After a one-off surge in April, consumer borrowing tanked again in May, a sign that Americans might be close to tapping out as they hit their credit card limits.
Stay up-to-date with the latest market trends in the middle of the day on Thursday. Explore the top gainers and losers during today's session in our detailed report.
A new report by crypto wealth platform Nexo on Thursday revealed that crypto card users are increasingly directing their spending toward long-term goals like education and investment, rather than short-term consumption. The findings suggest a shift in how digital asset holders approach financial planning, opting to borrow against crypto rather than liquidate it.
The aggregate price level is picking up, with prices of foodstuffs, services, and housing rising. The accumulated inflationary pressures will likely prevent any further easing from the Czech National Bank...
Apple's $60 billion cash pile and a rare executive shake-up reignite speculation: will the tech giant finally go on an AI buying spree to catch up with rivals?
XRP's (CRYPTO: XRP) has broken above $2.39 for the first time since May 23, buoyed by growing whale accumulation and bullish momentum around Ripple's ecosystem. Market watchers now see signs of an imminent breakout.
Helen of Troy said stretched American consumers are reining in discretionary spending and opting for everyday essentials, with sales also being hit by paused or cancelled direct import orders due to tariffs.
Gorilla Technology Group Inc. (NASDAQ: GRRR) shares plunged on Thursday, reversing a strong rally from the previous session that was driven by trader enthusiasm over the company's listing as an NVIDIA Corp.'s (NASDAQ: NVDA) NVIDIA Solutions Partner on its website.
In a dizzying year of economic news, along with numerous twists and turns in financial markets, the performance leadership for the momentum factor stands out as a hardy perennial year to date.
A new report reveals Teradyne is the secret supplier for Amazon's Vulcan robot. This major deal led Hunterbrook Capital to take a long position in Teradyne.
Vessel Sealer Curved is a fully wristed, advanced bipolar electrosurgical instrument designed to seal, cut, grasp, and dissect tissue for use with Intuitive’s da Vinci surgical systems.
Shares of custom-engineered solutions manufacturer Methode Electronics (NYSE:MEI)
fell 23.6% in the morning session after the company reported a wider-than-expected fourth-quarter loss and issued a disappointing financial outlook for fiscal 2026. The electronic components maker posted a fourth-quarter adjusted loss of $0.77 per share on revenue of $257.1 million. This represents a significant decline from the prior year, driven by lower volumes in its Automotive segment.
Shares of metal coating and infrastructure solutions provider AZZ (NYSE:AZZ)
jumped 9.9% in the morning session after the company reported record financial results for the first quarter of its 2026 fiscal year and raised its full-year guidance. The metal coatings and coil coating solutions provider announced adjusted earnings per share of $1.78, a 21.9% increase from the prior year and well ahead of Wall Street's consensus estimate of $1.58. While total sales of $422 million were up 2.1% year-over-year, they slightly missed analyst expectations. The strong bottom-line performance was driven by the Metal Coatings segment, which saw sales jump 6.0% to $187.2 million due to higher volumes for hot-dip galvanized steel and improved operational productivity. Buoyed by the strong start to the year, AZZ raised its full-year fiscal 2026 guidance. The company now projects adjusted earnings per share between $5.75 and $6.25, an increase from previous forecasts, signaling management's confidence in sustained profitability.
Shares of design software company Autodesk (NASDAQ:ADSK)
fell 7.1% in the morning session after reports surfaced that the company is considering an acquisition of rival engineering software firm PTC Inc. (NASDAQ: PTC). The potential deal was first reported by Bloomberg News, which stated that Autodesk is in the early stages of evaluating a cash-and-stock offer for PTC. While neither company has officially confirmed the discussions, the news prompted a negative reaction from investors. Typically, the stock of a company rumored to be making a large acquisition falls due to investor concerns about the financial burden and integration risks. With PTC's market capitalization valued at around $25 billion, a takeover would be a significant undertaking for Autodesk. In contrast to Autodesk's decline, shares of PTC soared on the news.
