Stock Movers
Stock Movers features five-minute conversations on today’s biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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Cadence Soars, DuPont Jumps, Newmont declines
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Synopsys Jumps, Meta's strong labor productivity, Datadog will enter S&P 500
On this episode of Stock Movers:
Synopsys Jumps, Meta's strong labor productivity, Datadog will enter S&P 500
- The US lifted export license requirements for chip design software sales in China, clearing the way for the companies to resume services. Bloomberg Intelligence analysts Niraj Patel and Maria Beltran write that both Synopsys and Cadence are “likely to resume electronic design automation (EDA) sales to China after Siemens said it had been informed of the removal of some US export restrictions." Chinese customers represent 14% of sales for Synopsys
- Meta raised to hold from underperform at Needham, with analysts citing “channel checks driving upside to our estimates” and the company’s “strong labor productivity metrics." Labor productivity is driven by a model that is “globally scaled, doesn’t pay for content, is software only, ‘free-rides’ on mobile devices and has closed loop attribution for advertisers”
- Cloud monitoring and analytics company Datadog (DD)G) had its highest intraday level since February, after the software solutions company was added to the S&P 500 index effective prior to the opening of trading on July 9, replacing Juniper Networks. Scotiabank analyst says entry into S&P 50 makes the stock a "must-own" and OpenAI’s spend is a “massive net positive” and affirms proves Datadog’s differentiation in monitoring the most modern environments
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Datadog Jumps; FedEx Upgraded; Synopsys Gains
On this episode of Stock Movers:
- Software company Datadog (DDOG) will be added to the S&P 500 index next week, replacing Juniper Networks Inc. after its recent acquisition by Hewlett Packard Enterprise Co.
- FedEx (FDX) is double-upgraded to outperform at BNP Paribas Exane, with the broker saying the stock is “arguably oversold,” expecting the firm’s relative operational outperformance vs. rival UPS to continue. UPS is meanwhile upgraded to neutral from underperform.
- Synopsys (SNPS) and Cadence Design both gain 6.1% in premarket trading after the US lifted export license requirements for chip design software sales in China, clearing the way for the companies to resume services in the world’s second-biggest economy.
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Siemens Up, Watches of Switzerland, Persimmon Down
On this episode of Stock Movers:
- Siemens shares rise as much as 3% after the company said the US has lifted export license requirements for chip design software sales in China, allowing it to resume sales in the country. Citi said this is a “clear positive” for the stock.
- Watches of Switzerland shares drop as much as 10%, the most in three months, after the company warned its margin could contract this year, which analysts at Shore said is disappointing following the recovery in profitability seen in FY25. That is overshadowing a solid set of FY25 results.
- UK housebuilders are under pressure on Wednesday, with RBC Capital Markets pointing to concerns that a widening fiscal hole facing the government could lead to a potential rise in taxes and cause a slowdown in the housing market. The drop comes hot on the heels of data out Tuesday showing house prices fell the most in more than two years in June.
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Centene Record Drop, Tesla Vehicle Sales Decline, Coinbase Rises
On this edition of Stock Movers:
- Health insurer Centene Corp. (CNC) stock plunged as they shocked investors Tuesday when it withdrew its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most on record. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it.
- Tesla (TSLA) shares rally after after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared. The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge. “We’re at the bottom here,” Gene Munster, managing partner of Deepwater Asset Management, said on Bloomberg Television.
- Coinbase (COIN) and other crypto-linked stocks rose today. Specifically, Coinbase users in Australia can now select PayPal as a payment option to buy and sell cryptocurrencies. Last week, shares hit first record since 2021 after the US Senate passed legislation for stablecoins pegged to the dollar and in May, the company was added to the S&P 500.
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Closing Bell: Tesla Rallies, Centene Plunges, Intel Falls
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Matt Miller.
- Tesla (TSLA) shares rallied today after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared.The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge. The sales figures run counter to Elon Musk’s claim in mid-May that Tesla’s car business had recovered from an early-year slump driven in part by blowback over his work in the Trump administration. Sales could be further challenged toward the end of this year if Congress passes the president’s multitrillion-dollar spending bill that would eliminate tax credits for EV purchases.
- Centene (CNC) shares plunged after the health insurer shocked investors by withdrawing its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most on record. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it. Shares of Centene dropped more than 40% in New York on Wednesday, the biggest one-day drop since its initial public offering in 2001. Other insurer stocks including Molina Healthcare Inc. and Oscar Health Inc. and Elevance Health Inc. sank by double digits.
- Intel (INTC) shares fell as much as 6% during trading following a report that CEO Lip-Bu Tan is exploring a potential strategy shift in its foundry business that would entail no longer marketing certain chipmaking technology to external customers.
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Tesla Rallies, US Retail Shares Gain, Centene Plunges
On this edition of Stock Movers:
- Tesla (TSLA) shares jumped after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared. The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge. “We’re at the bottom here,” Gene Munster, managing partner of Deepwater Asset Management, said on Bloomberg Television.
- Nike (NKE), Lululemon (LULU), GAP (GAP) and other US retail shares are up after President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports. A 20% tariff will be placed on Vietnamese exports to the US, with a 40% levy on any goods deemed to be transshipped through the country, Trump said in a social-media post on Wednesday. Trump said that Vietnam had agreed to drop all levies on US imports.
- Health insurer Centene (CNC) shares are down as they shocked investors Tuesday when it withdrew its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most on record. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it.
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Nike Jumps on Trade Deal, Amcor Gains Momentum, Molina Health Declines
On this episode of Stock Movers:
Nike (TICKER NKE; +1.5%) - Shares jumped after US President Donald Trump said he reached a trade deal with Vietnam on Wednesday, though quickly reversed after the tariff was set at 20% with 40% tariff on “transshipping” as part of a trade deal- Vietnam is a critical production hub for companies such as Nike Inc., Gap Inc. and Lululemon Athletica Inc., which count on the southeast Asian nation’s factories to manufacture goods ranging from T-shirts to jeans to basketball shoes - Trump imposed a 46% tariff on Vietnam as part of a global campaign to reset US trade in April, which sent the shares of shoe and apparel companies tumbling
Amcor (TICKER AMCR; +1.2%)- initiated with a buy recommendation at Jefferies, with the broker seeing a compelling risk-reward ratio and good earnings momentum for the packaging solutions group following its combination with Berry Global- Places price target at $12; shares closed Tuesday at $9.58
Molina Health (TICKER MOH; -20%)- Side-swiped in the Centene declines; shares are down 11% in the past five days and fell 12% in the past 30 days.- Trading volume 16% above the 20-day average at this time of day - Molina trades at 11 times its estimated earnings per share for the coming yea
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Tesla Sales Tumble, Microsoft to Cut 9,000 Workers, Centene Plunges
On this episode of Stock Movers:
- Tesla Inc.’s global sales tumbled for the second quarter in a row, leaving the carmaker in a deep hole to dig out from to avoid consecutive annual declines. The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. Tesla now has an almost 110,000-car deficit to overcome in the second half in order to return to growth this year. Sales did manage to exceed the most pessimistic analysts’ estimates, with the most bearish projecting a more than 20% decline. Tesla shares rallied on the report, rising as much as 4% at the open of regular trading Wednesday.
- Microsoft Corp. began job cuts that will impact about 9,000 workers, a second major wave of layoffs this year as it seeks to control costs. Less than 4% of the company’s total workforce will be impacted, a spokesperson said. The cuts will have an impact across teams, geographies and tenure and are made in an effort to streamline processes and reduce layers of management, the spokesperson said.
- Health insurer Centene Corp. shocked investors Tuesday when it withdrew its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most in almost two decades. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it. Shares of Centene dropped as much as 35% in New York on Wednesday, the most since 2006.
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Constellation Brands Dips; Centene Lower; Verint Possible Acquisition
On this episode of Stock Movers:
- Constellation Brands (STZ) is lower this morning after it posted a small EPS miss in its latest earnings, which analysts attribute to weaker-than-expected sales for its beer. The report was a mixed bag as the company continues to weather the storm of weakening end markets and poor macro data, analysts add.
- Centene Corp. (CNC) is lower after it pulled its 2025 guidance due to insurance market trends that differed from its assumptions, threatening $1.8 billion in revenue. Both shares are diving lower. Centene also reported a "step up" in Medicaid costs, which it expects will increase a key measure of medical expenses in the second quarter.
- Verint Systems (VRNT) is higher in the premarket as buyout firm Thoma Bravo is in talks to acquire Verint Systems Inc., a maker of call center software, according to people familiar with the matter. Thoma Bravo is negotiating the terms of a potential deal with Verint, which is working with an adviser, said the people, who asked not to be identified discussing confidential information.
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Elevance Health Declines; Verint Systems Possible Acquisition; Apple Upgrade
On this episode of Stock Movers:
- Elevance Health (ELV) is the biggest downside mover this morning after Centene Corp. (CNC) pulled its 2025 guidance due to insurance market trends that differed from its assumptions, threatening $1.8 billion in revenue. Both shares are diving lower. Centene also reported a "step up" in Medicaid costs, which it expects will increase a key measure of medical expenses in the second quarter.
- Verint Systems (VRNT) is higher in the premarket as buyout firm Thoma Bravo is in talks to acquire Verint Systems Inc., a maker of call center software, according to people familiar with the matter. Thoma Bravo is negotiating the terms of a potential deal with Verint, which is working with an adviser, said the people, who asked not to be identified discussing confidential information.
- Apple (APPL) shares are higher as it gets an upgrade on Wall Street. Jefferies raised its recommendation on the tech giant to hold from underperform. Analyst Edison Lee says a good 3QFY25 could keep AAPL stock stable in the near-term
- Constellation Brands (STZ) is lower this morning after it posted a small EPS miss in its latest earnings, which analysts attribute to weaker-than-expected sales for its beer. The report was a mixed bag as the company continues to weather the storm of weakening end markets and poor macro data, analysts add.
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Greggs Slump, Bytes Sharp Drop, Renewable New Wind
On this episode of Stock Movers:
- Greggs Plc shares plunged after it said its full-year profit may be lower than last year as high temperatures in June discouraged people from eating out. The shares slumped as much as 15% in early London trading, the biggest intraday drop since January.
- Bytes Technology shares fall as much as 27%, the steepest intraday drop since a 2020 IPO, after the UK software provider issued a profit warning, citing a challenging macroeconomic environment that has led some customers to defer buying decisions.
- European renewables stocks rally after a US excise tax seen as an existential threat to the solar and wind industry was stripped from the Senate GOP tax megabill that passed the chamber in a tie-breaking vote Tuesday. A Goldman Sachs index of renewables trades at a fresh 2021 high Among individual names, Vestas jumps over 8%, Orsted is up 5.5%, Nordex gains 1.9%, EDP Renovaveis rises 3.2% and SMA Solar is up 7.6%
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Closing Bell: Tesla Drops, Warner Bros. Slumps, Constellation Brands Profit Misses
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Matt Miller.
- Tesla (TSLA) shares fell today as investors expect vehicle deliveries to decline for the second consecutive quarter. CEO Elon Musk has assumed oversight of Tesla's sales in Europe and the US following the departure of longtime deputy Omead Afshar, people familiar with the matter said. Afshar was responsible for Tesla’s sales and manufacturing operations in North America and Europe before leaving the EV maker late last month. Following his exit, Musk and Tom Zhu, a senior vice president, are divvying up reporting lines as Tesla looks to recover from another quarter of declining vehicle deliveries. Tesla likely delivered around 389,400 vehicles in the three months that ended in June, according to analysts’ estimates compiled by Bloomberg. That would be down roughly 12% from a year earlier, following a 13% drop in the first quarter.
- Warner Bros. Discovery (WBD) shares were lower after Advance/Newhouse sold 100 million shares for about $1.1 billion via a block trade, according to a recent filing.
- Constellation Brands (STZ) reported earnings and profit trailed expectations in the first quarter due to weaker consumer demand for alcoholic beverages and higher costs from aluminum tariffs .Earnings excluding some items were $3.22 a share in the period, missing the average analyst estimate by 10 cents. The company’s beer margins were hit by President Donald Trump’s 25% tariff on imported aluminum cans — a key packaging material for its Mexican-made beers such as Modelo and Corona.Constellation is navigating multiple headwinds including tariffs, muted beer sales, and more drinkers cutting back on alcohol and turning to alternatives such as cannabis. The company has also cited a pullback among Hispanic consumers — who make up more than half of Modelo drinkers — amid concerns about inflation, immigration and job security.
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Tesla Falls, Sweetgreen Downgrade, Nike Rises
On this edition of Stock Movers:
- Tesla (TSLA) shares are down, with Tesla CEO Elon Musk and President Donald Trump renewing their feud over the $3.3 trillion tax and spending bill. Earlier today, Tesla shares were rallying off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another downbeat quarterly sales report. The electric-car maker likely delivered around 389,400 vehicles in the three months that ended in June, according to analysts’ estimates compiled by Bloomberg. That would be down roughly 12% from a year earlier, following a 13% drop in the first quarter.
- Sweetgreen (SG) shares fell after TD Cowen downgraded it to hold from buy, saying the salad restaurant chain’s key urban footprint “appears to be under extreme pressure.” Analyst Andrew Charles says that according to his calculations, year four or older stores are showing same store sales down by double-digit percentages.
- Nike (NKE) shares are up after Argus Research analyst John Staszak upgraded the athletic footwear and apparel company to buy from hold on view that a “recovery is underway.” Nike’s efforts to clear inventory in 2H of the year has resulted in most of the company’s products being “up-to-date,” and attracting customers, Staszak wrote. Other positives include the utilization of its e-commerce channel to improve pricing, and plans to reduce its imports from China to high single digits, compared with a mid-teens level previously.
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Tesla Lower on Musk-Trump Latest; Robinhood Gains; Wolfspeed Bankruptcy
On this episode of Stock Movers:
- Tesla (TSLA) is moving to the downside this morning after President Trump lashed out at Elon Musk, accusing the Tesla and SpaceX chief executive officer of benefiting excessively from government subsidies for electric vehicles. "Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,” Trump said in a Truth Social post.
- Robinhood (HOOD) is gaining in the premarket after the company announced it will make tokenized US securities for 150,000 customer in 30 countries, available 24 hours a day. In the wake of the announcement, Mizuho raised its price target to $99 from $80, lauding the firm’s “unmatched product velocity.” Mizuho analyst Dan Dolev (outperform) says Robinhood’s product development “makes it hard to keep up with innovation;” believes Robinhood should be re-rated as new products merit a bigger premium vs. peers.
- Wolfspeed (WOLF) shares gained 95% in premarket trading after the chipmaker said on Monday night it would file for bankruptcy to enact a creditor-backed plan to slash $4.6 billion in debt. The company filed for reorganization under Chapter 11 and expects to emerge out of bankruptcy by the end of the third quarter.
- Sweetgreen (SG) is lower as TD Cowen downgrades to hold from buy, saying the salad restaurant chain’s key urban footprint “appears to be under extreme pressure.” Analyst Andrew Charles says that according to his calculations, year four or older stores are showing same store sales down by double-digit percentages. More weight being placed on suburban markets for net restaurant growth, but moves into new, unproven geographies means lower visibility on sales development.
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Tesla Slides on Trump-Musk Comments; Robinhood Gains
On this episode of Stock Movers:
- Tesla (TSLA) is moving to the downside this morning after President Trump lashed out at Elon Musk, accusing the Tesla and SpaceX chief executive officer of benefiting excessively from government subsidies for electric vehicles. "Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,” Trump said in a Truth Social post.
- Robinhood (HOOD) is gaining in the premarket after the company announced it will make tokenized US securities for 150,000 customer in 30 countries, available 24 hours a day. In the wake of the announcement, Mizuho raised its price target to $99 from $80, lauding the firm’s “unmatched product velocity.” Mizuho analyst Dan Dolev (outperform) says Robinhood’s product development “makes it hard to keep up with innovation;” believes Robinhood should be re-rated as new products merit a bigger premium vs. peers.
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Sainsbury's Up, Zealand Pharma Gains, Taylor Wimpey Down
On this episode of Stock Movers:
- Sainsbury's has reported strong sales growth after the grocer used price-matching and promotions linked to its loyalty program to entice customers with food inflation accelerating across the UK.
- Zealand Pharma shares rose as much as 5.1%, the most in six weeks, after BNP Paribas Exane analysts initiated coverage on the stock with an outperform recommendation, saying the “attractive” risk-reward at current levels is “difficult to ignore.”
- UK house prices fell the most in more than two years in June, in a sign buyers are under pressure after an increase in transaction taxes in April, according to one of Britain’s top mortgage lenders.
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HPE Shares Rise, NextEra Falls, Robinhood Launches Stock Tokens
On this edition of Stock Movers:
- Hewlett Packard Enterprise (HPE) and Juniper Networks (JNPR) shares rose after the two tech firms and the Department of Justice announced they had reached a deal for both companies to merge.
- NextEra Energy (NEE) and other renewable energy companies fell after Republican lawmakers are debating a bill that ramps up President Donald Trump’s assault on wind and solar power, a worse-than-expected jolt that would drive up costs for clean energy while providing aid for fossil fuels.
- Robinhood (HOOD) shares hit a record high after the company is rolling out tokenized US securities available to 150,000 customers in 30 countries, 24 hours a day, five days a week. The company will own the shares backing the tokens, a spokesperson said, and while token holders will have most of the benefits of the underlying security, including dividends, voting rights won’t be initially supported. Bloomberg News previously reported that the product was in development.
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Closing Bell: Oracle Inks Cloud Deal, BitMine Soars, Boeing Replaces CFO
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Matt Miller.
- Oracle (ORCL) shares were higher after it said it signed a single cloud deal worth $30 billion in annual revenue — more than the current size of its entire cloud infrastructure business. That revenue is expected to start flowing in the fiscal year 2028, Oracle disclosed in a regulatory filing Monday, without naming the customer.“ Oracle is off to a strong start” in its fiscal year 2026, Chief Executive Officer Safra Catz said in the filing. The company has signed “multiple large cloud services agreements,” she said, adding that revenue from Oracle’s namesake database that runs on other clouds continues to grow more than 100%.The $30-billion deal ranks among the largest cloud contracts on record. That revenue alone would represent nearly three times the size of Oracle’s current infrastructure business, which totaled $10.3 billion over the past four quarters. A major cloud contract awarded in 2022 from the US Defense Department, that runs through 2028 and could be worth as much as $9 billion, is split among four companies, including Oracle. That award was a shift after an earlier contract worth $10 billion was awarded to Microsoft Corp. and was contested in court.
- BitMine (BMNR) was among the day's biggest movers after the crypto company announced a new $250 million placement.
- Boeing (BA) shares slid after hours when it announced it will be replacing chief financial officer Brian West. West, who helped orchestrate one of the biggest capital raises in US corporate history last year to steady the crisis-stricken plane-maker, is stepping down. West is leaving in mid-August and will be succeeded by former Lockheed Martin executive Jesus “Jay” Malave. West will remain an adviser to Chief Executive Officer Kelly Ortberg, Boeing said in a statement on Monday. Both changes are effective Aug. 15, the company said. The staffing change marks the highest-profile personnel switch since Ortberg took over the top role at the planemaker last year. West helped Ortberg navigate a capital squeeze and avoid a possible ratings downgrade to junk status, brought on by a crippling strike last year and a steep slowdown in output after a near-catastrophic accident.
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Hyatt Gains, Robinhood Hits Record, US Banks Rise
On this edition of Stock Movers:
- Hyatt Hotels Corp (H) shares gain after the hotel operator said it will sell the entire Playa Hotels & Resorts real estate portfolio for $2 billion to Tortuga Resorts, a joint venture between KSL Capital Partners and Rodina. Deal includes 15 all-inclusive resorts across Mexico, the Dominican Republic and Jamaica. Hyatt will retain long-term management rights for 13 of the properties and hold $200m in preferred equity.
- Robinhood Markets Inc (HOOD) shares hit a record high as they are joining the growing push to trade US equities on the blockchain, making tokenized US securities available to 150,000 customers in 30 countries, 24 hours a day, five days a week. The company will own the shares backing the tokens, a spokesperson said, and while token holders will have most of the benefits of the underlying security, including dividends, voting rights won’t be initially supported. Bloomberg News previously reported that the product was in development.
- Big US banks such as Goldman Sachs Group (GS), Wells Fargo (WFC), and Bank of America (BAC) shares rose after the industry’s biggest names comfortably cleared the Federal Reserve’s annual stress test late Friday, setting the stage for lenders to boost buybacks and dividends for shareholders.
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Goldman Passes Fed Stress Test, Circle Internet Falls, Disney Climbs
On this episode of Stock Movers:
Goldman's 2026 capital requirement under current rules may fall 240 bps due to its peer-leading stress-test results improvement (290 bps), partially offset by a 50-bp increase in its systemic surcharge.
Circle Internet (CRCL) falls 2.7% in US premarket trading after JPMorgan — which was a lead in its successful IPO this month — starts coverage with an underweight recommendation, citing a valuation that’s beyond the broker’s “comfort zone.” Barclays, meanwhile, gives the stock an overweight rating, saying it’s “one of the only ways” to tap into the stablecoin hype.
Disney (DIS) climbs 2% after Jefferies upgraded it’s rating to buy, with the broker now seeing limited risk for a slowdown for its key parks division in 2H 2025.
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Tesla Slips, Juniper Climbs on Settlement; Palantir Rebound
On this episode of Stock Movers:
- Tesla (TSLA) shares are lower, following the trend of wind and solar stocks and is the only downside mover of the Mag 7 in the premarket. CEO and founder Elon Musk has spoken out against the bill, saying the bill would destroy millions of US jobs and give "handouts to industries of the past while severely damaging industries of the future." he also called cuts to electric vehicle and clean energy credits would be "incredibly destructive" to the country.
- Juniper Networks (JNPR) is up in the premarket after the Justice Department settled a lawsuit challenging Hewlett Packard Enterprise's $13 billion takeover of Juniper, requiring the combined company to sell HPE's Instant On wireless networking business and auction off a license to Juniper's competing Mist business. The deal would have consolidated the sector from three major players to two, controlling 70% of the market, but the settlement preserves competition in the global networking market.
- NextEra Energy (NEE) is one of many wind and solar stocks moving to the downside this morning amid Senate deliberations over the US tax bill. The new version of the bill adjusts key provisions on the SALT deduction, Medicaid, and clean energy, and includes compromises among warring factions of the Senate GOP.
- Palantir (PLTR) shares are higher this morning after Friday's decline. It comes amid news the company partnered with Accenture Federal Service to form a strategic partnership to provide AI capabilities to federal agencies.
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Solar and Wind Stocks Decline; Disney Upgrade; Juniper DOJ Settlement
On this episode of Stock Movers:
- NextEra Energy (NEE) is one of many wind and solar stocks moving to the downside this morning amid Senate deliberations over the US tax bill. The new version of the bill adjusts key provisions on the SALT deduction, Medicaid, and clean energy, and includes compromises among warring factions of the Senate GOP.
- Tesla (TSLA) shares are lower, following the trend of wind and solar stocks and is the only downside mover of the Mag 7 in the premarket. CEO and founder Elon Musk has spoken out against the bill, saying the bill would destroy millions of US jobs and give "handouts to industries of the past while severely damaging industries of the future." he also called cuts to electric vehicle and clean energy credits would be "incredibly destructive" to the country.
- Disney (DIS) is rising in early trading after it was upgraded by Jeffries to a buy from a hold. The broker now sees limited risk for a slowdown for its key parks division in 2H 2025, more positive upside to cruise division in 2026, as well as continued margin expansion for its direct-to-consumer offerings.
- Juniper Networks (JNPR) is up in the premarket after the Justice Department settled a lawsuit challenging Hewlett Packard Enterprise's $13 billion takeover of Juniper, requiring the combined company to sell HPE's Instant On wireless networking business and auction off a license to Juniper's competing Mist business. The deal would have consolidated the sector from three major players to two, controlling 70% of the market, but the settlement preserves competition in the global networking market.
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Deep Dive: Gap Confronts Tariff Trouble
Gap's CEO is battling to save the iconic brand and now it's confronting headwinds from President Trump's tariff policy. The iconic ’90s retailer was on the precipice of death for years. Richard Dickson finally had momentum for a comeback—then came Trump. Bloomberg's Amanda Mull explains the story, in conversation with Carol Massar and Tim Stenovec.
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Deep Dive: Carnival Earnings Lift Cruise Stocks
Carnival Corp. shares jumped after it raised its full-year profit outlook as cruise demand has shrugged off the volatile economic and geopolitical backdrop.
Its stock surged, while peers Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings and Viking Holdings Ltd. also rose.
The industry appears to be rebounding from earlier worries that demand was softening for vacations. Cruise businesses are also insulated during downturns by customers increasingly booking further in advance, drawn to tickets that offer significant discounts relative to other travel options.
Tim Stenovec and Carol Massar discuss the news with Bloomberg Intelligence Analyst Brian Egger.
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Weekly Roundup: Equinix Shares Rebound, Royal Caribbean Hits Record, Enphase's Strong Week
On this episode of Stock Movers:
- Equinix (EQIX) shares ended the week higher after seeing two days of consecutive losses. It was the second-best performing stock in the S&P 500 on Friday, following shares falling nearly 20% in the previous two trading sessions.
- Royal Caribbean (RCL) shares ended the week higher, driven by Carnival Cruise, which raised its guidance for the second time this year. Carnival CEO Josh Weinstein told analysts in the earnings call that he sees no signs that demand in the travel sector will slow.
- Enphase Energy (ENPH) shares, along with other US solar companies saw their shares rise as investors keep close tabs on how the clean energy industry could be impacted by regulatory changes as President Donald Trump's tax bill makes its way through Congress.
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Nike Jumps, Uber Drops, Estee Lauder Rises
On this edition of Stock Movers:
- Nike (NKE) shares jumped as much as 15%, the most intraday since December 2022, after forecasting a smaller-than-expected drop in revenue for the current quarter, a sign that the sportswear company's earnings trend may have hit an inflection point, according to analysts. Nike said its yearlong sales decline is starting to ease, suggesting that Chief Executive Officer Elliott Hill’s strategic moves are paying off. Before today, the stock had lost a third of its value over the past 12 months.The sportswear company expects sales to fall by a mid-single digit in the current quarter, a smaller drop than Wall Street anticipated and an improvement from the previous three-month period. Nike didn’t issue guidance for its full fiscal year due to tariffs and uncertainty.
- Uber (UBER) and Lyft (LYFT) stocks fell after both names were downgraded to hold from buy at Canaccord Genuity as analyst George Gianarikas sees “potential for rapid disruption.”
- Estee Lauder (EL) shares rose after being upgraded to buy from hold and increased its price target.
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Nike Rises, Uber Falls, United Natural Foods Climbs After Cybersecurity News
On this episode of Stock Movers:
- Nike (NKE) shares rise after the sneaker company's said its yearlong sales decline is finally starting to ease, suggesting that CEO Elliott Hill's strategic moves are paying off.
- Uber (UBER) and Lyft (LYFT) shares fall after both rideshare firms were downgraded to hold from buy at Canaccord Genuity as analyst George Gianarikas sees “potential for rapid disruption.”
