Closing Bell Movers: AES Corp jumps 14% on takeover possibility
Don't Miss TipRanks' Half-Year Sale
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Energy was the best performing sector on the S&P 500 on Tuesday amid reemerging macro tensions, with Yemen's Houthi militants attacking a commercial ship on Red Sea. Meanwhile, Staples and Utilities were lower, with yields on U.S. Treasuries up for the 5th straight session.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
Kura Sushi (KRUS) up 1.9%
ALSO HIGHER –
DOWN AFTER EARNINGS –
Aehr Test Systems (AEHR) down 21.4%
Penguin Solutions (PENG) down 7.7%
ALSO LOWER –
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Stocks Climb on Strength in Magnificent Seven Stocks and Chip Makers
The S&P 500 Index ($SPX) (SPY) today is up +1.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.48%. September E-mini S&P futures (ESU25) are up +1.15%, and September E-mini Nasdaq futures (NQU25) are up +1.40%. Stock indexes are moving sharply higher today as they recover from some of last Friday's steep losses. Strength in the Magnificent Seven technology stocks and semiconductor chip makers is supporting the broader market. Additionally, the expectation that last Friday's dismal payroll and ISM manufacturing reports will prompt the Fed to lower interest rates is underpinning equity prices. The chances of a Fed rate cut at the September FOMC meeting rose to 90% from 40% before the reports were released. More News from Barchart Find Winning Momentum Trades With This Moving Average Stock Screener Tariffs, Earnings and Other Can't Miss Items this Week This Blue-Chip Dividend Stock Is Stuck in the Tariff Crosshairs. Can Cost Cuts Save the Day? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Today's US economic news was mixed for stocks. US June factory orders fell -4.8% m/m, right on expectations and the biggest decline in more than 5 years. However, June factory orders ex-transportation rose +0.4% m/m, stronger than the expectations of +0.3% m/m and the largest increase in 7 months. In the latest tariff news, President Trump last Thursday raised tariffs on some Canadian goods to 35% from 25% and announced a 10% global minimum, along with tariffs of 15% or higher for countries with trade surpluses with the US, effective after midnight on August 7. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced. The markets this week will focus on earnings reports and any fresh tariff or trade news. On Tuesday, the June trade deficit is expected to narrow to -$61.1 billion from -$71.5 billion in May. Also on Tuesday, the July ISM services index is expected to climb by +0.7 to 51.5. On Thursday, weekly initial unemployment claims are expected to increase by +3,000 to 221,000. Also on Thursday, Q2 nonfarm productivity is expected to be +2.0% with unit labor costs rising +1.5%. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 90% at the September 16-17 FOMC meeting and 76% at the following meeting on October 28-29. Q2 earnings reports released thus far suggest that S&P 500 earnings are on track to rise +4.5% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. With over 66% of S&P 500 firms having reported Q2 earnings, around 82% exceeded profit estimates. Overseas stock markets today are mixed. The Euro Stoxx 50 is up sharply by +1.30%. China's Shanghai Composite rebounded from a 2-week low and closed up +0.66%. Japan's Nikkei Stock 225 fell to a 1.5-week low and closed down -1.25%. Interest Rates September 10-year T-notes (ZNU25) today are up +1 tick. The 10-year T-note yield is down -0.4 bp to 4.212%. Sep T-notes today recovered from overnight losses and rallied to a 3-month nearest-futures high, and the 10-year T-note yield fell to a 1-month low of 4.196%. T-notes have positive carryover support from last Friday's weaker-than-expected payroll and ISM manufacturing reports, which boosted the chance of a Fed rate cut at next month's FOMC meeting to 90% from 40% before the reports. Also, today's -1% drop in WTI crude oil prices has reduced inflation expectations, a bullish factor for T-notes. In addition, today's strength in European government bonds is providing carryover support to T-notes. Gains in T-notes are limited by a rebound in equity markets, which curbs safe-haven demand for government securities. Also, supply pressures are weighing on T-notes as the Treasury will auction $125 billion of T-notes and T-bonds in this week's August quarterly refunding, beginning with Tuesday's $58 billion auction of 3-year T-notes. European government bond yields today are moving lower. The 10-year German bund yield fell to a 1.5-week low of 2.627% and is down -4.7 bp to 2.632%. The 10-year UK gilt yield dropped to a 1-month low of 4.501% and is down -2.2 bp to 4.506%. The Eurozone Aug Sentix investor confidence index unexpectedly fell -8.2 to -3.7, weaker than expectations of an increase to 6.9. Swaps are discounting the chances at 16% for a -25 bp rate cut by the