Copper Stocks Shine, Cybersecurity Dips, WSM Surges

Williams-Sonoma Shines, Refiners Surge, Cybersecurity Slumps

After-hours Stock Action

Anheuser-Busch InBev (BUD): Pressure from Altria Stake Sale

• Flat Performance: BUD under pressure in extended session as Altria plans to sell 18% stake.
• Year-to-Date Movement: BUD flat YTD, while Altria up 7% YTD.

SentinelOne: Post-Earnings Decline Despite Growth

• Revenue Beat: SentinelOne down after hours despite lighter loss and revenue beat.
• Market Performance: Stock doubled in the past year but remains 60% off its all-time high.

Copper Mining Stocks Soar with Metal Prices

• Copper Surge: Chinese smelters' production cut boosts copper prices, benefiting U.S.-listed miners like Southern Copper and Freeport-McMoRan.
• ETF Performance: Global X Copper Miners ETF (COPX) up around 7% YTD and 11% in the past twelve months.

Williams-Sonoma (WSM): Dividend Hike Sparks Rally

• Strong Earnings Report: Best day since March 2021 with dividend hike and buyback increase.
• Analyst Viewpoint: Goldman Sachs reiterates sell rating with $154/share price target despite stock's retail outperformance.

Sector Focus

Auto Industry Dynamics

• Tesla Downgrade by Wells Fargo amid growth concerns; stock down 30% in three months.
• Competitor Performances:
  • General Motors up 18.5%, Ford up 10%, Ferrari up 14%, Toyota US-listed shares up 25%.

Refiners on the Rise Pippa Stevens to report on sector uptrend tomorrow on CNBC:

• Valero, Phillips66, Marathon Petroleum hit new highs; PBF Energy and Delek US also showing strong performance.

Cybersecurity Sector Challenges Ethan Kraft highlights SentinelOne's decline post-guidance shortfall:

• Palo Alto Networks down by 21%, CrowdStrike up by only3%; Check Point Software flat last month.
• Amplify Cybersecurity ETF (HACK) down by1%; First Trust NASDAQ Cybersecurity ETF (CIBR) flat last month.