After mobile advertising firm AppLovin (APP) jumped post-earnings, The Trade Desk (TTD) will do the same. TTD stock rose by around 20% in after-hours trading. It earned $0.33 a share on revenue of $736 million (-0.4% Y/Y).
Traders are betting that the worst is behind TTD’s business.
SkyDance (SKYD) might trade on strong volume today. The communications company posted non-GAAP EPS of $0.45. Revenue was $7.03 billion. The firm’s deep library might help it gain market share against Netflix (NFLX).
In the rocket segment, Rocket Lab (RKLB) might add to Monday’s 10.91% gain. It posted a 12-cent-per-share loss on revenue of $267.8 million. The company incurred higher costs, likely related to the extra cost of the Neptune tank flaw.
Solar energy stocks continued to face profit-taking. The Democrats won the midterms, which lifted First Solar (FSLR).
In the AI downstream market, Coherent (COHR) might add to its 16.79% gain on Monday. The rally is a follow-through from last Friday’s bounce. The optical electronics and photonics supplier benefits from the Marvell (MRVL) and Lumentum (LITE) merger. It raises awareness of an increase in demand for optical modules.
Customers might want to diversify away from Marvell-Lumentum. That would lift Coherent’s business. Readers might want to also consider Celestica (CLS), Nebius Group (NBIS), IPG Photonics (IPGP), Dycom (DY), and Sterling Infrastructure (STRL). Those firms are thriving as the AI buildout grows.
