Market Pulse
Mar 24, 12:47 PM EDT
Blowout Q4 earnings and 27-30% 2026 revenue guidance surge powers Axon 16% higher pre-market
Axon surged +16% pre-market on February 25 after posting Q4 revenue of $797 million (up 39% YoY) versus $755M estimate and adjusted EPS of $2.15 versus $1.60 estimate. Management guided 27-30% revenue growth for 2026 with Software & Services revenue up 40%, and introduced long-term target of $6 billion annual revenue by 2028. AI-driven adoption of software tools accelerated the high-margin ecosystem strategy execution.
Puig merger discussions emerge weighs on sentiment amid turnaround efforts
Estée Lauder announced merger talks with Spanish luxury beauty company Puig Brands S.A., with no final decision reached yet. The stock declined 0.23% in after-hours to $85.80 and 0.18% in pre-market to $85.45. The potential combination could reshape the luxury beauty landscape.
Coinbase launches 24/7 leveraged stock trading with 10X multiplier, driving crypto momentum
Coinbase (COIN) recovered to $200.63 after declining 3.04% in after-hours trading to $191.50 on March 23. The company launched 24/7 stock trading for Tesla, Apple, and Nvidia with 10X leverage, capitalizing on regulatory tailwinds including President Trump's call to enable yield-bearing stablecoins. Pre-market activity at $198.30 (-0.41%) reflects mixed sentiment with 26 analysts maintaining Buy consensus and average $314.94 price target implying 54% upside.
AI data center optical products power Corning to record levels as BofA reiterates Buy
Corning surged 5.68% on March 23, 2026 after unveiling AI-focused optical products at OFC 2026 conference, significantly outpacing tech sector's 1.63% gain. Pre-market March 24 trading showed -1.33% decline to $126.24 USD while after-hours fell -2.40% to $121.59 USD. Company introduced advanced multicore fiber and expanded-beam ferrules for AI data centers plus collaboration with US Conec for PRIZM TMT optical ferrule technology.
Trade Desk surges 15% premarket on OpenAI ad partnership talks, CEO massive buyback signals confidence
The Trade Desk surged 15%+ premarket on reports of early ad partnership talks with OpenAI to monetize AI-driven inventory, with CEO Jeff Green's $148 million buyout in March 2026 signaling insider confidence. However, Publicis Groupe downgrade warning earlier this week created headwinds. Stock showing strong insider buying momentum.
LyondellBasell surges overnight on Deutsche Bank upgrade and geopolitical supply tailwinds
LyondellBasell (LYB) declined 2.83 (-3.81%) in pre-market to $71.50. Deutsche Bank raised price target from $52 to $75 on March 19, while UBS upgraded to Neutral from Sell with $73 target. Stock surged 73.7% YTD amid geopolitical tensions benefiting petrochemical supply.
Gartner beats earnings but guides conservatively, weighs on pre-market momentum
Gartner reported Q4 2025 EPS of $3.94 (beat $3.51 estimate by 12.25%) but faced a 6% pre-market decline due to conservative 2026 guidance. Revenue outlook of $6.45B and adjusted EPS of $12.30+ reflects slower contract growth concerns. Stock down 2.82% in pre-market trading.
Energy refiner declines in pre-market on refining margin outlook
Marathon Petroleum closed at $232.53 on March 23 and declined 1.54% in pre-market trading to $228.95. Goldman Sachs names MPC a top oil stock, highlighting strong financials and refining margins, with Mizuho analyst raising price target to $224 from $205. Risks include geopolitical volatility affecting crude spreads and potential demand weakness.
UltraFLEXplus orders and photonics testers momentum powers Teradyne beat
Teradyne (TER) closed at approximately $303.14 with pre-market decline of $3.74 (1.25%) and after-hours decline of $1.16 (0.39%). The company reported Q4 earnings beating estimates on top and bottom lines, with strong momentum from UltraFLEXplus orders and new photonics testers. However, elevated PE of 83.57 and recent price appreciation present valuation sensitivity risk.
CF Industries plunges 7.38% on DOJ antitrust scrutiny over pricing practices
CF Industries (CF) tumbled 7.38% in pre-market to $115.68 amid DOJ antitrust investigation into pricing practices. Stock surged 59% YTD but regulatory concerns weigh on sentiment. After-hours down 0.84% to $125.95.
Senator Hawley probe announcement hammers credit scoring leader, stock down 5.78%
Fair Isaac crashed 5.78% on regulatory scrutiny announcement with Senator Hawley probing mortgage credit scoring practices. Stock down despite announcement of $1.5 billion share buyback program. Company completed $1 billion senior notes offering March 20. Stock suffered 17.09% monthly decline.
Pre-market weakness continues; Salesforce counters AI skepticism with $25 billion buyback
Salesforce is down 2.13% in pre-market trading to $199.54, following significant year-to-date declines of 20% amid investor concerns about AI monetization. Q4 FY26 revenue reached $11.2 billion (up 12% YoY) with EPS of $3.81 beating estimates by 24.92%, while Agentforce and Data 360 ARR surged 200% YoY. The company announced a $25 billion debt-funded share repurchase to counter investor skepticism and accelerate AI integration.