JD - Hot Stocks: FCEL PSFE BBW rise on earnings; JD drops; SCHW slips on block trade report

2023-03-09 11:41:57 ET

Ahead of a key U.S. jobs report, stocks showed modest strength in Thursday's midday trading, helped by better-than-expected jobless claims.

Looking at individual stocks, FuelCell Energy ( FCEL ), Build-A-Bear Workshop ( BBW ) and Paysafe ( PSFE ) all posted double-digit percentage gains following the release of better-than-expected earnings results. Meanwhile, Chinese e-commerce company JD.com ( NASDAQ: JD ) plunged on revenue concerns after the firm's Q4 results.

In other news, Charles Schwab ( SCHW ) slipped on a report of a block trade offered via JPMorgan.

Gainers

FuelCell Energy ( FCEL ) rose about 15% after its bottom-line result topped the consensus mark in Q1 . "We remain focused on executing our project backlog and growing our generation operating portfolio and expect the Toyota and Derby projects to achieve commercial operation during calendar year 2023," CEO Jason Few said.

Meanwhile, Paysafe ( PSFE ) jumped ~19% on an upbeat revenue outlook for Q1 and 2023. This came despite mixed Q4 results . The company sees Q1 revenue in the range of $375M - $380M vs. consensus of $372.92M. For the full year, PSFE predicted revenue in the range of $1.58B - $1.6B vs. consensus of $1.56B.

Paysafe CEO commented: "Looking ahead, we remain relentlessly focused on client experience, product innovation, and further sales transformation to fully leverage our assets globally and capture meaningful growth opportunities for years to come."

Build-A-Bear Workshop ( BBW ) also surged on earnings news. Shares jumped more than 25% after a Q4 earnings beat . The company also declared a special dividend of $1.50 per share, payable on April 6.

"With the positive momentum continuing into the first quarter of fiscal 2023, we look to our promising future with an even stronger brand, an elevated digital and organizational infrastructure, a proven multi-dimensional strategy and a motivated seasoned team committed to continue to drive shareholder value," the firm's CEO said.

Decliners

JD.com ( JD ) shares plunged more than 9% after missing Q4 sales estimates in local currency, with Covid lockdowns hitting spending appetite for electronics and home appliances.

CEO commented: “Looking ahead, amidst ever-evolving opportunities and challenges, we will stay focused on lowering costs, increasing efficiency, and constantly improving user experience."

The company also announced a cash dividend of $0.62 per ADS to be paid on or around May 4, 2023.

Meanwhile, Charles Schwab ( SCHW ) saw 6% decline on a report that an unidentified seller conducted a block trade of 8.5M shares. According to Bloomberg, the shares were offered at $73 to $74 each.

To keep track of Wall Street's biggest winners and losers throughout the session, head over to Seeking Alpha's On The Move section .

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