| | | | A canned soup giant’s stock is falling after lowering its full-year sales and profit outlook, an RV manufacturer is also slipping after revising its outlook downward, and a tech stock is soaring on a new $45-million order. Here’s what moving the markets today. | |
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| Technology (Sponsored) | | | Personal data is a multi-billion-dollar industry, and for years, big tech, banks, and retailers have been cashing in—without paying the people who generate it. | While companies like Apple, Samsung, and Allstate profit from tracking user behavior, this company lets users get paid instead of being used as income streams. | With their EarnPhone technology, users earn money simply by listening to music, playing games, or charging their phones—a model that has already helped users save and earn over $325 million. | Recognized as North America’s fastest-growing software company by Deloitte, this company just secured its Nasdaq ticker ($MODE) and is gearing up for a potential IPO. | With a model disrupting a hundred-billion-dollar industry, this could be a rare chance to invest before Wall Street catches on. | Pre-IPO shares are available now at just $0.26—plus 100% bonus shares. |
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| | | | What to Watch | Earnings: | Marvell Technology, Inc. (MRVL): Aftermarket Veeva Systems Inc. (VEEV): Aftermarket Zscaler Inc. (ZS): Aftermarket MongoDB, Inc. (MDB): Aftermarket Landbridge Company LLC (LBD): Aftermarket | Economic Reports: | ADP employment [Feb]: 8:15 a.m. S&P final U.S. services PMI [Feb]: 9:45 a.m. Factory orders [Jan]: 10:00 a.m. ISM services [Feb]: 10:00 a.m. |
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| | Packaged Foods | Campbell’s Shares Falling 5% After Lowering Sales and Profit Outlook | | Campbell’s Co. (NYSE: CPB) revised its full-year sales and profit forecasts downward, citing weaker demand for its snack products in a competitive market. | The company’s stock is down 5% in premarket trading. | As inflation-driven price hikes weigh on consumer spending, Campbell’s and other packaged food giants, including PepsiCo, have faced increased pressure from budget-conscious shoppers turning to lower-cost store brands. | For fiscal 2025, Campbell’s is now expecting net sales to grow between 6% and 8%, down from its previous estimate of 9% to 11%. | The updated projection does not take into account potential U.S. import tariffs or possible retaliatory measures from other countries. | CEO Mick Beekhuizen acknowledged that anticipated sales improvements did not materialize in some snack categories, prompting a more conservative outlook for the remainder of the fiscal year. | Campbell’s also reduced its adjusted earnings per share forecast to a range of $2.95 to $3.05, down from the previous expectation of $3.12 to $3.22. | For the quarter ended January 26, net sales are up 9% to $2.69 billion, slightly below analyst projections of $2.74 billion. | On an adjusted basis, the company reported earnings of 74 cents per share, surpassing the expected 72 cents. |
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| | Freight Platform | Full Truck Alliance Reports Lower Q4 Profit but Sees Strong Revenue Outlook | | Chinese digital freight platform Full Truck Alliance (NYSE: YMM) projects revenue growth for the first quarter despite reporting lower profits for the fourth quarter. | The company’s stock is up 7% in premarket trading. | For the first quarter, Full Truck Alliance expects total net revenue between RMB2.63 billion ($362 million) and RMB2.68 billion ($369 million), reflecting a year-over-year increase of 15.9% to 18.1%. | The company’s board is also introducing a semi-annual dividend policy, starting in 2025, with a planned total cash dividend of approximately $200 million for the year. | The first approved dividend amounts to RMB0.035 ($0.0048) per ordinary share, or RMB0.69 ($0.096) per American depositary share (ADS), totaling around $100 million. | The dividend will be paid on April 18 to shareholders recorded as of April 7. | Additionally, Full Truck Alliance is extending its share buyback program. | Originally set to expire in March 2024, the program now allows for repurchases of up to $300 million through March 12, 2025. | The board has further approved an extension permitting up to $200 million in additional repurchases beyond that date. | For the fourth quarter, net income is down to RMB558.46 million ($76.8 million) from RMB584.09 million ($80.39 million) a year earlier. | Adjusted earnings reached RMB1.035 billion ($142.4 million), while revenue surged 31.9% to RMB3.174 billion ($436.85 million). | The company plans to fund these repurchases using its existing cash reserves. | (Exchange rate: 1 Chinese Yuan = 0.14 U.S. Dollar) |
