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WD-40 (NASDAQ:WDFC) Surprises With Q4 Sales, Stock Soars
Household products company WD-40 (NASDAQ:WDFC) announced better-than-expected revenue in Q4 CY2024, with sales up 9.3% year on year to $153.5 million. On the other hand, the company’s full-year revenue guidance of $615 million at the midpoint came in 1.3% below analysts’ estimates. Its GAAP profit of $1.39 per share was 10.3% above analysts’ consensus estimates.
Why C3.ai (AI) Shares Are Getting Obliterated Today
Shares of artificial intelligence (AI) software company C3.ai (NYSE:AI) fell 5.7% in the morning session after the major indices tumbled (Nasdaq down 1.1%, S&P 500 down 1.0%) while yields soared, as the Bureau of Labor Statistics reported non-farm payrolls for the month of December 2024, which was stronger than expected, raising concerns the Fed might hold rates at the current levels for longer. Payrolls jumped by 256,000, far surpassing analysts' forecasts of a 155,000 gain. Meanwhile, the unemployment rate dipped slightly to 4.1%, signaling resilience in the U.S. job market. While the data can be interpreted as good news for the U.S. economy, it casts uncertainty over assets like stocks. Investors now view the robust jobs data as further justification for the Fed to maintain its current rate stance in upcoming policy meetings.
Why Stitch Fix (SFIX) Shares Are Plunging Today
Shares of personalized clothing company Stitch Fix (NASDAQ:SFIX) fell 11.2% in the morning session after the major indices tumbled (Nasdaq down 1.1%, S&P 500 down 1.0%) while yields soared, as the Bureau of Labor Statistics reported non-farm payrolls for the month of December 2024, which was stronger than expected, raising concerns the Fed might hold rates at the current levels for longer. Payrolls jumped by 256,000, far surpassing analysts' forecasts of a 155,000 gain. Meanwhile, the unemployment rate dipped slightly to 4.1%, signaling resilience in the U.S. job market. While the data can be interpreted as good news for the U.S. economy, it casts uncertainty over assets like stocks. Investors now view the robust jobs data as further justification for the Fed to maintain its current rate stance in upcoming policy meetings.
Why Tilray (TLRY) Shares Are Plunging Today
Shares of cannabis company Tilray Brands (NASDAQ:TLRY) fell 13.5% in the morning session after the company reported underwhelming fourth quarter results. Its revenue and EBITDA missed significantly, and its gross margin fell short of Wall Street's estimates. Also, the company recorded significant operating losses and continued to burn cash. On the other hand, revenue guidance for 2025 came in ahead of expectations, though sales are partly benefiting from recent acquisitions following the company's expansion to the beverage market, which suggests organic growth is not as strong. Zooming out, we think this was a mixed quarter. The market seemed to focus on the negatives, and the stock traded down.
Why Snap (SNAP) Stock Is Up Today
Shares of social network Snapchat (NYSE: SNAP) jumped 8.5% in the morning session after social media stocks rose ahead of the Supreme Court's decision on the potential ban of TikTok in the United States. On January 19, 2025, a decision is expected to confirm if the social media platform owned by ByteDance would have to sell its TikTok assets, a move which could result in less competition for other players, including Snap.
Why ON Semiconductor (ON) Stock Is Falling Today
Shares of analog chips maker ON Semiconductor (NASDAQ:ON) fell 7.8% in the morning session after Truist analyst downgraded the stock's rating from Buy to Hold and lowered the price target from $85 to $60, citing weaker demand trends. Following a meeting with ON, the analysts added, "Management indicated that the business it intended to exit over the last couple of years will come to fruition this year, further pressuring revenue and, in turn, margins.".
Why Unity (U) Stock Is Falling Today
Shares of game engine maker Unity (NYSE:U) fell 7.4% in the afternoon session after the major indices tumbled (Nasdaq down 2%, S&P 500 down 1.8%) while yields soared, as the Bureau of Labor Statistics reported non-farm payrolls for the month of December 2024, which was stronger than expected, raising concerns the Fed might hold rates at the current levels for longer. Payrolls jumped by 256,000, far surpassing analysts' forecasts of a 155,000 gain. Meanwhile, the unemployment rate dipped slightly to 4.1%, signaling resilience in the U.S. job market. While the data can be interpreted as good news for the U.S. economy, it casts uncertainty over assets like stocks. Investors now view the robust jobs data as further justification for the Fed to maintain its current rate stance in upcoming policy meetings.
FTAI Aviation (FTAI) Shares Skyrocket, What You Need To Know
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 6.3% in the morning session after Wolfe analyst Myles Walton upgraded the stock's rating from Hold to Buy and assigned a price target of $190. The new price target represents a potential 10% upside from where shares traded before the upgrade was announced. The upgrade is based on the potential for earnings to increase as the analyst discounted some initial concerns regarding the business following the announcement of FTAI's strategic Capital Investment in the previous week.
Why AMD (AMD) Shares Are Plunging Today
Shares of computer processor maker AMD (NASDAQ:AMD) fell 5.9% in the morning session after Goldman Sachs analyst Toshiya Hari downgraded the stock from Buy to Neutral and lowered the price target from $175 to $129. The downgrade was driven by what the analyst considers a more modest demand outlook for AMD's PCs, servers, and data center graphics processing unit (GPUs) amid growing competition.
Why Is Delta Air Lines (DAL) Stock Soaring Today
Shares of global airline Delta Air Lines (NYSE:DAL) jumped 10% in the morning session after the company reported fourth-quarter results and issued upbeat revenue guidance for the next quarter, surpassing analysts' forecasts due to expectations of continued strong demand for travel. Revenue exceeded Wall Street's expectations as demand accelerated throughout the quarter, fueling the company's positive outlook. On the other hand, its EPS missed significantly and its EBITDA fell short of Wall Street's estimates. Overall, this quarter was mixed but still had some key positives.