After Hours Report
The S&P 500 and Nasdaq Composite posted record closing highs yesterday. Today they advanced to new highs, but they were unable to retain that posture and closed the session with losses. The selling interest wasn't acute at the index level. That was reserved mostly for individual stocks, but to be fair, so were big gains.
Some geopolitical headlines got the market stirred up at times today, but otherwise it was a day of modest attrition for the indices after a big run.
The opening was dictated by a mixed reaction to earnings reports since yesterday's close. The S&P 500 information technology sector (-1.5%) was the main point of attraction in that regard. Texas Instruments (TXN 282.23, +45.92, +19.43%) led the semiconductor group to another win, whereas ServiceNow (NOW 84.94, -18.13, -17.59%) was knocked out of service after its earnings report, triggering a renewed fallout in the software stocks, which were also contending with a resumption of private-credit worries.
For the day, the Philadelphia Semiconductor Index was up 1.7%, and the iShares GS Software ETF (IGV 83.60, -5.14, -5.79%) was down nearly 6.0%.
Tesla (TSLA 373.60, -13.91, -3.59%) was another laggard of note, failing to benefit from its better-than-expected Q1 earnings result as investors focused instead on Elon Musk's vague declaration that a very significant increase in capex is expected. The consumer discretionary sector (-0.9%) felt the weight of losses in Tesla and most components, including lululemon athletica (LULU 141.66, -21.79, -13.33%), which named former Nike executive Heidi O'Neill as its new CEO. The stock's reaction made it clear that investors weren't impressed.
Elsewhere, the S&P 500 utilities (+2.8%), industrials (+1.8%), consumer staples (+1.7%), and real estate (+1.3%) sectors delivered some impressive percentage gains in a down market, boosted by healthy gains in the likes of NextEra Energy (NEE 96.25, +6.25, +6.94%), Dover (DOV 228.15, +11.98, +5.54%), Keurig Dr Pepper (KDP 28.53, +1.99, +7.50%), and Crown Castle (CCI 87.52, +1.51, +1.76%) following their earnings results.
The market hit an air pocket in the afternoon session amid reports that Iran's speaker had resigned and that Iran's air defenses were engaging hostile targets. Long story short, both reports were debunked, enabling the indices to recover most of what was lost in the knee-jerk selling that occurred after the initial reports.
A full recovery, though, was impeded by the underperformance of the mega-cap cohort and reservations about what could transpire overnight in the geopolitical arena.
WTI crude futures settled the session up 3.0% at $95.76/bbl. The 10-yr note yield was up three basis points to 4.32%.
- Russell 2000: +11.8% YTD
- S&P Mid Cap 400: +9.9% YTD
- Nasdaq Composite: +5.1% YTD
- S&P 500: +3.8% YTD
- DJIA: +2.6% YTD
Reviewing today's economic data:
- Initial jobless claims for the week ending April 18 increased by 6,000 to 214,000 (Briefing.com consensus: 212,000). Continuing jobless claims for the week ending April 11 increased by 12,000 to 1.821 million.
- The key takeaway from the report is that there is nothing in the level of initial jobless claims—a leading indicator—that suggests the labor market is in a dire state.
- The preliminary April S&P Global U.S. Manufacturing PMI checked in at 54.0 vs. 52.3 prior.
- The preliminary April S&P Global U.S. Services PMI checked in at 51.3 vs. 49.8 prior.
