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Stocks is Making of Spirit AeroSystems surged over 12% following reports of discussions between Boeing and Spirit regarding the potential reacquisition of the fuselage supplier, nearly two decades after its spinoff.
Hewlett Packard Enterprise
Hewlett Packard Enterprise witnessed a nearly 2% increase after reporting fiscal first-quarter earnings that exceeded analysts’ expectations in terms of earnings per share. However, the company fell short of revenue forecasts and provided weak guidance for the current quarter.
Daimler Truck
The commercial vehicle manufacturer experienced a remarkable surge of over 18% after announcing record-high full-year profits and authorizing a significant share buyback program worth 2 billion euros.
New York Community Bancorp
Shares of New York Community Bancorp plummeted nearly 24% after the bank disclosed concerns regarding “internal controls” and announced the appointment of a new CEO.
Root
Root, an insurance company, saw its stock rally by nearly 18% and reach a 52-week high after receiving an upgrade from Jefferies to a “buy” rating. The investment bank highlighted significant growth opportunities for Root, raising its price target accordingly.
Zscaler
Despite surpassing Wall Street’s earnings expectations, Zscaler, a cybersecurity stock, declined by over 8%. Concerns arose due to the forward guidance indicating a potential slowdown in billings growth in the second half of the year.
Dell Technologies
Shares of Dell Technologies surged over 25% after the company reported fourth-quarter results that outperformed analysts’ estimates. The strong demand for its artificial intelligence servers contributed to this impressive performance, coupled with a 20% increase in its annual dividend.
Advanced Micro Devices, Marvell Technology, Micron Technology
Investors displayed enthusiasm for stocks associated with artificial intelligence, leading to a 4% increase in Advanced Micro Devices’ stock. Micron Technology and Marvell Technology also experienced significant gains of over 5% and 7%, respectively.
Meta Platforms
Stock in Meta Platforms, the parent company of Facebook and Instagram, rose approximately 2% in line with the broader tech sector. This increase coincided with the Nasdaq Composite reaching an all-time high on Friday.