Shares of footwear and apparel retailer Foot Locker (NYSE:FL)
jumped 85.2% in the morning session after the company agreed to be acquired by DICK'S for an equity value of approximately $2.4 billion (enterprise value of $2.5 billion). The offer of $24 per share in cash or 0.1168 shares of DICK'S stock represented a substantial 66% premium over Foot Locker's average trading price for the previous 60 days.
Shares of fast-food chain Jack in the Box (NASDAQ:JACK)
fell 9.4% in the morning session after the company reported weak first-quarter 2025 results as revenue and same-store sales fell slightly short of Wall Street's estimates. Sales fell nearly 5% across both the Jack in the Box and Del Taco brands, mainly because fewer people visited their restaurants.
Shares of IT services provider DXC Technology (NYSE:DXC) fell 7.4% in the morning session after the company reported weak first quarter 2025 results as its full-year revenue and EPS guidance fell short of Wall Street's estimates. Sales dipped over 6%, and even after adjusting for acquisitions and currency swings, organic revenue was still down more than 4%.
On the other hand, DXC beat analysts' revenue, EPS, and EBITDA expectations. Overall, this quarter could have been better.
Shares of networking technology giant Cisco (NASDAQ:CSCO) jumped 6.7% in the morning session after the company reported impressive first quarter 2025 (fiscal Q3) results which beat analysts' sales and earnings estimates. In addition, Cisco increased its EPS guidance for the next quarter. The main story here was the steady growth, with revenue up 11% thanks to strong demand for AI and security products. On the other hand, its EBITDA missed, but this print still had some key positives.
Shares of health insurance company UnitedHealth (NYSE:UNH)
fell 16% in the morning session after the Wall Street Journal reported that the Justice Department was investigating the company for possible Medicare fraud. Such investigations typically trigger investor concern due to the potential for significant financial penalties, legal costs, and reputational damage.
Shares of agricultural and construction machinery company Deere (NYSE:DE) jumped 5% in the morning session after the company turned in an impressive second quarter, with both sales and earnings beating expectations, even though sales overall were down quite a bit from the previous year.
Shares of solar tracker company Nextracker (NASDAQ:NXT)
jumped 12.9% in the morning session after the company reported impressive first quarter 2025 (fiscal fourth quarter) results which blew past analysts' revenue, EPS, and EBITDA expectations. In addition, its full-year revenue guidance outperformed Wall Street's estimates. Sales grew 26% year-over-year, driven by booming demand for its Hail Pro and XTR solar trackers.
Shares of clothing and footwear retailer Boot Barn (NYSE:BOOT)
jumped 19.3% in the morning session after the company reported strong fourth-quarter results as its profit margins and EBITDA beat expectations, but its sales and earnings per share came in a bit short. The company's top-line growth, driven by store openings and nearly 10% growth in online sales, helped explain the strength in EBITDA.
Looking ahead, the company's guidance suggested sales will keep growing at a steady pace, but mostly from adding stores. However, earnings forecast looked pretty modest, and were below consensus estimates.
Still, management noted demand was holding up well, and they felt good about handling trade pressures. So overall, it was a strong quarter, even if the outlook felt a bit cautious.
Shares of sporting goods retailer Dick’s Sporting Goods (NYSE:DKS)
fell 14.2% in the morning session after the company announced the acquisition of footwear retailer Foot Locker for $2.4 billion. DKS would pay with some of its cash and take on new debt.
Tower Semi (TSEM) reported mixed Q1 results with strong growth in RF Infrastructure, leading to a Buy rating and $60 price target from analyst Cody Acree.
Bitcoin (CRYPTO: BTC) continues to hover near key resistance levels, and while the path to $108,000 appears increasingly clear, traders are bracing for a short-term slowdown before the next big move.
Join us in exploring the top gainers and losers within the S&P500 index in the middle of the day on Thursday as we examine the latest happenings in today's session.
