Crude Oil Gains 3%; 3M Posts Better-Than-Expected Q1 Results - 3M (NYSE:MMM), Herc Holdings (NYSE:HRI)

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 500 points on Tuesday.

The Dow traded up 2.83% to 39,250.25 while the NASDAQ gained 3.32% to 16,398.32. The S&P 500 also rose, gaining, 2.88% to 5,306.70.

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Leading and Lagging Sectors

Consumer discretionary shares jumped by 2.3% on Tuesday.

In trading on Monday, industrials shares rose by just 0.8%.

Top Headline

3M Company MMM reported better-than-expected first-quarter 2025 results.

The company reported net sales of $5.95 billion, a decline of 1.0% year-over-year (Y/Y), beating the consensus of $5.781 billion. Adjusted EPS was $1.88, up 10% Y/Y, beating the consensus of $1.77.

3M said it sees 2025 adjusted EPS of $7.60-$7.90 (Vs. cons. $7.75) and additional tariff sensitivity of $(0.20) to $(0.40) per share.

Equities Trading UP
                       

NovaGold Resources Inc. NG shares shot up 19% to $3.7093 after the company and Paulson Advisers agreed to acquire Barrick’s 50% stake in Donlin Gold, forming a new partnership to develop the project. Shares of Tivic Health Systems, Inc. TIVC got a boost, surging 122% to $7.76 after the company said it held briefings with the White House and FDA, which garnered interest in potential military and defense applications for its product candidates. Meiwu Technology Company Limited WNW shares were also up, gaining 120% to $2.73 after the company announced it regained Nasdaq compliance.

Equities Trading DOWN

Northrop Grumman Corporation NOC shares dropped 11% to $472.01 after the company reported first-quarter financial results that came up short of analyst estimates and lowered its full-year earnings guidance. Shares of Scorpius Holdings, Inc. SCPX were down 48% to $0.0680. Scorpius Holdings received NYSE American notice of delisting and reported plans to appeal. Herc Holdings Inc. HRI was down, falling 11% to $99.15 following first-quarter results.

Commodities

In commodity news, oil traded up 3% to $65.01 while gold traded down 0.2% at $3,417.60.

Silver traded up 0.8% to $32.77 on Tuesday, while copper rose 1.8% to $4.8155.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.24%, Germany's DAX 40 declined 0.16% and France's CAC 40 slipped 0.11%. Spain's IBEX 35 Index rose 0.24%, while London's FTSE 100 rose 0.29%.

Asia Pacific Markets

Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 falling 0.17%, China's Shanghai Composite gaining 0.25%, Hong Kong's Hang Seng Index gaining 0.78% and India's BSE Sensex gaining 0.24%.

Economics

U.S. Redbook Index rose by 7.4% year-over-year in the week ending April 19.

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HRI Herc Holdings Inc $102.86 -7.75%

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Momentum 21.48 Growth 48.74 Quality 92.51 Value 30.96

Price Trend

Short Medium Long Overview MMM 3M Co $136.40 8.18% NG Novagold Resources Inc $3.96 27.4% NOC Northrop Grumman Corp $463.74 -12.7% SCPX SCORPIUS HOLDINGS INC by Scorpius Holdings Inc. $0.0424 -37.6% TIVC Tivic Health Systems Inc $7.16 104.6% WNW Meiwu Technology Co Ltd $2.12 71.0% Got Questions? Ask Which industrials stocks could benefit from 3M's results? How might oil prices impact energy stocks? Are defense contractors set for growth post-Tivic Health news? Which gold mining companies could react to rising oil prices? Could NovaGold attract more investments after the Barrick deal? How will Northrop Grumman 's earnings guidance affect defense ETFs? Which consumer discretionary stocks are poised to rally next? What impact will tariffs have on 3M's profitability? Which tech firms might rise with interest in defense tech? Could copper prices influence investments in tech and green energy? Powered By Market News and Data brought to you by Benzinga APIs

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