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Snap's "Headwinds" Plunge Stock
And Starbucks boasts, Wall St. scoffs.
Today is Wednesday, April 30, 2025.
The Early Bird Index today is 70.59
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Snap's "Headwinds" Plunge Stock
Despite posting better-than-expected financial results, Snapchat parent Snap $SNAP ( ▼ 12.43% ) plunged 14.41% in after-hours trading on Tuesday.
Financials: Snap reported a loss of 8 cents per share and revenue of $1.3 billion in the past quarter; both were better than expected.
Details: The social media company declined to provide an outlook for the current quarter due to “headwinds” it is experiencing in the economy.
Early Bird’s Nest Egg Gains: Snap is facing a convergence of significant headwinds in 2025, including weakness in the digital advertising market and competitive pressures.
Final Thoughts: Snap was already down 19% this year. Oh, Snap!
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Notables
Notable Earnings Today: Meta Platforms (Nasdaq: META), Microsoft (Nasdaq: MSFT), Caterpillar (NYSE: CAT), Robinhood Markets (Nasdaq: HOOD), Humana (NYSE: HUM), Albemarle (NYSE: ALB), Automatic Data Processing (Nasdaq: ADP), Western Digital (Nasdaq: WDC), Qualcomm (Nasdaq: QCOM), Etsy (Nasdaq: ETSY), eBay (Nasdaq: EBAY), GlaxoSmithKline (NYSE: GSK), Norwegian Cruise Line (NYSE: NCLH), Teladoc (NYSE: TDOC), Stanley Black & Decker (NYSE: SWK), Yum! Brands (NYSE: YUM), MGM Resorts (NYSE: MGM), Generac (NYSE: GNRC), International Paper (NYSE: IP), GeneDx (Nasdaq: WGS), Pilgrim's Pride (Nasdaq: PPC), MetLife (NYSE: MET), NETGEAR (Nasdaq: NTGR), Hess (NYSE: HES), Wingstop (Nasdaq: WING), Canadian Pacific Kansas City (NYSE: CP), GE HealthCare (Nasdaq: GEHC), Prudential (NYSE: PRU), Wyndham Hotels & Resorts (NYSE: WH), Allstate (NYSE: ALL), Vulcan Materials (NYSE: VMC), Yum China (NYSE: YUMC), XPO (NYSE: XPO), Green Brick Partners (NYSE: GRBK), AerCap (NYSE: AER), Aflac (NYSE: AFL), Align Technology (Nasdaq: ALGN), Bausch Health (NYSE: BHC), Bausch + Lomb (NYSE: BLCO), Bloom Energy (NYSE: BE), Brookfield Infrastructure (NYSE: BIP), C.H. Robinson (Nasdaq: CHRW), Cheesecake Factory (Nasdaq: CAKE), Clean Harbors (NYSE: CLH), Clearway Energy (NYSE: CWEN), Confluent (Nasdaq: CFLT), Crown Castle (NYSE: CCI), DT Midstream (NYSE: DTM), Evercore (NYSE: EVR), Extreme Networks (Nasdaq: EXTR), Federal Signal (FSS), Fresh Del Monte (NYSE: FDP), Garmin (NYSE: GRMN), Herbalife Nutrition (NYSE: HLF), Host Hotels (Nasdaq: HST), Illinois Tool Works (NYSE: ITW), Invitation Homes (NYSE: INVH), Ionis Pharmaceuticals (Nasdaq: IONS), KLA Corp (Nasdaq: KLAC), Lancaster Colony (Nsadaq: LANC), Lincoln Electric (Nasdaq: LECO), Newell Brands (Nasdaq: NWL), Newmark Group (Nasdaq: NMRK), Oshkosh (NYSE: OSK), Penske Auto (NYSE: PAG), PTC (Nasdaq: PTC), Public Storage (NYSE: PSA), Scotts Miracle-Gro (NYSE: SMG), Sleep Number (Nasdaq: SNBR), Sprouts Farmers Market (Nasdaq: SFM), Timken (NYSE: TKR), TTM Technologies (Nasdaq: TTMI), Udemy (Nasdaq: UDMY), United Therapeutics (Nasdaq: UTHR).
Notable IPOs Today: GBank Financial Holdings Inc. Common Stock (Nasdaq: GBFH), Lakeshore Acquisition III Corp. Unit (Nasdaq: LCCCU), Yuanbao Inc. American Depositary Shares (Nasdaq: YB), Berto Acquisition Corp. Unit (Nasdaq: TACOU), M-tron Industries, Inc. (NYSE American: MPTI).
Notable Equity Crowdfunding Campaigns Ending Today: Citizens Coffee (StartEngine), AptDeco (Wefunder), Spearhead Spirits (Wefunder), Ginjan Bros (Wefunder), DataBiologics (Wefunder), Focus V (StartEngine).
Notable Economic Events Today: ADP Nonfarm Employment Change (8:15 a.m. ET), GDP (8:30 a.m. ET), S&P Case-Shiller home price index (8:30 a.m. ET), Chicago PMI (9:45 a.m. ET), PCE Price Index / Core PCE Price Index (10:00 a.m. ET), Pending Home Sales (10:00 a.m. ET), Personal Spending (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET).
Starbucks Boasts, Wall St. Scoffs
Starbucks $SBUX ( ▼ 5.66% ) sounded optimistic about its financial results, but investors were not impressed. The stock fell 6.51% in after-hours trading on Tuesday.
Financials: Starbucks reported earnings of 41 cents per share and revenue of $8.8 billion in the past quarter; both were lower than expected.
Final Thoughts: CEO Brian Niccol said the company was “on track” for a turnaround, but these results came up short.
Super Micro Posts Bad Preliminary Results
Super Micro Computer $SMCI ( ▼ 11.5% ) plummeted 15% in after-hours trading on Tuesday after posting preliminary financial results that were lower than anticipated.
Final Thoughts: How bad was the news from Super Micro? It caused other tech stocks to fall in after-hours trading.
Trends to Watch
Undervalued, Maybe: Bitcoin price still in bargain zone as US jobs report sparks rate cut hopes (Cointelegraph)
Consumers Still Spending: Visa Revenue Rises; CEO Says Consumer Remains Resilient (Wall Street Journal)
Bad News Travels Fast: Booking Tweaks Revenue Outlook on Increased Economic Uncertainty (Bloomberg)
No Transparency on Amazon: Amazon says displaying tariff cost ‘not going to happen’ after White House blowback (CNBC)
Layoffs Delivered: UPS is cutting 20,000 jobs. It’s not what you think (CNN)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.