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| | | | RV Manufacturing | Thor Industries Plunging on Lower Full-Year Outlook as Market Pressures Persist | | Thor Industries (NYSE: THO) reported below-expectation second-quarter earnings today, despite beating its revenue forecasts. | The company's stock is plunging more than 4% in premarket trading. | For the quarter ended January 31, Thor posted a per-share loss of $0.01, missing the anticipated earnings of $0.08 per share. | Despite this, revenue reached $2.02 billion, surpassing the projected $1.97 billion. | However, net sales are down 8.6% year-over-year, primarily due to weaker shipments in its North American Motorized and European RV divisions. | The company’s gross profit margin is also down slightly to 12.1% from 12.3% in the same period last year. | CEO Bob Martin highlighted that the company’s performance is in line with internal projections, noting slight but promising improvements in recent retail events. | Thor also revised its fiscal 2025 outlook, tightening its revenue expectations to between $9.0 billion and $9.5 billion, down from the prior range of $9.0 billion to $9.8 billion. | Additionally, the company lowered its diluted EPS forecast to $3.30 to $4.00, compared to the earlier estimate of $4.00 to $5.00. | The RV manufacturer pointed to ongoing economic challenges and difficult market conditions in key segments as the primary reasons for its adjusted guidance. |
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| | Clothing Retail | Abercrombie & Fitch Shares Slump On Slower Sales Growth Projections | | Abercrombie & Fitch (NYSE: ANF) projects annual sales growth below market expectations, citing weak consumer demand for higher-priced clothing. | The clothing retailer’s stock is down about 7% in premarket trading. | Persistent inflation and economic uncertainty have dampened consumer spending on discretionary items, with February seeing particularly slow sales. | The company also noted the potential impact of tariffs introduced in February on imports from China, Mexico, and Canada. | For the fiscal year, Abercrombie & Fitch expects net sales to increase between 3% and 5%, falling short of analysts' projected 6.77% growth. | Additionally, the company forecasts an operating margin of 14% to 15%, factoring in the tariff-related costs. | Despite the softer outlook, the company announced a significant $1.3 billion stock repurchase program, signaling confidence in long-term performance. |
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| | Movers and Shakers | | ARB IOT Group Limited [ARBB] - Last Close: $0.52 | ARB IOT Group Limited is a technology solutions provider specializing in IoT and AI-driven computing systems. | Its shares are surging 75% in premarket trade after securing a $45-million order to supply 500 ARB-222 AI servers to Malaysian tech firm Gajah Kapitalan. | My Take: The AI boom is driving demand for powerful computing infrastructure, so this deal could be a big milestone for ARB. However, this is a tiny stock with high volatility, so make sure you hedge your bets before investing here. |
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| Chimerix, Inc. [CMRX] - Last Close: $4.96 | Chimerix, Inc., is a biotech company developing novel therapies for life-threatening diseases, including cancer and infectious diseases. | Its shares are rising 70% premarket after Jazz Pharmaceuticals (JAZZ) announced a $935 million all-cash acquisition. The deal, valued at $8.55 per share, offers a 72% premium to Chimerix’s previous close and grants Jazz access to its experimental brain tumor treatment. | My Take: This buyout is a huge win for Chimerix investors, given its 313% rise in the past year. However, Jazz’s ability to commercialize the therapy successfully will determine the real long-term impact. Keep a close watch as the acquisition progresses. |
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| Astronics Corporation [ATRO] - Last Close: $19.96 | Astronics Corporation is a leading provider of advanced technologies for the aerospace, defense, and electronics industries. | Its shares are up 13% in early trading following a strong Q4 earnings report. The company posted adjusted EPS of $0.48, crushing estimates of $0.28, and sales of $208.5 million, beating forecasts of $194.9 million. | My Take: Its 2025 revenue guidance of $820M-$860M is also positive. However, the company has struggled with profitability in recent quarters, so it might be best to adopt a wait and watch approach here. |
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| | | | | | That’s all for today. Thank you for reading. If you have any feedback, please reply to this email. | Best Regards, | — Adam Garcia Elite Trade Club |
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