The market's next trading session will be influenced by Friday's significant stock stories.

The market's next trading session will be influenced by Friday's significant stock stories.
The market's next trading session will be influenced by Friday's significant stock stories.

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During the rebound, Biz Focus Hub's producers were monitoring the market and what's to come in the next session.

  • Despite Wall Street estimates, the company achieved a 50% increase in sales in its fiscal first quarter, following a 76% increase in the previous year. During the post-earnings conference call, the company forecasted higher container and transportation cost headwinds for FY25. Shares rose 3.4% during the regular session but fell 10% in after-hours trading.
  • The company's streaming division recorded an unexpected profit for the first time ever, despite dropping 2.4% during the regular trading day. Paramount also announced it is cutting 15% of its U.S. workforce as part of broader cost savings. Biz Focus Hub's Julia Boorstin will provide the latest updates.
  • The company's full-year sales outlook was boosted, and its earnings missed with a loss of 13 cents per share, which was 3 cents more than the Street's estimates of a loss of 10 cents a share. Revenue came in at $185 million, which was $4 million more than the estimates of $181 million.
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  • The company's earnings and revenue exceeded expectations, resulting in a 3% increase in after-hours trading.
  • After reporting quarterly results, the company tumbled in after-hours trading. The company also unveiled plans for a Los Angeles air taxi network, set to launch as soon as 2026. Biz Focus Hub's Phil LeBeau will cover the story on Friday.

—Jill Schneider

Renovation nation

  • Diana Olick, CNBC's real estate reporter, will cover the increase in home renovations across the United States.
  • She'll have details on Biz Focus Hub Friday.
  • This week, shares have fallen 2%. Despite hitting a 52-week high of 12% in March, the stock is currently 12% below that peak. Year to date, shares have remained flat.
  • The stock is down 1.7% week to date, but it's up 6% in 2024. Despite this, the stock is only 10% from its 52-week high.

Bonds in the U.S.A.

  • Darla Mercado of bizfocushub.com reports that the Federal Reserve may be preparing for a rate cut, so investors will need to seek alternative sources of yield instead of relying on those.
  • Vanguard's Core Bond Fund (VCORX) is one of the core bond funds that investors should consider, with a current 30-day SEC yield of 4.47%.
  • The 30-day yield of Fidelity's Intermediate Bond Fund (FTHRX) is 4.32%.
  • The 30-day SEC yield of Vanguard's Core-Plus Bond Fund (VCPIX) is 4.66%.
  • The Baird Aggregate Bond Fund, known as BAGIX, has a 30-day SEC yield of 4.32%.
  • The 30-day SEC yield of BRTR, BlackRock's Total Return ETF, is 4.97%.

Magnificent gains for the Magnificent Seven

  • The stock increased by 6% on Thursday and is currently 25% below its June 20 high.
  • The stock increased by 4.2% during Thursday's rally and is now 6% away from its July 8 high.
  • The stock has increased by 3.7% since the September high.
  • The stock has increased by nearly 2% since its July high, but is still 15.5% below that peak.
  • The stock was up 1.86% on Thursday and is 17.6% below its July high.
  • The stock has decreased by 8.3% from its July high.
  • The stock is 1% higher than its early July high.
  • Since November 2022, Thursday's session was the best. The top-performing sector of the day was Tech, followed by Communication Services.
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Delta Air Lines and CrowdStrike

  • Last month, the airline reported that the tech outage resulted in a financial loss of $380 million dollars.
  • CrowdStrike stated that it was willing to assist and deemed the airline's account as misleading.
  • "Karen Finerman, a "Fast Money" trader, declared that she was taking a position in CrowdStrike, stating that the sell-off following the crisis had been "exaggerated.""
  • On Thursday, CrowdStrike's stock increased by 4.27%. The stock is currently 40% below its July 9 high.
  • The RSI on the stock is currently at 30.8, which is a metric used by traders to determine if a stock is oversold. An RSI of 30 suggests that the stock may be oversold, while a reading of 70 or higher indicates it's overbought. However, it's important to note that the RSI does not guarantee a stock's price movement, and traders should use it as just one piece of data when making investment decisions.

Make-up

  • E.l.f. sales jumped 50% in the last quarter, but guidance was cautious. Despite this, the stock is up 13% in four days and 30% year to date. However, it's only 15% from the March high.
  • is 43% from the March high.
  • is down 45% in the last year.
  • is 30% from the February high.

—Jason Gewirtz

by Jason Gewirtz