CheckMan Stock Market Overview

Tesla shares surged 11% during premarket trading Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

Solar company SunPower said on Wednesday it plans to reduce its workforce and shut down certain business segments as part of a restructuring plan to help lower costs.

The Magnificent 7 will be hogging US financial news headlines over the coming weeks. Not to be confused with the Yul Byrnner-starring 60s Western classic, the term refers to the seven premier Big Tech stocks on the Nasdaq 100, namely Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA and Tesla.

Arthur J. Gallagher (AJG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Arch Resources' (ARCH) first-quarter earnings are likely to have gained on the back of strong contributions from West Elk and robust shipments.

Rogers Communication (RCI) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.81 per share a year ago.

CHARLOTTE, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that it will release its first quarter 2024 financial results for the period ended March 31, 2024, after the close of the market on Monday, May 6, 2024. The company will hold a related conference call on Tuesday, May 7, 2024, at 9 a.m. E.T. Participants on the call are asked to register five to 10 minutes prior to the scheduled start time by dialing 1-877-255-4315 and from outside the U.S. at 1-412-317-6579.

The gold market was stable during the early hours on Wednesday, as the market continues to see a lot of value hunting and positioning from long-term investors.

Chemical companies are expected to have benefited from a recovery in demand across several key end markets and a moderation of de-stocking activities in Q1. Let's see how DOW, EMN and OLN are poised ahead of their earnings releases.

AEYE, DCBO, VERI, ORN and EBAY have been added to the Zacks Rank #1 (Strong Buy) List on April 24, 2024.