Celestica traded lower after earnings despite reporting strong results, including beats on revenue and expectations, solid operating margins, and 64% year-over-year growth in its connectivity and cloud solutions business. The selloff appeared larger than what the earnings report alone would suggest, and the focus was on waiting for the stock to stabilize and identify key technical levels before taking action.
Meta traded higher after delivering a very good quarter and raising guidance on the EBIT line, even as it announced significantly higher expenses and capex expectations. Tesla, meanwhile, was described as trading more on future revenue expectations tied to AI and robotics, such as its Optimus humanoid robot, rather than near-term auto fundamentals, with the stock moving from early gains after earnings into weakness.