After Hours Report

Updated: 08-May-25 17:32 ET
Lyft getting big lift on share buyback news

The stock market closed higher across the board. The major equity indices settled off session highs with gains ranging from 0.6% to 1.1%. The market was fueled by some pleasing developments in the trade situation, along with President Trump saying to buy stocks now.

The Trump administration announced a trade deal with the UK, fueling optimism that deals will be reached with other countries and that the tariffs may be less impactful than feared on the global economy. 

Commerce Secretary Howard Lutnick said the 10% baseline tariff will remain in place (as expected), adding that the UK will purchase $10 billion worth of Boeing (BA 191.70, +6.14, +3.3%) jets.

During the Q&A with reporters, President Trump said the US is very close to making additional deals with other countries, specifying that tariffs on China "could be" lowered if this weekend's meeting goes well. Mr. Trump added he may speak with President Xi after the meeting.

Late afternoon reports indicated that the U.S. is considering lowering tariffs on China to 50% next week before long trade deal talks begin, according to the NY Post.

Treasuries faced selling pressure today, leading the 10-yr yield to settle ten basis points higher at 4.37%, and the 2-yr yield to settle ten basis points higher at 3.89%. Factors that influenced this price action included a disappointing Productivity report for Q1, which showed a larger-than-expected decrease in productivity, coupled with a bigger-than-expected increase in Unit Labor Costs.

Also, the New York Fed released its April Survey of Consumer Expectations, showing no change in year-ahead inflation expectations (3.6%) while the three-year outlook increased to 3.2% from 3.0%. The five-year outlook decreased to 2.7% from 2.9%.

On a related note, the U.S. Treasury sold $25 billion in 30-yr bonds to weak demand.

  • Dow Jones Industrial Average: -2.8% YTD
  • S&P 500: -3.7% YTD
  • S&P Midcap 400: -5.5% YTD
  • Nasdaq Composite: -7.2% YTD
  • Russell 2000: -9.1% YTD

Reviewing today's economic data:

  • Weekly Initial Claims 228K (Briefing.com consensus 238K); Prior 241K, Weekly Continuing Claims 1.879 mln; Prior was revised to 1.908 mln from 1.916 mln
    • The key takeaway from the report is the step down in initial jobless claims -- a leading indicator -- from the prior week, as it leaves initial claims at a level that is consistent with a fairly solid labor market and far from recession-like levels.
  • Q1 Productivity-Prel -0.8% (Briefing.com consensus -0.4%); Prior was revised to 1.7% from 1.5%, Q1 Unit Labor Costs-Prel 5.7% (Briefing.com consensus 4.0%); Prior was revised to 2.0% from 2.2%
    • The key takeaway from the report is the jump in unit labor costs stemming from the weak productivity, although the first-quarter earnings reports in aggregate have not conveyed any strong profit margin pressures as a result of higher labor costs.
  • March Wholesale Inventories 0.4% (Briefing.com consensus 0.5%); Prior 0.3%

Looking ahead to Friday, there is no US economic data on the calendar. 

 

Overseas:

  • Europe: DAX +1.0%, FTSE -0.3%, CAC +0.9%
  • Asia: Nikkei +0.4%, Hang Seng +0.4%, Shanghai +0.3%

Commodities:

  • Crude Oil +1.85 @ 59.94
  • Nat Gas -0.01 @ 3.94
  • Gold -87.70 @ 3305.00
  • Silver -0.20 @ 32.57
  • Copper -0.07 @ 4.59

After-Hours Spotlight:

