NXP's "Challenging" Market

Plus, TripAdvisor's tours business.

Today is Tuesday, November 7, 2023.

The Early Bird Index today is 54.27.

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NXP's "Challenging" Market

NXP Semiconductor (Nasdaq: NXPI) ticked up 0.098% in after-hours trading on Monday after the company posted mixed financial results.

Financials: NXP reported earnings of $3.70 per share in the past quarter and revenue of $3.43 billion; both were better than expected.

Details: Revenue declined 0.3% year-over-year. The automotive unit grew but the revenue for the industrial and IoT unit dropped.

Quote: “Revenue for the full year 2023 will be flat versus 2022 in a challenging and cyclical market environment.” - CEO Kurt Sievers.

Final Thoughts: NXP is up 17.9% this year. While the automotive segment is growing, there are concerns about the market environment for semiconductors.

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Notable Earnings Today: Bumble (Nasdaq: BMBL), Uber Technologies (NYSE: UBER), Rivian Automotive (Nasdaq: RIVN), eBay (Nasdaq: EBAY), Robinhood Markets (Nasdaq: HOOD), Celsius Holdings (Nasdaq: CELH), Devon Energy (NYSE: DVN), Datadog (Nasdaq: DDOG), Upstart (Nasdaq: UPST), D.R. Horton (NYSE: DHI), Occidental Petroleum (NYSE: OXY), Gilead Sciences (Nasdaq: GILD), GlobalFoundries (Nasdaq: GFS), ContextLogic (Nasdaq: WISH), Toast (NYSE: TOST), Zimmer Biomet (NYSE: ZBH), Lucid Group (Nasdaq: LCID), Mosaic (NYSE: MOS), H&R Block (NYSE: HRB), ACM Research (Nasdaq: ACMR), Planet Fitness (NYSE: PLNT), The Lion Electric Company (NYSE: LEV), Axon (Nasdaq: AXON), Vertex Energy (Nasdaq: VTNR), Dutch Bros (NYSE: BROS), Emerson (NYSE: EMR), Melco Resorts & Entertainment (Nasdaq: MLCO), AdaptHealth (Nasdaq: AHCO), Air Products (NYSE: APD), Akamai Technologies (Nasdaq: AKAM), Amplitude (Nasdaq: AMPL), Andersons (Nasdaq: ANDE), Angi (Nasdaq: ANGI), Array Technologies (Nasdaq: ARRY), Ballard Power (Nasdaq: BLDP), bluebird bio (Nasdaq: BLUE), Brighthouse Financial (Nasdaq: BHF), Brinks (NYSE: BCO), CarGurus (Nasdaq: CARG), CAVA Group (NYSE: CAVA), Choice Hotels (NYSE: CHH), Civitas Resources (NYSE: CIVI), CNH Industrial (NYSE: CNHI), Corsair Gaming (Nasdaq: CRSR), Coupang (NYSE: CPNG), Darling Ingredients (NYSE: DAR), DaVita (NYSE: DVA), Delek US Holdings (NYSE: DK), Extra Space Storage (NYSE: EXR), Fidelity National Information Services (NYSE: FIS), Fidelity National Financial (NYSE: FNF), Flywire (Nasdaq: FLW), Globus Medical (NYSE: GMED), Gogo (Nasdaq: GOGO), GoPro (Nasdaq: GPRO), Grocery Outlet (Nasdaq: GO), GXO Logistics (NYSE: GXO), Hain Celestial (Nasdaq: HAIN), IAC (Nasdaq: IAC), International Money Express (Nasdaq: IMXI), International Seaways (NYSE: INSW), James River Group (Nasdaq: JRVR), Klaviyo (NYSE: KVYO), KKR (NYSE: KKR), Kyndryl (NYSE: KD), Mannkind (Nasdaq: MNKD), Novanta (Nasdaq: NOVT), OraSure (Nasdaq: OSUR), Primerica (NYSE: PRI), Progyny (Nasdaq: PGNY), Rackspace Technology (Nasdaq: RXT), RXO (NYSE: RXO), Sleep Number (Nasdaq: SNBR), Squarespace (NYSE: SQSP), Upwork (Nasdaq: UPWK), Viatris (Nasdaq: VTRS), W&T Offshore (NYSE: WTI), Waters (NYSE: WAT).

Notable IPOs Today: Linde plc Ordinary Shares (Nasdaq: LIN). 

Notable Equity Crowdfunding Campaigns Ending Today: Thrive and Grow Farms (Wefunder), Coral Spirits (StartEngine), Needworking, Inc. (Netcapital), Sun & Swell (Wefunder).

Notable Economic Events Today: Trade Balance / Exports / Imports (8:30 a.m. ET), EIA Short-Term Energy Outlook (12:00 p.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

TripAdvisor's Tours Business

TripAdvisor (Nasdaq: TRIP) jumped 12.35% in after-hours trading on Monday after the travel platform posted better-than-expected financial results. 

Final Thoughts: Viator, TripAdvisor’s tours and attractions business, jumped 41%. Even though Tripadvisor’s stock is down this year, these results could turn the stock around.

Hims & Hers Health Announces $50 Million Stock Buyback

Although Hims & Hers Health (NYSE: HIMS) missed on its financial earnings, the company announced a $50 million stock buyback. The stock jumped 6.53% in Monday’s after-hours trading.

Final Thoughts: This is good news for the telehealth stock, which is currently flat for the year.

Trends to Watch

WeDone: WeWork Files for Bankruptcy (Wall Street Journal)

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