Sprouts Farmers' Healthy Surge

And, Lattice Semiconductor's headwinds.

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Today is Tuesday, July 30, 2024.

The Early Bird Index today is 71.53.

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Sprouts Farmers' Healthy Surge

Shares of Sprouts Farmers Market (Nasdaq: SFM), a supermarket chain that sells natural and organic groceries, jumped 15.17% in after-hours trading on Monday after reporting strong financial earnings results.

Financials: The company reported earnings of 94 cents per share in the past quarter and revenue of $1.9 billion; both were better than expected.

Details: Sales grew 12% in the quarter and Sprouts Farmers Market raised its full-year guidance.

Early Bird’s Nest Egg Gains: Natural and organic food businesses are experiencing a strong 2024 due to advancements in distribution and retail channels and growing consumer demand, with nearly half of those aged 30-39 typically buying organic.

Final Thoughts: Sprouts Farmers Market was up 72% in 2024 before these outstanding results.

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Notables

Notable Earnings Today: Microsoft (Nasdaq: MSFT), Advanced Micro Devices (Nasdaq: AMD), Procter & Gamble (NYSE: PG), SoFi Technologies (Nasdaq: SOFI), PayPal Holdings (Nasdaq: PYPL), Starbucks (Nasdaq: SBUX), Pfizer (NYSE: PFE), Arista Networks (NYSE: ANET), Pinterest (NYSE: PINS), Electronic Arts (Nasdaq: EA), JetBlue Airways (Nasdaq: JBLU), Mondelez International (Nasdaq: MDLZ), Skyworks Solutions (Nasdaq: SWKS), Archer-Daniels-Midland (NYSE: ADM), Live Nation (NYSE: LYV), Match Group (Nasdaq: MTCH), Stanley Black & Decker (NYSE: SWK), Corning (NYSE: GLW), Caesars Entertainment (Nasdaq: CZR), Merck (NYSE: MRK), Lemonade (NYSE: LMND), Phillips 66 (NYSE: PSX), Denny's (Nasdaq: DENN), Lending Club (NYSE: LC), BP (NYSE: BP), Western Union (NYSE: WU), First Solar (Nasdaq: FSLR), Enterprise Products (NYSE: EPD), Leidos (NYSE: LDOS), A10 Networks (NYSE: ATEN), AGCO Corp (NYSE: AGCO), American Electric Power (Nasdaq: AEP), American Tower (NYSE: AMT), Armstrong World Industries (NYSE: AWI), Axos Financial (NYSE: AX), CCC Intelligent Solutions (Nasdaq: CCCS), CECO Environmental (Nasdaq: CECO), CenterPoint Energy (NYSE: CNP), Commvault Systems (Nasdaq: CVLT), DoubleVerify (NYSE: DV), DT Midstream (NYSE: DTM), Ecolab (NYSE: ECL), Extra Space Storage (NYSE: EXR), Freshworks (Nasdaq: FRSH), Gartner (NYSE: IT), GeneDx Holdings (Nasdaq: WGS), Graphic Packaging (NYSE: GPK), H&E Equipment (Nasdaq: HEES), Hawaiian Holdings (Nasdaq: HA), Hayward Holdings (NYSE: HAYW), Houlihan Lokey (NYSE: HLI), Howmet Aerospace (NYSE: HWM), Hubbell (NYSE: HUBB), Huron Consulting (Nasdaq: HURN), Illinois Tool Works (NYSE: ITW), Inari (Nasdaq: NARI), Incyte (Nasdaq: INCY), Informatica (NYSE: INFA), International Game Technology (NYSE: IGT), IPG Photonics (Nasdaq: IPGP), Landstar System (Nasdaq: LSTR), LGI Homes (Nasdaq: LGIH), Neogen (Nasdaq: NEOG), NMI Holdings (Nasdaq: NMIH), Pacira BioSciences (Nasdaq: PCRX), Penumbra (NYSE: PEN), Public Storage (NYSE: PSA), Qorvo (Nasdaq: QRVO), Repligen (Nasdaq: RGEN), Scorpio Tankers (NYSE: STNG), Stryker (NYSE: SYK), Sysco (NYSE: SYY), UFP Industries (Nasdaq: UFPI), Voya Financial (NYSE: VOYA), Watsco (NYSE: WSO), W.P. Carey (NYSE: WPC), Werner Enterprises (Nasdaq: WERN), Xylem (NYSE: XYL), Zebra Technologies (Nasdaq: ZBRA).

Notable IPOs Today: Pershing Square USA, Ltd. (NYSE: PSUS), Heramba Electric plc Ordinary Shares (Nasdaq: PITA).

Notable Equity Crowdfunding Campaigns Ending Today: CheckN Holdings (Wefunder), NASCEND (Wefunder), ViiT Health (Wefunder), Thinkster Learning (StartEngine).

Notable Economic Events Today: S&P Case-Shiller home price index (9:00 a.m. ET), CB Consumer Confidence (10:00 a.m. ET), JOLTs Job Openings (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Lattice Semiconductor's Headwinds

Source: Lattice Semiconductor / Facebook.com

Lattice Semiconductor (Nasdaq: LSCC) fell 13.85% in after-hours trading on Monday after disclosing financial earnings and sales that were both lower than expected.

Quote: "Second quarter 2024 results reflect the impact of cyclic industry headwinds.” - Esam Elashmawi, interim CEO.

Final Thoughts: The stock was down 19% in 2024 before these results.

F5 Networks Posts Good Results

Strong financial results pulled F5 Networks (Nasdaq: FFIV) up by 12.76% in after-hours trading on Monday.

Final Thoughts: The company’s stock was only up 0.77% this year before the results.

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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.