  • President Trump promised "earth-shattering" announcement Monday will be a "most favored nation" plan to cut Medicare drug prices, according to CBS News
  • Affirm (AFRM) beats by $0.02, reports revs in-line; guides Q4 revs in-line; announces an online partnership with Costco... AFRM down 3.2%
  • Akamai Tech (AKAM) beats by $0.13, reports revs in-line; guides Q2 EPS above consensus, revs above consensus; guides FY25 EPS in-line, revs in-line... AKAM up 1.7%
  • Cloudflare (NET) reports EPS in-line, beats on revs; guides Q2 EPS below consensus, revs in-line; reaffirms FY25 EPS guidance, revs guidance... NET up 13.4%
  • Coinbase Global (COIN) beats by $0.01, misses on revs; gives Q2 guidance... COIN up 2.7%
  • DraftKings (DKNG) beats by $0.01, misses on revs; guides FY25 revs in-line... DKNG up 4.3%
  • Dropbox (DBX) beats by $0.08, reports revs in-line... DBX down 0.3%
  • Expedia Group (EXPE) beats by $0.05, reports revs in-line, total gross bookings grew 4%; Issues downside Q2 revenue guidance; Seeing weaker-than-expected travel demand in U.S.... EXPE down 6.3%
  • HubSpot (HUBS) beats by $0.07, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY25 EPS above consensus, revs above consensus; Authorizes share repurchase program for up to $500 mln of common stock... HUBS down 4.8%
  • Illumina (ILMN) beats by $0.03, beats on revs; guides FY25 EPS below consensus... ILMN up 1.0%
  • Lyft (LYFT) misses by $0.18, misses on revs; provides Q2 guidance; increasing share repurchase program to $750 million... LYFT up 11.4%
  • McKesson (MCK) beats by $0.29, misses on revs; guides FY26 EPS in-line, reaffirms long-term adjusted EPS growth target of 12-14%... MCK down 2.1%
  • Microchip (MCHP) beats by $0.01, reports revs in-line; guides Q1 EPS, revs above consensus... MCHP up 8.1%
  • Paramount Global (PARA) beats by $0.04, beats on revs... PARA up 1.0%
  • Pinterest (PINS) misses by $0.03, reports revs in-line; guides Q2 revs above consensus... PINS up 17.9%
  • RingCentral (RNG) beats by $0.04, reports revs in-line; guides Q2 EPS in-line, revs in-line; guides FY25 EPS in-line, revs in-line... RNG down 2.8%
  • Sweetgreen (SG) misses by $0.01, reports revs in-line; lowered FY25 revs below consensus... SG down 8.7%
  • The Trade Desk (TTD) beats by $0.08, beats on revs; guides Q2 revs in-line... TTD up 24%
  • Toast (TOST) reports Q1 (Mar) results, revs in-line; increases FY25 adjusted EBITDA guidance... TOST up 12.5%

Fair Value for Friday, May 9:

  • S&P 500: 5,682
  • Nasdaq 100: 20,143
  • DJIA: 41,451
Today's News Summary:

For a full rundown of today's market and after hours developments, see Live In Play

