A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada.
A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada.
Shares of breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG)
fell 5% in the pre-market session after continued negative momentum as a filing showed that investment firm Brown Advisory Inc. sold its position in the company.
Shares of clinical research company Fortrea Holdings (NASDAQ:FTRE)
fell 4.5% in the afternoon session after Mizuho lowered its price target on the shares ahead of the company's second-quarter earnings report. The investment bank reduced its price target, which is an analyst's projection of a stock's future price, to $7 from a previous $8, while keeping a "Neutral" rating on the stock. This adjustment signals a slightly more cautious outlook from the analyst on the company's valuation. The move comes as the contract research organization continues to navigate challenges. Mizuho noted that while the outlook for the hospital sector appears clear, managed care companies are still struggling with cost trends.
Shares of aerospace and defense company Kratos (NASDAQ:KTOS)
jumped 10.8% in the afternoon session after an analyst at Benchmark raised their price target on the company's stock. The investment firm Benchmark boosted its price target on Kratos to $50.00 from $48.00, while maintaining a "buy" rating on the shares. This move signals growing confidence from Wall Street in the defense contractor's future performance. Kratos specializes in advanced technologies, including unmanned systems, satellite communications, and cybersecurity. The company has recently been in the spotlight for its work in hypersonic weapons testing and its role in supporting U.S. Space Force programs. The positive analyst action suggests that Kratos' strategic initiatives and recent contract wins are being recognized as key drivers for future growth.
Shares of gaming and hospitality company Boyd Gaming (NYSE:BYD)
fell 6.7% in the afternoon session after an analyst at Susquehanna downgraded the stock.
Shares of business analytics software company MicroStrategy (NASDAQ:MSTR) jumped 3% in the morning session after the price of Bitcoin surged to a new record high, surpassing $118,000. As the world's largest corporate holder of Bitcoin, MicroStrategy's stock price is highly sensitive to the cryptocurrency's market movements. This significant unrealized gain on its digital asset holdings is providing a strong tailwind for the stock.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Coca-Cola (NYSE:KO) and the rest of the beverages, alcohol, and tobacco stocks fared in Q1.
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Shares of radiation safety company Mirion (NYSE:MIR) jumped 3.6% in the afternoon session after an analyst at Robert W. Baird raised their price target on the shares. The firm increased its price objective on the nuclear measurement and analysis company to $22.00 from $20.00, while maintaining an "outperform" rating on the stock. This new target suggests a potential upside of nearly 7% from the stock's previous closing price. The "outperform" rating indicates that the analyst expects Mirion's stock to perform better than the average return of the broader market. This vote of confidence from Wall Street follows a period of positive momentum for the company, which operates in the nuclear energy, medical, and science sectors. The move signals growing optimism about Mirion's future performance and its position within the expanding nuclear energy industry.
Shares of healthcare professional network Doximity (NYSE:DOCS)
jumped 3% in the morning session after Evercore ISI analyst upgraded the stock, citing the company's growth potential.
Shares of regional banking company Cadence Bank (NYSE:CADE) jumped 3.6% in the afternoon session after Piper Sandler analysts upgraded the stock to "Overweight" from "Neutral."
Shares of computer processor maker Intel (NASDAQ:INTC)
jumped 7.4% in the afternoon session after investor optimism picked up regarding its aggressive corporate restructuring plans and a price target hike from a Wall Street bank.
Shares of insurance and annuity provider Brighthouse Financial (NASDAQ:BHF) jumped 3.8% in the afternoon session after investors reacted to an analyst rating from Barclays, which reiterated its "overweight" rating on the stock. While Barclays lowered its price target on the life insurance and annuity provider to $70 from $76, the firm maintained its positive "overweight" rating.
