ECONOMIC SILUET: Watch this snacking giant, Whirlpool, and this beleaguered bank stock in tomorrow’s trading

Senin, 24 April 2023

MON, APR 24, 2023

Tomorrow's Top CNBC Stories Tonight

First Republic's after-hours slump

First Republic is down 20% in the extended session after its quarterly results, which included cost cuts and a larger-than-expected drop in deposits during the first quarter. That follows a 12% gain during the regular session. The after-hours move doesn't appear to be having a huge impact on other regionals, with the SPDR S&P Regional Banking ETF (KRE) down less than 1% in extended trading.

Whirlpool pops in extended trading

Whirlpool is higher after hours, following an earnings and revenue beat. As CNBC earnings editor Robert Hum notes, the company reaffirmed its full-year guidance, stopping short of a raise, despite the strong results. The stock is flat this year, which is a pretty sizable underperformance of both the Consumer Discretionary Select Sector SPDR ETF (XLY) and SPDR S&P Homebuilders ETF (XHB), both of which are up roughly 15% this year.

Energy standouts

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Energy Select Sector SPDR ETF (XLE) each gained over 1.5% today. The energy sector is up 10% in a month, though it remains one of the worst-performing sectors so far this year. Hess, Pioneer Natural Resources, Devon Energy, and Halliburton are up more than 16% in the past month. Meanwhile, Exxon Mobil is trading less than 2% away from its all-time high and remains the second-best performer in the group so far this year, up 7%.

Lithium stocks make a small comeback

Lithium stocks rebounded a bit today after last week's volatility, which was fueled by Chile's move to take more control of its lithium industry. Smaller names like Lithium Americas and Livent gained 7% and 6%, respectively today. Chilean miner SQM gained 6%, though it's still off by 18% in the past week, while U.S.-based Albemarle, which mines in Chile, also gained around 6% and remains down 10% in a week.

PepsiCo prepares to post earnings

PepsiCo is set to report earnings Tuesday morning. The stock finished today less than 1% away from its all-time intraday high, which it notched in December. Several other consumer names are also in striking distance of their first highs in several months. Coca-Cola finished the day slightly lower after this morning's earnings beat, though it only remains around 5% away from its all-time high, which it hit a year ago.

Medtronic jumps to begin the week

Medtronic saw a number of upgrades over the weekend, thanks to the FDA's long-awaited approval of an insulin device on Friday. Today was the stock's best day since November 2020, and it's also on pace for its best month since then. That being said, it's still around 20% off its recent high.