CVS Rises, Carvana and Ares Management Rally Before Joining S&P
On this episode of Stock Movers:
- CVS (CVS) shares rise after the company raised its full-year profit forecast and said earnings would rise in 2026. It's a sign of hope as it navigates a turbulent retail environment and government scrutiny across the health care industry.
- Carvana (CVNA) rallied as much as 2.4%, putting the used-car retailer on track to extend gains for an 11th-consecutive session, matching a record rally set six years ago. On Monday, the stock jumped 12% following news it will join the S&P 500 Index starting Dec. 22.
- Ares Management (ARES) surged as much as 9.4% Tuesday after an announcement that the stock will replace Kellanova in the S&P 500, effective Dec. 11.
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