Super Micro’s Market Leadership

And, Whirlpool’s lower sales outlook.

Today is Tuesday, January 30, 2024.

The Early Bird Index today is 64.49.

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Super Micro’s Market Leadership

Super Micro Computer (Nasdaq: SMCI) surged by 10.46% in after-hours trading on Monday after the information technology company posted strong financial results.

Financials: Super Micro reported earnings of $5.59 per share in the past quarter and revenue of $3.66 billion; both were better than expected.

Powering the Story: On January 18, Super Mirco released preliminary financial results. Well, it turns out that its actual results on Monday surpassed those original projections from two weeks ago.

Quote: “We continued to demonstrate our market leadership in fiscal Q2 2024, reporting record revenue results of $3.66B, year-over-year growth of 103%.” - Charles Liang, President and CEO.

Outlook: The company also raised its revenue outlook for the full year.

Final Thoughts: Super Micro, up 587% (not a typo) in the past 12 months, continues to benefit from the AI craze.

Stock Market RundownYour daily 3-minute morning read with an amusing angle on business and the stock market. Learn, laugh, stun your friends with your knowledge.


Notable Earnings Today: Alphabet (Nasdaq: GOOGL), Microsoft (Nasdaq: MSFT), Pfizer (NYSE: PFE), Advanced Micro Devices (Nasdaq: AMD), General Motors (NYSE: GM), United Parcel Service (NYSE: UPS), JetBlue Airways (Nasdaq: JBLU), Starbucks (Nasdaq: SBUX), Mondelez International (Nasdaq: MDLZ), A.O. Smith (NYSE: AOS), Boston Properties (NYSE: BXP), Skyworks Solutions (Nasdaq: SKWS), Juniper Networks (NYSE: JNPR), MSCI (NYSE: MSCI), Match Group (Nasdaq: MTCH), Corning (NYSE: GLW), Lending Club (NYSE: LC), Chubb (NYSE: CB), HCA (NYSE: HCA), Electronic Arts (Nasdaq: EA), PulteGroup (NYSE: PHM), Helmerich & Payne (NYSE: HP), Marathon Oil (NYSE: MPC), Ashland (NYSE: ASH), CPKC (NYSE: CP), Danaher (NYSE: DHR), Equity Residential (NYSE: EQR), Hubbell (NYSE: HUBB), Johnson Controls (NYSE: JCI), Littelfuse (Nasdaq: LFUS), Modine Manufacturing (NYSE: MOD), MPLX (NYSE: MPLX), Pentair (NYSE: PNR), Stryker (NYSE: SYK), Sysco (NYSE: SYY), Teradyne (Nasdaq: TER), Unum Group (NYSE: UNUM).

Notable IPOs Today: NEOS Nasdaq 100 High Income ETF (Nasdaq: QQQI).

Notable Equity Crowdfunding Campaigns Ending Today: Stack (Wefunder), Fire Canyon Barbeque (Honeycomb).

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).

Whirlpool’s Lower Sales Outlook 

Home appliances company Whirlpool (NYSE: WHR) posted good financial results on Monday but fell 4.87% in after-hours trading due to a weak outlook.

Financials: Whirlpool reported earnings of $3.85 per share in the past quarter and revenue of $5.08 billion; both were better than expected.

Outlook: The problem is that the company only expects sales of $16.9 billion, which is lower than anticipated.

Final Thoughts: Whirlpool, down 23% in the last 12 months, is struggling in this environment.

F5 Continues to Impress

Tech company F5 (Nasdaq: FFIV) jumped 9.04% in after-hours trading on Monday after posting good financial results.

Financials: F5 reported earnings of $3.43 per share in the past quarter and revenue of $692.5 million; both were better than expected.

Final Thoughts: The combination of good financial results and a good outlook helped F5 on Monday. The stock is up 27% in the last 12 months.

Thank you for reading!

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