  • Earnings/Guidance (Full Earnings Calendar):
    • ACI Worldwide (ACIW) beats by $0.33, beats on revs; guides FY25 revs in-line
    • ACM Research (ACMR) beats by $0.14, beats on revs; reaffirms FY25 revs guidance
    • ADTRAN (ADTN) beats by $0.06, beats on revs; guides Q2 revs in-line
    • ADMA Biologics (ADMA) misses by $0.04, misses on revs; guides FY25 revs above consensus; guides FY26 revs below consensus
    • Alpha and Omega Semi (AOSL) beats by $0.07, beats on revs; guides Q4 revs in-line
    • AMC Entertainment (AMC) misses by $0.02, reports revs in-line
    • Amdocs (DOX) beats by $0.07, misses on revs; guides Q3 EPS below consensus, revs in-line; reaffirms FY25 EPS guidance, guides FY25 revs below consensus; increases share buyback authorization by $1 bln
    • Anheuser-Busch InBev (BUD) beats by $0.07, misses on revs
    • Appian (APPN) beats by $0.10, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY25 EPS above consensus, revs above consensus
    • AppLovin (APP) beats by $0.23, beats on revs
    • Arm Holdings plc (ARM) beats by $0.03, reports revs in-line; guides Q1 EPS below consensus, revs in-line
    • Atmos Energy (ATO) beats by $0.14, beats on revs; raises FY25 EPS above consensus
    • Axon (AXON) beats by $0.14, beats on revs; guides FY25 revs in-line
    • Barrett Business (BBSI) beats by $0.09, beats on revs
    • Beyond Meat (BYND) misses by $0.21, misses on revs; guides Q2 revs below consensus, withdraws guidance for FY25
    • Black Hills Corp (BKH) misses by $0.07, beats on revs; reaffirms FY25 EPS guidance
    • Blue Bird (BLBD) beats by $0.01, beats on revs; reaffirms FY25 revs guidance
    • Bumble Inc. (BMBL) misses by $0.01, reports revs in-line; guides Q2 revs below consensus
    • Carlyle Group (CG) beats by $0.19, beats on revs
    • Carvana (CVNA) beats by $0.79, beats on revs
    • CF Industries (CF) beats by $0.37, beats on revs; announces buyback
    • Chesapeake Utilities (CPK) misses by $0.03, beats on revs; guides FY25 EPS in-line
    • Choice Hotels (CHH) misses by $0.03, misses on revs; lowers FY25 EPS guidance
    • Cleveland-Cliffs (CLF) misses by $0.10, reports revs in-line
    • Coherent (COHR) beats by $0.05, beats on revs; guides Q4 EPS in-line, revs in-line
    • Concentra (CON) reports EPS in-line, beats on revs; increases FY25 revenue outlook
    • ConocoPhillips (COP) beats by $0.04, lowers full-year capex and operating cost guidance
    • Corteva (CTVA) beats by $0.26, misses on revs; reaffirms FY25 EPS guidance, revs guidance
    • Costco (COST) reports April adjusted comparable sales of +6.7%
    • Crocs (CROX) beats by $0.52, beats on revs; withdraws full-year outlook
    • CSG Systems (CSGS) beats by $0.12, beats on revs; guides FY25 EPS in-line, revs in-line
    • Curtiss-Wright (CW) beats by $0.44, beats on revs; guides FY25 EPS above consensus, revs above consensus
    • Dentsply Sirona (XRAY) beats by $0.13, beats on revs; reaffirms FY25 EPS guidance, guides FY25 revs above consensus
    • Digi Intl (DGII) beats by $0.03, reports revs in-line; guides Q3 EPS in-line
    • Dutch Bros (BROS) beats by $0.04, beats on revs; reaffirms FY25 rev guidance
    • EPAM Systems (EPAM) beats by $0.14, beats on revs; guides Q2 EPS above consensus; guides FY25 EPS above consensus; announces planned leadership succession
    • EPR Properties (EPR) beats by $0.03, beats on revs; guides FY25 FFO in-line
    • Esco Tech (ESE) beats by $0.10, reports revs in-line; guides Q3 EPS in-line; guides FY25 EPS in-line
    • Establishment Labs (ESTA) beats by $0.11, reports revs in-line
