Top Trending Stocks: Nvidia, Snowflake, E.L.F. Beauty, American Eagle

Seana Smith from Yahoo Finance Live checks out some stocks that are trending after hours.

Seana Smith talks about what's trending after hours. Four names are in focus. NVIDIA is up almost 20% in extended trading. A strong report and guidance are boosting the stock.

The revenue and EPS numbers are good. The revenue guidance for 2Q is also better than expected. NVIDIA is doing well and should keep benefiting from AI.

You've gained 109% since the beginning of the year but last year was tough. This year, you've gained about 90%.

Now let's talk about Snowflake, which has a different story. The shares have dropped by almost 12.5 percent. The company didn't meet the expectations of the Street. Their product sales outlook didn't do well. This may mean some companies cut back on cloud spending. This is a big problem for Snowflake. Most of their revenue comes from product sales.

The stock had a strong month. This happened because of Microsoft and Alphabet's cloud results. However, the stock lost half of those gains in extended trading. Keep an eye on it for tomorrow's opening bell.

Let's talk about E.L.F Beauty. They've been doing really well - last year they gained nearly 11% in extended trading. And over the whole year, they went up more than 300%! They just released a report that says their net sales beat their expected earnings per share. That's really good news for them.

The sales guidance for the full year is exceeding expectations. E.L.F has had growth in net sales for 17 consecutive quarters. The CEO believes there is still more potential for growth. The company has grown roughly 300% in a year.

American Eagle Outfitters disappointed investors and its stock went down by 15%. After hours trading saw big movements as sales are expected to decline in the second quarter. This is the reason for the action.

The company is facing difficulties, which is affecting their guidance. Their operating income for the full year is now expected to be between $250 million and $270 million, lower than expected. Shares have remained mostly unchanged for the year, but have dropped by 13% so far.