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AMD upgraded, Adobe downgraded: Wall Street's top analyst calls

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.

Top 5 Upgrades:

Citi upgraded AMD (AMD) to Buy from Neutral with a price target of $575, up from $460. The firm says the company's graphics processing unit upside is not fully priced into the shares. JPMorgan upgraded Kratos Defense(KTOS) to Overweight from Neutral with a price target of $82, down from $99. The company's long-term growth outlook "remains compelling" with margins expanding, the firm tells investors in a research note. B. Riley upgraded FormFactor (FORM) to Buy from Neutral with an unchanged $165 price target. The 14% retreat in the stock price since the company's Analyst Day leaves a structurally higher growth and EPS generative business underappreciated and presents an attractive entry point, the firm tells investors in a research note. Goldman Sachs upgraded New Oriental Education(EDU) to Buy from Neutral with a price target of $65, down from $67. The stock's valuation is "too compelling to ignore," the firm tells investors in a research note. Citizens upgraded EPR Properties(EPR) to Outperform from Market Perform with a $70 price target. The company's newly established at-the-market offering plan "provides another tool for capital raising" while its operating portfolio is stable, the firm tells investors in a research note.

Top 5 Downgrades:

Wolfe Research downgraded Adobe (ADBE) to Peer Perform from Outperform with no price target. While the firm remains positively biased around the long-term strategic nature of both the creative and marketing cloud franchise, fiscal Q2 results were "thesis changing" as it now sees a less clear path around strategic changes during executive shifts, continued growth deceleration without meaningful margin leverage, and limited near to medium-term catalysts. Evercore ISI and Stifel also downgraded Adobe to Neutral-equivalent ratings. Barclays downgraded Travelers (TRV) to Underweight from Equal Weight with a price target of $295, down from $331. The firm says that with pricing softening, growth decelerating, and margin pressure building, earnings upside in the property and casualty insurance space is "becoming harder to find." BofA downgraded SailPoint (SAIL) to Neutral from Buy with an unchanged price target of $16 on concerns around growth durability and positioning given the company's narrow focus on identity governance in a market shifting toward broader platform based IAM and security offerings. Argus downgraded Eversource (ES) to Hold from Buy, citing the Federal Energy Regulatory Commission issuing an order that is reducing Eversource electric transmission return on equity by 100 basis points, with a reach-back period to 2011. Citizens downgraded Broadstone Net Lease(BNL) to Market Perform from Outperform without a price target. The firm says has "favorable sentiment" towards Broadstone's development funding platform, but says its leverage is sitting toward the high end of management's range.

Story Continues

Top 5 Initiations:

Bernstein initiated coverage of Monster Beverage(MNST) with a Market Perform rating and $95 price target. The firm cites valuation for the neutral rating, seeing only 5% upside from current levels. Bernstein also started coverage of PepsiCo (PEP), Colgate-Palmolive (CL), Elf Beauty (ELF), Procter & Gamble (PG) and Estee Lauder (EL) with Market Perform ratings. Bernstein initiated coverage of Celsius (CELH) with an Outperform rating and $44 price target. The firm believes the portfolio can sustain share in the U.S. as long as Alani continues to win share, and contends this will happen because of its outstanding brand equity, supported by its consumer survey results. Bernstein also started coverage of Keurig DR Pepper (KDP) with an Outperform rating. Freedom Broker initiated coverage of AT&T(T) with a Buy rating and $30 price target. The firm, which argues that the U.S. telecom and cable sector has entered 2026 at a more advanced stage of the convergence cycle than consensus had anticipated even a few quarters ago," believes T-Mobile (TMUS) is the strongest fundamental story on spectrum position, EBITDA growth rate, FCF margin, and balance-sheet flexibility, while it calls AT&T "a clear convergence story." The firm also started coverage of Verizon (VZ) but with a Hold rating. BofA reinstated coverage of Williams-Sonoma(WSM) with a Buy rating and $250 price target. Williams-Sonoma is in "a demographic sweet spot" as its "affordable luxury" positioning targets a core customer that supports relative resilience, says the firm, which expects the company will remain a structural share gainer. Lucid Capital re-initiated coverage of Core Scientific(CORZ) with a Buy rating and $40 price target. The company's "second act" is proving it has a scalable high performance compute platform, the firm tells investors in a research note.

