Happy Wednesday, Zingers! I’m sorry to all the AMC investors out there. If Taylor Swift can’t save the company, I don’t know who can. The theater chain reported earnings after the close. Neither an EPS and revenue beat nor the box office success of Swift’s Eras Tour concert film was enough to boost the stock, which at last check was trading down around 10%.

On the bright side, maybe the bearish price action will get more investors shorting the stock, priming it for another meme trading short squeeze. Chess, not checkers?

Today’s Price Action:

$SPY: -.13%
$QQQ: -.53%
$DIA: -.02%

Also, looking to earn some extra money on the side without getting a new job? Check out today’s partner.

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TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

Salesforce Shares Drop Despite Strong Earnings Numbers

Briefly: Following its latest earnings, Salesforce is being forcefully sold. The company beat revenue and EPS estimates, but the stock traded down more than 5% on the report.

So Basically: Salesforce’s fourth-quarter revenue increased 11% year-over-year to $9.29 billion, which beat the consensus estimate of $9.22 billion, according to Benzinga Pro.

So Then: The company reported quarterly adjusted earnings of $2.29 per share, which beat analyst estimates of $2.26 per share.

But Still: Salesforce sees first-quarter revenue in a range of $9.12 billion to $9.17 billion versus estimates of $9.15 billion.

So What? The market could be punishing Salesforce for giving guidance on the low end of expectations.

Click here to read more

PRESENTED BY FINANCE BUZZ

9 Easy Ways To Get Money Without Getting A Job

There’s nothing to be ashamed of if you're living paycheck to paycheck or struggling to make ends meet.

But not all of us have the time or luxury of picking up another job to make extra cash. It's tiring to work so many hours for very little take home pay.

Thankfully, there's a few ways that you can make some money (and save some too) by not getting a job. If you're struggling financially, here are 6 insanely easy things you can do right now that could help.

FIVE MOVERS

Duolingo is speaking my language! The stock traded up more than 20% after reporting stronger-than-expected earnings.

Fisker is scootin’ along and traded up more than 8% in today’s session. Investors could be getting excited before the company’s report tomorrow.

Okta, a $15 billion cloud and software company, reported strong earnings after the bell today. The stock moved higher by more than 20% on the numbers. 

Bitcoin crossed $60k and nearly hit all-time highs today, before taking a dip after Coinbase’s app struggled to handle the influx of volume.

LendingTree shares grew taller today, trading up about 10% on bullish coverage from an analyst.

ONE TRADE IDEA FOR TOMORROW

This Ain't 1999: Market Expert Says Magnificent 7 Stocks Are Not In A Bubble

Briefly: While some investors have been quick to call the recent rallies in Magnificent Seven stocks a "bubble," Ryan Detrick says that’s not the case.

Who: Detrick, the chief market strategist at Carson Group, joined Benzinga’s PreMarket Prep today to discuss market trends.

What: Detrick provided numerous data points to illustrate the current state of the market, highlighting the comparison between earnings growth and multiple expansion for the mega-cap firms known as the Magnificent Seven.

Specifically: NVIDIA has seen its earnings surge by more than 250% since early 2022, while the company’s multiple has only expanded slightly more than 100%. “There’s been a multiple compression the last 26 months on NVIDIA,” Detrick said. “The stock’s cheaper than it was 26 months ago.”

So What? Detrick acknowledged that the valuations of the Magnificent Seven are stretched, but pointed out that their growth is driven by actual earnings, setting this situation apart from the dot-com bubble of the late '90s.

Click here to read more

PRESENTED BY FINANCE BUZZ

5 Things To Try If You Need Extra Money This Month

You’ve got just enough money in your bank account to last until Friday … but then Monday rolls around, and you’re in the same situation. Again. Food. Bills. Rent. Gas. They dry up every bit of your take-home pay. 

But it doesn’t have to be this hard. With a few smart moves, you could supplement your income and afford that next vacation — without doing much extra “work,” or even getting a side job. Check out this FinanceBuzz article to find a solution and take control of your finances today.