Veradermics, a New Haven-based biotech firm developing hair loss treatments, saw its shares surge over 100% in its New York Stock Exchange debut on Tuesday. The company’s upsized initial public offering priced at $17 per share, raising significant capital as it advances a potential first-of-its-kind non-hormonal oral therapeutic for hair regrowth.
MGM Resorts International shares surged Wednesday after the company reported preliminary fourth-quarter results that comfortably exceeded Wall Street expectations. Driven by a sharp rise in casino revenue, the hotel and gaming operator expects to post a profit of $293.6 million, nearly doubling its performance from the same period last year.
Powell Industries shares jumped 19% to a 52-week high on Wednesday after the electrical equipment supplier reported a surge in new orders and first-quarter earnings that beat analyst estimates. The Houston-based company reached $540.00 in midday trading, marking a performance that has seen its valuation more than double over the past year.
Johnson Controls International shares climbed Wednesday after the industrial conglomerate reported first-quarter profits that surpassed expectations and raised its full-year earnings guidance, signaling sustained demand for its building and HVAC solutions.
Hershey is set to report its fourth-quarter results on Thursday morning, with Wall Street bracing for a significant drop in earnings despite a modest rise in revenue. As the confectioner grapples with historic spikes in cocoa prices, analysts polled by FactSet expect net income to plummet to $320.6 million, down from $796.6 million during the same period last year.
U.S. natural gas inventories are poised for a historic contraction following Winter Storm Fern, with analysts forecasting a record-breaking 374 billion cubic feet (Bcf) withdrawal for the week ended Jan. 30. This massive drain, fueled by a surge in heating demand and crippled production, is expected to flip the national supply from a comfortable surplus to a deficit against the five-year average.
Cigna Group is expected to report a significant jump in fourth-quarter profit and revenue on Thursday morning, driven by robust performance across its healthcare segments. While analysts polled by FactSet anticipate a net income of $1.74 billion, the health insurance giant faces mounting scrutiny over its pharmacy-benefit margins and a shifting regulatory landscape for Medicare Advantage.
U.S. crude oil futures reversed early gains on Wednesday, turning lower after Energy Information Administration data revealed rising gasoline stocks and a weather-induced slump in demand. While a severe cold snap triggered a significant drop in domestic production, the supply contraction failed to offset bearish signals from the refined products market.
Suncor Energy shares advanced on Wednesday after the Canadian oilsands giant reported fourth-quarter earnings that surpassed analyst estimates, fueled by record upstream production and refining volumes. The Calgary-based producer achieved its multi-year financial targets a full year ahead of schedule, signaling a successful operational turnaround under its current leadership.
Aurora Cannabis shares tumbled Wednesday after the Canadian producer reported a nearly 50% plunge in consumer sales, prompting a strategic retreat from retail markets to prioritize its higher-margin medical division.
Toronto stocks edged lower on Wednesday as a sharp contraction in Canada’s services sector dampened investor sentiment, overshadowing a series of upbeat earnings reports and strategic leadership shifts. The S&P/TSX Composite Index fell 0.4% to 32270.76, while the blue-chip S&P/TSX 60 slipped 0.2% to 1870.45.
Bristol Myers Squibb is scheduled to release its fourth-quarter results Thursday morning, with analysts anticipating a slight revenue decline as the pharmaceutical giant navigates the expiration of key drug patents. While net income is expected to rise significantly from the previous year, the focus remains on whether the company's new product launches can effectively bridge the gap left by its aging blockbusters.
Kingstone Companies shares climbed 14% to $17.34 after the insurance holding company issued fourth-quarter and fiscal 2025 guidance that significantly outpaces prior-year results. The optimistic outlook reflects a sharp turn toward profitability driven by premium growth and refined risk selection.
The Federal Trade Commission has finalized a settlement with Express Scripts, resolving a lawsuit that accused the pharmacy benefit manager of driving up insulin costs through anticompetitive rebating schemes. The agreement mandates a shift toward lower-cost drug options and increased transparency, marking a significant move to reduce out-of-pocket healthcare expenses for millions of Americans.
