Sector Synopsis: Markets leaned cautiously bullish on Thursday, with Technology continuing to lead amid strong earnings from MongoDB and anticipation around Broadcom. Retail lagged following a guidance cut from PVH and cautious sentiment in consumer staples. Utilities and rare earths shined in the industrial space, helped by analyst upgrades and domestic supply chain themes. Meanwhile, a rebound in crypto enthusiasm pushed Circle’s IPO debut into the spotlight, and healthcare names diverged on trial data and macro policy headlines. Overall, investor focus remained on AI, jobs, and macro resilience heading into the summer.

Retail, Consumer Staples & Restaurants: Apparel stocks slid as PVH slashed full-year guidance due to tariff-related headwinds and macro uncertainty, dragging expectations for Q2 EPS well below consensus. Lululemon reported after the bell. Online retailers like MELI and CHWY saw downgrades on valuation after sharp rallies. Procter & Gamble (PG) announced plans to cut 7,000 jobs, while Kimberly-Clark (KMB) is nearing a $3.5B divestiture of its tissue business. BARK shares tumbled on weak revenue guidance. In discount retail, Five Below (FIVE) reaffirmed strong comps, while Dollar Tree (DLTR) earned an upgrade following its latest results. In beverages, Brown-Forman (BF) missed across the board and guided lower, while Lifeway Foods (LWAY) guided Q2 revenues above prior forecasts with a major distribution expansion.

Autos, Leisure, Gaming & Lodging: Tesla shares pulled back further, driven by an escalating spat between Elon Musk and Donald Trump. Niche EV names like ChargePoint (CHPT) and Blink (BLNK) also declined on weak results and management exits. RV maker Winnebago (WGO) cut guidance, sending shares lower despite Thor's prior strength.

Energy, Industrials & Materials: Utilities surged on bullish analyst calls: OGE and Southern Co (SO) both received upgrades, the latter tied to major expected wins in Georgia Power’s bid pipeline. Fastenal (FAST) posted solid May results, while LTL transporters XPO and SAIA reported declining shipment volumes. Aerospace name Planet Labs (PL) spiked on a beat and strong guide. Silver miners gained as prices hit 13-year highs, and MP Materials (MP) rallied on bullish analyst commentary around its U.S. rare earths supply chain.

Banks, Brokers & Asset Managers: Visa (V) was upgraded on a shift in vertical mix trends and durable card volume. Circle (CRCL) surged after pricing its IPO at $31/share, with the stock briefly topping $100. Meanwhile, Berkshire Hathaway (BRKB) fell for the 5th straight day, under pressure from rotation.

Biotech & Pharma: Bayer (BAYRY) received a bullish upgrade on litigation optimism and major pipeline catalysts. Regenxbio (RGNX) reported promising early results from its Duchenne gene therapy trial. Deutsche Bank slashed EPS estimates and targets for multiple life science tools names (TXG, AVTR, DHR, etc.) on concerns about U.S. academic and government spending. Managed care names sold off after reports Senate Republicans are eyeing Medicare cuts to fund Trump’s fiscal proposals.

Technology: MongoDB (MDB) soared after a blowout quarter driven by reaccelerated Atlas growth and the strongest customer adds in six years. In AI, Nebius and CoreWeave were initiated with diverging views on valuation. Education software reshuffled ratings: Udemy (UDMY) was upgraded while Coursera (COUR) was downgraded. The gaming ecosystem reacted to a court ruling rejecting Apple’s stay in the Epic case, with analysts noting potential margin upside for names like MTCH, TTWO, and RBLX. Ciena (CIEN) fell on mixed results. In chips, the SOX index kept climbing, led by gains in MU and anticipation around AVGO earnings.

Takeaway for Investors

CrowdStrike once again delivered top-tier execution, showcasing accelerating adoption of its modular Falcon platform. Gross margins remain above 80%, and management continues to guide confidently despite macro uncertainty. The stock remains a standout in the cybersecurity space.