Overseas:
- Europe: DAX -0.2%, FTSE -0.2%, CAC +0.9%
- Asia: Nikkei -0.8%, Hang Seng -1.0%, Shanghai -0.3%
Commodities:
- Crude Oil +2.75 @ 95.76
- Nat Gas -0.11 @ 2.62
- Gold -30.80 @ 4723.00
- Silver -2.56 @ 73.59
- Copper -0.05 @ 6.08
After-Hours Spotlight:
- Boyd Gaming (BYD) misses by $0.11, reports revs in-line...BYD -4.6%
- Chemed (CHE) beats by $0.35, beats on revs; raises FY26 EPS above consensus...CHE +10.8%
- Comfort Systems (FIX) beats by $3.70, beats on revs...FIX +6.8%
- Coursera (COUR) misses by $0.01, reports revs in-line; guides Q2 revs in-line; reaffirms FY26 revs guidance...COUR -10.7%
- Intel (INTC) beats by $0.27, beats on revs; guides Q2 EPS above consensus, revs above consensus...INTC +19.3%
- Kinsale Capital (KNSL) beats by $0.45, beats on revs...KNSL -1.1%
- MaxLinear (MXL) beats by $0.04, beats on revs; guides Q2 revs above consensus...MXL +32.1%
- Newmont Corporation (NEM) beats by $0.72, beats on revs; announces buyback...NEM +0.4%
- SkyWest (SKYW) beats by $0.34, beats on revs...SKYW -0.3%
- World Kinect Corporation (WKC) beats by $0.44 (two estimates), beats on revs; raises FY26 EPS guidance...WKC +22.1%
Fair Value for Friday, April 24:
- S&P 500: 7,142
- Nasdaq 100: 26,932
- DJIA: 49,481
For a full rundown of today's market and after hours developments, see Live In Play
- Earnings/Guidance (Full Earnings Calendar):
- American Airlines (AAL) beats by $0.07, reports revs in-line; guides Q2 EPS in-line, revs in-line; guides FY26 EPS above consensus
- American Express (AXP) beats by $0.28, beats on revs; reaffirms FY26 EPS guidance, revs guidance
- Ardagh Metal Packaging S.A. (AMBP) beats by $0.02, beats on revs
- ASGN Incorporated (ASGN) misses by $0.29, reports revs in-line; guides Q2 EPS below consensus, revs below consensus
- Avino Silver & Gold (ASM) reports first quarter 2026 production results of 263,057 silver ounces, 1,851 gold oz and 1,343,654 pounds of copper, for a total of 568,112 million silver equivalent oz
- AZZ (AZZ) beats by $0.12, reports revs in-line; reaffirms FY27 EPS guidance, revs guidance
- Banc of California (BANC) beats by $0.01, misses on revs
- Blackstone (BX) beats by $0.02, beats on revs
- Bread Financial (BFH) beats by $1.09, beats on revs
- CACI Intl (CACI) beats by $0.32, reports revs in-line; lower FY26 EPS guidance, raises FY26 revenue guidance
- Cathay Bancorp (CATY) beats by $0.08, beats on revs; announces buyback
- CBRE Group (CBRE) beats by $0.48, beats on revs; raises FY26 EPS above consensus
- CEMEX S.A. (CX) reported Q1 results; EBITDA reached $794 mln, up 34% yr/yr
- CenterPoint (CNP) beats by $0.01; reaffirms FY26 EPS guidance
- Century Communities (CCS) beats by $0.29, misses on revs; guides FY26 revs lower
- Churchill Downs (CHDN) beats by $0.20, reports revs in-line
- Comcast (CMCSA) beats by $0.07, beats on revs
- CSX (CSX) beats by $0.04, reports revs in-line, guides to FY26 mid-single digit revenue growth
- CVB Financial (CVBF) beats by $0.01
- Dover (DOV) beats by $0.01, beats on revs; guides FY26 EPS in-line, revs in-line
- Dow (DOW) beats by $0.15, beats on revs
- EastGroup (EGP) beats by $0.02, reports revs in-line; guides FY26 FFO in-line
- Essential Properties Realty Trust (EPRT) misses by $0.02, beats on revs; guides FY26 FFO below consensus
- First American Financial (FAF) beats by $0.31, beats on revs
- FirstCash (FCFS) beats by $0.36, beats on revs
- First Citizens BancShares (FCNCA) beats by $5.41; Also announces plans to expand its commercial banking capabilities and align its brand names later this year
- First Industrial Realty (FR) reports FFO in-line, beats on revs; guides FY26 FFO in-line; increases dividend 12.4%
- FirstService (FSV) beats by $0.07, beats on revs
- Fortuna Silver Mines (FSM) reports 15% YoY reserve growth, boosts Séguéla/Sunbird estimates
- Gentherm (THRM) beats by $0.33, beats on revs; reaffirms FY26 revs guidance
- Getty Realty Corp. (GTY) beats by $0.02, reports revs in-line; guides FY26 FFO in-line
- Globe Life (GL) misses by $0.04, reports revs in-line; raises FY26 EPS above consensus
- Goosehead Insurance (GSHD) beats by $0.17, beats on revs
- Graco (GGG) misses by $0.08, misses on revs
