U.S. stocks rebounded sharply on Wednesday, fully erasing last Friday's losses, as upbeat corporate earnings and renewed investor optimism outweighed concerns over escalating trade tensions.
Geospatial technology provider Trimble (NASDAQ:TRMB) reported Q2 CY2025 results exceeding the market’s revenue expectations, but sales were flat year on year at $875.7 million. On top of that, next quarter’s revenue guidance ($870 million at the midpoint) was surprisingly good and 3.6% above what analysts were expecting. Its non-GAAP profit of $0.71 per share was 13.6% above analysts’ consensus estimates.
Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities.
However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.
The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability.
But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy.
The market seems to be debating where we are in the cycle as the industrials stocks were flat over the past six months.
At the same time, the S&P 500 rose by 3.7%.
Each stock in this article is trading near its 52-week high.
These elevated prices usually indicate some degree of investor confidence, business improvements, or favorable market conditions.
Geospatial technology provider Trimble (NASDAQ:TRMB) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 11.8% year on year to $840.6 million. The company expects next quarter’s revenue to be around $830 million, close to analysts’ estimates. Its non-GAAP profit of $0.61 per share was 4.4% above analysts’ consensus estimates.
Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 6.6% over the past six months. This drop was worse than the S&P 500’s 1% decline.
As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the internet of things industry, including Trimble (NASDAQ:TRMB) and its peers.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Wednesday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