- United Natural Foods (UNFI) is climbing after the food distributor said a previously disclosed cybersecurity incident has been contained, and it’s now regularly receiving and shipping products to retailers across its network.
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Estee Lauder Rises, Boeing Gains, CoreWeave Surges Since IPO
On this episode of Stock Movers:
- Estee Lauder (EL) shares rise after HSBC raised its recommendation to buy from hold and increased its price target to $99 from $80 as it sees the cosmetics company at the end of a downgrade cycle.
- Boeing (BA) shares gain after Rothschild & Co Redburn upgraded the planemaker to buy from neutral with analyst Olivier Brochet citing improvements that makes the company “appear healthier.”
- CoreWeave (CRWV) shares rise. CoreWeave's stock has surged almost 300% since its March IPO, making CEO Michael Intrator's net worth $10.3 billion and ranking him the 311th-richest person in the world.
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Nike Results; Amazon Upgrade; Atlantic Union Jumps
On this episode of Stock Movers:
- Nike (NKE) shares are on the upswing this morning after forecasting a smaller-than-expected drop in revenue for the current quarter, a sign that the sportswear company’s earnings trend may have hit an inflection point, analysts say. That comes after a string of strategic moves from CEO Elliott Hill, including a refocusing on sports and a cleanup of inventories.
- Nvidia (NVDA) shares are rising as it is close to becoming the first company to reach a $4 trillion market capitalization, after its shares rallied back to a record following a plunge earlier this year. The company's biggest customers, including Microsoft, Meta, Amazon, and Alphabet, are projected to increase their spending on computing infrastructure, with annual AI spending expected to rise to nearly $2 trillion by 2028.
- Atlantic Union (AUB) shares are up after the bank said it sold about $2 billion of its performing commercial real estate loans to Blackstone.
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Nike Results; Amazon Upgrade; Nvidia Nears Record
On this episode of Stock Movers:
- Nike (NKE) shares are on the upswing this morning after forecasting a smaller-than-expected drop in revenue for the current quarter, a sign that the sportswear company’s earnings trend may have hit an inflection point, analysts say. That comes after a string of strategic moves from CEO Elliott Hill, including a refocusing on sports and a cleanup of inventories.
- Lululemon (LULU) shares are being lifted by Nike's gains along with the broader retail sector. It comes after Lululemon recently announced layoffs.
- Amazon (AMZN) is up this morning after it was upgraded to outperform from neutral at BNP Paribas Exane, which viewed the company as the most likely to meet or beat consensus profit expectations through 2030 among hyperscalers, alongside Microsoft. Meanwhile, Alphabet is downgraded to neutral. With capital expenditure for the big four hyperscalers reaching record highs, analyst Stefan Slowinski sees depreciation to sales ratios rising from 6% to 18% by 2030
- Nvidia (NVDA) shares are rising as it is close to becoming the first company to reach a $4 trillion market capitalization, after its shares rallied back to a record following a plunge earlier this year. The company's biggest customers, including Microsoft, Meta, Amazon, and Alphabet, are projected to increase their spending on computing infrastructure, with annual AI spending expected to rise to nearly $2 trillion by 2028.
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Adidas Rises, Centrica Investment, Gold Dips,
On this episode of Stock Movers:
- European sportswear stocks are rising on Friday after US giant Nike said its yearlong sales decline is starting to ease, with a smaller sales drop seen in the current quarter than earlier anticipated.
- All sides are keen to reach a final investment decision on the project before parliament’s recess on July 21, Financial Times reports, citing unidentified people familiar with the discussions.
- Gold headed for its second consecutive weekly loss, after a ceasefire between Israel and Iran dented demand for havens.
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Closing Bell: Nvidia Extends Rally, Circle Shares Rise, Micron Slides
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec.
- Nvidia (NVDA) shares continues its rally that started yesterday when it rose to an all-time high. Recent earnings from Nvidia were a notable catalyst for bulls, as the report showed robust growth and pointed to more strength ahead despite the impact of restrictions on the sales of advanced semiconductors in China. Prints from Microsoft Corp., Meta Platforms Inc., Alphabet Inc., and Amazon.com Inc. — which together make up more than 40% of Nvidia’s revenue, per supply chain data compiled by Bloomberg — further underlined how the company’s biggest customers continue to spend aggressively building out their AI infrastructure.
- Circle (CRCL) shares rose after dropping 25% just two days ago as more players begin to enter the stablecoin industry since the Senate passed new legislation.
- Micron (MU) shares slid as invested digested its earnings results from yesterday after the closing bell. The top-performing chipmaker on Wall Street this year, delivered an outlook that wasn’t quite rosy enough to keep its 2025 rally going. Though the company posted third-quarter results and a fourth-quarter forecast that exceeded estimates, the stock began sliding Wednesday in late trading after a conference call with executives and continued to decline Thursday. A key focus was high-bandwidth memory, a component used in artificial intelligence computing. The technology is fueling a sales surge at Micron, but the company didn’t predict the kind of runaway growth that some investors were looking for.
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Coinbase Shares Surge, Penn Shares Gain, Meta Nears Acquisition of AI Voice Startup
On this edition of Stock Movers:
- Coinbase (COIN) shares are on track for their first record in more than three years, capping off a rally fueled by growing acceptance of the cryptocurrency industry on Wall Street and in Washington. The crypto-exchange operator’s stock was up 2.7% on Thursday, trading at $365.05 — higher than the peak close of $357.39 in November 2021, just months after the company went public through a direct listing. Coinbase shares have surged more than 1,000% from a record low in late 2022, which came as the collapse of FTX raised questions about the future of digital assets. The stock’s comeback occurred as cryptocurrency prices rebounded and the industry won powerful new allies, including US President Donald Trump.
- Penn Entertainment (PENN) shares climbed as much as 4.9% to reach their highest intraday level since early March, after Citizens raised the recommendation on the casino operator to market outperform from market perform. Analyst Jordan Bender says that after several years of overpromising and underdelivering, leading to a bloated cost structure and balance sheet, he sees the light at the end of the tunnel for PENN shares.
- Meta Platforms (META) shares are up. The company is in advanced talks to acquire PlayAI, a small startup using artificial intelligence to replicate voices, part of the social media company’s push to nab top talent and catch up in the AI race. Meta is expected to acquire the Palo Alto, California-based startup’s technology and some of its employees, according to people familiar with the matter, who asked not to be named sharing private information. The deal is not yet finalized and could still change, the people said. Financial terms under discussion could not be learned.
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Walgreens Rises, McCormick Gains, Nike Up Ahead of Earnings
On this episode of Stock Movers:
- Walgreens (WBA) shares rise after the company reported quarterly profit that beat Wall Street’s expectations. It's a hopeful sign as the pharmacy giant prepares to transform into a private company after its market value plummeted due to retail competition.
- McCormick (MKC) shares rise after the company's 2Q EPS topped estimates and management reaffirmed its profit and sales guidance. Barclays says the fact that the company reaffirmed its guidance despite an incremental impact from tariffs eases some recent concerns.
- Nike (NKE) shares are up ahead of earnings. Nike's turnaround is still in sight despite tariff headwinds and inventory challenges. Alternative data suggest improving store traffic, meaning Nike may report better, though still negative, direct-to-consumer sales in its fiscal 4Q results on June 26.
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Equinix Falls, McCormick Rises, Enphase Gains on Tax Credit News
On this episode of Stock Movers:
- Equinix (Ticker EQIX) shares fall as its long-term outlook disappointed investors. They plan to build out capacity through 2029, but higher interest expense from up-front debt issuance will counter short-term growth.
- McCormick (Ticker MKC) shares rise after the company's 2Q EPS topped estimates and management reaffirmed its profit and sales guidance. Barclays says the fact that the company reaffirmed its guidance despite an incremental impact from tariffs eases some recent concerns.
- Enphase (Ticker ENPH) shares rise after recent news that Senate Republicans are discussing changes to a provision in President Trump's that would end tax credits for rooftop solar panels.
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Micron and Nvidia Climb; ASML downgrade; Nike Earnings
On this episode of Stock Movers:
- Micron Technology (MU) shares are higher this morning as it gave an upbeat forecast for the current quarter, driven by demand for artificial intelligence equipment, and posted third-quarter results and a fourth-quarter forecast that exceeded estimates. The company's high-bandwidth memory (HBM) business is fueling a sales surge, with continued growth expected as AI software becomes more complex and requires bigger amounts of memory.
- Nvidia (NVDA) is rising in early trading after hitting an all-time high, extending an advance that has cemented its position as one of the most valuable companies in the world. The company's market capitalization has added nearly $1.5 trillion since April, with a current market cap of about $3.77 trillion, overtaking Microsoft. Nvidia's growth is driven by robust earnings and strong demand for its AI chips
- ASML (ASML) is moving to the downside this morning as it was downgraded to hold at Jefferies. Analyst Janardan Menon sees headwinds ahead for the semicap equipment sector.
- Nike (NKE) shares are higher this morning as it prepares to release fourth quarter earnings after the market closes. It's likely to move to the downside, however, Wall Street is hopeful the worst can be behind for the retail giant. Analysts project revenue and earnings per share to be much lower than the results from a year ago.
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Shell Up, H&M Gains, Edenred Rises
On this episode of Stock Movers:
- H&M profit was buoyed by tighter cost control and demand for its women’s fashion and sportswear ranges in the second quarter, a sign Chief Executive Officer Daniel Erver’s turnaround strategy is finally progressing.
- Shell says it has not been actively considering making an offer for BP, has not made an approach and no talks have taken place with BP with regards to a possible offer, according to a statement. What to watch for in European M&A today:
- The French government wants to open the meal vouchers sector to more competition, as well as making them entirely paperless starting in 2027 and usable on Sundays, Véronique Louwagie, junior minister for commerce and small and midsize businesses, tells RMC radio and Le Parisien newspaper.
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Micron Strong Forecast, Yum! Brands Upgrade, Bumble Job Cuts
On this edition of Stock Movers:
- Micron (MU) shares are up after the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading. Micron is seeing increasing demand for components like its high-bandwidth memory, which are used in machines that develop and run AI tools. The company expects continued growth from that market as such software becomes more complex, requiring bigger amounts of memory. The company is also starting to recover from narrower profit margins in the previous quarter.
- Yum! Brands (YUM) shares rose after JPMorgan upgraded the operator of such chains as KFC and Taco Bell to overweight from neutral. Analyst John Ivankoe sees “sustained 4%+ unit growth, strong FCF generation,” and a “pulled-back valuation”.
- Bumble (BMBL) shares jumped after the dating app said it’s cutting almost one-third of its staff, months after founder Whitney Wolfe Herd returned as chief executive officer to overhaul the struggling dating app. The Austin-based company will eliminate around 240 roles globally, or about 30% of its workforce, it said in an exchange filing Wednesday. It expects to achieve as much as $40 million in annual cost savings from the reductions, and plans to “reinvest the substantial majority” of those savings in “strategic initiatives including product and technology development.”
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Closing Bell: Micron Gives Strong Forecast, BP Surges, Nvidia Rises
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec.
- Micron (MU), the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading. Micron is seeing increasing demand for components like its high-bandwidth memory, which are used in machines that develop and run AI tools. The company expects continued growth from that market as such software becomes more complex, requiring bigger amounts of memory. The company is also starting to recover from narrower profit margins in the previous quarter.
- BP (BP) shares surged as much as 10% in trading after the Wall Street Journal reported that Royal Dutch Shell Plc is in early-stage talks to acquire its London-based rival. Talks between company representatives are active, but any terms of a potential deal couldn’t be learned and a transaction is far from certain, the newspaper reported, citing people familiar with the matter. BP is under intense pressure after years of under-performance and the intervention of activist shareholder Elliott Investment Management. Speculation has been growing that the embattled company would become a takeover target, and Bloomberg reported in May that Shell had been studying the merits of a deal.
- Nvidia (NVDA) shares rose to an all-time high on Wednesday, with the leader in artificial intelligence chips extending an advance that has cemented its position as one of the most valuable companies in the world. The stock rose 4.3% to $154.31, taking out an all-time high that has stood since January. The record is only the latest milestone for the company, which has risen 63% off an April low, a rally that has added nearly $1.5 trillion to its market capitalization. With the day’s gain, Nvidia stands as the world’s largest stock, with a market cap of about $3.77 trillion, overtaking Microsoft Corp. at $3.66 trillion.
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Coinbase New Price Target, FedEx Warning, General Mills Falls
On this edition of Stock Movers:
- Coinbase (COIN) shares gain after Bernstein raised the target on the crypto trading platform to $510, a Street high and 48% above Tuesday’s close, from $310. The company’s revenue is set to more than double by 2027 as it benefits from strong trading growth, as well as non-trading revenue lines such as staking and stablecoins, analyst Gautam Chhugani wrote in a note to clients.
- FedEx (FDX) shares sank after the carrier warned that its profit would be worse than expected this quarter and declined to offer guidance for the rest of the year, underscoring the significant impact that President Donald Trump’s trade war continues to have on its business. The company’s shares fell 5.6% as of 9:33 a.m. in New York on Wednesday after FedEx reported quarterly results, extending their slide for the year. The shipping giant’s stock was down 18% in 2025 through Tuesday’s close, while the S&P 500 index rose modestly over that span.
- General Mills (GIS) shares fell after the food company reported a larger-than-expected drop in 4Q organic sales, driven by a 7% decline in its North America Retail segment. GIS also projects a steeper decline in annual adjusted EPS than the current consensus estimate. “Our full-year sales trends did not meet our expectations, driven in part by continued value-seeking orientation and weaker consumer sentiment,” CEO Jeff Harmening said.
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Bumble Rises, FedEx Drops, Blackberry Gains on Revenue Forecast
On this episode of Stock Movers:
- Bumble (BMBL) shares rise after the company said it’s cutting almost one-third of its staff, months after founder Whitney Wolfe Herd returned as chief executive officer to overhaul the struggling dating app.
- FedEx (FDX) shares drop after the company warned that its profit will be worse than expected this quarter and declines to offer guidance for the rest of the year due to the uncertain global demand environment.
- Blackberry (BB) shares gain after the software company boosted its revenue forecast for the full year. Analysts were positive about the company’s forecast and hiked their price target on the stock.
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FedEx Tariff Concern; Quantumscape Battery Leap; Coinbase Jumps
On this episode of Stock Movers:
- FedEx (FDX) is sinking on a warning on tariffs. FedEx warns that its profit will be worse than expected this quarter due to the impact of President Donald Trump's trade war on its business. The company's shares dropped 6% in premarket trading, and its stock is down 18% year to date, with US-China shipments deteriorating sharply in May.
- Quantumscape (QS) shares are soaring after the company said it made a big leap forward in its process for making solid-state batteries. The battery startup said after the bell that it has successfully integrated its advanced Cobra separator process into baseline cell production.
- Coinbase (COIN) is moving to the upside today as it gets a price target boost. Bernstein raised the target on Coinbase Global Inc. Class A to $510 from $310. Maintains outperform rating. Bernstein moved its target to the high end of the range, implying a 48% increase from last price.
- BlackBerry (BB) shares are higher this morning after the software company boosted its revenue forecast for the full year. Analysts were positive about the company’s forecast and hiked their price target on the stock.
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FedEx Tariff Warning; Coinbase Boost; BlackBerry Climbs
On this episode of Stock Movers:
- FedEx (FDX) is sinking on a warning on tariffs. FedEx warns that its profit will be worse than expected this quarter due to the impact of President Donald Trump's trade war on its business. The company's shares dropped 6% in premarket trading, and its stock is down 18% year to date, with US-China shipments deteriorating sharply in May.
- UPS (UPS) shares are following FedEx lower on broader concerns about the shipping industry. President Donald Trump’s erratic trade policies continue to handcuff the ability of executives to predict where their businesses are headed. That lack of visibility is especially challenging for FedEx and shippers — economic bellwethers.
- Coinbase (COIN) is moving to the upside today as it gets a price target boost. Bernstein raised the target on Coinbase Global Inc. Class A to $510 from $310. Maintains outperform rating. Bernstein moved its target to the high end of the range, implying a 48% increase from last price.
- BlackBerry (BB) shares are higher this morning after the software company boosted its revenue forecast for the full year. Analysts were positive about the company’s forecast and hiked their price target on the stock.
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Babcock Buyback, Worldline Hits Record Low, Stellantis Up
On this episode of Stock Movers:
- Babcock International Group raised its medium-term profit target and announced its first-ever share buyback as the UK defense firm benefits from a surge in military spending.
- Worldline SA shares fell by more than a fifth on Wednesday, following reports that the company covered up fraud by customers.
- Stellantis rises as much as 4.1% as Jefferies upgrades the automaker to buy from hold, writing in a note that operations may be starting to take a more positive turn.
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Carnival Hikes Profit Outlook, Uber - Waymo Atlanta Partnership, FedEx Misses Estimates
On this edition of Stock Movers:
- Carnival (CCL) shares jumped after it raised its full-year profit outlook as cruise demand has shrugged off the volatile economic and geopolitical backdrop. Its stock surged by as much as 10%, while peers Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings and Viking Holdings Ltd. also rose by more than 4.3%. Earnings will be around $1.97 per share this year, the company said in a statement Tuesday morning, up from its previous view of $1.83 per share. Analysts had expected $1.85 per share. The cruise operator also hiked its targets in March after a strong start saw impressive booking growth with record pricing.
- US defense stocks are declining Tuesday as Israel and Iran appeared to be honoring a ceasefire agreement unexpectedly announced by President Donald Trump overnight.
- Uber (UBER) shares are up after the ride-hailing company said in a press release that it will be partnering with Alphabet Inc’s Waymo to offer ride-sharing through autonomous vehicles in Atlanta. In addition, Lime, the Uber-backed electric bike startup, has hired investment banks to prepare for a US initial public offering, according to a report from Reuters.
- FedEx (FDX) shares are down in after hours trading after the company forecasted a worse-than-expected profit for the current quarter in a sign that soft demand from consumers and businesses rattled by tariffs is unlikely to improve in the near term. Adjusted earnings in its fiscal first quarter will be $3.40 to $4 a share, the company said Tuesday in a statement. The range fell below the $4.03 average of analyst estimates compiled by Bloomberg.
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Closing Bell: FedEx's Outlook Disappoints, Carnival Cruise Soars, Tesla Slides
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- FedEx (FDX) forecast a worse-than-expected profit for the current quarter in a sign that soft demand from consumers and businesses rattled by tariffs is unlikely to improve in the near term. Adjusted earnings in its fiscal first quarter will be $3.40 to $4 a share, the company said Tuesday in a statement. The range fell below the $4.03 average of analyst estimates compiled by Bloomberg. Although it typically provides a full-year forecast, FedEx said it would only share its outlook for the current quarter due to the “uncertain global demand environment.” The forecast reflects FedEx’s current economic outlook and assumes no further negative developments in the global trade, economic and geopolitical environment, the company said.
- Carnival (CCL) shares jumped after it raised its full-year profit outlook as cruise demand has shrugged off the volatile economic and geopolitical backdrop.Its stock surged by as much as 10%, while peers Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings and Viking Holdings Ltd. also rose by more than 4.3%.Earnings will be around $1.97 per share this year, the company said in a statement Tuesday morning, up from its previous view of $1.83 per share. Analysts had expected $1.85 per share. The cruise operator also hiked its targets in March after a strong start saw impressive booking growth with record pricing.
- Tesla (TSLA) shares were lower today after investors learned its self-driving taxis were having some issues. Tesla Robotaxis appeared to violate traffic laws during the company’s first day offering paid rides, with one customer capturing footage of a left turn gone wrong and others traveling in cars that exceeded posted speed limits. The US National Highway Traffic Safety Administration is aware of the incidents and is in contact with the company to gather additional information, the agency said in a statement to Bloomberg.
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Uber Rises, Galaxy Digital Up, McDonald's Ends Krispy Kreme Deal
On this edition of Stock Movers:
- Uber (UBER) shares rose after the ride-hailing company said in a press release that it will be partnering with Alphabet Inc’s Waymo to offer ride-sharing through autonomous vehicles in Atlanta. In addition, Lime, the Uber-backed electric bike startup, has hired investment banks to prepare for a US initial public offering, according to a report from Reuters.
- Galaxy Digital (GLXY) shares were higher after Rosenblatt Securities started coverage on the crypto company with a buy rating and $25 price target. Rosenblatt Securities analyst Chris Brendler writes that while the company “would likely underperform in the next ‘crypto winter’, GLXY has proven its resiliency in prior cycles,” and “we think a major downturn is unlikely near term and GLXY has arguably never been better positioned."
- McDonald's (MCD) and Krispy Kreme (DNUT) announced the two companies will end their partnership on July 2, citing challenges in achieving a sustainable business model. Krispy Kreme shares initially fell before recovering and McDonald's shares closes modestly higher.
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Tesla Drives Higher; Mastercard Partnership; Circle Neutral Recommendation
On this episode of Stock Movers:
- Tesla (TSLA) shares are higher this morning. Tesla’s CEO Elon Musk has tied the company’s future to driverless taxis and the tentative launch of the service in Austin yesterday is helping lift the company’s stock ahead of the open. It fell on Monday, even as the broader S&P 500 gained but rallied overnight. That’s pushing up the consumer discretionary sector
- Uber (UBER) is rising this morning on news it will begin offering driverless Waymo rides in Atlanta, making it the second market where the two companies are teaming up instead of competing against each other. Uber has struck more than a dozen AV partnerships globally, and the performance of the Atlanta tie-up with Waymo will be crucial in efforts to convince Wall Street that it can be the go-to commercial platform for driverless carmakers.
- Mastercard (MA) is up on news that it's deepening its partnership with Fiserv (FI) to integrate its new FIUSD token across a range of Mastercard products and services, expanding stablecoin adoption and utility for their shared customers around the world. Mastercard says people and businesses can use the new, programmable, blockchain-based token across more than 150 million merchants.
- Circle (CRCL) is moving to the downside after the stablecoin issuer was initiated at Compass Point Research & Trading with a recommendation of neutral as competition is expected to increase after US stablecoin legislation was passed. Analyst Ed Engel sees Circle’s USDC stablecoin having long-term advantages from tech and liquidity but sees a growing threat of new entrants and declining gross margins
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Oil and Defense Stocks Fall; Fiserv Rises Again
On this episode of Stock Movers:
- ExxonMobil (XOM) is lower this morning along with other major oil giants like Chevron (CVX) as the US, Israel, and Iran work toward a truce. President Trump called on Israel to stop dropping bombs on Iran, calling it a “major violation” of a fragile ceasefire between the two countries he announced just hours beforehand. Moments earlier, Trump told reporters he believed both Israel and Iran had violated the ceasefire but said he believed the fragile truce which was already being tested would hold.
- Newmont Corp. (NEM) is following oil lower as commodities drop on news of a truce. “I think they both violated it,” Trump said as he departed the White House to attend the NATO summit at The Hague. But when asked if the ceasefire was breaking, Trump responded “I don’t think so.”
- Lockheed Martin (LMT) is down today following commodity stocks lower. The fragile truce followed an extraordinary night in which Tehran retaliated against a US attack by launching missiles at an American air base in Qatar, with no casualties reported.
- Fiserv (FI) shares are higher this morning after Mastercard deepened its partnership with Fiserv to integrate its new FIUSD token across a range of Mastercard products and services, expanding stablecoin adoption and utility for their shared customers around the world. Mastercard says people and businesses can use the new, programmable, blockchain-based token across more than 150 million merchants
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Energy Down, Airlines Gain, Defense Suppliers Slide
On this episode of Stock Movers:
- Stoxx 600 Energy index is down 2.9%, the worst-performing sector in Europe today
- Several Persian Gulf states, including Qatar and the United Arab Emirates, have reopened their airspace and resumed operations at some of the world’s busiest airports
- Defense suppliers are sliding again after significant declines on Monday
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Closing Bell: Tesla Jumps on Robotaxi Rollout, Circle Rises, Hims & Hers Sinks
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- Tesla (TSLA) shares climbed after the automaker rolled out its long-promised driverless taxi service to a handful of riders, a modest debut for what Elon Musk sees as a transformative new business line. The first robotaxi trips were limited to a narrow portion of Tesla’s hometown of Austin on Sunday, with an employee sitting in the front passenger seat of each vehicle to monitor for safety. The carmaker hand-picked a friendly group of retail investors and social-media influencers to serve as initial riders and live-stream their trips.
- Circle (CRCL) shares extended gains for a third consecutive session after the Senate passed stablecoin legislation last week.
- Hims & Hers (HIMS) shares dropped following news that Novo Nordisk was scrapping a partnership with the upstart telehealth platform after less than two months. Hims, a telehealth platform, wasn’t stepping back enough from its practice of mass marketing off-brand imitations of the weight-loss medicine, Novo executives said.“The big issue with Hims is that we had an agreement that the mass compounding would stop and unfortunately it didn’t stop,” said Ludovic Helfgott, executive vice president of product and portfolio strategy at Novo, in an interview. “That’s why we ended the partnership.” In a post on X, Hims Chief Executive Officer Andrew Dudum called Novo executive comments “misleading.” He said Novo had been pressuring Hims to “steer patients to Wegovy regardless of whether it was clinically best for patients.”
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Norwegian Cruise Line Down, Constellation Energy Up, Estee Lauder Upgrade
On this edition of Stock Movers:
- Norwegian Cruise Line (NCLH) shares fell following worries on the ongoing conflict in the Middle East and how it might impact oil prices. Carnival (CCL) is set to report earnings tomorrow, which could give a read on how travelers are feeling.
- Constellation Energy Corporation (CEG) shares rose on word that New York state is pushing to build a nuclear power plant to meet growing demand for clean energy, the first major US reactor project in more than a decade. Governor Kathy Hochul is directing the New York Power Authority to develop and build at least 1 gigawatt of nuclear capacity, enough to power a million homes. Multiple communities upstate are already lining up to host the project, she said Monday during a speech at the Niagara Falls hydroelectric plant.
- Estee Lauder (EL) shares gained after Deutsche Bank upgraded the cosmetics company to buy from hold due to increasing evidence that the firm is diversifying beyond China for future growth. Deutsche Bank analyst Stephen Powers says Estee Lauder’s investment requirements have been mostly fulfilled to the point where top-line growth can be better leveraged to the benefit of margin and profit recovery going forward
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Quantum Computing Lower, Fiserv Jumps, Exelixis Soars
On this episode of Stock Movers:
- Quantum Computing (QUBT) an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 14,035,089 shares of common stock in a private placement at a purchase price of $14.25 per share.
- Fiserv (FI) shares rose as much as 4.5% after the financial-technology company said it plans to launch a stablecoin and platform for its clients. The new platform is slated to be compatible with other stablecoins and enable connection with the other 10,000 financial institutions and millions of merchant locations, according to the company’s press release
- Exelixis (EXEL) shares soars as much as 23% to the highest level since July 2000, after the maker of cancer drugs said topline data for its metastatic colorectal cancer treatment had met one of the dual primary endpoints in the intent-to-treat population.
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Tesla Rises, Northern Trust Higher, Estee Lauder Gains After Deutsche Bank Upgrades To Buy From Hold
On this episode of Stock Movers:
- Tesla (TSLA) shares rise after roll out its long-promised driverless taxi service to a handful of riders Sunday, a modest debut for what Elon Musk sees as a transformative new business line.