- Hasbro (HAS) issues upside Q1 revenue guidance, reaffirms FY26 guidance; Also provides an update on previously disclosed unauthorized network access
- Heineken (HEINY) reports Q1 net revenue +2.8%, maintains FY26 outlook
- Helen of Troy (HELE) beats by $0.13, beats on revs; guides FY27 EPS in-line, revs in-line
- Helix Energy (HLX) misses by $0.01, beats on revs
- Hexcel (HXL) beats by $0.16, beats on revs; reaffirms FY26 EPS guidance, revs guidance
- Honeywell (HON) beats by $0.13, misses on revs; guides FY26 EPS in-line, revs in-line; selling Warehouse and Workflow Solutions business; sees Q2 EPS of $2.35-2.45 vs. $2.56 FactSet consensus; sees Q2 revs $9.4-9.6 bln vs. $9.7 bln FactSet consensus
- Huntington Banc (HBAN) beats by $0.02
- IBM (IBM) beats by $0.10, beats on revs; reaffirms FY26 revs guidance
- Infosys (INFY) reports Q4 (FY26) results and provides FY27 guidance
- Ipsen S.A. (IPSEY) reports Q1 sales; reaffirms FY26 outlook
- Iridium Communications (IRDM) misses by $0.13, reports revs in-line; reaffirms FY26 guidance
- Kaiser Alum (KALU) beats by $1.78, beats on revs, raises 2026 outlook
- Keurig Dr Pepper (KDP) beats by $0.02, beats on revs; reaffirms FY26 EPS guidance, revs guidance
- Kinder Morgan (KMI) beats by $0.09, beats on revs; guides FY26 EPS below consensus
- Knight-Swift (KNX) reports EPS in-line, revs in-line; guides Q2 EPS in-line
- Lam Research (LRCX) beats by $0.11, beats on revs; guides Q4 EPS above consensus, revs above consensus
- Las Vegas Sands (LVS) beats by $0.09, beats on revs
- Liberty Energy (LBRT) beats by $0.19, beats on revs
- Lockheed Martin (LMT) misses by $0.30, misses on revs; guides FY26 EPS in-line, revs in-line
- MarineMax (HZO) beats by $0.02, misses on revs; reaffirms FY26 EPS guidance
- Medpace (MEDP) beats by $0.36, beats on revs; reaffirms FY26 EPS guidance, revs guidance
- Meritage (MTH) misses by $0.11, misses on revs; guides FY26 revs in-line
- Mobileye Global (MBLY) beats by $0.03, beats on revs; guides FY26 revs in-line; up to $250 mln share buyback authorization
- Molina Healthcare (MOH) beats by $0.45, reports revs in-line; reaffirms FY26 EPS guidance
- NASDAQ (NDAQ) beats by $0.03, beats on revs; increases quarterly dividend to $0.31/share from $0.17/share
- Neptune Insurance Holdings (NP) reports EPS in-line, beats on revs; approves a $100 mln stock repurchase program
- Nestle (NSRGY) reports Q1 organic growth 3.5%, maintains FY26 outlook
- NextEra Energy (NEE) beats by $0.06, misses on revs; reaffirms FY26 EPS guidance
- Nokia (NOK) beats by EUR0.01, misses on revs; reaffirms outlook
- Oceaneering Intl (OII) misses by $0.02, beats on revs; guides Q2 revs in-line, reaffirms FY26 outlook
- Old Republic (ORI) misses by $0.11, misses on revs
- Orange (ORANY) reports Q1 results; raises EBITDAaL outlook, reaffirms FY26 targets
- Packaging Corp (PKG) beats by $0.26, misses on revs; guides Q2 EPS below consensus
- Pathward Financial (CASH) reports EPS in-line, beats on revs
- Patterson-UTI (PTEN) beats by $0.04, beats on revs
- PENN Entertainment (PENN) beats by $0.04, beats on revs
- PG&E (PCG) beats by $0.03, beats on revs; guides FY26 EPS in-line
- Pinnacle Finl (PNFP) reports Q1 results
- Pool (POOL) beats by $0.08, beats on revs; reaffirms FY26 EPS guidance
- PubMatic (PUBM) guides Q1 revenue above consensus; announces global CRO search
- PulteGroup (PHM) misses by $0.02, beats on revs; Board approves $1.5 billion increase in share repurchase authorization
- Raymond James (RJF) beats by $0.07, reports revs in-line
- Reliance, Inc. (RS) beats by $0.49, beats on revs; guides Q2 EPS in-line
- RLI Corp (RLI) beats by $0.04, misses on revs
- Roche Hldg (RHHBY) reports Q1 sales; reaffirms FY26 outlook
- Rollins (ROL) beats by $0.01, beats on revs
- Roper (ROP) beats by $0.17, beats on revs; guides Q2 EPS in-line; guides FY26 EPS above consensus
- Ryder System (R) beats by $0.27, reports revs in-line; guides Q2 EPS in-line; guides FY26 EPS above consensus, revs below consensus
- Sanofi (SNY) beats by EUR1.00, reports revs in-line; reaffirms outlook
- Sasol (SSL) provides nine-month update; raises fuel outlook; cuts capex guidance
