It was a strong day for airlines after Delta'supbeat guidance for its current quarter and full year. It's been a big month overall for the airline stocks, with Delta and JetBlue up over 25%. United, American, Southwest and Alaska are all up between 15% and 18%. In a similar vein, Boeing supplier Spirit AeroSystems, andBoeing itself, will be good names to watch in the days ahead as the striking machinists union encourages members to vote in favor of a tentative labor agreement with Spirit.
Generac shares rise as Texas heats up
Generac hit its highest level since September after its CEO told Bloomberg the company was experiencing "a dramatic increase" in sales amid Texas's extreme heat wave. The stock is up 30% so far in June, which would be its best month since February 2021, though it's still down over 30% in the past year.
Regeneron falls, and pharma peers take a tumble
Regeneron Pharmaceuticals fell nearly 9% late in the day after the U.S. Food and Drug Administration rejected a higher-dose version of its eye drug Eylea. The losses put the stock in negative territory for June. It also capped off a weaker day for pharmaceuticals and biotech broadly, with big names like Amgen and Gilead down almost 1% each. Illumina fell 4% a day after it announced plans to cut jobs and reduce its real estate footprint in California.
AST SpaceMobile shares crater in after-hours action
Satellite company AST SpaceMobile is down over 19% in the extended session after announcing plans to raise cash through a 12 million share secondary offering. That follows an already-rough session wherein AST fell 5%. Including the after-hours losses, the stock is still holding on to gains so far in 2023.
CNBC's Kristina Partsinevelos will be tracking the numbers and the forecast when the numbers are released after market close.
The stock is up 33% in 2023, which is pretty much right in the middle of the chip sector.
The VanEck Semiconductor ETF (SMH), one of the main chip ETFs, is up 49% year to date.
Top performers since the start of the year are Nvidia,up 186%, and AMD, up 70%. Marvell is up 63% in 2023.
Bottom performers in 2023: Texas Instruments, up 6.7%; Qualcomm, up about 9%; and Qorvo, up 12%.
Bank stress tests will be released by the Federal Reserve on Wednesday
Details come out at 4:30 p.m. ET. CNBC's Leslie Picker will be watching for the numbers and the stocks that could move.
Since the failure of Silicon Valley Bank on March 10, the SPDR S&P Bank ETF (KBE) is down 16%, and the SPDR S&P Regional Banking ETF (KRE) is down 23%.
JPMorgan is up 6.8% since March 10.
Bank of America is down 7.5% since that date.
Goldman Sachs is down 8.4%.
Citigroup is down 4.5% since SVB's failure.
Manchester United holds its shareholder meeting
The stock is up 24% in June, and it's 12% from the 52-week high hit in February.
Canopy Growth loses its accounting firm
KPMG resigned as Canopy Growth's accounting firm, effective June 22, according to a new filing with the Securities and Exchange Commission.
Shares of Canopy Growth fell 8% today. The stock is down about 80% in 2023.
Tilray was up 1.2% today. Shares are down 40% year to date.
The Global X Cannabis ETF (POTX) is down 39% in 2023.
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