Shares of industrial technology company Fortive (NYSE:FTV) jumped 8.4% in the afternoon session after the company reported third-quarter results that surpassed analyst expectations and raised its full-year profit forecast. The company's strong performance was driven by beats on both the top and bottom lines. Adjusted earnings came in at $0.68 per share, easily surpassing the consensus estimate of $0.57. Revenue for the quarter also topped forecasts at $1.03 billion against expectations of $1.01 billion, representing a 2.3% increase year over year. Adding to the positive sentiment, Fortive raised its full-year adjusted earnings guidance to a midpoint of $2.65, signaling confidence in its outlook.
A powerful surge in AI-related stocks — led by a 9% advance in NVIDIA Corp. (NASDAQ:NVDA) over the past two sessions — propelled the S&P 500 above the 6,900 mark and lifted the Nasdaq 100 to 26,100 points, both breaking new records, as investors brace for the Federal Reserve's
As the US market prepares to open on Wednesday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
Industrial technology company Fortive (NYSE:FTV) reported revenue ahead of Wall Streets expectations in Q3 CY2025, with sales up 2.3% year on year to $1.03 billion. Its non-GAAP profit of $0.68 per share was 19.5% above analysts’ consensus estimates.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at professional tools and equipment stocks, starting with Fortive (NYSE:FTV).
Transcat Inc. (NASDAQ: TRNS), a key player in accredited calibration services and the distribution of precision test and measurement instruments, is strategically positioned to capitalize on the anticipated surge in infrastructure spending. As nations, particularly the United States through initiatives like the Infrastructure Investment and Jobs Act (IIJA), commit billions
Tariff and trade worries as well as cautious consumer spending have pushed shares of UPS to a five-year low, while also lifting its dividend yield to more than 7.5%.
Mid-cap stocks have the best odds of scaling into $100 billion corporations thanks to their tested business models and large addressable markets.
But the many opportunities in front of them attract significant competition, spanning from industry behemoths with seemingly infinite resources to small, nimble players with chips on their shoulders.
Shares of industrial technology company Fortive (NYSE:FTV) jumped 3.3% in the afternoon session after the company presented a confident strategic outlook at Morgan Stanley's 13th Annual Laguna Conference.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But their prominence also brings high exposure to the ups and downs of economic cycles.
Luckily, the tide is turning in their favor as the industry’s 18.1% return over the past six months has topped the S&P 500 by 8.9 percentage points.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium.
The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability.
But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
A stock with low volatility can be reassuring, but it doesn’t always mean strong long-term performance.
Investors who prioritize stability may miss out on higher-reward opportunities elsewhere.
Wall Street has set ambitious price targets for the stocks in this article.
While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.
