Biggest S&P 500 Movers on Friday
2 hr 1 min ago
Decliners
- Akamai Technologies (AKAM) stock declined nearly 11% after Scotiabank lowered its price target on the cybersecurity and cloud computing company to $105 from $107, with its shares closing just above $76 on Friday.
- Expedia Group (EXPE) shares tumbled more than 7% after the travel booking service delivered worse-than-expected first quarter results and lowered its full-year outlook amid weak U.S. travel demand. CEO Ariane Gorin said the company managed to grow bookings and revenue “despite weaker than expected demand in the U.S.”
- TKO Group Holdings (TKO), the parent of World Wrestling Entertainment and Ultimate Fighting Championship, fell 5.5% after its earnings missed analysts’ expectations. The company lifted its full-year revenue forecast.
Advancers
- Shares of insulin pump maker Insulet (PODD) surged 21% Friday to pace the S&P 500, after the company reported stronger-than-anticipated quarterly results and lifted its full-year revenue outlook. Jefferies analysts lifted their price target on the stock to $360 from $350, suggesting significant upside from the stock’s close near $311 Friday.
- Microchip Technology (MCHP) jumped 12.6% after several analysts raised their price targets for the stock on the chipmaker’s better-than-expected outlook. While Microchip’s fourth-quarter sales fell 27% year-over-year, analysts were expecting a steeper drop.
- Tesla (TSLA) shares rose 4.7% to post gains for the third straight week amid optimism about new U.S. trade deals. The surge came after a weak start to the week following a string of reports on declining sales in Europe and China.
Lyft Soars on Gross Bookings Surge, Stock Buyback Boost
2 hr 47 min ago
Lyft (LYFT) shares soared nearly 30% Friday, a day after the ridesharing company topped first-quarter gross bookings estimates and boosted its stock buyback program.
The company said after the bell Thursday that its board approved a new $750 million buyback plan, and expects to use $500 million of it over the next 12 months.
Analysts from UBS, Oppenheimer, and JPMorgan each lifted their price targets by $2 to $14, $17, and $16, respectively, following the report. JPMorgan analysts said they were “encouraged by some of Lyft’s underlying progress, with all-time highs across many metrics” like faster arrival times and the “highest frequency riders in 5 years.”
Lyft reported $1.45 billion in first-quarter revenue, up 14% year-over-year but just below the $1.47 billion analyst consensus compiled by Visible Alpha. Gross bookings and earnings per share topped estimates at $4.16 billion and $0.01, respectively.
Activist investor Engine Capital said Friday it would halt its campaign and revoke its nominees for Lyft’s board as they said the new buyback plan comes after a “series of productive conversations.”
Lyft forecast gross bookings of $4.41 billion to $4.57 billion for the second quarter, in line with the analyst consensus. CEO David Risher told CNBC Friday morning that the company hasn’t seen “anything to worry about” regarding consumer behavior so far this year.
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Lyft shares gained 28% to close Friday’s session at $16.65, the highest level since December.
Insulet Soars to Lead S&P 500 Gainers Friday
3 hr 25 min ago
Shares of Insulet (PODD) skyrocketed Friday to pace the S&P 500, a day after the insulin pump maker reported stronger-than-anticipated quarterly results and lifted its full-year revenue outlook.
After the bell Thursday, Insulet posted first-quarter adjusted earnings per share of $1.02 on revenue that jumped 30% year-over-year on a constant-currency basis to $569 million. Analysts surveyed by Visible Alpha had anticipated $0.81 and $543.0 million, respectively, while the company had projected revenue to grow by 22% to 25%.2
The Acton, Mass.-based firm raised its constant-currency 2025 revenue growth outlook to between 19% and 22% from 16% to 20%.
Jefferies analysts lifted their price target on Insulet stock—which had been down close to 2% for this year entering Friday’s session—to $360 from $350. “We are encouraged by PODD’s execution and continue to view it as a top idea for ’25 given a path to robust growth, driven by product differentiation and new indications,” they wrote.
Insulet shares surged 21% Friday to finish the week at around $311.
Affirm Drops on Soft Current-Quarter Revenue Outlook
4 hr 55 min ago
Shares of Affirm Holdings (AFRM) plunged Friday, a day after the provider of buy now, pay later loans issued a disappointing current-quarter revenue outlook.
Affirm sees fiscal fourth-quarter revenue between $815 million and $845 million, with the midpoint below the Visible Alpha consensus estimate of $843.9 million.
