Key Points To Watch Out For:
- Coinbase stock rose 10% after its inclusion in the S&P 500.
- Hertz fell 7% amid quarterly losses and lower international demand.
- Bayer soared in Frankfurt after exceeding estimates.
Coinbase (COIN): Entry into the S&P 500 sends shares soaring
Coinbase jumped 10% in premarket trading after S&P Dow Jones Indices said it would add the company to the S&P 500 on May 19. The announcement is a major validation for the cryptocurrency exchange and could bring more institutional money to its shares as they get included in index funds.
Boeing (BA): Chinese veto withdrawal gives aircraft manufacturer a boost
Boeing shares rose sharply in premarket trading following reports that China had lifted a ban on its carriers receiving Boeing aircraft. The decision marks a significant step in the trade recovery in the two countries and could boost the US manufacturer’s pending deliveries and contracts.
Hertz (HTZ): Weak results reflect slowdown in corporate travel
Hertz fell about 7% before the market opened after posting a larger-than-expected quarterly loss. The company also cautioned about weaker demand from corporate and international travelers, putting pressure on the sector’s recovery hopes. Transportation stocks reacted negatively to the announcement.
Bayer (BAYN): Drugs and cost cuts boost quarterly performance
Bayer rose 10% in Frankfurt after posting better-than-expected monthly results, driven by demand for medicines for cancer and kidney disease, as well as cost-cutting measures. The solid performance is helped by a return of optimism about the company’s shares after a period of regulatory and legal pressure.
Honda (HMC): Estimates down, but market reacts calmly
Honda cautioned that new US tariffs could reduction its annual profit by about $3 billion, although its shares rose slightly in Tokyo, helped by a broader recovery in the Japanese index. The company is one of the main exporters to North America, and its subdued reaction reflects a feeling of stabilization in the sector.
Alibaba (BABA), PDD Holdings (PDD), JD.com (JD): Setback after tariff optimism cools
Shares of Chinese technology companies listed in the US fell in premarket trading after early enthusiasm over tariff cuts between the US and China began to fade. The move mirrors profit-taking by investors amid ongoing geopolitical and trade volatility.
