Shares of steel wire manufacturer Insteel (NYSE:IIIN) jumped 11.9% in the morning session after the company reported impressive first-quarter 2025 (fiscal Q2) results, which significantly blew past analysts' sales, EPS and EBITDA estimates.
Shares of professional tools and equipment manufacturer Snap-on (NYSE:SNA)
fell 8.6% in the morning session after the company reported weak first-quarter 2025 results: Its revenue missed significantly, and its EPS fell short of Wall Street's estimates. The big story was a 3.5% drop in sales, with most of that coming from weaker demand in the U.S. Tools Group. Overall, this quarter could have been better.
Despite a broad tech correction, Netflix stands out as a rare green beacon, with gains over the past month, year-to-date, and year. Bullish momentum and technical indicators suggest further potential. In contrast, other tech giants like Apple, Microsoft, and Amazon have all seen losses in 2021. Netflix's performance in the market sends a strong message, with the S&P 500 down 10% year-to-date. It seems Netflix has shifted the focus from streaming wars to being a stock market standout.
TSM beats forecasts with strong demand for advanced processor node technologies for AI applications. Guides Q2 revenue and reports income growth.TSM's Q1 results beat forecasts due to high demand for advanced processor node technologies for AI applications. Q2 revenue and income growth guided.
Google, a part of Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), is confronted with a £5 billion ($6.6 billion) class action lawsuit in the U.K. The company is accused of exploiting its dominant market position in the online search industry.
The GPIF — the world’s largest pension whale — just dropped a geopolitical bombshell, quietly removing China A-shares from its foreign equity benchmark.
Apple keeps delaying most of the compelling features of its “Apple Intelligence” platform. And instead of leading the industry, the company is playing catch-up on generative AI features that its rivals have already rolled out.
Shares of safety certification company UL Solutions (NYSE:ULS) fell 5.3% in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
