Dow Down Nearly 630 Points, Goldman Sachs CEOs Take Center Stage: Which Stocks Will Move Wednesday?

The Dow Jones plummeted nearly 630 points on Tuesday, driven by rising oil prices, according to CNBC. This sharp decline comes just ahead of the Goldman Sachs conference, where several technology and industrial company CEOs will speak. Investors are already eyeing the stocks that could react based on CEO comments.

IonQ Up 7% in a Week, at 52% of Its October 2025 High

Niccolò de Masi, IonQ's CEO, will be speaking at the Goldman Sachs conference, giving participants an overview of the company's quantum computing strategy. IonQ shares have gained 7% over the past week, though they remain at 52% of their October 2025 high, according to CNBC. This performance reflects a renewed interest in quantum computing technologies, even as the stock remains far from its historical peak.

Meanwhile, Martin Marietta's CEO, C. Howard Nye, will also speak, as the stock has dropped 28% from its February high and fallen about 18% in 2026. The combination of these two appearances could create a sharp contrast between IonQ's growth prospects and Martin Marietta's challenges, influencing sector movements within the S&P 500.

Wells Fargo Gains 2% in September, CEO Speaks in Boston

Charlie Scharf, Wells Fargo's CEO, will appear live on "Squawk on the Street" at 10 a.m. ET after participating in a health conference in Boston. The bank's shares are at 10% of their January high and have risen nearly 2% in September, according to CNBC. This increased visibility could support the stock, especially if Scharf highlights stable revenue outlooks in the banking sector.

Markets also await Scharf's comments on interest rates and Fed policy, which remain key factors for U.S. banks. A reassuring tone could boost investor confidence, while a cautious outlook could temper the stock's rebound.

Chewy Rallies 15% Over Three Months but Lags 46% Below Its September High

Online retailer Chewy has seen a 15% rise over the past three months, though the stock remains 46% below its September high. This dynamic shows a partial recovery after a correction period, according to CNBC. Investors are closely watching margins and the company's ability to convert customer growth into sustainable profitability.

Meanwhile, Signet Jewelers has seen its shares drop 2% over three months, with a 25% decline from its October 2025 high. The divergence between these two consumer sector stocks could create opportunities for sector rotation, with traders looking to capitalize on performance gaps.

AT&T Down 14% Since September High, CEO Speaks at GS Conference

John Stankey, AT&T's CEO, will speak at the Goldman Sachs Communacopia and Technology conference in San Francisco. The telecom giant's shares are down 14% from their September high but have risen 7.6% in the prior month, according to CNBC. This appearance could clarify the company's strategy amid 5G transition challenges and competitive pressures.

Analysts await insights on infrastructure investments and fiber optic service profitability. Positive commentary could support the stock, while margin warnings could exacerbate existing downward pressure.

Lululemon Down 55% Since December, Jim Cramer Warns Against Buying

Jim Cramer, host of "Mad Money," has advised viewers to stay away from Lululemon Athletica, arguing the company isn't executing its goals despite its size. The stock has fallen 55% since its December high and dropped about 20% in the past month, according to CNBC. This warning could intensify short selling, especially if investors weigh Cramer's comments.

The athletic retail sector remains sensitive to consumer trends and supply chain performance. A stronger push from Cramer could prompt other analysts to reassess their positions, increasing volatility around the stock.

Marvell Targets $15-$16B in Data Center Revenue by 2027, Shares Up 6.5% in September

Marvell Technology's CEO, Matt Murphy, said the company is "in great shape" and expects to generate $15-$16 billion in data center revenue next year. The shares have risen 6.5% in September, though they remain down 31% from their mid-June peak, according to CNBC. This growth ambition reflects sustained demand for high-performance chips in data centers.

Investors await details on technological partnerships and production capabilities, as well as how Marvell plans to capture market share against competitors like Nvidia. Confirmation of these goals could drive capital inflows, while a downward revision could trigger a correction.

In summary, Wednesday's trading session will be driven by Goldman Sachs CEO remarks, Dow volatility following oil price hikes, and contrasting performances from technology and consumer stocks. The movements of these key shares, combined with CEO commentary, will determine the market's direction.