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HomeStocks in FocusToday's Top Performers: Duolingo, DJT Lead Stock Market Surge, Equifax, Tesla Join...

Today’s Top Performers: Duolingo, DJT Lead Stock Market Surge, Equifax, Tesla Join the Rally.

Today’s Premarket shows Stock futures rose modestly as investors awaited unemployment claims and the Philly Fed manufacturing index.

Top stock gainers

Duolingo (DUOL) shares rose 7% after the company said it would enter the S&P MidCap 400 index on April 22, 2024. Duolingo will replace Cable One (CABO), which is moving to the S&P SmallCap 600.


DJT shares rose up to 5% in premarket trade on Thursday after closing up 15% on Wednesday. In response to the debut of a live TV streaming network similar to Truth Social, shares fell 14% on Tuesday.

Top stock losses

Equifax (EFX) shares tumbled more than 5% after lackluster Q1 earnings reports, below market expectations. The business expects Q2 sales of $1.41B to $1.43B, below the consensus of $1.44B, and adjusted EPS of $1.65 to $1.75, below the $1.87 consensus. Equifax expects FY2024 sales of $5.67B to $5.77B, below the consensus of $5.97B, and adjusted EPS of $7.20 to $7.50, compared to $7.63.

Premarket

Gainers

DR Horton’s (NYSE:DHI) shares increased 2.6% after the homebuilder reported an increase in quarterly earnings, as restricted housing supply in the United States boosted house sales.

Micron Technology (NASDAQ:MU) shares increased 2.2% after news surfaced that the memory chip firm will get more than $6 billion in government funds to assist fund domestic chip plant projects.

Alcoa (NYSE:AA) shares increased 1.7% after the aluminum producer’s results above expectations and forecasted consistent output in 2024.

Alaska Air (NYSE:ALK) shares increased 1.8% after the airline anticipated current-quarter earnings above projections, owing to anticipation of a good summer season as travel demand surges.

Losers

Equifax (NYSE:EFX) shares fell almost 10% after the credit reporting business issued weaker-than-expected projections following strong economic data increased the likelihood of interest rates remaining higher for longer, potentially delaying a comeback in the mortgage market.

Las Vegas Sands (NYSE:LVS) shares slumped 3.5% despite the casino operator exceeding earnings estimates, as underperformance in its Macau business remained a worry.

Tesla (NASDAQ:TSLA) shares plummeted 2%, hitting a 15-month low, after Deutsche Bank lowered the electric car giant’s stock recommendation from ‘buy’ to ‘hold’, citing a “considerable risk.”

Blackstone (NYSE:BX) shares slumped 2% as the world’s largest private equity company reported its first-quarter distributable earnings increased just 1% year on year, boosted by fee-related gains that were partially offset by a decline in revenue from asset divestments.

Stock in focus

After the close, Netflix (NFLX) stock will release Q1 results, attracting attention. The megacap technology stock earnings season begins with the corporation. Wall Street anticipates Netflix (NFLX) to earn $4.54 per share on $9.28B revenue. Since May’s global password-sharing crackdown, the Los Gatos, Calif.-based company has seen membership growth. Investors will again focus on subscriber growth and Netflix’s (NFLX) ad-supported tier this quarter.

Taiwan Semiconductor Manufacturing (TSM) shares, among the most actively traded, fell more than 4% before market open. The world’s largest contract chipmaker and Nvidia (NVDA) and Apple (AAPL) supplier reported Q1 results that exceeded forecasts and a current quarter sales outlook that exceeded predictions. Taiwan Semiconductor (TSM) CEO C. C. Wei said the business was lowering its 2024 semiconductor market growth projections excluding memory chips to 10%. Charts show TSM performance.


Kinder Morgan (KMI) rose 1% pre-market. The pipeline and terminal operator predicted natural gas demand growth “between now and 2030, led by more than a doubling of demand for liquefied natural gas (LNG) exports and a more than 50% increase in exports to Mexico.” Kinder Morgan (KMI) Q1 distributable cash flow up 3.5% to $1.42B. In Q1, the board raised the cash dividend by 2% to $0.2875 per share ($1.15 annually). Check KMI charts.

Micron Technology (MU) shares rose ~1% before its opening bell. The U.S. government would grant the memory chipmaker $6.1B for advanced memory computer chip projects in New York and Idaho. Senate Majority Leader Chuck Schumer told Associated Press that Micron’s (MU) New York megafab will be “the best thing that’s happened probably since the Erie Canal” for Syracuse. Expect the megafab to be the largest U.S. semiconductor fabrication plant.

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After reporting 8% Y/Y subscription revenue growth in 4Q24, DocuSign (NASDAQ:DOCU) shares rose 10%. Electronic signature business predicts 1Q25 revenue of $704M to $708M, above analysts’ $699.1M forecast. DocuSign expects sales of $2.91B to $2.92B this year, with consensus of $2.91B. Customer adoption of Contract Lifecycle Management and eSignature in StateRAMP-authorized environments was also emphasized by the organization.

MongoDB (NASDAQ:MDB) shares fell 8% after exceeding Q4 profit and sales forecasts owing to its dovish FY2025 outlook. MongoDB expects revenues of $436M to $440M in Q1, below the average expectation of $449.08M. Below the estimate of $0.61, non-GAAP EPS is expected to be $0.34–$0.39. The business estimates FY2024 sales between $1.9B and $1.93B, below the average of $2.03B. Unlike the consensus of $3.22, non-GAAP EPS is expected to be $2.27 to $2.49.

Marvell Technology (NASDAQ:MRVL) shares fell over 7% after solid Q4 earnings due to a dismal Q1 guidance. The business predicts Q1 sales of $1.15B, plus or less 5%, behind analysts’ $1.36B. Marvell predicts adjusted gross margins of 62% to 63% and adjusted earnings of $0.18 to $0.28 per share, significantly below the average forecast of $0.40. Marvell announced $3B in stock buybacks.

Despite a 5.7% Y/Y rise, Costco Wholesale’s NASDAQ:COST shares plummeted roughly 4% as its FQ2 earnings reports fell short of the top-line estimate. Comparable sales increased by 5.6% during the quarter, above the 5.1% estimate.

MongoDB (NASDAQ:MDB) shares fell 8% after exceeding Q4 profit and sales forecasts owing to its dovish FY2025 outlook. MongoDB expects revenues of $436M to $440M in Q1, below the average expectation of $449.08M. Below the estimate of $0.61, non-GAAP EPS is expected to be $0.34–$0.39. The business estimates FY2024 sales between $1.9B and $1.93B, below the average of $2.03B. Unlike the consensus of $3.22, non-GAAP EPS is expected to be $2.27 to $2.49.

Marvell Technology (NASDAQ:MRVL) shares fell over 7% after solid Q4 earnings due to a dismal Q1 guidance. The business predicts Q1 sales of $1.15B, plus or less 5%, behind analysts’ $1.36B. Marvell predicts adjusted gross margins of 62% to 63% and adjusted earnings of $0.18 to $0.28 per share, significantly below the average forecast of $0.40. Marvell announced $3B in stock buybacks.

Despite a 5.7% Y/Y rise, Costco Wholesale’s NASDAQ:COST shares plummeted roughly 4% as its FQ2 earnings reports fell short of the top-line estimate. Comparable sales increased by 5.6% during the quarter, above the 5.1% estimate.

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