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Casey’s General Stores, Inc. (Nasdaq: CASY) hat den Finanzexperten Stanley J. Sutula III in sein Board of Directors berufen. Mr. Sutula bringt über 35 Jahre Erfahrung in Corporate Finance, Financial Planning und Operations, Steuern, strategischer Planung und Risikomanagement mit. Er war seit 2020 Chief Financial Officer bei Colgate-Palmolive Company (NYSE: CL) und hatte zuvor Positionen bei Pitney Bowes Inc. (NYSE: PBI) und IBM Corporation (NYSE: IBM) inne.

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Investing.com -- Goldman Sachs sagte, dass die Aktienrenditen wahrscheinlich moderieren werden, nachdem sie stark gestiegen waren. Die Bank behielt jedoch einen Überwichtstand zu den Aktien über einen Zeitraum von 12 Monaten bei und riet Investoren, bei kommenden Rückschlägen zu kaufen.

Der Analyst Christian Mueller-Glissmann schrieb in einem Brief an die Kunden, dass Märkte größtenteils von der ersten Schockwelle des Konflikts im Nahen Osten genesen seien und Aktien seit Mitte April nahe historischen Höchstständen lägen. Dies werde durch starke Einnahmen aus Technologieunternehmen und AI-Kapitalaufwendungen unterstützt.

Allerdings präsentieren sich hohe Anleihenzinsen und Energiepreise weiterhin als Hürden.

Goldmans Risikoaufnahmeverhalten hat sich auf über 1,2 erhöht, sein höchster Wert seit 2021.

Die Bank warnte davor, dass ein hoher Sentimentlevel das Risiko von Korrekturen erhöhe, insbesondere angesichts einer konzentrierten Positionierung in globalen Technologieunternehmen.

"Sehr hohe RAI-Werte sind nicht unbedingt ein Signal für eine negative Entwicklung – die kurzfristigen Durchschnittsrenditen und Trefferquoten für positive Renditen sind etwas niedriger und das Risiko von Korrekturen tendiert zu steigen", schrieb Mueller-Glissmann.

Kurzfristige Risiken umfassen eine erneute Eskalation im Nahen Osten und die fortgesetzte Schließung des Straßens von Hormuz, die Goldman sagte, könnte weiterhin Druck auf Ölpreise und Zinsen ausüben.

Allerdings geht die Firma davon aus, dass sich die Inflation normalisieren wird und der Kanal wieder geöffnet ist, was eine Übergangsphase zu einem günstigeren makroökonomischen Umfeld unterstützen könnte.

"Nach dem starken aber engen Rally und mit unserem Risikoaufnahmeverhalten (RAI) über 1 zurück, sollten die Aktienrenditen moderieren und es besteht ein höheres Risiko von Korrekturen", schrieb Mueller-Glissmann.

"Allerdings bleiben wir mit unserer Makro-Basis und weiterhin guten Einnahmenwachstum, das durch AI-Kapitalaufwendungen unterstützt wird, für 12 Monate bei einem Überwichtstand zu den Aktien und würden bei kommenden Rückschlägen kaufen."

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Casey's General Stores (CASY), Church & Dwight (CHD) und Colgate-Palmolive (CL) gehören zu den am wenigsten attraktiv bewerteten großen und Mega-Cap-Unternehmen im US-Konsumgütersektor. Die Bewertung wird durch verschiedene Metriken wie P/E, PEG, Preis-zu-Umsatz- und Preis-zu-Kassenflussquoten ermittelt.

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Die Procter & Gamble Company hat eine Preisstrategie, die das Wachstum in 2026 unterstützen wird, obwohl sich der Markt herausfordernd gestaltet. Das Unternehmen nutzt seine starke Portfolio an vertrauenswürdigen Marken – einschließlich Tide, Pampers und Gillette – um sich gegen inflationsbedingte Druck und steigende Einkaufskosten zu behaupten. Um Margen zu schützen, führt es strategische Preissteigerungen für Premium-Produktlinien ein, während es durch kontinuierliche Produktinnovationen und Wertsteigerung der Marken die Kundenbindung aufrechterhält.

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Investing.com -- Die Besuche des US-Präsidenten Donald Trump in China vom 13. bis 15. Mai endeten mit einem "konstruktiven strategischen Stabilitätsrahmen" und einer Zusage, die Kommunikationskanäle zwischen Washington und Peking zu verstärken.

