Equities
AppLovin's growth, SolarEdge's stumble, PowerSchool's acquisition buzz, and Elanco's surge highlight diverse post-market stock movements.
By Bill Bullington
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AppLovin (APP): Strong Guidance Propels Growth
SolarEdge (SEDG): Losses Overshadow Revenue Beat
PowerSchool (PWSC): Acquisition Buzz Boosts Stock
Elanco Animal Health (ELAN): Quarterly Success Drives Surge
Regional Banks Reach New Highs Several regional banks hit new highs today including Fifth Third Bancorp (+57%), Huntington Bancshares (+44%), M&T Bank (+30%) over the past year. ETFs like SPDR S&P Regional Banking ETF (KRE) are up by 33.5%.
AI Integration in Industrials CNBC TV’s Seema Mody highlighted industrial companies competing for AI customers. Johnson Controls (+8%) and Carrier Global (+50%) are leading players providing specialized services for the AI industry. GE Vernova sees demand for smart-grid technology while Caterpillar and Cummins cater to data centers with strong market positions.
Apple Buyback Initiative & Stock Analysis Trader Bill Baruch expressed interest in buying back into Apple (-5% YTD) following a large-scale buyback initiative announced last week. The stock is currently above its moving averages with an RSI of 65 indicating potential opportunities for investors.
Archer Aviation Performance Update eVTOL company Archer Aviation fell by 3%, down by 40% YTD despite being at a significant distance from its August high as it aims to revolutionize air travel with small air vehicles primarily for shorter distances.
Madison Square Garden Sports Teams Performance vs. Stock Value New York Knicks and Rangers outperforming shares of Madison Square Garden Entertainment (-4%) which is slightly below recent highs as both teams excel in playoffs currently underway.
Amusement Park Companies Cedar Fair & Six Flags Earnings Report Tomorrow Cedar Fair (-10%) and Six Flags (-13.5%) gearing up to report earnings tomorrow morning with varying performance trends over time indicating potential market reactions post-earnings release.
Finance GPT
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