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NEWS
The Market Of Stocks Returns

Source: Tenor.com

Performance among indivdiual stocks continues to deviate, as the major indexes chop around in their recent ranges. With buyers and sellers lacking a clear catalyst to take control of the market, individual earnings and news is ruling the day as investors look for opportunities and traders cash in on the volatility. 👀 

Today’s issue covers Super Micro’s latest surprise, Upstart and others getting a Lyft after earnings, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 9 of 11 sectors closed green, with consumer staples (+0.96%) leading and consumer discretionary (-1.14%) lagging.

Source: Finviz.com

And here are the closing prices: 

EARNINGS
Super Micro’s Latest Surprise 🤔 

Super Micro Computer delivered a business update on its fiscal second-quarter, posting adjusted earnings per share of $0.58 to $0.60 per share on revenues of $5.6 to $5.7 billion. Those measures were below the consensus views of $0.61 and $5.77 billion.

Additionally, its revenue guidance of $5 to $6 billion for the current quarter is unlikely to meet the $5.92 billion Wall Street estimate. Notably, the company said it expects to file its 10-K for the year ended June 30, 2024 and 10-Q for the quarter ended September, 2024 by the Nasdaq’s February 25th deadline. 🗓️ 

CEO Charles Liang said the company is paving the way for $40 billion in revenue during fiscal 2026 (well above the $29.2 billion consensus view), even though fiscal 2025’s revenue missed estimates by a wide margin. 🙃 

Shares surged 8% after the bell on this optimistic outlook. However, a minority of users feel more cautious, waiting to see if the company can actually meet its deadlines to file audited financial statements.

A Stocktwits poll indicates that two-thirds of the 3,700+ respondents view today’s $700 million convertible note offering as a positive. With the Nasdaq’s deadline approaching, time will tell if the optimism pays off! 🤷 

Source: Stocktwits

By the way, have you seen the earnings recaps we’ve begun rolling out on Stocktwits? AI earnings summaries are coming soon for all major earnings events, making Stocktwits the premiere spot to listen to earnings calls, get a recap of the results, and discuss the trade with other active investors and traders. Check it out! 👇️ 

Source: Stocktwits

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STOCKS
Other Noteworthy Pops & Drops 📋️ 

Lattice Semiconductor ($LSCC +9%): The chipmaker received several price target hikes after reporting slightly-above-consensus guidance and improved bookings.

GlobalFoundries ($GFS +6%): The chipmaker’s earnings and revenue barely topped estimates, with data center and automotive segments growing 18% and 30% YoY.

Redwire Corp ($RWD -6%): The space infrastructure firm announced that Orion Space Solutions has awarded an order to deliver a Mako spacecraft to support Tetra-6, a U.S. Space Force (USSF) Space Systems Command (SSC) mission.

Phillips 66 ($PSX +4%): Reports surfaced that activist investor Elliott Investment Management has built a stake in the oil refiner valued at more than $2.5 billion and plans to push the company to sell or spin off its midstream business.

DuPont de Nemours ($DD +7%): The chemical giant’s earnings and revenue topped estimates, with its electronics and industrial unit posting 10.6% YoY growth.

IonQ ($IONQ): The company announced a new collaboration with General Dynamics Corp. to gain further inroads into the federal government and defense sectors.

Cyngn ($CYN -25%): On Friday, the autonomous driving software maker disclosed stakes owned by New York-based hedge fund manager Michael Bigger and his funds in a Schedule 13G/A filing.

Astera Labs ($ALAB -10%): The AI connectivity solutions provider’s earnings and revenue topped estimates on “robust demand” for its Aries PCIe Retimer products.

Tesla ($TSLA -7%): Shares fell for a fifth straight session, as investors lose confidence in CEO Elon Musk’s ability to address declining sales across key regions.

Humana ($HUM -4%): The healthcare insuer giant’s fourth-quarter earnings missed estimates, as its benefits expense ratio rose from 90.7% last year to 91.5%.

