Reddit, Nu Holdings surge while Globant, Applied Materials slide

Earnings
โดย Seeking Alpha·US·Read original
Summary · why it matters

Stock futures were largely unchanged early Friday as investors weighed cooling inflation data and a fresh batch of tech earnings. Reddit shares jumped 12% after S&P Dow Jones Indices said the company will replace AvalonBay Communities in the S&P 500 before trading opens on August 18. Nu Holdings gained 9% after the Brazilian digital bank reported stronger-than-expected second-quarter results, with revenue up 56% year-over-year to $5.88 billion and GAAP EPS of $0.22. Globant plunged 13% after posting adjusted EPS below expectations and signaling continued pressure on revenue growth, while Applied Materials slipped 5% despite beating fiscal third-quarter estimates as investors sought a stronger upside surprise after the stock's nearly 98% year-to-date gain.

Impact on stocks 5

Digital Finance & Tokenization▲ · 1 stocks
Nu Holdings Ltd
NU
▲ PositiveCapitalrelevance

Nu Holdings reported stronger-than-expected Q2 results with revenue up 56% YoY and GAAP EPS of $0.22, driving a 9% gain.

Communication Services▲ · 1 stocks
Reddit, Inc.
RDDT
▲ PositiveCapitalrelevance

Reddit will replace AvalonBay in the S&P 500, causing shares to jump 12%.

Semiconductors▼ · 1 stocks
Applied Materials Inc
AMAT
▼ NegativeCapitalrelevance

Applied Materials slipped 5% despite beating fiscal Q3 estimates as investors sought a stronger upside surprise after the stock's nearly 98% YTD gain.

Real Estate▲ · 1 stocks
Information Technology▲ · 1 stocks
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