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Stocks trending in after hours: Alcoa, Discover Financial, Vroom, Apple

 1 year ago
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Alcoa, Discover Financial, Vroom, Apple

0b4566f0-977c-11ed-b97f-5ee1e4518b09

Stocks trending in after hours: Alcoa, Discover Financial, Vroom, Apple

Yahoo Finance Live’s Seana Smith checks out several stocks trending in the after-hours trading session.

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    Stocks trending in after hours: Alcoa, Discover Financial, Vroom, Apple Yahoo Finance Video
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Stocks trending in after hours: Alcoa, Discover Financial, Vroom, Apple

Thu, January 19, 2023, 7:04 AM GMT+9

Yahoo Finance Live’s Seana Smith checks out several stocks trending in the after-hours trading session.

Video Transcript

[AUDIO LOGO]

DAVE BRIGGS: All right, let's see what's trending after hours. Seana, I hope for Sozzi's sake and for the economy's sake, the party is back--

SEANA SMITH: I hope so.

DAVE BRIGGS: --next year.

SEANA SMITH: And I hope some of the parties are still underway. I've been tracking his Instagram, though. It looks like he's having a few beverages. So he's finding--

DAVE BRIGGS: I think he's finding some fun.

SEANA SMITH: --those parties out there, definitely. All right, let's take a look at some of these movers after hours. We have four stocks for you. We have Alcoa, Discover Financial, Vroom, and Apple. Kicking it off with Alcoa, we're looking at losses of just over 3 and 1/2%. Earnings from the company saying that demand is falling. They're cutting back on their shipments of aluminum here. Fourth quarter EBITDA missing the estimates by a wide margin, coming in just around 29 million. The Street was looking for 106 million. Over the past three months, though, still looking at pretty significant gains, with the stock up just about 34%.

Let's take a look at Discover Financial. We're looking at losses of just over 6% here after hours. The company setting aside more than expected in terms of for future credit losses. 833 million was set aside in its latest quarter. The estimate was for just around 360 million. So more than double than what the Street had been anticipating. Also, management total net charge off rate rose to 2.1%. The estimate there was for 1.37%. Also, 30-plus day delinquency rate for credit card loans, that's at 2 and 1/2%, and that was up from the prior quarter there.

So some weakening trends, some concerning trends in terms of what they are seeing from their customers. That's a big reason why the stock off just about 6% today. For the fourth quarter, though, looking at the top and bottom line numbers, they came in better than expected. EPS, $38.77 a share. Over the last three months, we're looking at gains of just about 6%, which has been wiped out in extended trading. Over the past year, though, we're looking at losses of about 17%.

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