- SEI Investments (SEIC) beats by $0.13, beats on revs
- Selective Insurance (SIGI) misses by $0.11, beats on revs
- ServiceNow (NOW) reports EPS in-line, revs in-line; provides FY26 sub revenue guidance
- Snap-On (SNA) misses by $0.06, beats on revs
- Southwest Air (LUV) misses by $0.02, reports revs in-line; guides Q2 EPS in-line
- STMicroelectronics (STM) misses by $0.04, beats on revs; guides Q2 revs above consensus
- Strategic Education (STRA) misses by $0.08, misses on revs
- Teck Resources (TECK) beats by CAD0.56, beats on revs; reaffirms FY26 guidance across key production and cost metrics
- Tesla (TSLA) beats by $0.06, beats on revs; Expects volume production of Cybercab and Tesla Semi this year and first large-scale Optimus factory will begin shortly in Q2
- Texas Capital (TCBI) beats by $0.16, beats on revs; initiates dividend
- Texas Instruments (TXN) beats by $0.32, beats on revs; guides Q2 EPS above consensus, revs above consensus
- Thermo Fisher (TMO) beats by $0.19, beats on revs
- Union Pacific (UNP) beats by $0.07, reports revs in-line; reaffirms FY26 EPS guidance
- United Rentals (URI) beats by $0.76, beats on revs; Raises FY26 revenue and adjusted EBITDA guidance
- Visteon (VC) misses by $0.19, beats on revs; guides FY26 revs in-line
- Waste Connections (WCN) beats by $0.04, reports revs in-line
- West Pharm (WST) beats by $0.45, beats on revs; guides Q2 EPS above consensus, revs above consensus; raises FY26 EPS above consensus, revs above consensus
- WEX (WEX) beats by $0.07, reports revs in-line; guides Q2 EPS above consensus, revs above consensus; guides FY26 EPS above consensus, revs mostly above consensus
- General News
- Mediators want to organize a possible meeting between Iran and the U.S. on Friday, according to WSJ
- U.S. intercepted 3 Iranian oil tankers in Asian waters, according to Reuters
- Iran seizes at least two vessels in the Strait of Hormuz, according to Bloomberg
- Secretary of the Navy John Phelan is departing the administration, effective immediately
- Senator John Thune expects Senate committees to increase investigation of Fed, which could be an off-ramp to a standoff that is holding up nomination of Fed Chair nominee Kevin Warsh, according to Politico
- Senate adopts reconciliation resolution to fund immigration enforcement portion of DHS. Measure heads to the House, according to CBS News
- IEA Chief Fatih Birol says, "we are facing the biggest energy security threat in history", CNBC
- Israel waiting for "green light" from U.S. to resume war with Iran, according to Times of Israel
- Anthropic and OpenAI experienced breaches, according to The Information
- Iran's IRGC laid additional mines in the Strait of Hormuz this week, according to Axios
- U.S. Trade Administration sets preliminary subsidy rates on solar cell imports from India, Indonesia and Laos
- AGCO Corp (AGCO) increases quarterly dividend to $0.30/share from $0.29/share
- Alaska Airlines (ALK), Hawaiian Airlines transition to shared passenger service system to deliver a more seamless guest experience
- American Airlines (AAL) looking into revenue-sharing agreement with Alaska Air (ALK), according to Bloomberg
- Banco Santander (SAN) announces temporary suspension of the share buyback program
- Bausch + Lomb (BLCO) snnounces published review examining the role of B vitamins in reducing risk and progression of age-related macular degeneration
- BridgeBio Oncology Therapeutics (BBOT) presents preclinical data demonstrating pan-KRAS inhibitor BBO-11818 has robust anti-tumor activity in KRAS-mutant preclinical models at the AACR Annual Meeting 2026
- Brookfield Wealth Solutions (BNT) and BWS Holdings provide update to Just Group post-offer intentions; evaluation may result in the implementation of cost-management measures
- CGI Group (GIB) renews global SAP S/4HANA operations and SAP BTP operations certifications, reinforcing its consistent, quality delivery at scale
- Definium Therapeutics (DFTX) highlighted the advancement of its DT120 ODT clinical program and commercial strategy in major depressive disorder and generalized anxiety disorder, with three anticipated topline readouts in the next six months serving as important near-term catalysts
