Futures pointed to a bullish start on Wall Street this Tuesday, with the Dow Jones expected to open up by 1.12%, the S&P 500 by 1.06%, and the Nasdaq by 1.16%. Several key corporate announcements are drawing investor attention and shaping the trading session.
Boeing Sells Digital Aviation Division for $10.55 Billion
Boeing announced on Tuesday that it will sell a portion of its Digital Aviation Solutions business to private equity firm Thoma Bravo in a deal valued at $10.55 billion. The move is part of Boeing’s ongoing efforts to streamline its portfolio and refocus on core operations.
Tesla Settles Wrongful Death Lawsuit
Tesla has agreed to settle a wrongful death lawsuit filed by the family of a man who died in a 2021 crash involving a Tesla vehicle in Dayton, Ohio. The EV maker is also scheduled to release an operational update later today. Investors are eager to hear about the company’s progress and whether CEO Elon Musk might reduce his involvement in former President Donald Trump’s advisory circles.
Elevance Health Beats Q1 Estimates
Elevance Health reported better-than-expected first-quarter earnings, confirming figures previewed last week. This comes despite recent sector pressure following UnitedHealth’s downward revision of its outlook.
Lockheed Martin Reaffirms 2025 Outlook
Lockheed Martin posted a strong earnings report for Q1, supported by robust demand for its missile systems and fighter jets. The defense contractor reaffirmed its full-year guidance, lifting shares 3% in premarket trading.
GE Aerospace Sees Q1 Profit Surge
GE Aerospace also delivered solid quarterly results. With airlines holding on to older fleets due to new aircraft shortages, the demand for high-margin parts and servicing continues to grow, bolstering GE’s bottom line.
RTX Outperforms Despite Soft Defense Sales
RTX (formerly Raytheon Technologies) beat first-quarter earnings estimates and maintained its annual forecast. The strong demand for aircraft maintenance and repair helped offset slower sales in its defense segment.
Moody’s Q1 Profits Climb Amid Recovery in Bond Markets
Moody’s reported an increase in Q1 profit, thanks to momentum in its analytics division and a rebound in bond issuances. However, the company remained cautious with full-year expectations due to ongoing market volatility.
CoreWeave Draws Analyst Praise, Lacks Market Spark
Nvidia-backed CoreWeave made its public market debut, but the stock struggled to gain traction despite positive analyst coverage. The launch was seen as underwhelming in terms of market response.
Kimberly-Clark Cuts Annual Profit Outlook
Kimberly-Clark lowered its profit forecast for the year, citing a $300 million impact from tariffs introduced under former President Donald Trump. The company, known for Kleenex tissues, expects these additional costs to weigh heavily on its margins.
Invesco Exceeds Q1 Profit Expectations
Asset management firm Invesco beat Wall Street estimates for Q1 earnings, buoyed by higher commission revenues. Market volatility and tariff uncertainties drove clients to restructure their portfolios, boosting Invesco’s performance.
Northrop Grumman Earnings Plunge
Northrop Grumman reported a 49% drop in first-quarter profit, with revenue also falling short of forecasts. The setback was attributed to cost overruns in its B-21 stealth bomber program. Shares fell 10% in premarket trading.
Devon Energy Targets $1B Cash Flow Boost
Devon Energy revealed plans to increase its annual free cash flow by $1 billion by the end of 2026. The company is focusing on operational efficiencies and capital discipline to meet this target.
Equifax Surpasses Q1 Forecasts
Credit reporting agency Equifax exceeded first-quarter earnings estimates, helped by a smaller-than-expected decline in mortgage credit report requests, signaling some resilience in the housing-related credit sector.
Overall, Wall Street appears poised for a strong session, supported by a wave of encouraging earnings reports and strategic corporate developments. Investors remain attentive to broader economic signals and upcoming corporate updates.