Vertex Pharmaceuticals ($VRTX -3%): The biotech giant received multiple price target hikes after its earnings missed estimates, but revenue forecasts beating.

Travere Therapeutics ($TVTX +13%): Plans to seek full FDA approval for Filspari in treating focal segmental glomerulosclerosis (FSGS), a rare kidney disorder.

Paysafe ($PSFE -17%): The payments platform’s preliminary fourth-quarter earnings disappointed and it plans to sell its direct marketing payment processing business.

S&P Global Inc. ($SPGI +5%): THe ratings agency’s fourth-quarter earnings and revenue topped estimates, maintaining its target of returning 85% or more of adjusted free cash flow to shareholders through dividends and share repurchases.

Fidelity National Information Services ($FIS -11%): Fourth-quarter revenue fell short of estimates and its outlook disappointed investors.

Carlyle Group ($CG -4%): The alternative asset manager’s earnings missed estimates.

Cardano ($ADA.X +10%): The surge came after Grayscale Investments applied with the U.S. Securities and Exchange Commission (SEC) to list a Cardano exchange-traded fund (ETF) on the New York Stock Exchange (NYSE).

EARNINGS
Upstart Gets A Major Lyft After Earnings 🤩 

Several popular stocks are popping on after-hours earnings, so let’s quickly recap!

Fintech lender Upstart Holdings is soaring 26% after the bell following better-than-expected earnings and revenues. Its first-quarter revenue guidance topped estimates, with analysts liking strong origination volumes and positive adjusted EBITDA. 🏦 

Rideshare giant Lyft is falling 10% after its revenue and earnings topped estimates, but first-quarter guidance disappointed. Lower pricing and the loss of a key partnership are anticipated to weigh on bookings growth. 🚘️ 

Doordash is dashing higher by 6% as higher-than-expected revenues offset an earnings miss. Management anticipates some deceleration in first-quarter 2025 due to marco factors and tough YoY comps, but signaled that new verticals like grocery and convenience exhibited strong growth. 🚴 

Zillow is sinking 6% after its fourth-quarter revenue topped estimates, but earnings missed. Its outlook for a subdued housing market in 2025 weighed on the stock, as higher rates and record prices freeze activity in many key markets. 🏘️ 

PRESENTED BY STOCKTWITS
“Trends With Friends” Discuss Golf’s Disruption 🏌️ 

Howard, Phil, and Michael are joined by Jimmy Hoselton, founder of Grass Clippings. Today’s discussion breaks down the massive shift in golf, AI, and global tech power dynamics impacting the game and markets.

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Consumer Price Index (8:30 am ET), Fed Chair Powell Testimony (10:00 am ET), EIA Energy Inventories (10:30 am ET), Fed Bostic Speech (12:00 pm ET), Monthly Budget Statement (2:00 pm ET), Fed Waller Speech (5:05 pm ET). 📊

Pre-Market Earnings: Barrick Gold ($GOLD), CVS Health ($CVS), Biogen ($BIIB), Anavex Life Sciences ($AVXL), Kraft Heinz ($KHC), Vertiv Holdings ($VRT). 🛏️

After-Hour Earnings: Robinhood ($HOOD), Reddit ($RDDT), QuantumScape ($QS), Cisco Systems ($CSCO), Fastly ($FSLY), Trade Desk ($TTD), Paycom Software ($PAYC), Upwrok ($UPWK), AppLovin ($APP), MGM Resorts ($MGM), Albermarle ($ALB). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

🐭 Exclusive: Disney making changes to its DEI efforts

⛈️ SEC announces it will not defend climate disclosure rule

💰️ Novartis signs agreement to acquire Anthos for $925m upfront

🤖 Anduril to take over Microsoft’s $22 billion U.S. Army headset program

⚡️ A Chinese EV giant is now offering free driver assistance tech on cars under $10,000

📆 Google Calendar removed events like Pride and BHM because its holiday list wasn’t ‘sustainable’

🧑‍💼 Meta lays off 4K workers in performance-based spree — as some claim they received glowing reviews just last year: report

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