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
Tesla shares fell 5% after analysts forecast a sharp decline in quarterly deliveries. The market is reacting to weak performance in the EV sector, as competitors like Ford, Hyundai, and Kia also reported significant drops in electric vehicle sales this quarter.
Centene (CNC): Down 25% After Withdrawing 2025 Guidance
Centene plummeted 25% in after-hours trading. The company announced that its earnings would fall short of expectations and withdrew its financial guidance for 2025, raising concerns among investors.
Constellation Brands (STZ): Falls on Weak Beer Demand
Constellation Brands reported lower quarterly earnings and sales, driven by falling demand for Modelo and Corona, particularly among Hispanic consumers. The stock declined in premarket trading following the announcement.
JPMorgan (JPM): Raises Dividend and Approves $50 Billion Buyback
JPMorgan increased its share dividend and confirmed a $50 billion stock buyback after successfully passing the Federal Reserve’s stress test. Several other major banks have announced similar strategies.
Vestas Wind Systems (VWS): Up 10% on U.S. Tax Policy Optimism
Vestas shares jumped 10% after analysts at Jefferies predicted a surge in orders ahead of the expiration of U.S. tax credits for renewable energy projects. The market sees this as a bullish sign for the wind turbine manufacturer.
Paramount Global (PARA): Settles Trump Lawsuit for $16 Million
Paramount Global reached a tentative agreement to pay Donald Trump $16 million following a lawsuit related to a “60 Minutes” interview with Kamala Harris. The settlement came after the network faced legal action over the post-broadcast handling of the interview.