    • Fastly (FSLY) beats by $0.02, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY25 EPS in-line, revs above consensus
    • Fidelity National (FNF) misses by $0.32, misses on revs
    • Fortinet (FTNT) beats by $0.05, reports revs in-line; guides Q2 EPS in-line, revs in-line; guides FY25 EPS in-line, revs in-line
    • Genpact (G) beats by $0.05, reports revs in-line; guides Q2 EPS in-line, revs below consensus; lowers FY25 EPS and revenue guidance below consensus
    • Goodyear Tire (GT) misses by $0.01, misses on revs; completes sale of Dunlop brand
    • GXO Logistics (GXO) beats by $0.04, beats on revs; guides FY25 EPS above consensus
    • Haemonetics (HAE) beats by $0.02, reports revs in-line; guides FY26 EPS in-line, revs below consensus
    • Howard Hughes Holdings (HHH) misses by $0.90, beats on revs; Issues FY25 guidance
    • H & R Block (HRB) beats by $0.21, beats on revs; reaffirms FY25 EPS guidance, revs guidance
    • Houlihan Lokey (HLI) beats by $0.34, beats on revs; Announces 5% increase in quarterly dividend
    • Informatica (INFA) misses by $0.01, beats on revs; guides Q2 revs below consensus; guides FY25 revs in-line
    • Intercontinental Hotels Group (IHG) provides Q1 Trading update
    • IonQ (IONQ) beats by $0.12, reports revs in-line; guides Q2 revs in-line; reaffirms FY25 revs guidance
    • Jackson Financial (JXN) beats by $0.17, beats on revs
    • Kinetik (KNTK) misses by $0.26, beats on revs; Board authorizes $500 mln buyback
    • Kodiak Gas Services (KGS) misses by $0.06, beats on revs; raises FY25 adjusted EBITDA guidance; Increased quarterly dividend by 10%
    • Kratos Defense and Security (KTOS) beats by $0.03, beats on revs; guides Q2 revs below consensus; reaffirms FY25 revs guidance
    • Kyndryl (KD) beats by $0.01, reports revs in-line, provides FY26 outlook
    • Lamar Advertising (LAMR) misses by $0.01, reports revs in-line
    • LandBridge (LB) misses by $0.35, reports revs in-line
    • LegalZoom.com (LZ) reports EPS in-line, beats on revs; guides Q2 revs in-line; guides FY25 revs above consensus; $100 mln increase in share repurchase authorization
    • Light & Wonder (LNW) misses by $0.12, misses on revs
    • Millicom International Cellular (TIGO) beats by $0.33, misses on revs
    • Marriott Vacations (VAC) beats by $0.15, reports revs in-line; raises FY25 guidance
    • MKS Instruments (MKSI) beats by $0.26, beats on revs; guides Q2 EPS in-line, revs in-line
    • Molson Coors Brewing (TAP) misses by $0.28, misses on revs; Lowers FY25 EPS and constant currency net sales guidance
    • Murphy USA (MUSA) misses by $1.33, misses on revs
    • Nutrien (NTR) misses by $0.20, reports revs in-line
    • Occidental Petro (OXY) beats by $0.09, reports revs in-line; Reduces mid-point of 2025 capex guidance by $200 mln
    • Ormat Tech (ORA) beats by $0.07, beats on revs; reaffirms FY25 revs guidance
    • Owens & Minor (OMI) beats by $0.03, misses on revs; reaffirms FY25 EPS guidance, revs guidance
    • Pan Am Silver (PAAS) beats by $0.22, beats on revs
    • Papa John's (PZZA) reports EPS in-line, revs in-line; reaffirms FY25 guidance metrics
    • Paycom Software (PAYC) beats by $0.23, beats on revs; guides FY25 revs in-line
    • Peloton (PTON) misses by $0.05, reports revs in-line; narrows FY25 revenue guidance
    • Planet Fitness (PLNT) misses by $0.03, reports revs in-line; reaffirms FY25 EPS guidance, revs guidance
    • Prestige Consumer (PBH) beats by $0.02, beats on revs; guides FY26 EPS in-line, revs in-line
