Investing.com --
Market sentiment was given somewhat of a boost this week with the U.S. and U.K. announcing a trade deal (although the details were minimal) and the anticipation of U.S.-China trade talks.
Here are Investing.com’s stocks of the week.
Alphabet (NASDAQ:GOOGL)
Alphabet shares dropped more than 7% on Wednesday after Reuters reported that Apple (NASDAQ:AAPL) executive Eddy Cue testified that the company is "actively looking" at adding AI providers into its Safari browser as a search option.
Reacting to the news, Stifel analysts said “Mr. Cue’s testimony today supported the bear case that the rapid advancements in AI may be leading to a more immediate-term impact for Google and traditional search.”,
The Trade Desk (NASDAQ:TTD)
The Trade Desk shares surged more than 17% on Friday after its quarterly earnings and revenue topped consensus expectations. The company’s second-quarter revenue guidance was also above the consensus estimate.
Following the earnings release, Piper Sandler told investors in a note that there is “a lot to like with the TTD story.”
However, the firm maintained a Neutral rating on the stock, stating: “We like TTD’s model and proximity to the CTV space, but recent ad checks were cautious. We also worry about competition from AMZN and others. That said, this result was definitely a step in the right direction.”
Applovin
Applovin jumped more than 11% on Thursday. The rise came after the company’s earnings and revenue also beat analyst expectations.
Oppenheimer maintained an Outperform rating on the stock following the earnings release. The firm said in a note that the “macro fears are overblown.”
“APP’s 1Q results prove that macro-related growth deceleration fears are overblown,” they wrote. “Management views its low market penetration and overwhelming demand in non-gaming advertising as effective protection against potential macroeconomic headwinds in the US. We came away impressed with APP’s execution and focus.”
Disney (NYSE:DIS)
Disney was another big mover based on the reaction to its earnings. On Wednesday, the media and entertainment giant topped the consensus analyst estimate for profit and revenue, while its full-year EPS guidance was also above expectations.
Disney shares surged more than 10% on the day following the release.
"While macro concerns linger, indicators certainly point to a strong FY25 and an even better FY26,” said Bernstein, which kept an Outperform rating on the stock. “Experiences segment is showing signs of strength in the domestic market, despite ongoing macro uncertainties. Bookings for the upcoming summer are up, even in the face of near-term headwinds from EPIC Universet.”
Boeing (NYSE:BA)
Boeing was a beneficiary of the U.K. and U.S. trade pact, with the UK agreeing to a $10 billion Boeing procurement deal. The news helped push Boeing’s shares over 3% higher on Thursday.
Furthermore, news regarding orders has also helped to boost the stock. Earlier in the week, Bloomberg reported that Qatar Airways is set to order about 100 widebody jets from Boeing, while China Airlines announced an order for 10 Boeing 777-9 passenger and four 777-8 Freighter airplanes.
In addition, Bloomberg also reported on Friday that London-listed airline group IAG will order about 30 Boeing 787s.