Top S&P 500 Movers on Friday

6 hr 13 min ago

Decliners:

• Ulta Beauty (ULTA) shares dropped 6.7% after fellow cosmetics and skin care provider e.l.f. Beauty (ELF) reported lower-than-expected quarterly profits and reduced its full-year guidance. E.L.F. shares tumbled 19.6%, and the CEO of the California-based company pointed to negative impacts in January from the Los Angeles wildfires and the uncertain outlook for TikTok.
• Higher-than-expected wage growth in the January jobs report and worsening consumer sentiment on inflation contributed to an uptick in Treasury yields, and concerns about higher mortgage rates pressured homebuilder stocks. D.R. Horton (DHI) shares fell 5.0%, while shares of other residential construction companies also lost ground. Speculation about the impact of possible tariffs, especially on lumber imported from Canada, has also weighed on the industry.
• Although solar technology company Enphase Energy (ENPH) beat quarterly sales and profit estimates in results released Tuesday, several research firms trimmed their price targets on the stock following the report. Bank of America analysts said an uncertain outlook for overall demand contributed to their scaled-back expectations. Enphase shares lost 4.5% on Friday.

Advancers:

• Expedia Group (EXPE) shares jetted 17.3% higher after a jump in holiday bookings helped the online travel platform beat fourth-quarter sales and profit estimates. Gross bookings and nights booked also came in ahead of consensus forecasts, and Expedia reinstated its quarterly dividend, which it suspended during the COVID-19 pandemic in 2020.
• Take-Two Interactive Software (TTWO) reported a narrower-than-expected quarterly loss, and shares of the video game maker surged 14.0%. The company cited strength from its “NBA 2K” title and affirmed plans for a fall 2025 launch of “Grand Theft Auto VI.” JPMorgan analysts praised Take-Two’s resilient performance despite industry challenges, and the company forecasted record net bookings levels in fiscal 2026 and 2027.
• Monolithic Power Systems (MPWR) topped quarterly sales and profit forecasts, and its shares gained 9.0%. The power management chipmaker highlighted strong sales growth in its enterprise data and automotive businesses, driven by demand for artificial intelligence (AI) and advanced driver assistance systems. Monolithic’s sales forecast for the current quarter also exceeded estimates, and KeyBanc analysts lifted their price target on the stock.
• Billionaire investor Bill Ackman said his fund Pershing Square Capital Management has accumulated a stake worth over $2 billion in Uber Technologies (UBER), and shares of the ridesharing giant added 6.6%. Friday’s gains marked a bounce back from losses earlier in the week after Uber issued guidance for underwhelming gross bookings for the current quarter.

–Michael Bromberg

Supermicro Stock Extends Gains Ahead of Tuesday’s Earnings

7 hr 19 min ago

Super Micro Computer (SMCI) shares surged Friday, extending gains ahead of the company’s second-quarter update expected after markets close Tuesday.

Shares of the server maker and Nvidia (NVDA) partner were up more than 5% to $35.74 late in the session Friday, making it one of the best-performing stocks in the S&P 500. With Friday’s gains, the stock is up about 31% since the update was announced Monday, raising hopes the firm will be able to submit its delayed filings and preserve its public listing.

Supermicro also said Wednesday it is ramping to “full production availability” of its artificial intelligence data center solutions platform, which is “accelerated by the NVIDIA Blackwell platform.

Still, Supermicro shares have lost more than half their value over the past 12 months amid concerns about the company’s accounting practices and delinquent regulatory disclosures. The server maker now has until Feb. 25 to submit its delayed annual report from its fiscal year ended last June, or it could face delisting by the Nasdaq.

Supermicro formed an independent special committee, which said in December that its probe of the company, “did not raise any substantial concerns about the integrity of Supermicro’s senior management.”

–Andrew Kessel

Doximity Stock Soars as AI Boosts Results

8 hr 8 min ago

Shares of Doximity (DOCS) skyrocketed on Friday, a day after the telehealth software provider posted better-than-anticipated results and guidance as it added customers, boosted through the use of artificial intelligence (AI).

