NEWS
Stocks Streak Into Quarter End

U.S. stocks continued their series of record closes, with Mircon’s earnings propelling the semiconductor sector and China’s stimulus boosting equities around the globe. Some traders and investors are pressing their bets into the quarter end, while others are taking profits after this week’s sharp runup. 👀

Today's issue covers Jabil popping with SMCI dropping, CarMax’s sentiment going full circle, and why energy slumped today. 📰

Here’s the S&P 500 heatmap. 8 of 11 sectors closed green, with materials (+2.07%) leading and energy (-1.96%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $DUO, $SOAR, $CNXC, $TAL, $BMEA 📉 $SCHL, $ADPT, $SMCI, $KMX, $MTN*

*If you’re a business and want to access this data via our API, email us.

STOCKS
Jabil Jumps While Super Micro Slips 🧐

Micron’s positive results last night helped boost the overall tech sector, though two big players had very different trading sessions today…

Manufacturing specialist Jabil soared 12% after announcing a restructuring plan and cost reductions in its manufacturing units. While it will take $150 to $200 million in charges during this process, it’s looking to further “right-size” itself for the current environment.

Additionally, its current-quarter earnings per share and revenues topped analyst expectations as its core business looks to regain momentum. And management anticipates improvements will continue, forecasting first-quarter earnings that were slightly higher than Wall Street’s estimate.

Add a $1 billion stock buyback program to the mix, and you’ve got a pretty nice rally in the shares. 👍

Meanwhile, Super Micro Computer’s shares fell 12% after the Department of Justice reportedly opened a probe into the company. It comes after Hindenburg Research disclosed a short position in the chipmaker following “fresh evidence of accounting manipulation.”

With other semiconductor stocks working their way higher, the Stocktwits community flipped to ‘extremely bearish’ on the stock…erasing any benefit from Micron’s bullish comments yesterday. 🐻

Shares are now down 70% from their March high, so we’ll have to wait and see if any dip buyers start to step in or if this regulatory probe is just another reason to avoid the broken growth stock. 😬

STOCKTWITS “CHART ART”
Technology’s Rally Broadens Out To Software 👨‍💻

Stocks continue to trend higher globally, but within the U.S., traders are eying the software sector as the next potential AI beneficiary.

Stocktwits user @gpaisa shared a chart that suggests software sector ETF $IGV could finally break out above its 2021 highs, joining semiconductors as the only sub-industry group in tech to exceed those levels. 📈

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