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Booking Holdings, Roku, Turtle Beach Big Movers

Stock market futures edged higher late Wednesday after the Dow Jones, S&P 500 index and Nasdaq composite enjoyed solid gains in the regular session. There were many big movers on earnings, including Booking Holdings (BKNG), SolarEdge Technologies (SEDG), MercadoLibre (MELI), Turtle Beach (HEAR) and Carvana (CVNA).

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Booking Holdings (formerly Priceline) and SolarEdge Technologies are IBD 50 stocks. Booking and MercadoLibre were notable losers, while SolarEdge, Turtle Beach and Carvana were winners.

Dow Jones, S&P 500 Reclaim 50-Day Line

The S&P 500 and Dow Jones industrial average closed above their 50-day moving averages for the first time since April 19, while the Nasdaq hit its highest point since March 21. The Dow Jones climbed 0.75% for its fifth straight advance. The S&P 500 and Nasdaq composite rose 1%, extending their winning streaks to four sessions.

Crude oil futures rallied above $71 a barrel, giving a big lift to oil stocks.

Stock Market Futures

As for stock market futures, Dow Jones futures rose 0.2%. S&P 500 futures climbed 0.1% vs. fair value. Nasdaq 100 futures were 0.2% above fair value.

Big After-Hours Losers: Booking Holdings, Mercado

Booking Holdings reported better-than-expected first-quarter earnings and revenue. But shares of the online travel giant plunged 7% late on weak guidance for the current Q2. Shares had closed up 1% at 2,183.59, closing on a 2,229.09 base-on-base consolidation.

MercadoLibre, a Latin America e-commerce giant, badly missed Q1 earnings estimates amid an expensive free-shipping promotion. MercadoLibre fell nearly 6% late, suggesting a move to just below its 200-day moving average.

After-Hours Winners

SolarEdge Technologies’ earnings, revenue and guidance all topped consensus forecasts. SolarEdge makes products used for solar arrays. It also makes solar monitoring products. SolarEdge initially fluctuated late but then rallied, climbing 6%. That suggests a move to near its April 10 peak of 59.20. SolarEdge fell 0.9% to 55.65 in the regular session, but found support at its 50-day moving average.

Turtle Beach

Turtle Beach makes gaming headsets and audio accessories. The company reported blowout earnings and raised guidance for the second quarter. Shares skyrocketed 49% in late trading, suggesting an open at its best level since late 2015. Turtle Beach tumbled 11.5% to 6.94 on Wednesday, but shares have vaulted from 1.64 on Feb. 9.

Carvana

Carvana, which has an e-commerce platform for selling used cars, reported strong revenue growth of 126%. The adjusted loss was 40 cents a share, a penny below views. But Carvana, which came public at 15 in April 2017, jumped 5% late.

The stock dipped 0.8% to 24.76 in the regular session.

Carvana blasted past a 24.99 buy point on April 16, hitting a record 31.35 two sessions later. But the stock this week then pulled back and recently round-tripped that advance, invalidating the 24.99 entry.

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