Here are some stocks that are attracting attention in intraday trading. Circle — The stablecoin issuer’s stock plunged 20.1% after rival Tether announced it had hired an unnamed Big Four accounting firm to audit its USDT reserves. SAP — The software provider’s shares fell 4% after JPMorgan lowered its rating to neutral from overweight and lowered its price target from €260 (US$300.83) to €175 (US$202.48) per share. “SAP’s current cloud backlog is likely to slow further as the migration infrastructure matures, making reacceleration difficult to undertake,” said analyst Toby Ogg. Applied Optoelectronics — Shares of the optical components maker soared 18.9% after the company announced it had received a new order for 800G data center transceivers from a major hyperscale customer. Shares of optical manufacturing peers Corning and Lumentum rose 8.4% and 10%, respectively. Netgear — The San Jose, Calif.-based maker of Wi-Fi routers and network switches soared 10.9% after the Federal Communications Commission banned imports of foreign-made consumer routers, saying they posed a national security risk. Jeffries Financial Group — Shares of Jefferies rose 2.5% after the Financial Times reported, citing people familiar with the matter, that Sumitomo Mitsui Financial Group, Japan’s second-largest lender, is planning a potential acquisition of the company. CNBC’s David Faber, citing sources, reported that Jefferies is not interested in selling. Apollo Global Management — The wealth management giant reversed previous losses to close nearly 1% higher. It has been revealed that the company will limit withdrawals from its flagship private credit fund to less than half of requests. Apollo said in a filing with the Securities and Exchange Commission that redemption requests totaled 11.2% of its outstanding shares in the first quarter, exceeding the fund’s 5% quarterly cap. Smithfield Foods — The processed meat stock rose 4.3% after better-than-expected fourth-quarter results. Earnings from continuing operations were 83 cents on an adjusted basis, with sales totaling $4.23 billion. Analysts polled by FactSet had expected sales of $4.14 billion and earnings of 68 cents a share. The company’s full-year profit outlook also exceeded expectations, and the company increased its quarterly dividend by 25% to 31 cents per share. FS KKR Capital — Shares fell 3.3% after Moody’s downgraded the business development company’s bond rating to junk, citing declining profitability due to asset quality issues. The rating agency lowered the rating from Baa3 to Ba1. Ralph Lauren — The fashion company has been upgraded to Buy from Neutral in the City, where affluent consumers believe Ralph Lauren can help weather the current macro volatility. The stock price rose 1.3%. Estée Lauder — Estée Lauder shares closed down nearly 10% after the beauty company confirmed it was in talks with Puig for a potential merger. — CNBC’s Michelle Fox, Davis Giangiulio, Fred Imbert, Yun Li and Tom Rotunno contributed to the report Markets change and the headlines fade, but the fundamental principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
