Today's Pre-Market Movers and Top Ratings | RGTI, QMCO, M and More
Wednesday, Dec 11, 2024 8:27 am ET
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As the market prepares for another day of trading, several stocks are making waves in the pre-market session, driven by a mix of earnings reports, analyst ratings, and market trends. Let's take a closer look at some of the key movers and top ratings that are catching investors' attention.
Rigetti Computing (RGTI) is one of the standout performers in the pre-market session, with shares surging by 9.09% to $2.40. The company, which specializes in quantum computing, has seen a significant increase in investor interest following a series of strategic partnerships and technological advancements. Analysts have taken notice, with an average price target of $3.0, indicating a 9.09% increase from the previous average. This bullish sentiment can be attributed to RGTI's strong financial performance and growth prospects, as well as its innovative quantum computing technology.
Quantum Computing Inc (QMCO) is another stock that is generating buzz in the pre-market session, with shares up by 5.00% to $1.20. The company's focus on quantum computing solutions has positioned it well in the rapidly growing quantum computing sector. Analysts have a positive outlook on QMCO, with an average price target of $1.50, reflecting their confidence in the company's long-term growth potential.
Macy's (M) is also making headlines in the pre-market session, with shares down by 10.20% to $16.72. The department store retailer has been grappling with a series of challenges, including an accounting scandal and a revision to its fiscal 2024 guidance. Despite these setbacks, analysts remain optimistic about Macy's long-term prospects, with an average price target of $25.72. This suggests that investors may see the recent dip in Macy's stock as a buying opportunity.

As investors continue to monitor the market for signs of a Trump Trade resurgence, several stocks are poised to benefit from the perception of a potential Trump victory. Bank stocks, in particular, have seen a notable rally, with the KBW Bank Index up by 1.5% in the pre-market session. This trend reflects investors' expectations of lower taxes and less regulation under a Trump administration.
In conclusion, today's pre-market session is marked by a mix of earnings-driven moves and analyst ratings, with Rigetti Computing (RGTI) and Quantum Computing Inc (QMCO) leading the way among tech stocks. Meanwhile, Macy's (M) is grappling with a series of challenges, but analysts remain optimistic about the company's long-term prospects. As investors continue to monitor the market for signs of a Trump Trade resurgence, several stocks are poised to benefit from the perception of a potential Trump victory.