Here we will introduce companies that have become a hot topic in intraday trading. Akamai — The cloud computing stock fell 6% after the company announced a proposed issuance of $2.6 billion worth of convertible notes. Home Builders — Home construction stocks fell as the 10-year U.S. Treasury yield hit its highest level since January 2025. Benchmark yields are closely tied to consumer interest rates, including the interest rates charged on mortgages. The iShares U.S. Home Construction ETF (ITB) fell about 1%, as did Lennar. DR Horton and Toll Brothers fell about 2%. Micron Technology — Shares rose more than 2%, sending the memory chip maker on its way to its first bull run after three consecutive days of losses. SanDisk stock rose about 4%, and Round Hill Memory ETF (DRAM) stock rose nearly 1%. Investors have been selling off memory plays in recent days, weighing on the market. Marvell Technology — Shares of the chipmaker soared 4% after Evercore ISI raised its price target. The company reiterated its outperform rating and raised its price target to $155 from $133, suggesting the stock could fall 8% from Monday’s closing price. This is an improvement from the previous call for a 21% drop. Evercore analysts wrote of Marvell in a Monday report that its “role appears to be becoming increasingly strategic, particularly through its work connecting NVDA and custom AI.” Home Depot — Shares of the home improvement retailer rose 0.9% after the company reported better-than-expected sales and profits. Adjusted earnings per share were $3.43, beating the $3.41 per share expected by analysts surveyed by LSEG. Sales were $41.77 billion, exceeding expectations of $41.52 billion. Amer Sports — Shares rose 2% after the sportswear company behind the Wilson and Salomon brands reported first-quarter results that beat analysts’ expectations. Excluding items, earnings per share were 38 cents, beating the FactSet consensus estimate of 31 cents per share. Sales also exceeded expectations of $1.84 billion at $1.95 billion. Blackstone, Alphabet — These two stocks reversed their earlier gains and fell. Blackstone announced that it will invest $5 billion in capital in a new artificial intelligence infrastructure company in collaboration with Google. Shares of Blackstone and Google’s parent company Alphabet fell 2%. Shake Shack — The burger chain’s stock rose 7% after six insiders, including its CEO, bought a total of about $3.2 million in company stock, according to a regulatory filing. —CNBC’s Nick Wells and Darla Mercado contributed to this report. Markets change and headlines fade, but the fundamental principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to everyday individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
