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Why It Moves

Why UiPath (PATH) Stock Is Trading Up Today

Shares of automation software company UiPath (NYSE:PATH) jumped 5.2% in the afternoon session as equities soared (Nasdaq +1.2%, S&P 500 +0.9%) after The Bureau of Labor Statistics reported nonfarm payrolls for September 2024, which exceeded expectations. Notably, nonfarm payrolls increased by 254,000, significantly surpassing the consensus estimate of 150,000. In addition, the unemployment rate clocked in at 4.1%, slightly below analysts' expectations of 4.2%. 

Oct 04, 2024
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Why It Moves

Atlassian (TEAM) Shares Skyrocket, What You Need To Know

Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 5.4% in the afternoon session as equities soared (Nasdaq +1.2%, S&P 500 +0.9%) after The Bureau of Labor Statistics reported nonfarm payrolls for September 2024, which exceeded expectations. Notably, nonfarm payrolls increased by 254,000, significantly surpassing the consensus estimate of 150,000. In addition, the unemployment rate clocked in at 4.1%, slightly below analysts' expectations of 4.2%. 

Oct 04, 2024
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Why It Moves

Why Rivian (RIVN) Shares Are Falling Today

Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 9.4% in the morning session after the company cut its annual (2024) production estimate to between 47,000 and 49,000 vehicles (versus its prior guidance of 57,000 vehicles). Rivian cited supply chain issues partly caused by a shortage of components used to make some of its vehicles. The company also reported third-quarter production and delivery numbers, which fell short of consensus estimates. Overall, the updates suggest the Rivian might struggle to hit its sales targets heading into the last quarter of the year.

Oct 04, 2024
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Why It Moves

Tesla (TSLA) Shares Skyrocket, What You Need To Know

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4.2% in the morning session after equities soared (Nasdaq +0.9%, S&P 500 +0.55%) after The Bureau of Labor Statistics reported nonfarm payrolls for September 2024, which exceeded expectations. Notably, nonfarm payrolls increased by 254,000, significantly surpassing the consensus estimate of 150,000. In addition, the unemployment rate clocked in at 4.1%, slightly below analysts' expectations of 4.2%. 

Oct 04, 2024
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Why It Moves

Why Abercrombie and Fitch (ANF) Stock Is Up Today

Shares of young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) jumped 9.1% in the morning session after JPMorgan analyst Matthew Boss added the stock to its positive catalyst watch list. The analyst also raised the stock's price target and third-quarter earnings estimate. Boss cited the reason for the upgrade, adding, "Its brands, which include Hollister, showed momentum during the recent back-to-school shopping season."

Oct 04, 2024
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Why It Moves

Amazon (AMZN) Stock Trades Up, Here Is Why

Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 3.1% in the morning session as equities soared (Nasdaq +0.9%, S&P 500 +0.55%) after The Bureau of Labor Statistics reported nonfarm payrolls for September 2024, which exceeded expectations. Notably, nonfarm payrolls increased by 254,000, significantly surpassing the consensus estimate of 150,000. In addition, the unemployment rate clocked in at 4.1%, slightly below analysts' expectations of 4.2%. 

Oct 04, 2024
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Why It Moves

Why Sweetgreen (SG) Stock Is Trading Up Today

Shares of casual salad chain Sweetgreen (NYSE:SG) jumped 5.4% in the morning session as equities soared (Nasdaq +0.9%, S&P 500 +0.55%) after The Bureau of Labor Statistics reported nonfarm payrolls for September 2024, which exceeded expectations. Notably, nonfarm payrolls increased by 254,000, significantly surpassing the consensus estimate of 150,000. In addition, the unemployment rate clocked in at 4.1%, slightly below analysts' expectations of 4.2%. 

Oct 04, 2024
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Earnings

Apogee (NASDAQ:APOG) Surprises With Q3 Sales

Architectural products company Apogee (NASDAQ:APOG) announced better-than-expected revenue in Q3 CY2024, but sales fell 3.2% year on year to $342.4 million. Its GAAP profit of $1.40 per share was also 20.3% above analysts’ consensus estimates.

Oct 04, 2024
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Post-Earnings

Traditional Fast Food Stocks Q2 In Review: Yum China (NYSE:YUMC) Vs Peers

Wrapping up Q2 earnings, we look at the numbers and key takeaways for the traditional fast food stocks, including Yum China (NYSE:YUMC) and its peers.

Oct 04, 2024
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Post-Earnings

Spotting Winners: Wabash (NYSE:WNC) And Heavy Transportation Equipment Stocks In Q2

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Wabash (NYSE:WNC) and the rest of the heavy transportation equipment stocks fared in Q2.

Oct 04, 2024