HubSpot (HUBS) shares fell 4.1% in afternoon trading Monday after Macquarie downgraded the stock to neutral from outperform and cut its price target to $190 per share from $350.
BNP Paribas also downgraded the stock to neutral with a price target of $210.
Trading volume exceeded 1.8 million shares, compared with a daily average of close to 1.8 million.
Price: $189.30, Change: $-8.05, Percent Change: -4.08%
AECOM (ACM) reported fiscal Q2 adjusted earnings of $1.59 per diluted share, up from $1.25 a year earlier.Analysts polled by FactSet expected $1.55.Revenue in the three months ended March 31 rose to $3.8 billion from $3.77 billion a year earlier.The company boosted full-year adjusted EPS guidance to $5.90 to $6.10 from the prior forecast of $5.85 to $6.05.Analysts polled by FactSet expect $5.92.AECOM shares rose 1.9% in after-hours trading.
Major digital assets were mixed Monday, with Bitcoin (BTC-USD) holding above the $81,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, edged up 0.1% in the past 24 hours. The Nasdaq 100 rose 0.1%, the S&P 500, and the Dow Jones Industrial Average increased 0.2%.Bitcoin rose 0.7% to $81,914, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 102% to $38.45 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 1% to $2,339.XRP (XRP-USD) declined 0.5%, BNB (BNB-USD) added 0.3%, and Solana (SOL-USD) increased 1.8%. Dogecoin (DOGE-USD) added 0.5%, while Cardano (ADA-USD) fell 2.1%.The US 10-year Treasury yield stood at 4.408% at 3 p.m. ET Monday, up from 4.363% Friday, while the five-year yield rose to 4.066% from 4.011%.The total market value of the cryptocurrency industry rose 0.3% in the past 24 hours to $2.73 trillion, with trading volume gaining 0.5% to $166.27 billion.Price: $81961.48, Change: $-202.95, Percent Change: -0.25%
Several major US consumer finance companies are tracking towards their full-year outlooks amid a slight acceleration in the year-over-year consumer spending and loan trends, RBC Capital Markets said in a note e-mailed Monday.Consumer finance companies' first-quarter results have been "durable" and in line with the brokerage's expectations, with credit metrics showing continued improvement on a yearly basis amid consumer resiliency, Jon Arfstrom, associate director of US research at RBC, said in a note to clients."Our view is that investor expectations for spending volumes and loan growth have been gradually rising, which aligns with management-provided 2026 outlooks," Arfstrom wrote. "We also believe that the improvement in credit trends and the healthy economic environment will allow card issuers to thoughtfully lean into growth opportunities."American Express (AXP) is still RBC's preferred stock in the card space as it continues to deliver "peer-leading" bottom- and top-line growth, Arfstrom said.Last month, American Express posted better-than-expected first-quarter results and reiterated its full-year outlook."Card issuers are still reporting improving delinquency and net charge-offs on a year-over-year basis," Arfstrom said in the note. "We expect this trend to continue in the near term, and several management teams are now pointing to the low end of prior NCOs guidance ranges."Ally Financial (ALLY) has seen "solid" auto origination activity, while its credit keeps improving, with margin expansion likely to drive "sustained" earnings improvement, Arfstrom wrote.Capital One Financial's (COF) recent combination with Discover Financial Services is yielding "early revenue synergies, though with management focused on the longer strategic positioning of the company, we expect near-term investment activity to be an expense headwind," according to the note.So far this year, consumer finance stocks have underperformed the broader market amid macro concerns and sentiment, "company-specific headwinds," and concerns regarding a proposed interest rate cap for card issuers, Arfstrom said."In total, we remain positive on the fundamental outlooks, and see support for higher valuations and stock prices as our forecasts are realized," Arfstrom wrote.Price: $313.03, Change: $-3.00, Percent Change: -0.95%