Shares of composite decking and railing products manufacturer Trex Company (NYSE:TREX)
jumped 6.8% in the morning session after analysts at Baird upgraded the stock. The investment firm raised its rating on the composite decking manufacturer to "Outperform" from "Neutral" and boosted its price target to $75 from $65. Baird cited confidence in the company's stable sell-through trends, which refers to the rate at which its products are sold to end-customers by distributors.
Shares of airline company United Airlines Holdings (NASDAQ:UAL)
jumped 13.1% in the morning session after after rival Delta Air Lines reported strong second-quarter earnings and reinstated its full-year guidance, boosting sentiment across the airline sector. The positive momentum comes after Delta (DAL) announced earnings surpassing analyst expectations. More importantly, Delta reinstated its full-year profit forecast, projecting earnings per share between $5.25 and $6.25, signaling confidence in sustained travel demand. Delta's strong performance and optimistic outlook are being interpreted by investors as a healthy sign for the entire airline industry. The news suggests that consumer demand for travel remains robust despite economic uncertainties. This positive industry-wide signal has lifted shares of other major carriers, including United, as investors anticipate they may also report strong results.
Shares of computer processor maker AMD (NASDAQ:AMD)
jumped 4.2% in the morning session after HSBC upgraded the stock and analysts expressed continued optimism about demand for artificial intelligence (AI) chips. HSBC analyst Frank Lee upgraded AMD from a "Hold" to a "Buy" rating, setting a new price target of $200. This new target suggests a significant potential upside from the stock's current levels.
Shares of engineering and design software provider PTC (NASDAQ:PTC) fell 6.9% in the morning session after a report on Wednesday that rival engineering software firm Autodesk (ADSK) was considering a possible acquisition of the company. The pre-market dip follows a significant rally in PTC's shares on Wednesday, which occurred after the initial report of a potential takeover emerged. However, with neither PTC nor Autodesk confirming the acquisition talks, investor sentiment appeared to shift in early trading on Thursday. Analysts at Morgan Stanley noted that a combined entity could offer substantial benefits, including cost synergies and a stronger position in the manufacturing software market. They also highlighted that a merger would create a more extensive dataset, which could accelerate the development of generative artificial intelligence applications for the industry. Despite the potential long-term advantages, the lack of official confirmation from either company has introduced uncertainty, weighing on the stock.
Shares of global airline Delta Air Lines (NYSE:DAL) jumped 13.3% in the morning session after the company reported better-than-expected second-quarter earnings, reinstated its full-year guidance, and announced a dividend increase. The airline posted record second-quarter revenue and adjusted earnings per share, surpassing Wall Street's expectations. The strong results were driven by resilient demand, particularly in premium and loyalty revenue streams, which grew 5% and 8% respectively.
Shares of biotechnology company Moderna (NASDAQ:MRNA)
jumped 3.8% in the morning session after the U.S. Food and Drug Administration (FDA) granted full approval for its Spikevax COVID-19 vaccine to be used in children. The approval covers children from six months through 11 years of age who are at an elevated risk for severe COVID-19.
Shares of global airline American Airlines (NASDAQ:AAL) jumped 13.7% in the morning session after rival Delta Air Lines reported strong second-quarter earnings and provided an optimistic outlook for the travel industry. The broader airline sector received a boost after Delta's positive results, which often serve as a bellwether for the industry. Investors are likely anticipating that the robust demand and favorable travel trends reported by Delta will also be reflected in American's upcoming earnings report.
Shares of non-lethal weapons company Byrna (NASDAQ:BYRN)
fell 22.3% in the morning session after the company reported its fiscal second-quarter 2025 financial results. Although Byrna announced a record-breaking quarter with a 41% year-over-year revenue increase to $28.5 million, the stock's dip suggests a "sell the news" reaction from investors. The strong sales were driven by the launch of the new Byrna Compact Launcher (CL) and a 106% surge in dealer sales, bolstered by an expanding partnership with Sportsman's Warehouse. The company's adjusted earnings per share of $0.10 beat analyst expectations of $0.08. However, the positive results may have already been priced into the stock, which has seen a significant run-up of over 80% in the past three months.
