Stocks trending in after hours: Alcoa, Discover Financial, Vroom, Apple
source link: https://finance.yahoo.com/video/stocks-trending-hours-alcoa-discover-220417941.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Alcoa, Discover Financial, Vroom, Apple
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.
-
Stocks trending in after hours: Alcoa, Discover Financial, Vroom, Apple Yahoo Finance Video
-
2023 requires ‘a shields up posture’ against risk of cybersecurity attacks: Cloudflare CEO
-
Where consumers were represented the most in holiday retail sales, returns
-
Elon Musk remains focus of entrepreneurial discussions at Davos 2023 despite absence
-
Southwest Airlines has failed to ‘connect pilots to airplanes’ for years, union president says
-
Retail sales decline indicates the consumer is ‘becoming less healthy’: Analyst
-
Netflix earnings due out Thursday, 'Avatar' sequel becomes sixth-biggest film of all time
-
Volkswagen supply chain problems expected to be ‘minor issues’ in 2023: U.S. CEO
-
Stocks moving after the closing bell: Kraft Heinz, Microsoft, Party City, Celsius10:19
-
Elon Musk: Opening arguments begin in court case over 2018 tweets on Tesla share price
-
Crypto ETFs seeing assets ‘trickle into space again’ after being shunned by investors: Expert
-
Verizon Chief Strategy Officer: We’re in very early days of 5G deployment
-
Major market, sector indices maintain losses ahead of the closing bell
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.
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%.
- American City Business Journals
How Alcoa is managing costs in a topsy-turvy metals market
Alcoa Corp. CEO Roy Harvey acknowledged a challenging 2022 with skyrocketing raw material and production costs but told Wall Street on Wednesday afternoon that he had optimism for 2023 and beyond in the aluminum market. Alcoa (NYSE: AA) reported a net loss of $374 million in the fourth quarter and a net loss of $102 million in the full year as it dealt with the costs of raw materials and energy and supply chain challenges due to upheavals following Russia’s invasion of Ukraine in February 2022. The Pittsburgh-based alumina and aluminum manufacturer, with annual revenue of more than $12 billion, had a first half of 2022 marked by strong sales that offset the higher costs.
8h ago - Yahoo Finance Video
What Apple's move to in-house M2 chips means for the stock
Yahoo Finance’s Daniel Howley joins the Live show to break down Apple’s move to make its own chips and screens.
16h ago - Reuters
Brazil antitrust agency to investigate MercadoLibre complaint against Apple
Brazil's antitrust watchdog CADE has begun investigating a complaint by e-commerce retailer MercadoLibre Inc against Apple Inc for alleged abuse of a monopoly in the distribution of apps for its devices, the regulator said on Wednesday. The decision to open the investigation into alleged anti-competitive practices by Apple was taken last week based on the complaint filed in December by MercadoLibre, CADE said in a statement. MercadoLibre argued that Apple had imposed a series of restrictions on the distribution of digital goods and in-app purchases.
10h ago - Yahoo Finance
Apple wants to control everything from its chips to screens
Apple is working to design everything from its processors to its displays. It could cut costs and bring about new designs.
12h ago - Zacks
Alphabet (GOOGL) to Expand Portfolio With Grogu Tracker
Alphabet (GOOGL) is developing a new tracking device which includes Bluetooth and ultra-wideband connectivity to help Pixel phone users to connect with compatible devices.
10h ago - Bloomberg
Apple to Expand Smart-Home Lineup, Taking On Amazon and Google
(Bloomberg) -- Apple Inc. is working on a slate of devices aimed at challenging Amazon.com Inc. and Google in the smart-home market, including new displays and a faster TV set-top box, after relaunching its larger HomePod speaker.Most Read from BloombergNew Zealand Prime Minister Ardern Announces Shock ResignationCrypto Firm Genesis Is Preparing to File for BankruptcyAmazon Kicks Off Round of Job Cuts Affecting 18,000 PeopleApple Delays AR Glasses, Plans Cheaper Mixed-Reality HeadsetMicrosoft Cu
10h ago - Yahoo Finance Video
Microsoft to lay off 10,000 employees, about 4.5% of workforce
Yahoo Finance’s Daniel Howley joins the Live show to discuss news that Microsoft will lay off 10,000 employees.
