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Top Stock Movers Now: Dayforce, Novo Nordisk, First Solar, and More
Key Takeaways Major U.S. equities indexes were little changed Monday morning, ahead of retail sector earnings reports and comments from Federal Reserve Chair Jerome Powell due later in the week. Novo Nordisk shares climbed after the Food and Drug Administration approved the drugmaker's popular Wegovy weight-loss medicine to treat a serious liver disease. Dayforce shares surged following reports it's held talks about a takeover by private equity firm Thoma Bravo. Major U.S. equities indexes were little changed Monday morning, ahead of retail sector earnings reports and comments from Federal Reserve Chair Jerome Powell due later in the week. Dayforce (DAY) was the best-performing stock in the S&P 500 following a report that private equity firm Thoma Bravo is in discussions to acquire the human resources software provider. U.S.-listed shares of Novo Nordisk (NVO) also advanced after the Food and Drug Administration approved the drugmaker's popular Wegovy weight-loss medicine to treat a serious liver disease. First Solar (FSLR) and other solar stocks gained in the wake of new guidance from the Treasury Department on federal tax incentives for clean energy projects. Citi and Jefferies analysts said the release was better than anticipated. CVS Health (CVS) shares rose following an upgrade from UBS, which pointed to the drugstore and healthcare company's cost-cutting and improving healthcare benefits division. EQT (EQT) shares fell as the energy provider was downgraded from Roth Capital Partners on concerns an oversupply of natural gas will send prices down and hurt EQT's results. Oil and gold futures slid. The yield on the 10-year Treasury note was little changed. The U.S. dollar gained on the euro, pound, and yen. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
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Air Canada flight attendant strike enters third day, bleeding carrier $60M daily: Analyst
Air Canada ( has paused its financial guidance as its flight attendants' strike enters its third day, costing the airline an estimated $60 million in daily revenue, according to National Bank analyst Cameron Doerksen. Previously, Doerksen had forecast Air Canada's third-quarter revenue at $68 million. The airline is still generating some revenue because Air Canada Express regional flights continue. These flights account for roughly 20 per cent of passengers, but likely represent a smaller share of revenue, he says in a note. Last Saturday, Air Canada's flight attendants went on strike, grounding most of the airline's flights. However, the federal government intervened, directing the Canadian Industrial Relations Board (CIRB) to impose a process of binding arbitration, which the CIRB did on Sunday. Subsequently, the CIRB issued a return-to-work order, directing both Air Canada and its flight attendants to resume operations. The Canadian Union of Public Employees, which represents the flight attendants, has not complied. In response, the CIRB declared the walkout illegal and ordered the union to provide written confirmation by noon Monday that it has revoked the strike authorization. Although the airline is not paying to operate flights during the strike, it continues to face significant fixed costs. For comparison, in the early months of the COVID-19 shutdown, Air Canada's daily EBITDA (earnings before interest, taxes, depreciation and amortization) loss was $9 million. This time, Doerksen estimates losses could reach $25 million per day since operations are structured for a quick restart. National Bank's EBITDA forecast for the third quarter remains at $1.3 billion. Lower-than-projected jet fuel prices might partially offset the labour disruption costs, however. Doerksen cites fuel at $0.85 per litre versus $0.90, and $0.95 per litre projected in Air Canada's fourth quarter, which could provide a $185 million boost to National Bank's 2025 EBITDA estimate. Doerksen doesn't expect the strike to last much longer, citing the disruption to travellers and the broader Canadian economy. Once resolved, he expects a 40 per cent increase in flight attendant compensation, representing a 1.2 per cent overall cost increase for Air Canada over four years. 'Considering that the same union represents most flight attendants at other airlines, whatever contract structure Air Canada negotiates will be a template for future contracts at other carriers,' he added. 'As such, we do not see Air Canada being competitively disadvantaged.' Doerksen expects Air Canada to continue to outperform, despite current negative sentiment. As at 11:00 a.m. ET Monday, Air Canada's stock was trading at $19.42 per share, down 1.74 per cent. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
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Corporate Technologies Acquires Cenetric in Kansas City, Expanding to Its 18th U.S. Market
EDEN PRAIRIE, Minn., Aug. 18, 2025 /PRNewswire/ -- Corporate Technologies, a national leader in managed IT services, cybersecurity, and cloud solutions, has announced its acquisition of Cenetric, a Kansas City-based MSP serving small and mid-sized businesses. This marks Corporate Technologies' 18th market expansion as part of its ongoing nationwide growth strategy. Cenetric is recognized as one of the top 10 IT companies in the Kansas City area, as awarded by the Greater Kansas City Chamber of Commerce. "Brittany has built an exceptional business," said Jim Griffith, CEO of Corporate Technologies. "Cenetric's reputation and client-first approach make it a perfect fit. We're thrilled to welcome Brittany and her team." Brittany Fugate, Founder and CEO of Cenetric, said: "This partnership allows us to continue putting people first, both clients and employees, while gaining new capabilities. We're excited to join forces with a company that shares our values and vision." This acquisition is Corporate Technologies' eighth overall, and its third since partnering with Tonka Bay Equity Partners in July 2023. With this addition, Corporate Technologies continues to strengthen its position as a national provider focused on delivering proactive IT, cybersecurity, and cloud solutions to businesses across the U.S. About Corporate TechnologiesFounded in 1981, Corporate Technologies is a trusted provider of managed IT services, cybersecurity solutions, and disaster recovery for businesses nationwide. The company serves over 1,600 clients and is recognized for its commitment to customer success. Contact: Ugur Gulaydin, View original content to download multimedia: SOURCE Corporate Technologies, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
