Stocks rise after major indices achieved consecutive gains over 5 sessions; Technology and crypto-related stocks rebound

Costco is suing the Trump administration — here’s why

20 minutes ago

Warehouse retail giant Costco Wholesale (COST) has joined the list of companies looking for duty refunds.

The company filed a lawsuit against US Customs and Border Protection and the Trump administration on Friday. In the International Trade Court, Costco said it would seek to recover the tariffs it paid on imports in the past few months if the Supreme Court finds Trump’s tariffs unconstitutional.

Costco did not specify in the filing how much it paid in tariffs, but executives said on earnings calls that the company is working with its suppliers to minimize the impact and that it will work to keep prices as low as possible.

In its complaint, Costco is asking the trade court to find the tariffs invalid, prohibit CBP from collecting further tariff payments, and ensure recovery of the tariffs the company has paid and those it may pay before the case is decided.

Read the full article here.

–Aaron McDade

Boeing shares boost the S&P 500 and the Dow Jones higher after the CFO’s comments on deliveries and cash flow

49 minutes ago

Boeing (BA) CFO Jay Malave’s comments at a conference on Tuesday morning sent the company’s shares and major indexes higher.

Boeing rose 8% to lead the S&P 500 and Dow Jones Industrial Average after “we expect deliveries to be absolutely up (in 2026) in both cases, both the 737 and the 787,” Malave said at the UBS Global Industrial and Transportation Conference.

Additionally, “we fully expect to grow in cash flow year-over-year,” Malafi said, adding that “what we expect anyway is in the low single digits in terms of positive free cash flow, which I think is very significant year-over-year growth.”

Including Tuesday’s sharp gains, Boeing shares are up about 14% this year, slightly better than the Dow’s advance but slightly worse than the S&P 500.

Here’s why shares of the Roundup maker Weedkiller are up today

1 hour and 14 minutes ago

Shares of pharmaceutical group Bayer rose 13% on its local stock exchange in Germany after the US attorney general backed its efforts for a Supreme Court review of previous rulings on whether the herbicide Roundup, produced by Bayer-owned Monsanto, needed a cancer risk warning label.

The EPA has said for years that glyphosate, a chemical used in Roundup, is “unlikely to be carcinogenic in humans,” the attorney general said in a filing Monday, and said the Food and Drug Administration approved “hundreds of labels for Roundup” that did not include any cancer information.

Bayer said that since federal agencies determined that the chemical did not require a cancer warning, customers should not be able to sue for violating state laws regarding failure to warn customers about cancer risks. Most of the tens of thousands of pending lawsuits are “based on failure-to-warn theories,” Bayer said, meaning they will be invalidated by a ruling that Bayer is not bound by state failure-to-warn laws.

Bayer said it welcomed the support. She said the Supreme Court’s ruling on whether companies can be sued for violating state laws when complying with a federal agency’s ruling on the safety of a chemical would provide clarity to the company and customers. Bayer said it “continues to strengthen its multi-pronged strategy designed to significantly contain litigation by the end of 2026.”

Bayer acquired Monsanto in 2018 for $63 billion, and a California jury held Monsanto liable just months after the deal closed for failing to warn about the potential cancer risks in Roundup after a groundskeeper was diagnosed with cancer.

–Aaron McDade

How you should approach Travel Tuesday: expert opinions on the promotion

1 hour and 54 minutes ago

You may still be settling down after your Thanksgiving trip, but experts say it’s smart to start planning your next vacation.

Almost all major airlines and many hotels will be offering cheap rates tomorrow on what has become known as ‘Travel Tuesday’. Travel companies are now offering more deals on the Tuesday after Thanksgiving than on Black Friday and Cyber ​​Monday combined, according to travel booking app Hopper.

Clint Henderson, managing editor of travel site The Points Guy, said the industry-wide promotion grew out of an annual deal launched by Hooper in 2017, and has become a real deal-hunting opportunity.

“This is probably the best time of year to book cheap flights,” Henderson said, later explaining that he initially saw “Travel Tuesday” as a marketing move. “I used to tell people: ‘Don’t bother,’ but now I’m committed to it.”

Tuesday airfare deals often promote winter travel and only apply to flights departing in January or February. Warm destinations are widely promoted. For example, Delta Air Lines (DAL) sells round-trip tickets from New York City to the Dominican Republic, Cayman Islands and St. Thomas for less than $300.

But a domestic airfare can be particularly inexpensive: Alaska Airlines Group (ALK) promotes one-way regional airfare for as low as $29, and flights from California to Hawaii for as low as $99, according to its website.

Read the full article here.

–Sarina Trangel

Credo Technology stock emerges as a result of better-than-expected results and guidance

2 hours and 40 minutes ago

Credo Technology Group Holding (CRDO) stockholders were clearly very happy with the company’s results and outlook for the current quarter.

Credo stock rose 17% before the bell on Tuesday, a day after the high-speed connectivity solutions company reported fiscal 2026 second-quarter results and issued third-quarter guidance well above analysts’ expectations.

San Jose, California-based Credo reported second-quarter adjusted earnings of $0.67 per share on revenue that rose 272% year-over-year to $268.0 million. Analysts surveyed by Visible Alpha had expected $0.49 and $234.8 million, respectively.

For the current quarter, Credo expects revenue between $335.0 million and $345.0 million, well above the consensus of $247.8 million.

Shares of Credo — which says it provides “reliable, energy-efficient, system-level connectivity solutions for the next generation of applications driven by artificial intelligence, cloud computing and hyperscale networking” — entered Tuesday more than doubling year-to-date.

MongoDB shares rise after results, Outlook easily beats estimates

3 hours and 50 minutes ago

MongoDB’s (MDB) third-quarter fiscal 2026 results easily beat analysts’ expectations. So did the database software maker’s instructions.

Shares of MongoDB rose 23% in premarket trading Tuesday, a day after the company reported adjusted earnings of $1.32 per share on revenue that increased 19% year over year to $628.3 million. Analysts surveyed by Visible Alpha were expecting $0.82 and $594.3 million, respectively.

For the current quarter, the New York-based company expects adjusted EPS of $1.44 to $1.48 on revenue of $665 million to $670 million, both well above consensus estimates.

“Q3 was an exceptional quarter,” said CJ Desai, CEO of MongoDB. “Existing customers are expanding with us and new customer additions continue to demonstrate the strength. Companies across industries and geographies choose MongoDB because we provide a unified data platform that powers today’s mission-critical workloads and also positions them to benefit from the emerging AI platform shift.”

Entering Tuesday, MongoDB shares were up more than 40% this year.

Stock futures point higher after major indexes snapped winning streaks over five sessions

4 hours and 40 minutes ago

Futures tied to the Dow Jones Industrial Average rose 0.2%.

S&P 500 futures rose 0.3%.

Nasdaq 100 futures rose 0.4%.