April 25
April 24
MEDTECH
Edwards Lifesciences Corp. increased 6.8% to $75.20 and a $44 billion market cap. Shares in the Irvine-based medical device maker are up following yesterday’s first quarter earnings, including “better-than-expected” growth for its transcatheter aortic valve replacement (TAVR) business, which grew 3.8% to $1.05 billion.
FINANCE
Santa Ana-based First American Financial Corp. (NYSE: FAF) rose 4.6% to $62.43 and a $6.4 billion market cap. Shares are up after First American yesterday reported first quarter revenue increased 12% to $1.5 billion, topping analysts’ expectations.
INDEXES
The Nasdaq is up 1.8% to 17,005.65, gold rose 1.3% to $3,336 an ounce and the yield on a 10-year Treasury bond fell 1.4% to 4.327%. A two-day rally is on hope the White House is softening its stand on China, the Wall Street Journal said.
–Yuika Yoshida
TECHNOLOGY
Viant Technology Inc. (Nasdaq: DSP) fell 6.2% to $12 per share and a market cap of $761 million. Shares of the Irvine-based digital ad software company have dropped around 39% since reporting fourth quarter results, with record revenues but earnings that missed analysts’ forecasts, on March 3.
RESTAURANTS
Newport Beach-based Chipotle Mexican Grill Inc. (NYSE: CMG) is down 5.1% to $45.72 apiece with a market cap of $62 billion. The restaurant chain will report first quarter 2025 results on Wednesday with a general analyst consensus for revenue growth of 9.4% to $2.96 billion.
Chipotle also revealed on Monday its second international development agreement to expand for the first time to Mexico with operator Alsea.
MARKETS
The S&P 500 fell 3.1% to 5,117.66, the Dow 30 decreased 3% to 37,978.02 and the Nasdaq is down 3.4% to 15,729.67 during midday trading following President Trump’s demand for lower rates and critique of Federal Reserve chief Jerome Powell.
Gold increased 2.8% to $3,420.
Oil is down 2.8% to $62.89 per barrel.
The yield on a 10-year Treasury bond rose 1.25% to 4.387%.
–Emily Santiago-Molina
—Kevin Costelloe
April 17
HEALTHCARE
Evolus Inc. (Nasdaq: EOLS) rose 4.5% to $10.56 and a $667.7 million market cap. The Newport Beach aesthetics company yesterday announced the commercial launch date of Evolysse Form and Evolysse Smooth injectable hyaluronic acid gels, the first two products of the Evolysse collection. Both products are scheduled to launch tomorrow, April 18.
TECHNOLOGY
Verb Technology Co. (Nasdaq: VERB) fell 8.3% to $4 and a $4 million market cap. The Newport Beach software company today announced that it closed on its acquisition of AI video commerce platform Lyvecom Inc. in a deal valued at $8.5 million.
INDEXES
Crude oil is up 3.4% to $64.56 a barrel.
Gold increased 1% to $3,312.10.
–Yuika Yoshida
April 16
MEDTECH
Glaukos (NYSE: GKOS) is down 6% to $88.88 a share with a market cap of $5 billion. Shares are down 11% since President Trump announced a slate of global reciprocal tariffs April 2, which he later paused. The Aliso Viejo-based medical device maker released its 2024 Sustainability Report today. Within the report, it mentioned plans to construct a new research, development and manufacturing facility in Huntsville, Alabama, to bolster its infrastructure and support future growth.
Read more about Glaukos and other OC-based medtech providers in the Business Journal’s April 21 print edition.
TECHNOLOGY
Palo Alto-based company Broadcom Inc. (Nasdaq: AVGO), which has offices in Irvine, is down 3.5% to $172.63 with a market cap of $812 million. Semiconductor stocks are down today after AI chip giant Nvidia disclosed aftermarket Tuesday that the federal government has instituted new controls over its semiconductor exports to China, a move that would result in a $5.5 billion charge in its first quarter.