European lawmakers have agreed to restart the ratification process for the 'Turnberry Deal,' a major trade agreement with the United States that stalled earlier this year following diplomatic tensions over Greenland. The move signals a de-escalation after the White House rescinded threats to impose tariffs on European nations.
Lamb Weston Holdings has appointed former Anheuser-Busch InBev executive Jan Craps as its first executive chair and named James Gray as its new chief financial officer. The management shakeup, announced Wednesday, signals a strategic pivot for the Boise-based potato giant as it seeks to accelerate growth and address demands from activist investors.
Valvoline shares surged on Wednesday after the automotive service provider reported first-quarter adjusted earnings that topped analyst expectations, successfully navigating a year-over-year swing to a net loss.
Performance Food Group (PFG) shares plummeted Wednesday after the food service distributor missed second-quarter earnings expectations and trimmed its full-year sales guidance, signaling a cautious outlook for the months ahead.
Kennametal shares surged 13% on Tuesday after the industrial tools manufacturer reported second-quarter sales and earnings that comfortably cleared Wall Street estimates. The rally, which pushed the stock to a new 52-week high, follows a period of robust growth as the company navigates shifting commodity prices and improving industrial demand.
ATS Corp. shares climbed Wednesday after the Canadian automation specialist reported third-quarter revenue that exceeded both internal guidance and analyst forecasts. Driven by organic growth across most segments and a rebound in order bookings, the company signaled resilience despite recent leadership transitions.
Industrial technology firm Fortive saw its shares jump 10.5% on Wednesday after reporting fourth-quarter earnings and a long-term profit forecast that surpassed Wall Street expectations.
U.S. crude oil inventories fell by 3.5 million barrels last week as production freeze-offs caused by Winter Storm Fern outweighed a surge in imports. According to data released Wednesday by the Energy Information Administration, commercial stockpiles dropped to 420.3 million barrels for the week ended Jan. 30, defying analyst expectations of a neutral reading.
USG Corp. has appointed Operating Chief Christopher Macey as its next president and CEO, effective April 1, 2026, following the planned retirement of current leader Christopher Griffin.
Reynolds Consumer Products shares rallied on Wednesday after the household staples manufacturer posted fourth-quarter revenue that topped Wall Street estimates. While the maker of Reynolds Wrap met earnings expectations, its stock jumped 12% to $24.46 in morning trading, recovering some ground after a year-long slump.
Boston Scientific shares plummeted on Wednesday after the medical device maker issued a first-quarter outlook that fell short of Wall Street estimates, overshadowing a strong finish to the previous fiscal year. Despite beating fourth-quarter earnings expectations, the company’s conservative short-term projections triggered the stock's sharpest intraday decline in over two decades.
Azenta stock plummeted Wednesday morning after the life sciences company reported a fiscal first-quarter loss that exceeded analyst projections. Despite a slight uptick in total revenue, the firm’s adjusted earnings fell short of Wall Street estimates, intensifying pressure on its valuation.
Shares of Adient jumped 13% on Wednesday after the automotive-seating manufacturer raised its long-term financial guidance, citing a more robust outlook for global vehicle production. The company now expects to outperform previous revenue and earnings projections for 2026, signaling confidence in its operational resilience despite a quarterly net loss.
Cencora shares tumbled Wednesday morning after the pharmaceutical distribution giant reported fiscal first-quarter revenue that fell short of analyst expectations, overshadowing a beat on adjusted earnings and an upgraded long-term growth outlook.
BNP Paribas is set to report its fourth-quarter 2025 results this Thursday, with analysts forecasting a jump in revenue to 12.86 billion euros ($15.20 billion) driven by retail strength and the integration of AXA IM. As the Paris-based lender navigates a shifting regulatory landscape, investors are laser-focused on whether the bank will accelerate its capital ratio targets or prioritize shareholder returns through dividends.
Silgan Holdings shares climbed 6.5% in Wednesday morning trading after the metal packaging provider reported fourth-quarter revenue and adjusted earnings that exceeded Wall Street estimates.
