Cooper Companies (COO) plunged by 14.67% to close at $54.17 on Thursday. The firm posted revenue of $1.07 billion (+0.9% Y/Y). For the fourth quarter, revenue of up to $1.08 billion is below consensus estimates.
Cooper is also expecting non-GAAP EPS of $4.51 - $4.55 this year, whereas analysts expected $4.63.
In the mining sector, the White House injected uncertainty that sent Freeport-McMoRan (FCX) down by 6.59%. Reuters reported that the Administration has not decided yet on refined copper tariffs. It sought to balance concerns about higher prices against the need for domestic mining to stockpile critical minerals.
FCX stock has an attractive growth, profit, and momentum profile. But shares trade at a premium, so investors may be able to wait for a better entry price.
Baker Hughes (BKR) fell by 6.66% to close at $59.40. The firm hiked its guidance for the full year. It is expecting revenue of $28.5 billion to $30.3 billion. This is up from a previous forecast of $26.65 billion to $28.05 billion.
BKR stock should trade higher since its book-to-bill ratio is above one. In the second half, it will continue to convert its backlog to sales. Additionally, it will achieve integration synergies. The business momentum will boost its profits.
Related Stories
