GPC News & Events

The major averages are marginally lower near noon as investors continue to track Middle East tensions ahead of a ceasefire deadline. Sentiment has been supported by hopes around potential Iran-related talks despite uncertainty over the conflict's next phase. Meanwhile, oil was higher once again, though the price remains below $100 per barrel.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Applesaid that John Ternus willof the company, with Tim Cook transitioning to executive chairmanAmazonannounced an additionalUnitedHealthprovided areport for Q1GE Aerospacereportedand reiterated its FY26 guidance3Mreportedand reiterated its FY26 outlook2. WALL STREET CALLS:HSBCIntelto Buy on server CPU shipment growthKeyBancCrowdStriketo Overweight on AI tailwindsExxon Mobilto Peer Perform at Wolfe ResearchGraphic Packagingto Underperform at Raymond JamesNorthcoastCava Groupat Sell on "lofty' valuation3. AROUND THE WEB:Magnum Ice Cream'sshort interest in Europe has increased to 19% of shares available for trading, Bloomberg reportsMatch GroupCEO Spencer Rascoff's "primary focus" is winning over women, hoping this will arrest years of falling numbers and turn around Tinder's trajectory, FT saysA U.S. jury has found Uberliable for a sexual assault by a driver in 2019, handing Uber a second consecutive defeat in its first trials of more than 3,000 pending lawsuits, NY Times saysSalesforceCEO Marc Benioff dismissed the idea of vibe coded CRM replacing SaaS companies, saying data security and compliance make Salesforce indispensable, WSJ reportsDozens of allegations of customer financial fraud by former employees of Gibraltar Life Insurance, a Prudential Groupsubsidiary, have surfaced, Nikkei Asia reports4. MOVERS:Velo3Dhigher after announcing it willas an official sponsor and additive manufacturing technology provider for two 2026 IMSA Michelin Pilot Challenge eventsVaalco Energyincreases after providingfrom its Gabon drilling program and well results from its Etame 14H wellLucidgains after Uberin the companyHycroft Miningfalls after engaging with an engineering firm toAXT Inc. (AXTI) lower after announcing an5. EARNINGS/GUIDANCE:Genuine Partsand reaffirmed its guidance for FY26RTX, with CEO Chris Calio commenting, "RTX delivered a very strong start to 2026"Quest Diagnosticsand raised its guidance for FY26D.R. Hortonand narrowed its guidance for FY26, with CEO David Auld commenting, "The D.R. Horton team delivered a solid second quarter"Synchrony, with EPS beating consensusINDEXES:Near midday, the Dow was down 0.18%, or 86.83, to 49,355.73, the Nasdaq was down 0.18%, or 42.93, to 24,361.47, and the S&P 500 was down 0.27%, or 18.95, to 7,090.19.

Reports revenue $6.3B, consensus $6.16B. "The GPC team delivered first quarter results ahead of expectations, driven by solid sales growth and operating discipline across our business segments," said Will Stengel, Chair-Elect and Chief Executive Officer. "Our performance reflects the strength and resilience of our businesses despite a dynamic global environment. We are simultaneously making strong progress on our announced separation which remains on track for completion in the first quarter of 2027."

Reaffirms total sales growth of 3%-5.5%.

In a regulatory filing, the company states: "On March 18, 2026, Naveen Krishna, the Executive Vice President, Chief Information & Digital Officer of Genuine Parts Company, notified the Company of his intent to resign from the Company to pursue other opportunities. Mr. Krishna will step down as an executive officer of the Company, effective April 1, 2026, but will remain an employee of the Company until May 5, 2026 to assist with an orderly transition of his responsibilities. The Company does not intend to appoint a successor at this time, and all responsibilities associated with Mr. Krishna's role will be reallocated to other individuals within the Company. Mr. Krishna will not receive any severance benefits in connection with his voluntary departure from the Company."