ECONOMIC SILUET: Watch this EV stock recoup lost ground as Snap plunges on earnings news. Oil stocks will be worth watching in tomorrow’s trading.

Kamis, 27 April 2023

THU, APR 27, 2023

Tomorrow's Top CNBC Stories Tonight

Don't let Thursday's gain fool you, industrials are having a rough week and an even tougher month

Despite big gains within the sector today, industrials are on pace to be the worst performers in the S&P 500 this week.
There's been a lot of news among its biggest laggards this week: Old Dominion is down 10% week-to-date after Wednesday's disappointing earnings report.
UPS is on pace for its worst week since September after volumes fell in March, and Carrier Global is down 8% as it acquires Viessmann Climate Solutions.
The Industrial Select Sector SPDR ETF (XLI) is tracking for a weekly decline and its worst month since December.

More declines for Keurig Dr Pepper

Keurig Dr Pepper posted its worst day since March 2020 and hit its lowest level since October 2021.
The company beat on many key metrics, including EPS and revenue, but operating margins came in below StreetAccount estimates.
As may be evident by the fresh 52-week low the stock hit today, shares have been in a bit of a rough patch for a while. KDP is tracking for its fifth monthly decline in six months.

This EV maker rallies on nod from European regulators

Fisker is heading for its best week since February 2021 as the EV-maker gets clearance to sell its Ocean SUV in Europe.
Still, the 47% week-to-date gain hasn't been enough to put the stock back into positive territory for the year. Shares are down over 35% year-to-date.
Elsewhere, Lucid Group is up over 15% this week – its biggest gain since January.
Tesla marches towards its longest weekly losing streak since October.

Meta's upbeat report lifts Trade Desk shares

Trade Desk gained 7% today, fueled by optimism around digital advertising in the wake of Meta's earnings report on Wednesday.
The stock is tracking for its fourth-straight monthly gain as it continues recovering from a rough 2022 amid concerns over a digital ad recession.

Iran seizes oil tanker bound for Texas

Iranian naval forces took over an oil tanker heading for Texas in the international waters of the Gulf of Oman.
This has happened a few times over the last few years.
Oil prices remained steady, it was not impactful today.
In the last week oil is down 3%.
So far in 2023, oil is down 7%.
ETFs United States Oil Fund (USO) and Barclays Bank iPath Pure Beta Crude Oil (OIL) both track oil and are down for the year.

Chevron and ExxonMobil report Friday

ExxonMobil is up 6% so far in 2023. The stock is up 10% in a month.
Chevron is down 7% in 2023, but up 6% in a month.
In comparison, the Engery Select SPDR (XLE), one of the bigger ETFs that tracks big energy stocks, is down 4% year to date, but up 5% in a month.

Intel by the numbers vs. other Big Chip stocks

Intel beat expectations, but still fared very poorly in the last quarter, according to the report released by the chipmaker after the bell.
The stock is down 8.6% so far in April.
The VanEck Semiconductor ETF (SMH), which tracks big chip companies is down 7.6% in April.
Year to date Intel is up 13%, the SMH is up 20%.
In the last 12-month period, the SMH gained 6%, while Intel fell 34%.
Intel's CEO will be on CNBC's "Closing Bell Overtime" at 4 p.m. ET on Friday.

Another troubled stock

Snap missed revenue estimates.
The stock dropped 20% after hours.
Including this evening's plunge, the stock is now down almost 70% in a year and 27% in the last month.