-Northern Trust (NTRS) shares rise after Bank of New York Mellon approached Northern Trust last week to express interest in a possible merger
-Estee Lauder (EL) shares rise after Deutsche Bank upgrades the cosmetics company to buy from hold
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Northern Trust Merger Report; Exxon Higher; Hims & Hers Slides
On this episode of Stock Movers:
- Northern Trust (NTRS) shares are higher this morning on a WSJ report that Bank of New York Mellon approached it to express interest in a possible merger, which would be a megadeal for the US financial services industry. A tie-up would bring together two of the largest custodian banks in the world, with a combined entity's scale that would help it compete with global asset managers like BlackRock Inc. and Vanguard. BNY has been in the midst of an overhaul aimed at cutting costs and streamlining the institution, and a merger with Northern Trust could help cut Northern Trust's expenses by 20% to 30%.
- American Airlines (AAL) is today along with United Airlines (UAL) amid uncertainty surrounding the geopolitical conflict in the Middle East. Major global airlines have extended flight cancellations to the Persian Gulf, disrupting air traffic to critical hubs such as Dubai, after the US struck nuclear sites in Iran and Tehran vowed to retaliate. The disruptions have affected major travel hubs, with potential risks to global airline traffic, and have led to precautions such as evacuations and route changes by some companies and airlines.
- ExxonMobil (XOM) is moving to the upside this morning amid rising oil prices from the latest developments in the Israel-Iran conflict. The conflict has raised concerns about oil prices and inflation, with oil rising by nearly 6% and US stock futures declining, and has also led to warnings about the risk to global energy supplies and the closure of the Strait of Hormuz.
- Hims & Hers (HIMS) shares are sliding after Novo Nordisk ended its partnership with the telehealth platform that has been selling compounded obesity drugs, newswire MarketWire reports, citing a statement from the Danish company.
- Fiserv Inc. (FI) is also in the green this morning after the Wall Street Journal reported the financial-technology company’s plans to launch a stablecoin and platform for its clients. The new platform is slated to be compatible with other stablecoins and enable connection with the other 10,000 financial institutions and millions of merchant locations, according to the Journal.
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Oil and Defense Stocks Rise; Fiserv Stablecoin Pop
On this episode of Stock Movers:
- ExxonMobil (XOM) is moving to the upside this morning amid rising oil prices from the latest developments in the Israel-Iran conflict. The conflict has raised concerns about oil prices and inflation, with oil rising by nearly 6% and US stock futures declining, and has also led to warnings about the risk to global energy supplies and the closure of the Strait of Hormuz.
- RTX Corp. (RTX) is higher this morning along with other defense stocks due to rising geopolitical risk in the Middle East. Iran vowed retaliation and continued attacks on Israel following US strikes on its nuclear facilities, fueling fears of a wider war in the Middle East and rattling global markets.
- Lockheed Martin (LMT) is also riding high this morning following RTX and other defense stocks. The US operation over the weekend targeted nuclear sites at Fordow, Natanz, and Isfahan, and included 125 aircraft, strikes by Tomahawk missiles, and the use of 14 Massive Ordnance Penetrator bombs.
- Fiserv Inc. (FI) is also in the green this morning after the Wall Street Journal reported the financial-technology company’s plans to launch a stablecoin and platform for its clients. The new platform is slated to be compatible with other stablecoins and enable connection with the other 10,000 financial institutions and millions of merchant locations, according to the Journal.
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Airlines Lower, Energy Stocks Up, Defense Declines
On this episode of Stock Movers:
- Airlines all in the red as British Airways and Singapore Airlines canceled flights to the Persian Gulf, increasing aviation disruptions in the region
- The Stoxx 600 energy sector is the best performer on Monday, up 0.3% while the broader market is little changed by 9:07 a.m. in Frankfurt
- European defense stocks are mostly falling, though a Bloomberg index is still up almost 70% YTD
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Deep Dive: Meta Pays Up For Scale AI
Meta Platforms has made at $14.3 billion investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts. That investment represents at 49% stake in Scale AI and a 3x premium to recent industry deals.
For more on the deal, Paul Sweeney and Alix Steel speak with Bloomberg Intelligence Senior Analyst Mandeep Singh.
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Deep Dive: JetBlue Airways Warns of Weaker Demand
JetBlue Airways Corp. plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks as economic uncertainty feeds weaker-than-expected demand for travel, the company said in an internal memo.
The carrier will eliminate underperforming routes and plans to announce network changes in coming weeks, according to the memo from Chief Executive Officer Joanna Geraghty seen by Bloomberg on Tuesday.
JetBlue implemented budget reductions at support centers and is assessing hiring, spending on business partners and vendors and will combine or restructure some leadership roles. The carrier has halted cosmetic refreshes of four out of its 10 legacy Airbus A320 aircraft used for flights and will park the planes at the end of summer.
For more on JetBlue, Carol Massar and Tim Stenovec speak with Bloomberg's Mary Schlangenstein.
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Weekly Roundup: Coinbase Rises, Circle Soars, Solar Stocks Fall
On this episode of Stock Movers:
- Coinbase (COIN) rallied 27% this week, becoming the biggest weekly gainer in the S&P. Coinbase secured its Markets in Crypto Assets license from the Luxembourg Commission de Surveillance du Secteur Financier, enabling the company to offer a full suite of crypto products to all 27 EU member states. The company also introduced Coinbase payments for commerce platforms, the first full-stack stablecoin payment solution built for commerce platforms at scale.
- Circle (CRCL) shares jumped 20% on Friday after Seaport Global gave the stablecoin issuer its first buy rating in the wake of the US Senate’s move this week to pass legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. The company behind USDC, the second-largest stablecoin by market share, has seen its shares rise more than 600% since they started trading earlier this month. Optimism around stablecoin regulations has driven the strength. Seaport analyst Jeff Cantwell sees the global stablecoin market having the potential to reach $2 trillion at some point, from about $260 billion now. That would translate into annual revenue growth of 25%-30% for Circle, he wrote in a note to clients Friday.
- Solar stocks like Enphase Energy (ENPH) and First Solar (FSLR) declined this week. Earlier in the week, Senate Republicans released a bill that would end tax credits for wind and solar earlier than for other sources, prompting downgrades for the sector at KeyBanc. The new version of the bill would end incentives for wind and solar in 2028, though tax breaks for other sources of power including nuclear, hydropower and geothermal would be allowed to remain until being phased out in 2036.
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Closing Bell: Circle Soars, Kroger Beats, Nvidia Slumps
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- Circle (CRCL) shares soared after Seaport Global gave the stablecoin issuer its first buy rating in the wake of the US Senate’s move this week to pass legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. The company behind USDC, the second-largest stablecoin by market share, has seen its shares rise more than 600% since they started trading earlier this month. Optimism around stablecoin regulations has driven the strength. Seaport analyst Jeff Cantwell sees the global stablecoin market having the potential to reach $2 trillion at some point, from about $260 billion now. That would translate into annual revenue growth of 25%-30% for Circle, he wrote in a note to clients Friday.
- Kroger (KR) shares were higher after its sales surpassed expectations during the latest quarter, a sign that consumers are still spending on groceries and other essentials despite economic turbulence. The nation’s largest supermarket operator said its comparable sales, excluding fuel, rose 3.2% — better than what Wall Street analysts were expecting. The company also raised its full-year sales guidance to a range of 2.25% to 3.25%. It reaffirmed the rest of its outlook. Chief Financial Officer David Kennerley told analysts on the company’s conference call that Kroger has seen an improvement in grocery volumes in recent quarters, which contributed to growth in the latest quarter. Kroger expects further volume expansion over the rest of 2025. Interim Chief Executive Officer Ronald Sargent said he’s optimistic about the rest of the year while citing broader economic uncertainty.
- Nvidia (NVDA) shares slumped, along with shares throughout the chip sector on the Wall Street Journal's reporting that a top US official told chipmakers that it's possible waivers they've used to access American technology in China could end up revoked.
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KBR Slumps, Circle Soars on Stablecoin Bill, Kroger Beats
On this edition of Stock Movers:
- KBR (KBR) shares dropped nearly 9%, the most since early November after the engineering company announced its role in the US Transportation Command (TRANSCOM)'s Global Household Goods Contract, which is designed to improve the moving system for military service members and their families. KBR was involved in the contract in a joint venture with HomeSafe Alliance. Bloomberg Intelligence analyst Scott Levine says the termination of the contract may reflect risks to government service providers due to efficiency initiatives imposed by the Trump administration.
- Circle (CRCL) shares rose as much as 17% on Friday after Seaport Global gave the stablecoin issuer its first buy rating in the wake of the US Senate’s move this week to pass legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. The company behind USDC, the second-largest stablecoin by market share, has seen its shares rise more than 600% since they started trading early this month. Optimism around stablecoin regulations has driven the strength. Seaport analyst Jeff Cantwell sees the global stablecoin market having the potential to reach $2 trillion at some point, from about $260 billion now. That would translate into annual revenue growth of 25%-30% for Circle, he wrote in a note to clients Friday.
- Kroger (KR) sales surpassed expectations during the latest quarter, a sign that consumers are still spending on groceries and other essentials despite economic turbulence. The nation’s largest supermarket operator said its comparable sales, excluding fuel, rose 3.2% — better than what Wall Street analysts were expecting. The company also raised its full-year sales guidance to a range of 2.25% to 3.25%. It reaffirmed the rest of its outlook. Chief Financial Officer David Kennerley told analysts on the company’s conference call that Kroger has seen an improvement in grocery volumes in recent quarters, which contributed to growth in the latest quarter. Kroger expects further volume expansion over the rest of 2025. Shares of the supermarket operator rose.
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Smith & Wesson Down; Kroger Sales Beat; GMS Jumps
On this episode of Stock Movers:
- Smith & Wesson Brands (SWBI) sinkafter the firearm company reported adjusted earnings per share for the fourth quarter that missed the average analyst estimate.
- Kroger’s (KR) sales surpassed expectations during the latest quarter, a sign that consumers are still spending on groceries and other essentials even amid economic turbulence. The nation’s largest supermarket operator said its comparable sales, excluding fuel, rose 3.2% — better than what Wall Street analysts were expecting. The company also raised its full-year sales guidance to a range of 2.25% to 3.25%, but reaffirmed the rest of its outlook.
- GMS (GMS) shares rise after the Wall Street Journal reported that Home Depot has made an offer for the building materials firm, potentially setting off a bidding war with QXO which made a $5 billion offer earlier in the week
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Carmax Rises, Darden Restaurants Higher, Circle Extends Gains After US Senate Passes Legislation
On this episode of Stock Movers:
- CarMax (KMX) shares rise after comparable sales and earnings per share for the first quarter that beat consensus estimates.
- Darden (DRI) share rise after the company reported comparable sales growth for the fourth quarter that topped the average analyst estimate.
- Circle (CRCL) shares rise after the US Senate passed stablecoin legislation setting up regulatory rules for crypto currencies pegged to the dollar.
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Carmax Climbs; Darden Jumps on Sales Beat; Accenture Falls
On this episode of Stock Movers:
- CarMax (KMX) shares rise 10% ahead of the bell after the used-car seller reported comparable sales and earnings per share for the first quarter that beat consensus estimates.
- Shares of Darden (DRI,) the parent company of casual dining chains Olive Garden and LongHorn Steakhouse, are up 3.3% in premarket trading after the company reported comparable sales growth for the fourth quarter that topped the average analyst estimate. The company’s board also authorized a new share repurchase program worth up to $1 billion of common stock.
- Accenture (ANC) shares are down 4% in premarket trading, after the IT services company reported its third-quarter results and gave an outlook. Analysts highlighted bookings as a weak spot of the print.
- Circle Internet Group (CRCL) shares are set to extend gains, rising 14% in premarket trading. The stablecoin issuer rallied almost 34% on Wednesday after the US Senate passed stablecoin legislation setting up regulatory rules for crypto currencies pegged to the dollar.
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Carmax Beats Estimates; Circle to Extend Gains, Home Depot Seeks to Buy GMS
On this episode of Stock Movers:
- CarMax (KMX) reported earnings per share for the first quarter that beat the average analyst estimate.
- Circle Internet Group (CRCL) shares are set to extend gains, rising 14% in premarket trading. The stablecoin issuer rallied almost 34% on Wednesday after the US Senate passed stablecoin legislation setting up regulatory rules for crypto currencies pegged to the dollar.
- Home Depot (HD) has made an offer for GMS Inc., potentially setting off a bidding war with QXO Inc. which this week made a $5 billion offer for the building-products distributor, the Wall Street Journal reported Thursday. The offer from Home Depot, the world’s largest home-improvement retailer, is for an undetermined sum, the Journal said, citing people with knowledge of the matter.
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Deep Dive: Meta Invests $14.3 Billion in Scale AI
Meta Platforms Inc. has finalized a multibillion-dollar investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts — an unusual deal that signals a heightened push by the social media giant to catch up on AI development.
Meta said Thursday that it has backed Scale, without including details. The size of the investment was $14.3 billion, according to a person familiar with the matter. The deal values the startup at more than $29 billion, including the money raised, Scale said in a blog post Thursday.
As part of the investment, Scale CEO and co-founder Alexandr Wang is set to take on a new role at Meta on its AI team. Wang will join the company’s “superintelligence” unit, focused on building AI that performs as well as humans, a hypothetical advance often referred to as artificial general intelligence. Wang will stay on at Scale as a board member.
Carol Massar and Tim Stenovec discuss the move with Bloomberg Opinion Columnist Dave Lee, who wrote the following column on the matter:
(Bloomberg Opinion) -- It sounded like something that should have come from the sports desk — a $14.3 billion transfer fee for a young up-and-coming prospect as Meta Platforms Inc. looks to rebuild its team for the tough season ahead. The head coach is an under-pressure Mark Zuckerberg, and the hot talent is Alexandr Wang, 28. His company is Scale AI, and Meta is taking a 49% stake, it was confirmed last week.
Were this an acquisition, it would be the second largest in Meta’s history after its $19 billion purchase of WhatsApp in 2014. But it’s not an acquisition, so don’t call it that, even though it bears many of the hallmarks of one.
Wang is going to join Meta as a top executive tasked with running a crack team to build an AI superintelligence, sitting next to Zuckerberg at Meta’s headquarters. Other Scale AI employees will join, too, according to multiple reports. So — definitely not an acquisition, just an investment that also includes putting the the company’s top talent on Meta’s payroll. Meanwhile, Meta has been trying to poach AI talent from Google and OpenAI with the promise of “seven- to nine-figure” salaries, the New York Times reported.
In its defense, Meta is hardly a pioneer here. As Bloomberg Tech’s Jackie Davalos mentioned in her analysis, this kind of squad building is becoming a regular occurrence. Microsoft Corp. signed Inflection AI’s co-founders; Alphabet Inc. hired Character.AI’s founders; Amazon.com Inc. took on Adept AI’s chief executive officer. On none of these occasions did they acquire the actual companies.
Two forces are driving this approach. The first, glaringly, is that the big companies are particularly keen to avoid being seen to be making acquisitions right now when judges are deep in consideration over whether earlier actions, such as Meta’s purchases of Instagram and WhatsApp, should be deemed illegal. For Meta, structuring the Scale AI deal as an investment means avoiding a long, turbulent timeline that would come with a buyout effort.
But the second factor is what I find more interesting. Ever since the launch of ChatGPT, there’s been no shortage of soul-searching among big tech firms as to why they didn’t get there first. How could it be that the pioneering work was done outside of their campuses by individuals and companies with relative pennies compared with their R&D budgets? The reason, as evidenced by these hirings and investments, is the very nature of bigness. Now that the big tech companies are mature businesses, never has their inability to move quickly and take risks been more apparent.
Does an Alexandr Wang find success at a place like Meta had he been hired as a young engineer? A company with 77,000 employees and a fierce focus on keeping Wall Street happy? One that’s run by a CEO he would likely have never been able to meet, let alone be able to influence?
Startups have always had an upper hand in this way, for sure, but the low barrier to entry for those with bright AI ideas means it has never been easier to attract attention. But then what? Founders are finding themselves staring at unfathomably large data center costs to scale their businesses. When a hyperscaler like Meta comes knocking, it can look like the only sensible way forward.
So the startup ecosystem may now behave like the minor leagues. Feeder clubs that are a breeding ground for talent wait in the wings of the bigger teams with the deepest pockets. The talent leaves, but the club remains. In what form isn’t quite clear, though at least investors get their money back.
The approach may seem expensive, but it is certainly fast. Why would tech giants, seeking tighter headcounts these days, try to incubate these talents when they could just sit back and wait for special geniuses to make themselves known? Of course, there’s a risk of losing talent to a competitor — hence the jacking up of compensation to levels that only the biggest companies could afford, consolidating AI expertise in just a few of the usual places. (At the same time, some smaller companies may not want to be a feeder club and might feel unfairly treated as homegrown talent disappears after receiving an email from Zuckerberg offering $10 million to sign on — which is maybe just the beginning.)
We’ll see just how long this approach remains possible. As Axios’ Dan Primack has pointed out, antitrust authorities do have the power to go after these kinds of deals if they want. The Federal Trade Commission last year announced it was looking into them — just because they are not acquisitions doesn’t mean they can’t and won’t be scrutinized. But for Meta and its peers, that’s tomorrow’s concern. Today means assembling a squad as quickly as possible.
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Whitbread Drops, Hays Slumps, Richemont Down
On this episode of Stock Movers:
-Whitbread reported comparable sales for the first quarter of -1%.
- Hays slumps as much as 20%, the most in nine years, sending the staffing firm’s shares to their lowest since October 2008. The company released an unscheduled update, saying that current tough market conditions would persist into FY26, with permanent recruitment activity levels especially weak.
- European luxury stocks drop, led by Richemont and Swatch, after a report showed Swiss watch exports fell 9.5% in May, driven by US downturn following a strong month of April.
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Circle Rises After Stablecoin Bill Passes, Marvell Rallies, Netflix Gains
On this episode of Stock Movers:
- Stablecoin issuer Circle (CRCL) shares rose as much as 9.8% on Wednesday after the US Senate passed stablecoin legislation setting up regulatory rules for crypto currencies pegged to the dollar. The stablecoin vote is the industry’s most tangible return yet on the hundreds of millions of dollars it poured into electing a crypto-friendly Congress. As of the last close, the stock has risen more than 380% from its IPO price of $31. Visa (V) and Mastercard (MA) both fell as much as 5% amid continued worries about the impact of stablecoins on the credit-card issuers.
- Marvell Technology (MRVL) also rallied today. Analysts are now positive on the chip maker after first quarter earnings that came in line with expectations. Following an event focused on AI, Marvell raised its overall data center total addressable market to $94 billion by 2028, up from $75 billion.
- Netflix (NFLX) is up 38% year-to-date today after an announcement that the streamer will add live television channels and shows from French broadcaster TF1, expanding Netflix's live offerings for customers in the country. French customers will be be able to watch live feeds, including sports, from TF1’s channels, and stream the broadcaster’s shows on demand from next summer, Netflix said in a statement on Wednesday. Netflix will dedicate a portion of the app to TF1 content as part of the distribution agreement.
Netflix is expanding the content it offers customers and has invested in live events such as National Football League games and wrestling matches. The French partnership goes a step further, offering traditional live broadcast content such as dramas and reality television.
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Closing Bell: Coinbase Rallies on New Deal, Uber Slides, Visa Stumbles
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- Coinbase (COIN) inked a deal to have the world’s second-biggest stablecoin, USDC, used as collateral in US futures trading. The cryptocurrency exchange is also expanding its payment offerings, including integrating USDC on ecommerce merchant sites. Coinbase Derivatives is partnering with clearing house Nodal Clear to work with regulators on what it expects to be the first regulated use of USDC as collateral, according to an announcement on Coinbase’s website Wednesday. Circle Internet Group Inc., of which Coinbase owns a minority stake, is the issuer behind USDC. The stablecoin — essentially a digital asset designed to hold a steady value — has a $61.5 billion market capitalization, per tracker CoinMarketCap.com. Shares rallied on the news.
- Uber (UBER) shares fell as shares of Lyft after Alphabet's Waymo applied for a permit to test its robotaxis in New York City, underscoring its intent to operate in one of the largest ride-hailing markets in the US despite an absence of local regulations supporting commercially operated autonomous vehicles.The company has applied for a permit with the city’s Department of Transportation to operate its vehicles autonomously in Manhattan with a trained human specialist supervising behind the wheel, spokesperson Ethan Teicher said in a statement Wednesday.
- Visa (V) and Mastercard (MA) shares both fell amid fears of increased competition from stablecoins and what it could mean for the credit card industry. after White House crypto czar David Sacks told Bloomberg Television that stablecoin legislation would cause the asset class to grow and create demand for the US dollar
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Norwegian Cruise Falls, Netflix Gains, Circle Rises After Stablecoin Bill Passes
On this episode of Stock Movers:
- Norwegian Cruise (NCLH) falls as Argus cuts on demand vulnerability
-Netflix (NFLX) shares rise since they announced that they will add live television channels and shows from French broadcaster TF1, expanding the streaming platform’s live offer for customers in the country.
- Circle (CRCL) shares rise after the US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar.
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Marvell Technology Surges, Circle Internet Group Rises, Constellation Brands Little Changed After Target Cut
On this episode of Stock Movers:
- Marvell Technology (MRVL) shares surge with analysts positive on the chipmaker following an event focused on AI. At the event, Marvell raised its overall data center total addressable market to $94 billion by 2028, up from $75 billion.
- Circle Internet Group (CRCL) shares rise after the US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar.
- Constellation Brands (STZ) shares are little changed after Citi analyst Filippo Falorni cut the target on Constellation Brands Inc. Class A to $170 from $190.
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Circle Stablecoin Pop; Airbus Reaffirms Guidance; Peloton Rises
On this episode of Stock Movers:
- Circle Internet Group (CRCL) shares gained this morning after the US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. The stablecoin vote is the industry’s most tangible return yet on the hundreds of millions of dollars it poured into electing a crypto-friendly Congress. Circle is a stablecoin issuer.
- Airbus (EADSY) is on the move this morning as it is targeting higher dividend payments to shareholders, raising its dividend ratio range from 30-40% to 30-50%. The company reiterated its 2025 guidance, expecting to generate over €1 billion in earnings before interest and taxes in each of its divisions by 2028. Arbus aims to deliver 820 aircraft this year, an increase from 2024 but below its pre-Covid peak of 863 planes in 2019.
- Peloton (PTON) shares are rebounding after yesterday's tumble. Fitness stocks fell yesterday after a Senate bill omitted the House’s proposed provisions allowing for the use of Health Savings Accounts (HSAs) for certain fitness allowances. Yesterday, Peloton shares slump 11%, Planet Fitness drops 2.2%, and Xponential is down 5.4%. The House’s version of the bill “allows for gym memberships and other physical fitness activities to be paid for with HSAs, up to a limit of $500 per year for individuals and $1,000 per year for families,” KeyBanc analyst Scott Schoenhaus writes in a note.
- Amazon (AMZN) is moving slightly on news that CEO Andy Jassy expects the company's workforce to decline in the next few years as it uses artificial intelligence to handle more tasks. Jassy says the company will need fewer people doing some jobs and more people doing other types of jobs, with AI expected to bring efficiency gains and reduce the total corporate workforce.
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Circle Jumps Again; Peloton Rebounds after Slide; Amazon Workforce
On this episode of Stock Movers:
- Circle Internet Group (CRCL) shares gained this morning after the US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. The stablecoin vote is the industry’s most tangible return yet on the hundreds of millions of dollars it poured into electing a crypto-friendly Congress. Circle is a stablecoin issuer.
- Peloton (PTON) shares are rebounding after yesterday's tumble. Fitness stocks fell yesterday after a Senate bill omitted the House’s proposed provisions allowing for the use of Health Savings Accounts (HSAs) for certain fitness allowances. Yesterday, Peloton shares slump 11%, Planet Fitness drops 2.2%, and Xponential is down 5.4%. The House’s version of the bill “allows for gym memberships and other physical fitness activities to be paid for with HSAs, up to a limit of $500 per year for individuals and $1,000 per year for families,” KeyBanc analyst Scott Schoenhaus writes in a note.
- Amazon (AMZN) is moving slightly on news that CEO Andy Jassy expects the company's workforce to decline in the next few years as it uses artificial intelligence to handle more tasks. Jassy says the company will need fewer people doing some jobs and more people doing other types of jobs, with AI expected to bring efficiency gains and reduce the total corporate workforce.
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Airbus Gains, Gerresheimer Up, UBS Losses
On this episode of Stock Movers:
- Airbus shares rise as much as 2.3% after the planemaker said it was extending the upper range of its dividend payout ratio to 30-50% from the current level of 30-40%.
- Gerresheimer said KPS Capital Partners is still in discussions with Warburg Pincus. Talks on a potential takeover “are open-ended,” Gerresheimer said
- UBS shares fell 1.7%, the worst performer in the Stoxx 600 Financial Services Index, after Morgan Stanley cut its recommendation on the Swiss lender to underweight from equalweight, saying that new capital demands imposed by Switzerland will impact shareholder returns.
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JetBlue Cuts Costs, Humana Rises, Solar Falls
On this episode of Stock Movers:
- JetBlue (JBLU) plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks as economic uncertainty feeds weaker-than-expected demand for travel, the company said in an internal memo. The carrier will eliminate underperforming routes and plans to announce network changes in coming weeks, according to the memo from Chief Executive Officer Joanna Geraghty seen by Bloomberg on Tuesday.
JetBlue implemented budget reductions at support centers and is assessing hiring, spending on business partners and vendors and will combine or restructure some leadership roles. The carrier has halted cosmetic refreshes of four out of its 10 legacy Airbus A320 aircraft used for flights and will park the planes at the end of summer.
“We’re hopeful demand and bookings will rebound, but even a recovery won’t fully offset the ground we’ve lost this year and our path back to profitability will take longer than we’d hoped,” Geraghty said. “That means we’re still relying on borrowed cash to keep the airline running.”
- Humana (HUM) shares were up as much as 4%, the most intraday in a month, as analysts are positive on the health insurer following its investor day event where it gave updates regarding expectations for earnings growth through 2028. KeyBanc Capital Markets says the investor day provided “a clear picture” of the earnings power of the business and how the company plans to unlock margins by 2028.
- Solar stocks, like Sunrun (RUN), SolarEdge (SEDG) and Enphase (ENPH) fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected, dashing hopes that major cuts passed by the House wouldn’t stick. The new version of the bill released by the Senate Finance Committee would end incentives for wind and solar in 2028. Tax breaks for other sources of power, such as nuclear, hydropower and geothermal, would be allowed to remain until being phased out in 2036, according to a summary of the legislation.
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Closing Bell: Jabil Rises, Fluence Energy Up, Verve Soars
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- Jabil (JBL) shares are up 2.9% in premarket trading, after the manufacturing services company reported third-quarter results that beat expectations and raised its full-year forecast.
