Closing Bell Movers: Guidewire up 11% after Q3 beat, guidance raise

In the opening 90 minutes of the evening session, U.S. equity futures are up marginally – S&P 500 is up 0.1% at 5,985, Nasdaq 100 is up less than a decimal above 21,700, and Dow Industrials are up 0.1% at 42,631.  In commodities, WTI Crude Oil is keeping its second consecutive session of gains above $63 per barrel after a second consecutive week of outsized draw in crude stocks reported by API.  In metals, gold and silver are off their highs below $3,400 and $35 per ounce respectively, consolidating Monday’s strong gains.  

Tuesday trading saw more solid upside in the equity markets, led by Tech, Energy and Materials.  Dollar General was the best performing stock on the S&P 500, with the index also closing above 5,970 for the first time since February.  Treasuries initially also rallied but pared those gains as investor worries receded, particularly with surprisingly strong JOLTS data for the month of April, though the markets will see a more recent update on the health of the labor market with Friday’s release of non-farm payrolls.

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

HIGHER AFTER EARNINGS –

• Guidewire Software (GWRE) up 10.9%
• Healthequity (HQY) up 5.1%
• HP Enterprise (HPE) up 4.3%

ALSO HIGHER –

• AnaptysBio (ANAB) up 6.3% after announcing investigational rosnilimab data
• Lumentum Holdings (LITE) up 4.0% after raising guidance
• Wells Fargo (WFC) up 2.8% after Fed removes cap on assets

DOWN AFTER EARNINGS –

• Sportsman’s Warehouse (SPWH) down 9.1%
• Asana (ASAN) down 7.6%
• CrowdStrike (CRWD) down 6.2%
• Couchbase (BASE) down 3.0%

ALSO LOWER – 

• Merus N.V. (MRUS) down 7.1% after equity offering