NOMD News & Events

With earnings season mostly in the rearview mirror outside of Nvidia'sQ1 results this week, the macro component has returned to dominate the market narrative, and the global "rate shock" is clearly weighing on sentiment.  US 10-year Treasury Note yield closed above 4.6% for the first time since early 2025 and the 30-year reached 5.15% - both up by over 50 basis points from late February just before the start of the Iran war - as markets continue to fret over stagflation backdrop, sending major indices in the red for much of the day.Similar to Friday, Monday's notable rotation away from the AI disruption trade continued as Semiconductors were largely lower while Software names saw some notable dip-buying.  Names like Cognizant, ServiceNow, and EPAM Systemswere among the leaders in the S&P 500. In turn, the AI infrastructure buildout "winners" like Micronand Sandiskwere among the 10 weakest stocks in the benchmark.In the opening hour of the evening session, U.S. equity futures are modestly higher, with traders responding to the latest Truth Social post from President Trump announcing a delay to resumption of strikes by US military on Iranian infrastructure with hopes for a deal that addresses Tehran's nuclear ambitions.  S&P e-minis and Nasdaq 100 contracts are up about 0.2% while July WTI Crude Oil is down 2% below $102.50 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Agilysysup 13.6%ALSO HIGHER -Penguin Solutionsup 3.5% after naming David Heard, President of Network Infrastructure at Nokia, to BoardNomad Foodsup 1.6% after insider buyDOWN AFTER EARNINGS -XP Inc.down 5.1%Bally's Corporationdown 2.5%Yalla Groupdown 2.5%ALSO LOWER -Compugendown 3.5% after equity offering

The major averages closed mixed, with the S&P 500 and Nasdaq ending lower despite earlier gains, as oil prices keep rising amid continued conflict in the Middle East. Of note, President Trump said the U.S. is in "serious discussions" with Iran to end its military operations. However, he added that if a peace deal is not reached "shortly" and the Strait of Hormuz is not reopened, the U.S. will "conclude our lovely 'stay' in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet 'touched.'" The comments came after the president stated that Tehran had accepted most of the U.S.'s 15-point plan to end the war.Additionally, Federal Reserve chair Jerome Powell said during a discussion at Harvard University that even with rising energy prices, he views inflation expectations as "well anchored beyond the short term." Powell added that he is "optimistic" about the medium- and long-run outlook for the U.S. economy and that the Fed is watching private credit "super carefully."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SyscoJetro Restaurant Depot for a total enterprise value of $29.1BUberglobal chauffeur service leader BlacklaneAuriniaKezar Life Sciencesfor $6.955 per share in cash plus a non-transferable contingent value rightTJX'sboard raised itsand said it plans $2.5B-$2.75B of share repurchases for FY27Apollois near a deal to acquire Atlantic Aviation from KKR,2. WALL STREET CALLS:CrowdStriketo Outperform from Peer Perform at Wolfe ResearchExpediato Buy from Hold at JefferiesInstacartto Buy from Hold at JefferiesDole, Nomad Foodsto Hold at Deutsche BankStarbuckswith an Underperform at BNP Paribas3. AROUND THE WEB:JetBluetold CNBC it is increasing bag fees amid soaring fuel pricesGeneral Motorsis moving to a six days per week production schedule at its Flint plant, Reuters saysBanks led by JPMorganare dealing with pushback related to the terms of a $7.2B debt deal to fund Clayton, Dubilier & Rice's takeover of Sealed Air, Bloomberg reportsYouTubeemployees have admitted their goal was "viewer addiction" and shut down proposed safety tools for kids since they did not provide a sufficient return on investment, NY Post saysAn analysis of billions of anonymized credit card transactions by consumer transaction analysis company Indagari indicates that Claude is seeing record growth in paid subscribers, with subscriptions more than doubling this year according to Anthropic, TechCrunch says4. MOVERS:Compass Diversifiedadvanced after announcing it willto Archer for $292.5MiQiyigained in New York afteron HKEXViridiandeclined after announcing results from itsFermiclosed lower afterBoston Scientificfell after Raymond Jamesits rating on the stock5. EARNINGS/GUIDANCE:Alaska AirprovidedUSA Rare Earth, with CEO Barbara Humpton commenting, "2025 was the year that USA Rare Earth set the foundation to execute our integrated rare earth growth strategy"Spirecut itsNeumora Therapeutics, with EPS missing consensusCBAK Energy Technology, with revenue higher year-over-yearINDEXES:The Dow rose 49.50, or 0.11%, to 45,216.14, the Nasdaq lost 153.72, or 0.73%, to 20,794.64, and the S&P 500 declined 25.13, or 0.39%, to 6,343.72.