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Why Is Reddit (RDDT) Stock Rocketing Higher Today
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 7.8% in the morning session after the major indices soared (Nasdaq +1.9%, S&P 500 +1.6%) after the Bureau of Labor Statistics reported that core CPI (Consumer Price Index - a measure of inflation which strips out volatile food and energy prices) for December 2024 came in better than expected, rising 3.2% year over year, compared to the consensus estimate for a 3.3% increase. This means that PPI and CPI both came in slightly below expectations. It is important because the results take additional rate hikes off the table, which some investors and market participants were beginning to whisper about.
Why nLIGHT (LASR) Shares Are Plunging Today
Shares of laser company nLIGHT (NASDAQ:LASR) fell 17.1% in the afternoon session after the company reported underwhelming preliminary fourth quarter results, with sales expected to fall below the previous guidance range. Precisely, LASR expects Q4 2024 revenues of $46 million to $48 million (vs. previous estimates of $49 million to $54 million). The company blamed the weakness on "continued weakness in our industrial markets, execution challenges in our microfabrication business, and the timing of the delivery of a limited number of defense products." Consequently, profit indicators, including gross margin and adjusted EBITDA, are also expected to fall significantly below previous estimates. Overall, the results aren't encouraging and indicate challenging times ahead.
Why Is JLL (JLL) Stock Rocketing Higher Today
Shares of real estate firm JLL (NYSE:JLL) jumped 7.5% in the afternoon session after the company secured over $1.2 billion in construction financing for four hyperscale data center campuses in Northern Virginia on behalf of The BlackChamber Group. Management added "We are seeing incredible demand for data centers with the consistent appetite from Cloud, AI and Enterprise tenants and this in turn has created a larger focus from various capital sources."
Why FTAI Aviation (FTAI) Stock Is Falling Today
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) fell 7.4% in the afternoon session after Muddy Waters, a research firm known for short reports and bets that stocks are overvalued, published a report on FTAI. Muddy Waters claims that FTAI Aviation has been recording one-time engine sales as Maintenance Repair & Overhaul (MRO) revenue in its Aerospace Products (AP) segment. This has led to a growth story in FTAI's AP revenue, which Muddy Waters believes is lower quality than investors give the company credit for. The research firm estimates that the majority of FTAI Aviation's adjusted EBITDA in the Aerospace Products segment comes from gains on sales, which is less recurring in nature.
3 Reasons WWD is Risky and 1 Stock to Buy Instead
Woodward currently trades at $183.61 per share and has shown little upside over the past six months, posting a middling return of 2.6%. This is close to the S&P 500’s 3.8% gain during that period.
Maintenance and Repair Distributors Q3 Earnings: DXP (NASDAQ:DXPE) Simply the Best
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at DXP (NASDAQ:DXPE) and the best and worst performers in the maintenance and repair distributors industry.
3 Reasons We Love Datadog (DDOG)
Datadog has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 8.3% to $140.11 per share while the index has gained 3.8%.
Electronic Components Stocks Q3 In Review: Bel Fuse (NASDAQ:BELFA) Vs Peers
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Bel Fuse (NASDAQ:BELFA) and the best and worst performers in the electronic components industry.
3 Reasons to Avoid ARRY and 1 Stock to Buy Instead
Array’s stock price has taken a beating over the past six months, shedding 39.4% of its value and falling to $6.75 per share. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Q4 Earnings Review: Shelf-Stable Food Stocks Led by General Mills (NYSE:GIS)
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how shelf-stable food stocks fared in Q4, starting with General Mills (NYSE:GIS).