RESTAURANTS
Shares of Kura Sushi (Nasdaq: KRUS) are up 5% to $56.82 apiece with a market cap of $688.4 million. Earlier this week, Kura Sushi introduced Kura Reserve, a new limited-time premium menu featuring items such as bluefin tuna and Japanese wagyu.
MARKETS
The S&P 500 is down 1.3% to 5,327.81. Nasdaq is down 2% to 16,455.27. The major indexes fell today as Nvidia’s stock dropped by nearly 8% today.
Gold is up 3% to $3,341.50. Crude oil is up 1.7% to $62.39 a barrel.
–Nancy Luna
April 15
April 14
ENERGY
Clean Energy Fuels Corp. (Nasdaq: CLNE) fell 6.7% to $1.39 and a market cap of $311 million. The Newport Beach-based clean fuel provider said it is scheduled to report first-quarter 2025 results on May 8, where analysts are forecasting Q1 revenue to fall 5.5% to $97.98 million with an estimated loss of 16 cents per share.
Analyst firm UBS lowered its price target for Clean Energy by $3.25, according to The Fly website.
RETAIL
Irvine-based Tilly’s Inc. (NYSE: TLYS) was down 10% to $1.79 per share with a market cap of $56 million. Shares of the youth apparel retailer have dropped 78% in the last three years which hasn’t been “much fun for holders,” Simply Wall St reported on Monday.
MARKETS
Oil was down 1.3% to $60.70 per barrel.
The yield on a 10-year Treasury bond fell 2.14% to 4.397%.
–Emily Santiago-Molina
April 11
RETAIL
Irvine-based Boot Barn Holdings Inc. (NYSE: BOOT) dropped 3.5% to $95.50 with a market cap of $2.9 billion. Stocks of the footwear maker has been hammered by investors worried about Pres. Donald Trump’s imposition of tariffs.
RESTAURANTS
El Polo Loco Holdings Inc. (Nasdaq: LOCO) declined 1.9% to $9.44 with a market cap of $281 million. Shares of the Newport Beach-based restaurant chain have dropped nearly 33% since Oct. 15. Analysts attributed the drop to economic uncertainty, tariff impact and recession risk. To see more about El Pollo Loco, read the April 14 issue of the Business Journal.
INDEXES
The Dow increased 1.1% to 40,029.37 and the Nasdaq jumped 1.34% to 16,606.16. Gold was up 2.6% to $3,260.30.
— Parimal M. Rohit
April 10
MEDTECH
Shares of Evolus Inc. (Nasdaq: EOLS) decreased 9.4% to $9.40 apiece with a market cap of $597 million. The Newport Beach maker of facial injections ’ core product is among many medtech companies facing uncertainties amid a global trade war launched by President Trump. Its core product Jeuveau, a rival to Allergan’s Botox, is manufactured in South Korea and imported into the U.S.
Shares of ICU Medical Inc. (Nasdaq: ICUI), the San Clemente-based supplier of infusion therapy-related medical equipment, dropped 9.3% to $136.95 with a market cap of $3.4 billion. On Monday, the importer presented at the 24th Annual Needham Virtual Healthcare Conference, where the firm said it has developed a proactive strategy to mitigating disruptions tied to Trump’s newly imposed tariffs.
Beta Bionics, Inc. (Nasdaq: BBNX) dipped 14% to $10.14 apiece with a market cap of $439.6 million. The medical device maker’s stock is down nearly 60% since going public Jan. 30. Yesterday, the Irvine-firm, which makes an automated insulin delivery system, said it would host an investor event on June 22 at the 85th Scientific Sessions of the American Diabetes Association conference in Chicago.
MARKETS
After a historic surge in late trading yesterday, most of the major indexes were down in midday trading today. The S&P 500 dropped 5% to 5,186.55. Dow 30 declined 4.4% to 38,807.20. Nasdaq is down 5.8% to 16,142.31.
Crude oil is down 4.3% to $59.65 a barrel. Gold is up 3.4% to $3,185.
–Nancy Luna
