Wall Street Digest
Futures are muted as they await the CPI print.
On Feb 11, 2025, markets closed mixed:
S&P 500: +0.03% to 6,068.50 📈
Dow Jones: +0.28% to 44,593.65 📈
Nasdaq: -0.36% to 19,643.86 📉
Movers:
Coca-Cola (KO): +4.7% after strong Q4 earnings. 🥤💵
DuPont (DD): +6.9% on upbeat 2025 profit forecast. 🧪📈
Tesla (TSLA): -6.3% amid concerns over Musk's bid to acquire OpenAI. 🚗🤖
Policy Updates:
Tariffs: President Trump announced a 25% tariff on all foreign steel and aluminum imports, effective March 12. 🛡️🌐
Fed: Chair Powell signaled no rush to cut interest rates, citing a strong economy. 💼📊
Investors await the upcoming Consumer Price Index report for further economic insights. 📅📉
After-Hours Market Movers:
Gainers:
Upstart Holdings (UPST): Surged 26.08% to $84.90 📈 after reporting a surprise Q4 profit with EPS of $0.26 vs. an expected loss of $0.04.
DoorDash (DASH): Climbed 6% 🚀 following an optimistic 2025 outlook, anticipating increased Adjusted EBITDA as a percentage of Marketplace GOV throughout the year.
Monarch Casino & Resort (MCRI): Increased 2.3% 📈 after reporting Q4 earnings of $1.36 per share, beating estimates of $1.15.
Decliners:
Lyft (LYFT): Dropped 10% 📉 due to disappointing guidance, projecting Q1 gross bookings between $4.05B and $4.20B, below the $4.23B consensus.
BlackLine Inc. (BL): Fell 14% 📉 after issuing weaker-than-expected FY2025 guidance, forecasting EPS between $1.97 and $2.10, below the $2.28 consensus.
📌 What to Watch Tomorrow
📊 Economic Data:
🔹 CPI (8:30am ET)
🔹 Powell Testimony (10:00am ET)
🔹 EIA Energy Inventories (10:30am ET)
🔹 Fed Speeches: Bostic (12:00pm), Waller (5:05pm)
🔹 Monthly Budget Statement (2:00pm ET)
🛏️ Pre-Market Earnings:
$GOLD, $CVS, $BIIB, $AVXL, $KHC, $VRT
🎧 After-Hours Earnings:
$HOOD, $RDDT, $QS, $CSCO, $FSLY, $TTD, $PAYC, $UPWK, $APP, $MGM, ALB 0.00%↑
SPOTLIGHT:
🚀 Upstart ($UPST) Q4 & FY24 Earnings Recap
📈 Q4 Highlights:
🔹 Revenue: $219M (+56% YoY, +35% QoQ)
🔹 Loan originations: $2.1B (+68% YoY)
🔹 Adj. EBITDA: $38.8M (vs. $0.6M in Q4 '23)
🔹 Adj. EPS: $0.26 (vs. -$0.09 in Q4 '23)
📊 FY24 Highlights:
🔹 Revenue: $637M (+24% YoY)
🔹 Loan originations: $5.9B (+28% YoY)
🔹 Adj. EBITDA: $10.6M (vs. -$17.2M in FY23)
CEO Dave Girouard: "We launched into 2025 with unparalleled energy & optimism for AI lending."
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