The stock market closed lower on Tuesday as the Federal Reserve kicked off its two-day policy meeting. Investors are closely watching the influence of President Donald Trump’s tariffs on interest rates.
Overall, S&P 500 declined 0.8% to 5,607, while NASDAQ fell 0.9% to 17,690.
Tweet of the Day
This is Bullish https://t.co/UwQ8x5CPn4
— David Sharek (@GrowthStockGuy) May 2, 2025
Chart of the Day
Here is the one-year chart of Amphenol (APH) as of April 27, 2025, when the stock was at $76.
Amphenol has the looks of a stock market leader. The company makes connectors, which are used in aerospace, military, as well as AI and cloud computing data centers. In addition, data center revenue could be a catalyst for the company as the Communications Solutions operating segment delivered a whopping 91% year-over-year (YoY) gain in revenue last quarter.
Revenue growth from the Communications Solutions segment has accelerated during the past five quarters from 12% to 24%, 32%, 43% and 91%. This helped the company deliver revenue of $4.8 billion last quarter, which smashed estimates of $4.3 billion. Meanwhile, APH’s profits soared 58% last quarter on a 48% surge in revenue growth.
APH is part of our Conservative Growth Portfolio, Growth Portfolio and Aggressive Growth Portfolio.