- DTE Energy (DTE) intends to pause future electric rate requests following upcoming filing as data centers come online
- eBay (EBAY): UK CMA is seeking views on the anticipated acquisition by eBay Inc. of Depop Limited
- Ecopetrol (EC) to acquire an equity stake in Brava Energia S.A. a company domiciled in Brazil
- fuboTV (FUBO) announces it is developing its market-first user-configured Multiview feature for the Fubo streaming service on select LG TVs
- Fulgent Genetics (FLGT) selected to present rapid oral abstract within the head and neck cancer track session at the 2026 ASCO annual meeting
- GE HealthCare (GEHC) announces the first patient has been dosed in the international, multi-center Phase 2/3 Lumina clinical trial of its manganese-based magnetic resonance imaging contrast agent, mangaciclanol, at Mayo Clinic in Rochester, Minnesota
- GE Vernova (GEV) announces new wind turbine orders from BBWind and Greenvolt Power in Germany
- Goosehead Insurance (GSHD) announces the appointment of John Martin as Chief Financial Officer, effective immediately, and the promotion of Mark Jones, Jr. to President and Chief Operating Officer
- Grace Therapeutics (GRCE) provides regulatory update on New Drug Application for GTx-104; FDA issued Complete Response Letter - does not request additional clinical data
- Green Thumb (GTBIF) announces that its board of directors authorized an additional $100 mln for its existing share repurchase program announced on September 16, 2025
- Hapag-Lloyd Aktiengesellschaft (HPGLY): Hapag-Lloyd vessel among first to resume Strait of Hormuz transit as traffic remains sparse amid security concerns, according to CNN
- High Tide (HITI) announces proactive steps to investigate and address potential manipulation of its common shares
- Highwoods Prop's (HIW) Board authorizes $250 mln repurchase program
- Inventiva (IVA) announces three new members of its leadership team: Axel-Sven Malkomes as Chief Financial Officer, Susan Coles as Chief Legal Officer, and Pamela Herbster as Chief People Officer
- lululemon athletica (LULU) confirms it appointed Nike (NKE) veteran Heidi O’Neill as CEO effective Sept. 8, 2026
- Meta Platforms (META) introduces “Instants" app to compete with SnapChat (SNAP), according to 9to5Google
- Meta Platforms (META) plans to cut 8000 employees starting on May 20, according to Bloomberg
- MGIC Investment (MTG) announces its board of directors has approved an additional share repurchase program with authorization to purchase up to $750 million of its common stock
- Microsoft (MSFT) bringing back Xbox branding for gaming unit, according to Verge
- Mobileye Global (MBLY) authorizes program to repurchase up to $250 mln of outstanding Class A common stock
- MongoDB (MDB) to invest €74 mln in Ireland expansion, add ~200 jobs
- Netflix (NFLX) authorized the repurchase of an additional $25 billion of the Company’s common stock
- Neurocrine Biosciences (NBIX) presents new two-year Crenessity (crinecerfont) data showing sustained glucocorticoid dose reductions while maintaining androgen control in adults with classic congenital adrenal hyperplasia
- Novo Nordisk A/S (NVO) reports Phase 3 data for oral semaglutide in youth T2D
- Nurix Therapeutics (NRIX) Announces New Preclinical Data Highlighting Breadth of Targeted Protein Degradation Pipeline at AACR 2026
- Perion Network (PERI) announces an exclusive partnership with McSorely Media, together with joint venture partner Mediamark, leading media companies operating across Africa, to deploy Outmax, Perion's AI-native execution agent, into the region
- PulteGroup (PHM) announces that its Board of Directors has approved a $1.5 bln increase to the Company’s share repurchase authorization
- Rambus (RMBS) enables power-efficient AI platforms with SOCAMM2 server module chipset
- Regeneron Pharma (REGN) and Sanofi (SNY) announce Dupixent (dupilumab) approved in the U.S. as the first biologic medicine for young children with uncontrolled chronic spontaneous urticaria
- Regeneron Pharma (REGN) wins FDA accelerated approval for first in vivo gene therapy Otarmeni to treat rare genetic hearing loss, to be offered free in U.S.
