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Western Digital (WDC) Rises As Market Takes a Dip: Key Facts
ZACKS· 2025-06-05 22:55
The latest trading session saw Western Digital (WDC) ending at $55.05, denoting a +1.14% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.53%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%.Shares of the maker of hard drives for businesses and personal computers have appreciated by 22.87% over the course of the past month, outperforming the Computer and Technology sector's gain of 8.67% and the S&P 500's gain ...
Boeing (BA) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-06-05 22:51
Boeing (BA) closed the latest trading day at $209.19, indicating a -1.32% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.83%.Shares of the airplane builder witnessed a gain of 14.24% over the previous month, beating the performance of the Aerospace sector with its gain of 10.02% and the S&P 500's gain of 5.17%.The upcoming earnings release of Boeing will b ...
AT&T (T) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2025-06-05 22:51
The most recent trading session ended with AT&T (T) standing at $27.68, reflecting a +1.15% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.53%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%.The telecommunications company's shares have seen a decrease of 2.63% over the last month, not keeping up with the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17%.The investment c ...
Why the Market Dipped But Carnival (CCL) Gained Today
ZACKS· 2025-06-05 22:51
Carnival (CCL) closed the most recent trading day at $24.02, moving +0.8% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.53%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.83%.Shares of the cruise operator have appreciated by 21.03% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 6.96% and the S&P 500's gain of 5.17%.Analysts and investors alike will be keeping a close eye on the performance of Carniva ...
General Motors (GM) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-06-05 22:51
The latest trading session saw General Motors (GM) ending at $47.25, denoting a -0.88% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.53%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.83%.The an automotive manufacturer's shares have seen an increase of 4.84% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 9.42% and the S&P 500's gain of 5.17%.Market participants will be closely following the financial result ...
Lam Research (LRCX) Advances While Market Declines: Some Information for Investors
ZACKS· 2025-06-05 22:51
The most recent trading session ended with Lam Research (LRCX) standing at $84.87, reflecting a +0.12% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.83%.Prior to today's trading, shares of the semiconductor equipment maker had gained 12.94% over the past month. This has outpaced the Computer and Technology sector's gain of 8.67% and the S&P 5 ...
Here's Why Qualcomm (QCOM) Fell More Than Broader Market
ZACKS· 2025-06-05 22:51
The latest trading session saw Qualcomm (QCOM) ending at $147.56, denoting a -1% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.53%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.83%.Shares of the chipmaker witnessed a gain of 3.29% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.67% and the S&P 500's gain of 5.17%.The investment community will be paying ...
Lululemon shares plummet as tariff costs, rivals threaten profit outlook
New York Post· 2025-06-05 22:50
Lululemon cut its profit forecast for the year, hurt by higher costs to mitigate US tariffs and as tepid demand for its latest products failed to draw away buyers from upstart athleisure rivals such as Vuori.Lululemon Athletica’s shares slumped 22% in trading after the bell on Thursday.“We experienced lower store traffic in the Americas, partially reflective of economic uncertainty, inflationary pressures, lower consumer confidence, and changes in discretionary spending,” Lululemon said in a statement. 3 ...
Quanex Building Products (NX) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-06-05 22:46
Core Viewpoint - Quanex Building Products (NX) reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, but down from $0.66 per share a year ago, indicating a 25% earnings surprise [1]. Financial Performance - The company achieved revenues of $452.48 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 2.77%, and showing a significant increase from $266.2 million year-over-year [2]. - Over the last four quarters, Quanex has consistently surpassed consensus EPS estimates and revenue estimates [2]. Stock Performance and Outlook - Quanex shares have declined approximately 29.3% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3]. - The company's future stock performance will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4]. Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.85 on revenues of $490.8 million, and for the current fiscal year, it is $2.55 on revenues of $1.84 billion [7]. - The estimate revisions trend for Quanex is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]. Industry Context - The Building Products - Miscellaneous industry, to which Quanex belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].
Sun Life U.S. congratulates Congressmen DeSaulnier and Scott on introduction of historic legislation to enhance coverage of mental health conditions in long-term disability insurance
Prnewswire· 2025-06-05 22:45
WELLESLEY, Mass., June 5, 2025 /PRNewswire/ -- Dan Fishbein, M.D., president, Sun Life U.S., released the following statement in support of the Workers' Disability Benefits Parity Act, introduced today by Congressmen Mark DeSaulnier (CA-10) and Robert Scott (VA-03). This legislation would enhance long-term disability insurance benefits by requiring that mental health conditions be covered similarly to most physical conditions. Sun Life first called on Congress in 2023 to make these improvements to disabilit ...