Stock Movers: Fannie Mae & Freddie Mac IPO Plans, Gilead Sciences Outlook Boost, Under Armour Plummets

Fannie Mae & Freddie Mac IPO Considerations

• 📈 Fannie Mae and Freddie Mac shares surged, with Fannie Mae up nearly 19% and Freddie Mac up almost 21%.
• 📰 This jump followed a Wall Street Journal report indicating the Trump administration is considering selling stock in these government-controlled mortgage giants later this year.
• 💰 The potential offering could value the companies at $500 billion or more, with an aim to raise approximately $30 billion by selling 5% to 15% of their stock.
• ⚠️ No final decision has been made, and President Trump is still weighing his options.

Gilead Sciences Boosts Outlook

• 🚀 Gilead Sciences was the top performer in the S&P 500 and NASDAQ 100, rising over 8% to a 10-year high.
• 💊 The company raised its full-year guidance following strong HIV drug sales in the second quarter, which helped revenue and earnings surpass analyst expectations.
• 📊 Gilead also increased its annual product sales forecast by about $100 million, signaling positive momentum beyond its core HIV portfolio.

Under Armour's Sales and Profit Woes

• 📉 Under Armour shares plummeted by 18%, marking its worst day since April 3rd.
• ⚠️ The apparel and footwear maker forecast worse-than-expected sales and profit for the current quarter, impacting its turnaround plan.
• 📊 The company's Q2 forecast for adjusted EPS and revenue fell short of consensus expectations, with particular weakness noted in North America.

Other Notable Stock Movements

• 🥤 Monster Beverage saw significant gains, up about 6.5%, after reporting second-quarter earnings and sales that beat analyst estimates, with strong global momentum noted.
• 💻 Trade Desk experienced its worst day since September 2016, down 39%, amid fears that its advertising technology could be overshadowed by Amazon.
• 🥗 Sweet Green dropped 23%, its worst day since November 2021, after cutting its sales guidance and missing second-quarter estimates, with analysts now viewing 2025 as a disappointing year.

Bond Market Activity

• 📉 Treasuries fell across the curve, pushing yields higher by two to three basis points without a clear catalyst.
• 📊 Anticipation of upcoming July CPI and PPI data may be influencing expectations for Federal Reserve rate cuts.
• 🏦 Declines could also reflect overhang from significant new supply in both Treasury and corporate credit markets this week.