Major US travel companies, including Hilton and Royal Caribbean, are leveraging robust demand from American consumers to absorb the financial impact of higher fuel costs and international travel disruptions stemming from conflict in the Middle East.
Rogers Communications stock jumped over 5% after the company announced a long-term agreement to sublicense its exclusive Canadian broadcast rights for Wednesday night NHL games to Amazon's Prime Video.
Rogers Communications shares surged after the company announced a 12-year agreement to sublicense a package of its Canadian NHL broadcast rights, including Wednesday night games, to Amazon's Prime Video.
The defense contractor's stock gained after a report indicated the Pentagon has certified a multi-year deal for nine new Block VI Virginia-class attack submarines, a contract expected to save $2.4 billion.
Citi analysts designated Paylocity (PCTY) as their top pick in the HR software sector, pointing to stronger web traffic, multiple growth levers, and a stabilizing industry backdrop ahead of earnings.
Investors are closely watching the Federal Reserve's upcoming interest rate announcement and the latest U.S. crude oil inventory data, both due Wednesday, for signals on monetary policy and economic health.
Shares of EVI Industries surged after the company's board approved a new share repurchase program for up to $10 million of its common stock, signaling management confidence.
Shares of semiconductor equipment makers Applied Materials and Lam Research fell sharply on Tuesday, part of a broader tech sell-off driven by cautious forward guidance from several industry players.
BofA Securities has reiterated ASML as its top semiconductor equipment pick, arguing that recent stock weakness driven by reports of Chinese DUV lithography progress is an overreaction.
