Stocks rise as investors consume strong income and economic data. S&P 500, Nasdaq is on track due to record highs

Salepta is soaring to a reorganization plan

10 minutes ago

Stock in drug developer Salepta Therapeutics (SRPT) surged Thursday following late news that the company will shrink its workforce and suspend several development projects as part of its restructuring plan.

The plan aims to “prioritize high-value impact programs, meet financial obligations for 2027, and support long-term financial viability,” according to the company. CEO Doug Ingram said in a statement that the latest move “ensures that we will remain a financially strong and profitable organization built on a sharply focused strategy.”

Sarepta’s shares have grown by 18% in recent trading, but have fallen more than 80% since its launch in 2025. The shares are trading at less than $22 more than a year after they commanded $160 per share.

Part of the reason that stock fell so dramatically: two patients who were using Elevedi medication for Duchenne muscular dystrophy died from acute liver failure, contributing to the decision to stop cargo for some patients. The company said Wednesday it continues to work with the Food and Drug Administration on researching how to label Elevidi and how to ensure its safety.

Meanwhile, Wall Street analysts seem to think there is more recovery in place. According to Visible Alpha, the average price target for stocks is close to $37.

-David Marino-Nachison

GE Aerospace shares slip despite strong revenue

22 minutes ago

GE Aerospace (GE) raised its annual outlook and reported second-quarter results better than analysts expected.

The former General Electric division said that adjusted revenue is expected to grow in the mid-term this year until the low digits this year, but the adjusted EPS is projected to between $5.60 and $5.80. GE Aerospace has lifted its long-term targets, including revenue and profitability expectations for 2028.

The company reported a 21% jump in revenue for the second quarter at the same time a year ago, but earnings per share were $1.66. Both were better than analysts expected, according to visible alpha estimates.

Second quarter revenues rose 30% in GE Aerospace’s commercial engine and services segment. This is because the company evaluated the strong demand for new engines and spare parts and repairs for older engines.

The stock has dropped by about 1% in recent trading and has given up early profits since release. They added nearly 60% since the beginning of the year.

-Aaron McDade

Abbott’s shares fall in revised Outlook

1 hour 24 minutes ago

Abbott Laboratories (ABT) scrapped its shares on Thursday after drugmakers narrowed their full-year outlook, even posting quarterly results more than expected as demand for Covid-19 testing fell.

Among the worst performers of the S&P 500, stocks have fallen almost 9% in recent trading. Still, they’ve added about 6% since the beginning of the year.

The company says it is adjusting revenues of between $5.10 and $5.20 per share, compared to its previous outlook of $5.05 to $5.25 per share.

In the second quarter, Abbott’s diagnostic unit sales fell 1% year-on-year to $2.28 billion, down owing to testing Covid-19 sales, slipping in between 46% and $55 million. Nutrition segment sales rose 2.9% to $2.21 billion, and the established drug sector rose 6.9% to $1.38 billion.

Overall, the second quarter adjusted EPS was $1.26, with revenue rising 7.4% to $111.4 billion. Both numbers exceeded the analyst’s predictions compiled by the visible alpha.

CEO Robert Ford said the company sees it as strong in the first half of the year and “there is this momentum in 2026.”

TSMC will rise as the chip giant boosts revenue outlook

1 hour 40 minutes ago

Taiwan Semiconductor Manufacturing Co. (TSM) has raised its annual revenue growth forecast to around 30%, with AI demand fueling its largest contracted chip manufacturer in the world.

The shares of the company that works with Tech Heavyweights Apple (AAPL) and Nvidia (NVDA) have risen 4% in recent trading. Since its launch in 2025, the stock price has risen 25%.

According to a transcript provided by Alphasense, TSMC CEO CC Wei expects revenues to rise by around 30% in 2025 on the US dollar terms, TSMC CEO CC Wei said in the company’s second quarter revenue call. In April, Wei said he hopes chipmakers’ full-year revenues will increase “nearly mid-20s.”

The chipmaker said revenues are expected to be between $31.8 billion and $33 billion in the third quarter. At the midpoint of the range, it was higher than the consensus estimate of the new Taiwan Dollar of 93.204 billion, or visible alpha of about $31.67 billion.

