Today’s Stocks to Watch: Boeing, Bank of America, and J&J
Key Points To Watch Out For:
- Boeing shares fell following China’s delivery block.
- LVMH fell due to weak quarter sales and reduced demand in China.
- Bank of America rose 2% after exceeding profit estimates.
Boeing shares fell almost 3% in the premarket after China instructed its airlines to stop new orders for the company’s aircraft and to curb purchases of equipment from US suppliers, as reported by Bloomberg.
Boeing (BA): China Suspends Deliveries and Presses for Action
Boeing shares fell almost 3% in premarket trading after China instructed its airlines to stop new orders for the company’s aircraft and to curb purchases of equipment from U.S. suppliers, according to a Bloomberg report.
Allegro MicroSystems (ALGM): Drop After Takeover Bid Withdrawal
Allegro plummeted 12% after On Semiconductor (Onsemi) announced it was withdrawing its takeover bid, generating uncertainty about the future of the chip manufacturer.
LVMH (MC): European Luxury Hit by Trade Tensions
LVMH fell in Paris after posting quarterly sales below expectations, affected by weak consumer demand in China and ongoing global trade tensions. Burberry and Kering, owner of Gucci, also saw declines.
Stellantis (STLA): Tariff Reprieve Boosts Automotive Sector
Stellantis rose nearly 5% in Italy, leading a rally in automakers after President Trump suggested the sector could receive tariff exemptions. In Japan, Toyota advanced 3.7%.
Bank of America (BAC): Solid Results Boost Stock
Bank of America rose 2% in premarket trading after reporting stronger-than-expected quarterly earnings, continuing the positive trend set by JPMorgan and Wells Fargo.
Johnson & Johnson (JNJ): Sales Rise, but Tariff Impact Persists
J&J raised its sales guidance for 2025 while maintaining its earnings outlook. The company also projected $400 million in tariff-related costs for the year, highlighting the ongoing impact of trade measures.
Ericsson (ERIC): Sales Jump on Advance Orders Before Tariffs
Ericsson rose approximately 6% in Stockholm after reporting that customers in North America had accelerated orders for network equipment to avoid upcoming tariffs.
MP Materials (MP) and USA Rare Earth (USAR): Strategic Support Lifts Shares
Shares in both rare earth companies climbed following reports that President Trump plans to increase strategic reserves of critical minerals to reduce dependence on China.
Netflix (NFLX): $1 Trillion Market Cap Ambition Fuels Optimism
Netflix rose more than 2.5% in premarket trading after The Wall Street Journal revealed the company aims to more than double its revenue and achieve a $1 trillion market capitalization by 2030.