A number of stocks fell in the afternoon session after reports pointed to a broad-based weakening of consumer health, highlighted by rising loan delinquencies and falling spending intentions.
A number of stocks fell in the afternoon session after reports pointed to a broad-based weakening of consumer health, highlighted by rising loan delinquencies and falling spending intentions.
A number of stocks fell in the afternoon session after reports pointed to a broad-based weakening of consumer health, highlighted by rising loan delinquencies and falling spending intentions.
As investors prepare for a deluge of consequential data this week – in the next three days, really – some may be surprised by the relative complacency shown by volatility measures.
XRP, the native digital asset of the Ripple blockchain ecosystem, is once again at the center of investor speculation as a surge in positive sentiment and technical indicators fuel predictions of a major rally in 2025. Often caught in the crossfire between regulatory headwinds and market volatility, XRP has recently
Shares of ScanTech AI Systems Inc. (NASDAQ: STAI) are trading higher Tuesday after the company announced a strategic partnership that could significantly boost its public sector reach.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Tuesday as we examine the latest happenings in today's session.
CyberArk Software Inc. (NASDAQ: CYBR) shares are trading higher Tuesday after a report from The Wall Street Journal revealed that Palo Alto Networks is in talks to acquire the company for more than $20 billion.
Since 1995, the rebound in speculative measures over the past three months has been one of the sharpest on record, and in rare company with now infamous bubble tops in 1999-2000 and 2021.
QuantumScape Corporation (NYSE:QS), a leading developer of solid-state lithium-metal batteries for electric vehicles, saw its shares drop sharply following its latest earnings announcement. The decline reflects growing investor concern over the company’s financial performance, delayed commercialization roadmap, and heightened competition in the solid-state battery space.
Post-Earnings Stock Reaction
Nvidia CEO Jensen Huang once celebrated a company milestone with a tattoo. Investors who bought the stock after the tattoo image surfaced have been pleasantly rewarded.
In a surprising twist that blends the emerging world of cryptocurrencies with traditional tech equities, Hyperscale Data Inc. (NASDAQ:HYPR) has seen a notable surge in its stock value following the revelation of significant XRP token accumulation on its balance sheet. The unconventional move has triggered strong interest from retail
Shares of waste management services provider Waste Management (NYSE:WM)
jumped 3.3% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations for both revenue and profit. The company posted revenue of $6.43 billion, marking a 19% increase year-over-year, alongside an adjusted earnings per share of $1.92. This growth was largely fueled by the acquisition of Stericycle, which contributed significantly to the positive results. In addition to beating on the top and bottom lines, Waste Management achieved a record operating expense margin, highlighting operational efficiency. The company also boosted investor confidence by raising its full-year free cash flow guidance by $125 million, projecting a range between $2.8 billion and $2.9 billion.
Shares of offshore banking group Butterfield Bank (NYSE:NTB) jumped 3.8% in the afternoon session after the company reported strong second-quarter financial results that beat analyst expectations and announced an increase in its shareholder returns. The bank posted earnings per share of $1.26, surpassing consensus estimates, on revenue of $146.40 million, which marked a 2.31% increase year-over-year. Alongside the positive earnings, Butterfield announced a 14% increase to its quarterly dividend, bringing it to $0.50 per share, and initiated a new share repurchase program. This enhanced capital return strategy, coupled with the strong quarterly performance, underscored management's confidence and commitment to delivering shareholder value. The reported earnings also represented a notable improvement compared to the $1.09 per share earned in the same quarter of the prior year.
Shares of home appliances manufacturer Whirlpool (NYSE:WHR)
fell 12.6% in the afternoon session after the company reported disappointing second-quarter earnings, significantly cut its dividend, and lowered its full-year financial forecast. The company's second-quarter earnings per share of $1.34 missed analyst expectations, and net sales fell 5.4% year-over-year to $3.77 billion. Management pointed to declining global demand, increased promotions, and competitors stockpiling imports ahead of U.S. tariffs as key pressures on the results. In response to the challenging environment, Whirlpool reduced its full-year earnings guidance to a range of $6.00 to $8.00 per share, a significant drop from its previous forecast of around $10.00. The company also announced a major cut to its annual dividend, lowering it to $3.60 per share. Following the news, Bank of America downgraded the stock to "underperform" and reduced its price target to $70.
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 9.1% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations and raised its full-year financial outlook. The electronic design automation (EDA) company, which provides software and hardware for designing semiconductors, posted second-quarter adjusted earnings of $1.65 per share on revenue of $1.28 billion. This revenue figure represented a 20% increase year-over-year, and both metrics beat analyst forecasts. The strong performance was attributed to high demand from the artificial intelligence, high-performance computing, and automotive sectors. This result came despite Cadence disclosing a one-time charge of $140.6 million to settle legal proceedings with the U.S. government over its business operations in China. Investors appeared to focus on the strong results, as the company also increased its 2025 revenue forecast to a range of $5.21 billion to $5.27 billion and its adjusted EPS guidance to between $6.85 and $6.95. Following the news, analysts at firms including J.P. Morgan and Wells Fargo raised their price targets.
Shares of diversified bank holding company Merchants Bancorp (NASDAQCM:MBIN) fell 8.9% in the afternoon session after the company reported disappointing second-quarter 2025 earnings that fell significantly short of analyst expectations. The bank posted diluted earnings per share of $0.60, missing the consensus analyst estimate of $1.12. Net income for the quarter came in at $38.0 million, a significant drop from the $76.4 million earned in the same period a year earlier. The company attributed the decline primarily to a large increase in its provision for credit losses. This provision was linked to lower appraised values on multi-family properties and an ongoing investigation into borrower mortgage fraud. In response to the results, analysts at Raymond James lowered their price target on the stock, highlighting the earnings miss and increased net charge-offs.
Shares of equipment rental company Herc Holdings (NYSE:HRI) fell 17.9% in the afternoon session after the company issued a disappointing full-year forecast that overshadowed its second-quarter financial results. While the equipment rental company's revenue grew 18.2% year-over-year to $1.00 billion, it reported a net loss of $35 million. This loss stemmed primarily from $73 million in costs related to its acquisition of H&E Equipment Services and a $49 million asset impairment. The market reacted negatively to the company's updated guidance for the full year, with its revenue projection falling 15% below analyst expectations. The acquisition also increased Herc's debt load and pushed its net leverage ratio to 3.8x, amplifying concerns about the company's financial stability amid the costly integration process.
