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Market Update

Apple Inc. decreased 0.5% to $243.31, and the popular smartphone maker said it plans to invest $500 billion in the U.S. in order to boost its artificial intelligence capabilities. 


24 Feb, 2025

 

Robinhood Markets jumped 1.5% to $52.32 after the online trading platform operator said that the SEC is going to drop its investigation into its crypto unit. 


24 Feb, 2025

 

Pool Corp. eased 0.1% to $344.0 after the swimming pool equipment provider reported lower revenue in the fourth quarter ending in December.

Net sales decreased to $987.49 million from $1.00 billion, net income declined to $37.30 million from $51.44 million, and earnings per diluted share fell to 98 cents from $1.32 a year ago.

For fiscal 2025, the company estimated earnings per share between $11.08 and $11.58, compared to $11.30 per share in 2024, and a gross margin between 29.7% and 30.0%, compared to 29.7% in 2024.


24 Feb, 2025

 

Rivian Automotive Inc. eased 0.4% to $12.92 despite the electric vehicle manufacturer reporting revenue growth in the fourth quarter ending in December.

Revenue increased to $1.73 billion from $1.31 billion, net loss shrank to $744 million from a loss of $1.52 billion, and net loss per diluted share declined to 70 cents from a loss of $1.58 a year ago.

For fiscal 2025, the company estimated it would deliver between 46,000 and 51,000 vehicles, compared to 51,579 vehicles in 2024.

Capital expenditures are expected to be between $1.60 billion and $1.70 billion, compared to a negative $1.14 billion, and adjusted EBITDA is expected to be between $1.70 billion and $1.90 billion, compared to an EBITDA loss of $2.68 billion in 2024.


24 Feb, 2025

 

Live Nation Entertainment Inc. dropped 1.9% to $149.40 after the ticket sales company reported lower revenue for the fourth quarter ending in December, impacted by weak concert sales.

Revenue declined to $5.68 billion from $5.82 billion, and consolidated operating loss expanded to $239.4 million from a loss of $81.5 million a year ago.

Revenue in full year 2024 increased to $23.15 billion from $22.73 billion, net income rose to $896.29 million from $556.89 million, and earnings per diluted share jumped to $2.74 from $1.34 a year ago.

For the first quarter of 2025, the company estimated revenue between $3.18 billion and $4.09 billion, compared to $3.8 billion in the same period in 2024.


24 Feb, 2025

 

MercadoLibre Inc. traded up 12% to $2,364 after the Argentine e-commerce and online auctions company reported strong earnings for the fourth quarter ended in December.

Revenue climbed to $6.06 billion from $4.41 billion, net income surged to $639 million from $165 million, and earnings per diluted share rose to $12.61 from $3.25 a year ago.

The company’s share price has soared since its initial public offering in August 2007.


21 Feb, 2025

 

Copart Inc. eased 0.2% to $58.12 after the global provider of online vehicle auction and remarketing services to automotive resellers reported earnings results for the second quarter of 2025 ending in January.

Revenue increased 14% to $1.16 billion from $1.02 billion, net income jumped 19% to $387.40 million from $325.63 million, and earnings per diluted share rose 21.2% to 40 cents from 33 cents a year ago.


21 Feb, 2025

 

Builders FirstSource Inc. gained 0.1% to $144.50 after the building materials supplier reported lower earnings in the fourth quarter ending in December.

Net sales declined to $3.82 billion from $4.15 billion, net income decreased to $190.2 million from $350.8 million, and earnings per diluted share fell to $1.65 from $2.83 a year ago.

For fiscal 2025, the company estimated net sales between $16.5 billion and $17.5 billion, compared to $16.40 billion in 2024.

Builders FirstSource also guided the adjusted EBITDA between $1.9 billion and $2.3 billion in 2025, compared to $2.33 billion last year.

The adjusted EBITDA margin is expected to be between 11.5% and 13.0%, compared to 14.2% in 2024.


21 Feb, 2025

 

Booking Holdings Inc. gained 2.1% to $5,125 after the travel technology company reported strong financial results for the fourth quarter ending in December.

Revenue increased to $5.47 billion from $4.78 billion, net income surged to $1.07 billion from $222 million, and earnings per basic share jumped to $32.31 from $6.37 a year ago.

Interest and dividend income in the quarter increased to $251 million from $237 million a year earlier.

In addition, the company announced a new share repurchase program of up to $20 billion.


21 Feb, 2025

 

Akamai Technologies Inc. plunged 7.2% to $90.97 after the cybersecurity and cloud services provider reported a lower profit in the fourth quarter ending in December.