JPMorgan writes that the report shows “robust revenue trends,” which “was primarily driven by the Intelligent Infrastructure segment, which we believe is led by share gains with the primary customer in Cloud compute.” The report “also highlights stable or positive trends across cyclical end markets, with Regulated Industries and Connected Living & Digital Commerce tracking in line with better than prior guide, and will be a pleasant surprise for investors relative to the general pessimism relative to the macro.”
- Fluence Energy (FLNC) shares climbed as much as 19%, the most intraday in over a month, after the Senate Finance Committee released its version of a budget reconciliation bill that JPMorgan analysts believe is positive for energy storage firms.
“Energy storage is exempt from the phase-down, meaning that full credits would remain in place as written in current law,” JPMorgan analyst Mark Strouse writes. The tax bill did phase down tax credits for solars, which is weighing on the shares on Tuesday.
- Verve Therapeutics (VERV) shares soared 82% in premarket trading after the Financial Times reported that Eli Lilly is in advanced talks to buy the gene-editing startup for as much as $1.3 billion. Shares in Eli Lilly edge lower, falling 1.1%. The deal could be announced as soon as this week, FT reported.
BMO Capital Markets analyst Evan David Seigerman is cautious on potential acquisition of Verve by Lilly, as he would “question the ultimate commercial viability of gene editing for primary care conditions.” Verve shares closed at $6.3 in New York on Monday; up 11% year-to-date.
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JetBlue's Cost Cutting Plan, Solar Stocks Slide, Surgery Partners Lower
On this edition of Stock Movers:
- JetBlue (JBLU) plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks as economic uncertainty feeds weaker-than-expected demand for travel, the company said in an internal memo. The carrier will eliminate underperforming routes and plans to announce network changes in coming weeks, according to the memo from Chief Executive Officer Joanna Geraghty seen by Bloomberg on Tuesday.
JetBlue implemented budget reductions at support centers and is assessing hiring, spending on business partners and vendors and will combine or restructure some leadership roles. The carrier has halted cosmetic refreshes of four out of its 10 legacy Airbus A320 aircraft used for flights and will park the planes at the end of summer. Shares initially rallied before paring gains.
- Solar stocks, like Sunrun (RUN), SolarEdge (SEDG) and Enphase (ENPH) fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected, dashing hopes that major cuts passed by the House wouldn’t stick. The new version of the bill released by the Senate Finance Committee would end incentives for wind and solar in 2028. Tax breaks for other sources of power, such as nuclear, hydropower and geothermal, would be allowed to remain until being phased out in 2036, according to a summary of the legislation.
- Surgery Partners (SGRY) shares tumbled as much as 14%, the most intraday since November 2024, after the company turned down a buyout proposal from Bain Capital, with its independent committee concluding that its long-term value as a standalone public company outweighs Bain’s offer. The company also reaffirmed its revenue forecast for the full year.
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JetBlue Falls, Lennar Rises, Surgery Partners Slides After Rejecting Bain Takeover
On this episode of Stock Movers:
- JetBlue (JBLU) shares are lower on plans to accelerate its cost reductions by eliminating some flights, pausing retrofits and parking some jets due to weaker-than-expected demand for travel. This is according to an internal memo, which CNBC reported on earlier.
- Lennar (LEN) shares rise after a miss on the homebuilder’s new orders outlook was tempered by better-than-expected gross margins, which RBC Capital Markets said should reassure investors.
- Surgery Partners (SGRY) shares slide after the company turned down a buyout proposal from Bain Capital, with its independent committee concluding that its long-term value as a standalone public company outweighs Bain’s offer.
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Enphase Drops, T-Mobile Falls, JetBlue Lower on Cost Cuts
On this episode of Stock Movers:
- Enphase (ENPH) shares drop in the biggest one-day drop since September 2016. Shares of US solar companies fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected.
- T-Mobile (TMUS) shares fall after Softbank sold T-Mobile stake for $4.8 billion. It's the biggest US share sale since TD Bank sold a $13.1 billion stake in Charles Schwab in February. The sale will help fund Softbank's plans to ramp up investments in AI, including plans to put down as much as $30 billion in OpenAI.
- JetBlue(JBLU) shares are lower on plans to accelerate its cost reductions by eliminating some flights, pausing retrofits and parking some jets due to weaker-than-expected demand for travel. This is according to an internal memo, which CNBC reported on earlier.
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Lennar Edges Higher;Verve Therapeutics Soars; T-Mobile Slides
On this episode of Stock Movers:
- Lennar (LEN) is edging higher after a miss on the homebuilder’s new orders outlook was tempered by better-than-expected gross margins, which RBC Capital Markets said should reassure investors. Analysts including Mike Dahl say Lennar’s results came in better than feared on gross margin percentage with orders modestly missing, while the guide for a flat quarter-on-quarter gross margin percentage also surprised on the upside. Lennar’s second-quarter adjusted earning per share missed consensus estimates with higher selling, general, and administrative expenses and lower average selling price, but gross margins in-line, write analysts including Matthew Bouley of Barclays.
- Sunrun (RUN) shares are sinking in the premarket. It comes as KeyBanc Capital Markets analyst Sophie Karp cut the recommendation on Sunrun Inc. to underweight from sector weight. Investors who followed Karp's recommendation received a 0% return in the past year, compared with a negative 27% return on the shares.
- Verve Therapeutics (VERV) is soaring following a Financial Times report that Eli Lilly is reportedly in advanced talks to buy the gene-editing startup for as much as $1.3 billion. Eli Lilly (LLY) is lower on M&A news. Eli Lilly would pay almost $1 billion upfront and another $300 million based on Verve reaching clinical milestones, according to FT.
- T-Mobile (TMUS) is sliding this morning after a report that SoftBank raised around $4.8 billion through a sale of 21.5 million T-Mobile US Inc. shares at $224 each. The deal represents a 3% discount to T-Mobile US's Monday closing price of $230.99 per share and is the biggest US share sale since February.
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Defensive Stocks Higher; Oil Stocks Climb; Eli Lilly Deal
On this episode of Stock Movers:
- Lockheed Martin (LTM) is leading defense stocks higher this morning amid growing tensions in the Middle East. The conflict between Israel and Iran continues, with both sides exchanging strikes, and Trump has not ruled out further talks or sending a high-level official to meet with Iran.
- Conoco Phillips (COP) is higher this morning along with other energy stocks amid the Israel-Iran conflict. The situation remains volatile, with global markets still fearful of the war spreading to other countries in the oil- and gas-producing region, and the US deploying an aircraft carrier strike group to the Middle East ahead of schedule. The risk of oil-driven price pressures adds to the uncertainty facing central banks, with Federal Reserve officials signaling a prolonged pause in interest rates and investors watching for clues about what could eventually prompt a policy move.
- Eli Lilly (LLY) is lower on M&A news that the company is looking to buy Verve Therapeutics, according to a report from the Financial Times. Eli Lilly is reportedly in advanced talks to buy the gene-editing startup for as much as $1.3 billion. Eli Lilly would pay almost $1 billion upfront and another $300 million based on Verve reaching clinical milestones, according to FT.
- T-Mobile (TMUS) is sliding this morning after a report that SoftBank raised around $4.8 billion through a sale of 21.5 million T-Mobile US Inc. shares at $224 each. The deal represents a 3% discount to T-Mobile US's Monday closing price of $230.99 per share and is the biggest US share sale since February.
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Sabadell Weighs Sale, Vestas Down, Apollo Deal
On this episode of Stock Movers:
- Banco Sabadell is considering a sale of its UK unit TSB, the latest twist in a year-long effort to defend itself against a takeover by rival BBVA
.
- Clean energy stocks including Vestas and Orsted fall in Europe after US Senate Republicans released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives.
- An Apollo Global Management Inc. investment vehicle sold its entire 21.3% stake in Italian betting firm Lottomatica Group Spa on Monday, leading a €2.3 billion ($2.7 billion) wave of European block trades as investors capitalized on the market’s bounce.
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Coty Climbs, MGM Gains, Lockheed Martin Falls
On this edition of Stock Movers:
- Coty (COTY) climbed after Women’s Wear Daily reports that the beauty company is looking for buyers. Citi analyst Filippo Falorni writes: “we acknowledge the possibility of M&A, especially given COTY’s valuation, progress on debt deleverage over the last several years with the potential for value unlock from the sale of its Wella stake”
- MGM (MGM) Resorts shares gained, as well as shares in Entain, after BetMGM, the sports betting platform the two companies jointly own, raised its full-year guidance.
- Lockheed Martin (LMT) shares fell on word that a deal between the US and China on rare earths wouldn't include Lockheed Martin's F-35 planes.
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Closing Bell: AMD Climbs, Warner Bros. Higher, Lockheed Martin Slumps
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- AMD (AMD) shares jumps as much as 10% amid a broad rally in semiconductor stocks as Piper Sandler said products unveiled last week were positive and expects a "snapback" for the GPU business this year.
- Warner Bros. (WBD) shares rose on the word it won enough support from creditors to overhaul its debt as part of a plan to split into two separate companies, a significant victory for the entertainment giant as it tries to turn itself around. The company said last week that it’s dividing into two separate corporations, one focusing on streaming and movie studios, and the other on cable television channels. As part of that division, it said it’s looking to buy back some $14.6 billion of bonds, and to switch the terms on remaining debt to give it more flexibility to shift around assets in the future, among other changes.
- Lockheed Martin (LMT) shares slumped on the day after a report that its F-35 planes wouldn't be included in a rare earths deal between the US and China. After the closing bell, the defense firm named Craig Martell its new chief technology officer.
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Boeing Higher, Roku Jumps, American Express Rallies
On this edition of Stock Movers:
- Boeing (BA) shares are higher after the planemaker said it’s made more progress in the past four to five months on the long-delayed new presidential aircraft than at any point in the last four years as it identifies ways to streamline the complex program. “As we go forward, we have been able to see our way through some of these requirements that were just physically impossible to do,” Steve Parker, the interim head of Boeing’s defense business, told journalists at the Paris Air Show on Monday. “We’re just making really, really good progress.” The pair of new Air Force One jets have suffered cost overruns and delays because of the complexities associated with building an aircraft that needs to perform secure missions, withstand possible missile attacks and function as a de-facto White House in the sky.
- Roku (ROKU) shares jumped after the company announced a partnership with Amazon Ads, saying that advertisers will now have access to more than 80% of US households with connected TV though the Amazon DSP marketing tool. The partnership “enhances addressability” across services including the Roku Channel, Prime Video and other companies’ streaming platforms, according to the statement announcing the move.
- American Express (AXP) shares are up after it teased updates coming later this year to its travel-focused Platinum credit cards, announcing what it called its “largest investment ever” in a credit-card refresh. “We’re going to take these cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel,” Howard Grosfield, Amex’s group president for US consumer services, said in a statement Monday. Amex raised its Platinum card annual fee to $695 in July 2021, when it also added $200 in annual hotel credits. Since then, the New York-based company has faced intensifying competition for premium credit-card customers, including from JPMorgan Chase & Co.’s Sapphire Reserve card and Capital One Financial Corp.’s Venture X Rewards card. The Amex update will apply to both the US consumer and business Platinum cards, the company said. It didn’t provide more specifics on what changes are coming.
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ConocoPhilips Falls, AMD Rises, Meta Gains on Whatsapp Ad news
On this episode of Stock Movers:
- ConocoPhilips (COP) shares fall after the Wall Street Journal reported earlier that Iran has signaled it wanted to de-escalate hostilities with Israel.Meanwhile Reuters is reporting Iran is seeking for President Trump to press Israel for an immediate ceasefire and is offering flexibility in nuclear talks.
- AMD (AMD) shares rise after Piper Sandler raised the price target to $140 from $125. It's a 21% increase from the current price. Analysts said products unveiled last week were positive and expects a “snapback” for the graphics processing unit business in the fourth quarter.
- Meta (META) shares gain after news that Whatsapp will show ads in the Updates tab, which gets 1.5 billion visitors per day, according to Meta. WhatsApp will also let Channel operators sell subscriptions, meaning they can create special messages just for a group of paying customers.
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T-Mobile Falls, MGM Rises, Incyte Gains on Clinical Data
On this episode of Stock Movers:
- T-Mobile (TMUS) shares fall after news that President Donald Trump is launching a Trump-branded mobile phone service, that will rely on wireless networks and hardware that is “made in America.”
- MGM (MGM) shares rise after sports betting joint venture BetMGM raised its net revenue and Ebitda guidance for fiscal year 2025, following strong second-quarter trading.
- Incyte (INCY) shares gain after the drugmaker gave clinical data from two trials of its experimental therapy to treat a blood disorder, which is impressing Wall Street.
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EchoStar Soars; US Steel Rallies; Sarpeta Plunges
On this episode of Stock Movers:
- EchoStar (SATS) is soaring this morning as President Trump urges the company to make a deal with the FCC for its wireless spectrum licenses. The president met with EchoStar Chairman Charlie Ergen and Carr at the White House, encouraging them to work together and reach a deal. The FCC is investigating whether EchoStar is meeting obligations for its wireless and satellite spectrum rights, and the company has been skipping bond coupon payments and considering filing for bankruptcy.
- US Steel (X) is rallying today as Nippon Steel secured approval from President Trump to purchase United States Steel Corp. for $14.1 billion, its biggest ever overseas bet. The deal comes with significant concessions to the US government, including a "golden share" that gives Washington a say in major decisions and control over some board seats, and a promise to invest $14 billion over the coming years.
- Roche (RHHBY) is slightly down, but its partner Sarpeta Therapeutics (SRPT) is plunging on news that a second patient has died of acute liver failure while being treated with Sarepta Therapeutics Inc.'s gene therapy for a rare muscle disorder, following a similar death three months prior. The development has cast a pall over Sarpeta's most important drug and will intensify scrutiny on the FDA over its decision to approve it, despite a lack of data showing it slows overall progression of the disease.
- Victoria's Secret (VSCO) is up on news Barington Capital Group has built a stake in Victoria's Secret & Co. and plans to urge changes to its board and strategy. The company is under pressure to grow sales amid new competition, and its shares have declined 56% this year through Friday. The company has faced challenges, including tariffs, weakening consumer spending, and a security incident that took its e-commerce operation offline, affecting its goal to regain dominance in bras.
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Marathon Petroleum Gains; Palantir Higher; US Steel Rallies
On this episode of Stock Movers:
- Marathon Petroleum (MPC) is higher this morning as it beats out oil giants like Chevron and Exxon, as companies with more exposure to the United States share picture are gaining. The conflict between Israel and Iran has caused damage to the US consulate in Tel Aviv, and has led to a rise in global energy prices, with Brent crude gaining 5.5% in Asia trading on Monday.
- Palantir (PLTR) shares are higher today as defensive plays rally in a market concerned about geopolitical risk. Investors are worried about inflation and geopolitical risks, which could propel yields higher, but companies considered defensive stocks are rallying. Hostilities between Israel and Iran have entered a fourth day, with no sign of easing.
- US Steel (X) is rallying today as Nippon Steel secured approval from President Trump to purchase United States Steel Corp. for $14.1 billion, its biggest ever overseas bet. The deal comes with significant concessions to the US government, including a "golden share" that gives Washington a say in major decisions and control over some board seats, and a promise to invest $14 billion over the coming years.
- Newmont Corp. (NEM) is a downside mover this morning as gold prices drop after a big rally Friday amid heightened global tensions. In the premarket this morning, the S&P 500 contracts rose 0.5% as dip-buyers moved in, while European and Asian stocks also advanced, and gold slipped 0.5% from an all-time high.
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Weekly Roundup: Halliburton Rises, Smuckers Falls, Oracle Hits Record
On this episode of Stock Movers:
- Halliburton (HAL), along with shares in several energy and oil companies, rose toward the end of the week on heightened tensions in the Middle East. Iran fired hundreds of ballistic missiles against Israel following an unprecedented direct attack on its nuclear facilities, ramping up a conflict between sworn enemies that threatens to engulf the Middle East and disrupt global oil supplies. Multiple waves of missiles targeting Israeli cities amount to the most forceful step yet by Tehran since Israel’s overnight raids killed top Iranian generals and badly damaged key military infrastructure. Israel said it identified missiles launched from the Islamic Republic and reported explosions from interceptions and falling debris from incoming projectiles. There was dramatic video footage of at least one large explosion in Tel Aviv, and reports of explosions over Jerusalem.
- Smuckers (SJM) declined the most in nearly four decades after saying US tariffs increasing costs in its coffee business will hurt profit, continuing a challenging run for the biggest US packaged food producers. The company, which owns the Folgers and Cafe Bustelo coffee brands, said adjusted earnings this fiscal year will be as much as $9.50 a share. The impact of higher coffee costs and US levies reduced that forecast by roughly $1 a share, Smuckers said.
Shares sank 16% on Tuesday in New York, the biggest drop in data compiled by Bloomberg that extends back to 1988. The stock had risen about 1.6% this year through Monday’s close, less than the S&P 500 Index’s gain of roughly 2%.
- Oracle (ORCL) shares soared to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing — renting out computing power and storage — by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power. The shares gained 13% to $199.85 at the close on Thursday in New York, marking the biggest single-day increase in a year. Oracle had already climbed 17% in the last month as investors grew more optimistic that tariffs and other geopolitical issues wouldn’t disrupt the software industry.
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Closing Bell: Lockheed Martin, Defense Stocks Rise, Oracle Up, Adobe Sinks
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- Lockheed Martin (LMT) shares of Lockheed Martin, as well as other defense stocks rose as investors reacted to rising tensions in the Middle East. Iran fired hundreds of missiles in retaliation for Israel’s airstrikes that targeted Tehran’s military and nuclear infrastructure, broadening a conflict that threatens to engulf the region and roil global markets. Israel said it identified missiles launched from the Islamic Republic and reported explosions from interceptions and falling debris from incoming projectiles. US forces are helping to intercept and shoot down the Iranian missiles, according to American and Israeli officials.
- Oracle (ORCL) shares extended a two-day rally in the wake of a better-than-expected earnings report, even amid a broad selloff sparked by Israel's attack on Iran and Iran's counterstrikes.
- Adobe (ADBE) shares shares fell the most in three months after the creative-software company gave a sales outlook for the current quarter that failed to calm investors who have been skeptical it can hold its own against AI-focused upstarts. Adobe has become a central focus of investors debating whether artificial intelligence tools will disrupt traditional software industry leaders. Design applications like those from Canva Inc. and image-creation tools from AI firm Midjourney Inc. have gained steam while Adobe has weaved generative AI tools through its products, including Photoshop. In February, it introduced separate subscriptions for its AI video generator, trying to compete with similar tools from rivals including OpenAI and Runway.
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Lockheed Martin Rises, Oracle Gains, Visa Drops on Stablecoin Report
On this episode of Stock Movers:
- Lockheed Martin (LMT) shares rise. Earlier this week, there was a report that the Department of Defense will cut its order of F-35s by half. Thursday, the Congressional Budget Office found that operating and support costs of F-35 fighter jets stabilized after a period of decline. That was in response to President Trump's order in April to review all major defense acquisition programs.
- Oracle (ORCL) shares gain. The stock was raised to outperform from market perform at BMO Capital Markets, citing confidence that the software company can grow its operating income.
- Visa (V) shares drop after the Wall Street Journal reported large merchants, including Walmart and Amazon.com, are exploring how to issue or use stablecoins to bypass the traditional fees of card-based systems.
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United Airlines Falls, Diamondback Rises, Adobe Drops on AI Concerns
On this episode of Stock Movers:
- United Airlines (UAL) shares fall. Inflation data this week showed Airline fares fell 2.7% in May, the fourth straight month of declines. Bloomberg Intelligence analysts note Major US airlines are below the S&P 500 this year, though United is among the leaders in that sector due to its premium-demand models.
- Diamondback (FANG) shares rise. Bloomberg Intelligence analysts say Israel's strike against Iran puts focus back on a longer-term risk premium in oil prices and away from the demand concerns due to global trade tensions.
- Adobe (ADBE) shares drop after 2Q results beat estimates and the company raised its full-year forecasts, but analysts remain concerned about its AI business. Bloomberg Intelligence notes on the bright side that it's results show the stickiness of creative and document products, but Jeffries points out that there may not be enough progress on the AI front to appease the bears.
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Oil and Defense Higher; Newmont Safe Haven; Adobe Tumbles
On this episode of Stock Movers:
- Exxon (XOM) shares are higher this morning as Israel strikes Iran. Oil prices surged double digits after Israel carried out strikes against Iran, raising fears of a wider war in the region. The Strait of Hormuz, a critical oil chokepoint, is a key concern, with the potential for Tehran to retaliate and block the strait, and OPEC+ spare capacity potentially being challenged in such a scenario.
- RTX Corp. (RTX) is higher this morning along with other defense stocks on the S&P as geopolitical tensions rise over Israel's strikes on Iran. It launched airstrikes against Iran’s nuclear program and ballistic-missile sites renewed a standoff between two adversaries that risks spiraling into a wider conflict. While the reaction was strongest in crude oil, other pockets of the market suggested that investors are watching how long the tensions will last and whether the situation escalates.
- Newmont Corp. (NEM) shares are higher this morning as gold's risk premium is lifted by Israel's attack on Iran. According to Bloomberg Intelligence, Israel's attack on Iran could trigger a further jump in gold's risk premium above fair value of $100-$150 an ounce, pushing the metal beyond $3,600. Gold is expensive vs. almost every other financial yardstick and appears overvalued by $200-$700 an ounce vs. our three regression models, yet it's likely to remain a lead indicator.
- Adobe (ADBE) shares are down in premarket trading on Friday, after the maker of software for creative-arts professionals reported second-quarter results that beat expectations. While it also raised its full-year forecast for some metrics, it affirmed its full-year growth forecast for annualized recurring revenue for its digital media business. Analysts said the results won’t quiet concerns over Adobe’s AI business or the impact of competition from other AI services.
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Oil and Defense Stocks Move; Newmont Jumps; US Steel Concerns
On this episode of Stock Movers:
- Raytheon (RTX) is higher this morning along with other defense stocks on the S&P as geopolitical tensions rise over Israel's strikes on Iran. It launched airstrikes against Iran’s nuclear program and ballistic-missile sites renewed a standoff between two adversaries that risks spiraling into a wider conflict. While the reaction was strongest in crude oil, other pockets of the market suggested that investors are watching how long the tensions will last and whether the situation escalates.
- Chevron (CVX) shares are higher this morning as Israel strikes Iran. Oil prices surged double digits after Israel carried out strikes against Iran, raising fears of a wider war in the region. The Strait of Hormuz, a critical oil chokepoint, is a key concern, with the potential for Tehran to retaliate and block the strait, and OPEC+ spare capacity potentially being challenged in such a scenario.
- Newmont Corp. (NEM) shares are higher this morning as gold's risk premium is lifted by Israel's attack on Iran. According to Bloomberg Intelligence, Israel's attack on Iran could trigger a further jump in gold's risk premium above fair value of $100-$150 an ounce, pushing the metal beyond $3,600. Gold is expensive vs. almost every other financial yardstick and appears overvalued by $200-$700 an ounce vs. our three regression models, yet it's likely to remain a lead indicator.
- US Steel (X) shares are lower in premarket trading after Nikkei reported that Nippon Steel’s planned takeover of the US company may not proceed if the Japanese company has insufficient freedom of management. Nippon Steel continues to seek condition that US steel becomes wholly owned, Nikkei reported citing an unidentified executive
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Rheinmetall Up, Energy Stocks Rise, Airlines Dip
On this episode of Stock Movers:
- Defense plays and shippers are gaining, as Israel Defense Forces said Iran launched more than 100 drones.
- European airlines are the worst performing European sector Friday after Israel mounted waves of airstrikes against Iran.
- Energy stocks are being lifted by a surge in oil prices following ongoing Middle-East tensions.
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Closing Bell: Oracle Hits Record, Boeing Slumps on Plane Crash, GameStop Pivots
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- Oracle (ORCL) shares soared to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing — renting out computing power and storage — by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power.
- Boeing (BA) as investors digested the news that of the Boeing plane that crashed in India. The Air India flight was bound for London, and the crash killed all but one of the 242 people on board the Boeing Dreamliner, making it the deadliest aviation accident in more than a decade. The airline confirmed that 241 of those on the London-bound flight had died. The sole survivor is being treated in a hospital, the carrier said. Officials earlier said that emergency responders had recovered more than 200 bodies at the crash site, though they didn’t immediately say how many were passengers, crew or area residents. They said the toll could rise as emergency workers comb through the wreckage.
- GameStop (GME) the largest standalone video-game retailer in the US, will focus on growing its trading card business, Chief Executive Officer Ryan Cohen said at the company’s annual shareholder meeting Thursday. The business of Pokémon and sports trading cards “is in line with our heritage,” Cohen said. “It fits our trade-in model, it appeals to our core customer base and it’s deeply embedded in physical retail.” GameStop investors have seen some dramatic share price swings since Cohen, the founder of online pet product retailer Chewy Inc., became chairman in 2021. The shares dropped more than 20% on Thursday after the company announced a $1.75 billion bond sale. The proceeds will be used for general corporate purposes, including investments and potential acquisitions, the company said.
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Oracle Stock Hits Record High, Boeing Slumps, GameStop Tumbles
On this edition of Stock Movers:
- Oracle (ORCL) shares soared to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing — renting out computing power and storage — by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power.
- Boeing (BA) shares slump after an Air India flight bound for London crashed Thursday, killing all but one of the 242 people on board the Boeing Co. Dreamliner in the deadliest aviation accident in more than a decade. The airline confirmed that 241 of those on the London-bound flight had died. The sole survivor is being treated in a hospital, the carrier said.
- GameStop (GME) shares tumble after the video game retailer announced plans for a $1.75 billion convertible notes offering to potentially fund its new bitcoin purchase strategy. The company also said they will focus on on growing its trading card business.
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GameStop Plummets, BioNTech to Buy CureVac, Oracle Soars
On this edition of Stock Movers:
- GameStop (GME) shares plummeted today. The company had two developments. First, GameStop is focused on growing its trading card business. That is according to CEO Ryan Cohen. The business of Pokémon and sports trading cards “is in line with our heritage,” Cohen said. “It fits our trade-in model, it appeals to our core customer base and it’s deeply embedded in physical retail.” The second development is GameStop plans to offer $1.75 billion worth of convertible bonds, which would make the video-game retailer one of the year’s biggest issuers of the equity-linked securities.
- BioNTech (BNTX) agreed to buy former Covid vaccine rival CureVac NV (CVAC) for about $1.25 billion in an all-stock transaction that will boost its growing oncology business. CureVac investors will get approximately $5.46 in BioNTech shares for each CureVac one, the companies said Thursday. The price represents a 34% premium to CureVac’s closing share price on Wednesday. CureVac shareholders will own between 4% and 6% of BioNTech once the deal closes. Shares of BioNTech are flat while CureVac shares surged.
- Oracle (ORCL) shares soared to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing — renting out computing power and storage — by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power.
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Boeing GameStop Fall, BioNTech Rise on CureVac Acquisition
On this episode of Stock Movers:
- Boeing (BA) shares drop after 787 Dreamliner aircraft operated by Air India crashed shortly after taking off in Ahmedabad, with 242 passengers and crew on board, and no reports of survivors.
- GameSTOP (GME) shares dip after Hardware and Accessories net sales from the video game retailer missed Wall Street’s expectations.
