Stock Story -
What Happened:Shares of aerospace and defense company Howmet (NYSE:HWM) jumped 14% in the morning session after the company reported second-quarter earnings results. Howmet exceeded analysts' revenue and earnings expectations this quarter. Moving on, its full-year revenue, EPS, and EBITDA guidance beat Wall Street's estimates. Zooming out, we think this was a fantastic quarter that should have shareholders cheering.
Is now the time to buy Howmet? Find out by reading the original article on StockStory, it's free.
What is the market telling us:Howmet's shares are somewhat volatile and over the last year have had 3 moves greater than 5%. But moves this big are very rare even for Howmet and that is indicating to us that this news had a significant impact on the market's perception of the business.
Howmet is up 74.4% since the beginning of the year, and at $93.76 per share, has set a new 52-week high. Investors who bought $1,000 worth of Howmet's shares 5 years ago would now be looking at an investment worth $3,727.
![Why Are Howmet (HWM) Shares Soaring Today](https://d68-invdn-com.investing.com/content/pic39643dc5d1baf04110817cbe15d7491c.jpeg)