The company posted fiscal 2025 third-quarter adjusted earnings per share (EPS) of $0.45, while analysts surveyed by Visible Alpha expected $0.34. Revenue increased almost 25% year-over-year to $168.6 million, also above forecasts.

Co-founder and CEO Jeff Tangney said Doximity had “another quarter of record engagement in Q3, with over 610,000 unique providers using our clinical workflow tools.” Tangney added that the company’s AI offerings “grew the fastest last quarter, up 60% over the prior quarter, while our newsfeed surpassed more than one million unique providers.”

Doximity sees full-year adjusted EBITDA between $306.6 million and $307.6 million, with revenue of $564.6 million and $565.6 million. The Visible Alpha estimates were for $282.5 million and $497.5 million, respectively.

Doximity shares surged 35% in recent trading to $79.07, their highest level since September 2021. Their value has nearly tripled in the last year.

–Bill McColl

Watch These Cloudflare Price Levels as Stock Surges After Earnings

9 hr 3 min ago

Cloudflare (NET) shares soared about 20% on Friday after its fourth-quarter earnings topped analyst expectations.

The company, which provides services to secure websites and artificial intelligence (AI) applications, said that it added a record number of large customers in the quarter and anticipates demand this year will accelerate growth.

Cloudflare shares carved out an 11-month cup and handle before breaking out above the pattern’s top trendline late last month, signaling a continuation of the stock’s longer-term uptrend.

Investors can forecast upside price targets in the stock by using the measuring principle, a technique that analyzes chart patterns to project future price movements.

When applying the technique to forecast a points-based target, we calculate the distance of the cup and handle’s cup in points and add that amount to the pattern’s top trendline. For instance, we add $54 to $116, which projects a target at $170, 20% above Thursday’s close.

To project a percentage-based target using the measuring principle, we calculate the percentage change of the cup and handle’s “cup” and add it to the pattern’s top trendline value. For example, we apply an 87.1% increase to $116, which forecasts an upside target of $217.04, about 53% above yesterday’s closing price.

During profit-taking periods, investors should initially watch the $140 level, a level on the chart where the shares may encounter support near the upper range of this week’s consolidation price action.

Finally, selling below this level could see a retest of the key $116 level, This area would likely attract buying interest near the 50-day MA and cup and handle’s top trendline, which may flip from a region of prior resistance into future support.

–Timothy Smith

E.l.f Beauty Stock Plummets on Lowered Guidance After Weak January Sales

10 hr 8 min ago

E.l.f. Beauty (ELF) shares sank 20% Friday, a day after the cosmetics retailer lowered its outlook for its fiscal full year following soft sales in January.

The retailer said it now expects full-year sales of between $1.3 billion and $1.31 billion, below the $1.315 billion to $1.335 billion it had forecast earlier, and undershooting consensus estimates compiled by Visible Alpha of $1.34 billion.

“Given softer than expected trends in January, we are taking a prudent approach and lowering our outlook for the final quarter of our fiscal year,” said Chief Financial Officer Mandy Fields, adding that the new outlook for fiscal 2025 reflected a 27%-28% gain in net sales year-over-year, versus a 28-30% rise before.

The reduced guidance comes as the company, known for its vegan cosmetics, reported third-quarter earnings that undershot estimates by a wide margin.

The company posted third-quarter adjusted earnings per share (EPS) of 74 cents, missing projections by 2 cents, as per Visible Alpha. Revenue of $355.3 million, up 31% year-over-year, was above analysts’ estimates, however.

Shares in e.l.f. Beauty have lost more than half their value in the past year.

–Nisha Gopalan

Expedia Stock Hits All-Time High on Soaring Bookings

11 hr 15 min ago

Expedia Group (EXPE) shares traded at an all-time high Friday, a day after the travel website reported better-than-expected results and reinstated its dividend on strong bookings during the holiday quarter.