Während beide Führer während des ersten Besuchs eines amtierenden US-Präsidenten in fast zehn Jahren einen positiven Ton an den Tag legten, deutet ein Bericht von BofA Global Research darauf hin, dass die Ergebnisse auf schrittweise, taktische Fortschritte hindeuten und keine bedeutenden Durchbrüche darstellen.

Die Auseinandersetzung konzentrierte sich vor allem auf Risikomanagement und das Festigen bestehender Dialoge.

Wirtschaftliche Leistungen aus dem Gipfel konzentrierten sich auf politisch machbare "Schnellgewinne", angeführt durch erhebliche landwirtschaftliche Kaufzusagen. China verpflichtete sich, mindestens 17 Milliarden US-Dollar an jährlichem US-Landwirtschaftsprodukt durch 2028 zu kaufen, zusätzlich zu den 25 Millionen Tonnen Sojabohnen, die im Oktober 2025 zugesagt wurden. China erneuerte auch Exportlizenzen für über 400 US-Rinderfabriken und nahm wieder ausgewählte Hühnchenimporte auf. Auf der industriellen Seite betonte Präsident Trump potenzielle Aufträge von bis zu 750 Boeing-Flugzeugen und -Motoren. Um zukünftige Handel über nicht-sensiblen Sektoren zu managen, werden die Nationen ein US-China-Handelsrat gründen. Makroökonomische Koordinaten sahen marginal anpassende Änderungen vor. Der US-Finanzminister Scott Bessent deutete darauf hin, dass beide Seiten gemeinsame Zollreduzierungen erkunden, beginnend mit etwa 30 Milliarden Dollar nicht-kritischer Handel. Technologiepolitik bleibt ein Schlüsselaspekt für breitere Marktsentiment. Trotz früherer Berichte über erste Genehmigungen für begrenzte AI-Chip-Verkäufe an chinesische Firmen, gab Finanzminister Bessent an, dass es keine sofortige Aktualisierung zu breiterem Zugang gibt. Analysten bemerkten, dass China derzeit Prioritäten auf die Entwicklung von Chip-Technologie legt. Allerdings wird China US-Angelegenheiten über kritische Mineralien und seltene Erdenmangel ansprechen.

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Investing.com – Jefferies hebt langfristige Ölpreisaussichten an, argumentiert, dass die Vorlaufkurve die strukturellen Realitäten der globalen Energie Märkte nicht mehr widerspiegelt, aufgrund von Angebotsengpässen und zunehmenden geopolitischen Risiken für Energieinfrastruktur.

Jefferies hat seine langfristigen Ölpreisaussichten erheblich überarbeitet und argumentiert, dass die aktuelle Vorlaufkurve die strukturellen Realitäten der globalen Energie Märkte nicht mehr widerspiegelt. Der Broker hat seine Prognosen für WTI und Brent um 5 Dollar pro Barrel angehoben, wobei die Schätzung für WTI 2026 auf 81,79 Dollar pro Barrel erhöht wurde. Diese Anpassungen beruhen auf sich verschärfenden Angebotsengpässen und zunehmenden geopolitischen Risiken, die die Energieinfrastruktur betreffen.

Jefferies-Analysten glauben, dass die Vorlaufkurve am vorderen Ende übermäßig pessimistisch ist, da schätzungsweise 10–12 Millionen Barrel Öl, Kondensat und raffinierte Produkte effektiv ‘offline’ sind – größtenteils aufgrund der aktuellen Energiekrise und der Nutzung von schwimmendem Lagerbestand sowie der Freisetzung strategischer Reserven. Obwohl diese Maßnahmen die Preise vorübergehend gedämpft haben, erwarten die Analysten einen Anstieg der Frontmonats-Preise, um die Nachfrage zu reduzieren, da diese Puffer schwinden.

Umgekehrt halten die Jefferies-Analysten am hinteren Ende der Kurve die Preise zu niedrig, um eine ausreichende Angebotsreaktion zu erzeugen. Die US-Schieferölproduktion, die einst ein äußerst anpassungsfähiger Produzent war, hat sich auf Rentabilität konzentriert, was zu reduzierten Investitionen geführt hat. Selbst bei prognostizierten WTI-Preisen von 60 bis 70 Dollar im Jahr 2027 geben Energieverwaltungen wenig Anreiz, die Aktivität zu beschleunigen und betonen, dass die Preisdauer die Kapitalentscheidungen bestimmt.

