Check out the companies making the biggest moves midday: AeroVironment — The defense contractor rallied more than 22% after reporting better-than-expected results for its fiscal fourth quarter. AeroVironment earned $1.61 per share, excluding certain items, on revenue of $275.1 million. Analysts polled by FactSet expected a profit of $1.38 per share on revenue of $241.5 million. The company’s fiscal 2026 revenue guidance also beat estimates. Bumble — The online dating service surged 23% after disclosing that it plans to slash 30% of its workforce . The reductions will help the company save $40 million annually, with most of the proceeds…
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Chewy ‘s entry into the clinical veterinarian market opens the pet-focused retailer to a multibillion-dollar market and can send its shares sharply higher, according to Morgan Stanley. Analyst Nathan Feather named Chewy a top pick, rating it overweight with a $50 price target, implying 15% appreciation from Tuesday’s close. More optimistically, Feather raised his bull case outlook by $7 to $75 per share, citing “upside optionality” tied to the clinic business. In that best-case scenario, Feather sees Chewy rising as much as 73%. “We see the clinic segment as a structural accelerant for the multi-year growth outlook with a high…
Risk stocks are back in vogue as the S & P 500 sits on the cusp of a new high. Animal spirits are again taking the market reign as investors’ fears have taken a breather, largely due to President Donald Trump walking back some of his most extreme tariff policies and the administration making progress on trade war de-escalation efforts. A boost in corporate artificial intelligence spending has also accelerated gains and put the index back in the green for the year. The S & P 500 on Wednesday hovered just below 6,147.43, its intraday record set on Feb. 19,…
U.S. President Donald Trump speaks during a press conference, at the NATO summit in The Hague, Netherlands, June 25, 2025.Brian Snyder | ReutersU.S. President Donald Trump on Wednesday said Spain’s refusal to meet the NATO defense spending target of 5% of gross domestic product will mean a tougher trade deal for the southern European country.Speaking at a news conference at NATO’s annual summit in the Netherlands, Trump said it was “terrible” that Spain wouldn’t commit to meeting the target by 2035.”You know they are doing very well. The economy is [doing] very well. And that economy could be blown right…
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England.Anna Barclay | Getty Images News | Getty ImagesBP shares jumped Wednesday on a report that the oil major is in early-stage talks to be acquired by Shell. People familiar with the matter told The Wall Street Journal that talks between BP and Shell are active but a deal is far from certain. The talks are progressing slowly, one person told the Journal.BP shares were last up about 7%. The British oil major is currently valued at nearly $85…
Micron Technology is scheduled to post its fiscal third-quarter earnings Wednesday after the bell, and some analysts are taking a rather optimistic view. The semiconductor manufacturing company is expected to earn $1.60 per share on $8.872 billion in revenue, according to analysts surveyed by LSEG. That would mark a more than 158% gain in earnings per share compared to the prior-year period. The revenue estimate points to a more than 30% jump year over year. The U.S.-based company’s latest results come as shares have soared more than 35% in the past month and more than 50% in 2025 — meaningfully…
President Donald Trump on Wednesday doubled down on his claim that U.S. bomb strikes completely destroyed Iran’s nuclear program, and he bristled at the attention being paid to an initial American intelligence report that suggests otherwise.”It’s been obliterated, totally obliterated,” Trump said of the Iranian nuclear site at Fordo during a press conference, before he departed a NATO summit in The Hague, Netherlands.A preliminary U.S. intelligence assessment, however, found that America’s airstrikes on three Iranian nuclear sites did not completely destroy those facilities.Rather, the U.S. bombings likely set Iran’s nuclear program back by a few months, not years, according to…
Artistgndphotography | E+ | Getty ImagesRepublic, a New York-based investment startup, is offering users exposure to SpaceX by issuing a “tokenized” representation of its shares.The company will begin selling the digital tokens this week and eventually plans to expand the offering to other private companies like artificial intelligence darlings OpenAI and Anthropic, as well as Stripe, X, Waymo, Epic Games and more. The Wall Street Journal first reported the story Wednesday.”We’re talking about delivering products to retail investors that they’ve have been held out of previously,” Republic co-CEO Andrew Durgee told CNBC. “The fact that retail investors couldn’t own pre-IPO…
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell is back Wednesday on Capitol Hill, this time speaking to the Senate banking committee as part of his semiannual monetary policy testimony.In his remarks Tuesday before the House Financial Services Committee, the central bank leader asserted that the Fed is “well positioned to wait” on interest rate policy as it watches the impact that tariffs will have on inflation.Should the duties present a longer-lasting impact on prices, Powell said the Fed…
Select technology and paper stocks could win big heading into the second half of the year. At least for now, it looks like the bull case for stocks will remain intact over the next few months. Stocks rose on Monday, with Wall Street shaking off any fears associated with the United States’ bombing of Iran over the weekend and a subsequent retaliation from Iran . That same day, Fundstrat co-founder and head of research Tom Lee said that Monday’s rally should actually strengthen the case for stocks to perform better in the latter half of 2025. “At the start of…
