Market Highlights: Spotify, Msci, SAP, Sherwin-Williams, and GE Aerospace Surge

1. Spotify Technology S.A. (NYSE: SPOT)
Spotify Technology S.A. surged by 11.92%. Spotify Technology's Q2 2024 revenue grew 20.2% year-on-year to €3.81 billion, with gross profit up 45% to €1.11 billion. Subscriptions rose 12% to 246 million, and monthly active users increased 14% to 626 million. Macquarie and Benchmark maintain their outperform and buy ratings, respectively.

2. Msci (NYSE: MSCI)
Msci surged by 7.87%. Msci reported Q1 2024 earnings, with revenue at $680 million and net profit at $256 million. UBS and RBC Capital both upgraded their ratings for Msci. An insider transaction was disclosed on May 3, 2024, involving the sale of 35 shares by Director Sandy C. Rattray.

3. Sap Se (NYSE: SAP)
Sap Se surged by 7.06%. SAP SE reported a robust second quarter, with AI-driven cloud revenue rising 25%, slightly below analyst expectations of 41.6 billion euros. TD Cowen maintained a Hold rating with a $214 price target, while BMO Capital maintained an Outperform rating, raising the target to $248.

4. The Sherwin-Williamsmpany (NYSE: SHW)
The Sherwin-Williamsmpany surged by 6.83%. The Sherwin-Williams reported Q2 fiscal 2024 results with a net profit increase of 9.76% year-over-year, reaching $13.95 billion. The company also secured a major state-owned enterprise contract worth over $37 million. UBS maintains a 'Buy' rating, lowering the target price to $355.

5. Ge Aerospace (NYSE: GE)
Ge Aerospace gained solidly by 5.69%. GE Aerospace's Q2 profit surged due to increased engine demand from summer travel. Revenue reached $9.1 billion, exceeding expectations, with adjusted EPS of $1.20. CEO Larry Culp’s contract extended to 2027. UBS and Jefferies maintained buy ratings with price targets of $209 and $190, respectively.