A surge in oil prices and news of Warren Buffett’s investment in Apple Inc. (NASDAQ:AAPL) gave the stock market a lift on Monday, with the S&P 500 and the Dow Jones Industrial Average each gaining a full percent for the day.
The action didn’t stop after the bell, though. Thanks to some after-hours headlines, Agilent Technologies Inc (NYSE:A), LendingClub Corp (NASDAQ:LC) and Twitter Inc (NYSE:TWTR) are all stocks that should be on your watch list today.
Here’s why:
LendingClub Corp (LC)
LendingClub shares sank in Tuesday’s premarket trade as the company announced that a lawsuit against it appeared imminent.
LC on Monday evening said it had received a grand jury subpoena over “non-comforming sales” in the wake of former CEO Renaud Laplanche’s resignation, as well as the departure of other senior managers. An internal review of the company found that LC was not conforming to its own rules regarding loans.
According to USA Today:
“Company officials on Monday declined to discuss what testimony or records the subpoena sought. The company said it has also been in contact with the SEC after acknowledging Laplanche also failed to inform its board he held personal interests in a third-party fund in which Lending Club itself was considering an investment.”
LC shares were off 12% in early Tuesday trading.
Agilent Technologies Inc (A)
Agilent Technologies shares rose in after hours trading Monday following the company’s earnings call.
The laboratory equipment supplier reported earnings of 44 cents per share for its most recent quarter, beating estimates of 39 cents per share. Additionally, Agilent topped Wall Street’s revenue projections of $981.8 million, posting revenue of $1.02 billion in its most recent period. That was led by strength in the company’s CrossLab Group.
The current quarter’s earnings are expected to be in line with expectations at around $1.04 per share, but better for investors was the company raising its full-year guidance for core revenue growth and non-GAAP earnings per share, among other metrics.
A stock is up 3.7% after the bell Monday.
Twitter Inc (TWTR)
Twitter reportedly is considering a move that would please many of its existing users — namely, excluding links and photo URLs from tweets’ 140-character counts.
As it stands, URLs — regardless of length — take up 23 characters.
The change is being reported by Bloomberg, attributing a person familiar with the matter, who said it could happen within the next two weeks. Twitter itself has yet to comment on the matter.
While this would alter one of Twitter’s longest-standing rules, the change should come as no surprise if it comes to pass. TWTR has been throwing a number of initiatives at the wall in recent months to try to stem the tide of continued losses and massive share declines since early after its 2013 IPO. Twitter shares have been in free fall for 2016, off nearly 40% for the year-to-date.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
