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Here are Jim Cramer's rapid-fire takes on 5 stocks in the news Wednesday – CNBC

Alibaba: Shares of the Chinese e-commerce giant fell more than 5% in volatile trading on Wednesday as investors digested the company’s earnings report. Alibaba’s December quarter revenue fell short of analysts’ expectations, but the company increased its share buyback program by $25 billion. “Given the fact that the Chinese government is panicking about Chinese stocks, […]

Snap shares drop 30% after company's revenue miss and weak guidance – CNBC

Snap is coming off its worst day on the market since its 2017 debut. The company’s two biggest one-day declines were a 43% drop in May 2022 and a 39% plunge two months later. Snap reported revenue of $1.36 billion for the quarter, slightly below analysts’ expectations of $1.38 billion, according to LSEG (formerly Refinitiv). […]

S&P 500 opens higher, nears 5,000 level: Live updates – CNBC

31 minutes ago Enphase stock soars after earnings, solar power sector gains Enphase shares rose more than 16% in premarket trading after the company’s CEO said he expects the solar market to bottom in the first quarter of this year and then begin to recover. Enphase reported quarterly earnings on Tuesday that roughly met Wall […]

Stocks making the biggest moves midday: PLTR, SPOT, UPS, DOCU – CNBC

Check out the companies that are trending in intraday trading. Palantir — Shares of the data analytics provider soared more than 24% after the company reported revenue of $608.4 million for the quarter, compared to estimates of $602.4 million by analysts surveyed by LSEG. . Guidance for 2024 was broadly in line with expectations. Coherent […]

These stocks are expected to see sharp gains, boosted by analysts lifting their 2024 earnings estimates, Jefferies says – CNBC

Jefferies is focused on a group of stocks poised for a breakout, and analysts have already raised their earnings estimates for the company. The fourth quarter earnings season continues despite strong macroeconomic concerns and signs that the U.S. Federal Reserve could cut interest rates later in 2024 than previously expected. However, corporate profits are solid. […]

Stocks making the biggest moves after hours: PLTR, NXPI, CHGG – CNBC

Check out the companies making headlines during after-hours hours. Palantir Technologies — Shares rose 17% after Palantir beat revenue in the fourth quarter. According to LSEG (formerly Refinitiv), sales came in at $608.4 million, compared to analysts’ expectations of $602.4 million. The company reported adjusted earnings of 8 cents per share, in line with analyst […]