Check out the companies making headlines in premarket trading. Super Micro Computer — Shares soared 21% after the technology company met the Nasdaq’s listing deadline to report financial results for the most recent fiscal year to the Securities and Exchange Commission. The firm said it has “regained compliance” with the Nasdaq for its filling requirements. General Motors — Shares popped almost 4% after announcing an increase of its quarterly dividend by 25% to 15 cents per share. The automaker also initiated a $6 billion share repurchase plan, with $2 billion in buybacks slated for the second quarter. Anheuser-Busch InBev — Shares of the beermaker jumped more than 8% after a fourth-quarter earnings beat . Anheuser-Busch InBev earned 88 cents per share, excluding items, which was above the 69 cents per share projected by analysts, according to FactSet. Revenue of $14.84 billion topped expectations of $14.18 billion. Revenue and underlying profit rose year over year despite a 1.9% decline in sales volume. Stellantis — The automaker slid 3% after reporting a 70% drop in full-year profit. Stellantis recorded 2024 net profit of 5.5 billion euros, under the consensus estimate of 6.4 billion from analysts polled by LSEG. Lowe’s — The home improvement stock popped nearly 4% after posting a fiscal fourth-quarter earnings and revenue beat . In the last quarter, Lowe’s earned $1.93 per share, after adjustments, on $18.55 billion in revenue, exceeding the $1.84 and $18.29 billion, respectively, that analysts polled by LSEG predicted. Lowe’s said full-year total sales could see modest growth. Lucid Group — The electric vehicle maker’s shares fell 8% in premarket trading after the company said it expects to more than double vehicle production this year to 20,000 units. Lucid reported a narrower-than-expected fourth-quarter loss. The firm also said CEO Peter Rawlinson has stepped down. Alibaba — U.S.-listed shares of the China-based company popped about 5% after Alibaba said its AI video generation model would be free to use . Alibaba said the four models in its Wan2.1 series would be available on Alibaba Cloud’s Model Scope and the Hugging Face platforms. Workday — Shares rallied nearly 11%. The finance and human resources software maker reported adjusted earnings of $1.92 per share for the fourth quarter, topping profit of $1.78 per share expected by a LSEG analyst poll. Revenue came in at $2.21 billion, more than the $2.18 billion consensus estimate. Instacart — The grocery delivery platform dove more than 8%. Instacart reported fourth-quarter revenue of $883 million, below the $891 million estimate from LSEG. The company expects adjusted EBITDA of between $220 million and $230 million in the current quarter, which is lower than the forecast of $237.1 million FactSet. Cava Group — Shares of the restaurant company added almost 4% after fourth-quarter revenue of $227 million beat analysts’ forecast of $224 million, according to LSEG. However, quarterly earnings missed analysts’ estimates and its annual same-store sales forecast came out below estimates due to weak demand. Intuit — The tax software stock jumped 8% on stronger-than-expected earnings for the fiscal second quarter. Intuit earned an adjusted $3.32 per share on $3.96 billion in revenue, while analysts polled by LSEG penciled in a profit of $2.58 a share and revenue $3.83 billion. Dlocal — U.S.-listed shares of the Uruguayan payment platform advanced 6% on the back of JPMorgan’s upgrade to overweight from neutral. JPMorgan said the stock is at an attractive entry point with lower expectations and a formidable path for growth. Confluent — The data streaming stock added 4% on the heels of UBS’ upgrade to buy from neutral. UBS cited optimistic customer outlooks and potential upside tied to AI as some of the drivers of the call. Lumen Technologies — Shares rallied more than 6% after Citi upgraded the telecommunications company to buy/high risk, saying Lumen is poised to expand consolidated EBITDA “significantly” on an annual basis in 2026. Citi’s $6.50 price target, lowered from $8 previously, nevertheless implies more than 45% upside from Tuesday’s close. TJX Companies — The discount retailer ticked nearly 3% higher after beating earnings expectations for the fiscal fourth quarter. The Marshall’s and Home Goods parent earned $1.23 per share, beating the consensus forecast from analysts polled by LSEG by 7 cents a share. TJX also recorded $16.35 billion in revenue, topping the $16.20 billion prediction from Wall Street. — CNBC’s Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox, Sarah Min and Jesse Pound contributed reporting
Check out the companies making headlines in midday trading: T-Mobile — Shares pulled back 11% after the company’s wireless subscribers for the first quarter missed Wall Street estimates. T-Mobile reported 495,000 postpaid phone additions in the first-quarter, while analysts polled by StreetAccount were looking for 504,000. Alphabet — The Google parent company gained about 2% on the heels of better-than-expected first-quarter results . Alphabet reported $2.81 per share on revenue of $90.23 billion, while analysts polled by LSEG forecast $2.01 in earnings per share and $89.12 billion in revenue. Skechers — Shares fell 4.8% after the footwear maker posted weaker-than-expected revenue for the first quarter and withdrew its 2025 guidance due to ” macroeconomic uncertainty stemming from global trade policies .” The company’s earnings for the quarter came in above analysts’ estimates, however. Gilead Sciences — The biopharmaceutical stock fell 2.5% after first-quarter revenue came in at $6.67 billion, missing the consensus forecast of $6.81 billion from analysts polled by LSEG. However, the company earned $1.81 per share, excluding items, in the quarter, beating Wall Street’s estimate of $1.79 a share. Saia — Shares of the shipping company fell 31% after first-quarter results missed estimates and showed a slowdown in