SanDisk (SNDK) gained 13.67% yesterday to close at $1,528.11. It added around 7% in pre-market trading this morning.
The storage supplier is forecasting an incredible adjusted gross margin target of 80% from FY 2028 through FY 2030. Adjusted operating margins will top around 75%.
In the communications sector, Netflix (NFLX) trended higher. The stock closed at $78.24, up from its 52-week low of $65.08. The company might focus its gaming expansion by shifting away from the competitive landscape. Instead of managing large-sized in-house studios, it will develop in formats that fit television. That would align better with its streaming service offering.
Workday (WDAY) gained 17.78% yesterday. The stock built a base between March and July, then broke out from the low $110 to close at $206.45. Unfortunately, the rally is in response to rumors that Silver Lake would buy the software firm.
StoneCo (STNE), a Brazilian fintech, risks closing below $10.00. The firm posted revenue and income rising by only 2.5% Y/Y.
Speculative trading will likely continue for the megacap firms. Microsoft (MSFT) bottomed below $360 and closed near $500. Gaining only $2.63% YTD, risks are high that the stock might pull back.
Meta Platforms (META) abruptly erased stock price losses from $595 to below $530. It rebounded this month and closed near its 50-day simple moving average at $595.42. Lawsuits total more than $1 trillion. Treated like a firm selling addictive tobacco, markets might take profits from META stock’s recent rally.
