Kayode Omotosho

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let's take a look at how defense contractors stocks fared in Q3, starting with RTX (NYSE:RTX).

In This Article StockStory Top Pick CVNA What Happened?

Shares of discount retail company Ollie's Bargain Outlet (NASDAQ:OLLI) jumped 8% in the afternoon session after JP Morgan added the company to its Focus List as it sees an "upside opportunity." The firm added, "4Q Upside Opportunity Despite Disruption: Based on our latest fieldwork, we see potential for incremental upside to our +3.0% 4Q comp estimate relative to mgmt's implied 2.5%-3.5% guidance."

Industrial conglomerate 3M (NYSE:MMM) will be reporting earnings tomorrow morning. Here’s what to look for.

Industrial conglomerate 3M (NYSE:MMM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 5.8% year on year to $6.01 billion. Its non-GAAP profit of $1.68 per share was 9.3% above analysts’ consensus estimates.

Over the past six months, JFrog’s shares (currently trading at $32.56) have posted a disappointing 14% loss, well below the S&P 500’s 8.1% gain. This might have investors contemplating their next move.

Nova currently trades at $252.68 and has been a dream stock for shareholders. It’s returned 527% since January 2020, blowing past the S&P 500’s 81% gain. The company has also beaten the index over the past six months as its stock price is up 17.4% thanks to its solid quarterly results.

Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 4.1% in the morning session after Jefferies analyst Edison Lee downgraded the stock's rating from Hold to Sell, and echoed concerns about weak iPhone sales. Lee expects AAPL to report Q1'2025 revenue below consensus estimates when it officially reports earnings later in the month. Similarly, Loop Capital downgraded shares of the iPhone maker from Buy to Hold, adding "Downgrading to Hold With Material Demand Reductions Ahead of iPhone 17."

Industrial conglomerate 3M (NYSE:MMM) beat Wall Street's revenue expectations in Q4 CY2024, with sales up 5.8% year on year to $6.01 billion. Its non-GAAP profit of $1.68 per share was 9.3% above analysts' consensus estimates.

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the specialized consumer services stocks, including Matthews (NASDAQ:MATW) and its peers.