CHPT News & Events

Stock futures are mixed this morning as investors take profits in semiconductor stocks following the market reaction to Broadcom's earnings report. Broadcom's reaction suggests the market may be entering a phase where strong results alone are no longer enough if guidance does not materially improve.Economic data continues to point toward a resilient economy. Yesterday's ADP report showed private employers added 122,000 jobs in May, the strongest monthly gain in 16 months and above expectations. That has reinforced the view that the labor market remains healthy despite elevated interest rates. Investors now turn their attention to the jobless claims data and tomorrow's nonfarm payrolls report.Oil prices have eased slightly following reports of progress toward regional de-escalation in the Middle East. At the same time, gold is modestly higher as investors seek safety amid the pullback in technology shares and ongoing geopolitical uncertainty. Treasury yields are slightly lower this morning as traders position ahead of tomorrow's jobs report.In pre-market trading, S&P 500 futures fell 0.29%, Nasdaq futures fell 1.06% and Dow futures rose 0.95%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Tilly'sup 8%Orion Energyup 7%Caleresup 7%C3 AIup 2%ChargePointdown 1%DOWN AFTER EARNINGS -Broadcomdown 14%CrowdStrikedown 9%Cienadown 8%PVH Corp.down 23%Netskopedown 18%Five Belowdown 11%X-energydown 1%Columbus McKinnondown 1%

A flare-up in the U.S.-Iran conflict involving retaliatory strikes by Tehran targeting U.S. bases in Kuwait and Bahrait has goosed oil prices, weighed on equities, dented the retreat in Treasury yields, and propped up the Vix fear gauge.  Defensive sectors - Healthcare and Consumer Staples - were the two best performing sectors of the S&P 500 today, closely followed by Energy.  Meanwhile, Basic Materials and Technology - the best areas of the market over the past week - saw some profit-taking as the two worst performers on the benchmark.  Among notable individual movers, the recent high-flyers Lumentumand IBMsaw some of the biggest declines in the S&P 500, even though certain AI-buildout winners such as Western Digitaland Sandiskremained firmly bid.Cautious sentiment continues in the evening session, with U.S. equity futures seeing S&P e-minis down 0.5% and Nasdaq 100 contracts down 0.7%.  Post-earnings weakness from Broadcomand Crowdstrikeis not helping the tech-heavy indices.  In commodities, strong US Dollar has weighed on precious metals with Gold seeing a 1-week low of $4450 earlier and Silver sliding below $73 per ounce.  The cautious sentiment has likewise permeated the crypto arena, where Bitcoin has fallen below $65K for the first time since March.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Tilly'sup 22.1%ChargePointup 2.6%C3.aiup 1.4%DOWN AFTER EARNINGS -Netskopedown 20.3%PVH Corp.down 19.5%Broadcomdown 14.9%Petco Health and Wellnessdown 11.8%Five Belowdown 11.1%CrowdStrikedown 11.1%Veeva Systemsdown 5.7%

Reports Q1 revenue $101.8M, consensus $95.85M. "Q1 was a strong start to the year for ChargePoint, as we exceeded the high end of our guidance, delivered a third consecutive quarter of year-over-year growth, and maintained strong margins with continued cost discipline," said Rick Wilmer, President and Chief Executive Officer. "ChargePoint is entering the year focused on accelerating growth, driven by innovation like the new Express Solo, the world's fastest standalone EV charger. We've also strengthened our leadership team with the addition of Jyothi Swaroop as Chief Marketing and Growth Officer, positioning us to fully capitalize on this momentum and the innovation ahead."

ChargePoint sees Q2 revenue $100M-$110M, consensus $102.78M