SUPERNEWS

Equities

AppLovin's 320% Surge Leads After-Hours Stock Rally

AppLovin's growth, SolarEdge's stumble, PowerSchool's acquisition buzz, and Elanco's surge highlight diverse post-market stock movements.

By Bill Bullington

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5/8, 19:25 EDT
Apple Inc.
Carrier Global Corporation
Elanco Animal Health Incorporated
Fifth Third Bancorp
Huntington Bancshares Incorporated
Johnson Controls International plc
SPDR S&P Regional Banking ETF
M&T Bank Corporation
SolarEdge Technologies, Inc.
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AppLovin Soars, SolarEdge Stumbles, PowerSchool Acquisition Talks, and Elanco's Animal Health Surge

After-hours Stock Action

AppLovin (APP): Strong Guidance Propels Growth

  • Beat Expectations: Solidly beat on results and provided optimistic revenue guidance.
  • Market Performance: Despite recent declines, stock up around 320% in twelve months.

SolarEdge (SEDG): Losses Overshadow Revenue Beat

  • Mixed Results: Beat on revenue but reported wider-than-expected loss per share.
  • Market Decline: One of the worst performers in solar sector, down 80% in the past year.

PowerSchool (PWSC): Acquisition Buzz Boosts Stock

  • Bain Talks: Reports of potential $6 billion acquisition by Bain led to a 15% surge.
  • Market Positioning: Stock still over 20% off its February high despite today's jump.

Elanco Animal Health (ELAN): Quarterly Success Drives Surge

  • Earnings Impact: Surged nearly 25% on positive quarterly results and raised guidance.
  • Sector Outperformance: Up almost 80% in the past twelve months compared to competitors like Zoetis and Patterson Companies.

Regional Banks & AI in Industrials

Regional Banks Reach New Highs Several regional banks hit new highs today including Fifth Third Bancorp (+57%), Huntington Bancshares (+44%), M&T Bank (+30%) over the past year. ETFs like SPDR S&P Regional Banking ETF (KRE) are up by 33.5%.

AI Integration in Industrials CNBC TV’s Seema Mody highlighted industrial companies competing for AI customers. Johnson Controls (+8%) and Carrier Global (+50%) are leading players providing specialized services for the AI industry. GE Vernova sees demand for smart-grid technology while Caterpillar and Cummins cater to data centers with strong market positions.

Apple Buyback & Archer Aviation Update

Apple Buyback Initiative & Stock Analysis Trader Bill Baruch expressed interest in buying back into Apple (-5% YTD) following a large-scale buyback initiative announced last week. The stock is currently above its moving averages with an RSI of 65 indicating potential opportunities for investors.

Archer Aviation Performance Update eVTOL company Archer Aviation fell by 3%, down by 40% YTD despite being at a significant distance from its August high as it aims to revolutionize air travel with small air vehicles primarily for shorter distances.

Madison Square Garden Entertainment & Amusement Parks Outlook

Madison Square Garden Sports Teams Performance vs. Stock Value New York Knicks and Rangers outperforming shares of Madison Square Garden Entertainment (-4%) which is slightly below recent highs as both teams excel in playoffs currently underway.

Amusement Park Companies Cedar Fair & Six Flags Earnings Report Tomorrow Cedar Fair (-10%) and Six Flags (-13.5%) gearing up to report earnings tomorrow morning with varying performance trends over time indicating potential market reactions post-earnings release.