U.S. stocks rebound late in the day to finish positive after earlier drawdowns
Investors are still looking to potential trade deals to offer some certainty moving forward.
Investors are still looking to potential trade deals to offer some certainty moving forward.
Boeing shares rose Monday after the manufacturer got two pieces of good news as its stock was upgraded by Bernstein analysts, and the company's deal to reacquire Spirit AeroSystems cleared another hurdle.
Aerospace and defense company Woodward (NASDAQ:WWD) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 5.8% year on year to $883.6 million. The company’s full-year revenue guidance of $3.44 billion at the midpoint came in 1% above analysts’ estimates. Its non-GAAP profit of $1.69 per share was 15.4% above analysts’ consensus estimates.
Electronics manufacturing services company Sanmina (NASDAQ:SANM) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 8.1% year on year to $1.98 billion. On the other hand, next quarter’s revenue guidance of $1.98 billion was less impressive, coming in 4.4% below analysts’ estimates. Its non-GAAP profit of $1.41 per share was 2.5% above analysts’ consensus estimates.
Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 6.4% in the pre-market session after Truist analysts upgraded the stock's rating from Hold to Buy, signaling renewed confidence in the company's turnaround efforts. In their note, the firm emphasized that more than three years after initially downgrading Peloton, they saw tangible improvements in the company's fundamentals.
Truist analysts Monday upgraded Peloton stock to "buy" from "hold" and set a price target of $11, above the average target on Wall Street of $10.20, according to Visible Alpha.
Meta shares were holding steady Monday as the Facebook and Instagram parent prepares to report first-quarter results after Wednesday’s closing bell. Monitor these key chart levels.
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Shares of fuel cell technology Plug Power (NASDAQ:PLUG) jumped 39.2% in the morning session after the company locked in a new loan of up to $525 million, boosting its cash pile and providing more headroom to support operations and future growth plans. It also shared strong early sales for the first quarter of 2025, beating Wall Street's estimates. Q1 2025 revenue guidance was estimated at around $130 million to $134 million.
Shares of travel technology company Sabre (NASDAQ:SABR) jumped 21.1% in the morning session after the company agreed to sell its hospitality solutions business to TPG for $1.1 billion. The proceeds from the sale were expected to significantly bolster SABR's cash reserves, giving it more flexibility to invest in growth areas such as its airline IT services and travel marketplace platforms. Additionally, the transaction supported the company's efforts to achieve its target leverage ratio of 2.5x t