Die Analysten prognostizieren für den US-Schieferöl ein flaches Wachstum im Jahr 2026 bei normalisierten Preisen und schätzen nur etwa 550.000 Barrel pro Tag zusätzliches Angebot bei 85 Dollar WTI. Sie argumentieren, dass dies nicht ausreicht, um die wachsende Nachfrage zu decken oder die erschöpften Vorräte wieder aufzufüllen.

Es wird auch ein bedeutender Wandel im Risikobewertungskonzept hervorgehoben. Die erhöhte Zugänglichkeit von kostengünstigen Drohnen und ballistischen Raketen, die Verteidigungsanlagen umgehen können, verändert grundlegend das Risikoprofil der globalen Energieinfrastruktur. Dies ist besonders relevant, da schätzungsweise 20 % des prognostizierten LNG-Wachstums um den Hormusstrang konzentriert sind, was das Risiko von Störungen erhöht.

Folglich wird von einer Verschiebung hin zu größeren Investitionen in physische Energieanlagen die Empfehlung ausgesprochen. Sie empfehlen, bei sinkenden Preisen hochwertige Öl- und Gasunternehmen zu kaufen ("buy on the dip"), in der Erwartung, dass sich der vordere Teil der Kurve senken wird, während sich der hintere Teil erhöht. Zu den genannten Top-Empfehlungen gehören Ovintiv, ConocoPhillips, EOG Resources und andere Unternehmen im Energiesektor.

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Investors looking for stocks in the Consumer Products - Staples sector might want to consider either Ahold NV (ADRNY) or Colgate-Palmolive (CL). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Currently, Ahold NV has a Zacks Rank of #2 (Buy), while Colgate-Palmolive has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that ADRNY is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

ADRNY currently has a forward P/E ratio of 14.96, while CL has a forward P/E of 21.94. We also note that ADRNY has a PEG ratio of 2.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CL currently has a PEG ratio of 3.93.

Another notable valuation metric for ADRNY is its P/B ratio of 2.65. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, CL has a P/B of 188.62.

These are just a few of the metrics contributing to ADRNY's Value grade of A and CL's Value grade of C.

ADRNY has seen stronger estimate revision activity and sports more attractive valuation metrics than CL, so it seems like value investors will conclude that ADRNY is the superior option right now.

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The Procter & Gamble Company’s PG next-generation Supply Chain 3.0 initiative is emerging as a critical pillar in the company’s long-term productivity and margin expansion strategy. As consumer demand patterns grow more volatile and retail channels become increasingly complex, PG is investing heavily in digital connectivity, automation and integrated data platforms to modernize its supply chain architecture. Management views this transformation not merely as an efficiency upgrade but as a structural advantage that strengthens service levels, reduces waste and improves cost discipline — factors that are increasingly vital in an inflation-sensitive operating environment.

At the core of Supply Chain 3.0 is the integration of real-time demand signals across retail partners with production planning and inventory systems. According to management commentary, the company has built supply chain platforms capable of autonomously reacting to retail demand signals, innovation cycles and productivity opportunities faster than traditional models allowed. This enhanced system connectivity enables better inventory positioning and reduces stock-outs while freeing up capacity and improving operational responsiveness. Leadership highlighted that the initiative connects the entire value chain — from purchase signals to production and delivery — helping ensure consumers consistently find products when and where they shop.

Supply Chain 3.0 could become a meaningful catalyst for margin resilience and long-term earnings growth. By improving automation, optimizing manufacturing and warehouse operations and reducing inefficiencies, PG expects productivity gains to help offset rising input costs and tariff pressures while funding continued brand investment. Over time, this digitally enabled supply chain framework should support stronger cash flow generation and improved cost leverage, reinforcing the company’s ability to expand margins even in uneven demand environments. If execution remains on track, Supply Chain 3.0 may prove to be one of PG’s most powerful structural advantages in sustaining profitability growth over the coming years.

Supply Chain Upgrades Power Margin Resilience at CHD & CL

Ongoing automation, network optimization and digital supply chain investments are helping both Church & Dwight CHD and Colgate-Palmolive CL strengthen cost control and support long-term profitability.

