GM, LMT, NVDA and more
Check out the companies making headlines in midday trading: JetBlue — Shares plunged 26% after the airline shared a disappointing cost outlook . JetBlue estimated that its unit costs, excluding fuel, could rise as much as 7% year over year in 2025 and 10% year over year for the first quarter. Despite this, JetBlue beat analysts’ estimates for its fourth-quarter results. Lockheed Martin — Shares of the aerospace and defense company dropped 8% after issuing disappointing forward guidance and top-line results. Lockheed posted revenue of $18.62 billion, while analysts polled by LSEG expected $18.91 billion. The company’s full-year earnings guidance range missed the consensus forecast, according to FactSet. RTX — The defense stock climbed 2% on better-than-expected fourth-quarter results. RTX posted $1.54 in earnings per share on revenue of $21.62 billion. Analysts expected a profit of $1.38 per share on revenue of $20.54 billion. General Motors — Shares tumbled 9.5% despite the automaker’s better-than-expected fourth-quarter results. GM reported $1.92 per share in earnings, excluding items, on revenue of $47.70 billion. Analysts polled by LSEG expected $1.89 per share and $43.93 billion in revenue. On the company’s earnings call, analysts expressed concerns regarding the effects of potential tariffs on vehicle production, as electric vehicle pricing and sales from policy change. Boeing — Shares of the aerospace company advanced 4% after CEO Kelly Ortberg said Boeing is making progress on its recovery, including by focusing on stabilizing its production. Boeing’s fourth-quarter results missed analysts’ estimates , however. The company reported an adjusted loss of $5.90 per share, while analysts polled by LSEG expected a loss of $3. Fourth-quarter revenue came out at $15.24 billion, also missing estimates that called for $16.21 billion. Cruise stocks — Royal Caribbean shares spiked 12.5% higher after the cruise line operator reported an earnings beat and gave first-quarter and full-year guidance that exceeded expectations. The company said it expects increased demand to lead to “another great year.” Shares of Carnival and Norwegian Cruise Lines also moved more than 7% each. Synchrony Financial — Shares dropped 4% after the consumer financial services company posted fourth-quarter earnings that disappointed expectations. Synchrony Financial reported a fourth-quarter profit of $1.91 per share, lower than the FactSet consensus estimate of $1.93. Victoria’s Secret — Shares jumped 3% after receiving a ratings upgrade to overweight from neutral by Barclays. The firm cited increased confidence in Victoria’s Secret’s ability to grow its revenues and operating margin. Brighthouse Financial — The life insurance stock soared 17% after The Financial Times reported that the company is looking to sell itself. Nvidia — The chipmaking giant climbed 6% after selling off 17% the prior day. Shares of peer firms with large AI exposure, such as Oracle and Marvell Technology, also added more than 2% each. Crypto stocks — Bitcoin miners that sell power to AI companies extended declines from Monday’s DeepSeek-driven sell-off, as the market broadly rebounded. Core Scientific and Iren , formerly known as Iris Energy, dipped 7% and 4%, respectively. Bitdeer — which sells bitcoin rigs in addition to running its own bitcoin mining and AI data center businesses — gained 5%. Cybersecurity stocks — CrowdStrike jumped 8%, hitting a new all-time high, as the cybersecurity sector rallied on the back of the DeepSeek-led market sell-off. Shares of Palo Alto Networks and Okta advanced around 3.6% and 5%, respectively, while Zscaler soared 6.7%. — CNBC’s Pia Singh, Tanaya Macheel, Sarah Min, Michelle Fox and Lisa Kailai Han contributed reporting.
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