Revenue increased to $1.02 billion from $995.02 million, net income declined to $139.90 million from $161.16 million, and earnings per diluted share fell to 91 cents from $1.03 a year ago.

The company spent $138 million in the quarter to repurchase 1.4 million shares of its common stock at an average price of $97.43 per share.

Akamai had 150 million shares of common stock outstanding as of the end of 2024.

For the first quarter of 2025, the company estimated revenue between $1 billion and $1.02 billion, compared to $987.0 million in the same period in 2024.


21 Feb, 2025

 

Walmart Inc. dropped 8.7% to $94.94 despite the chain of grocery store operators reporting a revenue growth for the fourth quarter of 2025, supported by a 16% e-commerce expansion globally.

Revenue increased 4.1% to $180.55 billion from $173.39 billion, net income fell 4.4% to $5.25 billion from $5.49 billion, and diluted earnings per share dropped to 65 cents from 68 cents a year ago.

Comparable U.S. store sales, excluding fuel, increased 4.6%, driven by a 2.8% increase in transactions and a 1.2% increase in average ticket size. 

During the quarter, Walmart repurchased 15.9 million shares at an average price of $91.09 per share, worth $1.4 billion, and the remaining share repurchase authorization is $12.0 billion.

In addition, the company announced a 13% increase in its annual dividend for fiscal year 2026 to 94 cents per share.

For the first quarter of fiscal 2026, Walmart estimated a net sales increase between 3% and 4%, adjusted operating income up between 0.5% and 2%, and earnings per share between 57 cents and 58 cents, including a 2-cent impact from currency conversion.

In the first quarter of fiscal 2025, net sales were $159.9 billion, adjusted operating income was $7.1 billion, and adjusted earnings per share were 60 cents.

The guidance is provided on a non-GAAP basis.


20 Feb, 2025

 

Alibaba Group Holding Ltd. surged 6.6% to $134.05 after the Chinese e-commerce company reported an 8% revenue growth for the fiscal third quarter ended in December.

Revenue increased to 280.15 billion yuan from 260.35 billion yuan, net income jumped to 48.94 billion yuan from 14.43 billion yuan, and earnings per diluted share rose to 2.55 yuan from 71 cents a year ago.

The company repurchased 119 million ordinary shares, equivalent to 15 million ADSs, for a total of $1.3 billion during the quarter.

Alibaba’s cloud intelligence segment marked a 13% growth to 31.74 billion yuan from 28.07 billion yuan a year ago.

The company announced its partnership with Apple Inc. to roll out artificial intelligence features for iPhones sold in the Chinese language.


20 Feb, 2025

 

Wix.com Ltd. eased 0.7% to $215.40 after the Israel-based software company reported a 14% revenue increase in the fourth quarter ended in December.

Revenue increased to $460.45 million from $403.77 million, net income surged to $48.02 million from $2.95 million, and earnings per diluted share climbed to 80 cents from 5 cents a year ago.

Total bookings amounted to $464.59 million, up from $395.00 million a year ago.

For the first quarter of 2025, the company estimated constant currency revenue growth between 13% and 14% to between $469 million and $473 million, compared to $419.8 million in the same quarter in 2024.

For the full year 2025, the company guided constant currency revenue growth between 14% and 16% to between $1.97 billion and $2.00 billion, compared to $1.76 billion in 2024.

Total bookings for 2025 are estimated to increase between 13% and 15% to between $2.02 billion and $2.06 billion, in constant currency, compared to $1.83 billion in 2024.


20 Feb, 2025

 

Garmin Ltd. gained 0.3% to $242.0 after the GPS-enabled products maker reported a 23% sales growth in the fourth quarter ended in December.

Net sales increased to $1.82 billion from $1.48 billion, net income declined to $435.73 million from $542.12 million, and earnings per diluted share fell to $2.25 from $2.82 a year ago.

The company proposed a cash dividend of $3.60 per share, payable in four equal installments: on June 27, 2025; September 26, 2025; December 26, 2025; and March 27, 2026.

The registration dates are June 16, 2025; September 12, 2025; December 12, 2025; and March 13, 2026.

For fiscal 2025, Garmin estimated revenue of $6.80 billion, an increase of 8% from $6.30 billion in 2024, and pro forma earnings per share of $7.80, compared to $7.39 per share in 2024.


20 Feb, 2025

 

Carvana Co. plunged 9.9% to $253.77 after the online used car retailer reported fourth quarter 2024 earnings results.

The company sold 114,379 retail units in the quarter, up 50% from a year ago.

Revenue increased to $3.5 billion from $2.4 billion, net income swung to a profit of $159 million from a loss of $200 million, and diluted earnings per share was 56 cents compared to a loss of $1.0 a year ago.


20 Feb, 2025