Halliburton Faces Impact of Recent Energy Market Pressures
21 minutes ago
Shares of Halliburton (HAL) dropped on Tuesday following the oilfield services company’s first-quarter profits, which fell significantly below analysts’ predictions.
The Houston-based company reported an earnings per share (EPS) of $0.24, a steep decline from $0.68 the previous year and shy of the $0.60 consensus estimate by Visible Alpha. However, adjusted EPS of $0.60 was in line with expectations, with revenues of $5.42 billion exceeding forecasts.
CEO Jeff Miller remarked that the company is currently dealing with “recent pressures on the energy macro” but asserted that their “persistent emphasis on technology, collaboration, and high-quality service execution generates value for customers and fosters long-term success for Halliburton and its investors.”
During the earnings call, CFO Eric Carre discussed tariffs, noting, “We have reasonable visibility for Q2, which will affect earnings per share by approximately $0.02 to $0.03.” He added that a clear understanding of the tariff structure is essential for the company to identify potential strategies and their outcomes.
Shares of Halliburton were down over 6% in recent trading and ranked among the largest decliners within the S&P 500. Since the start of 2025, the stock has decreased nearly 25% in value.
– Aaron Rennie
Equifax Rises on Strong Performance and Share Buyback Announcement
1 hr 39 min ago
Equifax (EFX) shares surged on Tuesday following the credit rating agency’s quarterly earnings and revenue that exceeded estimates, alongside the announcement of a new stock buyback plan and an increase in dividends.
The company reported first-quarter adjusted EPS of $1.53, with revenue climbing 4% year-over-year to $1.44 billion, surpassing Visible Alpha forecasts.
Equifax indicated that these results were achieved despite challenges in the U.S. mortgage and hiring markets, with a 7% revenue increase in the U.S. mortgage unit and additional growth in Verification Services and Workforce Solutions.
Due to its impressive free cash flow and strong balance sheet, Equifax’s board approved a $3 billion share repurchase initiative set to last four years, while also raising its quarterly dividend to $0.50 per share, up from $0.39.
Equifax shares experienced nearly a 15% increase in recent trading, leading gainers in the S&P 500, although they are still in negative territory year-to-date.
– Bill McColl
Tesla’s Stock Rises Ahead of Earnings Report
2 hr 10 min ago
Tesla (TSLA) shares rallied on Tuesday as investors anticipated the company’s first-quarter earnings report, scheduled for release after the market closes.
The electric vehicle manufacturer saw its stock rise nearly 5%, despite experiencing over a 40% decline since the beginning of 2025 due to underwhelming sales and backlash against CEO Elon Musk’s political engagements.
Dan Ives, a long-time Tesla bull at Wedbush, expressed concern that the company could be in a “code red situation” unless Musk steps back from his government roles and reestablishes focus on Tesla.
Protests and vandalism at Tesla dealerships have occurred in recent weeks, with reports highlighting declining sales in China and Europe.
Earlier this month, Tesla revealed that its first-quarter delivery numbers fell short of Wall Street expectations, delivering 336,681 vehicles compared to 386,810 a year prior, contributing to a tumultuous quarter for the company.
– Andrew Kessel
3M Stock Surges Following Positive Earnings Report
2 hr 42 min ago
3M (MMM) shares rose on Tuesday as the company’s earnings report surpassed expectations, while addressing potential tariff impacts on future performance.
The manufacturer known for Post-it Notes and PPE reported adjusted EPS of $1.88 for the first quarter, despite a 1% year-over-year revenue decline to $5.95 billion, which still outperformed Visible Alpha estimates.
Sales from the Safety & Industrial segment saw a 2.5% uptick, while Transportation & Electronics and Consumer divisions also contributed to growth.
CEO William Brown mentioned that 3M is navigating a “dynamic environment,” focusing on improving business fundamentals and strategic priorities while utilizing its global network.
The company reiterated its guidance for full-year adjusted EPS between $7.60 and $7.90, but noted possible “tariff sensitivity” that might reduce projections by $0.20 to $0.40.
– Bill McColl
GE Aerospace Shares Rise Following Strong Q1 Results
3 hr 52 min ago
GE Aerospace (GE) shares increased on Tuesday after the company’s first-quarter results exceeded expectations.
The engine manufacturer achieved an adjusted EPS of $1.49 and reported revenues of $9.94 billion, surpassing analysts’ expectations of $1.26 EPS and $9.77 billion in revenue.
GE Aerospace maintained its full-year guidance, projecting adjusted EPS between $5.10 and $5.45.
CEO Larry Culp stated that the current macroeconomic landscape necessitates various strategic measures, including cost control and leveraging available trade programs, which together with a solid first quarter enable the company to maintain its guidance.
The firm plans to offset tariff impacts through operational optimization and cost-control measures, while also committing to invest nearly $1 billion in U.S. factories and supply chains this year, double what was spent in 2024.
– Aaron McDade
Dollar Index Observations After Dropping to Three-Year Low
4 hr 31 min ago
The U.S. dollar index (DXY) saw a rise on Tuesday after recently hitting a three-year low, amid concerns from investors regarding tariffs, the economic outlook, and potential threats to Federal Reserve independence.
President Trump has heightened his criticisms of Fed Chair Jerome Powell, calling for immediate rate cuts, leading to fears that any attempt to dismiss Powell could erode confidence in the U.S. dollar’s strength.
After previously breaking out from a descending triangle, the dollar index has faced downward pressure, confirming a bearish trend in the market.
Despite indications of bearish momentum, the relative strength index (RSI) shows oversold conditions, suggesting the possibility of a rebound in the near term.
Investors should monitor significant support levels around 95 and 90, with resistance levels near 101 and 107, as the dollar index trades close to 98.62, following a dip to 97.92, its lowest since March 2022.
– Timothy Smith
Verizon Experiences Stock Decline Amid Higher Subscriber Losses
5 hr 15 min ago
Verizon Communications (VZ) saw its stock decline in premarket trading on Tuesday after posting greater-than-expected losses in phone subscribers, overshadowing positive first-quarter earnings results.
The company reported adjusted EPS of $1.19 with operating revenue of $33.49 billion, both of which surpassed analysts’ expectations.
However, Verizon’s retail postpaid phone sector reported net losses of 289,000 subscribers, exceeding the anticipated loss of 218,000.
Despite the significant subscriber losses, Verizon reasserted its full-year guidance, expressing confidence in meeting its goals, although the current projections do not account for potential effects from the evolving tariff landscape.
Verizon shares were down approximately 5% in recent trading, despite being up over 7% year-to-date prior to this report.
– Aaron McDade
Major Stock Index Futures Surge
5 hr 15 min ago
Futures related to the Dow Jones Industrial Average rose by 0.7%, reflecting a positive market sentiment.
S&P 500 futures similarly increased by 0.7%, signaling potential for market gains.
Nasdaq 100 futures also witnessed a 0.7% uptick, contributing to the overall positive outlook.
