Key Points To Watch Out For:
- Tesla shares fall 5% following Trump’s criticism of Musk.
- Robinhood rises 3% on new cryptocurrency services.
- Wolfspeed rocketed after filing for bankruptcy to restructure.
Tesla (TSLA): Market expects drop in quarterly deliveries
Analysts forecast a sharp drop in Tesla’s quarterly sales. Ford, Hyundai, and Kia reported sharp declines in electric vehicle sales this quarter.
Centene (CNC): Down 25% after withdrawing 2025 guidance
Centene plummeted 25% after hours. The company reported that its earnings will not reach expectations and eliminated its financial estimates for 2025.
Constellation Brands (STZ): down due to falling demand for beer
Constellation Brands announced lower quarterly earnings and sales. Demand for Modelo and Corona fell among Hispanic consumers. Its shares fell preceding the market opening.
JPMorgan (JPM): raises share dividend and ratifies $50 billion buyback
JPMorgan raised its share dividend and ratified a $50 billion buyback after passing the Fed’s stress test. Other banks announced comparable strategies.
Vestas Wind Systems (VWS): up 10% on tax law expectations
Vestas shares climbed 10%. Jefferies forecasts an increase in orders prior to the elimination of tax credits for renewables in the US.
Paramount Global (PARA): agrees to pay Trump $16 million post-event lawsuit over a “60 Minutes” interview with Kamala Harris.
Paramount reached a tentative agreement to pay Trump $16 million post-event lawsuit over a “60 Minutes” interview with Kamala Harris.
