Here’s what’s shaping up to influence the market in the next trading session:
E.l.f. Beauty
E.l.f. Beauty surpassed Wall Street’s expectations with a 50% sales increase in its fiscal Q1, following a 76% rise last year. However, the company anticipates higher costs in FY25, which led to a 10% drop in after-hours trading despite a 3.4% gain during the regular session.
Paramount Global
Shares of Paramount Global rose 5% after hours, bouncing back from a 2.4% decline during the day. The company’s streaming division achieved an unexpected profit, and it plans to cut 15% of its U.S. workforce to drive cost savings.
Sweetgreen
Sweetgreen’s shares soared over 20% in after-hours trading following an improved full-year sales outlook. Despite missing earnings estimates with a loss of 13 cents per share versus the expected 10 cents, revenue hit $185 million, surpassing projections.
Dropbox
Dropbox gained 3% after hours, boosted by strong earnings and revenue reports that beat expectations.
Archer Aviation
Archer Aviation’s stock fell sharply after reporting quarterly results and announcing plans for a Los Angeles air taxi network starting in 2026.
Home Renovations
Home Depot’s stock is down 2% this week and 12% from its March high, while Lowe’s is 10% below its peak, down 1.7% this week but up 6% year-to-date. CNBC’s Diana Olick will cover a recent rise in home renovations on Friday.
Bonds
With potential Federal Reserve rate cuts on the horizon, investors might seek new yield sources. Consider core and core-plus bond funds like Vanguard’s Core Bond Fund (VCORX) with a 30-day SEC yield of 4.47%, Fidelity’s Intermediate Bond Fund (FTHRX) at 4.32%, Vanguard’s Core-Plus Bond Fund (VCPIX) at 4.66%, Baird’s Aggregate Bond Fund (BAGIX) at 4.32%, and BlackRock’s Total Return ETF (BRTR) at 4.97%.
Magnificent Seven Stocks
- Nvidia: Up 6%, still 25% off its June 20 high.
- Meta Platforms: Increased by 4.2%, 6% below its July 8 high.
- Tesla: Rose 3.7%, 28.7% from its September peak.
- Alphabet: Up nearly 2%, 15.5% from the July high.
- Amazon: Gained 1.86%, 17.6% from the July high.
- Apple: Up about 1.7%, 10% from the July high.
- Microsoft: Closed 1% higher, 14% from the early July high.
S&P 500
The S&P 500 enjoyed its best day since November 2022, driven by a rally in tech stocks, which led the sector performance, followed by Communication Services.
Delta Air Lines and CrowdStrike
Delta reported a $380 million loss linked to a CrowdStrike tech outage. CrowdStrike disputed Delta’s claims, calling them misleading. CrowdStrike’s stock increased 4.27% on Thursday, though it remains 40% below its July 9 high.
Cosmetics Sector
E.l.f. Beauty’s stock saw a 30% rise year-to-date and is 15% from its March high, despite recent declines. Ulta Beauty is 43% below its March high, Estee Lauder is down 45% over the past year, and Coty is 30% off its February peak.
I’m a finance writer with three years of experience in investment analysis. At Investorwelcome , I translate complex financial concepts into clear, actionable insights to help investors navigate the market with confidence. Combining my solid academic background with practical industry knowledge, I’m dedicated to providing readers with accurate and timely information. My goal is to empower both new and seasoned investors by simplifying intricate data and offering strategic advice. When I’m not writing, I stay engaged with market trends and investment innovations to ensure my content remains relevant and valuable.
