Closing Bell Movers: Stitch Fix jumps over 20% on earnings beat, guidance raise

Stock futures are up in the first hour of evening trading, with S&P 500 gaining 0.3% and Nasdaq 100 up 0.4%.  Investors are looking for signs of a bottom while gauging commentary from the White House pertaining to tariff implementation and President Trump’s tolerance toward the likelihood of a recession.  S&P 500 had briefly entered an official “correction” territory mid-day with a 10% decline from all-time highs on February 19th, though the index bounced from the lows.  While the close was still negative, Growth outperformed Value as defense-oriented Utilities and Staples endured heavier selling.   CPI data looms large for Wednesday morning, potentially bolstering the case for odds-on three Fed rate cuts in 2025 that are currently being priced in by fixed income markets.   

In Commodities, WTI Crude is up despite data from  American Petroleum Institute showing the largest build in crude inventories in four weeks.  Gold is modestly higher about $2,920, while Copper is looking to build on today’s 3% gains with early upside.

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

HIGHER AFTER EARNINGS –

• The E.W. Scripps Company (SSP) up 35.7%
• Stitch Fix (SFIX) up 21.0%
• Bowman Consulting Group (BWMN) up 11.7%
• Groupon (GRPN) up 6.5%
• Allbirds (BIRD) up 5.4%
• Casey’s General Stores (CASY) up 3.3%

ALSO HIGHER –

• Rocket Pharmaceuticals (RCKT) up 5.7% after being started at Outperform at BMO Capital
• MGP Ingredients (MGPI) up 1.4% after insider buy

DOWN AFTER EARNINGS –

• Zynex (ZYXI) down 25.0%
• Finance of America (FOA) down 14.6%
• loanDepot (LDI) down 12.4%
• Cadre Holdings (CDRE) down 6.0%
• Voyager Therapeutics (VYGR) down 4.3%
• Westrock Coffee (WEST) down 3.0%
• Nature’s Sunshine Products (NATR) down 2.3%