    • Primerica (PRI) beats by $0.24, beats on revs
    • Privia Health (PRVA) beats by $0.17, beats on revs; guides FY25 revs in-line
    • Q2 Holdings (QTWO) misses by $0.40, beats on revs; guides Q2 revs in-line; raises FY25 revs above consensus
    • Qiagen (QGEN) beats by $0.06, beats on revs; Reaffirms FY25 sales growth at current exchange rates, seeking shareholder approval for dividend and new $500 mln share repurchase
    • QuidelOrtho (QDEL) beats by $0.15, reports revs in-line; reaffirms FY25 EPS guidance, revs guidance
    • QuinStreet (QNST) beats by $0.01, reports revs in-line; reaffirms FY25 revs guidance
    • RB Global (RBA) beats by $0.05, beats on revs
    • Restaurant Brands Int'l (QSR) misses by $0.03, misses on revs
    • Root, Inc. (ROOT) reports Q1 (Mar) results, beats on revs
    • Royal Gold (RGLD) beats by $0.08, beats on revs
    • Sandisk (SNDK) beats by $0.08, beats on revs; guides Q4 EPS above consensus, revs above consensus
    • Sapiens Int'l (SPNS) beats by $0.02, reports revs in-line; raises FY25 revenue guidance, lowers operating profit margin guidance
    • Schrodinger (SDGR) misses by $0.09, beats on revs, reaffirms FY25 outlook
    • SiTime (SITM) beats by $0.14, beats on revs
    • Six Flags Entertainment (FUN) beats by $0.01, misses on revs
    • Skyworks (SWKS) beats by $0.04, reports revs in-line; guides Q3 EPS above consensus, revs above consensus
    • Spectrum Brands (SPB) misses by $0.70, misses on revs
    • Symbotic (SYM) reports Q2 (Mar) results, beats on revs; guides Q3 revs below consensus
    • Teekay Tankers (TNK) beats by $0.07, declares $1.00/sh special dividend
    • Tetra Tech (TTEK) beats by $0.03, beats on revs; guides Q3 EPS above consensus, revs in-line; raises FY25 guidance; hikes dividend 12% yr/yr
    • Toyota Motor (TM) reports fiscal-year results; beats on revs; sees next year revs above consensus
    • Tutor Perini (TPC) beats by $0.44, beats on revs; guides FY25 EPS in-line
    • UGI Corp (UGI) beats by $0.35; raises FY25 EPS guidance
    • U.S. Physical Therapy (USPH) beats by $0.05, beats on revs
    • Veeco Instruments (VECO) beats by $0.05, reports revs in-line; guides Q2 EPS below consensus, revs below consensus
    • Verra Mobility (VRRM) beats by $0.01, beats on revs; guides FY25 EPS in-line, revs in-line
    • Watts Water Tech. (WTS) beats by $0.25, beats on revs
    • Wolverine (WWW) beats by $0.07, beats on revs; guides Q2 EPS in-line, revs in-line
    • YETI Holdings (YETI) beats by $0.04, beats on revs; lowers FY25 EPS and adjusted sales growth guidance
    • Zillow (ZG) beats by $0.04, beats on revs; guides Q2 revs in-line; reaffirms FY25 revs guidance
  • General News
    • President Trump says China tariffs "could be" lowered if the meeting goes well, but not before the meeting
    • US considering lowering China tariffs to 50% next week before long trade deal talks begin, according to NY Post
    • Pakistan shot down 12 Indian drones, according to Reuters
    • China says US should remove its unilaterally imposed tariffs, according to Global Times
    • President Trump at press conference was asked if he will talk to Fed Chairman Jerome Powell about rates; says "that will be like talking to a wall"; says Americans should buy stocks now; says reconciliation bill will be great
    • President Trump Q&A with reporters: Asked about the 10% baseline tariff: Says 10% is a lower number; Says some countries will end up with higher tariffs
    • President Trump plans to connect the amount the government pays for some drugs to lower prices in foreign nations, according to Politico
