Tesla stock has spiked 20% since Musk said he's stepping back from DOGE
The stock got a fresh boost on Friday as the US Department of Transportation announced looser rules for self-driving cars.
The stock got a fresh boost on Friday as the US Department of Transportation announced looser rules for self-driving cars.
Shares of transportation and logistics solutions provider Universal Logistics (NASDAQ:ULH) fell 9.1% in the morning session after the company reported weak first-quarter 2025 results, as both revenue and EBITDA fell well below Wall Street's expectations. Sales fell across every major segment: contract logistics, the company's largest line, shrank 18%, while intermodal and trucking dropped nearly 10% and 20%, respectively. Management acknowledged the sluggish start but pointed to improving trends
Shares of cable, internet, and telephone services provider Charter (NASDAQ:CHTR) jumped 11.2% in the afternoon session after the company reported strong first-quarter 2025 results, with earnings and EBITDA exceeding analysts' estimates, signaling improved cost control and solid profit growth. On the other hand, its number of internet subscribers missed. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 10.4% in the afternoon session after the National Highway Traffic Safety Administration (NHTSA), rolled out new rules to speed up the launch of home-built self-driving cars. As part of this push, the group planned to cut red tape in crash reports, making it easier for firms like Tesla to test their autonomous vehicles. NHTSA also wants to stretch an old rule that lets some cars skip standard checks, so more US-made driverless cars can
Shares of freight carrier Old Dominion (NASDAQ:ODFL) fell 8.7% in the afternoon session after the company reported underwhelming first-quarter 2025 results, as a drop in revenue and earnings weighed on investor sentiment. Revenue fell nearly 6% year on year, driven by a decline in tonnage and shipment counts. Overall, this was a weaker quarter.
Shares of HVAC and electrical contractor Comfort Systems (NYSE:FIX) jumped 11% in the pre-market session after the company reported stunning first-quarter 2025 results, which crushed earnings and backlog expectations, pointing to strong demand and solid execution in a typically soft seasonal period. Same-store backlog grew 16%, a massive jump that signaled growing confidence from customers and a robust pipeline of future projects. Zooming out, we think this was a solid quarter.
Shares of freight transportation and logistics provider Saia (NASDAQ:SAIA) fell 34.8% in the afternoon session after the company reported weak first-quarter 2025 results, with its revenue and EBITDA both falling short of analysts' estimates, reflecting a tough start to the year. The real story was the sharp sales and profit declines, driven by weather-related disruptions, and weaker-than-expected March shipments. While revenue ticked up 4%, that modest gain masked deeper issues: growth in tonnag
Shares of gaming and hospitality company Boyd Gaming (NYSE:BYD) jumped 6.8% in the morning session after the company reported strong first-quarter 2025 results, with revenue, EBITDA, and earnings per share all coming in above Wall Street's expectations, despite weather disruptions and a tough comparison to last year's leap year bump. The real story was the 20% jump in online segment revenue, now a vital part of Boyd's growth engine, fueled by higher contributions from digital casino games. Overa
Shares of children’s apparel manufacturer Carter’s (NYSE:CRI) fell 11.5% in the afternoon session after the company reported weak first-quarter 2025 results, as a narrow beat on adjusted EPS and stronger-than-expected same-store sales were overshadowed by its suspension of forward guidance amid a CEO transition and tariff uncertainty.
S&P Global is making a multistep deal with Orbcomm, taking a stake in it and buying a maritime offering. The post S&P Global goes deeper into supply chain with Orbcomm tie-up appeared first on FreightWaves.