Late Night Market Recap

 Night.Owl
 
  Night.Owl
 
Follow  Message
 
 
 
Night.Owl masters market recaps, offering sharp analysis that uncovers hidden patterns and key moves. Stay ahead with Night.Owl’s expert insights.
 

•  04 Dec 2025
 

•   DG  
   
  0.00%
•   HPE  
   
  0.00%
•   KR  
   
  0.00%
•   META  
   
  0.00%
•   MRVL  
   
  0.00%

$META led the charge among technology giants with shares climbing over 3% on reports that CEO Mark Zuckerberg is considering deep budget cuts to the company's metaverse division, with reductions potentially reaching 30%. The Facebook parent company, which rebranded itself in October 2021 to signal its pivot beyond social media, saw investors cheer the prospect of improved capital efficiency. The company also declared a quarterly cash dividend of $0.525 per share payable December 23rd to stockholders. However, not all news was positive for Meta, as the European Union launched a formal antitrust investigation into the WhatsApp AI policy, examining how the Meta AI assistant was introduced within the messaging platform. Despite this regulatory headwind, the momentum remained strong as traders bet on leaner operations driving better margins.

$HPE faced selling pressure in extended trading after Hewlett Packard Enterprise reported mixed fourth quarter results. The company posted non-GAAP earnings per share of $0.62, beating estimates by $0.04, but revenue of $9.7 billion missed expectations by $210 million despite growing 14% year over year. The technology infrastructure provider had recently unveiled a major expansion of its AI-native networking and cloud portfolio ahead of the earnings release, but investors focused on the revenue shortfall rather than the earnings beat.

$MRVL experienced volatility as Marvell Technology initially rallied nearly 8% following better-than-expected earnings, only to see the momentum fade as traders questioned whether the move had run its course. Management reassurance on data center revenue growth initially boosted sentiment, but the stock pulled back 2% as multiple analyst firms maintained their ratings while setting price targets that suggested limited near-term upside. Firms including Stifel, Jefferies, and Oppenheimer maintained buy recommendations, while Goldman Sachs stuck with a neutral rating.

$KR stumbled significantly, dropping over 4% after Kroger reported a mixed third quarter that highlighted cautious consumer behavior. The grocery giant posted adjusted earnings of $1.05 per share, edging past estimates, but sales of $33.859 billion fell short of expectations by 1.25%. The company narrowed its identical sales guidance for the full year as shoppers increasingly watched their wallets, though e-commerce sales provided a bright spot with 17% growth.

$DG delivered the day most impressive performance with shares surging nearly 14% after Dollar General smashed expectations across the board. The discount retailer reported net sales of $10.65 billion and delivered an earnings surprise of 39.13%, prompting management to raise the full-year profit forecast. Strong traffic to stores, particularly new and upgraded locations, demonstrated that bargain hunters remain active despite broader economic concerns. The company also declared a $0.59 dividend, rewarding shareholders who have stuck with the stock through its recent transformation efforts.

View All Headlines