Check out the companies that are trending in intraday trading. DONALD TRUMP TRADING — Individual stocks seen as trading related to Donald Trump's election odds soared as the Republican Party secured a return to the White House. Trump Media & Technology, which is majority owned by Trump himself, soared nearly 5%. Tesla, whose CEO publicly supported the president-elect, soared more than 14%. Phunware, which runs the campaign's app, rose 5%. Cryptocurrency stocks — Cryptocurrency-related stocks soared as investors bet that Trump's presidency would lead to a more supportive regulatory environment. Coinbase's stock price rose 28%, while MicroStrategy rose about 12% as Bitcoin rose to an all-time high. Bank stocks — Major banks broadly rallied on the back of Trump's victory in the presidential election. Investors are betting his presidency will ease regulations and allow for more mergers and acquisitions across the industry. Citigroup and Bank of America rose more than 9% and 8%, respectively. Goldman Sachs and Wells Fargo rose 12% and 14%, respectively. CVS Health — The pharmacy retailer soared 10% after CVS posted third-quarter sales of $95.43 billion. The figure beat consensus estimates of $92.75 billion, according to LSEG. Meanwhile, CVS' adjusted earnings per share were $1.09, lower than analysts' expectations of $1.51. Clean Energy — Clean energy stocks rose as investors bet that Trump's inauguration could lead to an overhaul of recent industry reforms and advances, including repealing President Joe Biden's anti-inflation law. fell. Plug Power fell more than 23%, and Sunrun fell nearly 29%. SolarEdge Technologies fell about 20%. Enphase Energy was last down about 17%. Novo Nordisk — The Danish drugmaker's U.S.-listed shares fell 3%. Novo Nordisk reported third-quarter net income that beat analysts' expectations. Sales of the company's weight loss drug Wegoby also increased by 79% year-on-year in the third quarter of 2024. Private prison stocks, Geo Group and CoreCivic, soared 39% and 29%, respectively, after Trump won the White House after pledging to mass deport illegal immigrants. Marijuana Stocks — Stocks of cannabis companies fell after voters rejected a Florida ballot measure that would have legalized the sale and use of marijuana in the state. Tilray fell 14%, while U.S.-listed shares of Canada-based Aurora Cannabis and Canopy Growth fell 18% and 23%, respectively. Supermicrocomputer — Shares fell 24% after the beleaguered computer server maker gave a December quarter revenue estimate of $5.5 billion to $6.1 billion, below analysts' expectations. Supermicro's adjusted earnings per share outlook also fell short of Street expectations. The company did not know when it would file its annual results for its latest financial year, but said it was “working urgently to bring its financial reports up to date again.” Retail Stocks — Stocks of retailers with Chinese sourcing exposure fell Wednesday following President Trump's reelection. President Trump's proposed universal tariffs could lead to higher import prices. Given these tariff concerns, Bank of America downgraded Five Below from neutral to underperform and Yeti from buy to neutral. Shares of Five Below and Yeti fell about 7% and 9%, respectively. Dollar Tree and Dollar General also fell about 9% and 5%, respectively. Planet Fitness — Shares soared about 6% after CNBC reported, citing court filings, that the fitness chain wants to acquire bankrupt budget fitness chain Blink Holdings. Steel Stocks — U.S.-based steel stocks rose on the back of President Trump's victory. He imposed tariffs that could ultimately benefit U.S. steel prices. Shares of Nucor and Cleveland-Cliffs rose 16% and 21%, respectively, and United States Steel rose 10%. —CNBC's Michelle Fox, Alex Harring, Ha-Kyung Kim, Sara Min and Samantha Soobin contributed reporting.
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