After Howmet Aerospace (HWM) shares surged by 13.23% on Tuesday, the stock may continue its breakout. Howmet rose after the supplier to Boeing (BA) increased its earnings guidance for 2024.
Howmet expects to earn up to $2.57 a share in 2024. CEO John Plant said the commercial aerospace sector is robust, thanks to strong travel demand and an aging aircraft fleet.
F5 (FFIV) is another big mover. Shares gained around 13% after posting strong Q3 results. It earned $3.36 a share, while revenue fell by 1.0% Y/Y to $695.5 million.
Stanley Black & Decker (SWK) will open at a fresh new high of $106.05. The firm posted non-GAAP EPS of $1.09 on revenue of $4.02 billion. It issued an adjusted EPS guidance of $3.70 - $4.50.
SWK stock is attractive because it posted strong earnings amid a challenging environment. Since its turnaround is working out well, investors should consider this company.
Biggest Decliners
Merck (MRK) lost 9.8% yesterday despite posting strong quarterly results and increasing its guidance.
The global outage that CrowdStrike (CRWD) caused will attract lawsuits. Delta (DAL) is reportedly hiring a law firm to sue this firm, along with Microsoft. The system crash may have cost up to $500 million to Delta’s bottom line, according to Citigroup.
