News

Intel stock surged Monday following a report on incoming CEO Lip-Bu Tan's plans to turn around the struggling chipmaker.

Investors are hearing a lot these days from Trump economic officials such as Scott Bessent about tariffs and the benefits of a market correction and not as much about the push for tax cuts.

Tesla shares slid Monday as Mizuho analysts trimmed their price target for the stock, pointing to weakening demand and headwinds from China, amid tariff uncertainty.

Shares of government IT services provider Science Applications International Corporation (NASDAQ:SAIC) jumped 11.7% in the morning session after the company reported impressive fourth quarter 2024 (fiscal 2025) results, which blew past analysts' sales and earnings estimates.

Shares of computer processor maker Intel (NASDAQ:INTC) jumped 8.5% in the afternoon session after a Reuters report revealed that the new CEO Lip-Bu Tan planned to introduce a series of measures to drive value. Some of the measures include "a cutback on middle management, improvement in the company's chip-manufacturing performance, and the introduction of new semiconductors to power artificial intelligence servers." The stock's reaction suggested that the market interpreted this as positive news

Shares of biopharmaceutical company Incyte Corporation (NASDAQ:INCY) fell 15.2% in the pre-market session after the company released phase three trial data for a skin condition treatment, which fell below Wall Street's expectations. According to the data, the drug was effective for less than half of the participants who took it in the trials.

Shares of young adult apparel retailer American Eagle Outfitters (NYSE:AEO) jumped 7.1% in the afternoon session after the company announced it would buy back up to $200m of its common stock. This represents approximately 18.1 million shares, at the closing price on March 14, 2025, or roughly 9.5% of the company's fully diluted outstanding stock. This announcement underscored management's focus on returning the value generated by the business to its shareholders.

Berkshire Hathaway increased its holdings in Japan's five biggest trading houses after agreeing to gradually lift its holdings beyond 10%.

Yang Ming Transport Corp. said the Red Sea crisis and emerging Asian markets helped profit soar by nearly $2 billion in 2024. The post Yang Ming profit soars on Red Sea diversions, emerging Asia markets appeared first on FreightWaves.

Palantir shares were down slightly Monday after gaining ground last week for the first time in four weeks. Monitor these key support and resistance levels.