Dow down -1%
The major US indices are trading to new session lows
- S&P index -35 points or -0.97% at 3537.57
- NASDAQ index -65.8 points or -0.56% at 11719
- Dow industrial average -305 points or -1.04% at 29090
The major US indices are trading to new session lows
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EPAM stock drops 9.1% to $138.56, trading at 10.8x forward P/E. Strong 5-yr sales growth vs. recent currency headwinds.
Delek Director sold 5K shares at 52-wk high, but retains $1.7M stake. Stock's P/S ratio suggests it's expensive.
GEVO surges 22% on 696% revenue growth, beating estimates. CLNE up 2.7% but stock dips. GRNT revenue flat, stock up 7.7%.
Building materials stocks down 11.5% on average. SHW beats revenue but misses EPS guidance, down 9%.
MicroStrategy faces a $14.5B unrealized loss as BTC drops 20%. Its model hinges on BTC outperforming its debt.
XPO beats estimates, up 11.7%! ULH up 48.3% despite revenue drop. WERN down 20.4% on misses.
Home furniture stocks tumble ~29% post-earnings. ARHS beats revenue but guides low, SNBR beats estimates, RH misses.
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