Johnson & Johnson outlook, MP Materials surges: Trending Tickers
MP Materials (MP) stock jumped after Apple (AAPL) announced a $500 million deal to buy rare earth magnets and build a rare earth recycling facility in California.
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Now some more breaking news on the earnings front, as the pharma sector braces for more clarity on tariffs. Johnson & Johnson reporting earnings this morning, kicking off earnings for the healthcare sector. The company reporting second quarter adjusted EPS of $2.77, but keep, keep part of this release really is the company boosting its full-year sales outlook and boosting its full-year earnings outlook, its profit outlook. So Johnson & Johnson now seeing full year adjusted earnings per share in a range of $10.80 to $10.90, previously it had guided for a range of $10.50 to $10.70. On full-year sales, the company now sees a range of $93 or sorry, $93.2 billion to $93.6 billion, previously it had seen a range of 91 to 91.8. So you're seeing stock slightly higher here up a little bit over 1% on this boosted forecast. But key though for the sector, as we had talked about earlier this morning for Johnson & Johnson, is the fact that pretty soon President Trump has warned that there will be tariffs coming on the pharma sector. So it will be interesting to see of course how those could impact this company, what management says on the call about this about those tariffs and looming risks when it comes to that. Now you might have also heard about MP Materials in recent days. That stock closed 20% higher on Tuesday, and this is another trending ticker that I want to highlight for us. That stock is up about 4.5% in pre-market up almost 4% now. The fresh surge in MP, that's the ticker, comes after Apple announced that it would buy rare earth magnets from the company in a $500 million deal. The deal will sell, we'll see Apple and MP materials launch a recycling facility in California for processing and we'll be keeping a close eye on MP materials over the next several sessions.
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