Largest S&P 500 Movers on Tuesday
13 minutes in the past
Advancers
- IQVIA Holdings (IQV) shares soared 18%, securing the S&P 500’s high efficiency on Tuesday. The information analytics and scientific analysis options supplier topped second-quarter gross sales and revenue estimates and issued a better-than-expected full-year forecast. IQVIA’s strategic collaborations and energy in synthetic intelligence, together with the event of greater than 50 AI brokers set for launch within the third quarter, have helped enhance the corporate’s place within the life sciences sector.
- D.R. Horton (DHI) and PulteGroup (PHM) reported quarterly gross sales and income that got here in forward of expectations, and shares of the homebuilders surged 17% and about 12%, respectively. Regardless of the outcomes, each firms acknowledged the affect of sentimental sentiment amongst potential homebuyers, with elevated mortgage charges and tariffs pressuring affordability. D.R. Horton’s government chairman predicted that gross sales incentives will keep elevated and improve heading into the 12 months. Shares of Lennar (LEN) rose greater than 8%.
- Northrop Grumman (NOC) shares jumped 9.4% after the aerospace and protection agency posted higher-than-expected gross sales and income for the second quarter. Demand for navy plane and protection techniques pushed by heightened geopolitical tensions contributed to the efficiency, and Northrop could possibly be positioned to profit from an elevated deal with high-tech missiles and drones in President Donald Trump’s navy funds for subsequent 12 months.
A Northrop Grumman B-2 Stealth Bomber.
Allen J. Schaben / Los Angeles Instances / Getty Photographs
Decliners
- The report from Northrop rival Lockheed Martin (LMT) was not as well-received. Lockheed shares tumbled 11%, falling the furthest of any inventory within the benchmark index, after the corporate disclosed $1.6 billion in losses associated primarily to a categorized aeronautics program and a world helicopter program. Quarterly income fell wanting consensus estimates, and Lockheed lowered its full-year revenue steerage.
- Tobacco large Philip Morris (PM) missed quarterly income expectations, reflecting an ongoing decline in demand for cigarettes. Though the corporate raised its outlook for full-year adjusted income, it lowered its forecasts for cigarette and smoke-free cargo volumes. Phillip Morris shares sank 8.4% on Tuesday.
- Though MSCI (MSCI) exceeded quarterly gross sales and revenue forecasts, boosted by progress in recurring subscription income and asset-based charges, shares of the monetary information supplier and market index creator slipped about 9%.
–Michael Bromberg
IQVIA Soars on Sturdy Earnings
50 minutes in the past
IQVIA Holdings (IQV) inventory surged on Tuesday after the scientific analysis and analytics firm’s second-quarter outcomes topped estimates.
Shares jumped 18% to steer gainers on the S&P 500 after North Carolina-based IQVIA mentioned it earned an adjusted $2.81 per share within the newest interval, whereas income rose 5% from the identical time a 12 months in the past to $4.02 billion, every above the consensus of analysts’ estimates compiled by Seen Alpha.
Nevertheless, IQVIA narrowed its full-year forecasts, projecting income of $16.1 billion to $16.3 billion, in contrast with the earlier vary of $16 billion to $16.4 billion, whereas adjusted EPS is now anticipated to return in between $11.75 and $12.05, down from $11.70 to $12.10 beforehand.
Regardless of the large achieve on Tuesday, IQVIA shares are nonetheless down 5% to this point in 2025.
–Aaron McDade
Philip Morris Inventory Slides as Gross sales Miss Expectations
1 hr 12 min in the past
Philip Morris Worldwide (PM) shares tumbled Tuesday after the tobacco large missed quarterly gross sales estimates as demand for cigarettes continued to say no.
The maker of Marlboro cigarettes and IQOS heated tobacco gadgets reported second-quarter income rose 7.1% year-over-year to $10.14 billion, whereas analysts surveyed by Seen Alpha have been on the lookout for $10.27 billion. Adjusted earnings per share of $1.91 beat forecasts.
Cigarette cargo quantity fell 1.5% year-over-year to 155.2 billion, with whole combustibles gross sales up simply 2.1% to $6 billion. In the meantime, smoke-free product quantity jumped 11.8% to 44.8 billion, and gross sales surged 15.2% to $4.2 billion.