Meanwhile, the company has registered new Taiwan Dollar revenues with earnings per share of 15.36 per share for revenues that rose 39% year-on-year to NT93.379 billion. Analysts voted by the visible Alpha expected $14.6 and NT$92.979 billion, respectively.

– Nisha Gopalan

Pepsico will skyrocket after better results than expected

3 minutes and 3 minutes ago

Pepsico (PEP) stocks surged after the drink and snack giant confirmed its outlook on Thursday, posting better quarterly results.

The makers of Pepsisoda and Doritos and Cheats Chips reported an adjusted profit of $2.12 with sales of $22.73 billion. Analysts surveyed by visible Alpha were expecting $2.06 and $223.5 billion, respectively.

“While our international business momentum continued, North American companies have improved their execution and competitiveness across key subcategories and channels,” said CEO Ramon Laguarta. North American revenues increased 1% year-on-year, but volume fell 2%.

Pepsico said it continued to expect the EPS to be “almost even in the previous year” under certain currency terms. The company also forecasts a previous 3% decline forecast, compared to a 2025 core EPS falling 1.5% year-on-year, with Laguarta predicting its weaker US dollar for improved revenue forecasts.

“Our net revenue growth and the acceleration of the last quarter encourage our companies to effectively navigate difficult environments,” Lagualta said.

Pepsico’s shares have recently risen more than 6%, and were one of the big winners of the S&P 500 on Thursday.

– Nisha Gopalan

Why MP material is slipping after a surge in recent weeks

4 hours 15 minutes ago

Hot companies are cashing out and their stocks are declining.

After nearly doubled its value last week and closed at a record high on Wednesday, MP Materials (MP) shares have sunk after Rare Earths Miner announced plans to sell new shares.

MP’s shares began moving lower after yesterday’s closing bell when they said they were planning to raise at least $500 million through the sale of new shares. Earlier on Thursday, the company announced another release, which announced it would sell more than $55 per share for just $650 million.

MP Materials shares fell more than 5% in early trading today after closing at $58.55 on Wednesday.

The company said it plans to use revenues “to fund the acceleration and expansion of our business” along with “opportunities for strategic growth and general corporate objectives,” including the construction of a second domestic magnet manufacturing facility.

MP Material stocks have been rising recently as the company announced investments from the Department of Defense and Apple (AAPL). The Trump administration has said it is a priority to not let the US rely on other countries for the materials used in various technologies and products.

-Aaron McDade

Look at these AMD levels as stocks continue to surge

4 hours 47 minutes ago

It rose again on Wednesday amid optimism about the company’s plans to resume exports of MI308 chips to China after receiving final approval from US authorities.

The U.S. Department of Commerce reports that it has notified the company that it will re-check its license application to exceed AMD shares sent in China by more than 6%. The shares won an additional 3% on Wednesday, closing at around $160, the highest level since late October.

Rival chip giant Nvidia (NVDA) announced late Monday that it plans to resume exports of H20 chips to China after receiving guarantees from the Trump administration that restrictions imposed in April will be lifted. AMD previously expected to face up to $800 million in fees related to exporting MI308 chips, but Nvidia had expected the curb to cost $5.5 billion.

AMD stocks have more than doubled since their annual low in early April. So far in 2025, the stock price has risen 33%, surpassing Nvidia’s 28% profit since the start of the year.

AMD will post stocks above the formation of a tight rectangle during Tuesday trading session, laying the foundation for ongoing movement. Importantly, the breakout occurred at the highest volume since mid-June, suggesting that it will buy convictions from larger market participants. Additionally, the relative strength index checks bullish momentum, but the reading takes place beyond the indicator’s 70 threshold, causing excessive conditions to flash.

It is also worth noting that the 50-day moving average formed a golden cross above the 200-day MA on Wednesday, marking a chart signal indicating a high new trend.

Investors will need to watch the main overhead areas of AMD’s charts for $187 and $215, but they will also need to monitor key support levels close to $148 and $123.

Read the complete technical analysis here.

– Timothy Smith

Mixed major index futures

5 hours ago 5 hours ago

Futures tied to the Dow Jones industrial average have recently fallen 0.2%.

S&P 500 futures have fallen.

Nasdaq 100 futures rise in fragments.