Shares of global car rental company Hertz (NASDAQ:HTZ) jumped 24.2% in the morning session after shares of car rental companies rose as the 25% tariffs announced by President Trump on all vehicles imported into the US suggested new vehicles might be more expensive.
Shares of customer experience solutions provider Concentrix (NASDAQ:CNXC) jumped 38% in the afternoon session after the company reported impressive first quarter 2025 results which beat analysts' EPS and EBITDA expectations. Adjusting for currency swings, revenue managed to inch up a bit, with momentum driven by demand for the company's AI offerings, and this could partly be responsible for the improved market optimism.
Shares of eyecare company Bausch + Lomb (NYSE:BLCO) fell 10.6% in the afternoon session after the company announced the voluntary recall of intraocular lenses on its enVista platform. The recall was due to the reports of toxic anterior segment syndrome (TASS, a potential complication in any cataract surgery). The recall may raise short-term concerns regarding product safety and regulatory scrutiny. Though the company emphasized that the reported cases of TASS involved only an extremely small fra
Shares of car rental services provider Avis (NASDAQ:CAR) jumped 21.1% in the afternoon session after shares of car rental companies rose as the 25% tariffs announced by President Trump on all vehicles imported into the US suggested new vehicles might be more expensive.
Shares of 3D printing company 3D Systems (NYSE:DDD) fell 19.9% in the afternoon session after the company reported weak fourth-quarter 2024 results, which missed across the key metrics we track, including sales, operating income, and earnings. The major highlight for the quarter was the steep 21% drop in Healthcare revenue, largely tied to a change in accounting in its Regenerative Medicine program, which masked positive momentum in other areas.
Shares of pet-focused retailer Petco (NASDAQ:WOOF) jumped 35.1% in the morning session after the company reported impressive fourth quarter 2024 results. Sales were in line with expectations, while EBITDA came in significantly ahead.
Shares of sensor manufacturer Sensata Technology (NYSE:ST) fell 7.2% in the afternoon session after semiconductor stocks with significant exposure to the auto sector fell after US President Donald Trump announced a 25% tariff on all vehicles imported into the United States. The move raised concerns about a potential slowdown in global auto production, which would likely dampen demand for semiconductors used in automotive manufacturing.
The sell-off might have to do with the convertible note pricing, while some speculated that it's a sign of investor disapproval of the bitcoin acquisition plans.
Earlier this week, analysts at Bank of America raised their price target on gold to $3,500 per ounce over the coming 18 months from a previous $3,000.
(Bloomberg) -- Automakers’ bonds weakened in US debt markets on Thursday after President Donald Trump slapped 25% tariffs on car imports and warned of a broader trade war ahead.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesAffordable Housing Developers Stalled by Blocked Federal FundsRisk premiums, or the