The corporate boosted its outlook for full-year adjusted EPS to $7.43 to $7.56 from the earlier $7.36 to $7.49. Nevertheless, it mentioned it anticipates whole cigarette and smoke-free cargo quantity to be up roughly 1%, down from its earlier steerage of a 2% achieve, as cigarette volumes are anticipated to slip about 2%.
Philip Morris inventory fell greater than 8% on Tuesday, making it one of many largest decliners within the S&P 500. Even with Tuesday’s steep decline, the inventory has gained 37% for the reason that begin of 2025.
–Invoice McColl
A New Acronym for Buzzy AI and Crypto Shares?
1 hr 29 min in the past
There’s a brand new acronym on Wall Road, courtesy of CNBC’s Jim Cramer.
“PARC” stands for Palantir (PLTR), Applovin (APP), Robinhood (HOOD), and Coinbase (COIN), 4 shares which have been on a tear just lately. “A brand new acronym for the meme shares that simply gained’t stop,” Cramer wrote in an X submit revealing the acronym final week.
The 4 shares have ridden a wave of enthusiasm for Wall Road’s favourite themes to rank among the many best-performing large-cap shares of the final 12 months. AI hype has lifted shares of Palantir and Applovin greater than 400% and 300%, respectively, prior to now 12 months. The Trump administration’s embrace of cryptocurrencies and looser laws have boosted Robinhood and Coinbase by about 350% and 50%, respectively.
The group’s momentum has made them favorites amongst retail buyers. Palantir and Robinhood have been the third- and fourth-most well-liked shares with particular person buyers within the first half of the 12 months, in response to information from Vanda Analysis. All 4 have been among the many 30 shares with essentially the most name possibility buying and selling within the first half, an indication of their recognition with a extra subtle, risk-taking cohort of retail buyers.
The PARC shares’ outperformance over the past 12 months has additionally made them among the priciest points on Wall Road. Palantir’s price-to-earnings (P/E) ratio on Monday stood at about 660, practically twice the following highest within the S&P 500. The remainder of the group’s P/E ratios vary between 60 and 80.
PARC’s hefty price ticket and speculative sheen might clarify why X customers have been so fast to poke enjoyable at Cramer. Some joked the shares could possibly be aptly described by reversing the order of the acronym. Others took umbrage with Cramer’s saying the extremely worthwhile tech firms are meme shares akin to ailing and indebted companies like GameStop (GME) and AMC (AMC).
Jim Cramer talking in the course of the ‘Squawk on the Road’ present on CNBC this 12 months.
Michael M. Santiago/ Getty Photographs
Some customers speculated that Cramer’s ordaining the PARC shares “this market’s redhot 4” would spell bother for the group. “A humorous (however usually true) contrarian sign has been Jim Cramer’s picks… is it the kiss of loss of life for these shares or can these shares hitting ATHs overcome the JC love?” wrote one person.
Up to now, that hasn’t been the case; all 4 shares are up since Cramer’s advice. It additionally wasn’t the case for one more acronym popularized by Cramer over a decade in the past: FANG, which stands for Fb—now Meta (META), plus Amazon (AMZN), Netflix (NFLX), and Google mother or father Alphabet (GOOG).
These shares have hardly been damage by Cramer’s advice. Netflix shares have risen greater than 9,000% since Cramer’s advice, whereas Meta and Amazon are up greater than 2,400% and 1,600%, respectively. Alphabet, already one of many world’s largest firms in 2013, has returned greater than 500%.
–Colin Laidley
The ‘Stakes Are Excessive’ for Huge Tech Earnings
2 hr 24 min in the past
Tesla and Alphabet are attributable to report quarterly outcomes after the closing bell on Wednesday, kicking off the earnings reporting season for the Magnificent Seven group of main know-how firms.
The large image for S&P 500 firm earnings is essentially a query of the group of tech stalwarts’ well being, and analysts count on that the numbers can be robust.
Main tech firms, whose shares have largely underperformed the broader inventory market this 12 months, are below explicit stress to submit outcomes that exceed analysts’ expectations.
Solely three of the Magnificent 7 shares have outperformed the benchmark S&P 500 index for the reason that begin of 2025.
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Learn the complete article right here.
–David Marino-Nachison
DR Horton, PulteGroup Outcomes Carry Homebuilder Shares
2 hr 50 min in the past
Shares of D.R. Horton (DHI) and PulteGroup (PHM) rose on Tuesday after every homebuilder’s newest quarterly outcomes got here in higher than anticipated, which gave a lift to different homebuilder shares.
