A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes.
This development triggered a significant decline in oil prices, easing inflation concerns.
Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran.
Shares of beauty products company Coty (NYSE:COTY) jumped 7% in the afternoon session after WWD (Women's Wear Daily) reported that the company is exploring a potential sale. Sources suggested the company was in the very early stages of discussions to potentially sell off its business in two parts, separating its luxury division from its consumer division. This report raised investor optimism about a potential valuation increase for Coty.
A number of stocks jumped in the pre-market session after Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East.
COCA-COLA (NYSE:KO) shows strong technicals and a high-quality breakout setup, supported by rising trends, tight consolidation, and institutional interest. A potential entry above $73.91 could signal further upside.
Shares of fresh produce company Calavo Growers (NASDAQ:CVGW)
jumped 9.5% in the morning session after the company announced it received an acquisition offer valued at $32 per share, a significant premium to its previous closing price. The board of directors planned to review the offer, which involved a combination of stock and cash from an unnamed bidder. If the offer is accepted and the deal is completed, this should allow existing shareholders to exit their current positions at a higher price.
Shares of personalized clothing company Stitch Fix (NASDAQ:SFIX)
fell 5.7% in the afternoon session after the company reported underwhelming first quarter 2025 (fiscal Q3) results: Sales were flat, and it continued to lose customers. In addition, margins stayed weak and in the red.
Shares of software development tools maker GitLab (NASDAQ:GTLB)
fell 9.5% in the afternoon session after the company reported underwhelming first quarter 2025 (fiscal 2026) results: its full-year revenue guidance was in line, and investors were likely hoping for more. On the other hand, GitLab raised its full-year EPS guidance. In addition, the quarter's EPS and adjusted operating income exceeded Wall Street's estimates by a wide margin. Overall, this was a weak quarter.
