Ferguson Enterprises – Ferguson Enterprises – stocks surged 15% after the cooling solutions company reported third-quarter adjusted revenue of $2.50 to $2.50 per share, according to Factset. Ferguson’s $7.62 billion revenue also surpassed the $7.42 billion estimate. The company also slightly increased its full-year revenue growth guidance. Sitio Royalties – Minerals and Royalties Company rose 16% after agreeing to be acquired by Viper Energy, a subsidiary of Diamondback Energy. The transaction worth approximately $4.1 billion is expected to close in the third quarter. Both Viper and Diamondback Energy shares were around 4%. ECHOSTAR – Telecommunications stocks slipped 6% over 6% after ECHOSTAR disclosed in a regulatory filing. This is a series of notes from company Dish DBS that said it would not win a cash interest payment of approximately $183 million. Echostar said the non-payment was made in light of recent uncertainty brought by the Federal Communications Commission. Factset Research Systems – The stock slipped nearly 5% after the financial data provider announced that the board had appointed Sanoke Viswanathan as CEO. He will inherit Phil Snow in early September. Signet Jewellers – Stocks skyrocketed 10% after the world’s largest diamond retailer reported revenue and revenue beats. Signet’s first quarter adjusted revenues were $1.54 billion in revenue of $1.18 per share, breaking the fact set consensus estimates of $1.00 per share and $1.52 billion in revenue. Dollar General – Discounted retailer stock jumped over 14% after the company raised its full-year outlook, with updated guidance saying it expects the current tariff rate to remain until mid-August. Dollar General also reported strong first quarter revenue. The company posted revenue of $1.78 per share to $10.444 billion, with analysts voted by LSEG seeking earnings of $1.48 per share and revenues of $10.3 billion. HIMS & HERS HEALTH – Stocks flow around 2%. On Tuesday, Telehealth Platform announced its acquisition of Europe’s Zava. This transaction increases the active customer base of HIMS & HERS Health by approximately 50%. Constellation Energy – The energy giant added 1% to news that the metaplatform has entered into a 20-year agreement to buy nuclear power from Constellation. Meta will purchase approximately 1.1 gigawatts of electricity from Clinton Clean Energy in Constellation in Illinois from 2027. Vistra and NRG Energy stocks popped 5% and 1% in tandem, respectively. Bumble – Dating app inventory lost 4% to underweight from Neutral behind JPMorgan’s downgrade background. JPMorgan said Bumble is losing market share to its competitor Hinge. Pinterest – Stock added 4% after JPMorgan upgraded its social media platform from neutral to overweight. The bank said Pinterest has made progress on improving monetization and adding new users. CREDO Technology – High-speed connectivity stocks rose 17% after a product developer reported that demand was seen stronger than it was from ultra-fast users. CREDO also led Fiscal Fiscal’s first quarter revenues between $185 million and $195 million, surpassing the $162.4 million analyst voted by Factset. Block – Fintech Stock added over 2% after Evercore ISI upgraded to Outperform. The company wrote that it became more positive after discussing with the Bullock management about funding the entire lending portfolio. Parsons – Stocks rose 6% despite defensive technology companies cutting revenue prospects for 2025. For reasons, Parsons cited a reorganization within the State Department that contributed to increased uncertainty over confidential contracts. – Reported by CNBC’s Michelle Fox, Alex Hurling and Pier Singh.
The biggest movements are day and night, BMBL, DG, SIG, and pins