D.R. Horton’s fiscal third-quarter income got here in at $9.23 billion whereas it earned $3.36 per share, every nicely above the analyst consensus compiled by Seen Alpha. PulteGroup’s personal second-quarter outcomes additionally beat estimates by a narrower margin at $4.4 billion and earnings per share of $3.03.
“New residence demand continues to be impacted by ongoing affordability constraints and cautious client sentiment,” D.R. Horton Government Chairman David Auld mentioned. “We count on our gross sales incentives to stay elevated and improve additional in the course of the fourth quarter, the extent to which is able to rely on the energy of demand in the course of the the rest of summer season, modifications in mortgage rates of interest and different market circumstances.”
D.R. Horton trimmed its full-year income forecast to $33.7 billion to $34.2 billion from $33.3 billion to $34.8 billion beforehand, because it now expects to shut on 85,000 to 85,500 properties this 12 months, with the highest finish lowered from 87,000 beforehand.
PulteGroup CEO Ryan Marshall mentioned the corporate “noticed customers coping with a spread of points from excessive rates of interest and challenged affordability to macro considerations in regards to the energy of the financial system” in the course of the spring promoting season.
PulteGroup shares have been up 11% in latest buying and selling, whereas D.R. Horton shares rose 16%. Tuesday’s strikes put every inventory into the inexperienced for the 12 months, whereas rival homebuilders Lennar (LEN) and KB Dwelling (KBH) every surged greater than 8%.
Homebuilder shares had a tough first half of the 12 months because the housing market stayed stagnant within the first quarter and the Trump administration’s tariffs seemed like they’d elevate development prices throughout the trade.
‘-Aaron McDade
Lockheed Martin Slides as Protection Contractor Cuts Outlook
4 hr 18 min in the past
Lockheed Martin (LMT) inventory tumbled Tuesday as the protection contractor reported $1.6 billion in losses throughout a spread of packages and slashed its full-year revenue forecast.
Shares of Lockheed have been down greater than 8% in latest buying and selling. The inventory has misplaced about 13% of its worth for the reason that begin of the 12 months.
A categorized program in Lockheed’s aeronautics program that confronted “design, integration, and take a look at challenges” led to acknowledge $950 million in pre-tax losses, the corporate mentioned. The corporate reported one other $570 million losses on a world helicopter program. The losses, CEO Jim Chaiclet mentioned, “are a mandatory step as we proceed to take motion to enhance program execution.”
The corporate now expects full-year earnings per share of $21.70 to $22, down from a previous estimate of $27 to $27.30. Lockheed maintained its gross sales outlook of $73.75 billion to $74.75 billion, which is in step with the Seen Alpha analyst consensus.
Within the second quarter, Lockheed reported income of $18.16 billion, up lower than 1% year-over-year and wanting the analyst consensus. The corporate’s internet earnings fell to $342 million, or $1.46 per share, from $1.6 billion, or $6.85 per share, largely because of the program losses.
–Andrew Kessel
Opendoor Inventory Value Ranges to Watch After Monday’s Surge
5 hr 5 min in the past
Opendoor Applied sciences (OPEN) shares bounced round Tuesday after the inventory surged greater than 40% yesterday as retail merchants bid up Wall Road’s latest meme inventory sensation.
Shares within the on-line residential actual property platform soared as a lot as 120% Monday earlier than giving again a few of these features as merchants booked income into the shut. The inventory practically tripled in worth final week after EMJ Capital founder Eric Jackson made favorable feedback and members of a Reddit buying and selling neighborhood behind the GameStop (GME) meme inventory frenzy in 2021 started sharing screenshots of their Opendoor trades.
The inventory was down 1% at $3.18 in latest buying and selling, after leaping greater than 20% early Tuesday. The latest rally is sweet information for a corporation that confronted a possible Nasdaq delisting in Could as a result of its inventory traded beneath $1 for 30 consecutive enterprise days.
Supply: TradingView.com.
After bottoming out final month, Opendoor shares have surged as retail merchants try and capitalize on the inventory’s momentum. The value gapped larger on Monday earlier than operating into overhead resistance across the intently watched 200-week transferring common.
The latest shopping for has occurred on report quantity, signaling robust buying and selling exercise within the inventory. Whereas the relative energy index confirms accelerating value momentum, it additionally flashes overbought circumstances, rising the probabilities of near-term value swings.
Traders ought to watch overhead areas on Opendoor’s chart round $5 and $11, whereas additionally monitoring key assist ranges close to $1.80 and 92 cents.