Supply chain modernization and productivity programs remain central to margin expansion efforts at Church & Dwight. The company continues to streamline manufacturing networks, automate production lines and optimize distribution routes to improve efficiency across its portfolio. These initiatives are helping offset persistent input cost pressures while supporting investments behind key brands such as ARM & HAMMER and THERABREATH. By leveraging data-driven demand planning and disciplined cost management, Church & Dwight is enhancing service levels and reducing operational waste, positioning its supply chain as a meaningful contributor to sustained gross margin improvement and long-term earnings growth.

At Colgate, supply chain optimization remains a critical component of its strategy to protect margins amid tariff risks and input cost volatility. The company continues to invest in network simplification, digital tools and localized sourcing to improve flexibility and reduce exposure to global disruptions. These efforts are enabling Colgate to manage inventory more efficiently, shorten lead times and enhance responsiveness to shifting consumer demand across regions.

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PG’s Price Performance, Valuation & Estimates

Procter & Gamble’s shares have lost around 5.3% in the past six months compared with the industry’s 6.5% decline.Zacks Investment Research

Image Source: Zacks Investment Research

From a valuation standpoint, PG trades at a forward price-to-earnings ratio of 19.9X compared with the industry’s average of 17.4X.Zacks Investment Research

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for PG’s fiscal 2026 and 2027 EPS indicates year-over-year growth of 2.1% and 4.6%, respectively. The company’s EPS estimates for fiscal 2026 and 2027 have remained stable in the past seven days.Zacks Investment Research

Image Source: Zacks Investment Research

Procter & Gamble currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Procter & Gamble Company (The) (PG) : Free Stock Analysis Report

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Church & Dwight Co., Inc. (CHD) : Free Stock Analysis Report

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The S&P 500 Index ($SPX) (SPY) today is up +1.02%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.10%.  June E-mini S&P futures (ESM26) are up +1.10%, and June E-mini Nasdaq futures (NQM26) are up +1.15%.

Stock indexes are moving sharply higher today after the Wall Street Journal reported that President Trump had signaled he was willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed.  The report said Mr. Trump believes the US should wind down hostilities while pressuring Iran diplomatically to reopen the Strait.  If that fails, the US will press allies in Europe and the Gulf to take the lead on reopening the waterway.  US and Israeli forces pressed ahead with attacks on Iran today, while Iran hit a Kuwaiti oil tanker off Dubai in a drone attack, and the UAE reported a drone attack. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Falling bond yields are also supportive of stocks, as the 10-year T-note yield dropped to a 1-week low of 4.30% today.  Bond yields are declining amid hopes that an end to the Iran war will lower energy prices, easing inflation concerns.  Stocks also found support today after the US Mar consumer confidence index unexpectedly rose.  Stock indexes fell back from their best levels as crude prices rose more than +1% to a 3-week high.

The US Jan S&P CaseShiller composite-20 home price index rose +1.18% y/y, weaker than expectations of +1.38% y/y and the smallest pace of increase in 2.5 years.

The US Mar MNI Chicago PMI fell -4.9 to 52.8, weaker than expectations of 55.0.

The Conference Board US Mar consumer confidence index unexpectedly rose +0.8 to 91.8, stronger than expectations of a decline to 87.9.

US Feb JOLTS job openings fell -358,000 to 6.882 million, weaker than expectations of 6.890 million.

Signs of strength in China’s economy are supportive for global growth prospects and stocks.  The China March manufacturing PMI rose +1.4 to 50.4, better than expectations of 50.1 and the strongest pace of expansion in a year.  Also, the China March non-manufacturing PMI rose by +0.6 to 50.1, better than expectations of 49.9.

Crude oil prices (CLK26) rose to a 3-week high today and remain supported despite President Trump signaling he is willing to end the war with Iran, as the Strait of Hormuz remains effectively closed.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran is also seeking to control ship transit through the Strait of Hormuz, asking vessels to provide lists of crew and cargo, along with voyage details and bills of lading if they want to travel through the waterway.  Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

The International Energy Agency said last Monday that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

The markets are discounting a 3% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.83%.  China's Shanghai Composite fell from a 1-week high and closed down -0.80%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -1.58%.

Interest Rates

June 10-year T-notes (ZNM6) today are up by +8 ticks.  The 10-year T-note yield is down -2.8 bp to 4.321%.  June T-notes rose to a 1-week high today, and the 10-year T-note yield fell to a 1-week low of 4.295%.  T-notes are climbing today on hopes that an end to the Iran war will lower energy prices and ease inflation concerns.  T-notes fell from their best level after the US Mar consumer confidence index unexpectedly rose.