ECB at the September 11 policy meeting. US Stock Movers Strength in the Magnificent Seven technology stocks is supporting gains in the broader market. Alphabet (GOOGL), Apple (AAPL), Nvidia (NVDA), and Microsoft (MSFT) are up more than +2%. Also, Tesla (TSLA) and Meta Platforms (META) are up more than +1%. Chip stocks are moving higher today, a supportive factor for the overall market. Advanced Micro Devices (AMD) is up more than +3%. Also, Marvell Technology (MRVL), KLA Corp (KLAC), and Broadcom (AVGO) are up more than +2%. In addition, Micron Technology (MU), Lam Research (LRCX), and ASML Holding NV (ASML) are up more than +1%. Steelcase (SCS) is up more than +59% after being acquired by HNI for $2.2 billion or about $18.30 per share. Idexx Labs (IDXX) is up more than +25% to lead gainers in the S&P 500 and Nasdaq 100 after reporting Q2 revenue of $1.11 billion, better than the consensus of $1.07 billion, and raising its full-year EPS forecast to $12.40-$12.76 from a previous forecast of $11.93-$12.43, stronger than the consensus of $12.21. Wayfair (W) is up more than +8% after reporting Q2 adjusted EPS of 87 cents, well above the consensus of 33 cents. Spotify (SPOT) is up more than +6% after it said it will increase the monthly cost of premium subscriptions in Markets across South Asia, the Middle East, Africa, Europe, and Latin America. Martin Marietta Materials (MLM) is up more than +4% after raising its full-year adjusted Ebitda forecast to $2.30 billion from a previous forecast of $2.15 billion-$2.45 billion, stronger than the consensus of $2.27 billion. Tyson Foods (TSN) is up more than +3% after reporting Q3 sales of $13.88 billion, above the consensus of $13.55 billion. ON Semiconductor (ON) is down more than -10% to lead losers in the S&P 500 and Nasdaq 100 after forecasting Q3 adjusted gross margin of 36.5% to 38.5%, the midpoint weaker than the consensus of 37.7%. Bruker Corp (BRKR) is down more than -11% after reporting Q2 revenue of $797.4 million, below the consensus of $810.2 million. LyondellBasell Industries NV (LYB) is down more than -3% after reporting Q2 adjusted Ebitda of $715 million, weaker than the consensus of $743.9 million. Berkshire Hathaway (BRK.B) is down more than -2% after reporting Q2 operating earnings fell -3.8% y/y to $11.16 billion. Waters (WAT) is down more than -1% after forecasting Q3 adjusted EPS of $3.15-$3.25, the midpoint below the consensus of $3.23. Earnings Reports (8/4/2025) Axon Enterprise Inc (AXON), Coterra Energy Inc (CTRA), Diamondback Energy Inc (FANG), Equity Residential (EQR), IDEXX Laboratories Inc (IDXX), Loews Corp (L), ON Semiconductor Corp (ON), ONEOK Inc (OKE), Palantir Technologies Inc (PLTR), SBA Communications Corp (SBAC), Simon Property Group Inc (SPG), Tyson Foods Inc (TSN), Vertex Pharmaceuticals Inc (VRTX), Waters Corp (WAT), Williams Cos Inc/The (WMB). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
38 minutes ago
- Yahoo
Beat the Market the Zacks Way: Oracle, Credo Tech, Palantir in Focus
Last Friday, the three most widely followed benchmark indexes closed a losing week. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite lost 2.9%, 2.4% and 2.2%, respectively. Dow Jones marked its steepest weekly decline since early April, while the S&P 500 snapped a 2-week winning streak. U.S. markets declined last week due to a combination of economic concerns, geopolitical tensions and earnings disappointments. A weaker-than-expected July jobs report raised fears about slowing economic momentum. Meanwhile, President Trump's announcement of new tariffs on EU and Canadian imports fueled worries of renewed trade tensions. Rising bond yields, with the 10-year Treasury climbing above 4.7%, pressured equity valuations and shifted investor preference toward safer assets. Disappointing earnings from major firms like Boeing and Meta added to the negative sentiments. Together, these factors led to profit-booking and a rotation out of high-growth sectors, dragging down the benchmark indices for the week. Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market. As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action. Here are some of our key achievements: Credo Tech and Pegasystems Surge Following Zacks Rank Upgrade Shares of Credo Technology Group Holding Ltd CRDO have gained 40.7% (versus the S&P 500's 4.3% increase) since it was upgraded to a Zacks Rank #1 (Strong Buy) on June 5. Another stock, Pegasystems Inc. PEGA, which was also upgraded to a Zacks Rank #1 on June 4, has returned 14.8% (versus the S&P 500's 4.3% increase) since then. A hypothetical portfolio of Zacks Rank # 1 (Strong Buy) stocks returned +3.39% in 2025 (through July 7th) vs. +5.19% for the S&P 500 index and +3.63% for the equal-weight version of the index. This portfolio returned +22.4% in 2024, vs. +28% for the S&P 500 index and +19.9% for the equal-weight version of the S&P 500 index. This hypothetical portfolio returned +20.65% in 2023 vs. +24.83% for