- BioNteck (OXM) shares rose after agreeing to buy CureVac in an all-stock transaction to boost their growing oncology business.
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Boeing Falls, Oracle Rises, Oxford Drops on Slashed Profit Forcast
On this episode of Stock Movers:
- Boeing (BA) shares drop after 787 Dreamliner aircraft operated by Air India crashed shortly after taking off in Ahmedabad, with 242 passengers and crew on board, and no reports of survivors.
- Oracle (ORCL) shares rose after projecting cloud infrastructure sales will jump more than 70% in the current fiscal year, boosting investor enthusiasm for the closely watched business.
- Oxford Industries (OXM) shares fell after the owner of the Tommy Bahama apparel brand slashed its profit forecast for the fiscal year
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Airline Stocks Post-Crash; GE Lower; Oracle AI Demand
On this episode of Stock Movers:
- Boeing (BA) shares are lower this morning as a Boeing 787 Dreamliner aircraft operated by Air India crashed shortly after taking off in Ahmedabad, with 242 passengers and crew on board, and no reports of survivors. The crash occurred in a residential area and is considered one of the worst accidents involving the 787 Dreamliner, with Indian Prime Minister Narendra Modi calling it "heartbreaking beyond words".
- General Electric (GE) shares are following Boeing lower on the plane crash in India. The Boeing plane that crashed was powered by two General Electric Co. GEnx engines. GE Aerospace said in a post on X that it is assembling an emergency response team to go to India to support the investigation.
- Oracle shares (ORCL) jumped today after the software company reported fourth-quarter results that beat expectations as demand for AI infrastructure remains strong. Analysts were especially positive on remaining performance obligations (RPO). The CEO said she sees “dramatically higher” revenue growth in fiscal 2026.
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Boeing Drops on Crash; Airbus, American, Alaska Airlines Fall
On this episode of Stock Movers:
- Boeing (BA) shares are lower this morning as a Boeing 787 Dreamliner aircraft operated by Air India crashed shortly after taking off in Ahmedabad, with 242 passengers and crew on board, and no reports of survivors. The crash occurred in a residential area and is considered one of the worst accidents involving the 787 Dreamliner, with Indian Prime Minister Narendra Modi calling it "heartbreaking beyond words".
- Airbus (AIR) shares are following Boeing lower on the plane crash in India. Boeing shares fell in premarket US trading, and the company is working to gather more information about the incident, which is the biggest commercial airline crash since 2014.
- American Airlines (AAL) is trading lower as well this morning following the crash. It tends to lead other American airliners lower, including Delta (DAL) and United (UAL) this morning.
- Alaska Airlines (ALK) are higher this morning as one of the few American airlines that are trending higher despite the crash. Alaska Airlines has less exposure to international flights than other American airliners.
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Besi Soars, TUI Down, Tesco Up
On this episode of Stock Movers:
- BE Semiconductor shares soar as much as 11% to the highest levels since January, after the chip equipment maker raised its long-term revenue and margin outlook ahead of its investor day.
- Airline stocks are among the worst performers in Europe, after US peers suffered sharp drops on Wednesday when data showed airfares slippping for the fourth straight month. Airlines also face the prospect of higher jet fuel costs, with crude prices up 3.6% on a two-day basis.
- Tesco Plc’s sales increased more than expected as the supermarket chain sold more premium and own-brand products.
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Oracle Projects Strong Growth, Lockheed Drops, Starbucks Potential China Stake
On this edition of Stock Movers:
- Oracle (ORCL) shares are up after the company projected cloud infrastructure sales will jump more than 70% in the fiscal year that began this month, boosting investor enthusiasm for the closely watched business. Oracle, long known for its database software, has been gaining in its effort to become a major player in the business of renting out computing power and storage by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture — dubbed Stargate — to provide OpenAI with massive sums of computing power. It has also inked customers for the cloud business, including Elon Musk’s xAI and Meta Platforms Inc. Fiscal fourth-quarter total cloud sales increased 27% to $6.7 billion, in line with estimates. Cloud infrastructure revenue increased 52% to $3 billion, the company said Wednesday in a statement.
- Lockheed Martin (LMT) shares are down after the Air Force has cut in half its request to Congress for its signature F-35s, dealing a blow to Lockheed Martin Corp., the top US defense contractor. A Defense Department procurement request document sent to Capitol Hill this week asked for 24 of the planes, down from 48 that was forecast last year. The proposed cut is significant because the Air Force is the largest customer for the world’s biggest weapons program. The scaling back of the F-35 request may reflect one way the service is revising its funding for fiscal 2026 to comply with Defense Secretary Pete Hegseth’s plan to shift projected US military spending by 8% over the next five years.
- Starbucks (SBUX) shares are up after CEO Brian Niccol told the Financial Times earlier about the coffee chain's possible sale of a stake in its China business has drawn “a lot of interest,” The company is searching for a partner interested in expanding the chain from around 8,000 to 20,000 stores in China. Starbucks in no rush to close a deal and aims to have a “meaningful stake” in the operation
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Closing Bell: Netflix Soars, Lockheed Martin Sinks, Vera Bradley Lower
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, David Gura and Norah Mulinda.
- Netflix (NFLX) shares soared today as investors like what CEO Greg Peters had to say at a conference in London. Speaking at the event, the streamer's leader said he was optimistic about Netflix's growth prospects despite President Donald Trump's threats to impose tariffs on the film industry.
- Lockheed Martin (LMT) shares fell as much as 7% on the news that the Air Force is cutting in half its request to Congress for F-35s. A Defense Department procurement request document sent to Capitol Hill this week asked for 24 of the planes, down from 48 that was forecast last year. The proposed cut is significant because the Air Force is the largest customer for the world’s biggest weapons program. The scaling back of the F-35 request may reflect one way the service is revising its funding for fiscal 2026 to comply with Defense Secretary Pete Hegseth’s plan to shift projected US military spending by 8% over the next five years.
- Vera Bradley (VRA) shares fell as much as 24%, a record drop, after the retailer suspends guidance and announced the departure of its CEO. The pulled guidance reflects executive and board leadership changes and “significant uncertainty surrounding the consumer environment,” the company said.
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Tesla Rises, Lockheed Martin Drops, First Solar Gains After Jeffries Upgrade
On this episode of Stock Movers:
- Tesla (TSLA) shares rise after Tesla CEO Elon Musk said he regretted some of his posts about President Donald Trump last week. The two traded barbs on social media last week after Musk criticized the Republicans' tax bill.
- Lockheed Martin (LMT) shares drop after the Air Force cut its request for signature F-35s in half. That's down to 24 planes from 48 forecasted last year. The Air Force is the largest customer for Lockheed, which is the top US defense contractor.
- First Solar (FSLR) shares rise after Jefferies raised its recommendation on the solar technology company to buy from hold on speculation that Congress may support parts of the Inflation Reduction Act. Bloomberg Intelligence analysts note that the Senate will probably moderate some of the House's provisions related to the Inflation Reduction Act, and they see an 80% chance that a deal gets done by the August recess.
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Tesla Upswing; Lockheed Martin F-35 Pentagon Cut; GameStop Slips
On this episode of Stock Movers:
- Tesla (TESLA) shares rebounding as owner Elon Musk expressed regret on social media for his recent posts about President Donald Trump, saying they "went too far". The public feud between Musk and Trump was triggered by Musk's opposition to Trump's tax-cut bill, which posed a threat to Musk's wealth and caused Tesla's stock price to tumble. Meanwhile, the president told the New York Post this morning "I guess I could" in response to the possibility of mending relations with Musk.
- Lockheed Martin (LMT) shares are lower as the Air Force has reduced its request to Congress for F-35s from 48 to 24, a significant cut that may reflect the Defense Secretary's plan to reduce US military spending by 8% over the next five years. The F-35 program has faced criticism, including from Elon Musk and right-wing influencer Laura Loomer, who have questioned the need for manned fighter jets in an age of drones, with the program now valued at roughly $2 trillion.
- GameStop (GME) shares dipped in US premarket trading after Hardware and Accessories net sales from the video game retailer missed Wall Street’s expectations. Analysts say GameStop reported decent upside on 1Q earnings per share, as solid performance on margins and costs more than offset sluggish top-line trends.
- Chewy (CHWY) fell this morning after the pet food company’s gross margin and free cash flow fell short of expectations, as did its reiterated annual sales target.
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Tesla Rebound; Lockheed Martin Sales Concern; GM Production Shift
On this episode of Stock Movers:
- Tesla (TESLA) shares rebounding as owner Elon Musk expressed regret on social media for his recent posts about President Donald Trump, saying they "went too far". The public feud between Musk and Trump was triggered by Musk's opposition to Trump's tax-cut bill, which posed a threat to Musk's wealth and caused Tesla's stock price to tumble. Meanwhile, the president told the New York Post this morning "I guess I could" in response to the possibility of mending relations with Musk.
- Lockheed Martin (LMT) shares are lower as the Air Force has reduced its request to Congress for F-35s from 48 to 24, a significant cut that may reflect the Defense Secretary's plan to reduce US military spending by 8% over the next five years. The F-35 program has faced criticism, including from Elon Musk and right-wing influencer Laura Loomer, who have questioned the need for manned fighter jets in an age of drones, with the program now valued at roughly $2 trillion.
- General Motors (GM) shares are higher as it plans to invest $4 billion in its US plants over the next two years to boost output of top-selling gas-powered vehicles. The move will expand finished vehicle manufacturing at factories in Michigan, Kansas, and Tennessee, and shift production of models like the Chevrolet Silverado and GMC Sierra pickup trucks from Mexico to the US. The investments will allow GM to produce over 2 million vehicles in the US each year, reduce its reliance on Mexican factories, and add between 3,000 and 4,000 US jobs.
- Quantum Computing stocks are rising after Nvidia’s Jensen Huang said quantum computing is reaching an inflection point. The comments came only months after Huang had noted that “very useful” quantum computers are likely decades away. Among movers upward are D-Wave Quantum (QBTS), IonQ (IONQ), and Rigetti Computing (RGTI).
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Inditex Tumbles, UK Home Builders Higher, Demant Gains
Inditex Tumbles, UK Home Builders Higher, Demant Gains
On this episode of Stock Movers:
- Zara-owner Inditex SA reported a muted start to the second quarter and warned that foreign-exchange headwinds could have a greater impact on results this year than anticipated. Shares tumbled.
- Homebuilders more broadly are being bathed in a more positive sentiment thanks to UK government plans to spend more on affordable homes. Chancellor Rachel Reeves is today expected to detail plans to direct £39 billion of public money over 10 years to an affordable homes plan.
- Demant shares rise as much as 4%, to the highest since Jan. 31, after the Danish company agreed to acquire hearing-aid retailer KIND Group for €700m, or around DKK5.2b, on a cash and debt-free basis. Analysts say the deal is a good fit.
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JM Smucker Earnings, McDonald's Downgrade, Steel Shares Drop
On this edition of Stock Movers:
- JM Smucker (SJM) shares declined the most in nearly four decades after saying US tariffs increasing costs in its coffee business will hurt profit, continuing a challenging run for the biggest US packaged food producers. The company, which owns the Folgers and Cafe Bustelo coffee brands, said adjusted earnings this fiscal year will be as much as $9.50 a share. The impact of higher coffee costs and US levies reduced that forecast by roughly $1 a share, Smucker said.
- McDonald's (MCD) shares slipped on Tuesday after Redburn Atlantic gave the burger chain its sole sell rating, saying shifting consumer patterns due to weight-loss drugs and inflation are cause for concern. Shares of McDonald’s fell as much as 1.8% to a March low on the downgrade, a two-notch cut from Redburn’s previous buy rating. Redburn held a buy rating on the stock since initiating coverage in 2023. As more Americans turn to GLP-1 drugs like Ozempic to lose weight, McDonald’s could see as much as a $428 million annual impact to revenue, representing about 1% of system sales, Redburn Atlantic analysts Chris Luyckx and Edward Lewis wrote. “A 1% drag today could easily build to 10% or more over time, particularly for brands skewed toward lower-income consumers or group occasions.”
- Steel shares such as Nucor (NUE) and Cleveland-Cliffs (CLF) dropped after Bloomberg News reported that US and Mexico are closing in on a deal that would remove President Donald Trump’s 50% tariffs on steel imports up to a certain volume, according to people familiar with the matter, a revamp of a similar deal between the trade partners during his first term. Trump hasn’t been directly involved in the negotiations and would need to sign off on any deal. The talks are being led by Commerce Secretary Howard Lutnick, according to the people, who asked not to be identified as the discussions are private. The people said the agreement hasn’t been finalized. Under its current terms, it would allow US buyers to import Mexican steel duty-free as long as they kept total shipments below a level based on historical trade volumes, according to the people. The new cap would be higher than what was allowed under a similar deal during Trump’s first term, they said, which was never a fixed figure but designed to “prevent surges.”
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Smucker Falls Most in Decades, McDonald's Slumps, Circle Declines
On this edition of Stock Movers:
- JM Smucker (SJM) declined the most in nearly four decades after saying US tariffs increasing costs in its coffee business will hurt profit, continuing a challenging run for the biggest US packaged food producers. The company, which owns the Folgers and Cafe Bustelo coffee brands, said adjusted earnings this fiscal year will be as much as $9.50 a share. The impact of higher coffee costs and US levies reduced that forecast by roughly $1 a share, Smucker said. Shares sank as much as 14% on Tuesday in New York, the biggest intraday drop in data compiled by Bloomberg that extends back to 1988. The company generated about a third of its revenue from coffee last fiscal year. It raised prices for the beverage in May. And it expects to boost them again in August. Overall, prices will be up about 20% this year, Smucker said.
- McDonald's (MCD) shares slipped on Tuesday after Redburn Atlantic gave the burger chain its sole sell rating, saying shifting consumer patterns due to weight-loss drugs and inflation are cause for concern. Shares of McDonald’s fell as much as 1.7% in Tuesday trading on the downgrade, a two-notch cut from Redburn’s previous buy rating. Redburn held a buy rating on the stock since initiating coverage in 2023. As more Americans turn to GLP-1 drugs like Ozempic to lose weight, McDonald’s could see as much as a $428 million annual impact to revenue, representing about 1% of system sales, Redburn Atlantic analysts Chris Luyckx and Edward Lewis wrote. “A 1% drag today could easily build to 10% or more over time, particularly for brands skewed toward lower-income consumers or group occasions.”
- Circle (CRCL) shares fell for the first time since the stablecoin firm launched its IPO. Shares initially soared after the company debuted in trading last week, at one point sending the stock 247% above the IPO price.
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Paramount Global Higher, Apple Rises, Meta Gains on News of ‘Superintelligence’ Team
On this episode of Stock Movers:
- Paramount (PARA) shares are up after the company said it plans to cut several hundred employees on Tuesday due to a continuing decline in the cable-TV industry and the broader economic landscape. The move will affect about 3.5% of the media company’s US workforce, according to an internal memo sent to staff reviewed by Bloomberg.
- Apple (AAPL) shares rise after the company unveiled a new software redesign called Liquid Glass, which aims to make its device lineup more cohesive and useful, with a transparent menu and glassy look. The company also announced updates to its operating systems, including iOS 26, watchOS 26, and visionOS 26, which will provide a more uniform experience across devices.
- Meta (META) shares gain after news that Mark Zuckerberg is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who've met with him at his homes in Lake Tahoe and Palo Alto.
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JM Smucker Falls, McDonalds Drops, Novo Nordisk Gains After Report of Parvus Stake
On this episode of Stock Movers:
- JM Smucker (SJM) shares fall after the company said it expects adjusted earnings of up to $9.50 a share, reduced by $1 a share due to higher coffee costs and US tariffs. The company raised coffee prices in May and plans to do so again in August, which is expected to hurt demand this year.
-McDonalds (MCD) shares drop after Redburn Atlantic downgraded the company to a sell rating, citing concerns over shifting consumer patterns due to weight-loss drugs and inflation. The analyst estimates that the use of GLP-1 drugs like Ozempic could impact McDonald's revenue by $428 million annually, and potentially up to 10% or more over time.
-Novo Nordisk (NOVOB) shares rise after a report that Parvus Asset Management has built a stake in the company. Parvus is interested in influencing the appointment of a new CEO, as Novo Nordisk is set to replace its current CEO Lars Fruergaard Jorgensen.
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TSMC Jumps; Meta AI Strategy; McDonald's Downgrade
On this episode of Stock Movers:
- Taiwan Semiconductor Manufacturing Co. (TSMC) shares are higher this morning as the main chipmaker for Nvidia Corp. and Apple Inc., reported a 40% jump in May revenue after companies stockpiled chips in response to mounting trade uncertainty. The company's CEO last week reaffirmed the company’s guidance for sales to grow in the mid-20% range in US dollar terms in 2025. AI chip demand still outstrips supply, he told shareholders.
- Meta (META) shares are moving on news that CEO Mark Zuckerberg is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who've met with him at his homes in Lake Tahoe and Palo Alto. Zuckerberg aims to hire around 50 people for the new team, including a new head of AI research, and has rearranged desks at Meta's Menlo Park headquarters so the new staff will sit near him. Zuckerberg is building the team in tandem with a planned multi-billion dollar investment in Scale AI, which offers data services to help companies train their models and builds custom AI applications for businesses and governments.
- McDonald's (MCD) is lower on a downgrade this morning after Redburn downgrades the restaurant chain to sell from buy, saying weight-loss drugs are suppressing consumer appetites and presenting an under-appreciated longer-term threat. Redburn becomes the only broker that rates McDonald’s as sell among the 41 Wall Street analysts tracked by Bloomberg,.
- Uber (UBER) shares are climbing this morning as the ride sharing app and Wayve plan to run their first trial of fully autonomous vehicles in London, paving the way for commercial robotaxi services in the UK and beyond. The companies will collaborate with the UK government and Transport for London on the permitting and regulatory approval process prior to the launch of Level 4 fully autonomous vehicles. The UK will be the first market to host a pilot under the partnership Uber and Wayve struck last August, with the trial expected to begin in the spring of 2026.
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Diaego Gains, UBS Sinks, Novo Nordisk Activist Investor
On this episode of Stock Movers:
- Diageo is considering options for its ownership of the Indian Premier League cricket franchise Royal Challengers Bengaluru, according to people familiar with the matter.
- UBS shares drop as much as 7.4%, the most in two months and erasing all of Friday’s gains that followed the Swiss government proposing new rules that could see the bank hold up to $26 billion in fresh capital. Vontobel analysts say it will impact the bank’s competitiveness.
- Activist hedge fund Parvus Asset Management is building a stake in Ozempic-maker Novo Nordisk, the Financial Times reports, citing unidentified people with knowledge of the details.
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Robinhood Stumbles, Qualcomm Rises, Goodyear Tire Bounces
- Robinhood Markets (HOOD) shares slipped after traders came to learn that the financial services platform was not being added to the S&P 500. Last week, traders were speculating Robinhood would be added to the index as part of the index’s quarterly rebalancing but shares duly slumped as much as 8.4% intraday before closing 2% lower on Monday, giving back some of their recent rally.
- Qualcomm (QCOM) rose Monday on the news that the semiconductor maker had agreed to buy London-listed semiconductor company Alphawave IP Group Plc for about $2.4 billion in cash to expand its technology for artificial intelligence. The deal, which is still subject to regulatory and shareholder approval, is expected to close in the first quarter of 2026.
- Goodyear Tire (GT) shares jumped nearly 11% on Monday, after BNP Paribas Exane upgraded the tire seller to outperform from neutral, calling the company “a true tariffs winner” whose industry-low tariff exposure will drive “meaningful” earnings upside. Analyst James Picariello estimates Goodyear's tariff advantage drives an estimated 10.5 point relative cost advantage for the company.
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Closing Bell: Warner Bros Splits Up, Qualcomm Rises, Apple Slides
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- Warner Bros. Discovery (WBD) initially saw its shares rise on the word it's splitting itself in half, unshackling its fast-growing streaming business from the struggling legacy media channels and setting up two independent companies that could pursue deals on their own. The new Global Networks business will include entertainment, sports and dozens of cable television brands such as CNN, TNT and TBS and will be headed by Chief Financial Officer Gunnar Wiedenfels. It will hold a 20% stake in the other Streaming and Studios business, headed by Chief Executive Officer David Zaslav, and use proceeds from that entity as a way to cut debt, the company said in a statement on Monday. The move unwinds much of the 2022 merger that combined AT&T’s WarnerMedia, which houses iconic film studios and TV franchises, and Discovery Inc., home to nonfiction documentaries and reality TV. The deal created a company weighed down with debt at a time when cable TV, its largest business, was hemorrhaging viewers and advertising dollars.
- Qualcomm (QCOM) shares rose after it agreed to buy London-listed semiconductor company Alphawave IP Group Plc for about $2.4 billion in cash to expand its technology for artificial intelligence. The offer equates to about 183 pence per share for Alphawave, the companies said in a statement on Monday. That’s a 96% premium to the company’s share price on March 31, the last trading day before Alphawave and Qualcomm disclosed the talks. The deal, which is still subject to regulatory and shareholder approval, is expected to close in the first quarter of 2026. Qualcomm Chief Executive Officer Cristiano Amon is looking to lessen the company’s reliance on the smartphone market, where growth has slowed, and push into new areas. Alphawave makes high-speed semiconductor and connectivity technology that can be used for data centers and AI applications, two growth areas in the chip industry that are being driven by demand for products like OpenAI’s ChatGPT.
- Apple (AAPL) shares fell after the keynote to the iPhone maker's Worldwide Developers Conference didn’t ease concerns about the company’s position with artificial intelligence. This was despite unveiling the most sweeping software redesign in its history, aiming to make the company’s device lineup more cohesive and useful, even while doing little to upgrade its struggling artificial intelligence platform. The new interface, called Liquid Glass, was introduced Monday at Apple’s annual Worldwide Developers Conference. The approach uses transparent menus and a glassy look, transforming the software on the company’s iPhone, iPad, Mac, TV platform, smartwatches and Vision Pro headset. The changes come as part of iOS 26, watchOS 26 and visionOS 26, which have been rebranded to mark the coming year rather than a version number. Apple also retooled its iPad software to make the device feel more like a Mac, something customers have long requested.
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Tesla Slides on Downgrades, Meta Rises, Warner Bros to Split
On this episode of Stock Movers:
- Tesla (TSLA) shares fell after the EV-maker was hit with a pair of downgrades on Monday, underscoring mounting concerns on Wall Street about the electric-vehicle maker’s outlook following last week’s clash between Chief Executive Elon Musk and President Donald Trump. Both Argus Research and Baird cut the stock to the equivalent of hold ratings, cementing Tesla’s reputation as the least-loved megacap stock among analysts. Shares fell 1.6% in premarket trading.
- Meta (META) rose on the news over the weekend that it is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter. The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time.
The terms of the deal are not finalized and could still change, according to the people, who asked not to be identified discussing private information. Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labeling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom. The startup was last valued at about $14 billion in 2024, in a funding round that included backing from Meta and Microsoft. Earlier this year, Bloomberg reported that Scale was in talks for a tender offer that would value it at $25 billion.
- Warner Bros. Discovery (WBD) shares slid after it announced it would be splitting itself in half, unshackling its fast-growing streaming business from the struggling legacy media channels and setting up two independent companies that could pursue deals on their own. The new Global Networks business will include entertainment, sports and dozens of cable television brands such as CNN, TNT and TBS and will be headed by Chief Financial Officer Gunnar Wiedenfels. It will hold a 20% stake in the other Streaming and Studios business, headed by Chief Executive Officer David Zaslav, and use proceeds from that entity as a way to cut debt, the company said in a statement on Monday. The move unwinds much of the 2022 merger that combined AT&T Inc.’s WarnerMedia, which houses iconic film studios and TV franchises, and Discovery Inc., home to nonfiction documentaries and reality TV. The deal created a company weighed down with debt at a time when cable TV, its largest business, was hemorrhaging viewers and advertising dollars.
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Aon Drops, Intuitive Surgical Falls, Synchrony Financial Rises on Walmart Credit Card Report
On this episode of Stock Movers:
- Aon (AON) shares drop ahead of its investor day. The company said management will reaffirm the firm’s 2025 guidance across all key financial metrics. Its 1Q earnings missed consensus on most key metrics including adjusted operating margin.
- Intuitive Surgical (ISRG) shares fall after Deutsche Bank cut the robotic-surgery company to sell from hold citing “significant” risks to its Instruments & Accessories business.
- Synchrony Financial (SYF) shares rise following a report that Walmart credit cards will once again be issued by the financial services firm. OnePay, a financial technology firm backed by Walmart, picked Synchrony to issue both a co-branded card that can be used outside Walmart as well as a private-label card that will be available just for purchases at the retailer.
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Warner Brothers Discovery Rises, Qualcomm Gains, Starbucks Up After China Price Cuts
On this episode of Stock Movers:
- Warner Brothers Discovery (WBD) shares rise after the company said it will split its streaming and studios business and its TV networks operations by the middle of next year. The streaming and studios company will include Warner Brothers Television, the Motion Picture Group, DC Studios, HBO, and HBO Max.
- Qualcomm (QCOM) shares rise after the company reached an agreement to buy Alphawave for $2.4 billion. The offer equates to about 183 pence per share for Alphawave -- a 96% premium to the company’s share price on March 31, the last trading day before Alphawave and Qualcomm disclosed the talks.
- Starbucks (SBUX) shares rise after the company announced price cuts for a slew of its tea-based beverages at its stores across China. It's the latest campaign to appeal to Chinese consumers for non-coffee offerings during summer.
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Warner Bros Split; Apple AI Risks; Tesla Lower
On this episode of Stock Movers:
- Warner Bros (WBD) is on the move this morning after announcing it will separate into two publicly traded businesses by the middle of next year, splitting its streaming and studios business and its TV networks operations. The streaming and studios company will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, and will be run by CEO David Zaslav.
- Apple (APPL) is up slightly this morning with the company's annual developer's conference, WWDC, may highlight the company's struggles with artificial intelligence, which could further weaken its shares. Apple's lack of progress in AI is seen as an existential risk, and its struggles in this area have been a significant headwind for the company, with shares down 19% this year.
- Tesla (TSLA) is continuing its slide as Baird downgraded the stock to neutral from outperform, noting that the recent share rally followed what was a fundamentally poor quarter for the EV maker. Analyst Ben Kallo attributes the recent rally partly to anticipation over the launch of a more affordable vehicle and a robotaxi service. Through Friday’s close, the shares are down about 27% this year.
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Tesla Downgrade; Robinhood & AppLovin Miss Index
On this episode of Stock Movers:
- Tesla (TSLA) is continuing its slide as Baird downgraded the stock to neutral from outperform, noting that the recent share rally followed what was a fundamentally poor quarter for the EV maker. Analyst Ben Kallo attributes the recent rally partly to anticipation over the launch of a more affordable vehicle and a robotaxi service. Through Friday’s close, the shares are down about 27% this year
- Robinhood (HOOD) is falling this morning after S&P Dow Jones Indices said there were no announced membership changes in the S&P 500 or the S&P 1500 indexes, according to an emailed statement. Robinhood fell in post market trading as it was thought it would be added to the index.
