Weekly Winners|GE Vernova And Dollar General Soared 8%; Intuit Jumps 7%; Moderna Surged 5.6%

Tiger Newspress
25 May

This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.

Below are the top 10 S&P 500 stock gainers for the week ended May 23:

GE Vernova outlook upgraded to positive at S&P on rising profitability

S&P Global Ratings has revised its outlook for GE Vernova Inc. to positive from stable, citing rapidly improving profitability. The company’s ’BBB-’ rating has been affirmed. GE Vernova has significantly improved its profitability, with S&P Global Ratings-adjusted EBITDA margins increasing to approximately 6.4% from around 1.1% between the end of 2023 and the end of the first quarter of 2025.

The positive outlook reflects expectations of strong demand for power in the coming years to support data centers, which will benefit GE Vernova. S&P Global Ratings expects GE Vernova’s adjusted EBITDA margins to approach 10% over the next 12-24 months. The company has also set an aggressive target to reach 14% adjusted EBITDA margins by 2028.

Dollar General stock target raised to $120 by Bernstein

On Saturday, Bernstein analysts adjusted their outlook on Dollar General (NYSE:DG) shares, citing improved performance forecasts. The price target for the retail chain was increased to $120.00, up from the previous $105.00, while maintaining an Outperform rating on the stock. The company’s shares, currently trading at $101.39, have shown strong momentum with a 37.25% gain over the past six months and an impressive 35.64% return year-to-date.

The revision in the price target comes as Bernstein analysts, including Zhihan Ma, anticipate higher comparable sales for the second to fourth quarters of fiscal year 2025 and for fiscal year 2026. According to InvestingPro data, eight analysts have recently revised their earnings estimates upward for the upcoming period, suggesting growing confidence in the company’s outlook. The analysts expect Dollar General to benefit from consumers trading down to more affordable options amid varying economic conditions.

Intuit's Fiscal Q3 Performance Driven by Tax Segment Strength, Morgan Stanley Says

Intuit's (INTU) better-than-expected fiscal Q3 results were driven by strong growth in TurboTax Live and Consumer Tax revenue, Morgan Stanley said Friday in a research note.

The company reported non-GAAP earnings of $11.65 per diluted share for the quarter ended April 30, ahead of the Street consensus of $10.93. Revenue rose to $7.75 billion, topping expectations of $7.57 billion. Intuit also raised its fiscal 2025 revenue and EPS guidance.

TurboTax Live revenue jumped 47% year over year, with unit growth of 24%, a sharp acceleration from last year's 17% and 12%, respectively. Consumer Tax revenue grew 11% year over year, beating the Street's 8% estimate, which likely prompted management to raise its fiscal 2025 segment outlook from 7-8% to 10%, the brokerage said.

Moderna Stock Jumps on New FDA COVID-19 Booster Guidelines

Shares of Moderna surged 5.6% this week, after the Food and Drug Administration (FDA) issued new guidance for COVID-19 vaccine boosters for healthy Americans under age 65.

FDA Commissioner Marty Makary and Center for Biologics Evaluation and Research director Vinay Prasad wrote in The New England Journal of Medicine that the agency's "new Covid-19 philosophy represents a balance of regulatory flexibility and a commitment to gold-standard science. The FDA will approve vaccines for high-risk persons and, at the same time, demand robust, gold-standard data on persons at low risk."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10