The San Francisco-based company’s third-quarter revenue of $783.1 million also came up short. However, Affirm reported profit of a penny per share when a loss of 2 cents per share was expected. Gross merchandise volume that soared 36% year-over-year to $8.6 billion also surpassed projections.
Asked in a CNBC interview Friday morning about the strength of the consumer, Affirm CEO Max Levchin said, “It’s pretty good. I think there’s a real inconsistency in the vibe, where people are stressed out about the economy yet they’re shopping, they’re buying, and they’re paying their bills—at least they’re paying their bills back to us on time.”
Affirm shares were down 12% in late trading Friday. The stock has now lost more than a fifth of its value since the start of the year.
Microchip Rises as Analysts Raise Targets on Strong Outlook
5 hr 38 min ago
Microchip Technology (MCHP) shares surged Friday after the struggling chipmaker issued a better-than-expected forecast and several analysts raised their price targets for the stock.
Shares were up nearly 12% in recent trading near $55, though even with Friday’s gains the stock has lost about 40% of its value over the past 12 months.
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The company said it anticipates fiscal first-quarter revenue of $1.02 billion to $1.07 billion and adjusted earnings per share of 18 cents to 26 cents, exceeding analysts’ projections compiled by Visible Alpha.
“It looks like the bottom has finally been hit,” Jefferies analysts said following the results, adding, “we see the potential for a sharp snap back in the next couple of quarters” after the company posted a steep revenue decline in the fourth quarter. The analysts maintained a “buy” rating and price target of $70.
Microchip’s fourth-quarter sales fell 27% year-over-year to $970.5 million. While a significant decline, it was less severe than Wall Street expected. CEO Steve Sanghi said the period “marks the bottom of this prolonged industry down cycle for Microchip.”
Citi analysts, who raised their target to $55 from $50, said, “when the economy eventually recovers, Microchip should have the strongest bounce in fundamentals given the steep decline in revenue.” Meanwhile, Bank of America raised its target to $56 from $44 and upgraded the stock to “neutral” from “underperform.
Expedia Slides as US Travel Demand Slumps
6 hr 54 min ago
Shares of Expedia Group (EXPE) tumbled Friday, a day after the travel platform’s first-quarter results came in worse than expected and it lowered its full-year outlook amid weak U.S. demand.
The company behind its namesake travel booking platform and others like Vrbo and Hotels.com reported revenue of $2.99 billion and $31.45 billion in total bookings, both up from the same time last year but below what analysts polled by Visible Alpha had expected.
Expedia posted adjusted earnings per share of $0.40, up 90% year-over-year and better than Visible Alpha consensus, but its reported net loss per share of $1.56 was more than triple the $0.42 that analysts had forecast.
CEO Ariane Gorin said the company managed to grow bookings and revenue “despite weaker than expected demand in the U.S.” as consumer sentiment has worsened amid tariff-fueled uncertainty. Gorin added on the earnings call that travel trends continued to be soft through April, and said more European customers appear to be traveling to other locales like Latin America rather than the U.S., according to a transcript provided by AlphaSense.
CFO Scott Schenkel said Expedia projects 2% to 4% bookings growth and 3% to 5% revenue growth in the second quarter, but the company trimmed its full-year forecast for both metrics to 2% to 4% growth from the 4% to 6% rate they laid out in last quarter’s earnings call.
Expedia shares were down 8% recently, after falling as much as 12% earlier in the session. The stock is now down 16% since the start of the year.
Cloudflare Stock Surges as Revenue Tops Estimates
7 hr 26 min ago
Cloudflare (NET) shares took off Friday, a day after the provider of cloud services beat revenue estimates as it signed a pair of big contracts.
The company reported first-quarter revenue jumped 27% year-over-year to $479.1 million, beating Visible Alpha estimates by about $10 million. However, adjusted earnings per share of $0.16 came in a penny below forecasts.
CEO and co-founder Matthew Prince said Cloudflare scored the largest contract in its history, a more than $100 million deal driven by its Workers developer platform. It also signed its longest-term secure access service edge (SASE) contract ever.
Prince added that Cloudflare has “the scale, the technology, and the team to capture the massive opportunity ahead of us.”
The company sees full-year adjusted EPS of $0.79 to $0.80, and revenue of $2.090 billion to $2.094 billion. Analysts surveyed by Visible Alpha were looking for $0.80 and $2.095 billion, respectively.
Shares of Cloudflare were up 7% recently and have gained about 24% since the start of 2025.