March. Saia reported $1.86 in earnings per share on $787.6 million in revenue. Analysts surveyed by FactSet were expecting $2.76 in earnings per share on $812.8 million in revenue. BMO Capital Markets downgraded the stock to market perform from outperform and said the issues were “company specific.” Intel — The chipmaker declined 7% after Intel’s current quarter missed investors’ expectations. Intel forecast revenue in the June quarter of $11.8 billion at the midpoint, while consensus forecasts called for $12.82 billion, per LSEG. Management anticipates earnings will break even. Intel also announced plans to reduce both its operational and capital expenses. Boston Beer — Shares of the Samuel Adams brewer were more than 1% higher after better-than-expected first-quarter results. Boston Beer notched earnings per share of $2.16 on revenue of $453.9 million, while analysts polled by FactSet were looking for 56 cents per share on revenue of $435.6 million. Boston Beer cautioned that tariffs could hurt full-year earnings. Tesla — The Elon Musk-helmed electric vehicle company surged 10%. Shares have advanced more than 17% this week as the broader market tries to recover from a steep sell-off for much of April. — CNBC’s Jesse Pound, Alex Harring and Sean Conlon contributed reporting. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
Check out the companies making headlines before the bell: Meta Platforms — The Facebook and Instagram parent jumped about 3%. Meta cut staff in its Reality Labs division, CNBC reported. Alphabet — The Google and YouTube owner climbed more than 4% after first-quarter results topped Wall Street expectations. Alphabet earned $2.81 per share on $90.23 billion in revenue for the quarter, while analysts surveyed by LSEG had estimated $2.01 per share and $89.12 billion in revenue. T-Mobile — Shares of the telecommunications company fell 5.5% after it reported fewer first-quarter wireless phone subscribers than the Street expected, seeing 495,000 postpaid phone additions versus analysts’ call for 504,000, according to StreetAccount. Earnings and revenue for the first quarter topped Street estimates. Intel — The chipmaker fell 7.2% after the outlook for the current quarter disappointed investors. Intel guided for revenue in the June quarter to come in at $11.8 billion at the midpoint, less than consensus calls for $12.82 billion, according to LSEG. Management anticipates earnings will break even. Intel also announced plans to reduce its operational and capital expenses. Gilead Sciences — The biopharmaceutical stock slid 3.9% after posting first-quarter revenue of $6.67 billion, missing the consensus estimate of $6.81 billion from analysts polled by LSEG. Gilead earned $1.81 per share, excluding items, in the quarter, while Wall Street penciled in $1.79. Skechers — The footwear maker slumped 6% after reporting lower-than-expected first-quarter revenue and withdrew its 2025 forward financial forecasts on account of ” macroeconomic uncertainty stemming from global trade policies .” Skechers’ bottom-line results came in above analysts’ forecasts. Charles Schwab — The financial services provider advanced 1.4% after Goldman Sachs upgraded shares to buy from neutral, calling Schwab a resilient growth stock amid an uncertain backdrop. Hasbro — The toy company rose about 1% one day after soaring 15%. Citigroup raised its investment opinion to buy from neutral, saying Hasbro’s stronger-than-expected Wizards of the Coast business outweighs any uncertainty stemming from tariff policy, according to analyst James Hardiman. Boston Beer — Shares of the Samuel Adams brewer rose nearly 3% after first-quarter results beat expectations. Boston Beer generated $2.16 in earnings per share on $453.9 million of revenue, while analysts surveyed by FactSet looked for 56 cents per share on $435.6 million in revenue. Boston Beer warned in its outlook that tariffs could hurt full-year earnings. — CNBC’s Alex Harring and Jesse Pound contributed reporting. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
“I think having that professionally managed portfolio is really beneficial to clients,” Coyne told CNBC’s “ETF Edge” this week. “We’re seeing just… greater volatility [and] uncertainty across both the equity and fixed income markets.“
According to Coyne, the T. Rowe Price Capital Appreciation Equity ETF suits investors who are looking for long-term growth.
“The objective of the fund is to outperform the S&P 500 with lower volatility and greater tax efficiency,” he said. “It’s also a more concentrated portfolio, typically holding around a hundred names.”
The T. Rowe Price Capital Appreciation Equity ETF is down about 5% so far this year while the S&P 500 is off about 7% However, the ETF is up close to 8% over the past year — roughly identical to the S&P 500’s performance.
Coyne notes the T. Rowe Price U.S. Equity Research ETF follows a similar strategy, but with a heavier weighting in top tech stocks.
“This is more of a large-cap growth product [T Rowe Price U.S. Equity Research ETF],” he said. “There are components of characteristics of both passive and active here. This fund is actually managed by our North American directors of research. So again, strong fundamental research is going into the stock selection.”
Both the T. Rowe Price U.S. Equity Research ETF and S&P 500 are down around 7% since the beginning of the year. Meanwhile, the fund is up almost 9% over the past year. That’s less than one percent better than the S&P 500’s performance.
T. Rowe Price U.S. Equity Research ETF vs. S&P 500
‘Some form of bear market’
Strategas Securities’ Todd Sohn thinks investment demand for active managers will continue to be strong.
“This is the type of the environment where it [active management] can actually shine,” the firm’s senior ETF and technical strategist said. “We are in some form of bear market. This is where the active manager really can come into hand and offer their solution they are doing right.”