In This Article:
Here are some of the stocks on the move midday on Thursday, March 27.
Avis Budget Group (CAR) and Hertz (HTZ) Global are seeing their shares jump on President Trump's auto tariffs.
Northrop Grumman (NOC) was upgraded to Outperform at RBC Capital.
Petco Health and Wellness (WOOF) shares are soaring after issuing better-than-expected guidance.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's Market Minute. US stocks waver as President Trump moves ahead with hefty new tariffs on auto imports. Shares of car rental companies Avis Budget Group and Hertz Global surged on the heels of that 25% tariff on imported vehicles. The incoming new duties raised the prospects of consumers opting for car rentals instead of purchasing new vehicles. Northrop Grumman getting a lift as RBC Capital Markets raises its rating on that stock from sector perform to outperform. The firm also raising its price target on the stock to 575. RBC Capital highlighting the positive shift in sentiment has significant room to run. And lastly, Petco Health shares surging after adjusted EBITDA guidance tops analyst expectations. City noting that prioritizing of EBITDA growth and cash flow over sales should help shares see a relief rally. That's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below.