Learn the complete technical evaluation piece right here.
–Timothy Smith
GM Shares Slide as Automaker Warns of Tariff Hit
5 hr 23 min in the past
Normal Motors (GM) on Tuesday posted second-quarter outcomes that topped analysts’ estimates, however warned it may face a much bigger headwind from tariffs within the second half of the 12 months.
The mother or father firm of Chevy and Cadillac reported adjusted earnings per share of $2.53 on income that fell 1.8% from the identical time a 12 months in the past to $47.12 billion. Each measures got here in above analysts’ estimates compiled by Seen Alpha.
Wanting forward, the automaker held its full-year outlook regular after reducing revenue forecasts in April. Final quarter, GM lower its adjusted EPS forecast to a spread of $8.25 to $10, down from $11 to $12 beforehand.
Nevertheless, the corporate warned Tuesday that tariffs could possibly be a bigger headwind within the third quarter than the second, and have an effect on fourth-quarter outcomes as nicely.
GM CEO Mary Barra mentioned within the automaker’s quarterly shareholder letter that executives are working to place the enterprise to “adapt to new commerce and tax insurance policies, and a quickly evolving tech panorama.”
GM’s CEO Mary Barra arrives on the Allen & Firm Solar Valley Convention earlier this month.
Getty Photographs
GM mentioned it’s “making stable progress to mitigate no less than 30%” of the projected $4 billion to $5 billion tariff headwind “by way of manufacturing changes, focused value initiatives, and constant pricing.”
Shares of GM have been down 7% just lately, buying and selling close to their lows for the day. They entered Tuesday roughly flat on the 12 months.
–Aaron McDade
How A lot Merchants Count on Tesla to Transfer After Earnings
5 hr 50 min in the past
Tesla (TSLA) is scheduled to report its second-quarter outcomes after the market closes on Wednesday, with buyers anticipating the electrical car maker’s inventory to make a large transfer after the report.
Based mostly on choices pricing, Tesla inventory is seen transferring near 7% or virtually $22 in both route from Monday’s shut close to $329 by the top of this week.
Tesla shares rose 5.4% the day after the electrical car maker’s first-quarter report, when CEO Elon Musk advised buyers he was weeks away from leaving his work with the Trump administration. They gained practically 3% following Tesla’s January fourth-quarter report, after surging practically 22% and falling 12.3%, respectively, after every of the two earlier quarters’ earnings.
Elon Musk and President Trump at a White Home occasion in Could to commemorate the Tesla CEO’s time as head of the Division of Authorities Effectivity.
Tom Brenner / The Washington Put up / Getty Photographs
Tesla shares, which have been up barely on Tuesday, have misplaced practically 20% of their worth for the reason that begin of this 12 months. They’ve recovered from the lows they skilled in March and April when Tesla was the topic of protests whereas Musk was working within the federal authorities, however have nonetheless been pressured in latest weeks as Musk has continued to insert himself into politics on social media.
The EV large is predicted to report a decline of greater than 10% in income from the identical time a 12 months in the past, to $22.78 billion, whereas adjusted earnings per share are projected to drop practically 20% to 42 cents, in response to estimates compiled by Seen Alpha. Analysts have mentioned just lately the inventory may reply extra to Musk’s feedback about Tesla’s just lately launched robotaxi program and different tasks than the corporate’s quarterly monetary outcomes, because the shares rose earlier this month regardless of deliveries lacking estimates.
Among the many analysts tracked by Seen Alpha who observe the corporate, eight name Tesla inventory a “purchase,” in contrast with 5 “maintain,” and 4 “promote” rankings. Their common value goal at $301 is about 8% beneath Monday’s closing degree.
–Aaron McDade
Is Kohl’s the Newest Meme Inventory?
6 hr 50 min in the past
Is a beaten-down retailer the most recent meme inventory?
That is one attainable rationalization for immediately’s bounce in shares of Kohl’s (KSS), which have been just lately up some 30% after rising greater than 100% within the opening minutes of the session, resulting in a brief halt in buying and selling. The rise had earlier worn out a year-to-date slide that had erased roughly 1 / 4 of the corporate’s market worth, although the transfer had cooled a bit from morning highs.
Kohl’s shares are again to close unchanged for the 12 months.
