Welcome to another edition of 60 Seconds with Jon Najarian!
Pete and I are back in the coffee room here at CNBC. You know what else is back? The “Out of Service” sign on this coffee machine! But that’s not all that’s back…
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Here’s what you need to know before you go…
Tesla, Inc. (NASDAQ: TSLA)
Tesla has made a comeback of their own today. Shares of the electric car manufacturer are now up more than $10 off of the lows of the day.
This seems to come after further hype surrounding their newest electric pickup truck. Have you seen that thing?
There is also news coming out of China regarding a shakeout of China’s electric car market, leading to many investors flocking to the sector.
AutoZone, Inc. (NYSE: AZO)
AutoZone is a retailer for automotive replacement parts and accessories.
AZO is up BIG today after beating 1st quarter earnings. The company also reported that same store sales were up almost 3.5%
Stitch Fix, Inc. (NASDAQ: SFIX)
AutoZone wasn’t the only company to beat analyst expectations for Q1 today. Just take a look at SFIX.
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Stitch Fix sells a wide range of apparel and accessories through their e-commerce platforms in the U.S.
Shares of SFIX are up 7% at writing. But they were actually up even higher by $2 at the beginning of the trading session. So the difference may be attributed to a short squeeze here on shares of Stitch Fix.
Conn’s, Inc. (NASDAQ: CONN)
Conn’s operates as a specialty retailer that sells furniture and other housewares in the U.S.
While CONN did report beating on profits, they missed on sales and guided to the downside on future sales numbers by 16% going forward.
The Bottom Line
That does it for this edition of 60 Seconds.
We’ll keep an eye on all the market action and will give you an update on all of the most important news in our next issue.