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Here are four highlights of a rocky day in markets Tuesday. Canadian tariffs on U.S. goods kicked in. Oil rose, while stocks fell. Amgen stock shed 10% Howmet Aerospace was the worst performer in the S&P.

Oil rose after Iran-backed Houthi militants attacked energy infrastructure in Saudi Arabia on Tuesday morning. Shares of Howmet Aerospace fell 11%, making it the worst performer in the S&P 500, after GE Aerospace announced that it would acquire competitor Consolidated Precision Products. The acquisition could be bad news for Howmet if it means GE takes more of its blade-and-vane manufacturing in house.

GE Aerospace on Tuesday said it will buy Consolidated Precision Products, a maker of blade and vanes for jet engines, for $11.75 billion. CPP is one of the four major manufacturers of the blades and vanes that go into jet engines and power-generating natural gas turbines. GE has been a customer of CPP for over 15 years, according to its announcement.

Only a few companies make the crucial components for power turbines that AI data centers are so desperate to get. Elon Musk wants to go ahead and make his own. Over the weekend, Musk confirmed on X that SpaceX will start making the blades and vanes that go into natural-gas-fired power turbines.

A top supplier’s stock tumbled, but Wall Street calls the plunge a buying opportunity.

Revenue surged 24% on aerospace and gas turbine demand.

For some time, it seemed as though owners of existing power plants—such as Vistra and Constellation Energy —were in a great spot. With demand growth outstripping new power supply, incumbent power plants could reap higher prices for their output without putting much capital at risk. Power plant owners have had a rough year on the stock market.

Howmet Aerospace (NYSE:HWM) reported second-quarter results that exceeded the high end of its guidance, driven by continued growth in commercial aerospace, gas turbines and defense markets. The company also raised its full-year outlook for revenue, EBITDA, earnings per share and free cash flow. Rev

Howmet raises its 2026 outlook as aerospace and gas-turbine demand fuels capacity expansion, spares growth and higher capital spending into 2027.

Moby summary of Howmet Aerospace Inc.'s Q2 2026 earnings call

The headline numbers for Howmet (HWM) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

The aerospace supply chain is not a market where weakness is distributed evenly. When one supplier falters, the contracts, the customer relationships, and the pricing power do not disappear. They migrate to whoever is standing. Right now, Howmet Aerospace (HWM) is very much standing. Magellan ...

Howmet Aerospace is expected to announce its second-quarter results later this month, and analysts project a double-digit earnings increase.

Airlines and the hyperscalers have one thing in common: They are desperate for turbines to power their jets and data centers. At the heart of this surging demand are a few companies that manufacture the highly specialized parts. Western production of these turbine blades and vanes is concentrated in four companies, according to a report from SemiAnalysis.

Stocks suffered broad, sharp losses on rate hike bets after the first Warsh Fed meeting. SpaceX fell for the first time while Robinhood jumped.

SpaceX stock is flying, and so are shares of older aerospace incumbents like GE Aerospace and Boeing.

Howmet had a very strong start to 2026. Sales were $2.31 billion, EBITDA of $740 million and earnings per share of $1.22. The EBITDA margin rate was 32%, and this margin was an increase of 320 basis points over the equivalent quarter last year.

Howmet Aerospace (NYSE:HWM) reported a stronger-than-expected first quarter of 2026, with management citing broad demand across commercial aerospace, defense aerospace and industrial gas turbines, along with continued growth in higher-margin spares revenue. Executive Chairman and Chief Executive Of

Although the revenue and EPS for Howmet (HWM) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.