Hot Stocks: Nvidia, Snowflake, E.L.F., American Eagle

Seana Smith from Yahoo Finance Live is checking out some stocks that are popular during after-hours trading.

Seana Smith talks about what's popular in the stock market after hours. She mentions four companies, including NVIDIA, which has gained 20% in extended trading. NVIDIA's impressive report and good guidance are making its stock rise.

NVIDIA made a lot of money, $7.2 billion. EPS was also good, $1.09. This is better than what people expected. NVIDIA said they will make $11 billion in 2Q, which is more than what people thought they would make. NVIDIA thinks AI is successful and they will make more money.

You gained about 109% since the start of the year, but 2020 was difficult. You got a 90% gain.

Now let's talk about Snowflake. The situation is very different. Their shares have dropped by around 12.5%. The reason is that the company didn't meet the expectations of Wall Street. The outlook for product sales is also not great, which means that some companies are spending less on the cloud. This is bad news for Snowflake, as most of their revenue comes from product sales. It's a tough situation for them.

The stock did well lately after good cloud results from Microsoft and Alphabet. But now it's giving back 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 did really well this past year, with gains of almost 11% in extended trading. They're up over 300% in the last year! The company had a great report too, with net sales beating adjusted EPS. It was better than expected.

Sales have exceeded expectations for the entire year. This is the 17th quarter in a row that E.L.F has seen growth in net sales. The CEO believes they still have much potential. The company has seen a growth of almost 300% in just one year.

American Eagle Outfitters had a bad performance and frustrated investors. They lost nearly 15% in the stock market. Trading activity continues outside regular hours. The company predicts a drop in sales for the next quarter, which is causing the major movement in the stock price.

The company admits that macro challenges are affecting them and their guidance. Their full year operating income is now estimated to be $250 million to $270 million, lower than previously thought. The shares haven't changed much over the year, but they have dropped by 13% year to date.