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NEWS
The Market Of Stocks Returns

Performance among indivdiual stocks continues to deviate, as the major indexes chop around in their recent ranges. With buyers and sellers lacking a clear catalyst to take control of the market, individual earnings and news is ruling the day as investors look for opportunities and traders cash in on the volatility. 👀 

Today's issue covers Super Micro’s latest surprise, Upstart and others getting a Lyft after earnings, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 9 of 11 sectors closed green, with consumer staples (+0.96%) leading and consumer discretionary (-1.14%) lagging.

And here are the closing prices: 

EARNINGS
Super Micro’s Latest Surprise 🤔 

Super Micro Computer delivered a business update on its fiscal second-quarter, posting adjusted earnings per share of $0.58 to $0.60 per share on revenues of $5.6 to $5.7 billion. Those measures were below the consensus views of $0.61 and $5.77 billion.

Additionally, its revenue guidance of $5 to $6 billion for the current quarter is unlikely to meet the $5.92 billion Wall Street estimate. Notably, the company said it expects to file its 10-K for the year ended June 30, 2024 and 10-Q for the quarter ended September, 2024 by the Nasdaq’s February 25th deadline. 🗓️ 

CEO Charles Liang said the company is paving the way for $40 billion in revenue during fiscal 2026 (well above the $29.2 billion consensus view), even though fiscal 2025’s revenue missed estimates by a wide margin. 🙃 

Shares surged 8% after the bell on this optimistic outlook. However, a minority of users feel more cautious, waiting to see if the company can actually meet its deadlines to file audited financial statements.

A Stocktwits poll indicates that two-thirds of the 3,700+ respondents view today’s $700 million convertible note offering as a positive. With the Nasdaq’s deadline approaching, time will tell if the optimism pays off! 🤷 

By the way, have you seen the earnings recaps we’ve begun rolling out on Stocktwits? AI earnings summaries are coming soon for all major earnings events, making Stocktwits the premiere spot to listen to earnings calls, get a recap of the results, and discuss the trade with other active investors and traders. Check it out! 👇️ 

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