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By Staff Reporters
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🟢 What’s up
- Hertz Global soared 56.44% on the news that Bill Ackman’s Pershing Square Capital has taken a $46.5 million stake in the rental car company.
- Travelers Cos. rose 1.13% in spite of massive losses from California wildfires, which didn’t hurt the insurer’s bottom line as badly as Wall Street feared.
- Abbott Laboratories gained 2.77% after the pharma company missed sales estimates but still beat earnings forecasts.
- Gold miners continue to climb as gold keeps hitting new highs. Newmont rose 2.51%, while Gold Fields gained 3.35%.
What’s down
- Tesla sank 4.94% after the company’s share of EV sales in California fell below 50% in the first quarter, while export controls threaten plans to produce Cybercabs in the US.
- United Airlines fell 0.01% despite reporting its “best first-quarter financial results in five years,” according to management. The airline took the unique measure of providing two different financial outlooks for the year ahead: one for a stable economy, and one for a recession.
- Lyft shed just 0.46% on the news that the ride-hailing company is acquiring European taxi app Free Now for $199 million.
- Interactive Brokers Group reported a 47% increase in trading volume last quarter that helped it beat revenue expectations, but the brokerage still tumbled 8.95% after missing profit forecasts.
- Palantir gave up some of its recent gains following its big NATO announcement, sinking 5.78% today as investors collected profits.
- JB Hunt Transport Services’ management team warned that the logistics company sits squarely in the crosshairs of the trade war, pushing shares down 7.68%.
- Omnicom Group tumbled 7.28% after the advertising firm missed revenue estimates thanks to economic uncertainty.
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Filed under: "Ask-an-Advisor", CMP Program, Financial Planning, Funding Basics, Investing, Portfolio Management | Tagged: finance, financials, Investing, investments, Portfolio Management, stocks down, stocks up |
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