- AppLovin (APP) shares are following Robinhood lower this morning after both stocks fell Friday on news neither would be added to the S&P 500 index.
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WPP CEO To Retire, Alphawave Gains, Telefonica Consolidation Talks
On this episode of Stock Movers:
- WPP Chief Executive Officer Mark Read is set to retire at the end of the year, kicking off a search for a successor at one of the world’s largest advertising agency groups as it grapples with slowing sales.
- Qualcomm has agreed to buy London-listed semiconductor company Alphawave for about $2.4 billion in cash to expand its technology for artificial intelligence.
- Telefonica and Masorange have held informal talks on a potential deal for Vodafone Spain, people familiar with the matter said, a move that could lead to further consolidation in the country’s telecom market.
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Weekly Roundup: ON Semi Rises, Norwegian Cruise Up, Brown-Forman Plummets
On this edition of Stock Movers:
- ON Semi (ON) rallied Tuesday as members on its management team spoke at the Bank of America 2025 Global Technology Conference. At the conference, CEO Hassane El-Khoury discussed that non-AI chips - which ON focuses on - could be heading toward a rebound. It was the best performing stock in the S&P 500.
- Norwegian Cruise (NCLH) shares were among the best performing stocks of the week. Investors sent the stock higher as the company's booking trends seem to be improving.
- Brown-Forman (BF/B) shares plummeted the most since 2008 after it reported results that trailed expectations while projecting a sales decline for the current fiscal year. The owner of Jack Daniel's brand also sees organic net sales, which strip out items such as currency fluctuations, declining in a low-single digit range for the fiscal year that runs through April 2026. Brown-Forman is anticipating a challenging operating environment this year, “with low visibility due to macroeconomic and geopolitical volatility as we face headwinds from consumer uncertainty,” the company said in the earnings statement. The firm also cited potential impact from tariffs not yet in place.
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Lululemon Tumbles, Broadcom Falls, Circle Internet Group Rises After IPO
On this episode of Stock Movers:
- Lululemon (LULU) shares tumble after the company posted a second straight disappointing quarter, with projected sales and profit below analyst estimates, due to rising competition, new tariffs, and a shift away from yoga pants.
- Broadcom (AVGO) shares fall after the chipmaker gave a forecast that isn’t seen as strong enough to extend the stock’s recent strength. However, analysts note positive AI trends.
- Circle Internet Group (CRCL) shares rise after the company and its shareholders raised nearly $1.1 billion in an initial public offering that was upsized twice amid strong demand.
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Tesla after Trump-Musk Feud; Lululemon Dives; Broadcom Lower
On this episode of Stock Movers:
- Telsa (TSLA) shares are moving higher this morning as the possibility of easing tensions between owner Elon Musk and President Donald Trump takes shape. The dispute began over differences on the GOP tax legislation, with Musk opposing the bill and Trump accusing Musk of being motivated by self-interest. After Tesla shares tanked 14% and Musk's personal wealth dropped by $34 billion, Musk signaled a willingness to cool tensions with Trump, responding to a user's advice to "cool off and take a step back for a couple days" with "Good advice."
- Lululemon (LULU) share are plunging in premarket trading as the athletic wear maker is reducing its earnings per share outlook by about 2.5% for the full year. It also sees sales below analysts estimates. Lululemon is trying to manage supply chains affected by President Trump's trade wars, and its guidance assumes 30% tariffs on China and 10% on other countries, which could cause a "significant reduction" in profitability.
- Broadcom (AVGO) share are sinking this morning as the chip supplier to companies like Alphabet and Apple gave a lackluster revenue forecast for the current quarter. Analysts suggest that the Artificial Intelligence spending frenzy isn't as strong as some investors anticipated. Like Nvidia, the company is seen as a key beneficiary of a surge in AI spending.
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Tesla Early Rebound; Lulu Sinks on Guidance; Broadcom Pullback
On this episode of Stock Movers:
- Telsa (TSLA) shares are moving higher this morning as the possibility of easing tensions between owner Elon Musk and President Donald Trump takes shape. The dispute began over differences on the GOP tax legislation, with Musk opposing the bill and Trump accusing Musk of being motivated by self-interest. After Tesla shares tanked 14% and Musk's personal wealth dropped by $34 billion, Musk signaled a willingness to cool tensions with Trump, responding to a user's advice to "cool off and take a step back for a couple days" with "Good advice."
- Lululemon (LULU) share are plunging in premarket trading as the athletic wear maker is reducing its earnings per share outlook by about 2.5% for the full year. It also sees sales below analysts estimates. Lululemon is trying to manage supply chains affected by President Trump's trade wars, and its guidance assumes 30% tariffs on China and 10% on other countries, which could cause a "significant reduction" in profitability.
- Broadcom (AVGO) share are sinking this morning as the chip supplier to companies like Alphabet and Apple gave a lackluster revenue forecast for the current quarter. Analysts suggest that the Artificial Intelligence spending frenzy isn't as strong as some investors anticipated. Like Nvidia, the company is seen as a key beneficiary of a surge in AI spending.
- Circle (CRCL) shares are continuing their climb after the company's successful IPO, with shares surging 168% yesterday and closing at $83.23 in New York. Circle's market value is now $18.5 billion, with a fully diluted valuation of about $22.1 billion, as stablecoins are poised to be regulated by legislation and may lead to larger institutional adoption.
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Puma Falls, Filtronic's Space Connection, Broadcom Dips
On this episode of Stock Movers:
- Puma and Adidas fall as European athleisure stocks under-perform on Lululemon posting a second straight disappointing quarter, fueling concerns around the impact of rising competition and new tariffs.
- Filtronic, a components maker who produce modules for SpaceX's Starlink, has been caught in the Musk-Trump crossfire.
- Broadcom Inc., a chip supplier to companies like Alphabet and Apple, gave a lackluster revenue forecast for the current quarter, suggesting that the AI spending frenzy isn’t as strong as some investors anticipated.
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Tesla Tumbles on Trump-Musk Feud, Lululemon Plunges, Planet Labs Up
On this episode of Stock Movers:
- Tesla (TSLA) shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people.
Trump on Thursday said he was “very disappointed” by the Tesla chief executive officer’s criticism of the president’s signature tax policy bill. Musk fired back in several social media posts, saying in one that “without me, Trump would have lost the election.” The president later floated terminating federal contracts and subsidies extended to Musk’s companies and said that he had asked the Tesla and SpaceX leader to leave his administration, which Musk said was a “lie.” Musk went a step further late in the day, saying he would decommission a SpaceX craft used by the US.
- Lululemon (LULU) shares fell sharply after its latest earnings report highlighted the risk posed by new tariffs while exacerbating investor concerns about slowing growth.
The company sees sales in the range of $2.54 billion to $2.56 billion for its fiscal second quarter, below the average analyst estimate. For the full year, Lululemon reduced its earnings per share outlook by about 2.5%. The company and its retail peers are trying to manage supply chains that have been upended by US President Donald Trump’s trade wars. Apparel and footwear production hubs in Asia including China and Vietnam face elevated tariff rates as the White House negotiates new trade deals.
- Planet Labs (PL) shares skyrocketed as much as 55% - a record jump — after the company’s first-quarter revenue topped expectations. Citizens analyst said the satellite-data provider had a “stellar quarter” and the stock remains an opportunity for long-term capital appreciation.
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Chewy Falls, Dollar Tree Rises, Planet Labs Jumps After Positive Revenue
On this episode of Stock Movers:
-Chewy shares (CHWY) fall after Jefferies analyst Kaumil Gajrawala cut the recommendation on the online retailer of pet products to hold from buy, writing that valuation appears “primed” for a first-quarter beat and raise that’s unlikely to happen.
-Dollar Tree shares (DLTR) are up after JPMorgan upgraded the discount retailer to overweight from neutral.
-Planet Labs shares (PL) jump after first-quarter revenue beat estimates. Analysts at Citizens said the satellite data provider had a “stellar quarter” and the stock remains an opportunity for long-term capital appreciation.
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Dollar Tree Gains, Kimberly Clark Drops, Brown Forman Falls After Earnings Miss
On this episode of Stock Movers:
-Dollar Tree shares (DLTR) are up after JPMorgan upgraded the discount retailer to overweight from neutral.
- Kimberly-Clark, (KMB) shares are down after selling a majority stake in its global Kleenex and tissue businesses outside of North America.It's forming a JV with Brazilian pulp supplier Suzano in a deal valued at $3.4 billionSuzano is the world largest pulp supplier and it will have a 51% majority stake and holds the option to buy Kimberly-Clark’s ownership interest at specified times and conditions
-Brown Forman (TICKER BF/B) shares are down after Parent company of Jack Daniel's reported after the bell and 4Q EPS and sales missed estimates.
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Victoria's Secret Release; Broadcom Soars; Citi Cuts
On this episode of Stock Movers:
- Victoria's Secret (VSCO) shares moving this morning with the company set for a new date for their 1st quarter earnings release - next week June 11th. They had a big data breach in May. The information exposed in the incident included names, dates of birth, Social Security numbers, driver’s license numbers, state ID numbers, passport numbers, financial account information, digital signatures, medical information, health insurance information, biometric information, and mother’s maiden names.
- Broadcom (AVGO) shares are higher, making it the 7th-most valuable company in the S&P 500 with a market value of $1.23 trillion, and its Thursday earnings report is expected to sustain the momentum. Investors are expecting strong earnings growth, with a focus on the revenue forecast and whether Broadcom has added new big cloud-computing customers, and an impressive showing could lead to another leg higher in the stock price.
- Citi (C) is moving after cutting its technology employee workforce in China by about 3,500 as part of its global simplification efforts. Citigroup's wholly-owned local banking subsidiary Citibank (China) Co. will be unaffected, and the bank continues to invest in the unit to support corporate and institutional clients in the country.
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Planet Labs' Profit Beat, Five Below Gains, Tariffs Hit PVH
On this episode of Stock Movers:
- Planet Labs (LB) is higher this morning after reporting profit that beat expectations as Europe hikes defense spending in response to the United States pulling back from the continent. Earnings excluding some items were $1.2 million in its first quarter, according to a statement Wednesday, its second profitable quarter in a row and better than analysts’ average expectation of a $3 million loss.
- Five Below (FIVE) is gaining in premarket trading after the discount stores company reported first-quarter results that beat expectations and guided for net sales in the second quarter that are above estimates.
- PVH (PVH), the owner of Calvin Klein, is lower after cutting its full-year adjusted earnings per share guidance, and noted that the outlook reflects an estimated net negative impact in relation to tariffs placed on goods coming into the US. Negative impact from tariffs includes an “unmitigated impact of approximately $1.05 per share, and a partially offsetting impact of planned mitigation actions,” the company said in a statement.
- Tesla (TSLA) continues to decline this morning after vehicle shipments from its China factory fell for an eighth straight month, as reported yesterday. Also weighing on the stock is the back and forth between owner Elon Musk and President Trump over the Congressional tax bill.
- Land's End Inc. (LE) stock is on the rise this morning after affirming its 2025 adjusted EPS guidance from $0.48-$0.86 to $0.48-$0.86 as well as its 2025 year end outlook.
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Wiz Air Plunges, Wise's US Listing, Bayer Gains
On this episode of Stock Movers:
- Wizz Air plunged 26% in early trading after the discount airline reported earnings that missed estimates and refrained from providing a guidance, citing poor visibility.
- Wise is planning to list its shares in the US, the latest blow to London’s stock market.
- Bayer shares rise as much as 5.1% after Goldman Sachs upgrades the German chemicals and pharmaceutical company to buy from neutral, saying it sees earnings as having bottomed out and thinks risks around litigation and pharma data are overdone.
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Dollar Tree's Weak Outlook, ON Semi Rises, CrowdStrike Drops
On this edition of Stock Movers:
- Dollar Tree (DLTR) shares dropped as the company warns that its second-quarter profit may be down 50% from a year ago due to tariff-related costs, including 145% levies on some products from China. The retailer said the timing of expenses will weigh on adjusted earnings per share, including paying 145% levies on some products from China. The chain then expects profit to “re-accelerate” in the remainder of the year.
- ON Semiconductor (ON) shares jumped after the chip maker's CEO Hassane El-Khoury stressed that things would only improve following a mixed first-quarter print.
- CrowdStrike (CRWD) shares fell after US officials have asked for information related to the accounting of deals it’s made with some customers and said the cybersecurity firm is cooperating with the inquiry. The Austin, Texas-based company said in a filing Wednesday that it has gotten “requests for information” from the US Department of Justice and the Securities and Exchange Commission “relating to the company’s recognition of revenue and reporting of ARR for transactions with certain customers.” ARR refers to annual recurring revenue, a measure of earnings from subscriptions.
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Closing Bell: Netflix Rises, Meta Powers On, CrowdStrike Drops
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, David Gura and Emily Graffeo.
- Netflix (NFLX) shares rose after UBS raises its prices target on the streaming-video company to among the highest on Wall Street. UBS analyst John Hodulik says, "“Secular trends and competitive dynamics remain supportive of Netflix’s ability to drive stronger monetization and operating leverage."
- Meta (META) shares are still riding high after it reached its big deal to buy nuclear power from Constellation Energy. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to buy 1,121 megawatts from the Clinton plant starting in mid-2027, when a state subsidy expires, according to a statement Tuesday. Constellation, the biggest US nuclear operator, and Meta didn’t provide financial details. Under the deal, Constellation will invest in boosting Clinton’s output. The company is also considering plans to build another reactor at Clinton, which already has federal approval for a second unit. The Meta deal marks a significant turnaround for the Clinton plant, which has enough to power about 1 million homes. Then-owner Exelon Corp. had threatened to close the site in 2017 as nuclear operators around the US struggled to compete with cheap natural gas and renewables. The company changed course after Illinois approved a 10-year subsidy.
- CrowdStrike (CRWD) shares fell after the cybersecurity company projected revenue for the current period that trailed estimates, in its first financial update since announcing it would cut about 5% of its global workforce. Sales for the second quarter will be as much as $1.15 billion, the Austin-based company said in a statement Tuesday, missing the average analyst estimate of $1.16 billion. In May, CrowdStrike announced that it would cut about 500 employees as it works toward a goal of generating $10 billion in annual recurring revenue. Its shares dropped at the time as Wall Street questioned whether the company’s move came from a place of weakness or strength. The firm said in a corporate filing at the time that it expected $36 million to $53 million in charges from the job cuts, with most of that coming from paying severance, employee benefits and related costs.
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K Wave Media Rises, Dollar Tree Warning, CrowdStrike Drops
On this edition of Stock Movers:
- K Wave Media (KWM) shares more than tripled after the company said it would sell $500 million of shares to buy and stash bitcoin on its balance sheet.
- Dollar Tree (DLTR) shares are down as the company warned investors that its second-quarter profit could be down as much as 50% from a year ago as it deals with tariff-related costs. The retailer said the timing of expenses will weigh on adjusted earnings per share, including paying 145% levies on some products from China. The chain then expects profit to “re-accelerate” in the remainder of the year.
- CrowdStrike (CRWD) shares fell after the cybersecurity company projected revenue for the current period that trailed estimates, in its first financial update since announcing it would cut about 5% of its global workforce. Sales for the second quarter will be as much as $1.15 billion, the Austin-based company said in a statement Tuesday, missing the average analyst estimate of $1.16 billion.
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CrowdStrike Falls, Wells Fargo Rises, HPE Gains on Strong Revenue
On this episode of Stock Movers:
- CrowdStrike shares (CRWD) fall after the cybersecurity company posted disappointing first-quarter subscription revenue due to an impact from programs related to its post-outage Customer Commitment Package (CCP). Its second-quarter sales forecast also underwhelmed, while an unchanged view on full-year revenue was seen as negative by some analysts. Evecore ISI and Canaccord downgraded the stock.
- Wells Fargo shares (WFC) rise after CEO Charlie Scharf cleared the Federal Reserve's seven-year-old cap on assets, allowing the bank to grow and compete with larger rivals. Scharf, who has spent years cleaning up Wells Fargo's scandals, plans to focus on growth areas such as trading operations, investment banking, credit cards, and wealth management.
- Hewlett Packard Enterprise (HPE) shares gain after the company reported quarterly revenue of $7.63 billion, topping estimates, and expects a reduced impact from tariffs on its business this year.
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CrowdStrike Drops, Dollar Tree Falls, Snowflake Rises After UBS Upgrade
On this episode of Stock Movers:
- CrowdStrike shares (CRWD) fall after the cybersecurity company posted disappointing first-quarter subscription revenue due to an impact from programs related to its post-outage Customer Commitment Package (CCP). Its second-quarter sales forecast also underwhelmed, while an unchanged view on full-year revenue was seen as negative by some analysts. Evecore ISI and Canaccord downgraded the stock.
- Dollar Tree shares (DLTR) fall after warning investors that its second quarter profit could be down as much as 50% from a year ago as it deals with tariff-related costs. The retailer expects profit to "re-accelerate" in the remainder of the year, and is selling its Family Dollar division for about $1 billion to focus on its stronger Dollar Tree chain.
- Snowflake (SNOW) shares rise after UBS raised it to buy from neutral saying the company is early in a multi-year data investment cycle.
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Apple Cut by Needham; Tesla Dips on Shipments; Wells Fargo Asset Cap Lifted
On this episode of Stock Movers:
- Apple (APPL) shares fell in premarket trading after Needham & Co cut its recommendation on the iPhone maker to hold from buy. Analyst Laura Martin downgraded the stock on near-term threats to revenue and EPS growth. "For this stock to work, it must have the catalyst of an iPhone replacement cycle, which we do not foresee in the next 12 months,” Martin wrote.
- Tesla (TSLA) is also lower this morning as vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as Chief Executive Officer Elon Musk pledges to renew his focus on the automaker. The EV maker shipped 61,662 Model 3 sedans and Model Y sport utility vehicles from its Shanghai plant in May, down 15% from the same time last year, according to preliminary data from China’s Passenger Car Association. The group didn’t provide a breakdown of domestic sales and exports.
- Wells Fargo (WSC) shares are higher this morning as the bank was released from a Federal Reserve asset cap that has restricted its size for over seven years. The Fed said Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The removal of the cap marks a major win for CEO Charlie Scharf and allows the bank to pursue growth again, with plans to increase returns and growth in a deliberate manner.
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Chart Industries Combination; Dollar Tree Results; Wells Fargo Asset Cap Lifted
On this episode of Stock Movers:
- Chart Industries (GLTS) was higher then erased gains this morning after WSJ reported it is expected to combine with Flowserve in a deal that sources say can be announced today. Shareholders of Chart Industries would receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned, according to the Journal.
- Dollar Tree (DLTR) is lower this morning after reporting its first quarter results. Despite reporting solid earnings, investors are concerned about second quarter guidance from the discount retailer. The move comes despite the company saying it expects to mitigate the impact of higher tariffs.
- Wells Fargo (WSC) shares are higher this morning as the bank was released from a Federal Reserve asset cap that has restricted its size for over seven years. The Fed said Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The removal of the cap marks a major win for CEO Charlie Scharf and allows the bank to pursue growth again, with plans to increase returns and growth in a deliberate manner.
- Crowdstrike (CRWD) shares are in decline this morning after the company projected revenue for the current quarter that trailed estimates, with sales expected to be as much as $1.15 billion. The company is facing investigations by US prosecutors and regulators over a $32 million deal with Carahsoft Technology Corp., and is working to generate $10 billion in annual recurring revenue after cutting about 500 employees in May.
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Remy Cointreau Dips, Airbus Up, Infineon Gains
On this episode of Stock Movers:
- Remy Cointreau withdrew its long-term sales guidance, blaming tariff policies in America and China and a stunted recovery in the US market.
- China is considering placing an order for hundreds of Airbus aircraft as soon as next month, when European leaders visit Beijing to celebrate the countries’ long-term ties, according to people familiar with the matter.
- Shares of European chipmakers rally on Wednesday after US peer ON Semiconductor said it started to see signs of a broad-based recovery in demand.
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Bumble Falls Due to Downgrade, Dollar General Jumps, Pinterest Upgraded
On this edition of Stock Movers:
- Bumble (BMBL) shares fell after JPMorgan downgraded it to underweight from neutral. Analyst Cory Carpenter says shares have rallied over 50% since President Donald Trump’s “Liberation Day” tariff announcements — now above price target.
- Dollar General (DG) shares surged after increasing its annual guidance, helped by luring more higher-income shoppers looking for deals. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.
- Pinterest (PINS) shares rose after JPMorgan raised its rating to overweight from neutral. A diversification of its advertising platform to provide full-funnel capabilities is supporting further revenue upside at the social media firm, says JPMorgan analyst Doug Anmuth. Pinterest is also driving solid user growth, with 85% of its monthly active users coming directly to the mobile app and over 90% of the firm revenue is generated from the app according to analysts.
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Closing Bell: Wells Fargo Surges, Broadcom Higher, Dollar General Jumps
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
- Wells Fargo (WFC) finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, unleashing the firm from the unprecedented punishment in a major win for Chief Executive Officer Charlie Scharf. The bank’s shares surged. The Fed said in a statement Tuesday that Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The central bank completed its review of Wells Fargo’s remediation efforts and third-party assessments, as well as its own assessment of the bank’s corporate governance and risk management programs, it said.
- Broadcom (AVGO) began shipping a new version of its data center switch chips that can boost the efficiency of AI accelerators, aiming to take a bigger role in the booming market for artificial intelligence computing. Shares rose on the news. The company started delivering the Tomahawk 6 switch chips to customers over the weekend, and the product will be broadly available in July, said Ram Velaga, senior vice president and general manager of Broadcom’s Core Switching Group. Switches, a central piece of networking equipment, allow computers to communicate with one another. A single new Tomahawk 6 can do the work of six of the previous versions, Broadcom said.
- Dollar General (DG) surged after increasing its annual guidance, helped by luring more higher-income shoppers looking for deals. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.
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Dollar General Jumps, Constellation Higher on Meta Deal, Broadcom Rises
On this edition of Stock Movers:
- Dollar General (DG) surged after increasing its annual guidance following a first quarter that topped projections. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share. “We are pleased with our start to the year,” Chief Executive Officer Todd Vasos said in the earnings release. The company said it’s seeing more higher-income shoppers make purchases, a sign that even wealthy consumers are looking for deals amid weakening sentiment.
- Constellation Energy (CEG) shares are up after it agreed to sell power from an Illinois nuclear plant to Meta Platforms Inc. as artificial intelligence sends power demand soaring. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to buy 1,121 megawatts from the Clinton plant starting in mid-2027, when a state subsidy expires, according to a statement Tuesday. Constellation, the biggest US nuclear operator, and Meta didn’t provide financial details.Under the deal, Constellation will invest in boosting Clinton’s output. The company is also considering plans to build another reactor at Clinton, which already has federal approval for a second unit.
- Broadcom (AVGO) shares are rallying ahead of earnings this week and after it began shipping a new version of its data center switch chips that can boost the efficiency of AI accelerators, aiming to take a bigger role in the booming market for artificial intelligence computing. The company started delivering the Tomahawk 6 switch chips to customers over the weekend, and the product will be broadly available in July, said Ram Velaga, senior vice president and general manager of Broadcom’s Core Switching Group. Switches, a central piece of networking equipment, allow computers to communicate with one another. A single new Tomahawk 6 can do the work of six of the previous versions, Broadcom said.
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Dollar General Rises, Constellation Energy Gains, Lululemon Up After Piper Sandler Raises Price Target
On this episode of Stock Movers:
- Dollar General shares (DG) rise after the retailer reported first-quarter profit and sales that topped expectations, and management boosted its comparable sales forecast for the full year, as well as the low end of its EPS target. Despite low-income shoppers feeling squeezed by inflation, Dollar General's sales have continued to increase, and its value-priced offerings may attract more customers during economic downturns.
- Constellation Energy shares (CEG) rise after the company agreed to sell power from an Illinois nuclear plant to Meta Platforms Inc. in a 20-year contract starting in mid-2027. Under the deal, Constellation will invest in boosting the Clinton plant's output, and is also considering plans to build another reactor at the site.
- Lululemon (LULU) shares rise after Piper Sandler raised the target on Lululemon Athletica Inc. to $315 from $280. Maintains neutral rating.
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Bumble Falls, Dollar General Rises, Pinterest Gains After Rating Upgrade
On this episode of Stock Movers:
- Bumble shares (BMBL) fell on Tuesday after JPMorgan downgrades to underweight from neutral. Analyst Cory Carpenter says shares have rallied over 50% since President Donald Trump’s “Liberation Day” tariff announcements.
- Dollar General shares (DG) rise after the retailer reported first-quarter profit and sales that topped expectations, and management boosted its comparable sales forecast for the full year, as well as the low end of its EPS target. Despite low-income shoppers feeling squeezed by inflation, Dollar General's sales have continued to increase, and its value-priced offerings may attract more customers during economic downturns.
- Pinterest (PINS) gains after JPMorgan raises rating to overweight from neutral. A diversification of its advertising platform to provide full-funnel capabilities is supporting further revenue upside at the social media firm, says analyst Doug Anmuth.
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Signet Raises Outlook, Constellation Sells Power to Meta, Dollar General Earnings
On this episode of Stock Movers:
- Signet Jewelers (SIG) shares climb 14% in premarket trading after the owner of Kay Jewelers boosted its adjusted earnings per share forecast for the full year, following first-quarter results that was ahead of expectations.
- Nuclear stocks gain in US premarket trading after Constellation Energy (CEG)agreed to sell power from an operating nuclear plant in Illinois to Meta Platforms, an agreement that could lead to the construction of a new reactor at the site.
- Dollar General (DG) slightly increased its annual guidance after the first quarter topped projections. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.
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Nuclear Stocks Jump ; Applied Digital Soars; Credo Technology Surges
On this episode of Stock Movers:
- Constellation Energy (CEG) agreed to sell power from an operating Illinois nuclear plant to Meta Platforms Inc., a deal that could spur construction of a new reactor at the site as artificial intelligence sends power demand soaring. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to buy the output from the Clinton plant starting in mid-2027, when a state subsidy expires, according to a statement Tuesday. Constellation, the biggest US nuclear operator, declined to provide financial details.
- Applied Digital (APDL) shares rise as much as 45% on Monday, in biggest intraday jump since September, after the company entered into two lease agreements with CoreWeave in North Dakota. Shares in CoreWeave climb as much as 11%.
- Credo Technology (CRDO) shares advance 13% in premarket trading after the company reported revenue for the fourth quarter that beat the average analyst estimate.
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European Miners Fall, UBS Gains, MJ Gleeson Slump
On this episode of Stock Movers:
- Miners could be on the move Tuesday as base metals fall on concern about China’s economic outlook, as a gauge of the country’s manufacturing activity fell to its lowest level in more than two years.
- UBS shares jump as much as 4.1% after Jefferies upgraded the stock to buy from hold, saying that the bank may be reaching a potential turning point on capital, with some clarity expected this week.
- MJ Gleeson slashed guidance, citing a slow housing market recovery in the UK and planning delays.