the S&P 500 index and +15% for the equal-weight S&P 500 index. The Zacks Model Portfolio - consisting of Zacks Rank #1 stocks – has outperformed the S&P index by more than 12 percentage points since 1988 (through June 2nd, 2025, the Zacks # 1 Rank stocks generated an annualized average return of +23.5% vs. +11% for the S&P 500 index). You can see the complete list of today's Zacks Rank #1 stocks here >>> Check Credo Tech's historical EPS and Sales here>>> Check Pegasystems' historical EPS and Sales here>>> Image Source: Zacks Investment Research Zacks Recommendation Upgrades Cochlear and Virtu Financial Shares of Cochlear Limited CHEOY and Virtu Financial, Inc. VIRT have surged 13% and 5.5% (versus the S&P 500's 3% rise), respectively, since their Zacks Recommendation was upgraded to Outperform on June 13. While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions. The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model. To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>> Zacks Focus List Stocks Ulta Beauty, Palantir Shoot Up Shares of Ulta Beauty, Inc. ULTA, which belongs to the Zacks Focus List, have gained 28.3% over the past 12 weeks. The stock was added to the Focus List on March 25, 2020. Another Focus-List holding, Palantir Technologies Inc. PLTR, which was added to the portfolio on March 26, 2024, has returned 24.1% over the past 12 weeks. The S&P 500 has advanced 9.7% over this period. The 50-stock Focus List portfolio returned 8.84% in 2025 (through June 30th, 2025) vs. +6.21% for the S&P 500 index and +4.82% for the equal-weight version of the index. The Zacks Focus List portfolio returned +18.41% in 2024 vs. +25.04% for the S&P 500 index and +13% for the equal-weight S&P 500 index. The portfolio had returned +29.54% in 2023 vs. +26.28% for the S&P 500 index and +13.61% for the equal-weight S&P 500 index. In 2022, the portfolio returned -15.2% vs. the S&P 500 index's -17.96%. The portfolio leads the broader market over the preceding one, three, five and 'since 2004' periods. These annualized return comparisons are: +22.27% for the Focus List vs. +15.18% for the index over the one-year period, +22.61% vs. +19.71% over the 3-year period, +17.79% vs. +16.64% over the 5-year period, and +11.85% vs. +11.44% since 2004. Since 2004, the Focus List portfolio has produced an annualized return of +11.60% (through the end of May 2025). This compares to a +10.22% annualized return for the S&P 500 index and +9.41% for the equal-weight version of the index in the same time period. Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >> Zacks ECAP Stocks Oracle & Thermo Fisher Scientific Make Significant Gains Oracle Corporation ORCL, a component of our Earnings Certain Admiral Portfolio (ECAP), has jumped 62.2% over the past 12 weeks. Thermo Fisher Scientific Inc. TMO has followed Oracle with 9.3% returns. The Zacks Earnings Certain Admiral Portfolio (ECAP), which consists of 30 concentrated, ultra-defensive, long-term Buy-and-Hold stocks, returned +3.20% in the first quarter of 2025 vs. the S&P 500 index's -4.30% decline (SPY ETF). For the year 2024, the portfolio returned +16.26% vs. +24.89% for the S&P 500 index (SPY ETF). In 2023, the portfolio returned +12.17% vs. +26.28% for the S&P 500 index. The portfolio returned -4.7% in 2022 vs. the S&P 500 index's -17.96%. With little to no turnover and annual rebalance periodicity, ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500. The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo. Zacks ECDP Stocks Tractor Supply and Fastenal Outperform Peers Tractor Supply Company TSCO, which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 13.4% over the past 12 weeks. Another ECDP stock, Fastenal Company FAST, has climbed 10.7% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid heightened market volatility contributed to this performance. Check Tractor Supply's dividend history here>>> Check Fastenal's dividend history here>>> With an extremely low beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk. The Zacks Earnings Certain Dividend Portfolio (ECDP) returned -3.17% in 2025 Q2 vs. the S&P 500 index's +10.94% gain and the Dividend Aristocrats ETF's (NOBL) -0.09% return. Year-to-date (through June 30th), the portfolio returned +2.38% vs. +2.18% gain for the Dividend Aristocrat ETF. For the full-year 2024, the portfolio returned +6.95% vs. +24.89% for the S&P 500 index and +6.72% for NOBL. The portfolio returned -0.9% in 2023 vs. +26.28% for the S&P 500 index and +8.11% for NOBL. The portfolio returned -2.3% in 2022 vs. -17.96% for the S&P 500 index and -8.34% for NOBL. Click here to access this portfolio on Zacks Advisor Tools. Zacks Top 10 Stock Stride Delivers Solid Returns Stride, Inc. LRN, from the Zacks Top 10 Stocks for 2025, has jumped 24.4% year to date compared with the S&P 500 Index's 6.1% increase. The Top 10 portfolio returned +11.8% this year (through the end of June 2025) vs. +6.2% for the S&P 500 index and +4.8% for the equal-weight version of the index. The Top 10 portfolio returned +62.98% in 2024, vs. +25.04% for the S&P 500 index and +13% for the equal-weight version of the index. The portfolio had returned +25.15% in 2023 vs. +26.28% for the S&P 500 index. Since 2012, the Top 10 portfolio has produced a cumulative return of +2,246.8% through the end of June 2025 vs. +502.3% for the S&P 500 index and +373.4% for the equal-weight version of the index. The portfolio has produced an average return of +26.3% in the period 2012 through June 30, 2025, vs. +14.3% for the S&P 500 index and +12.2% for the equal-weight version of the index. