economy
Thursday's big stock stories: What’s likely to move the market in the next trading session
The S&P 500 ended Wednesday's trading higher, aided by a tame inflation report. Tune in to CNBC on Thursday morning for Cerebras CEO Andrew Feldman.
TL;DR
- Data center stocks like Vertiv, Iron Mountain, Equinix, Digital Realty Trust, and related ETFs (IDGT, DTCR, SRVR) are experiencing mixed performance, with potential upside if interest rates remain stable.
- Upcoming economic data includes jobless claims and producer price index, with consensus estimates suggesting a slight uptick.
- Applied Materials is set to report earnings after the market close, having shown recent gains but also a decline from a June high.
- SK Hynix is featured in a special report on its significant spending splurge in South Korea, with its U.S.-traded shares experiencing a notable decline from a recent high.
- Apple is opening a new manufacturing center in Houston as part of a large investment in U.S. manufacturing, despite a recent dip in its stock price.
- Charles Schwab, US Bancorp, and Palo Alto Networks all hit all-time highs, with Palo Alto Networks showing significant gains over short and medium terms.
- Chipmaker Cerebras missed revenue expectations last quarter but raised full-year guidance, resulting in a post-hours stock decline, with its CEO scheduled for an interview.
- StubHub failed to achieve profitability despite expectations of World Cup revenue, leading to a significant drop in its stock price.
- Cisco exceeded earnings expectations and issued favorable guidance, though its shares saw a slight decline after hours.