SiTime Soars, Akamai and EPAM Face Headwinds

Akamai's Weak Outlook, EPAM's Struggle, and SiTime's Soaring Performance

After-hours Stock Action

Akamai (AKAM): Disappointing Guidance

• Negative Territory: Akamai slumps after weak Q2 and full-year guidance despite a narrow earnings beat in Q1.
• Yearly Performance: Shares are down YTD but up 30% over the past year.

EPAM Systems (EPAM): Challenging Demand Environment

• Worst Day in 2+ Years: EPAM suffers due to disappointing guidance citing challenging demand environment.
• Stock Decline: Down 75% from 2021 highs, impacted by exposure in Ukraine.

SiTime (SITM): Strong Quarterly Results Propel Surge

• Stellar Performance: Soars nearly 30% post quarterly results exceeding analyst expectations.
• Analyst Upgrade: Needham upgrades stock to buy from hold citing reaccelerating revenue growth.

U.S. Cellular (USM): Surges on Acquisition Talks

• Positive News Impact: U.S. Cellular jumps almost 30% on reports of acquisition talks with T-Mobile and Verizon.
• Strategic Alternatives Exploration: Both U.S. Cellular and parent company Telephone and Data Systems see significant stock gains amid talks.

The Great American Consumer & Utilities Sector Analysis

Restaurant Stocks Moderating Spending Trends

• McDonald’s down by 7.4%, Domino’s Pizza up by 21.7%, Brinker International leading with a gain of 32% in the last three months.
• Texas Roadhouse up by 23.6%, Chipotle up by 22.5%, Starbucks down by 22%.

Utilities Sector Resilience & Concerns

• S&P Utilities Sector outperforming with all stocks above the moving average; top performer over various periods.
• XLU ETF showing consistent growth, while QQQ ETF remains flat; Amgen leading among QQQ stocks in the last month.