Today’s Stocks to Watch: Amazon, Circle, and Boeing
Key Points To Watch Out For:
- Circle shares climb after crypto law passes.
- Airbus rises 2% after reporting higher future dividends.
- Amazon considers job cuts due to AI advances.
Hasbro (HAS): Layoffs Due to Restructuring and Tariff Pressure
Toy manufacturer Hasbro has announced the layoff of 3% of its workforce, amounting to approximately 150 employees. The move is part of a multi-year restructuring plan. The company, famous for Monopoly and Nerf, had already warned in April that tariffs could lead to job cuts, especially if trade tensions between the U.S. and Asia persisted.
Amazon.com (AMZN): Impact of AI on Long-Term Employment
Amazon revealed that it plans to reduce its workforce in the coming years due to advances in artificial intelligence. The company anticipates that various roles will be removed or automated, which would reshape the operational structure of multiple departments. This adjustment aligns with a broader trend in the tech sector toward algorithm-driven efficiency.
Circle (CRCL): Rises After Approval of the Genius Act
Circle shares gained in pre-market trading after the Senate passed the Genius Act, legislation aimed at regulating the cryptocurrency market. Newly listed on the stock exchange, Circle has been an active voice in advocating for clear regulations to legitimize stablecoins. The bill represents a major step toward institutional recognition for the crypto industry.
Boeing (BA): Doubts After Emergency Generator Discovery
The investigation into the crash of Air India Flight 171 revealed that the emergency generator was operational at the time of impact, raising concerns about the engine performance during takeoff. While Boeing has not yet issued an official statement, the incident adds to the manufacturer’s existing regulatory and reputational challenges.
Airbus (AIR): Dividend Increase Bolsters Market Confidence
Airbus shares rose 2% in European trading after the company announced plans to increase dividends in the coming years. The decision is backed by steady demand for commercial aircraft and consistent delivery targets. These strong financial results, which do not yet factor in the potential impact of tariffs, help solidify Airbus’s position relative to its U.S. competitor, Boeing.
La-Z-Boy (LZB): Tariff Pressure and Housing Market Weakness
La-Z-Boy reported mixed quarterly results and warned that ongoing tariff challenges and a weak housing market will continue to affect consumer demand. While some product categories performed well, the company noted that macroeconomic uncertainty will likely limit recovery in the near term.