Closing Bell Movers: Cohu up 3% on raised FY25 HBM memory view

In the opening hour of the evening session, U.S. equity futures are slightly firmer, with S&P 500, Dow Industrials, and Nasdaq 100 all up 0.1%.  In commodities, WTI Crude Oil is building on Tuesday’s gains and a breakout to a two-week high above $64 per barrel, while Precious Metals also remain bid – Gold hit a fresh record highs at $3,740 per ounce as the Dollar Index reached new 2025 lows.

Investors shrugged hotter than expected retail sales data and the morning selloff in Treasuries stalled rather quickly as market participants were reluctant to carry positions into tomorrow’s widely expected start of a new Fed easing campaign.  After consecutive all time highs, major indices also fell on Tuesday, albeit marginally – Energy led the S&P 500 sectors amid a breakout in oil prices, while Utilities was the worst performer, falling on the day after five consecutive winning sessions.  

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• Evolution Petroleum (EPM) up 0.9%

ALSO HIGHER –

• Cohu (COHU) up 3.0% after raising HBM revenue view
• JPMorgan Chase (JPM) up 0.2% after raising dividend

DOWN AFTER EARNINGS –

• Espey Mfg. & Electronics (ESP) down 5.9%
• Flux Power Holdings (FLUX) down 5.7%

ALSO LOWER –

• FedEx (FDX) down 0.4% after downgrade at Evercore