Major Index Coverages | Another BA Investigation | PLTR Down 10% in AH Despite Double Beat in Q1 | Hims Puts up Big Beat On Earnings
Stocks Top Best 3-day Run of 2024 📈
Stocks saw near session highs today as the markets closed and investors turned to wait and see how earnings would play out. The S&P500 went on the best 3-day run so far of 2024, and investors continued to build on the momentum started from a soft jobs report. Let’s take a look at how our major indexes performed today:
The S&P500 edged up 1% on the day
The Nasdaq Composite saw a 1.2% rise on the day
The Dow Jones Industrial had an increase of 0.5%
Berkshire Hathaway cut part of its position in over the weekend with the stock losing 0.9% as a result of the news. lost more than 1% on the day after the FAA announced its investigation into the 787’s it is currently producing after the company revealed regulators last month left incomplete inspections. is set to report its first earnings after since the win over the Nelson Peltz proxy battle. Disney restructured its earnings report into three core business segments:
Disney Entertainment = Media & Streaming Portfolio
Experiences = Park Business
Sports = ESPN Networks & ESPN+
In After-Market News posted its Q1 earnings and here are the results:
EPS = $0.08 cents adjusted vs $0.08 cents expected
Revenue = $634M vs. $625M expected
Despite a double beat for the AI company, the stock saw a 10% drop in AH trading today. This was due to weak guidance and in some investors eyes the stock being over valued as it is now. The numbers they projected for Q2 also showed conservative growth which is not what the street wanted to hear. the telehealth consultant also reported their Q1 earnings which resulted in:
EPS = $0.05 vs $0.01 expected
Revenue = $278M vs 270.4M expected
The company is also projecting revenue of $1.2B – $1.23B vs previous guidance of $1.17B – $1.2B, they also projected Q2 revenue of $292M vs the expected $288M that was being looked out for on the street.
