Today: 16 March 2026
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NASDAQ:WSC 23 February 2026

Herc Holdings stock slides as tariff turmoil dents appetite for industrials

Herc Holdings stock slides as tariff turmoil dents appetite for industrials

Herc Holdings Inc shares dropped 2.3% to $150.00 in early New York trading Monday after President Donald Trump announced a new 15% tariff following a Supreme Court ruling. United Rentals and WillScot Mobile Mini also declined. Herc last week reported Q4 rental revenue up 24% to $1.039 billion and net debt of $8.1 billion. The company forecast 2026 rental revenue of $4.275–$4.4 billion.

Stock Market Today

  • Quantum Computing (QUBT) Stock Falls Amid Valuation Debate
    March 16, 2026, 10:43 AM EDT. Quantum Computing (QUBT) shares fell 39.4% in 90 days to around $7.30, showing recent price declines after a strong multi-year run. The company reported annual revenue of approximately $682,000 and a net loss of $18.7 million. Despite weak financials, the stock is seen as undervalued with a fair value estimate near $23.67, based on expectations of revenue growth driven by its room temperature photonic quantum technology and expansion in AI and data center markets. The valuation hinges on scaling operations and improving margins amid significant risks including technology competition and high operating costs. Investors are advised to weigh these risks carefully alongside potential rewards before considering QUBT as part of their portfolio.
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