On Thursday, three companies traded on heavy volume, while their stock prices fell by a meaningful amount.
GE Aerospace (GE) fell by 7.38% to close at $295. The company posted fourth-quarter and full-year results. CEO Culp said that orders increased by 74% in the quarter, revenue increased by 20%, and EPS grew by 19% to $1.57. The negative market reaction is likely profit-taking. Stock markets priced in the strong results, giving investors who missed GE stock a chance to start a position.
Abbott Laboratories (ABT) lost 10.04% to close at $108.61, a new low for the year. Revenue of $11.46 billion is up by 4.5% Y/Y. The EPS outlook is also strong. Still, markets are doubtful about the current CEO, Robert Ford. He must demonstrate that the Exact Science acquisition, in which it paid $21 billion, will achieve cost synergies.
McCormick & Co. (MKC) extended its downtrend that started a year ago. MKC stock fell by 8.05% on Thursday after the firm reported a $0.86 earnings per share (non-GAAP).
Revenue increased by 2.8% Y/Y to $1.85 billion. Markets did not react positively to the 1% - 3% in organic sales growth target for 2026.
Management warned that ongoing tariff exposure and costs related to an enterprise resource planning software project were significant challenges. It will mitigate risks by identifying productivity savings, reducing SG&A costs, and managing its supply chain.
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