Tech Stocks Rebound, Salesforce Down 5%
Equity indices traded notably higher for the second consecutive session on Wednesday as Technology - both hardware AND infrastructure software - continued to reclaim the leadership mantle from the "heavy asset" group preferred by investors fretting over AI disruption this month. In turn, Industrials and Staples underperformed today as traders booked profits and rotated back into Growth, with Real Estate also weighed down by an uptick in Treasury yields. Post earnings afterhours action in the largest semiconductor play - Nvidiaup over 3% initially and then down marginally - and the largest U.S. Software/Application name - Salesforcedown 5% - suggests that today's risk-on rotation could be brief. Indeed, the opening hour of the evening session is seeing Nasdaq 100 and Dow Industrials futures contracts down 0.2% and S&P e-minis off by a decimal.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Sezzleup 15.7%Nutanixup 14.9%Marriott Vacations Worldwideup 12.1%NPK Internationalup 8.3%Chime Financialup 8.3%IonQup 7.0%Sterling Infrastructureup 6.8%DOWN AFTER EARNINGS -PROCEPT BioRoboticsdown 27.1%Array Technologiesdown 22.8%C3.aidown 22.5%Energy Recoverydown 20.2%GoodRxdown 11.0%Trade Deskdown 16.2%Universal Health Servicesdown 6.0%Synopsysdown 4.9%HEICOdown 4.9%Salesforcedown 4.6%Zoom Communicationsdown 3.8%Snowflakedown 2.3%Nvidiadown 0.2%
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- Layoff Impact: Block's announcement to reduce its workforce from 10,000 to 6,000 aims to enhance operational efficiency, although this drastic change raises concerns about the company's future development.
- Strong Outlook Guidance: The company issued robust performance guidance for 2026 and Q1 2023, reflecting confidence in its position within the payments industry, despite Q4 earnings merely matching Wall Street expectations.
- Market Concentration: In the payments sector, only three stocks—Sezzle, StoneCo, and NCR Alteos Corp.—hold A-rated momentum grades, indicating a high concentration of market momentum and reflecting the intense competition within the industry.
- Stock Performance: While Block's shares surged double digits following the layoff announcement, the stock is still down approximately 3% year-to-date, indicating a cautious market sentiment regarding its long-term growth potential.
- Bidding War Termination: Netflix has officially walked away from the bidding for Warner Bros, resulting in an over 8% increase in its pre-market stock price, while Paramount's successful all-cash offer of $31 per share reflects a positive market reaction to Netflix's strategic shift.
- Investment Focus Shift: Netflix plans to invest around $20 billion in 2026 on films, TV, and other services, indicating a strategic pivot towards content creation despite the failed acquisition, which aims to bolster its competitive edge in the streaming market.
- Market Reaction: Following the acquisition news, Paramount's stock rose by 6%, while Warner Bros saw a nearly 2% decline, illustrating the varied market responses to the outcomes of the bidding war and highlighting investor sensitivity to industry developments.
- Regulatory Risk Management: Paramount's agreement to pay Warner $7 billion if the deal fails to gain regulatory approval demonstrates confidence in the transaction's success, while also reflecting Netflix's cautious approach in navigating potential regulatory challenges.

- Stock Price Surge: Shares have jumped about 30% following updated forecasts for 2026.
- Profit Expectations: Adjusted profit estimates are now projected to be above previous estimates.
- Earnings Beat: Marriott Vacations reported an adjusted EPS of $1.86 for Q4, surpassing market expectations of $1.57, which highlights the company's strong profitability and boosts investor confidence.
- Sales Growth: The company's quarterly sales reached $1.323 billion, exceeding the anticipated $1.294 billion, indicating sustained competitiveness in the market and enhancing shareholder value.
- Stock Surge: In pre-market trading, Marriott Vacations shares jumped 12.7% to $65.34, reflecting market optimism about the company's future growth potential and likely attracting more investor interest.
- Positive Guidance: The company also issued FY26 adjusted EPS guidance above estimates, further solidifying its leadership position in the vacation industry and laying a strong foundation for future growth.
- Record GMV Achievement: Sezzle's Gross Merchandise Volume (GMV) reached a new quarterly high of $1.2 billion, reflecting a 35.3% year-over-year increase, primarily driven by strategic investments in scaling subscription offerings, indicating robust growth potential in the market.
- Earnings and Revenue Beat: The company reported a 32.2% surge in total revenue to $129.9 million for Q4, exceeding analysts' expectations of $127.6 million, with adjusted earnings per share at $1.21, significantly above the $0.96 forecast, showcasing improved operational efficiency.
- Strong 2026 Outlook: Sezzle forecasts a revenue increase of 25% to 30% for fiscal 2026, with expected annual adjusted profit of $4.70 per share, surpassing estimates of $4.33, demonstrating the company's strategic commitment to integrating shopping, flexible payments, and essential services.
- Retail Sentiment Soars: Retail sentiment on Stocktwits for Sezzle jumped from 'bullish' to 'extremely bullish', with message volumes increasing by 300%, reflecting strong investor confidence in the company's future performance.
- Earnings Surprise: Sezzle Inc. reported earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $0.96, and showing a significant increase from $0.73 a year ago, indicating improved profitability.
- Revenue Growth: The company posted revenues of $129.87 million for the quarter, surpassing the Zacks Consensus Estimate by 1.24%, and reflecting a 31.5% increase from $98.22 million a year prior, demonstrating enhanced market competitiveness.
- Market Performance: Despite the strong quarterly results, Sezzle Inc. shares have declined approximately 4.5% year-to-date, contrasting with the S&P 500's 0.7% gain, indicating cautious market sentiment regarding the stock's future performance.
- Future Outlook: With a current Zacks Rank of 4 (Sell), indicating pessimism about future earnings expectations, investors should monitor upcoming quarterly earnings revisions to assess potential stock price movements.