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Boeing Upgrade, US Automakers Stocks Fall, Moderna Rises
On this episode of Stock Movers:
- Boeing (BA) shares are up on word that the Trump administration has been including orders for Boeing planes in trade discussions. That news is helping restore Bank of America’s confidence in the stock. “Boeing aircraft have emerged as a favored trade mechanism in recent US trade negotiations, which we suspect will continue,” Ronald Epstein of Bank of America wrote in a research note. The analyst said deals — including a record order from Qatar Airways — as well as the end of China’s ban on airlines taking delivery of Boeing planes are creating a buying opportunity in shares. Epstein raised the stock to a buy from neutral while boosting the 12-month price target to $260, the highest on Wall Street and about 25% higher than where the stock currently trades, from a target of $185.
- General Motors (GM) and Ford (F) shares are slipping after President Donald Trump said Friday that he would increase steel and aluminum tariffs to 50% from 25%. Trump hopes the increased levies will protect margins for domestic mills and spur investment in new production capacity, and shares of US steel and aluminum makers surged in after-hours trading after the announcement on Friday. But construction companies have warned that levies on steel and aluminum — which Trump had already raised from 10% to 25% — will increase the cost of critical building materials.
- Moderna (MRNA) shares are up after the company gained US approval for a new Covid vaccine for a narrower group of people, in the latest sign that regulators are restricting access to immunizations under the leadership of Health and Human Services Secretary Robert F. Kennedy Jr. The company’s second-generation vaccine is cleared for all adults over 65 and anyone over 12 who has at least one risk factor for severe disease, Moderna said in a statement Saturday. Moderna’s Covid shot had previously been approved for people 12 years of age and older regardless of their underlying health.
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Closing Bell: Applied Digital Rises, Tesla Falls on France Sales, Steelmakers Surge
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Emily Graffeo.
- Shares of Steel Dynamics (STLD) rose along with other US-based steelmakers as traders continued to react to President Donald Trump's Friday announcement of higher tariffs on steel and aluminum. Trump hopes the increased levies will protect margins for domestic mills and spur investment in new production capacity, and shares of US steel and aluminum makers surged in after-hours trading after the announcement on Friday. But construction companies have warned that levies on steel and aluminum — which Trump had already raised from 10% to 25% — will increase the cost of critical building materials.
- Tesla (TSLA) shares fell on word that new-vehicle registrations plunged to an almost three-year low in France. The automaker sold only 721 cars in May, down 67% from a year earlier, according to French industry association Plateforme Automobile. Tesla’s registrations were the lowest since July 2022, despite the company rolling out a redesigned version of its most popular vehicle, the Model Y. Musk recently denied the need for a plan to improve Tesla’s fortunes, telling Bloomberg News in a May 20 interview that the company had “already turned around.” While the CEO claimed Tesla was seeing sales decline along with every other carmaker in Europe, manufacturers including Volkswagen AG, Renault SA and BMW AG increased deliveries in the first four months of the year.
- Applied Digital (APLD) shares rose as much as 45% today, in its biggest intraday jump since September, after the company enter into two lease agreements with CoreWeave.
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Broadcom Up Ahead of Earnings, Moderna Higher, Disney Slides on Layoffs
-Broadcom (AVGO) is up today ahead of earnings this week. Bloomberg Intelligence analysts are expecting the software giant to post slightly better results and guidance led by strength in AI.
-Moderna (MRNA) share rose after the drugmaker won FDA approval for its second-generation Covid vaccine. The company’s second-generation vaccine is cleared for all adults over 65 and anyone over 12 who has at least one risk factor for severe disease, Moderna said in a statement Saturday. Moderna’s Covid shot had previously been approved for people 12 years of age and older regardless of their underlying health. Vaccine makers have been on high alert to challenges under Kennedy, a longtime critic of immunizations who leads the health agency that oversees the Food and Drug Administration.
- Disney (DIS) shares are lower after it was reported that it would be laying off several hundred employees across its film and TV businesses, cuts that underscore the tough times in Hollywood are far from over. The staff reductions began Monday and are falling on employees in marketing, publicity, casting and development, along with corporate financial operations, according to the company. Hollywood has been in a cost-cutting mode for years, with production and employment in a downward spiral. Disney, based in Burbank, California, announced a retrenchment in February 2023, eliminating 7,000 jobs in a bid to cut expenses by $5.5 billion. The company later increased that target to $7.5 billion. Competitors have also laid off thousands of workers.
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BioNTech Rises, Boeing Gains, Nucor Up After Trump Steel Announcement
On this episode of Stock Movers:
- BioNTech (BNTX) shares rise after Bristol-Myers Squibb said it will pay BioNTech SE as much as $11.1 billion to license a next-generation cancer drug. The deal includes a $1.5 billion upfront payment, $2 billion in installments through 2028, and up to $7.6 billion in milestone payments, with the partners splitting development and manufacturing costs and profits equally.
- Boeing (BA) shares gain after BofA Global Research upgraded the planemaker to buy from neutral, with analyst Ronald Epstein writing that company’s “aircraft emerged as the favored trade tool for the Trump administration in recent trade deals.”
- Nucor (NUE) shares are up after President Trump's Friday announcement that steel and aluminum tariffs will double to 50% on June 4th.
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Boeing Gets an Upgrade, Moderna Wins FDA Vaccine Approval
On this episode of Stock Movers:
- Boeing (BA) shares gain after BofA Global Research upgraded the planemaker to buy from neutral, with analyst Ronald Epstein writing that company’s “aircraft emerged as the favored trade tool for the Trump administration in recent trade deals.”
- Moderna (MRNA) shares rise after the drugmaker won FDA approval for its second-generation Covid vaccine for all adults over 65 and anyone over 12 who has at least one risk factor for severe disease.
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Steel Stocks Movers; Bristol Myers Deal; BYD Downswing
On this episode of Stock Movers:
- US Steel (X) shares are weaker this morning on news that President Trump is threatening to raise steel and aluminum tariffs. President Trump announced that he would increase tariffs on steel and aluminum to 50% from 25%, saying the move would help protect American workers. The deal would ensure the iconic American firm remains US-owned and operated, with Trump promising that US Steel workers would receive a $5,000 bonus and that $2.2 billion of the proposed investment would be earmarked to increase steel production.
- Cleveland Cliffs (CLF) is moving in the opposite direction of its competitor this morning as its rising on the tariff news. The president made the announcement during a visit to a United States Steel Corp. plant near Pittsburgh, where he championed an expected deal between US Steel and Japan's Nippon Steel Corp.
- BYD (BYDDY) shares fell due to concerns that its price cuts are drawing government scrutiny and becoming unsustainable for the Chinese EV industry. The Chinese government and industry associations have expressed concerns about the "rat-race competition" and "vicious competition" in the auto sector, warning that it could hurt profit margins and product quality.
- Bristol Myers (BMY) is higher this morning along with the broader pharma sector as it agrees to pay BioNTech SE up to $11.1 billion to license a next-generation cancer drug, with $1.5 billion upfront and $2 billion in installments through 2028. The deal marks a major payoff for BioNTech, which initially licensed the compound from Chinese biotech Biotheus in 2023 and later bought the company outright for up to $950 million.
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Steel Stocks Move on Tariff News; Pharma Stocks Pop on Deal; Tesla Lower
On this episode of Stock Movers:
- US Steel (X) shares are weaker this morning on news that President Trump is threatening to raise steel and aluminum tariffs. President Trump announced that he would increase tariffs on steel and aluminum to 50% from 25%, saying the move would help protect American workers. The deal would ensure the iconic American firm remains US-owned and operated, with Trump promising that US Steel workers would receive a $5,000 bonus and that $2.2 billion of the proposed investment would be earmarked to increase steel production.
- Cleveland Cliffs (CLF) is moving in the opposite direction of its competitor this morning as its rising on the tariff news. The president made the announcement during a visit to a United States Steel Corp. plant near Pittsburgh, where he championed an expected deal between US Steel and Japan's Nippon Steel Corp.
- Bristol Myers (BMY) is higher this morning along with the broader pharma sector as it agrees to pay BioNTech SE up to $11.1 billion to license a next-generation cancer drug, with $1.5 billion upfront and $2 billion in installments through 2028. The deal marks a major payoff for BioNTech, which initially licensed the compound from Chinese biotech Biotheus in 2023 and later bought the company outright for up to $950 million.
- Tesla (TSLA) is moving to the downside this morning along with other big names in the tech sector. It comes as new-vehicle registrations fell further in France, undercutting Chief Executive Officer Elon Musk’s assertion last month that the carmaker has recovered from its early-year sales slump.
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EU Defence Gains, Polish Stocks Drop, Global Trade Dip
On this episode of Stock Movers:
- European defense stocks are outperforming this morning as the UK plans to spend £1.5 billion to build six munitions factories, expand its fleet of attack submarines and invest in its nuclear deterrent.
- Global stocks started the new month under pressure as a flare-up in global trade tensions and geopolitical uncertainty dampened investors’ appetite for risk.
- Warsaw WIG20 index drops as much as 3.4% in early trading after the nationalist opposition candidate wins Poland’s presidential election; results are seen as a blow for pro-EU cabinet and its delayed reforms agenda as well as a test for this year’s rally on local assets.
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Weekly Roundup: Beauty Brands Ulta and Elf Rise, Texas Pacific Land Falls
- Ulta Beauty (ULTA) shares surged the most since 2020 after delivering first-quarter results that topped Wall Street estimates, signaling that shoppers are buying up beauty products despite growing economic concerns. Profit last quarter was $6.70 a share, the company said Thursday after markets closed, beating analyst expectations for $5.80. Comparable sales were also higher than expected. The company boosted its full-year outlook for sales and profit. The better-than-expected results bode well for the turnaround plan led by Steelman as growing economic worries push consumers to pull back spending elsewhere. The company’s effort in part leans on exclusive products such as a new hair-care line from Beyoncé.
- Elf Beauty (ELF) shares surged on Thursday, after the cosmetic company agreed to acquire Hailey Bieber's beauty brand, Rhode, for $1 billion.
- Texas Pacific Land (TPL) fell for its eighth consecutive day on Thursday, its longest losing streak since April 2023.
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Closing Bell: Ulta Jumps, Costco Defies Tariff Worries, Gap Drops
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Jess Menton.
- Ulta Beauty (ULTA) shares surged the most since 2020 after delivering first-quarter results that topped Wall Street estimates, signaling that shoppers are buying up beauty products despite growing economic concerns. Profit last quarter was $6.70 a share, the company said Thursday after markets closed, beating analyst expectations for $5.80. Comparable sales were also higher than expected. The company boosted its full-year outlook for sales and profit. The better-than-expected results bode well for the turnaround plan led by Steelman as growing economic worries push consumers to pull back spending elsewhere. The company’s effort in part leans on exclusive products such as a new hair-care line from Beyoncé.
- Costco (COST) shares were up after the retailer posted better than expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and economic turbulence. Costco is the latest big-box retailer to post quarterly results, as investors and analysts search for clues on how shoppers are spending. Many consumer-facing companies have posted soft results in recent weeks with Target Corp., Procter & Gamble Co. and Kraft Heinz Co. slashing their annual outlooks. Walmart Inc. and a handful of names have been outliers with strong results. Sweeping, on-again, off-again US tariffs have upended operations across industries, fueling chaos among companies, investors and consumers. Courts are weighing in on whether these tariffs can stay in effect.
- Gap (GAP) shares dropped nearly 21% during trading on Friday after the apparel retailer predicted a tariff impact of as much as $300 million, offsetting better-than-expected results at its biggest brands. On Thursday, Gap said tariffs could result in a $250 million to $300 million hit if they remain at current levels of 30% for most goods from China and 10% for other countries. The retailer said it has strategies to mitigate more than half of that cost. Gap reiterated its full-year guidance for sales and operating income, but added the outlook doesn’t include the potential impact of any duties.
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Gap Sinks, Costco Rises, Airbnb Falls After Truist Downgrade
On this episode of Stock Movers:
- Gap (GAP) shares sink after the company predicted a tariff impact of up to $300 million and revealed weakness at Banana Republic and Athleta. The retailer reiterated its guidance for sales and operating income this year, but this does not include the potential impact of tariffs, and has strategies to mitigate more than half of the tariff cost.
- Costco Wholesale (COST) shares rise after the company posted better-than-expected earnings in the third quarter, with earnings per share of $4.28, above Wall Street analysts' expectations. The company is navigating tariffs and economic turbulence by flexing its scale and devoted following, and is expected to implement price increases later in the year on a selective basis.
- Airbnb (ABNB) shares fall after Truist Securities cut its recommendation to sell from hold and lowered its price target to $106 from $112.
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Ulta Beauty Leaps, Cooper Companies Slump, Regeneron Plunges on Disappointing Data
On this episode of Stock Movers:
- Ulta Beauty (ULTA) shares leap as much as 16% on Friday, the most intraday since November 2020, after the cosmetics retailer boosted its earnings per share forecast for the full year. Analysts flag strong execution at the company, with Citi noting that competitive pressures from new points of distribution, like Sephora, is abating.
- Cooper Cos (COO) shares slump after the contact lens maker cut its outlook for organic growth for the year even as the company reported better-than-expected results for the second quarter. The disappointing guidance spurred a downgrade at JPMorgan.
- Regeneron Pharmaceuticals (REGN) shares slump after Wells Fargo Securities cut the recommendation on Regeneron Pharmaceuticals Inc. to equal-weight from overweight. The company's Sanofi-partnered COPD treatment also unexpectedly failed in a Phase 3 study.
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Dell Profit Outlook; Gap Tariff Concern; Red Robin Soars
On this episode of Stock Movers:
- Dell Technologies (DELL) is higher this morning after reporting a profit outlook for the year that beat analysts' estimates. The company reported a significant increase in orders for servers to run AI networks, with $12.1 billion in AI orders in the quarter ended May 2, surpassing the entirety of shipments in all of FY25. Dell expects profitability to improve in its computer and servers-and-storage businesses, and has accelerated share repurchases, which will boost profit on a per-share basis.
- Gap (GPS) is sinking on a tariff warning. The company predicted a tariff impact of up to $300 million and revealed weakness at Banana Republic and Athleta. Gap warned of a $250 million to $300 million hit from tariffs, but kept its guidance stable and said it has strategies to mitigate more than half of that cost.
- Costco (COST) shares nudged higher after the bell Thursday after the big-box retailer posted third quarter earnings per share that beat the average analyst estimate. The company is working well to soften tariff exposure and can gain further market share moving forward, according to some analysts.
- Red Robin (RRGB) shares are soaring this morning after the burger chain reported adjusted earnings per share of 19c for the first quarter, whereas analysts were expecting a loss of 51c per share. The company also reaffirmed its adjusted Ebitda guidance for the full year.
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Dell Profit Outlook; Gap Tariff Warning; Costco Jumps
On this episode of Stock Movers:
- Dell Technologies (DELL) is higher this morning after reporting a profit outlook for the year that beat analysts' estimates. The company reported a significant increase in orders for servers to run AI networks, with $12.1 billion in AI orders in the quarter ended May 2, surpassing the entirety of shipments in all of FY25. Dell expects profitability to improve in its computer and servers-and-storage businesses, and has accelerated share repurchases, which will boost profit on a per-share basis.
- Gap (GPS) is sinking on a tariff warning. The company predicted a tariff impact of up to $300 million and revealed weakness at Banana Republic and Athleta. Gap warned of a $250 million to $300 million hit from tariffs, but kept its guidance stable and said it has strategies to mitigate more than half of that cost.
- Ulta (ULTA) share are higher this morning after the cosmetics retailer boosted its earnings per share forecast for the full year. Analysts flag strong execution at the company, with Citi noting that competitive pressures from new points of distribution, like Sephora, is abating.
- Costco (COST) shares nudged higher after the bell Thursday after the big-box retailer posted third quarter earnings per share that beat the average analyst estimate. The company is working well to soften tariff exposure and can gain further market share moving forward, according to some analysts.
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Sanofi Falls, M&G Rises, Gap Down
On this episode of Stock Movers:
- Sanofi shares fall following mixed results of its experimental drug for a deadly lung condition.
- M&G's shares gain as much as 8.6% to reach the highest since June 2021, after Dai-ichi Life Holdings said it will acquire a 15% stake in the UK life insurer.
- Asian clothing-related stocks slip, amid broad market weakness, after Gap reported a tariff impact of as much as $300 million.
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Costco Beats, Dell Rises, Red Robin Soars
On this episode of Stock Movers:
- Costco Wholesale Corp. (COST) posted better-than-expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and other forces of economic turbulence. The retailer said it generated earnings per share of $4.28 for the quarter ended May 11, above what Wall Street analysts were expecting. The metric suggests that Costco is growing its business even as consumers prioritize necessities to save money.
- Dell Technologies Inc. (DELL) gave a profit outlook for the year that exceeded estimates and said it had seen a significant increase in orders for servers to run AI networks. Earnings, excluding some items, will be about $9.40 a share in the fiscal year ending in January 2026, an increase from a February forecast, Texas-based Dell said Thursday in a statement. The company reiterated its sales forecast of roughly $103 billion. Analysts, on average, projected profit of $9.21 a share on revenue of $103 billion.
- Red Robin (RRGB), reported adjusted earnings per share for the first quarter that beat the average analyst estimate. The burger franchise operator expects Adjusted EBITDA will be in a range of $13 million to $16 million in the second quarter of fiscal 2025. It's also forecasting comparable restaurant revenue results to include a headwind of approximately 240 basis points due to a 2024 benefit from the change in the Company's loyalty program not recurring in 2025, leading to a total decline in comparable restaurant sales of approximately 3%.
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Best Buy Falls on Tariff Worries, Salesforce Slumps, Uber Slides
On this episode of Stock Movers:
- Best Buy (BBY) reduced its sales and profit outlook in response to US tariffs, sending shares lower. But in a sign of the trade war’s volatility, that forecast might soon be outdated after a US court on Wednesday struck down many of President Donald Trump’s levies. For what it’s worth, the company said comparable sales for the year will gain as much as 1%, down from a previous forecast of as much as 2%, assuming tariffs remain at current levels before any court-ordered changes. The retailer also cut its view on adjusted earnings.
- Salesforce (CRM) reported signs of traction in its new AI products, but that wasn’t enough to ease investor anxieties over a long trend of slowing revenue growth. Annual recurring revenue for Salesforce’s division that includes AI-focused tools such as data organization and agents crossed $1 billion in the period ended April 30, the company said. That’s up from $900 million in the previous quarter and “points to consistent AI demand,” Anurag Rana, an analyst at Bloomberg Intelligence, wrote in a note after the results.
- Uber (UBER) shares tumbled on the word that Tesla CEO Elon Musk has been testing self-driving Model Y cars on public streets in Austin. Tesla is poised to begin its long-awaited robotaxi service in Austin on June 12, according to a person familiar with the matter, a milestone in Elon Musk’s plan to reshape the company around driverless vehicles and artificial intelligence.
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Tesla Rises, United Airlines Gains, Best Buy Drops on Profit Outlook
On this episode of Stock Movers:
-Tesla (TSLA) shares rise as the company begins its long-awaited robotaxi service in Austin on June 12th, sources tell Bloomberg. The date was discussed internally and could still change. The company this week operated a test vehicle on public roads in Austin with no one in the driver’s seat for the first time, according to the person.
United Airlines (UAL) shares gain after the airline and JetBlue agreed to a partnership called the Blue Sky alliance that will allow travelers to use loyalty points and book flights across the two carriers.They'll also integrate operations in the New York City area, which would pave the way for United's return to JFK and grant JetBlue access to Newark.
Best Buy (BBY) shares drop after the company reduced its sales and profit outlook for the year, and projections now reflect an assumption that tariffs stay at current levels for the rest of the year. JPMorgan analysts did say the guidance is "way better than feared"; Piper Sandler analysts note that guidance implies a rebound in margin trends in the back half of the year.
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JetBlue Rises, Elf Beauty Surges, Kohl's Rises After Earnings
On this episode of Stock Movers:
- JetBlue (JBLU) shares rise after the airline agreed to a partnership with United Airlines that will allow travelers to use loyalty points and book flights across both carriers. The partnership, called the Blue Sky alliance, will give United access to JetBlue's JFK flight slots for up to seven daily round trips starting in 2027.
- Elf Beauty (ELF) shares surge after the cosmetic company agreed to acquire Hailey Bieber’s beauty brand, Rhode, for $1 billion. The company also reported fourth-quarter results, but declined to issue fiscal 2026 financial guidance.
- Kohl's (KSS) shares rise after the company reported comparable sales that fell 3.9% in the three months ended May 3, slightly better than analysts' expectations. The company affirmed its full-year outlook and reported revenue of $3 billion for the quarter, roughly in line with analysts' expectations.
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Nvidia Beats Earnings; Salesforce Pullback; HP Guidance
On this episode of Stock Movers:
- Nvidia (NVDA) shares are higher this morning after a positive earnings report showing it expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment.
- Salesforce (CRM) is lower this morning despite raising its annual forecast. It's acquiring Informatica for about $8 billion to help customers implement AI tools sooner, and its fiscal first-quarter revenue increased 8% to $9.8 billion, exceeding Wall Street estimates. However, it's uncertain how it will integrate the company into
- HP (HPQ) is down this morning after its profit outlook fell short of estimates and it cut its annual earnings forecast due to a weaker economy and continuing costs from US tariffs on goods from China.
- Kohl's Corp. (KSS) shares are higher in the premarket as it reaffirmed its full-year outlook and reported revenue of $3 billion for the quarter, roughly in line with analysts' expectations. Kohl's is looking for a new leader after the ousting of its former CEO, Ashley Buchanan, and is currently being led by interim CEO Michael Bender.
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Nvidia Earnings Pop; Salesforce Dip; HP Cuts Forecast
On this episode of Stock Movers:
- Nvidia (NVDA) shares are higher this morning after a positive earnings report showing it expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment.
- Salesforce (CRM) is lower this morning despite raising its annual forecast. It's acquiring Informatica for about $8 billion to help customers implement AI tools sooner, and its fiscal first-quarter revenue increased 8% to $9.8 billion, exceeding Wall Street estimates. However, it's uncertain how it will integrate the company into
- HP (HPQ) is down this morning after its profit outlook fell short of estimates and it cut its annual earnings forecast due to a weaker economy and continuing costs from US tariffs on goods from China.
- Synopsys (SNPS) share are down after its adjusted EPS missed estimates and on a report the US Commerce Department told Electronic Design Automation groups including Cadence, Synopsys and Siemens EDA to stop supplying their technology to China. That's according to the Financial Times.
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Adidas Gains, Luxury Strength, Auto Trader Drop
On this episode of Stock Movers:
- Adidas and Puma shares rallied as a US court blocked many of President Trump's tariffs on imports from dozens of countries. The stocks had slumped in April on concern over tariffs on clothing items imported from Asia.
- Luxury stocks including LVMH gained on hopes that the court ruling on tariffs would benefit demand for high-end goods. That was even as LVMH’s deputy chief executive officer indicated that a slump in demand for luxury items may still have some way to run.
- Auto Trader reported revenue for the full year that missed the average analyst estimate.
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Closing Bell: Joby Rises, Vail Resorts Surges, Stellantis Falls
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- Air taxi maker Joby (JOBY) shares were up today on the news that Toyota invested $250 million in the company. The investment, originally expected to close in 2024, is part of Toyota’s pledge to boost its total funding in the Santa Cruz, California-based company to $894 million. The latest tranche raises Toyota’s stake to 15.3%, surpassing that of Joby Chief Executive Officer JoeBen Bevirt. A US spokesman for Toyota confirmed the payment. Joby has said it expects the second tranche from Toyota to close later this year.
- Vail Resorts (MTN) shares rose the most since November 2020 after the ski resort operator said Executive Chairperson Rob Katz will return to the role of chief executive officer, replacing Kirsten Lynch, who stepped down. Lynch, who is also leaving the company’s board, will remain in an advisory role, the company said Tuesday. Katz, 58, served as CEO of the ski resort operator from 2006 to 2021.
- Stellantis (STLA) shares moved lower after the Detroit automaker appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn around the automaker after former boss Carlos Tavares was forced out over slumping sales and profit. Filosa, 51, will take the helm at the maker of Jeep sport utility vehicles and Fiat cars on June 23, Stellantis said Wednesday. He was promoted to head the company’s North American operations in October as part of a broader shake-up in the waning days of Tavares’ tenure, and has been with the group for more than two decades.
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Abercrombie Surges, GameStop Falls, Nvidia Higher
On this episode of Stock Movers:
- Abercrombie & Fitch (ANF) shares jumped after the retailer upped its full-year outlook, suggesting confidence in its ability to navigate the changing tariff landscape. The fashion retailer now sees full year net sales growth of 3% to 6% up from its estimate of 3% to 5% in March. This included approximately $50 million of tariff expenses.
- GameStop (GME) shares fell after the company announced it bought 4,710 Bitcoin tokens. This is the video-game seller’s first Bitcoin purchase after it announced in March that it plans to add the cryptocurrency as a treasury reserve asset, following the model set out by Michael Saylor’s Strategy. At current prices, GameStop’s Bitcoin holdings are worth over $507 million.
- Nvidia (NVDA), the maker of chips vital to a massive build-out of AI infrastructure, will give an earnings report after the close of US trading Wednesday that provides investors with a sense of whether that flood of spending is sustainable. While demand remains strong from Nvidia’s large US customers, the company is facing growing restrictions on shipping its technology to China. The curbs have already forced Nvidia to take a $5.5 billion write-down, and they’re clouding the chipmaker’s prospects in a critical market.
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FICO Rebounds, Abercrombie & Fitch Surges, Fannie Mae Rises After Trump Comments
On this episode of Stock Movers:
- Fair Isaac Corp. (FICO) shares snap five days of losses, after Baird raised the recommendation on the credit analytics firm to outperform from neutral, saying the recent regulatory risk driven pullback returns shares to valuation that can “enable good multi-year upside.”
- Abercrombie & Fitch (ANF) shares surge after the retailer raised its full-year outlook, showing confidence in navigating the changing tariff landscape. The retailer now expects full-year net sales growth of 3% to 6%, including $50 million of tariff expenses, and does not plan broad-based ticket increases.
- Fannie Mae (FNMA) shares rise after President Donald Trump said that the US government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants.
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Macy's Rises, Abercrombie & Fitch Surges, Vail Resorts Gains on Leadership Transition
On this episode of Stock Movers:
- Macy's (M) shares rise after the company posted better-than-expected quarterly results, with comparable-store sales falling less than analysts had anticipated and revenue of $4.6 billion surpassing the average estimate. The company maintained its sales outlook for the current year, despite new tariffs and moderation in consumer discretionary spending, and anticipates "modest" price increases.
- Abercrombie & Fitch (ANF) shares surge after the retailer raised its full-year outlook, showing confidence in navigating the changing tariff landscape. The retailer now expects full-year net sales growth of 3% to 6%, including $50 million of tariff expenses, and does not plan broad-based ticket increases.
- Vail Resorts (MTN) shares gain after the company said Executive Chairperson Rob Katz will return to the role of chief executive officer, replacing Kirsten Lynch, who stepped down. The company, based in Broomfield, Colorado, also reaffirmed financial guidance shared in April.
