12 Consumer Discretionary Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, consumer discretionary stocks saw significant movements. Rocky Brands (RCKY) led the gainers with a 24.2% increase following their Q1 earnings release. Other notable gainers included Qurate Retail (QRTEA) and Sweetgreen (SG). On the downside, Starbucks (SBUX) experienced a 10% drop after their Q2 earnings announcement, with Leggett & Platt (LEG) and Foresight Autonomous (FRSX) also seeing declines. The movements reflect the market's reaction to recent earnings reports and overall market conditions.
April 30, 2024 | 8:31 pm
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POSITIVE IMPACT
Rocky Brands surged 24.2% in after-market trading following their Q1 earnings release, indicating strong performance.
The significant surge in RCKY's stock price is directly attributed to their positive Q1 earnings report, which likely exceeded market expectations.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Leggett & Platt's stock declined by 9.86% after their Q1 earnings were announced, indicating a negative market response.
The drop in LEG's stock price following their Q1 earnings report suggests that the financial results were below market expectations.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Starbucks saw a 10% decrease in after-market trading following their Q2 earnings announcement, reflecting investor disappointment.
The decline in SBUX's stock price post-Q2 earnings suggests the results did not meet investor expectations, leading to negative market reaction.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90