The broader market remained flat today, with S&P 500 (ES), Nasdaq 100 (NQ), and Russell 2000 (RTY) all showing little movement. However, individual stocks saw some major swings following earnings reports and company updates. Here’s a breakdown of the biggest winners and losers:

Biggest Decliners

AMZN (-3%)

Amazon shares slid after AWS sales came in lighter than expected, and the company issued weak guidance for the next quarter. Investors were hoping for stronger cloud growth, but concerns about enterprise spending persist.

MCHP (-7%)

Microchip Technology fell after missing both earnings per share (EPS) and revenue estimates. Weak guidance for the next quarter, attributed to declining demand for automotive chips, weighed on the stock.

SKX (-12%)

Skechers saw a steep decline as the company missed EPS estimates and guided full-year revenue below expectations. Concerns over consumer spending trends seem to be hitting footwear brands.

ELF (-27%)

e.l.f. Beauty suffered its worst day in a long time, plunging 27% after reporting weaker-than-expected profit and lowering guidance. The company cited soft January sales trends as a major factor.

Biggest Gainers

PINS (+20%)

Pinterest soared as it beat revenue and monthly active user (MAU) expectations. Additionally, the company provided a better-than-expected Q1 outlook, signaling strong ad demand.

FTNT (+8%)

Fortinet jumped after reporting strong earnings and revenue. The company also raised its full-year revenue guidance, benefiting from rising demand for AI-powered cybersecurity solutions amid increasing cyber threats.

AFRM (+15%)

Affirm surprised investors with a profitable quarter, along with a revenue beat and strong full-year outlook. The buy-now-pay-later (BNPL) company continues to see solid consumer adoption.

TTWO (+9%)

Take-Two Interactive rose despite forecasting Q4 bookings below expectations, citing weak mobile gaming spending. However, the stock climbed as the company reaffirmed that GTA VI is on track for a Fall 2025 release.

EXPE (+10%)

Expedia delivered strong earnings and revenue, but warned about potential weaker travel demand due to inflation and high borrowing costs. Investors seemed to focus on the solid Q4 results rather than the cautious outlook.

Other Notable Moves

• AAPL (Flat): Apple stayed unchanged as it prepares to unveil a revamped iPhone SE to boost sales and attract new users.
• TSLA (-1.5%): Tesla raised Model X prices in the U.S., but shares dipped slightly amid broader EV market concerns.

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Earnings season continues to bring major swings in individual stocks, with investors focusing on forward guidance and macroeconomic pressures. While AI, cybersecurity, and digital payments showed strength, weaker consumer spending and cautious outlooks weighed on several stocks.