- Robinhood Markets (HOOD) secures in-principle approval to launch brokerage in Singapore
- Rocket Lab USA (RKLB) completes second dedicated launch for JAXA
- Seagate Tech (STX) announced new and refreshed consumer and prosumer storage solutions across its Seagate, FireCuda, and LaCie brands
- ServiceNow (NOW) announces that TridentCare selected the ServiceNow AI Platform to transform its end-to-end operations and largely replace manual coordination with autonomous, AI-driven processes
- ServiceNow (NOW) and Google Cloud unite AI agents for autonomous enterprise operations
- Skillz (SKLZ) confirms jury verdict and releases statement
- SoftBank (SFTBY) wants another $10 bln loan secured by OpenAI, according to Bloomberg
- Spirit Airlines: The White House discussed positives and negatives over the rescue of Spirit, according to WSJ
- Spotify (SPOT) brings music and podcast recommendations to Claude
- Starbucks (SBUX) looking for another technology office, according to Bloomberg
- StubHub Holdings (STUB) announced an integration that lets fans discover and browse live events inside Claude, Anthropic's AI assistant
- Tesla (TSLA) on conference call says it expects $25 bln in CapEx in 2025; says expects to see significant increase in CapEx, but it is "well justified for a substantially increased future revenue stream"; still working out the details of the Terafab deployment
- TransUnion (TRU) applauds the Federal Housing Finance Agency and the Department of Housing and Urban Development for moving forward the inclusion of VantageScore 4.0 in the U.S. mortgage market to drive affordable homeownership for consumers
- Vizsla Silver Corp. (VZLA) awards EPCM and Mine Design contracts for the development of the Panuco silver-gold project
- Woodward (WWD) and AFI KLM E&M (AFLYY) have signed an Elite Licensed Repair Service Facility Agreement to support the CFM International LEAP-1A and LEAP-1B engines
- Upgrades:
- McDonald's (MCD) upgraded to Neutral from Sell at Rothschild & Co Redburn, tgt $306
- Murphy USA (MUSA) upgraded to Neutral from Underperform at BofA Securities, tgt $550
- Rogers Communications (RCI) upgraded to Buy from Hold at TD Securities
- Texas Instruments (TXN) upgraded to Buy from Neutral at BofA Securities, tgt $320
- Texas Instruments (TXN) upgraded to Equal Weight from Underweight at Barclays, tgt $250
- TotalEnergies (TTE) upgraded to Hold from Reduce at Kepler Cheuvreux
- Triumph Financial (TFIN) upgraded to Outperform from Market Perform at Raymond James
- W. R. Berkley (WRB) upgraded to Market Perform from Underperform at BMO Capital Markets, tgt $68
- McDonald's (MCD) upgraded to Neutral from Sell at Rothschild & Co Redburn, tgt $306
- Downgrades:
- ASGN Incorporated (ASGN) downgraded to Hold from Buy at Truist, tgt $33
- ASGN Incorporated (ASGN) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt $33
- CSX (CSX) downgraded to Hold from Buy at Vertical Research, tgt $44