The company’s fourth-quarter gross bookings rose nearly 13% to $24.4 billion, and nights booked totaled 86.4 million. Analysts surveyed by Visible Alpha were looking for $23.2 billion and 84.2 million, respectively.

Expedia posted adjusted earnings per share (EPS) of $2.39 and revenue up 10% to $3.18 billion. Those were also above forecasts.

CEO Ariane Gorin said the performance reflected Expedia’s “continued strong execution and better-than-expected travel demand.”

The company also reinstated and raised its quarterly dividend, which it had suspended in the second quarter of 2020 because of concerns about the impact of the COVID-19 outbreak on travel demand. Gorin explained that move “reflects our confidence in our long-term outlook and commitment to shareholder returns.”

Shares of Expedia Group were up more than 18% midday Friday to lead S&P 500 gainers. The stock has risen 32% in the past year.

–Bill McColl

Pinterest Stock Soars on Higher-than-Expect Revenue, Record Monthly Users

12 hr 28 min ago

Pinterest (PINS) shares jumped Friday morning after the social media service reported record monthly active users and fourth-quarter revenue that topped estimates.

The company reported revenue that surpassed $1 billion for the first time at $1.15 billion, up 18% year-over-year and narrowly beating consensus estimates compiled by Visible Alpha. It was also higher than the Q4 revenue of $1.125 billion to $1.145 billion the company had projected last quarter. Adjusted earnings per share (EPS) of $0.56 missed expectations of $0.65.

Pinterest had a record 553 million global monthly active users in Q4, up 11%.

“Our strategy is paying off,” Pinterest CEO Bill Ready said. “People are coming to Pinterest more often, the platform has never been more actionable, and our lower funnel focus is driving results for users and advertisers.”

Pinterest, which has rolled out artificial intelligence (AI) tools for advertisers, said it expects first-quarter revenue between $837 million and $852 million, with the midpoint of the range below Visible Alpha consensus. 

Citi analysts reiterated their “buy” call on the stock Friday, saying that the results have given them “greater conviction that Pinterest is in the earlier days of its transition to an always-on, performance platform.”

Pinterest shares rose 18% Friday, but have still lost about 3% of their value in the past year.

–Nisha Gopalan

Major Indexes on Track for Weekly Gains

13 hr 23 min ago

Heading into Friday’s session, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were on pace to post gains for the week.

The Dow was up 0.5% for the week through yesterday’s close, while the S&P 500 and Nasdaq had added 0.7% and 0.8%, respectively.

The Dow and S&P 500 entered trading Friday just 0.6% away from all-time closing highs, while the Nasdaq was 1.9% below its record close.

Amazon Levels to Watch as Stock Slides on Tepid Outlook

14 hr 2 min ago

Amazon (AMZN) shares lost ground in premarket trading Friday after the tech giant reported cloud computing revenue below expectations and issued a tepid outlook for the current quarter.

Amazon shares have trended higher in a rising wedge since July last year, with the price finding support multiple times near the pattern’s lower trendline and 50-day moving average (MA).

During recent trading sessions, the stock has traded towards the wedge’s upper trendline but was unable to stage a decisive breakout ahead of the company’s quarterly results.

Moreover, as the shares set a record high earlier this week, the relative strength index (RSI) failed to also register a new high, creating a bearish divergence  between the price and indicator, a technical signal pointing to waning buying momentum. Indeed, Friday’s projected lower open sets the stage for a possible retest of the rising wedge pattern’s lower trendline.

Important support levels sit on Amazon’s chart around $230, $216, and $200. If the stock resumes its longer-term uptrend, investors should monitor a measured move price target at $290.

Read the full technical analysis piece here.

–Timothy Smith

Major Stock Index Futures Little-Changed Before Jobs Report

14 hr 55 min ago

Dow Jones Industrial Average futures were up less than 0.1%.

S&P 500 futures were down less than 0.1%.

Nasdaq 100 futures were also down fractionally.