    • President Trump announces new trade deal with UK; he says this will be "the first of many" trade deals
    • President Trump pushing GOP lawmakers to raise taxes to 39.6% on individuals making $2.5 million or more; also wants to eliminate carried interest loophole, according to Bloomberg
    • House Republicans consider increasing the state and local tax deduction cap to $30,000, according to Bloomberg
    • White House Trade Advisor Pete Navarro says threat of retaliatory tariffs from EU will hurt talks, according to The Wall Street Journal
    • U.S. Transportation Secretary Sean Duffy unveils plan to build brand new state-of-the-art air traffic control system
    • EC approves €5 billion French scheme to facilitate the export of wines and spirits to the US
    • Genius Act fails to pass Senate by a vote of 48-49
    • Apple's (AAPL) search deal with Google (GOOG, GOOGL) might not be necessary in the long run, according to Bloomberg
    • Boeing (BA) to deliver new Air Force One by 2027, according to Bloomberg
    • Boeing (BA) receives order for 777X passenger and freighter models from China Airlines
    • CACI Intl (CACI) has been awarded additional work by the U.S. Navy to procure enhancements to the current fielded Shipboard Information Warfare Exploit system under its existing contract for Spectral
    • Cadence (CDNS) accelerates physical AI applications with Tensilica NeuroEdge 130 AI co-processor
    • Civitas Resources (CIVI) announces that Clay Carrell has joined the Company as President and Chief Operating Officer, effective today
    • Establishment Labs (ESTA) appoints Peter Caldini as CEO, effective May 7
    • Exxon Mobil (XOM) and Marubeni Corporation have signed a long-term offtake agreement for approximately 250,000 tonnes of low-carbon ammonia per year from ExxonMobil’s facility in Baytown, Texas, which is expected to produce virtually carbon-free hydrogen with approximately 98% of CO2 removed and low-carbon ammonia
    • Ford (F) raised prices on three vehicles due to tariffs, according to the Wall Street Journal
    • GlaxoSmithKline's (GSK) GLISTEN phase III trial results show linerixibat significantly improves cholestatic pruritus (relentless itch) in primary biliary cholangitis
    • Honest Company (HNST) announces the appointment of Curtiss Bruce, seasoned finance executive, as the Company’s new Chief Financial Officer, effective June 2, 2025
    • IonQ (IONQ) plans to launch a global space-to-space and space-to-ground satellite quantum key distribution network, highlighting its ambitions to be the first company to have both a quantum network and quantum computer in space
    • Kohl's (KSS) Board formed a CEO search committee to oversee the search for a new CEO on May 7
    • Meta (META) to restart work on facial recognition technology, according to The Information
    • Oceaneering Intl (OII) announces award of a multi-year contract by bp Mauritania Investments Limited for the provision of subsea inspection, maintenance, and repair services and remotely operated vehicle services in the Greater Tortue Ahmeyim field
    • RenaissanceRe (RNR) approves a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total current authorization up to $750.0 mln, which includes the remaining amounts under prior authorizations
    • Skyworks (SWKS) announces that Mark Dentinger has been appointed senior vice president and chief financial officer, effective June 2, 2025
    • Soleno Therapeutics (SLNO) provides update on U.S. launch of VYKAT XR and reports first quarter 2025 financial results
