driven by robust trading activity in the final quarter of 2025.

The company cited particularly strong invoicing expected in Q4, with its Christie & Co brand advising on over 1,000 UK business sales or purchases at "markedly improved levels of average fee" compared to 2024. The firm’s international brokerage operations are also on track to deliver strong YoY revenue growth.

Pets at Home names new CEO

Pets at Home Group PLC (LON:PETSP) has appointed James Bailey, the former managing director of Waitrose, as its new chief executive officer.

Bailey will take on the role effective March 30, 2026, the UK pet care retailer announced.

The appointment sent Pets at Home shares up nearly 2% during Tuesday trading. Bailey will succeed the current leadership structure at the company, which has been operating with Ian Burke serving as executive chair since September 18.

Ryanair fined €255 million by Italian regulator for market abuse

Italy’s Competition Authority has imposed a fine of over €255 million on Ryanair DAC and its parent company Ryanair Holdings PLC (NASDAQ:RYAAY) for abusing its dominant market position in the travel market.

The penalty comes after an investigation determined that the airline implemented an abusive strategy against both online and traditional travel agencies. The anti-competitive practices occurred over a two-year period, starting in April 2023 and continuing through at least April 2025.

The Italian regulator found that Ryanair’s actions specifically aimed to hinder travel agencies’ operations in the market, leveraging the airline’s dominant position to create obstacles for these businesses.

Investing.com -- European stocks closed mostly higher on Tuesday, with key regional developments including a jump in Novo Nordisk shares after the drugmaker secured regulatory approval for its GLP-1 obesity pill, and fresh data showing a decline in Tesla’s European sales in November.

The DAX index in Germany and the FTSE 100 in the U.K. both climbed 0.2%, while the CAC 40 in France fell 0.2%.

Europe round up 

Novo Nordisk’s Wegovy pill gets FDA approval

Novo Nordisk A/S (NYSE:NVO) said that the U.S. Food and Drug Administration has approved its Wegovy pill as the first oral glucagon-like peptide-1 (GLP-1) receptor agonist for weight management.

The once-daily oral semaglutide 25 mg pill is approved to reduce excess body weight, maintain weight reduction long-term, and reduce the risk of major adverse cardiovascular events.

Tesla Europe sales contract in November, BYD gains market share

Tesla Inc’s (NASDAQ:TSLA) sales in Europe declined in November while Chinese competitor BYD Co Ltd-H (HK:1211) recorded strong growth and expanded its market share in the region.

Tesla’s sales across the European Union, the Euro Free Trade Association and the UK dropped 11.8% year-on-year to 22,801 units in November, according to data released Tuesday by the European Automobile Manufacturers’ Association.

The American electric vehicle maker’s market share in the region fell to 2.1% from 2.5% a year earlier. Despite the annual decline, Tesla’s November market share represented an improvement from the 0.6% recorded in October.

Meanwhile, BYD posted significant year-on-year growth in the European market, continuing to strengthen its position in the region’s electric vehicle sector.

Norway’s oil output exceeds forecast in November

Norway’s oil production averaged 1.882 million barrels per day in November 2025, surpassing the Norwegian Offshore Directorate’s forecast by 4.3%, according to preliminary figures released Tuesday.

The total petroleum production reached 2.09 million barrels per day, which includes oil, natural gas liquids (NGL), and condensate. NGL contributed 190,000 barrels per day to the total, while condensate added 19,000 barrels daily.

Gas sales for November amounted to 10.8 billion standard cubic meters (GSm3), representing an increase of 0.4 GSm3 compared to October’s figures.

Cevian Capital raises stake in Akzo Nobel

Activist investor Cevian Capital has increased its stake in Dutch paint manufacturer Akzo Nobel NV (AS:AKZO) to 10.15%, according to a filing published Tuesday by the Dutch market regulator AFM.

The filing revealed that the Cevian Capital II GP fund owned the increased stake in the Dulux paints maker as of December 19.

