American indices are opening higher. The gains are not significant, but slightly greater clarity in the global market is allowing indices to rise. US500 is trading 0.82% higher, US100 gains 1.00%, and US2000 is up 1.10%. Along with the indices, the US dollar is also rebounding. The dollar index gains 0.40% today.
US2000 (D1)
The small-cap index is rebounding the most today among the larger stock indices on Wall Street. US2000 gains 1.10%. However, the relatively larger rebound can be linked to equally large declines during the recent correction. The index has lost more than 30% from its highs, and from the last bottom, it has only rebounded 12%.
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Company news
Ericsson (ERIC.US) gains 6.80% as Q1 results beat expectations, with GAAP EPS at SEK 1.24 and revenue up 3.2% Y/Y to SEK 55.03B. Adjusted gross margin rose to 48.5% (from 42.7%), and EBITA reached SEK 6.9B (12.6% margin). Free cash flow before M&A was SEK 2.7B, and a SEK 2.85/share dividend was approved. Ericsson expects the Enterprise segment to stabilize in 2025 despite macro and trade uncertainties.
Hewlett Packard Enterprise (HPE.US) gains 6.80% after Elliott Investment Management revealed a stake exceeding $1.5B, placing it among HPE’s top five shareholders. While Elliott’s exact plans are undisclosed, its activist role signals potential moves to boost shareholder value.
Bank of America (BAC.US) gains 3.90% after the bank published better-than-expected results, with GAAP EPS up 18% Y/Y. Global Markets led the charge with a 12th straight quarter of sales and trading revenue growth. Net interest income is expected to rise to $15.5B–$15.7B in Q4, up from $14.6B in Q1, aligning with consensus expectations.
Citigroup (C.US) gains 2.34% after beating Q1 earnings and revenue forecasts, led by strength in markets and investment banking. Citi now guides FY2025 revenue slightly lower at $83.1B–$84.1B (vs. $83.5B–$84.5B prior) but maintains net interest income growth at 2%–3%. Expenses are projected just below $53.4B, and CEO Jane Fraser emphasized gains across all five business lines.
Applied Digital (APLD.US) dips 22% following mixed FQ3 results: revenue missed despite 22% Y/Y growth, and losses narrowed. The company plans to divest its Cloud Services Business and sees new revenue potential in on-demand GPU clusters. Its Ellendale campus remains a key project, with updates due soon.
Albertsons (ACI.US) drops 6.40% due to soft FY2025 guidance, despite a strong Q4. The grocer forecasts adjusted EPS of $2.03–$2.16 (vs. $2.30 consensus), with same-store sales up 1.5%–2.5% and EBITDA of $3.8B–$3.9B, down from $4B. FY2025 is labeled an "investment year," with better results expected in FY2026.
Boeing (BA.US) dips 1.86% as China halted Boeing jet deliveries amid escalating U.S.-China trade tensions. China, accounting for 20% of global aircraft demand, responded to U.S. tariffs with 125% duties, potentially doubling aircraft costs and pressuring Boeing’s future orders and deliveries.
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