After plunging by over 22%, watch MongoDB (MDB) shares today. The software firm announced the departure of two executives. Its fourth-quarter earnings failed to impress markets, either.
MDB traded 22.2% lower after posting a 26.8% Y/Y increase in revenue, to $695.1 million. It is forecasting a Q1/2027 loss from operations of up to $48 million (GAAP). That is a $0.34 to $0.29 per share loss.
Storage supplier Sandisk (SNDK) might bounce back after the nearly 9% drop yesterday. The stock faced meaningful selling pressure at $600 - $725. The firm is partnering with SK Hynix to standardize high-bandwidth flash. HBF is useful for artificial intelligence inference.
Seagate (STX) and Western Digital (WDC) shares also fell. The demand for storage cannot go on forever.
In the retail space, Target (TGT) and Best Buy (BBY) are the stocks to watch. TGT stock closed at a yearly high after it increased capital expenses. In the fourth quarter, the firm said it spent $1 billion more in capex Y/Y, totalling $5 billion. It is training staff, hiring more workers, and investing in technology and the supply chain.
BBY stock might break out of its downtrend. It posted a 1.0% Y/Y increase in revenue.
Best Buy’s peers in the consumer discretionary sector to consider include Chewy (CHWY), the Gap (GAP), and Five Below (FIVE)