European government bond yields are moving lower today.  The 10-year German bund yield is down -0.6 bp to 3.029%.  The 10-year UK gilt yield is down -2.0 bp to 4.914%.

Eurozone Mar CPI rose +2.5% y/y, the most in 14 months, but below expectations of +2.6% y/y.  Mar core CPI rose +2.3% y/y, weaker than expectations of +2.4% y/y.

German Feb retail sales unexpectedly fell -0.6% m/m, weaker than expectations of a +0.3% m/m increase.

ECB Governing Council member Madis Muller said, "The ECB can't rule out changes in interest rates already in April if energy prices remain at a high level for a long time."

Swaps are discounting a 50% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The Magnificent Seven technology stocks are climbing today, helping lift the overall market.  Nvidia (NVDA) and Meta Platforms (META) are up more than +3%, and Amazon.com (AMZN), Tesla (TSLA), and Alphabet (GOOGL) are up more than +2%.  In addition, Microsoft (MSFT) is up more than +1%, and Apple (AAPL) is up +0.48%.

Marvell Technology (MRVL) is up more than +8% to lead gainers in the Nasdaq 100, and chip stocks are higher after Nvidia said it is investing $2 billion in the company.  Also, ARM Holdings Plc (ARM) is up more than +6%, and Western Digital (WDC), ON Semiconductor (ON), and Sandisk (SNDK) are up more than +5%.  In addition, Seagate Technology Holdings Plc (STX) is up more than +4%, and Lam Research (LRCX), Broadcom (AVGO), Intel (INTC), and Microchip Technology (MCHP) are up more than +3%.  Finally, NXP Semiconductors NV (NXPI), KLA Corp (KLAC), Applied Materials (AMAT), and ASML Holding NV (ASML) are up more than +2%.

Home builders and building suppliers are moving higher today after the 10-year T-note yield fell to a 1-week low, which lowers mortgage rates and supports housing demand. Builders Firstsource (BLDR) and Toll Brothers (TOL) are up more than +2%.  Also, Lennar (LEN) and Pulte Group (PHM) are up more than +1%, and KB Home (KBH) is up more +0.42%, and DR Horton (DHI) is up +0.40%.

Apellis Pharmaceuticals (APLS) is up more than +136% after being acquired by Biogen for $5.6 billion, or about $41 a share.  Biogen (BIIB) is down more than -4% on the news.

Centessa Pharmaceuticals (CNTA) is up more than +44% after Eli Lilly agreed to buy the company for about $7.8 billion or $38 a share, plus a further $9 a share if three milestone targets are met.

Scholar Rock (SRRK) is up by more than +12% after it resubmitted its Biologics License Application for apitegromab, a muscle-targeted therapy for spinal muscular atrophy.

FactSet Research Systems (FDS) is up more than +7% to lead gainers in the S&P 500 after reporting Q2 revenue of $611 million, better than the consensus of $604.9 million, and raising its full-year revenue forecast to $2.45 billion to $2.47 billion from a previous estimate of $2.42 billion to $2.45 billion, above the consensus of $2.45 billion.

Nebius Group NV (NBIS) is up more than +5% after saying it plans to build a 310-megawatt server facility in Finland.

Phreesia (PHR) is down more than -26% after cutting its 2027 revenue forecast to $510 million to $520 million from a previous forecast of $545 million to $559 million, well below the consensus of $550.9 million.

Constellation Energy (CEG) is down more than -8% to lead losers in the S&P 500 and Nasdaq 100 after forecasting 2026 adjusted operating EPS of $11 to $12.00, the midpoint below the consensus of $11.72.

McCormick & Co (MKC) is down more than -6% after agreeing to acquire Unilever’s Food business for $15.7 billion in cash and $29.7 billion of stock.

Colgate-Palmolive (CL) is down more than -2% after TD Cowen downgraded the stock to hold from buy.

Earnings Reports(3/31/2026)

FactSet Research Systems Inc (FDS), McCormick & Co Inc/MD (MKC), nCino Inc (NCNO), NIKE Inc (NKE), PVH Corp (PVH), RH (RH), TD SYNNEX Corp (SNX). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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