Wednesday After-Hours Market Buzz

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•  18 Dec 2024
 

From the eVTOL revolution to upgrades in travel trends, here’s a detailed breakdown of today’s stock market activity for the after-hours buzz.

Archer Aviation saw a volatile session. Initially surging as much as 16.4%, $ACHR closed the day down, reflecting the market's hesitancy despite enthusiasm around its future prospects in the electric vertical takeoff and landing space. With the eVTOL industry projected to become a $1 trillion market by 2040, Archer Aviation remains a speculative but enticing play for the long-term growth investor.

Expedia Group emerged as a standout performer in the services sector. $EXPE rallied following an upgrade from Bank of America, highlighting improved booking trends and growth in VRBO’s performance. Analysts cited positive travel trends and the potential for post-election economic boosts, positioning Expedia as a stock to watch for continued recovery in the travel industry.

General Mills faced a rough day, closing lower despite surpassing earnings expectations with adjusted EPS of $1.40 and revenues of $5.24 billion. $GIS slumped as the company revised its FY25 profit outlook downward, citing increased promotional activity to regain consumer loyalty. While the results were mixed, the long-term trajectory remains uncertain as it balances cost pressures with market competitiveness.

IBM found itself in headlines for multiple reasons. While $IBM is a key player in the AI and cloud markets, with projections showing significant growth in both sectors, the company also gained attention due to partnerships in AI applications and cloud integration. Its broad diversification makes it a steady player in the evolving tech landscape.

Jabil impressed with a robust earnings report, lifting its FY25 outlook after adjusted EPS of $2.00 beat estimates. $JBL strong performance, bolstered by growth in cloud data centers, saw the stock rise over 13% pre-market and maintain momentum throughout the session. The company’s diversification into high-growth sectors continues to be a driving force for its success.

Today's session highlighted diverse narratives across industries. While travel and tech sectors showcased strength, defensive names like General Mills struggled under margin pressures. As markets digest these developments, the after-hours trading landscape remains active, setting the tone for tomorrow’s opportunities.