    • Syndax Pharmaceuticals (SNDX) announces that data from the pivotal Phase 2 portion of the AUGMENT-101 trial of revumenib, a first-in-class menin inhibitor, in patients with relapsed or refractory mutant NPM1 acute myeloid leukemia have been published in Blood
    • Tesla (TSLA) Robotaxi and Cybercab trademarks have run into issues ahead of launch, according to Tech Crunch
    • TTM Technologies, Inc. (TTMI) launches five new high-performance radio frequency components to meet the growing demands in telecom, test and measurement, and COTS Mil-Aero Applications
    • Veeco Instruments (VECO) announces its received over $35 mln of orders for its AP300 Lithography systems in recent quarters from a wide-range of IDM and OSAT customers
    • Vertical Aerospace Group (EVTL) and Honeywell (HON) announces the signing of a new long-term agreement that expands their existing partnership and reinforces Honeywell’s commitment to the certification and production of Vertical’s electric vertical take-off and landing aircraft, the VX4
    • Viatris (VTRS) announces positive top-line results from two pivotal phase 3 studies of novel fast-acting meloxicam (MR-107A-02) for the treatment of moderate-to-severe acute pain
    • Viridian Therapeutics (VRDN) receives FDA Breakthrough Therapy Designation for Veligrotug for the Treatment of Thyroid Eye Disease (TED)
    • Western Digital (WDC) has hired Kris Sennesael as Chief Financial Officer effective May 12, 2025
  • Upgrades:
    • Advanced Micro Devices (AMD) upgraded to Buy from Hold at DZ Bank, tgt $118
    • American States Water (AWR) upgraded to Equal Weight from Underweight at Wells Fargo; tgt $84
    • Banco Bradesco (BBD) upgraded to Buy from Neutral at BofA Securities
    • Certara (CERT) upgraded to Overweight from Equal Weight at Barclays; tgt $14
    • Charles River Laboratories (CRL) upgraded to Outperform from In Line at Evercore ISI, tgt $170
    • International Flavors & Fragrances (IFF) upgraded to Overweight from Equal Weight at Barclays, tgt $84
    • Mosaic (MOS) upgraded to Outperform from Sector Perform at RBC Capital, tgt $40
    • OppFi (OPFI) upgraded to Outperform from Market Perform at Citizens JMP, tgt $13.50
    • Rockwell Automation (ROK) upgraded to Neutral from Underweight at JPMorgan, tgt $271
    • Taboola (TBLA) upgraded to Buy from Neutral at B. Riley Securities, tgt $4
  • Downgrades:
    • Archer Daniels Midland (ADM) downgraded to Underperform from Neutral at BofA Securities, tgt $45
    • Axalta Coating Systems (AXTA) downgraded to Neutral from Overweight at JPMorgan, tgt $32
    • Amgen (AMGN) downgraded to Hold from Buy at Erste Group
    • Coty (COTY) downgraded to Hold from Buy at Canaccord Genuity, tgt $5
    • Geron (GERN) downgraded to Sector Perform from Outperform at Scotiabank, tgt $1.50
    • Hain Celestial (HAIN) downgraded to Market Perform from Outperform at Bernstein, tgt $1.50
    • Hillenbrand (HI) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
    • Myriad Genetics (MYGN) downgraded to Peer Perform from Outperform at Wolfe Research
    • NextEra Energy (NEE) downgraded to Hold from Buy at Erste Group
    • Sarepta Therapeutics (SRPT) downgraded to In-line from Outperform at Evercore ISI; tgt $50
    • Seres Therapeutics (MCRB) downgraded to Neutral from Buy at Chardan Capital Markets, tgt $6
    • Uber (UBER) downgraded to Neutral from Outperform at Wedbush; tgt $85
  • Others:
    • Boston Scientific (BSX) reinstated with a Buy at Erste Group
