Equities

Water Stocks Make Waves: Xylem and ETFs Surge

Disney and tech giants set to report earnings amid a surge in water stocks and positive European economic indicators.

By Bill Bullington

5/6, 19:03 EDT
Walt Disney Company
Ecolab Inc.
Match Group, Inc.
Ferrari N.V.
Xylem Inc.
article-main-img

Disney Earnings Preview, Water Stocks Surge, and Tech Giants Report

After-hours Stock Action

Xylem (XYL): Riding the High Tide

  • Stellar Performance: Xylem up 6.5% in May, soaring 90% in six months.

Ecolab (ECL): Marching Towards Highs

  • Near Peak: 1.2% from March high, with a solid 31% increase in six months.

Water ETFs Reach New Heights

  • PHO ETF: Up 4% in May, 11% in three months.
  • FIW ETF: Surged by 26% in six months.
  • CGW ETF: Gained about 12% in three months and nearly 5% this month.

GlobalFoundries Quarterly Report Tomorrow

  • Stock Performance: Down by roughly 4%, not part of popular SMH ETF.

Disney Earnings Awaited

  • CFO Appearance on "Squawk Box": Hugh Johnston to discuss earnings tomorrow morning.
  • Stock Movement: Disney is within reach of its March high, up by a significant margin since last reporting.

Ferrari's Financial Update Tomorrow

  • Strong Growth Trajectory: U.S.-traded shares surged from $200 to over $300 last year-end.

Cirrus Logic's Apple Connection

  • Cirrus Logic is close to its February high; Apple slightly off December peak.

Match Group's Data Insights Unveiled Tomorrow Afternoon

  • Positive User Metrics: Match ranks high on relevant matches and user connections despite stock dip since last report.

Europe Economic Snapshot

  • PMI Beats Expectations: Positive outlook for Europe's economy.
  • EUFN ETF at Peak Levels; FEZ near highs with steady gains this month and year-to-date performance showing strength across various European-focused funds.