17h ago - Benzinga
Spotify Teams Up With European Companies For Regulatory Action Against Apple
Music streaming service Spotify Technology S.A. (NYSE: SPOT) joined other media firms like Deezer to urge the European Commission to punish Apple Inc (NASDAQ: AAPL) for anti-competitive and unfair practices. They jointly wrote to the European Union antitrust regulator's Executive Vice-President Margrethe Vestager for prompt action against Apple for the welfare of the consumers, Reuters reports. Spotify has for years accused Apple of abusing its influence by exploiting its App Store rules to supp
16h ago - Bloomberg
Musk Lawyer Defends ‘Rushed’ Take-Private Tweet at Trial
(Bloomberg) -- Tesla Inc. CEO Elon Musk was on his way to the airport in August 2018 when he made a “split-second decision” to tweet that he was “considering” taking the company private with “funding secured” because he’d just read a news article revealing that Saudi Arabia was investing heavily in the electric-car maker.Most Read from BloombergNew Zealand Prime Minister Ardern Announces Shock ResignationCrypto Firm Genesis Is Preparing to File for BankruptcyAmazon Kicks Off Round of Job Cuts Af
8h ago - Reuters
Big Tech braces for dismal profits, more job cuts
Each of America's five largest tech companies, though, are expected to report a fall in profits for the October-December period, as they try to recalibrate in a high-interest environment. Facebook-owner Meta Platforms Inc and Amazon.com Inc are expected to report the biggest declines. Analysts have cut their total revenue projection for the five companies - Meta, Amazon, Apple Inc, Alphabet Inc and Microsoft Corp - by 5% to $561.4 billion as of January from October.
12h ago - Zacks
The Zacks Analyst Blog Highlights Nike, Novartis, Wells Fargo, Broadcom and Anheuser-Busch
Nike, Novartis, Wells Fargo, Broadcom and Anheuser-Busch are part of the Zacks top Analyst Blog.
17h ago - Yahoo Finance
Stocks moving after hours: Alcoa, Discover, Vroom
Stocks moving in after hours: Alcoa, Discover, Vroom
9h ago - Investor's Business Daily
These Are The 5 Best EV Stocks To Buy And Watch Now
EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric-vehicle makers.
10h ago - Zacks
Activision Blizzard, Inc (ATVI) Stock Moves -0.11%: What You Should Know
Activision Blizzard, Inc (ATVI) closed the most recent trading day at $74.48, moving -0.11% from the previous trading session.
8h ago - Yahoo Finance Video
Labor market: ‘I think we can’ avoid a recession, strategist explains
JPMorgan Asset Management Global Market Strategist Jordan Jackson joins Yahoo Finance Live anchors Seana Smith and Dave Briggs to discuss the state of the labor market, consumer weakness, retail sales data, and economic growth.
11h ago - MarketWatch
WWE streaming on Netflix or Amazon? One analyst says it’s possible
World Wrestling Entertainment Inc.'s search for a buyer or some other business arrangement has "a reasonable probability of success," analysts say.
1d ago - Bloomberg
Americanas’s 77% Collapse Deals Blow to Brazil Equity Funds
(Bloomberg) -- The rout in shares of Americanas SA, the Brazilian retailer that counts billionaire Jorge Paulo Lemann as a top backer, is leaving a trail of losses at some local equity funds. Most Read from BloombergMicrosoft to Cut Engineering Jobs This Week as Layoffs Go DeeperApple Delays AR Glasses, Plans Cheaper Mixed-Reality HeadsetInvestors Seek to Pull $20 Billion From Core Real Estate FundsChina’s Population Shrinks for First Time Since 1960s in Seismic ShiftLarry Fink Says ESG Narrativ
1d ago - Motley Fool
Why Did Wall Street Fall Hard Wednesday? These 2 Stocks Have Some Answers
Investors haven't been able to catch a break for quite a while. Financial stocks were a big drag on the overall market's performance Wednesday as investors remained concerned about the future path of interest rates and the impact of mounting federal debt levels on the U.S. budget and the economy. Declines for both Charles Schwab (NYSE: SCHW) and PNC Financial (NYSE: PNC) contributed to the concerns among investors in financial stocks, with their respective quarterly reports giving some insight into the challenges they continue to face.
8h ago - Fox Business
Bank of America customers report 'disappeared' money from accounts after Zelle issue
After a flurry of complaints about missing funds on social media, Bank of America said "there was a delay in posting Zelle transactions" that has now been resolved.
5h ago - Investor's Business Daily
Dow Jones Reverses Lower On Fed, Recession Fears; Tesla, Megacaps Hit Resistance
The market rally undercut key levels as Fed policymakers signaled no quick end to rate hikes, while economic data raised recession fears. Apple, Tesla hit resistance.
4h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK