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Citizens Financial Group, MongoDB, Sleep Number, YETI, and Hudson Technologies Shares Are Soaring, What You Need To Know

CFG Cover Image

What Happened?

A number of stocks jumped in the afternoon session after the second quarter (2025) earnings season got off to a strong start. 

Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. Investors were also encouraged by several positive reports that painted a picture of a resilient consumer. One key report revealed that shoppers increased their spending at U.S. retailers more than economists had anticipated. Precisely, retail sales increased 0.6% from May, surpassing the 0.2% estimate. This robust consumer spending is a crucial pillar supporting the economy. 

Adding to the positive sentiment, the latest data on unemployment claims showed a decrease in the number of workers applying for benefits, signaling that layoffs remain limited and the job market is steady. This combination of strong earnings reports, retail sales, and a solid labor market suggests the economy is navigating challenges successfully.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Zooming In On Citizens Financial Group (CFG)

Citizens Financial Group’s shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Citizens Financial Group is up 12.4% since the beginning of the year, and at $49.03 per share, has set a new 52-week high. Investors who bought $1,000 worth of Citizens Financial Group’s shares 5 years ago would now be looking at an investment worth $1,949.

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