Markets are mixed this afternoon, as eyes remain on President Trump's stalling of his decision to back Israel in its war with Iran, saying a choice will be made within two weeks.
Stocks can just pull back right now or they can scream to new highs. They certainly don’t have to follow my scenarios although that would be nice and easier.
Circle stock surges as analyst initiates coverage with Buy rating and $235 price target, predicting growth in stablecoin adoption, stablecoin market cap, and Circle's revenue and EPS by 2026.
TikTok has strongly refuted claims that it purchased $300 million worth of Official Trump (CRYPTO: TRUMP), the meme coin, to influence U.S. President Donald Trump.
Shares of global professional services company Accenture (NYSE:ACN) fell 7% in the afternoon session after the company reported weak first quarter 2025 (fiscal Q3) results: bookings in the quarter (a leading indicator of revenue) missed and EPS guidance was just in line.
Shares of used automotive vehicle retailer Carmax (NYSE:KMX)
jumped 5.8% in the afternoon session after the company reported impressive fiscal first-quarter 2026 results, which beat analysts' same-store sales and gross margin expectations. This led to nice EPS outperformance versus Wall Street's estimates. Growth was driven by a ramp in volumes of retail used and wholesale vehicles sold. Overall, this was a solid quarter, showing management is executing as expected.
Shares of american firearms manufacturer Smith & Wesson (NASDAQ:SWBI)
fell 19.1% in the afternoon session after the company reported disappointing first quarter 2025 (fiscal Q4) results as its revenue, EPS, and EBITDA fell short of Wall Street's estimates.
Shares of database as a service company Couchbase (NASDAQ: BASE)
jumped 31% in the afternoon session after the company agreed to be acquired by Haveli Investments in an all-cash deal valued at approximately $1.5 billion.
Shares of building materials distributor GMS (NYSE:GMS) jumped 26.2% in the afternoon session after Home Depot joined QXO in a bidding war to acquire the company.
Shares of contract logistics company GXO (NYSE:GXO)
jumped 11.3% in the afternoon session after the company provided impressive preliminary financial forecasts and raised its full-year 2025 guidance for organic revenue growth, adjusted EBITDA, and adjusted diluted EPS. This upward revision reflects better-than-expected performance (volumes and accelerated productivity gains) and anticipated gains from the Wincanton acquisition.
The company stated that the potentially impacted files include claims information, health information, Social Security numbers, and other sensitive personal details.
Shares of AST SpaceMobile are trading higher by 29% this week. The satellite-to-smartphone communications company is set to join the Russell 1000 Index on June 27.
The narrative surrounding the “dollar’s death” as the world’s reserve currency has been on the rise recently. However, this happens whenever the dollar declines relative to other currencies.
The Tesla narrative has increasingly shifted to the robotaxi, with investors likely more focused on the planned June 22 pilot launch in Austin and the company's path to scaling autonomous vehicles, according to the firm.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top gainers and losers in today's session.
