Li Auto Shares Fall as Revenue Outlook Lags Estimates
16 minutes ago
U.S.-listed shares of Li Auto (LI) lost ground Friday after the Chinese electric vehicle manufacturer projected a lower-than-estimated first-quarter sales number.
The company said it expects total revenues to be between 23.4 billion yuan ($3.2 billion) and 24.7 billion yuan, representing a year-over-year decrease of 8.7% to 3.5%. That was below Visible Alpha estimates of 33.5 billion yuan in revenue for the quarter.
During the fourth quarter, Li Auto posted adjusted earnings per share (EPS) of 10.04 yuan ($1.38), versus 11.46 yuan the same period the previous year. Total revenues rose 6.1% to 44.3 billion yuan year-over-year.
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The company competes in China against homegrown EV rivals Nio (NIO), BYD, and XPeng (XPEV) as well as Elon Musk’s Tesla (TSLA). The Chinese EV makers have been locked in a price war with its rivals which has weighed on its earnings, according to reporting from Reuters.
Tesla, meanwhile, is looking to produce and sell aless expensive version of its Model Y SUV in China starting next year, according toReuters, as the U.S. company grapples with its loss of market share in the country.
Li Auto shares were down 3% in recent trading and have lost about a quarter of their value in the past year.
Crown Castle Jumps as Firm Sells Fiber Optics Unit
1 hour ago
Crown Castle (CCI) shares surged Friday, a day after the provider of towers and other communication infrastructure sold its fiber optics unit to the EQT Active Core Infrastructure fund and privately held Zayo Group Holdings for a combined $8.5 billion.
The deal has EQT acquiring Crown Castle’s small cells operations, while Zayo picks up the fiber solutions business. The transaction is expected to close in the first half of 2026.
Crown Castle said that it will use the money to “repay existing indebtedness and fund anticipated share repurchases, positioning the company to maintain an investment grade credit rating.” It said the new stock buyback program would be worth approximately $3.0 billion.
The move came after the company announced a strategic and operating review of the unit in December 2023, “with the goal of enhancing shareholder value.”
Along with the sale announcement, Crown Castle reported a fourth-quarter loss of $10.97 per share, while analysts surveyed by Visible Alpha were looking for a gain. Revenue of $1.65 billion was in line with forecasts. In addition, it will be slashing its annual dividend to $4.25 per share in the second quarter from $6.26 per share, and will reset it following the close of the fiber sale.
Crown Castle shares were up 10% in recent trading and were among the biggest S&P 500 gainers today.
Peloton Rises as Analyst Says It’s at ‘Turning Point’
1 hr 39 min ago
Peloton (PTON) shares popped Friday after analysts at Canaccord Genuity upgraded the company’s stock to “buy” from “hold.”
The company is the “clear leader in the connected fitness industry,” the analysts said in a note Thursday, with a “loyal member base” that stands 6 million strong. Canaccord Genuity maintained its $10 price target for the stock. By comparison, the analyst consensus price target is $10.59, according to Visible Alpha.
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Peloton shares were up 11% at $6.74 in recent trading. The stock is up more than 50% over the past 12 months but has lost roughly a quarter of its value so far in 2025 amid wider market struggles.
The upgrade comes after Peloton posted quarterly results that beat analysts’ expectations last month, even as revenue declined year-over-year. At the time, the stationary bike maker said it has a “steep hill to climb to reach sustained, profitable growth.”
Peloton hasn’t reported an unadjusted quarterly profit since 2021, according to Visible Alpha. However, the company “is at the turning point in its journey where there is meaningful upside potential from current levels,” Canaccord analysts said.
Semtech Jumps as Chipmaker Swings to Profit
2 hr 7 min ago
Shares of Semtech (SMTC) surged 17% Friday, a day after the semiconductor maker had better-than-anticipated profit and net sales, and operating cash flow more than doubled.
Semtech swung to a fourth-quarter fiscal 2025 adjusted profit of $0.40 per share from an adjusted loss of $0.06 per share a year earlier. Analysts surveyed by Visible Alpha were looking for adjusted earnings per share (EPS) of $0.31. Net sales rose 30% year-over-year to $251 million, also above forecasts.
Cash flow from operating activities was $33.5 million, 141% higher than the prior year. For fiscal 2025, it was $58.0 million, compared to a decline of $93.9 million in 2024. CFO Mark Lin said the jump indicated a “positive inflection in our business and is expected to further benefit from lower cash interest requirements stemming from our debt reduction.”
