This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.
Below are top 10 S&P 500 stock gainers for the week ended Apr. 3:
Lumentum Holdings Climbs on AI Optimism, Expansion
Lumentum Holdings rallied for a second day on Wednesday, jumping 8.81 percent to close at $764.65 apiece, as investors poured funds back into artificial intelligence stocks, supported by its planned manufacturing expansion in the US.
In a statement earlier, Lumentum Holdings Inc. (NASDAQ:LITE) said that it recently acquired a new 240,000-square-foot facility from chipmaker Qorvo, which it will redevelop for the production of its indium phosphide (InP)-based optical devices.
The facility is currently operational and was selected for its highly skilled workforce, robust infrastructure, and supportive federal and state economic development environment.
Intel to Pay $14 Billion to Buy Back Apollo Stake in Ireland Plant
Intel Corp., the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management.
The transaction will be financed with cash on hand and the issuance of about $6.5 billion in new debt, Intel said in a statement Wednesday. The deal is expected to add to the chipmaker’s earnings per share.
Apollo had paid $11.2 billion for 49% of what became a joint venture — a business that took ownership of a factory called Fab 34 in 2024. The deal raised cash that Intel said it needed for new production technology at the facility and others in the US.
FactSet Research (FDS) Beats Q2 Earnings and Revenue Estimates
FactSet Research (FDS) came out with quarterly earnings of $4.46 per share, beating the Zacks Consensus Estimate of $4.37 per share. This compares to earnings of $4.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.03%. A quarter ago, it was expected that this financial data firm would post earnings of $4.39 per share when it actually produced earnings of $4.51, delivering a surprise of +2.73%.
Comments