See which businesses are grabbing the most attention during noon trade.
After the United States and Mexico announced that tariffs against the latter nation will be postponed for a month, U.S. stocks are rising above their lowest levels.
Tyson Foods: Tyson Foods, the massive poultry and beef company, saw a 1.8% increase as its fiscal first-quarter earnings above forecasts.
Triumph—Upon hearing that the aerospace services provider would be purchased by affiliates of Warburg Pincus and Berkshire Partners, shares of the company surged 34%.
IDEXX Laboratories — After the veterinary healthcare business reported fourth-quarter revenue of $954.3 million, exceeding The FactSet estimate of $935.1 million, shares leapt 11%.
PVH – The stock fell 6.6%. Because of growing concerns about inventory risk and pressure from foreign exchange, Wells Fargo downgraded PVH from overweight to equal weight, stating that the clothing company that owns Tommy Bahama and Calvin Klein feels like a value trap.
Tempur Sealy – Following a court ruling that permitted it to purchase Mattress Firm, shares surged 5.4%. The Federal Trade Commission’s attempt to stop the deal was rejected by a judge.
Owens & Minor — Following the release of preliminary quarterly results and a non-cash goodwill impairment charge of approximately $310 million, the shares fell 28%.
The index fund that tracks Mexican stocks, iShares MSCI Mexico ETF (EWW), surged 2.2%, recovering earlier losses following Trump’s announcement that tariffs on the U.S. neighbour to the south will be postponed by one month.
The index fund that tracks Canadian stocks, the iShares MSCI Canada ETF (EWC), dropped 1.6% as investors considered the possible effects of the tariffs that were announced over the weekend.
Prologis— Following the company’s recent outperformance following solid quarterly results and conflicting 2025 outlook, Raymond James downgraded the real estate investment trust from outperform to market perform, causing shares to drop 1.7%.
Source (CNBC)