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BullDigest's March 24 Post-Market Summary of Super Micro Computer, Inc.

  • 24.03.2025 22:05
  • bulldigest.com
  • Keywords: Post-Market, Summary, Super Micro Computer, Inc.

Check out BullDigest's March 24 Post-Market Summary of Super Micro Computer, Inc.. We provide a summary of the key news from market opening hours.

Post-Market SummaryJHXsentiment_satisfiedDNBsentiment_satisfied

Estimated market influence

James Hardie

James Hardie

Positivesentiment_satisfied
Analyst rating: Buy

Acquired Azek Co for $8.75B, leading to gains in M&A activity.

Clearlake Capital Group

Positivesentiment_satisfied
Analyst rating: N/A

Acquired Dun & Bradstreet Holdings for $4.1B, contributing to market gains.

Azek Co

Positivesentiment_satisfied
Analyst rating: N/A

Acquisition target of James Hardie, leading to stock gains.

Dun & Bradstreet Holdings

Dun & Bradstreet Holdings

Positivesentiment_satisfied
Analyst rating: N/A

Acquired by Clearlake Capital Group for $4.1B, contributing to market gains.

Super Micro Computer (SMCI)

Negativesentiment_dissatisfied
Analyst rating: N/A

Downgraded by Goldman Sachs to Sell with target price of $32; stock lost value despite positive criteria from Benjamin Graham's analysis.

Context

Business Insights and Market Implications Summary

Market Performance

  • Stock Indices:

    • S&P 500: +1.58%
    • Dow Jones Industrial Average: +1.23%
    • Nasdaq-100: +1.96%

  • M&A Activity:

    • James Hardie acquires Azek Co for $8.75B.
    • Clearlake Capital Group acquires Dun & Bradstreet Holdings for $4.1B.

Economic Data

  • Mixed Performance:
    • Feb Chicago Fed activity index: +0.26
    • Mar S&P Global services PMI: +3.3
    • Mar S&P Global manufacturing PMI: -2.9

Geopolitical Risks

  • Middle East tensions (Israel-Hamas conflict, US strikes on Houthi rebels) pose risks to global stock markets.

Tariffs and Trade Policy

  • US Tariff Concerns:
    • Easing concerns over April 2 tariffs, expected to be more targeted.
    • Previous tariffs imposed on Canada, Mexico, and China caused market pressure.

Interest Rates and Bond Markets

  • Market Expectations:
    • 16% discount for a -25bp rate cut at the May 6-7 FOMC meeting.
    • June 10-year T-notes: -15 ticks; yield up +7.3 bp to 4.319%.

Global Markets

  • Performance:
    • Euro Stoxx 50: +0.16%
    • Shanghai Composite: +0.15%
    • Nikkei 225: -0.18%

Stock Movers

Winners:

  • Tesla (+8%), Nvidia (+3%), Amazon, Meta, Alphabet, Apple, chip stocks (AMD, ARM Holdings Plc, ON Semiconductor, Microchip Technology, NXP Semiconductors NV, Analog Devices, KLA Corp, Lam Research, Texas Instruments), crypto-exposed stocks, Azek Co (+12%), Coherent Corp (+8%), Pinterest (+4%), Viasat Inc. (+9%), FedEx (+4%), Boeing (+2%), Dun & Bradstreet Holdings (+2%).

Losers:

  • Hormel Foods, Ball Corp, Kraft Heinz, Brown-Forman, Super Micro Computer (-1%), Lockheed Martin (-1%).

Key Analysis on SMCI (Super Micro Computer):

  • Goldman Sachs downgraded to Sell with a target price of $32.
  • JPMorgan analyst Samik Chatterjee expects easing gross margins and EPS growth in 2026.
  • SMCI meets Benjamin Graham's criteria for undervaluation.

Earnings Reports

  • Companies reporting on March 24: Aerovate Therapeutics Inc (AVTE), AMMO Inc (POWW), Enerpac Tool Group Corp (EPAC), Intuitive Machines Inc (LUNR), KB Home (KBH).