CEO Hong Hou noted that Semtech had “sequential improvement for each quarter reported in net sales, gross margin, operating margin and earnings per share.”
The company sees current-quarter adjusted EPS with a midpoint of $0.37 and net sales of $250 million, above expectations.
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Despite today’s big gains, Semtech shares are down nearly 40% since the start of 2025.
DocuSign Shares Soar as Company’s AI Platform Gains Traction
2 hr 54 min ago
Shares of DocuSign (DOCU) surged Friday morning after the electronic signature company topped analysts’ estimates for the final quarter of fiscal 2025.
On Thursday, DocuSign reported adjusted earnings per share of $0.86, a cent better than expectations, on $776.25 million in revenue, about $15 million above the analyst consensus compiled by Visible Alpha. In the same quarter a year ago, DocuSign recorded adjusted EPS of $0.76 on revenue of $712.39 million.
CEO Allan Thygesen said the company is seeing “rapid traction with customers” with its artificial-intelligence powered Intelligent Agreement Management platform it launched last year. DocuSign announced the product last April, saying it would help customers save time and money by creating, organizing, and analyzing contracts more efficiently.
DocuSign forecasts first-quarter revenue of $745 million to $749 million and full-year revenue of $3.13 billion to $3.14 billion, each below the consensus views of analysts. However, the company’s projected billings revenue of $741 million to $751 million for the first quarter and $3.3 billion to $3.35 billion for the full year were each in line or better than estimates.
Shares of the technology company were up more than 15% Friday morning and have gained around 50% over the last 12 months.
Ulta Beauty Stock Jumps on Strong Results
3 hr 18 min ago
Ulta Beauty (ULTA) shares soared early Friday, a day after the cosmetics retailer reported better-than-expected fourth-quarter results.
Ulta posted earnings per share (EPS) of $8.46 on net sales of $3.49 billion, ahead of Visible Alpha estimates of $7.13 and $3.46 billion, respectively. Comparable sales growth of 1.5% surpassed expectations of a 0.8% increase.
The company sees 2025 EPS of $22.50 to $22.90, net sales of $11.5 billion to $11.6 billion, and comparable sales between flat and up 1%. All are below expectations.
CEO Kecia Steelman, who took over the role after Dave Kimbell retired in January, said the upcoming fiscal year will be “pivotal,” as the company invests to fuel its growth and seeks to “optimize” its business.
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Ulta shares were up nearly 8% in recent trading. Despite this morning’s surge, the stock is down nearly 23% in 2025.
S&P 500, Nasdaq on Pace for 4th Straight Week of Declines
4 hr 3 min ago
The S&P 500 heads into the final trading session of the week on course to post its worst weekly loss since March 2023.
The benchmark index, which dropped into correction on Thursday, is down 4.3% so far this week. It is tracking to finish with weekly losses for the fourth straight week.
The Nasdaq Composite is also on pace for its fourth-consecutive weekly decline, and its fall has been even more precipitous. The tech-heavy index is down 4.9% for the week, its biggest weekly drop since September.
The Dow has lost 4.6% so far this week. If that holds, it would be the worst weekly performance since June 2022.
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So far in 2025, the Nasdaq has declined 10.4% as the AI-related optimism that boosted technology stocks has subsided, while the S&P 500 and the Dow are down 6.1% and 4.1%, respectively.
S&P 500 Chart Levels to Watch as Index Slips Into Correction
4 hr 34 min ago
The S&P 500 (SPX) entered a correction Thursday amid concerns that Trump administration policies, notably tariffs, could slow economic growth and reignite inflation.
After the S&P 500 set a new record high three weeks ago, it promptly reversed, setting up a Wyckoff Spring, a chart signal that indicates a market top before a markdown phase.
Indeed, the index has since trended sharply lower, falling below the closely watched 200-day moving average (MA) on its journey into correction territory.
The relative strength index (RSI) confirms bearish momentum, with the indicator registering its lowest reading since September 2022. However, extreme oversold conditions also raise the possibility of upside price swings.
Investors should watch crucial support levels on the S&P 500’s chart around 5,400 and 5,265, while also monitoring key resistance levels near 5,770 and 6,010.
Read the full technical analysis piece here.
Futures Point to Higher Open for Major Stock Indexes
5 hr 4 min ago
Futures tied to the Dow Jones Industrial Average were 0.6% up in recent trading.
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S&P 500 futures added 0.9%.
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Nasdaq 100 futures jumped 1.2%.
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