Closing Bell Movers: Expedia, TripAdvisor jump on Q2 earnings beats

In the opening hour of the evening session, U.S. equity futures are up slightly, with S&P 500 e-minis, Nasdaq 100, and Dow Industrials all up 0.2%.  In commodities, WTI Crude Oil has extended its decline on Thursday for the sixth straight day to trade below $64 per barrel.   Metals, on the other hand, continue to break out, with both Gold and Silver up over 1%.   Gold has also briefly topped $3,500 level – a multi-year high.

Utilities and Staples were the best performing sectors on the S&P 500, while Health Care was again the weakest sector, dragged down by disappointing performance out of Eli Lilly – the 2nd worst stock on the index only after Fortinet, which suffered above 20% decline.   

Afterhours earnings session was highlighted by strong OTA performance, withe Expedia and TripAdvisor jumping on earnings beat.  Reporting Software names, which traded weaker on Thursday, were also generally higher, while Internet names like Pinterest and Grindr fell after earnings.  

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• nLIGHT (LASR) up 18.5%
• Expedia (EXPE) up 17.0%
• Viavi Solutions (VIAV) up 16.6%
• Arlo Technologies (ARLO) up 15.6%
• JFrog (FROG) up 15.4%
• Natera (NTRA) up 15.0%
• LegalZoom.com (LZ) up 12.8%
• TripAdvisor (TRIP) up 6.6%
• Doximity (DOCS) up 6.4%
• Block (XYZ) up 5.7%
• Monster Beverage (MNST) up 5.6%
• Take-Two Interactive (TTWO) up 3.4%
• Gilead (GILD) up 3.0%
• Akamai (AKAM) up 2.3%

DOWN AFTER EARNINGS –

• Trade Desk (TTD) down 28.9%
• Sweetgreen, Inc. (SG) down 25.9%
• Sezzle Inc. (SEZL) down 23.0%
• Grindr Inc. (GRND) down 14.5%
• Twilio (TWLO) down 10.8%
• Pinterest (PINS) down 10.4%
• Goodyear Tire & Rubber Company (GT) down 6.9%
• Yelp (YELP) down 4.0%
• Texas Roadhouse (TXRH) down 1.4%
• Wynn Resorts (WYNN) down 1.0%