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The transfer did not observe any recent company information, and its subsequent quarterly earnings launch is not imminent. It is attainable merchants have as a substitute seized on the inventory—which is closely shorted, presumably making it a candidate for a squeeze—as a car for dramatic motion, with the shares just lately a subject of dialog on Reddit’s go-go wallstreetbets discussion board.
Kohl’s first-quarter outcomes, printed in late Could, have been higher than anticipated, although they adopted on information that the corporate had fired its CEO not lengthy into the announcement of an formidable turnaround plan.
Wall Road is broadly bearish, with Seen Alpha’s imply value goal at $8, beneath Monday’s $10.42 per share shut. UBS analysts on Monday reiterated a $4 goal.
–David Marino-Nachison
QQQ Ranges to Watch Forward of Huge Tech Earnings
8 hr 12 min in the past
The Invesco QQQ Belief (QQQ) got here into Tuesday’s session at its highest ever degree as buyers await earnings reviews this week from main know-how firms.
EV maker Tesla (TSLA) and Google mother or father Alphabet (GOOGL) and computing large IBM (IBM) are attributable to report quarterly outcomes after the closing bell Wednesday, whereas embattled chipmaker Intel (INTC) is scheduled to launch its earnings reviews late Thursday.
The QQQ, which tracks the efficiency of the tech-heavy Nasdaq 100 Index, has acquired a lift in latest months from improved sentiment surrounding know-how shares as considerations about tariffs have eased and financial information reviews have remained robust.
By way of Monday’s shut, the ETF had rebounded 40% from its early-April low and was up 10% for the reason that begin of the 12 months. The QQQ was down 0.8% at round $560 in latest buying and selling.
Supply: TradingView.com.
After breaking out from a flag sample late final month, QQQ’s value has continued its transfer into value discovery. Importantly, the breakout coincided with the 50-day transferring common (MA) crossing above the 200-day MA to kind a golden cross, a bullish chart sign that signifies the beginning of a brand new uptrend.
Furthermore, the relative energy index has remained close to its overbought threshold since early Could, confirming the fund’s robust value momentum.
The measured transfer method forecasts a near-term value goal of $589. Traders ought to monitor essential assist ranges on QQQ’s chart round $540 and $515.
Learn the complete technical evaluation piece right here.
–Timothy Smith
Coca-Cola Earnings Prime Estimates, Gross sales Are available Brief
9 hr 28 min in the past
The Coca-Cola Firm (KO) posted higher second-quarter income than analysts had projected on Tuesday morning, whereas gross sales fell quick.
The soda maker mentioned Tuesday it earned a “comparable,” or adjusted, $0.87 per share, 4 cents higher than estimates, whereas income rose 1% to $12.5 billion within the quarter, slightly below the analyst consensus compiled by Seen Alpha.
Coca-Cola narrowed its full-year revenue forecast, saying it expects comparable EPS to develop by about 3% from $2.88 in 2024, in comparison with its earlier 2% to three% vary. Comparable income and EPS are every anticipated to be negatively impacted by foreign money alternate charges within the third quarter and second half of the 12 months, the corporate mentioned.
Shares have been down practically 1% shortly after the outcomes have been launched. They entered Tuesday up about 13% for the reason that begin of this 12 months.
Coca-Cola mentioned in Tuesday’s launch that it plans “to launch an providing made with U.S. cane sugar to broaden its Trademark Coca-Cola product vary” this fall. The corporate mentioned the brand new U.S. product is “designed to enhance the corporate’s robust core portfolio and provide extra selections throughout events and preferences.”
The announcement comes after President Donald Trump final week mentioned the corporate had agreed to sweeten its iconic soda with cane sugar as officers in his administration have pushed meals firms to desert sure components akin to synthetic dyes and excessive fructose corn syrup.
The maker of its namesake beverage, Sprite, and dozens of others topped revenue estimates whereas gross sales fell quick final quarter, as the corporate mentioned it anticipated a “manageable” affect from tariffs over the complete 12 months. Analysts mentioned forward of the report that Coca-Cola’s largest tariff headwinds would seemingly be from fruit juice and aluminum it imports to make its merchandise.
Soda rival PepsiCo (PEP) topped estimates in its personal second-quarter report final week, touting robust worldwide gross sales progress.
–Aaron McDade
Main Inventory Index Futures Little Modified
9 hr 49 min in the past
Futures tied to the Dow Jones Industrial Common down 0.1%.
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S&P 500 futures rose fractionally.
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Nasdaq 100 futures have been down lower than 0.1%.
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