Top Headlines
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Wells Fargo (WFC):
Up 2%+ after the Fed removed asset growth restrictions from 2018. Stock may gap above $76.58.
Earnings Winners
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Guidewire (GWRE):
Up 14% on strong earnings and accelerating revenue. Gapped above $218.33 (alternate handle entry). -
HP Enterprise (HPE):
Up 6%, despite weak RS rating of 29. Earnings and revenue beat, guidance raised (in line). -
HealthEquity (HQY):
Up 5% after a cup-with-handle breakout. Earnings +21%, revenue +15% YoY. -
Rev Group (REVG):
RV maker, gapping up on earnings after pulling back to the 21-day moving average. -
Thor Industries (THO):
Also up on earnings, but not as strong as REVG.
Earnings Losers
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CrowdStrike (CRWD):
Down 7.5%. Earnings beat, but growth decelerated and revenue guidance slightly below. Could retest $451 buy point. -
Asana (ASAN):
Down 10% despite earnings/revenue beat. Mixed analyst reactions. -
Constellation Energy (CEG):
Down 3% after Citigroup downgrade. Stock had surged Tuesday on a 20-year nuclear deal with Meta, but deal is reportedly less lucrative than prior Microsoft one. -
D-Wave Quantum (QBTS):
Down 2.5% after $400M stock/debt offering.
Other Movers
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Snowflake (SNOW):
Up 2.5% after UBS and RBC upgrades, with price targets raised to $265 and $250, respectively. -
XP Inc. (XP):
Brazil-based fintech, up 2.5% on Goldman Sachs upgrade to “Buy” with $23 target.
Upcoming Earnings to Watch
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After close today:
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Argan (AGX): Heavy construction leader.
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Five Below (FIVE): Retail stock has doubled recently.
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Thursday after close:
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Broadcom (AVGO), ServiceTitan (TTAN), Rubrik (RBRK), DocuSign (DOCU).
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