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fastenal Company (FAST) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report Tractor Supply Company (TSCO) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report Credo Technology Group Holding Ltd. (CRDO) : Free Stock Analysis Report CochLear Ltd. Unsponsored ADR (CHEOY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
40 minutes ago
- Yahoo
Stock Market News for Aug 4, 2025
U.S. stocks tumbled on Friday, with the S&P 500 recording its biggest daily percentage decline in over two months, as hefty tariffs slapped on dozens of countries by President Donald Trump and an unexpectedly weak jobs report raised concerns over a weakening economy. All three major indexes ended in negative territory. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) slid 1,2% or 542.40 points, to finish at 43,588.58 points. The S&P 500 declined 1.6%, or 101.38 points, to end at 6,238.01 points, posting its worst day since May 21. Consumer discretionary, tech and financial stocks were the worst performers. The Consumer Discretionary Select Sector SPDR (XLY) declined 2.4%. The Financials Select Sector SPDR (XLF) and the Technology Select Sector SPDR (XLK) slid 2.2 and 1.9%, respectively. Eight of the 11 sectors of the benchmark index ended in negative territory. The tech-heavy Nasdaq fell 2.2%, or 472.32 points, to close at 20,650.13 points, recording its biggest single-day decline since April 21. The fear gauge CBOE Volatility Index (VIX) was up 21.89% to 20.38. Decliners outnumbered advancers on the NYSE by a 2.17-to-1 ratio. On the Nasdaq, a 2.69-to-1 ratio favored declining issues. A total of 19.51 billion shares were traded on Friday, higher than the last 20-session average of 18.44 billion. Trump's New Tariffs, Weak Jobs Data Dent Investors' Confidence Trump signed an executive order hours before the Aug. 1 tariff deadline and slapped hefty duties on several trading partners of the United States, including Brazil, Canada, India and Taiwan, as these countries scrambled to work out fairer trade deals. Investors grew concerned once again as they believe that hefty tariffs could weigh on an already weakening economy and push inflation further up. Investors' confidence took a further hit after fresh data showed that jobs growth unexpectedly slowed in July, while June's numbers were downwardly revised, suggesting that the labor market is likely shrinking. Bank stocks took a hit on concerns that a slowing economy could impact loan growth. Shares of JPMorgan Chase & Co. (JPM) fell 2.3%, while Bank of America Corporation (BAC) and Wells Fargo & Company (WFC) declined 3.4% and 3.5%, respectively. This, however, raised hopes that the Federal Reserve will cut interest rates in its September policy meeting. The weak jobs data raised market expectations of a 25-basis-point rate cut in September to 86.5%, according to the CME's FedWatch Tool, up from 37.7% in Thursday's session. Amazon Weighs on Broader Market E-commerce giant Inc. (AMZN) was the biggest drag on all three major indexes. Amazon topped both earnings and revenue estimates. The company reported second-quarter earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.33 per share. The e-commerce giant posted revenues of $167.7 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.32% However, the company's shares declined 8.3% after it failed to meet the expectations for its Amazon Web Services. Amazon Web Services revenues grew 18% in the second quarter, but its growth rate lagged Microsoft Corporation's (MSFT) Azure's 39% and Alphabet, Inc.'s (GOOGL) Google Cloud's 32% growth rate. Amazon has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Economic Data The Labor Department reported on Friday that nonfarm payrolls increased by just 73,000 in July, sharply lower than analysts' expectations of a rise of 100,000. June's jobs growth was downwardly revised to just 14,000, from 147,000, while May's numbers totaled just 19,000 after being cut down from the initially reported 125,000. The unemployment rate jumped to 4.2% in July as household employment declined. Weekly Roundup All three indexes ended lower for the week. The Dow lost 2.9% for the week. The S&P 500 was down 2.4% for the week, while the Nasdaq lost 2.2%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
