Closing Bell Movers: Toll Brothers slips 4% after Q4 earnings miss

Equity markets started the week on the back foot, with S&P500, Nasdaq Composite, and Dow Industrials all turning in a negative session.  Communication Services were the worst performing sector of the S&P 500, paced by more pronounced losses of over 2% by Alphabet (GOOGL) on profit-taking and over-3% decline by Netflix (NFLX) after a competitive bid for Warner Bros emerged out of Paramount (PSKY), though Tech, and particularly Semiconductors were less pressured.  In the opening hour of the evening session, U.S. stock futures are positive however, with S&P 500 e-minis and Nasdaq 100 up 0.2%.   Nvidia’s (NVDA) 2% after-hours gain on President Trump’s TruthSocial post allowing the company to ship H200 chips to China is helping restore positive sentiment. 

Elsewhere in corporate news, Toll Brothers (TOL) was the most notable earnings report afterhours, and shares slid on a bottom-line miss along with cautious sentiment in the management’s outlook regarding soft demand in the homebuilding industry.

In commodities, WTI Crude Oil fell back below $59 per barrel after Friday’s lurch above $60, while precious metals traded little changed.   Sentiment in fixed income is also in stand-by mode with the Fed decision and dot-plot update on Wednesday, even as Treasuries continue to sell off, with the yield on the 10-year benchmark coming within a basis point of 4.20% – the highest mark since late September.

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

HIGHER AFTER EARNINGS –

• Mama’s Creations  (MAMA) up 19.1% 

ALSO HIGHER –

• Ares Management (ARES) up 7.0% after inclusion in S&P 500 index
• Sezzle (SEZL) up 6.6% after inclusion in S&P SmallCap 600 index
• Wave Life Sciences (WVE) up 6.3% after being upgraded to Outperform at RBC Capital
• Vital Farms (VITL) up 5.4% after inclusion in S&P SmallCap 600 index
• NVIDIA (NVDA) up 2.2%  after Trump TruthSocial post saying U.S. to allow H200 chip export to China

DOWN AFTER EARNINGS –

• Toll Brothers (TOL) down 4.2%
• Oil-Dri Corporation of America (ODC) down 3.1%
• Ooma (OOMA) down 1.9%
• Phreesia (PHR) down 1.0%
• Yext (YEXT) down 0.9%

ALSO LOWER –

• Almonty Industries (ALM) down 14.6% after equity offering
• Graphic Packaging (GPK) down 5.0% after cutting FY25 guidance, CEO resignation
• Kymera Therapeutics (KYMR) down 2.7% after equity offering