Premarket News & Analysis

U.S. Stock Futures Tumble as Russia-Ukraine War Resurfaces.

Across indexes, there’s a wall of red in premarket trading this morning. As of 9 a.m. ET, here’s where major indexes stand: Dow Jones Industrial Average Futures: Down 424 (-.97%) S&P 500 Futures: Down 47.25 (-.80%) Nasdaq Futures: Down 164.25 (1.80%) As you can see, each index is down a similar amount, so today doesn’t appear to be […]

The post Live Markets Today: Nasdaq Composite and S&P 500 Deep in the Red | SMCI, WMT appeared first on 24/7 Wall St..

Usually, a stock that is not moving much is no cause for news. But the case is different today when it comes to the stock price of Alphabet Inc., the company that owns Google. Alphabet’s stock price (Nasdaq: GOOG) is currently down less than 1% in pre…

The nation’s largest retailer raised its outlook for the year as well and shares rose nearly 4% in premarket trading Tuesday.

BABA’s second-quarter fiscal 2025 results benefit from the monetization of Taobao and Tmall Group, cloud businesses and AI-integrated products.

Shares in Tesla, Inc. (Nasdaq: TSLA) are rising in premarket trading this morning after reports that President-elect Donald Trump’s transition team wants to make a federal framework for fully self-driving cars a top priority for the Department of Tran…

Better-Than-Expected Retail Sales in October.

Retail Sales, Imports and Exports, and the Empire State bring some multi-month highs.

Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, citing an acceleration in growth in its cloud business unit. Net income came in 43.9 billion Chinese yuan ($6.07 billion), compared with a LSEG outlook of …

The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.

October PPI In Line With Expectations.

Year over year PPI came in at +2.4%, the third-highest print of 2024 so far.

Shares in the Walt Disney Company (NYSE: DIS) are rising this morning after the company reported its Q4 2024 earnings before the bell. As of the time of this writing, DIS shares are up over 6.5% in premarket trading to $109.41. Disney reported Q4 fina…

October CPI/Core CPI Data in Line With Expectations.

What this means for further cuts in 2025, however, especially with new economic policy initiatives from a second President Trump term, is very much in question.

Shares of Rocket Lab USA Inc. are up 23.7% in premarket trades after the space-launch company highlighted strong demand for its Electron rocket during its third-quarter results Tuesday.

Cava Group, Inc. (NYSE: CAVA) appears poised to lead the fast-casual restaurant sector in 2024, with its stock up an impressive 255% year to date. Following a robust third-quarter earnings report and a premarket surge of 17%, Cava’s stock is on track to hit an all-time high as markets open today.

Q3 report highlights

• Earnings: Cava reported $0.15 per share, exceeding a Zacks consensus estimate of $0.11, marking a 36.36% earnings surprise.
• Revenue: $243.82 million in revenue, surpassing the $233.59 million consensus estimate, showing a 39% increase year-over-year.
• Restaurant Openings: Cava added 11 new locations, bringing its total to 352 restaurants, a 21.4% year-over-year increase.
• Same-Restaurant Sales Growth: Up 18.1%, driven by a 12.9% increase in guest traffic.
• Profitability: Restaurant-level profit grew by 41.9% to $61.8 million, with a restaurant-level profit margin of 25.6%.
• Average Unit Volume (AUV): Increased to $2.8 million from $2.6 million in the prior year.
• Net Income: Jumped to $18.0 million, up from $6.8 million in the same quarter last year.
• Digital Revenue: 35.8% of total sales, reflecting strong digital engagement.
• Cash Flow: Generated $43.9 million in operating cash flow and $23.4 million in free cash flow.
• Adjusted EBITDA: Increased to $33.5 million, up from $19.8 million in Q3 2023.

How the competition stacks up

Year-to-date, Cava’s stock growth of 255% edges out Sweetgreen, which is up 242% as of the close of the market day on Tuesday. Both brands are capitalizing on the growing demand for health-conscious dining.

