Fiserv surged on earnings Wednesday, marking a breakout above a buy point. Meanwhile, the New York Times and Performance Food Group faded after signaling possible moves around buy points after reporting quarterly financials.
All three of these stocks are in valid bases and traded near traditional buy points prior the market open.
Stock Market: Fiserv
FI stock climbed 7.2% to 229.63 during stock market action on Wednesday after reporting better-than-expected fourth-quarter earnings.
Shares blasted out of a cup base with a 223.23 buy point.
The relative strength line for Fiserv is at a new high on the breakout, giving the RS line a blue dot designation on MarketSurge.
Fiserv saw Q4 EPS jump around 15% to $2.51 with revenue totaling $4.9 billion, up 6.5% compared to a year ago. Prior to the release, analysts expected earnings of $2.48 per share with sales of $4.96 billion.
Fiserv is a global fintech and payments company with solutions for banking, global commerce, merchant acquiring and billing and payments services.
IBD Leaderboard added Fiserv stock on Wednesday.
Performance Food Group
Performance Food Group rose early before retreating 2.7% to 88.19 on Wednesday after reporting mixed fiscal second quarter 2025 financials. earnings coming in slightly below expectations while revenue exceeded predictions. PFGC Q2 EPS grew 9% while sales increased 9.4%.
The stock is looking to breakout above a 92.44 buy point from a from a cup base, according to MarketSurge analysis. PFGC entered Wednesday's stock market just 2% from that entry. Investors could use last week's high of 91.79 as a slightly early entry.
IBD Leaderboard added PFGC group peer U.S. Foods on Tuesday. USFD stock edged higher toward a cup-base buy point Wednesday.
U.S. Foods was the IBD Stock Of The Day on Wednesday.
Stock Market: New York Times
Meanwhile, NYT sank around 12% to 49.24 during stock market action on Wednesday, after initially rising. Shares angled 1.9% higher to 55.89 on Tuesday.
The New York Times reported early Wednesday that Q4 EPS grew 14% to 80 cents while revenue increased 7.4% to $726.6 million. Analysts expected earnings of 75 cents per share and sales of $726.8 million, according to FactSet.
The news organization added approximately 350,000 net digital-only subscribers compared with the end of Q3, bringing the total number of subscribers to 11.43 million. Total digital-only average revenue per user increased 4.4% compared to Q4 2023 to $9.65 as subscribers moved from "promotional to higher prices and price increases on tenured non-bundled subscribers."
This a digital subscription revenue increase of 16% while digital advertising revenues increased 9.5%, according to the New York Times.
NYT stock is working on a traditional 58.16 buy point from a cup base, according to MarketSurge analysis. Shares enter stock market action on Wednesday up around 7% in 2025.
Please follow Kit Norton on X @KitNorton for more coverage.
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