Stocks @ Night is a daily newsletter delivering after-hours market insights. Here's a look at what CNBC TV's producers were tracking as the S&P 500 posted its strongest month since 2020, and what's on the radar for the next trading session.
Apple Surges After Earnings Beat
Apple shares are up over 3% in extended trading following better-than-expected earnings and revenue. While services performed exceptionally well, iPhone sales were slightly below some forecasts. Despite this, the stock remains flat year-to-date and gained almost 7% in April. AAPL is currently off 6% from its December high.
Big Oil CEOs to Speak on CNBC
Chevron's CEO Mike Wirth and Exxon Mobil's CEO Darren Woods will be interviewed on 'Squawk Box' at 6 a.m. and 8 a.m. respectively, after both companies report quarterly earnings. These interviews will provide crucial insights into the global energy landscape, particularly in light of recent geopolitical events. Chevron has gained 9.3% in the last three months (up 3.5% since the start of the Iran conflict), while Exxon Mobil has risen 9.1% (up 1.2% since the conflict began). Brent crude has surged 53% and West Texas Intermediate has gained 57% since the conflict started, boosting the S&P Energy sector by 6.5%.
Berkshire Hathaway Annual Meeting
CNBC's Becky Quick will be reporting live from the Berkshire Hathaway annual meeting in Omaha, Nebraska. Berkshire Hathaway's A shares are down over 5% year-to-date and 11% year-over-year, currently trading at $711,900.
Meta Platforms will return to a New Mexico courtroom for the next phase of a child safety case, following a $375 million loss last month. The stock is down 7.3% year-to-date and dropped 8.6% on Thursday amid concerns about capital expenditures.
April Auto Sales Data Incoming
CNBC's Phil LeBeau will be closely monitoring April auto sales figures. Several automakers have experienced declines: Toyota (down 15% in three months, 22% from its high), Honda (down 20% in three months, 30% from its September high), Ford (down nearly 13% in three months, 18% from its February high), General Motors (down 8.5% in three months, 18% from its February high), Tesla (down 11.3% in three months, 23% from its December high), and Stellantis (down 26% in three months, 40% from its December high).
April proved to be a strong month for markets: Nasdaq Composite (+15.3%), S&P 500 (+10.4%), Russell 2000 (+12.2%), and Dow Industrials (+7.1%). Communication Services and Tech led the S&P 500, gaining 18.4% and 17.4% respectively. Top-performing S&P 500 stocks included Intel (+114%), Sandisk (+72%), ON Semi (+63%), AMD (+74%), and Western Digital (+60%).