Cava’s profitability and digital engagement, which now accounts for 35.8% of its sales, have helped secure its lead. In contrast, major competitors like Chipotle Mexican Grill and Wingstop have each seen more modest stock growth of around 34%. The latter has been focusing heavily on its physical footprint, with plans to open 138 locations in 2024, as Fast Company previously reported.

Cava’s stock growth is far outperforming its counterparts in the world of fast food, including McDonald’s. The burger giant and other quick-service restaurants have faced challenges with customer traffic this year as rising menu prices have turned off many price-conscious consumers. As of yesterday, McDonald’s stock was essentially flat year to date.

Shares in Spirit Airlines (NYSE: SAVE) are trading down over 64% in premarket as of this writing. SAVE stock is currently hovering around $1.14 per share, having closed at $3.22 per share yesterday. The reason behind the SAVE stock price drop? Reports…

Markets Wait for Key Inflation Data.

Robinhood Markets (NASDAQ: HOOD) stock spiked 7% in Monday’s premarket hours, topping $32 as traders bid up the Bitcoin (BTC/USD) price.

FLR’s third-quarter 2024 results reflect lower-than-expected contributions from the Energy Solutions segment.

Sony shares rose in premarket trade Friday after the company reported booming profit growth in the fiscal second quarter.

Gym chain boosts its outlook for 2024 revenue growth.

Moderna crushed third-quarter expectations on Thursday and turned around a surprise profit. But Moderna stock pulled back.
The post Moderna Slashes Hefty Premarket Gain With A Beat That's 'Not A Beat' appeared first on Investor's Bu…

Stock market indexes are jumping massive amounts in premarket trading in reaction to last night’s election. Donald Trump beat Kamala Harris to recapture the Presidency while Republicans also won more Senate seats. As of Wednesday morning, the last remaining unknown was the House of Representatives. Undecided races could leave it in either Democrat or Republican […]

The post Live Markets Today: Russell 2000 Up 4%, Nasdaq Jumps After Trump Victory | TSLA, DJT, RIVN appeared first on 24/7 Wall St..

JPMorgan (JPM) and Goldman Sachs (GS) both saw their stars rise in Wednesday’s premarket after Donald J.

Howmet Aerospace topped earnings views and lifted its guidance with its Q3 results Wednesday. Shares popped in premarket trade.
The post S&P 500 Defense Leader Breaks Out, Fueled By Industry Backlog appeared first on Investor's Business Daily.

Stock market futures are up across the board in premarket trading this morning after Donald Trump was declared the winner of the 2024 presidential election. As of the time of this writing, S&P futures are up 2.3%, Dow futures are up 2.95%, and Nas…

Pre-Markets in the Green on Election Day

Market uncertainty has crept back into market sentiment, and those recent all-time-high closes may for now be a thing of the past.

Estee Lauder’s Q1 results reflect increased earnings. Sales decline amid challenges in China and travel retail. Management withdraws the fiscal 2025 outlook.

IDXX’s Q3 revenues benefit from strong growth in its CAG and Water segments.

H’s third-quarter 2024 results are aided by an increase in comparable system-wide hotel RevPAR.

Google-parent Alphabet’s breakout cloud sales in the July-September quarter bode well for top cloud providers Microsoft and Amazon.com, and signal that market for AI-aided computing power is only growing.

The company’s stock rose 5.5% i…

TECH registers continued momentum across its Diagnostics & Spatial Biology segment.

ADP Higher Than Expected

ADP private-sector payrolls for October came in at +253K, far ahead of the 113K expected.

Reddit stock is having the best day in its short history after the social media platform announced third-quarter 2024 results yesterday that were better than most analysts expected. Investors are rewarding the company. In premarket trading this mornin…

Alphabet is one of the biggest movers in the pre-market on Wednesday.

CNBC: PayPal shares fall premarket on revenue miss PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations. It's the first earnings report for CEO Alex Chriss since he hit his one-yea…