Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- GE Aerospace (GE) is higher after reporting first-quarter profit that beat Wall Street's expectations due to strong demand for air travel.
- RTX Corp (RTX) shares are also higher after it raised its profit and sales forecasts for the year due to robust air travel and growing demand for military hardware. RTX's defense business and aerospace units showed gains, with sales at its Raytheon unit rising 10% and sales at its Pratt and Whitney jet-engine unit rising 11%.
- UnitedHealth Group (UNH) share are climbing after the health insurer boosted its adjusted earnings per share forecast for the full year. Its first quarter profits also beat Wall Street’s expectations.
- 3M (MMM) is jumping after its profit beat Wall Street’s expectations to start the year, a sign that the conglomerate’s push to prioritize higher-growth markets and accelerate new product introductions is gaining traction even in volatile economy.