Tesla Jumps, on Track for 3rd Straight Week of Gains
8 hr 22 min ago
Tesla (TSLA) shares jumped Friday, adding to the previous session’s solid gains and putting the stock on track to post gains for the third consecutive week.
The stock was recently up 5% at around $300, after hitting $307 earlier, its highest price since February. The surge came amid optimism about the possibility the U.S. will strike more trade deals after the Trump administration reached an agreement with the U.S. yesterday.
The gains for Tesla’s stock come after a downbeat start to the week following a string of bad news about declining sales and registrations in several countries across Europe and China. The shares are still down about 25% since the start of the year.
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Investors will be looking for updates in the coming weeks on Tesla’s plans for its self-driving robotaxis, as the company said in last month’s earnings report that it still plans to start offering paid rides in Model Y vehicles in Austin, Texas by the end of next month.
Pinterest Soars as Revenue, User Numbers Top Estimates
9 hr 30 min ago
Pinterest (PINS) shares soared in early trading Friday, a day after the social media service reported first-quarter revenue and global monthly active user figures that topped estimates.
The company posted earnings per share (EPS) of $0.01 on revenue that increased 17% year-over-year on a constant currency basis to $855.0 million. Analysts polled by Visible Alpha projected a loss of a penny per share on revenue of $846.9 million. Adjusted EPS of $0.23 missed estimates.
The San Francisco-based firm’s monthly active users increased 10% to a record 570 million, beating estimates of 563.4 million.
Pinterest, which has rolled out artificial intelligence (AI) tools for advertisers, said it expects second-quarter revenue between $960 million and $980 million, which would represent 12% to 15% growth. The midpoint of the range exceeded Visible Alpha consensus of $964.2 million.
“The fundamentals in the business are strong and we’re continuing to see healthy growth,” Pinterest CEO Bill Ready said. “Our AI advancements are helping users take action and make more intentional shopping decisions.”
Pinterest shares were up 10% in recent trading. The stock entered Friday down 4% year-to-date.
Stocks Aiming for Third Straight Week of Gains
10 hr 16 min ago
With stocks on the rise early Friday, major U.S. indexes could be on track to do something that hasn’t happened in more than six months.
Entering today’s session, the Dow was up slightly for the week, while the S&P 500 and Nasdaq Composite were each down less than half a percent. If they all manage to post gains for the week, it would mark three straight weeks that they have done so, which would be the first time since the first three weeks of October that has happened.
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The recent rally has substantially narrowed the year-to-date declines for the major indexes. Through Thursday’s close, the Dow was down 2.8% since the start of 2025, while the S&P 500 and Nasdaq had given up 3.7% and 7.2%, respectively.
Bitcoin Levels to Watch as Cryptocurrency Continues Surging
11 hr 3 min ago
Bitcoin (BTCUSD) is on the rise again Friday after surging above the closely watched $100,000 level yesterday for the first time since early February.
The legacy cryptocurrency rallied along with stocks after President Donald Trump announced that the U.S. had reached a trade agreement with the U.K and expressed optimism about trade talks with China that are slated to take place this weekend.
Bitcoin’s price had fallen sharply between February and April, weighed down by uncertainty about tariffs and their potential impact on the economy, as well as disappointment with the pace of reforms by the Trump administration to support the crypto industry. With the latest surge, bitcoin is about 40% above last month’s low.
Bitcoin was at $103,100 in recent trading, up from an overnight low of $101,300.
After reclaiming the 200-day moving average last month, bitcoin traded within a narrow consolidation period before yesterday’s strong breakout above the $100,000 mark. The move sets the stage for a potential retest of the cryptocurrency’s record high established at $109,000 in late January.
Meanwhile, the relative strength index confirms bullish price momentum with a reading above the 70 threshold, though the indicator also cautions overbought conditions that could lead to short-term profit-taking.
It’s important to note that trading volumes on Coinbase (COIN), the largest crypto exchange in the United States, have declined since bitcoin’s move higher started in early April, indicating larger market participants may be sitting out the current rally.
Investors should watch crucial overhead areas on bitcoin’s chart around $107,000 and $120,000, while also monitoring key support levels near $100,000 and $92,000.
Read the full technical analysis piece here.
Major Index Futures Inch Higher
11 hr 42 min ago
Futures tied to the Dow Jones Industrial Average were up 0.2%.
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S&P 500 futures rose 0.3%.
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Nasdaq 100 futures also added 0.3%.
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