Stock Movers: Netflix, Meta, CrowdStrike, Five Below, MongoDB, and Energy ETFs

Stock Gainers

• 🚀 Netflix shares saw a price target increase from UBS to $1450, citing supportive secular trends and competitive dynamics for stronger monetization and operating leverage. The stock is up nearly 40% this year.
• 💡 Meta's shares are rising following a 20-year nuclear power deal with Constellation Energy, underscoring its interest in using AI for advertising.
• 📈 Booking Holdings (BKNG) received an overweight rating and a price target increase from JP Morgan to $6,000, with analysts focused on how travel companies are navigating economic uncertainty and trade wars.
• 💰 MongoDB boosted its full-year adjusted EPS forecast and beat first-quarter estimates, with its stock up about 9% in after-hours trading, a much-needed gain after being down 14% year-to-date.

Stock Decliners

• ⚠️ CrowdStrike dropped over 5% after projecting current-period revenue below estimates and announcing a 5% global workforce reduction. The cybersecurity firm also received inquiries from the DOJ and SEC regarding its accounting.
• 📉 Five Below shares fell in after-hours trading despite beating first-quarter EPS estimates, as its second-quarter EPS guidance was below street expectations. However, full-year net sales guidance was raised.
• 🛢️ The XLE energy stock ETF closed down nearly 2%, with energy being the worst-performing sector in the S&P 500 due to Saudi Arabia pushing for increased output from OPEC+ and falling crude oil prices.
• 💸 Dollar Tree issued a warning, expecting second-quarter profit to be down as much as 50% year-over-year due to tariff-related costs, making it more exposed than Dollar General.

Market Movements

• 📊 US Treasury yields saw significant movement, initially higher but then declining sharply after the ADP report and ISM services report. The 10-year yield dropped 8-9 basis points, and the 30-year yield dropped about 10 basis points.
• 🏦 The swap market revised its forecast for the Federal Reserve, now pricing in at least three potential rate cuts this year and increased certainty for a cut by September.