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ASML Holding, United Airlines, LVMH: Trending tickers

ASML Holding (ASML) shares are trading lower at Wednesday's market open after the company reported weaker-than-expected net sales in the first quarter. The Dutch semiconductor equipment manufacturer is suffering from slowing demand, but it has reiterated its 2024 outlook as it anticipates a recovery.

United Airlines (UAL) shares are trading higher after the company reported first quarter results that topped estimates, reporting a revenue beat and a narrower-than-expected loss. This positive performance comes despite the company recording a loss in the quarter due to the grounding of its Boeing fleet.

LVMH (MC.PA) shares are trading higher despite a slowdown in luxury spending. As consumers have become more price-conscious amid rising inflation, the luxury brand conglomerate experienced a hit to its quarterly revenue in the first quarter.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

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This post was written by Angel Smith

Video transcript

ALEXANDRA CANAL: So let's kick it off with the number one trender on Yahoo Finance right now, and that is ASML. The Dutch company is the biggest supplier of equipment to computer chip makers, but it did report weaker than expected new bookings in the first quarter, which is why we're seeing shares fall today, down about 5%.

It's been a mixed reaction on Wall Street, with some analysts saying that order intake was expected to be a bit lumpy as the industry has been dealing with slowing demand over the past year or so, as well as higher prices. That being said, though, 2025 is expected to be strong amid greater demand for memory chips along with the AI boom. The company also reiterated its full year outlook for 2024, which is another bullish sign for investors.

Next, I want to bring it back home to United Airlines. Shares are jumping today. We're seeing it up nearly 8% right now after the airliner reported a narrower loss than expected in the first quarter, with operating revenue also beating estimates. Guidance for the current quarter also came in strong.

Although the company did post a $124 million net loss following the three-week grounding of Boeing 737-9's after a door plug flew off an Alaska Airlines jetliner earlier this year. Boeing, of course, is going to be in the spotlight today with back-to-back Senate hearings in DC. That's something we'll be tracking all morning.

And then finally, I want to round things out with a little luxury, LVMH. The company, which owns designer brands like Tiffany and Dior, saw shares rise despite the fact that we saw a decrease in quarterly revenue. Overall, though, the results were pretty steady, especially given the fact that there has been greater concerns over slowing demand as prices remain high, especially in China. So overall, a better than feared outlook on Wall Street, with analysts saying that the worst has largely already been priced into the stock. So, by and large, Seana, people are still buying Louis bags. And for now, that's a positive for investors.

SEANA SMITH: Certainly is, and a positive for those who are able to afford it right now. All right, Allie, thanks so much.