    • Centessa Pharmaceuticals (CNTA) initiated with a Buy at Chardan Capital Markets, tgt $30E
  • Econ Data (Friday):
    • There is no U.S. economic data of note
  • Earnings:
    • Monday (May 5)
      • Pre-Market: ARES BCRX BNTX CNA CMI FRPT HSIC IART JBTM NSSC OCUL ON PK RXRX RLJ TGTX TWST TSN ZBH
      • After-Hours: ADUS ACM AL AMRC AESI BRBR BCC BFAM BWXT CBT CE CERT CLX CORT CRBG CTRA DENN FANG DORM PLOW ETD EVER FN F GBDC HIMS IAC ICHR NGVT INSP IPAR JELD KRC LSCC LMB LTC MATX MAT MWA NHI NSA NVTS NBIX NMFC NJR OGS OTTR PLTR PLMR PAY PLYA PRAA PRIM O RRX RLAY SBRA SUI SNDX TALO TDW TTAM UPWK VVX VRTX VMEO VNOM VNO WMB
    • Tuesday (May 6)
      • Pre-Market: AHCO ADM AEP ARMK AROC ARRY ATKR AVNS AVNT ACLS BALL CCCS CIGI CEG CRMD DDOG DOCN DRVN DCO DUK ERJ ENR NPO EVGO FIS FWRG IT GENI GPN GFS HRMY INGR IPGP IQV J KBR KNF KTB KRYS LCII LEA LDOS LMND LPX MSGE MPC MAR MFA MPLX NWN NOVT OMCL BTU MD PHG PTLO PINC SEE SHLS SEDG SUN SHO BLD TDG THS ULS UNIT WAT WEC KLG XMTR XPEL ZTS
      • After-Hours: AMD AGL ALGT AFG ANDE ACA RCUS ANET AIZ ALAB AZEK BL CDRE CRC CC CHRD CRUS CPAY CRSR COTY CPNG CYTK DVN DHT DEI EA ET EXPI FLYW FBIN GEN LOPE GO HALO HLIO HMN INVX INTA IFF JKHY JAMF JAZZ JJSF KGC KVYO KLIC LCID LITE MTW MASI MRCY MOS MRC MYGN NRDS OVV PARR POWL PTCT QLYS RDFN REZI RVLV RIVN SAFE SRPT WTTR SMCI SUPN TEM TDC BWIN RARE UPST VRNS VSTS VOYA VSEC WY
    • Wednesday (May 7)
      • Pre-Market: GOLF ADNT APLS ASC AVDL AVDX AVA AXTA AZTA BAND GOLD ONC BSY TECH BLMN BWA BRKR BG CDW COR CTRI CEVA CRL CNDT DAY DK DIN DNOW EPC ELAN EMR ENTG FVRR FLEX FTS GEO GERN HAIN HNI JCI JLL KMT LNTH LFST LIVN MAGN MKTX MCFT MIDD EYE NYT NI ODP OSCR OC PGY PAYO PFGC PRGO RYTM ROK RXO SABR SHOP SWX SHOO TPB TBLA TEVA TPG TRMB TRIP UBER U VRSK VERX DIS
      • After-Hours: ACAD ACVA ADMA ADTN AOSL AMC DOX AWR AMPL APA APP ARM ATO CAR AXON BGS BTG BBSI BYND BKH BLBD BHF BV BMBL CVNA CENT LEU CF CPK CIVI CLF CDE COHR CMP CON CPA CORZ CXW CTVA CXT CSGS CW DGII DASH BROS ECPG ERII EPR ESE ESTA EVTC EOLS EE FSLY FNF FLNC FLUT FTNT FWRD FSK GNK G GDRX GT GXO HRB HLI HHH HP INFA IIPR IONQ JXN JOBY KMPR KNTK KGS KTOS KD LB LZ LNW MGNI MFC MQ VAC MIRM MKSI MUR MUSA NATL OXY KAR OEC ORA PAAS PAYC PR PBI PRI QTWO QGEN QDEL QNST RDWR RBA RELY RVMD ROOT RGLD RXST SDGR SNDK SBGI SITM STR SWKS SONO STAA RUN SYM TTEK TPC USPH UGI VECO VCYT VRRM VIR VSH WTS WES Z
    • Thursday (May 8)
      • Pre-Market: ACIW ACMR ALIT ALGM ALE ATUS COLD APPN ARHS ASPN ATHM BCE BIGC BUD CG CARS LNG CHH YOU CCOI COP CNR CROX ENOV EPAM EVRG FA GEL GTN GPRE HAE HBI HIMX INSM IBP NTLA INSW JBI KVUE KRP DNUT LAMR LTH LGND LNC MTSI MBUU MTCH MMS MDU TIGO TAP NABL VYX NTCT NXST NOMD NVMI NTR OLPX OMI PZZA PTON PENN PLNT PLTK PBH PRMB PRVA QSR SPNS SCSC SRE SN FUN SGI SPB STGW STVN SSYS TPR TGLS TGNA USFD VVV VCEL VTRS VITL WRBY WBD WMG WWW XRAY YETI
      • After-Hours: FLWS TXG ATGE AFRM AKAM ALRM LNT AHR AMN AAOI ARLO AGO ASTH AVPT BBDC BILL CARG CLNE CLSK NET COIN COLL CRNX DH DIOD DV DKNG DBX EVCM EVH EXPE FRT FIGS FOXF FNV FNKO GMED GDOT HUBG HUBS ICUI ILMN INOD IOSP PODD FROG LPLA LYFT MARA MCK MTUS MCHP MITK MELI MP NTRA NWSA LASR OLO OS ONTO OUT PCRX PARA PINS POST PGNY PUBM RXT RNG RKT RKLB ST SOLV SOUN SPT SG SYNA TXRH TTD TKO TOST TMDX TMCI TREX VREX VCTR WEST WOLF XPOF YELP ZD ZIP ZYME
    • Friday (May 9)
      • Pre-Market: AQN AMR AMCX ANIP CLMT ROAD EMBC ENB ESNT GOGO KOP KYMR PAR PBA PAA STWD SLF SLVM WULF TXNM
      • After-Hours: HE
      General Motors: 5,000 members at GM's Arlington, TX assembly plant join UAW strike
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