SYY, CRWD, AA & more

Key Points:

• Sysco's shares dropped 4.5% after agreeing to acquire Jetro Restaurant Depot for $29.1 billion, with the deal expected to close in fiscal 2027 Q3 and described as "immediately accretive."
• Avis shares fell over 9% following a 48% surge last week, as investors took profits despite previous gains linked to airport chaos benefiting car rental companies.
• Alcoa's stock rose more than 9% amid a 4.5% increase in aluminum prices, driven by Iranian missile strikes impacting critical Middle East infrastructure.
• CrowdStrike shares increased over 2.5% after Wolfe Research upgraded the stock to outperform and Morgan Stanley named it a top pick, citing benefits from AI-related cyber risks despite earlier concerns about AI disrupting cybersecurity.
• Leidos gained over 2.5% following the completion of its $2.4 billion acquisition of Entrust, aiming to expand in the energy infrastructure market amid rising power demand.
• Robinhood and Coinbase shares rose over 2% as cryptocurrencies rebounded, with Bitcoin climbing 2.5% back above $67,000.
• Expedia's stock increased more than 2.5% after Jefferies upgraded it to a buy rating, highlighting strong earnings growth despite concerns over AI impact and Middle East travel demand.
• Memory stocks including Sandisk, Seagate Technology, and Micron rose about 2%, continuing a rebound after fears of chip demand slowdown linked to Google research.