- CSX (CSX) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $30
- Deckers Outdoor (DECK) downgraded to Outperform from Strong Buy at Raymond James; tgt $133
- Investar Holding (ISTR) downgraded to Neutral from Overweight at Piper Sandler, tgt $31.50
- Lucky Strike Entertainment (LUCK) downgraded to Underweight from Neutral at JPMorgan, tgt $6
- Madison Square Garden Sports (MSGS) downgraded to Neutral from Buy at Citigroup, tgt $355
- TE Connectivity (TEL) downgraded to Hold from Buy at HSBC, tgt $234
- ASGN Incorporated (ASGN) downgraded to Hold from Buy at Truist, tgt $33
- Others:
- Ascent Solar (ASTI) initiated with a Buy at H.C. Wainwright, tgt $20
- Datadog (DDOG) initiated with a Buy at Rothschild & Co Redburn, tgt $170
- Dynatrace (DT) initiated with a Neutral at Rothschild & Co Redburn, tgt $40
- Elastic (ESTC) initiated with a Neutral at Rothschild & Co Redburn, tgt $49
- Equillium (EQ) initiated with an Outperform at Oppenheimer; tgt $7
- First Tracks Biotherapeutics (TRAX) initiated with an Overweight at JPMorgan, tgt $31
- NuScale Power (SMR) initiated with a Hold at HSBC, tgt $13
- Oklo (OKLO) initiated with a Buy at HSBC, tgt $96
- Palantir (PLTR) initiated with a Buy at DZ Bank, tgt $175
- Sterling Infrastructure (STRL) initiated with an Overweight at KeyBanc Capital Markets, tgt $572
- Xanadu Quantum Technologies Inc. (XNDU) initiated with a Buy at Canaccord Genuity; tgt $45
- Ascent Solar (ASTI) initiated with a Buy at H.C. Wainwright, tgt $20
- Econ Data (Friday):
- 10:00 ET: Final April University of Michigan Consumer Sentiment (Briefing.com consensus 47.6; prior 47.6)
- Earnings:
- Monday (April 20)
- Pre-Market: BOH CLF
- After-Hours: ALK BOKF STLD WTFC ZION
- Pre-Market: MMM AUB DHI DHR EFX FOR GE GPC HAL MSCI NTRS NOC OFG DGX RTX SYF TSCO UCB UNH VMI VICR
- After-Hours: ADC OZK CALX COF CB CYH EWBC EQT ELS HWC IBKR ISRG MANH MCRI NBHC PEGA RRC SON UAL WRB WFRD WSBC WAL ZWS
- Wednesday (April 22)
- Pre-Market: T BKU BA BSX CME ELV FBP GEV MHO MAS MCO EDU NVR ONB OTIS PM TMHC TEL TDY TNL VRT WAB
- After-Hours: ASGN AZZ BANC CACI CATY CCS CHDN CCI CSX EGP EPRT FAF FRME FR FULT GTY GL GSHD GGG HLX HXL IBM KALU KMI KNX LRCX LVS LBRT MEDP MTH MOH NP OII PKG CASH PTEN PNFP QS RJF RS RLI ROL SEIC SIGI NOW LUV STC TSLA TXN URI WEX
- Pre-Market: T BKU BA BSX CME ELV FBP GEV MHO MAS MCO EDU NVR ONB OTIS PM TMHC TEL TDY TNL VRT WAB
- Thursday (April 23)
- Pre-Market: AAL AXP AMBP BX BFH CBRE CNP DOV DOW FCX THRM HELE HON HBAN IRDM KDP LADR LMT MBLY NDAQ NEE NOK ORI PENN PCG POOL BPOP PHM ROP R SNY SAP SNA STM STRA TCBI TMO UNP VLY VC WST
- After-Hours: AMP ABCB APPF ASB BKR BYD CSL CHE COLB CUBI DLR EW ENVA FFBC GLPI GBCI HIG INTC KNSL KN MXL NEM PECO PFG REXR SLM SKYW SSB SSNC VRSN WKC WSFS
- Friday (April 24)
- Pre-market: APOG CHTR FHB FLG GNTX HCA NSC PG SXT SLB WU
- After-Hours: HTH
- Monday (April 20)