Shares of carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL)
fell 3% in the morning session after automotive manufacturer Stellantis announced it was discontinuing its hydrogen fuel cell technology development program.
Shares of bearings manufacturer RBC Bearings (NYSE:RBC) jumped 3% in the morning session after Deutsche Bank initiated coverage with a "Buy" rating and a $480 price target. The new price target from the influential Wall Street firm suggests a significant potential upside of nearly 28% from the stock's current levels. This bullish initiation reflects confidence in the precision components manufacturer, which serves the industrial, defense, and aerospace sectors. The positive sentiment from Deutsche Bank adds to other recent optimistic analyst ratings. KeyBanc and Truist Financial have also recently raised their price targets on RBC Bearings, citing expectations for strong performance in its industrial segment and margin expansion driven by its aerospace and defense business. The company has demonstrated robust growth in its aerospace and defense segments and has improved its financial stability by significantly reducing debt over the past year.
Shares of hospital operator HCA Healthcare (NYSE:HCA)
fell 3% in the morning session after the company's stock was downgraded by Bank of America Securities to 'Neutral' from 'Buy' due to concerns over recent legislation.
Shares of personal wellness company WeightWatchers (NASDAQ:WW) jumped 4.1% in the morning session after the company successfully completed its strategic reorganization process and announced new program innovations.
Shares of aerospace and defense company Redwire (NYSE:RDW)
jumped 4.1% in the morning session after an analyst at Canaccord Genuity raised the firm's price target on the stock.
Shares of hospital management company Universal Health Services (NYSE:UHS) fell 3.6% in the morning session after a BofA Securities analyst downgraded the stock and lowered its price target.
Shares of healthcare company Surgery Partners (NASDAQ:SGRY) jumped 3.3% in the morning session after an analyst at investment firm Benchmark reiterated a "Buy" rating and a $35 price target on the company's stock.
Shares of regional banking company First Horizon (NYSE:FHN) jumped 3.8% in the morning session after the company reported strong second-quarter financial results that surpassed Wall Street expectations.
Shares of radiopharmaceutical company Lantheus Holdings (NASDAQ:LNTH)
fell 7.7% in the morning session after the stock hit a new 52-week low amid persistent investor concerns over rising competition and the company's recent financial results.
Shares of industrial distributor DXP Enterprises (NASDAQ:DXPE) fell 3.5% in the morning session after the stock appeared to enter a period of profit-taking following a significant recent rally that pushed technical indicators into overbought territory.
Shares of medical device company Merit Medical Systems (NASDAQ:MMSI)
fell 5.3% in the morning session after a regulatory filing made public showed that hedge fund Edgestream Partners L.P. had significantly reduced its position in the company. The disclosure, filed with the Securities and Exchange Commission, revealed that the fund had cut its holdings in the medical device maker by 40.8%. It is important for investors to note that the sale of 27,363 shares occurred during the first quarter, which ended March 31, 2025. The filing's release comes in the absence of other immediate negative company-specific news or analyst downgrades. The move follows a period of positive developments for Merit Medical, which earlier in July announced a new CEO and strong preliminary revenue growth for the second quarter.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB)
jumped 3.1% in the morning session after Bank of America Securities analyst Ronald Epstein significantly raised the price target for the space company. The analyst increased the price target to $50.00 from $30.00, a substantial 66.67% jump, while maintaining a "Buy" rating on the stock. This boosted investor confidence, signaling a strong belief in the company's future growth and market position. The positive sentiment was echoed by CNBC's Jim Cramer, who recently called Rocket Lab "one of the hottest stocks in the universe" and reiterated his "buy, buy, buy" recommendation. This enthusiasm stems from the company's crucial role in providing launch services and spacecraft manufacturing for a growing number of companies needing to send assets to space.
Shares of hospitality industry software provider Agilysys (NASDAQ:AGYS) jumped 5.3% in the morning session after the New York State Common Retirement Fund disclosed it had significantly increased its stake in the company.
Shares of Coinbase Global Inc (NASDAQ:COIN) are trading higher Wednesday, hitting a new 52-week high, fueled by a dramatic turnaround for crucial cryptocurrency legislation in Washington. Here’s what investors need to know.
The company appointed Robert Calderoni to its board, formed a Strategy Committee, and entered a cooperation agreement with Elliott Investment to strengthen business strategy.
James Wynn, the pseudonymous crypto trader known for his aggressive leveraged bets, has resumed high-risk trading just weeks after self-reporting losses in the hundreds of millions.
Trump reportedly discussed the idea on Tuesday night after the House Republicans blocked a procedural vote that would have advanced cryptocurrency legislation.
Senator Warren said the reversal of the earlier ban is “true to form” for the Trump administration, citing Nvidia CEO Jensen Huang’s dinner at Mar-a-Lago in April that reportedly cost $1 million per head.
ETF investors can ride or hedge against banking sector volatility through financial sector funds like XLF and KBE, which hold top banks like JPM and BofA.
A number of stocks fell in the morning session after a cautious outlook from semiconductor equipment giant ASML sparked a broad sell-off across the sector, hitting chipmakers and equipment suppliers alike.
Shares of voice AI recognition company SoundHound (NASDAQ:SOUN) jumped 4.9% in the pre market session after the company announced a collaboration with Peter Piper Pizza to roll out conversational voice AI for phone orders. The new system, which is now live across all Peter Piper Pizza locations in Arizona and Albuquerque, NM, will allow customers to place orders by speaking naturally over the phone. The voice AI agent is designed to handle multiple calls at once, which can improve efficiency and ensure no call is missed, even during peak hours. This allows restaurant staff to focus more on food preparation and in-person customer service. The news provided a positive catalyst for the stock, seemingly outweighing a recent downgrade from Piper Sandler, which had cited concerns about the company's outlook for the second half of 2025.
Shares of game engine maker Unity (NYSE:U)
jumped 12.4% in the morning session after Jefferies analyst Brent Thill raised his price target on the company to a Street-high of $35. The new price target represents a nearly 18% upside from the stock's previous close and a 20.69% increase from Jefferies' prior target of $29. The firm maintained its "Buy" rating, citing improving sentiment around Unity's ad-targeting model, Vector. Thill noted that positive mentions for Vector increased in the second quarter and that its Return on Ad Spend (ROAS) for clients improved to a 10%-20% lift, up from 5%-7% in the prior quarter. Driven by the expected improvements, Jefferies raised its revenue forecasts for Unity for 2025 and 2026. The analyst also highlighted that usage for the new Unity 6 engine is growing, indicating stability in the company's Create segment.
Shares of global advertising conglomerate Interpublic Group (NYSE:IPG) jumped 3.3% in the morning session after its pending acquisition by advertising rival Omnicom Group received a positive update. On its second-quarter earnings call, Omnicom's management confirmed that the acquisition of Interpublic Group (IPG) had received antitrust approval in the United States, a major step forward for the deal. In total, 13 of the 18 necessary jurisdictions have now approved the transaction, which is expected to be finalized in the second half of 2025. This mega-merger is set to combine two of the world's largest advertising and marketing services companies, creating a new industry leader. The update reduces uncertainty surrounding the deal's closure, a positive development for IPG shareholders.
Shares of pool products retailer Leslie’s (NASDAQ:LESL) jumped 3.5% in the pre-market session after the company announced the appointment of a seasoned retail executive, Amy College, as its new Chief Merchandising and Supply Chain Officer.
A number of stocks fell in the morning session after a cautious outlook from semiconductor equipment giant ASML sparked a broad sell-off across the sector, hitting chipmakers and equipment suppliers alike.
