Palantir Stock Extends Gains After NATO Deal
13 minutes ago
Shares of Palantir Technologies (PLTR) rose for a second consecutive session Tuesday following news that the North Atlantic Treaty Organization (NATO) had acquired the analytics software provider’s artificial intelligence-enabled military system.
Palantir shares closed nearly 5% higher Monday as the deal with the Brussels-based military alliance helped ease investor concerns that Europe may rely less on American defense contractors amid an uncertain trade outlook.
The stock was up a further 5% in recent trading and was among the top gainers in the S&P 500.
Shares have added nearly 30% of their value in 2025 and have skyrocketed 345% over the past 12 months.
Netflix Stock Pops on Report of Ambitious Revenue Goal
1 hr 8 min ago
Netflix (NLFX) shares jumped Tuesday following a report company executives laid out ambitious targets at a business review meeting last month.
Executives said the streaming giant aims to double the $39 billion in revenue Netflix brought in last year, with a global ad sales target of $9 billion by 2030, The Wall Street Journal reported Monday, citing people familiar with the matter.
The streaming giant also aims to reach a market capitalization of $1 trillion by 2030, the report said, up from roughly $419.2 billion. The only U.S. companies with a market cap above $1 trillion today include Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Amazon (AMZN), Meta (META), and Berkshire Hathaway (BRK.A, BRK.B).
Netflix did not immediately respond to a request for comment.
Shares were up more than 6% in recent trading, leading gains on the S&P 500. Shares have added about 60% of their value over the past 12 months.
Last week, Morgan Stanley analysts named Netflix a “top pick,” arguing the company could be well-positioned to withstand the current tariff landscape. The streaming giant has shown “momentum” in its core subscription business, the analysts said. That momentum lowers the company’s overall risk, the bank added, even if the advertising market struggles amid rising trade tensions.
Netflix is set to report its first-quarter results after the market closes Thursday.
Citigroup Stock Rises After Q1 Results Top Estimates
1 hr 59 min ago
Citigroup (C) shares rose Tuesday after the bank reported better-than-expected first-quarter results as volatile markets boosted equities trading.
The firm reported earnings per share (EPS) of $1.96 on revenue of $21.60 billion, while analysts surveyed by Visible Alpha expected $1.84 and $21.19 billion, respectively. Markets revenue rose 12% year-over-year to $6.0 billion, powered by a 23% jump in equities trading revenue to $1.5 billion.
Citigroup shares were up 3% in recent trading. They entered Tuesday down 10% in 2025.
Since bank earnings began last Friday, Morgan Stanley (MS), JPMorgan Chase (JPM), Wells Fargo (WFC), and Goldman Sachs (GS) all posted results that beat analysts’ estimates, but executives have struck a cautious tone about the rest of the year due to uncertainty caused by tariffs.
Citigroup CEO Jane Fraser said she was bullish about the prospects for the U.S. dollar, which is on track to have its worst two-month stretch since 2002.
“When all is said and done, and longstanding trade imbalances and other structural shifts are behind us, the U.S. will still be the world’s leading economy, and the dollar will remain the reserve currency,” Fraser said.
Albertsons Stock Sinks as Grocer Issues Soft Full-Year Profit Outlook
2 hr 42 min ago
Shares of Albertsons (ACI) fell sharply Tuesday, a day after the supermarket chain reported a weaker-than-expected profit outlook for fiscal 2025.
The Boise, Idaho-based company posted fiscal 2024 fourth-quarter adjusted earnings per share (EPS) of $0.46 on sales of $18.80 billion. Analysts polled by Visible Alpha expected $0.40 and $18.65 billion, respectively.
However, Albertsons’ full-year adjusted EPS projection of $2.03 to $2.16 missed consensus projections of $2.28.
Shares of Albertons, which last month announced that CEO Vivek Sankaran would be retiring May 1 and replaced by COO Susan Morris, were down over 7% in Tuesday morning trading.
Albertsons stock is up modestly since its $24.6 billion combination with Kroger (KR) was called off in December, when a pair of judges sided with the Federal Trade Commission and ruled that their merger likely would have resulted in lower wages and higher prices.
Boeing Stock Falls as China Tells Carriers To Stop Jet Deliveries, Report Says
3 hr 27 min ago
Boeing (BA) shares fell Tuesday after Beijing reportedly told its airlines not to take more deliveries of the American company’s jets, as the trade war between the U.S. and China heats up.
Beijing also “asked that Chinese carriers halt any purchases of aircraft-related equipment and parts from U.S. companies,” Bloomberg reported, citing people familiar with the matter.
China last Friday hiked its tariffs on imports from America to 125%, in retaliation for the 145% duties its goods face from the U.S. The report said the 125% tariffs on U.S. imports would “have more than doubled the cost of U.S.-made aircraft and parts, making it impractical for Chinese airlines to accept Boeing planes.”
Boeing shares, which have fallen 10% year-to-date entering Tuesday, were down a further 2% in morning trading.
Boeing didn’t immediately respond to a request for comment.
Bank of America Stock Jumps After Topping Earnings Estimates
4 hr 17 min ago
Shares of Bank of America (BAC) rose in early trading Tuesday after the financial giant’s first-quarter results came in better than expected.
The firm recorded earnings per share (EPS) of $0.90 on revenue of $27.37 billion. Analysts were projecting $0.82 and $26.80 billion, respectively, per Visible Alpha.
Bank of America reported net interest income (NII) of $14.44 billion, in line with the analyst consensus.
Despite largely stronger-than-expected Q1 results thus far, a number of executives at big banks have been less bullish on the macroeconomic outlook for 2025 amid uncertainty about how the Trump administration’s tariffs will impact the economy.
“Our business clients have been performing well; and consumers have shown resilience, continuing to spend and maintaining healthy credit quality,” Bank of America CEO Brian Moynihan said. He added that Bank of America is well-positioned to continue growing even “though we potentially face a changing economy in the future.”
Shares of Bank of America, which topped estimates in each quarter of 2024, were up more than 4% Tuesday morning. They entered the day down roughly 17% since the start of the year.
Stock Futures Tick Lower After 2 Days of Gains
4 hr 56 min ago
Futures contracts connected to the Dow Jones Industrial Average were down 0.3% in premarket trading on Tuesday.
S&P 500 futures were off 0.2%.
Nasdaq 100 futures were also down 0.2%.
