Cracker Barrel and Chewy Guidance; Freight Selloff

Oracle Falls After Hours, Super Micro Plunges, Cracker Barrel Jumps

On this episode of Stock Movers: - Oracle (ORCL) shares are down 4.3% in extended trading, after the software company reported fourth-quarter results that were slightly better than expected on key metrics, including cloud infrastructure revenue. It also gave an outlook. -Super Micro Computer (SMCI) fell the most in almost three months after the company announced a plan to raise $7 billion through a package of equity offerings, a move meant to help pay for the production of more artificial intelligence servers. - Cracker Barrel (CBRL) jumps 23% after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. The results prompted Wells Fargo to raise its recommendation on the stock to overweight. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: Cracker Barrel Soars, Super Micro Plunges, Trucking Companies Fall

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. - Whimsical salt-and-pepper shakers and Americana merchandise are helping Cracker Barrel (CBRL) recover from the political attacks that beset it last year. The restaurant chain raised its full-year revenue guidance and said declines in store traffic are moderating. The shares responded with a record gain in Wednesday’s trading, rising as much as 35%. - Super Micro (SMCI) fell the most in almost three months after the company announced a plan to raise $7 billion through a package of equity offerings, a move meant to help pay for the production of more artificial intelligence servers. The shares dropped as much as 19% to $33.12 on Wednesday in New York, reflecting concern about the deal’s earnings dilution. The stock had been up 39% this year through Tuesday’s close. - Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors. Old Dominion Freight Line (ODFL) FedEx Freight (FDXF) and Saia (SAIA) all fell at least 10% intraday, before recovering some of the losses. Old Dominion stock closed 5.1% lower, with FedEx Freight and Saia down 7% and 3.3%, respectively. The companies specialize in “less-than-truckload” services, carrying shipments that are larger than parcels but smaller than full truckloads. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Cava Gains, Parabilis Medicines Soars, Cracker Barrel Jumps

On this episode of Stock Movers: -Cava Group (CAVA) is up 6.1% after UBS raised the recommendation on the fast-casual chain to buy from neutral. - Parabilis Medicines Inc. (PBLS) jumps 47% in its trading debut, after the company raised nearly $745 million in an upsized US initial public offering that priced above its marketed range and a private placement. - Cracker Barrel (CBRL) jumps 23% after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. The results prompted Wells Fargo to raise its recommendation on the stock to overweight. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Robinhood Rises, Super Micro Computer Drops, Oracle Gains With Focus on Data Center Projects On this episode of Stock Movers:

On this episode of Stock Movers: -Robinhood (HOOD) shares rise. Cantor Fitzgerald raised its price target on the exchange to $110 from $100 as it sees upside from prediction markets. Analyst Ramsey El-Assal notes that Kalshi captures the underlying exchange economics of Robinhood’s prediction markets volumes, but sees Robinhood’s recent Rothera prediction market joint venture capturing the majority of these economics over time. -Super Micro (SMCI) shares fall. The company said it plans $7 billion in equity and equity-linked financing transactions to fund component purchases to satisfy around $39 billion in AI server orders it has received from customers. -Oracle (ORCL) shares gain. Oracle Corp. is scheduled to report quarterly results Wednesday with Wall Street watching to see how quickly the company can get massive AI data center projects built so it can convert cloud bookings into revenue. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Super Micro Computer Falls, Chewy Drops, Cracker Barrel Soars as Outlook Boost Spurs Upgrade

On this episode of Stock Movers: -Super Micro (SMCI) shares fall. The company said it plans $7 billion in equity and equity-linked financing transactions to fund component purchases to satisfy around $39 billion in AI server orders it has received from customers. -Chewy (CHWY) shares drop. The company cut its full-year revenue outlook as Americans rein in spending on their pets — one of the few household expenses that have remained fairly shielded as inflation worries bite.  -Cracker Barrel (CBRL) shares jump as much as 35% on Wednesday, the most intraday on record, after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. The results prompted Wells Fargo to raise its recommendation on the stock to overweight. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.