This represents a significant increase in Cevian’s position in the Dutch company, though the filing did not disclose the investor’s previous ownership level.

Ryanair fined €255 million by Italian regulator for market abuse

Italy’s Competition Authority has imposed a fine of over €255 million on Ryanair DAC and its parent company Ryanair Holdings PLC (LON:0RYA) for abusing its dominant market position to obstruct travel agencies.

The penalty comes after an investigation determined that Ryanair had implemented an abusive strategy against both online and traditional travel agencies. The anti-competitive practices occurred over a two-year period, starting in April 2023 and continuing through at least April 2025.

The Italian regulator found that the airline had used its market dominance to hinder travel agencies’ operations, though specific details of the abusive tactics were not provided in the announcement.

Investing.com – U.K. stocks were higher after the close on Tuesday, as gains in the Industrial Metals & Mining, Mobile Telecommunications and Gas, Water & Multiutilities sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 rose 0.24%.

The best performers of the session on the Investing.com United Kingdom 100 were Anglo American PLC (LON:AAL), which rose 3.03% or 88.00 points to trade at 2,993.00 at the close. Meanwhile, Antofagasta PLC (LON:ANTO) added 2.12% or 67.00 points to end at 3,235.00 and BT Group PLC (LON:BT) was up 1.54% or 2.80 points to 185.05 in late trade.

The worst performers of the session were Flutter Entertainment PLC (LON:FLTRF), which fell 3.10% or 515.00 points to trade at 16,105.00 at the close. Diageo PLC (LON:DGE) declined 1.79% or 29.00 points to end at 1,588.00 and Ashtead Group PLC (LON:AHT) was down 1.48% or 78.00 points to 5,192.00.

Rising stocks outnumbered declining ones on the London Stock Exchange by 901 to 813 and 586 ended unchanged.

Shares in Antofagasta PLC (LON:ANTO) rose to all time highs; rising 2.12% or 67.00 to 3,235.00. Shares in Diageo PLC (LON:DGE) fell to 5-year lows; falling 1.79% or 29.00 to 1,588.00.

Gold Futures for February delivery was up 0.74% or 32.90 to $4,502.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.22% or 0.13 to hit $58.14 a barrel, while the February Brent oil contract rose 0.16% or 0.10 to trade at $62.17 a barrel.

GBP/USD was unchanged 0.15% to 1.35, while EUR/GBP unchanged 0.01% to 0.87.

The US Dollar Index Futures was down 0.21% at 97.75.

Investing.com – Portugal stocks were lower after the close on Tuesday, as losses in the Industrials, Consumer Services and Financials sectors led shares lower.

At the close in Lisbon, the PSI declined 0.27%.

The best performers of the session on the PSI were Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE), which rose 0.63% or 0.02 points to trade at 3.19 at the close. Meanwhile, Semapa (ELI:SEM) added 0.48% or 0.10 points to end at 20.80 and Corticeira Amorim (ELI:CORA) was up 0.45% or 0.03 points to 6.64 in late trade.

The worst performers of the session were Teixeira Duarte (ELI:TDSA), which fell 3.32% or 0.02 points to trade at 0.64 at the close. Mota Engil SGPS SA (ELI:MOTA) declined 2.71% or 0.14 points to end at 5.02 and CTT Correios de Portugal SA (ELI:CTT) was down 0.81% or 0.06 points to 7.34.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 19 to 9 and 5 ended unchanged.

Shares in Semapa (ELI:SEM) rose to 5-year highs; gaining 0.48% or 0.10 to 20.80.

Brent oil for February delivery was up 0.13% or 0.08 to $62.15 a barrel. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.21% or 0.12 to hit $58.13 a barrel, while the February Gold Futures contract rose 0.80% or 35.80 to trade at $4,505.20 a troy ounce.

EUR/USD was unchanged 0.18% to 1.18, while EUR/GBP unchanged 0.01% to 0.87.

The US Dollar Index Futures was down 0.23% at 97.73.