Stocks @ Night is a daily newsletter that provides a snapshot of the market after hours, shedding light on what to expect the next trading session. The newsletter covers a range of stocks and companies, highlighting their performance and any significant news or developments that may impact their value.
In the latest issue of Stocks @ Night, several companies were highlighted for their performance. E.l.f. Beauty, for example, reported an impressive 50% gain in sales in its fiscal first quarter, following a 76% jump in the previous year. Despite this positive news, the company cautioned about higher container and transportation costs in the future, leading to a drop in its stock price after hours. On the other hand, Paramount Global saw a post-market surge of 5%, driven by its streaming division’s profitability. However, the company also announced a significant workforce reduction as part of cost-saving measures.
The newsletter also mentioned the stock movements of companies like Sweetgreen, Dropbox, and Archer Aviation. While Sweetgreen experienced a significant surge of over 20% after hours and raised its sales outlook, it missed earnings estimates. Dropbox, on the other hand, saw a 3% increase in after-hours trading after beating earnings and revenue expectations. In contrast, Archer Aviation tumbled after reporting quarterly results and unveiling plans for a future Los Angeles air taxi network.
Stocks @ Night also touched upon market trends and predictions. The newsletter mentioned a potential rate cut by the Federal Reserve and recommended various bond funds for investors to consider. Additionally, the stock performances of tech giants like Nvidia, Meta Platforms, Tesla, and others were highlighted. The S&P 500 experienced its best session, with the tech sector leading the way.
One of the noteworthy incidents covered in the newsletter was the tech outage experienced by CrowdStrike last month. The stock price experienced a decline, prompting “Fast Money” trader Karen Finerman to open a position in the company, believing the sell-off was exaggerated. CrowdStrike’s relative strength index (RSI) was also mentioned, indicating a potential oversold condition.
Overall, Stocks @ Night provides a comprehensive overview of the stock market activity after hours, offering insights into company performance, stock movements, market trends, and notable incidents. While the newsletter offers valuable information for investors and traders, it is essential to critically analyze the data presented and conduct further research before making any investment decisions.