Health Care Sector Gains

In a significant market development, shares of Humana, CVS Health, and UnitedHealth experienced substantial increases in after-hours trading. The surge followed a report from The Wall Street Journal indicating that the Trump administration plans to raise payment rates for Medicare insurers to 5.06% for the coming year, a notable increase compared to the 2.23% previously proposed by the Biden administration.

• Humana: Up over 13%
• CVS Health: Advanced more than 7%
• UnitedHealth: Increased by approximately 6%

Levi Strauss Reports Strong Earnings

Levi Strauss shares rose by more than 1% following the company’s impressive first-quarter financial results. The apparel manufacturer achieved adjusted earnings of 38 cents per share, marking a 52% increase year-over-year. Additionally, the company’s revenue reached $1.53 billion, reflecting a 3% rise compared to the previous year.

Greenbrier Forecasts Lower Revenue

In contrast, Greenbrier, a manufacturer of railcars, saw its shares decline by 4% as it revised its revenue expectations for the full year downward. The company now anticipates revenue between $3.15 billion to $3.35 billion, a decrease from earlier projections that estimated between $3.35 billion to $3.65 billion.

Dave & Buster’s Earnings Report

Shares of Dave & Buster’s, which operates entertainment and dining venues, rose nearly 2% after releasing its fourth-quarter adjusted earnings of 69 cents per share. This figure exceeded analyst expectations, which had anticipated earnings of 67 cents per share; however, the company’s revenue fell short at $534.5 million, compared to the consensus estimate of $544.7 million.

Broadcom Initiates Share Repurchase Program

Broadcom’s stock experienced a rise of more than 2% following the announcement of a $10 billion share repurchase program, set to remain in effect until December 31.