Shares of global car rental company Hertz (NASDAQ:HTZ)
jumped 57.9% in the pre-market session after reports revealed that Bill Ackman's Pershing Square had an even bigger stake in the company, a day after the hedge fund acquired $46.5m of the company's stock. Notably, CNBC reported that Pershing Square's total position was about 19.8%, including shares and swaps, making it the company's second-largest shareholder.
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 water control and measure company Badger Meter (NYSE:BMI) jumped 7% in the morning session after the company reported impressive first quarter 2025 results which exceeded analysts' revenue and EPS estimates. Sales rose 13% year-on-year, fueled primarily by a 16% gain in utility water sales.
Margins also expanded meaningfully due to a more favorable product and customer mix.
While the company did not issue formal guidance, management acknowledged that the second quarter would face tougher comparisons, yet reaffirmed confidence in long-term growth.
Overall, we think this was a solid quarter with some key areas of upside.
Shares of workforce solutions provider ManpowerGroup (NYSE:MAN) fell 15.9% in the morning session after the company reported underwhelming first quarter 2025 results: Its EBITDA and EPS missed Wall Street's expectations.
Shares of global pharmaceutical company Eli Lilly (NYSE:LLY)
jumped 15.3% in the morning session after results from a Phase 3 trial showed that its experimental drug, Orforglipron, performed significantly well in helping patients manage obesity and diabetes. The stock's reaction suggested that investors were optimistic that, if approved, Lilly could scale production quickly and tap into the fast-growing diabetes and obesity markets.
Shares of health insurance company UnitedHealth (NYSE:UNH)
fell 22.9% in the morning session after the company reported underwhelming first-quarter 2025 results as its sales and profits fell below Wall Street expectations.
Shares of health insurance company Humana (NYSE:HUM)
fell 15.3% in the pre-market session after peer UnitedHealth reported underwhelming first-quarter 2025 results as its sales and profits fell below Wall Street expectations. Guidance was the biggest concern. UNH's new full-year earnings forecast came in well below what analysts had been expecting, mainly because the company saw its care (medical costs in its privately run Medicare plans) and funding issues lasting longer.
The news cast a shadow over other health insurers with similar offerings, hinting at tighter margins and more uncertainty ahead.
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.
Curious about the market action on Thursday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Warren, who serves as the ranking member of the Senate Banking Committee, argued that the stability of the financial markets depends on maintaining the independence of institutions like the Federal Reserve ,in an interview with CNBC.
Tilray Brands Inc. (NASDAQ: TLRY) has launched its first medical cannabis edibles in Australia through Tilray Medical. The new sugar-free, vegan Good Supply Pastilles offer THC and CBD options, enhancing patient access to plant-based therapies.
Dogecoin (CRYPTO: DOGE) may be gearing up for a major move, as its Layer-2 roadmap comes into focus and key technical indicators flash bullish signals.
Adagio Medical shares are trading higher by 142% during Thursday's session. The FDA granted Breakthrough Device Designation for the vCLAS cryoablation system.
BlackRock introduces TOPC, an ETF that limits individual stock weight to 3% in S&P 500, addressing concerns about market concentration and offering diversified exposure. It is part of their core building-block ETFs with low cost and versatile market exposure.
