Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 3.2% in the afternoon session after the broader market rallied on hopes for potential interest rate cuts, which boosted travel-related stocks. The rally follows hints from the head of the U.S. Federal Reserve that interest rate cuts may be on the way. Lower interest rates can stimulate the economy by making borrowing cheaper for consumers and businesses, which can lead to increased household spending. The travel industry often benefits from this environment, as consumers may feel more confident about spending on discretionary items like travel. This positive sentiment for the entire sector appears to be lifting shares of companies like FTAI Aviation.
Shares of global financial services firm Morgan Stanley (NYSE:MS) jumped 3.1% in the afternoon session after comments from Federal Reserve Chair Jerome Powell indicated that interest rate cuts could be on the horizon, sparking a broad market rally. The broader market rallied after Federal Reserve Chair Jerome Powell stated that a slowing job market and shifting risks to the economy "may warrant adjusting our policy stance." This dovish signal was interpreted by investors as a clear indication that the central bank is prepared to lower interest rates, a move that typically stimulates economic activity. Financial stocks were among the day's biggest winners, with the banking sector heading for a record high. Lower interest rates can be beneficial for banks like Morgan Stanley by potentially boosting lending, increasing deal-making in their investment banking divisions, and improving the value of their fixed-income assets.
Shares of beverage company Zevia (NYSE:ZVIA)
jumped 3.6% in the after-market session after the stock rose amid a broader market rally as the head of the Federal Reserve hinted at potential interest rate cuts. The broader market surged on Friday after the head of the Federal Reserve indicated that interest rate cuts could be on the horizon. This signal boosted investor sentiment, leading to a significant rally across major indices, including the Dow Jones Industrial Average and the S&P 500. Lower interest rates generally stimulate economic activity and can make stocks more attractive to investors.
Financial firms serve as the backbone of the economy, providing essential services from lending and investment management to risk management and payment processing. These companies have benefited from improving market activity and economic fundamentals,
so it's no surprise the industry has posted a 5% gain over the past six months, nearly mirroring the S&P 500.
Ahead of Federal Reserve Chair Jerome Powell's pivotal Jackson Hole address on Friday, cryptocurrency bettors are pricing in more than an 80% chance that the central bank cuts interest rates this year.
Shares of casual salad chain Sweetgreen (NYSE:SG)
fell 3.8% in the morning session after several Wall Street analysts lowered their price targets on the stock, contributing to its slide. The stock has experienced a significant downturn, declining 74% over the past 12 months. The recent pressure follows price target reductions from several financial institutions. For instance, Piper Sandler lowered its price target on Sweetgreen to $12.00 from $20.00, while Barclays cut its objective to $10.00 from $17.00. Morgan Stanley and UBS Group also reduced their price targets. This series of downward revisions from analysts reflects growing concerns on Wall Street about the company's valuation and near-term performance, despite the company reporting revenue growth of 5.74% over the last year.
Shares of enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) jumped 4.1% in the morning session after Morgan Stanley upgraded the stock's rating and raised its price target. The investment bank raised its rating on the enterprise technology company to "Overweight" from "Equal-Weight" and significantly increased its price target to $28 from $22. According to Morgan Stanley analyst Meta Marshall, the market is underestimating the potential financial benefits from HPE's upcoming acquisition of Juniper Networks. The firm's positive outlook suggests that the integration of Juniper could lead to better-than-expected performance, fueling renewed confidence among investors and driving the stock higher.
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 4% in the morning session after the stock's positive momentum continued as Morgan Stanley significantly raised its price target on the stock, citing a strong growth trajectory and a favorable position in the current aerospace market.
Financial providers use their expertise in capital allocation and risk assessment to help facilitate economic growth while offering consumers and businesses essential financial services. These companies have benefited from improving market activity and economic fundamentals,
so it's no surprise the industry has posted a 4.8% gain over the past six months, nearly mirroring the S&P 500.
The company also unveiled a new Public Responsibility Committee and appointed former Vanguard chief executive F. William McNabb as lead independent director.
Having a stock you own get acquired at a premium feels good at first, but what about the long-term gains that will be left behind when your chips are off the table?
Intel continued its winning run amid news of new strategic investment, while Nvidia saw activity as traders geared up for its quarterly results due next week.
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) fell 3.3% in the afternoon session after its real estate brokerage subsidiary, Redfin, released a report indicating a significant slowdown in the July 2025 U.S. housing market. The report, published August 18, highlighted that homes took an average of 43 days to sell in July, the longest period for that month since 2015, due to high costs and economic uncertainty. The data also revealed a 1.1% month-over-month drop in pending home sales and the highest rate of canceled home-purchase agreements since 2017. This negative data compounded existing investor concerns about the challenging housing market, which were recently flagged by Morgan Stanley. The bank resumed coverage on the stock with an 'Equalweight' rating, citing an elevated valuation and ongoing headwinds in the mortgage sector.
Founded in 2014, Klook lets users book tours, activities, attractions, and local services worldwide and competes with platforms such as TripAdvisor and Airbnb.
