Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 3.3% in the morning session after reports showed the electric vehicle maker's U.S. sales hit a 10-month high in July. The company recorded over 4,200 vehicles sold, which marked a 20% jump from June.
Shares of american restaurant chain BJ’s Restaurants (NASDAQ:BJRI)
jumped 3.2% in the morning session after Benchmark upgraded the stock to Buy from Hold and set a new price target of $44. The upgrade followed the company's recent strong second-quarter financial results. BJ's reported earnings per share that significantly beat analyst expectations, and revenues also surpassed forecasts. This performance was driven by a notable increase in customer traffic. The positive sentiment echoed elsewhere on Wall Street, as research analysts at William Blair also increased their full-year earnings estimates for the restaurant chain, citing the strong quarterly performance.
Shares of specialized equipment manufacturer for infrastructure and vegetation management Alamo Group (NYSE:ALG)
jumped 3.7% in the morning session after investment firm Baird upgraded the stock to 'Outperform' from 'Neutral'. The investment firm Baird raised its price target on the company to $260 from $209, which suggested a potential 24.4% upside. Baird pointed to a stabilizing market and growth opportunities in the utility and small tractor sectors as key reasons for its increased optimism. The firm also noted that lower dealer inventories likely spurred demand for Alamo's attachments. Furthermore, a recovery in hay and alfalfa prices bolstered the outlook for the company's Vegetation segment, while recent cost-cutting measures improved earnings forecasts.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.1% in the morning session after its board of directors approved a new multi-billion dollar compensation package for CEO Elon Musk. The package, which included an award of 96 million shares valued at nearly $30 billion, reassured investors by securing Musk’s continued leadership. This move was particularly significant because Musk had previously suggested he might develop products outside of Tesla if his ownership stake was not increased. The board's action came after a court had previously voided a different pay package. The stock's climb also occurred during a broader market upswing that lifted other large technology companies.
Shares of office furniture manufacturer Steelcase (NYSE:SCS) jumped 65.8% in the afternoon session after the company was acquired by HNI Corporation (NYSE: HNI) in a cash and stock deal valued at approximately $2.2 billion. Under the terms of the agreement, Steelcase shareholders received $7.20 in cash and 0.2192 shares of HNI common stock for each of their shares. The deal, expected to close by the end of 2025, resulted in HNI shareholders owning about 64% of the combined entity, while Steelcase shareholders retained the remaining 36%.
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 5.1% in the afternoon session after the company continued to rally on strong investor sentiment following its stellar second-quarter earnings report and optimistic future guidance. Last week, the social media platform posted revenue of $500 million, a 78% year-over-year surge that crushed analyst forecasts. Growth extended to its user base, as daily active unique visitors climbed 21%. The company also collected 47% more revenue per user. Following the results, Reddit issued an optimistic third-quarter revenue forecast, which prompted numerous Wall Street analysts to lift their price targets for the stock.
Shares of advertising software maker The Trade Desk (NASDAQ:TTD)
jumped 3.7% in the afternoon session after an analyst at BTIG reaffirmed a 'Buy' rating and raised the price target on the stock.
Holding company and industrial conglomerate Icahn (NYSE:IEP) missed Wall Street’s revenue expectations in Q2 CY2025, but sales rose 7.5% year on year to $2.37 billion. Its GAAP loss of $0.30 per share was significantly below analysts’ consensus estimates.
Anthropic revealed breakthrough research using "persona vectors" to monitor and control artificial intelligence personality traits, introducing a counterintuitive "vaccination" method that injects harmful behaviors during training to prevent dangerous personality shifts in deployed models.
When Wall Street turns bearish on a stock, it’s worth paying attention.
These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
Whether it be online shopping or social media, secular forces are propelling consumer internet businesses forward. But it’s not all sunshine and rainbows as consumer purchasing power can make or break demand.
This unpredictability is weighing on returns as the industry has posted a flat return over the past six months while the S&P 500 was up 3.3%.
