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Western Digital (WDC) and SanDisk (SNDK) both dropped after earnings as the memory makers slipped despite top-and-bottom line beats. Alex Coffey joins Marley Kayden and Sam Vadas to break down the reports, and he says the earnings conference calls will be important for these companies to clarify guidance and outlook amidst rising memory costs. It was a different story but same result for Applovin (APP) as the company missed revenue estimates, sending shares spiraling downward. Meanwhile, e.l.f. Beauty (ELF) dipped after a beat-and-raise quarter.
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SpaceX (SPCX) and AMD (AMD) lagged on a day that saw a new record high for the Dow Jones ($DJI). Applovin (APP) saw a huge decline after a revenue miss in its latest earnings. Meanwhile, Western Digital (WDC) fell after an earnings beat. Marley Kayden recaps the trading day.
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Marley Kayden and Sam Vadas wrap up Wednesday's session with a few overlooked headlines to keep on the radar. Marley details a cautionary note from Bank of America (BAC) CEO Brian Moynihan before turning attention to a significant AI shake-up at Alphabet (GOOGL). Sam turns her attention to the weight-loss drugmakers as the competition between Eli Lilly (LLY) and Novo-Nordisk (NVO) heats up.
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Mamadou-Abou Sarr joins Market on Close with his eyes on the current rate environment facing the Fed under new Chair Kevin Warsh. He sees the long end of the curve as an area investors price the Fed's credibility on inflation. He later discusses the duration differences and risk levels facing investors looking at the yield curve. Sarr later describes ways investors could diversify their portfolio holdings.
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Jillian DelSignore discusses the growing competition among Nasdaq-100 ETFs and why the index has evolved into a core portfolio allocation. She also examines the popularity of options-based income ETFs and highlights the Invesco PHLX Semiconductor ETF (SOXQ) as a diversified way to gain exposure to the semiconductor industry's growth beyond Nvidia (NVDA).
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Dominic Nolan, CEO of Aristotle Pacific Capital, discusses the launch of three actively managed ETFs and the firm's approach to credit investing. He explains how bottom-up research and top-down portfolio positioning help uncover relative value opportunities, while short-duration bonds continue to offer attractive yields in the current market environment.
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Morningstar's Matt Dolgin and CFRA's Ken Leon break down Walt Disney's (DIS) latest earnings, highlighting the strength of the experiences business and improving profitability in streaming. They discuss Disney's long-term growth strategy, investments in parks and cruises, and why the stock may remain undervalued despite broader consumer and industry headwinds.
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CFRA's Keith Snyder says "there was a lot to like" in SpaceX (SPCX) earnings, but he points to a red flag in the company's capex spending levels. He also likes the "firm" computing power contracts SpaceX holds but he wants to hear if the company can grow "on its own without renting out excess capacity." On Starlink, Keith calls the subscriber growth "nothing short of spectacular." He addresses his firms Sell rating for SpaceX, admitting an internal debate between his inner nerd fandom and his analyst eyes.
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Michael Monaghan outlines the three major forces shaping today's market: Middle East energy stability, AI-driven capital spending, and continued job growth. He highlights Bloom Energy (BE) as a beneficiary of rising AI power demand, discusses Palantir's (PLTR) commercial growth story, and explains why Waste Connections (WCN) remains a dependable long-term compounder.
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Sam Vadas digs in to the numbers for SpaceX (SPCX) after Elon Musk's company revealed its first earnings as a publicly traded company. She examines the rocket manufacturer's capital expenditures, cash hoard and AI segment operating losses as standouts from the report. Looking forward, she underlines the lockup expiry for potentially more than 900 million shares as a possible headwind for investors.
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