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We're looking at some of today's trending tickers. Coreweave, defense stocks, and GE aerospace making some of the biggest moves today. First up, we have Coreweave, Wall Street analyst initiating coverage of the cloud provider following its IPO in March. Among the five major brokerages covering the shares, Goldman Sachs setting the highest price target at $54 while J.P. Morgan has the lowest at $43. Jeffries has a buy rating and a $51 price target while Barclays has an overweight rating and a $48 price target. The stock was priced at $40 in its IPO. You can see those shares moving to the upside here, but still below where they were at on that IPO day. Kenny, how do you think about a stock like Coreweave in this environment?

Listen, I think Coreweave is going to play a major role in the middle of the AI space, right? So I think it's a name, um, uh, while it's relatively new in terms of its IPO, I think it's a name that you should have some exposure to. And I think when you look at the, the different ratings that the, that the firms have, and Jeffries just came out today with their rating, right? Um, uh, that the stock is a name that you want to have exposure to. So you want to have in your portfolio. Not a ton of it necessarily, but I think it, I think it's going to benefit certainly in this AI environment.

All right, something else that we are watching in this environment, defense stocks getting dragged by tariff uncertainty today. RTX issuing disappointing guidance, warning that President Trump's tariffs could pose a significant risk to operating profit. Meantime, Northrop Grumman missing first quarter expectations and cutting its earnings forecast for the year as costs mount for its next generation B-21 stealth bomber. Meantime, Lockheed Martin reporting a higher first quarter profit and reaffirming its full year forecast boosted by resilient demand. And Kenny, something that's been keenly a focus over the course of the administration so far is government spending, obviously something that impacts a lot of these defense names. How do you keep up with that?

So, you listen, it's like anything, right? You pay attention to what's going on. You see what they're, you see what they're, uh, what these companies are guiding on, where they're, where their expertise is. Uh, look, they're, they're all in the same space. Northrup Grumman and Lockheed, they're saying space. Lockheed came out great earnings. Northrup was a little bit cautious. I think you have to watch, see what the differences are in terms of, uh, of, of the role they play within the aerospace and defense, uh, sector, which I actually like as a, as a sector in general. Um, and then you have to go from there. I think the, the negative guidance from both those, from the two companies this morning, certainly is what's causing, is causing the pressure on that. It's just that investors are not sure if they're, if they're giving negative guidance and they're still not, they, they feel unsettled about it. Then the first thing investors are going to do is hit the sell button.

Yeah, absolutely. And something that we will likely see throughout this earning cycle. Finally, though, GE Aerospace topping first quarter earnings expectations. The jet engine maker seeing gains from its defense businesses and commercial engines and services unit. The company says it is working to offset the impact of President Trump's tariffs with price increases, cost controls. This does come after the CEO met with the President earlier this month to explain how a quote tariff-free regime has benefited the aerospace supply chain. You can see those shares moving up. This is exactly what we were just talking about.

Exactly.

Kind of, no, just an, uh, ability for a company to come out and say we have the ability to withstand the impact of these terrorists.

Correct. And, and they just did, and look what's happening, right? Investors will, will, uh, will reward that.

It'll, I think it'll be interesting to see whether or not investors reward companies that prove that they can offset these tariffs versus those that say we've got two potential options.

Yeah. Yeah. And so I think that, I think that'll be, look, United Airlines came out and said it, you know, last week where they gave two different scenarios. If this happens, then this is what our guidance could be, but if this happens, then this is what our guidance is going to be, right? So, it's very interesting, but companies that come out and say, just like GE said, they have the ability and they can do it, and they're sticking to their forecast, that's going to be rewarded.

Absolutely. And by the way, you can scan the QR code on your screen to check out the best and worst performing stocks with Yahoo Finance's trending tickers page.