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Macy’s Reports Earnings; Abercrombie Surges; Okta Falls
On this episode of Stock Movers:
Macy’s (M) posted better-than-expected quarterly results — a sign the department-store operator’s strategy of focusing on its best-performing locations is starting to pay off despite weakening consumer sentiment and tariff volatility.Comparable-store sales in the fiscal quarter ended May 3 fell less than analysts had anticipated, the company reported on Wednesday, while revenue of $4.6 billion in the period also surpassed the average estimate.
- Abercrombie & Fitch (ANF) shares rose sharply in premarket trading Wednesday after the retailer upped its full-year outlook, suggesting the retailer is confident in its ability to navigate the changing tariff landscape.The fashion retailer now sees full year net sales growth of 3% to 6% up from its estimate of 3% to 5% in March. This included approximately $50 million of tariff expenses.Comparable sales for the Abercrombie namesake brand fell 10% in the quarter ending May 3, a bigger drop than analysts were anticipating, the New Albany, Ohio-based company said. Hollister brand comparable sales were up 23%, far surpassing expectations.
- Okta (OKTA)shares are down 12% in premarket trading, after the cybersecurity company gave a weaker-than-expected outlook for second-quarter current remaining performance obligation. Analysts see the forecast as conservative.
- Vail Resorts (MTN) shares jump 11% in US premarket trading after the operator of ski resorts reappointed Rob Katz as CEO, succeeding Kirsten Lynch, and reaffirmed its fiscal 2025 guidance. Analysts see the leadership change as positive, with JPMorgan upgrading its rating on the stock.
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Macy’s Earnings, Stellantis New CEO, Honeywell Board
On this episode of Stock Movers:
- Macy's (M) posted better-than-expected quarterly results — a sign the department-store operator’s strategy of focusing on its best-performing locations is starting to pay off despite weakening consumer sentiment and tariff volatility. Comparable-store sales in the fiscal quarter ended May 3 fell less than analysts had anticipated, the company reported on Wednesday, while revenue of $4.6 billion in the period also surpassed the average estimate.
- Stellantis NV (STLA) appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn around the automaker after former boss Carlos Tavares was forced out over slumping sales and profit. Filosa, 51, will take the helm at the maker of Jeep sport utility vehicles and Fiat cars on June 23, Stellantis said Wednesday. He was promoted to head the company’s North American operations in October as part of a broader shake-up in the waning days of Tavares’ tenure, and has been with the group for more than two decades.
- Honeywell International Inc. (HON) agreed to cooperate with Elliott Investment Management and add a member of the activist shareholder to its board as the industrial firm prepares to split into three companies. Honeywell named Marc Steinberg, a partner at Elliott, as an independent director and audit committee member, the Charlotte, North Carolina-based manufacturer said in a statement on Wednesday. The appointment is effective May 31.
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Stellantis Changes CEO, Soitec Weakness, Kingfisher Dips
On this episode of Stock Movers:
- Stellantis appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn around the automaker after former boss Carlos Tavares was forced out over slumping sales and profit.
- Soitec shares plunge as much as 26% after the company withdrew its guidance for 2026 and its medium-term revenue and Ebitda margin targets, citing reduced visibility and market uncertainties.
- Kingfisher shares drop as much as 5.4%, the most in two months, after the DIY retailer left investors disappointed by not upgrading its annual profit guidance, according to analysts, despite better weather in the UK helping like-for-like sales to come in ahead of expectations in the first quarter.
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Okta Falls After Earnings, Vail Brings Back Katz, Tesla Surges
On this episode of Stock Movers:
- OKTA: Okta shares fell in postmarket trading after the cybersecurity company’s second-quarter forecast for current remaining performance obligation fell short of the average analyst estimate. Okta's muted growth view of 10-11% for current remaining performance obligations in fiscal 2Q26 implies a sharp deceleration from its 1Q results and could be due to a longer sales cycle, even with the company's expanded product suite and exposure to demand for identity security in AI-agent deployments, according to Bloomberg Intelligence.
- MTN: Vail Resorts shares jumped in extended trading after the operator of ski resorts said it reappointed Rob Katz as CEO, succeeding Kirsten Lynch, who has stepped down from the role. The company also reaffirmed its fiscal 2025 guidance. Katz will continue to serve as the chairperson of the board, which comprises 11 directors, according to a press release.
- TSLA: Tesla Inc.’s inroads in self-driving, robots and home energy systems is keeping Baillie Gifford invested in Elon Musk’s company, even after trimming its stake substantially, a director at the Scottish asset manager said. “Our holding in Tesla has not vanished completely. It’s smaller than it has been, but it’s a company that we’ll continue to watch,” Hamish Maxwell, a director and analyst with Baillie Gifford’s Scottish Mortgage Investment Trust said Tuesday in an interview.
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Closing Bell: US Steel Surges .. Again, PDD Tumbles, Vertical Aerospace Soars
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Carol Massar and Tim Stenovec.
On this episode of Stock Movers:
-- US Steel (X) is coming off its surge on Friday after President Trump said the US would have control over the company as part of its partnership with Nippon Steel. US Steel is backing the president's move and reaffirming its commitment to the Nippon Partnership
-- (PDD) Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll on its business. Revenue for the March quarter was 95.7 billion yuan ($13.3 billion), falling short of the average analyst estimate of 101.6 billion yuan. Net income totaled 14.7 billion yuan, while analysts had expected 25.7 billion yuan. PDD’s US depositary receipts tumbled in New York on Tuesday after markets opened.
--Vertical Aerospace (EVTL) shares rise as much as 6.9% after the aerospace and technology company says it has made “European aviation history with the first-ever” piloted flight of a winged electric vertical take-off and landing (eVTOL) aircraft in open airspace.
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PDD Tumbles, Trump Media Falls, Apple Jumps
On this episode of Stock Movers:
PDD: Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll on its business. Revenue for the March quarter was 95.7 billion yuan ($13.3 billion), falling short of the average analyst estimate of 101.6 billion yuan. Net income totaled 14.7 billion yuan, while analysts had expected 25.7 billion yuan. PDD’s US depositary receipts tumbled in New York on Tuesday after markets opened.
DJT: Trump Media & Technology Group Corp., the company behind Truth Social, agreed to sell around $1.5 billion in stock and $1 billion in convertible bonds to buy Bitcoin for its treasury. The company’s shares fell Tuesday after rallying premarket following a Financial Times report on its plans to raise capital to spend on cryptocurrencies.
AAPL: Shares of Apple Inc. rose following their longest selloff in more than three years, as escalating attacks from the White House threaten to further erode the company’s profit outlook, suggesting the stock’s struggles this year are far from over.
President Donald Trump on Friday threatened to levy a 25% tariff on the company’s products if it doesn’t shift iPhone production to the US. Shares fell 3% to end the week, their eighth straight negative session, the longest such selloff since January 2022. The stock rose 1.7% on Tuesday.
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AMD Rises, Apple Rebounds, GM Gains After Debt Offering
On this episode of Stock Movers:
- AMD shares rise after HSBC upgraded the chipmaker to hold from reduce. Analyst Frank Lee cites “the recent re-rating on the back of the Saudi AI deal, as well as tariff de-escalation.” Earlier this month, it struck a deal with Sanmina, which will buy AMD's AI server assembly plants that deal is worth as much as $3 billion.
- Apple rebounds after a lengthy selloff as analysts continued to digest the impact of the Trump administration’s tariff policies. On Friday, President Donald Trump threatened a 25% tariff on Apple if it doesn’t shift iPhone production to the US.
- GM shares gain as its financing arm is out with a multi-tranche bond deal today after selling more than $2 billion of notes three months ago. Bloomberg Intelligence cites a recent study by CarEdge study that shows roughly 65% of potential new-car buyers would walk away from the market entirely if monthly payments rose just 5%.
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Salesforce Falls, Southwest Airlines Rises, Broadcom Up Ahead of Earnings
On this episode of Stock Movers:
- Salesforce shares fall after the company agreed to acquire Informatica for about $8 billion. It’s one of Salesforce’s biggest acquisitions and adds to over $800 billion of North American deals so far in 2025, more than a 23% increase from a year ago.
- Southwest Airlines shares rise after the airline said it will charge $35 for an initial checked bag and $45 for the second starting May 28. This ends one of the long-held policies that had set the carrier apart from rivals in the US industry for decades.
- Broadcom shares rise ahead of its earnings report next week. Its revenue diversity and cash flow boosts its relative value appeal versus its peers in the sector, according to Bloomberg Intelligence’s Robert Schiffman.
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Salesforce-Informatica; Trump Crypto Plans; US Steel Reaffirms Partnership
On this episode of Stock Movers:
- Salesforce (CRM) shares are higher this morning despite moving to acquire daata-management software firm Informatica (INFA), which is also rallying on the WSJ report. Sources tell the Journal that Salesforce is expected to pay $25 per share for Informatica, and beat out multiple other strategic and private-equity suitors.
- Trump Media & Technology Group (DJT) is moving higher this morning on a Financial Times report that the company's planning to raise $3 billion to buy cryptocurrencies. The report says the company of President Trump's family is looking to issue $2 million in stock and $1 billion through convertible bonds.
- US Steel (X) is coming off its surge on Friday after President Trump said the US would have control over the company as part of its partnership with Nippon Steel. US Steel is backing the president's move and reaffirming its commitment to the Nippon Partnership.
- PPD Inc. (PPD) is lower after the budget shopping site reported the lowest adjusted operating margin in three years.
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Salesforce-Informatica Deal; Trump Media Rallies; Newmont Lower
On this episode of Stock Movers:
- Salesforce (CRM) shares are higher this morning despite moving to acquire data-management software firm Informatica (INFA), which is also rallying on the WSJ report. Sources tell the Journal that Salesforce is expected to pay $25 per share for Informatica, and beat out multiple other strategic and private-equity suitors.
- Trump Media & Technology Group (DJT) is moving higher this morning on a Financial Times report that the company's planning to raise $3 billion to buy cryptocurrencies. The report says the company of President Trump's family is looking to issue $2 million in stock and $1 billion through convertible bonds.
- Newmont (NEM) is one of the few early downside movers, echoing the macro gold trade lower. Despite gold's rally for much of the year, there's a broad risk on trade this morning that's leading stocks tied to gold and gold mining lower.
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Defense Stocks Strong, LVMH Cut, HSBC Cull
On this episode of Stock Movers:
- NATO Secretary General Mark Rutte confirmed the alliance will seek to adopt a new defense spending target of 5% of GDP at a June summit, meeting a demand by US President Donald Trump that had originally seemed unrealistic.
- LVMH’s hold rating is reiterated at HSBC, which trims its price target to €525 from €575. The bank advises its clients to “curb your enthusiasm, one more time” as key luxury-sector markets remain under pressure.
- HSBC has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to people familiar with the matter.
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Weekly Roundup: Moderna Rises, Dollar General Gains, Deckers Outdoor Sinks
On this episode of Stock Movers:
- Moderna (MRNA), along with shares of other vaccine developers like Novavax (NVAX) rose this week after hearing the FDA's approach for the path forward on Covid shots. Moderna jumped as much as 15% on Tuesday after the FDA outlined guidance that was received as "better than expected", and may contain a silver lining, according to Bloomberg Intelligence analyst Sam Fazeli. “The guidance, coming from two critics of the booster program, may actually increase the uptake of shots in the general US population given many have co-morbidities,” Fazeli writes in a note. The FDA's new policy doesn’t require the companies to do costly new trials to keep selling Covid vaccines for older adults who are more likely to get vaccinated. It also doesn’t require additional studies to sell the shots to those with underlying health risks — a group that represents between 100 million and 200 million Americans, including those who are obese and have mental health conditions like depression.
- Dollar General (DLTR) shares rose after Walmart said it will raise prices to combat tariff-related headwinds. Investors think this move could send Walmart shoppers to dollar stores to seek cheaper prices. “If you’ve not already seen it, it will happen in May and then it will become more pronounced,” Walmart CFO John David Rainey said of potential price hikes in an interview. The range of outcomes is “pretty extreme,” Rainey said, adding that the company is bracing for a bigger hit from the trade war and overall economic malaise in the coming months.
- Deckers Outdoors (DECK) shares tumbled as much as 24% during trading on Friday, the most intraday since March 2020 after the owner of Hoka running shoes and Ugg boots provided a disappointing fiscal first-quarter forecast. The company also declined to provide full-year guidance due to the current macro uncertainty. The results from Deckers, along with President Trump’s EU tariff threat, drives the S&P 1500 Footwear Index (S15FOOT) down as much as 6.1%, the worst intraday drop since April 10.
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Closing Bell: US Steel Surges, Informatica Soars, Booz Allen Sinks
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- US Steel (X) surged after President Donald Trump backed a partnership between the company and Japan’s Nippon Steel, crediting his tariff policies for an investment that would keep the iconic American firm in the US. While Trump appeared to stop short of endorsing Nippon Steel’s proposed $14.1 billion takeover of US Steel, shares of the American steelmaker surged as much as 26%, on apparent optimism over the deal’s prospects. “I am proud to announce that, after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,” Trump said on Truth Social on Friday. “My Tariff Policies will ensure that Steel will once again be, forever, MADE IN AMERICA.” Trump said the partnership would create at least 70,000 jobs and add $14 billion to the US economy, with the bulk of the investment occurring in the next 14 months. He also said he would appear at an event on May 30 in Pittsburgh.
- Informatica (INFA) rose on the word that Salesforce (CRM) is in talks to acquire the software company, rebooting a pursuit that fell through last year, people familiar with the matter said. If a deal is reached, it could be announced as soon as next week, according to the people, who asked to not be identified because the discussions are private. No final decision has been made and talks may still falter or another buyer could emerge, they said. Cloud Software Group has been interested in the asset too, the people said. Shares in Informatica rose as much as 28% on Friday for their biggest intraday gain. Salesforce shares closed lower.
- Booz Allen Hamilton (BAH) shares slumped as much as 19%, the most intraday since 2017, after the defense contractor's forecast fiscal 2026 profit that missed estimates. Management also sees much smaller revenue growth compared to fiscal 2025.
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Apple Falls on Trump Tariff Vow, Intuit Soars, Deckers Drops
On this episode of Stock Movers:
- Apple (AAPL) shares are lower as the iPhone maker faces escalating pressure from President Donald Trump to do what many analysts insist would be nearly impossible: move production of its iconic iPhone to the US from overseas. Trump on Friday threatened Apple with a tariff of at least 25% if it doesn’t manufacture its flagship product line in the US, his starkest demand yet for the tech giant to commit to more domestic assembly. The warning came days after a Tuesday meeting between the president and Apple Chief Executive Officer Tim Cook at the White House, a US official said. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump said in a post on Truth Social on Friday. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.”
- Intuit (INTU) ripped higher on after the company posted strong revenue growth following the end of the US tax season, suggesting the financial software company is finding success offering users more expensive services. Fiscal third-quarter revenue increased 15% to $7.8 billion, the company said Thursday in a statement. Analysts, on average, estimated $7.6 billion, according to data compiled by Bloomberg. The period that ended April 30 — including tax season — is the most critical for the maker of TurboTax and other finance software. Profit, excluding some items, was $11.65 a share, compared with analysts’ average projection of $10.96.
- Deckers Outdoor (DECK) shares tumbled as much as 24%, the most intraday since March 2020, after the owner of Hoka running shoes and Ugg boots provided a disappointing fiscal first-quarter forecast. The company also declined to provide full-year guidance due to the current macro uncertainty.
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Ross Drops, Nike Falls, Seagate Rises After Upbeat Investor Event
On this episode of Stock Movers:
- Ross shares drop after second-quarter earnings per share forecast missed the average analyst estimate. The company also withdrew its full-year sales and earnings guidance, citing heightened macroeconomic and geopolitical uncertainty.
- Nike shares drop. Bloomberg Intelligence's tariff tracker shows Nike among the most affected companies. Just yesterday, shares were up after the company returned to Amazon.com’s online store following an absence since 2019. 50% of all Nike shoes and 28% of its apparel production in 2024 came from factories in Vietnam. China accounted for 16% the company’s apparel and Cambodia was responsible for making 15%
- Seagate shares rise after the computer hardware and storage company hosted an upbeat investor day event. It set targets for period through fiscal 2028, including 40% adjusted gross margin with further expansion opportunity. The company also plans to buy back up to $5 billion of shares.
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Apple Drops, Deckers Falls, Intuit Rises After Positive Earnings
On this episode of Stock Movers:
-Apple shares drop after President Trump threatened a 25% levy on Apple if the tech giant failed to move iPhone manufacturing to the US. Analysts at Wedbush estimate that such tariffs translate into iPhone prices of ~$3,500/
-Deckers shares drop as Owns Ugg boots and Hoka running shoes provided a disappointing fiscal first-quarter forecast. Management also declined to provide full-year guidance due to macro uncertainty related to evolving global trade policies.
-Intuit shares rise after the tax-preparation software company reported third-quarter results that beat expectations and raised its full-year forecast. BMO analysts say they remain supportive given more AI-fueled innovation launching in the coming weeks.
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Trump Tweet Hits Apple; No Guidance from Deckers; Ross Stores Pop
On this episode of Stock Movers:
- Apple (APPL) shares are taking a hit in the premarket
- Deckers (DECK) shares are declining after the maker of Hoka running shoes and UGG boots provided a disappointing fiscal 1Q forecast. Management also declined to provide full-year guidance due to macro uncertainty related to evolving global trade policies.
- Ross Stores (ROST) is down this morning after the retailer’s second-quarter earnings per share forecast missed the average analyst estimate. The company also withdrew its full-year sales and earnings guidance, citing heightened macroeconomic and geopolitical uncertainty.
- Intuit (INTU) shares are higher in extended trading, after the tax-preparation software company reported third-quarter results that beat expectations and raised its full-year forecast.
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Nuclear Stocks Surge; Intuit Earnings Pop; Deckers Pulls Guidance
On this episode of Stock Movers:
- Oklo (OKLO) is higher along with other nuclear power stocks after Reuters reported that President Donald Trump will sign executive orders that aim to jumpstart the industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains.
- Intuit (INTU) shares are higher in extended trading, after the tax-preparation software company reported third-quarter results that beat expectations and raised its full-year forecast.
- Deckers (DECK) shares are declining after the maker of Hoka running shoes and UGG boots provided a disappointing fiscal 1Q forecast. Management also declined to provide full-year guidance due to macro uncertainty related to evolving global trade policies.
- Ross Stores (ROST) is down this morning after the retailer’s second-quarter earnings per share forecast missed the average analyst estimate. The company also withdrew its full-year sales and earnings guidance, citing heightened macroeconomic and geopolitical uncertainty.
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AJ Bell Profits Soar, Games Workshop Down, Hexagon Mulls Sale
On this episode of Stock Movers:
- AJ Bell shares jump as much as 10%, the most in a year, after the investment platform beat expectations in the first half and said annual results should come in above guidance. Shares are now trading at their highest level since December.
- Games Workshop shares fall as much as 4.1%, slipping further from a recent record high, after the maker of the Warhammer tabletop game gave a trading update, with analysts pointing to a sparser games release slate for next year and several headwinds, including tariffs.
- Hexagon AB is considering a multibillion-dollar sale of its computer-aided engineering simulation software business, people familiar with the matter said, as part of the Swedish firm’s efforts to streamline its operations.
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Hinge Health Climbs, MNTN Rises, United Airlines Outlook
On this episode of Stock Movers:
- Hinge Health (HNGE) shares rose 17% after the digital physical therapy provider and a group of investors raised $437 million in an initial public offering priced at the top of a marketed range. Shares in the San Francisco-based company closed at $37.56 each on Thursday in New York, versus the IPO price of $32 apiece. The level at the close gives Hinge Health a market value of about $2.9 billion based on the outstanding shares listed in its filings, not including preferred stock that could convert to common shares. It has a fully diluted value of about $3.4 billion when taking employee options and restricted share units into account.
- MNTN Inc. (MNTN) shares climbed 65% after the company and some of its shareholders raised $187 million in an initial public offering. Shares in the Austin-based company closed at $26.36 each on Thursday in New York, above the IPO price of $16 per share, the top of the marketed range. Trading was briefly halted for volatility after the open. The trading gives MNTN a market value of $2 billion based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, the company has a fully diluted value of about $2.7 billion.
- United Airlines (UAL) shares are up after Chief Executive Officer Scott Kirby told shareholders that the carrier is seeing “at least a stable revenue and booking environment” heading into the Memorial Day weekend and start of the summer travel season. Kirby’s comments at the airline’s annual shareholder meeting excluded the impact of flight disruptions and air traffic control problems at the airline’s hub in Newark.
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Closing Bell: Palantir Rises, Advance Auto, Urban Outfitters Both Soar on Results
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- Palantir (PLTR) shares were higher on reports it got a boost to an existing defense contract the AI firm already has with the US government.
- Advance Auto Parts (AAP) shares soared as high as 44%, a record intraday gain after the auto-parts retailer reported comparable sales that fell less than expected in the first quarter.
- Urban Outfitters (URBN) saw shares rise over 20% in trading, marking its biggest intraday rise since November of 2020 after the apparel retailer reported net sales for the first quarter that beat the average analyst estimate.
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Sunrun Drops, Hims & Hers Slumps, Williams-Sonoma Falls on Guidance Concerns
On this episode of Stock Movers:
- Sunrun (RUN) shares drop. Investors of clean-power stocks are running for the exits after a massive tax and spending bill that would gut former President Joe Biden’s landmark climate law narrowly passed the House of Representatives.
- Hims & Hers (HIMS) slump after Cigna said its drug benefit unit will cap out-of-pocket costs for weight-loss drugs at $200 a month for patients — posing a cheaper cash-pay alternative to the telehealth’s offerings.
- Williams-Sonoma (WSM) shares slump as Wall Street questioned the home furnishing retailer’s reaffirmed full-year net revenue guidance given its significant first-quarter beat. Bloomberg Intelligence considers the outlook to be conservative, while Evercore says it suggests the quarter benefitted from pre-buys ahead of tariffs.
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TD Bank Rises, Snowflake Gains, Galaxy Digital Gains After Bitcoin Hits High
On this episode of Stock Movers:
- TD Bank (TD US) shares rise after the firm announced plans to cut its workforce by about 2% as part of a new restructuring plan it initiated in 2Q. It's designed to reduce its cost base and achieve greater efficiency.
- Snowflake (SNOW) shares gain after the software developer forecasted product revenue for the second quarter above the average analyst estimate. That bump, comes despite an uncertain economic environment.
- Galaxy Digital (GLXY) shares rise gained after Bitcoin hit an all-time high. The world’s largest cryptocurrency reached a record price of $111,878 on Thursday amid growing optimism around the US stablecoin bill.
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Snowflake Outlook; AT&T Acquisition; Urban Outfitters
On this episode of Stock Movers:
- Snowflake (SNOW) shares are higher after giving a strong outlook for quarterly sales, with product revenue expected to increase about 25% to as much as $1.04 billion in the quarter ending in July. The company raised its full-year forecast for product revenue to about $4.33 billion, despite an uncertain economic environment, and its shares gained 9.9% in premarket trading.
- Urban Outfitters (URBN) jumped after the apparel retailer reported net sales for the first quarter that beat the average analyst estimate. Analysts note strength in its namesake UO brand and are positive about the retailer’s margin expansion. Analysts note strength in its namesake UO brand and are positive about the retailer’s margin expansion.
- AT&T (T) shares are on the move this morning on news it agreed to buy the consumer fiber operations of Lumen Technologies Inc. for $5.75 billion, expanding its fast broadband service in major cities. The deal is subject to regulatory approval and is expected to close in the first half of next year, helping AT&T reach its goal of putting its fiber-optic lines within reach of 60 million locations by 2030.
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EasyJet Profits Soar, Manchester United Losses, BT Flat
On this episode of Stock Movers:
- EasyJet said efforts to renew its fleet are being held back by a slow delivery pace of new aircraft as manufacturers continue to face challenges with their supply chain.
- Shares in Manchester United slipped 6.1% in extended trading following the high-stakes game in Bilbao, Spain last night. Tottenham won the game 1-0, meaning Manchester United will not qualify for any European competition next season — which is likely to affect income streams negatively
- BT said earnings this year will be little changed, in line with analysts’ estimates, as the UK telecommunications company faces increasing competition in its home market.
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Lowe's Slips After Beat, Moderna Falls, VF Corp Slides
On this episode of Stock Movers:
- Lowes (LOW) shares slipped even though comparable sales beat expectations during the latest quarter, as shoppers maintained home spending despite weakening consumer sentiment and economic turbulence. The home-improvement retailer said its comparable sales dipped 1.7% in the quarter that ended May 2, but it still expects the key sales metric to be flat to up to 1% in the current year. The comparable sales decrease came amid poor weather in February, along with continued pressure on the retailer’s higher-cost discretionary sales and do-it-yourself business, Chief Executive Officer Marvin Ellison said on the company’s earnings call. The decrease was offset in part by growth in online sales and the firm’s Pro business, which caters to home-improvement contractors.
- Moderna (MRNA) slumped after the biotechnology company said it has “voluntarily” withdrawn its application for regulatory approval for its combination Covid and flu shot for people 50 and over, a setback for the company. Moderna said it made the decision after consulting with the Food and Drug Administration. It plans to resubmit the application later this year after getting more data from a late-stage trial of its standalone flu vaccine, it said in a statement Wednesday. The move is a disruption to Moderna’s broader strategy to boost vaccine demand. It developed the combination shot because it believes that packaging two immunizations together will lead to higher uptake of Covid shots, which are far less popular than flu shots.
- VF Corp. (VFC) shares fell after forecasting a bigger-than-expected loss and warning investors it’s been rushing products to the US to beat the 90-day window of tariff pauses from the Trump administration. The owner of brands such as Timberland and Vans sees an operating loss of as much as $125 million for this quarter. Analysts on average expected a loss of $73.1 million. The company said it’s been accelerating production and shipments to the US during the pause on tariffs, which ends in July. That could increase costs even more for VF and the retailers that buy its products.
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Closing Bell: Alphabet Gains, Apple Slides, Target Under Pressure
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- Alphabet (GOOGL) shares gained after the company said it will offer “AI mode” in search to all US users, showing its commitment to redesigning its core business to keep pace with new rivals in the artificial intelligence age. “We want to get our best models into your hands,” Chief Executive Officer Sundar Pichai said Tuesday at the company’s developer conference in Mountain View, California. “So we are shipping faster than ever.” Alphabet’s stock rose much as 5.6% on Wednesday after some analysts expressed confidence that the company can reorient its search product.
- Apple (AAPL) shares slumped on the news that OpenAI will acquire an AI device startup co-founded by former Apple veteran Jony Ive in a nearly $6.5 billion all-stock deal, joining forces with the legendary designer to make a push into hardware. The purchase — the largest in OpenAI’s history — will provide the company with a dedicated unit for developing AI-powered devices. Acquiring the secretive startup, named io, also will secure the services of Ive and other former Apple designers who were behind iconic products such as the iPhone. For the British-born designer, the move marks a high-profile return to a consumer technology industry he helped pioneer. Working for years alongside Steve Jobs, he crafted the look and feel of the modern smartphone, in addition to the iPod, iPad and Apple Watch. He left Apple in 2019.
- Target (TGT) shares fell today after it cut its sales forecast following a sharp pullback in consumer spending and a hit from tariffs and boycotts. The report raised questions over CEO Brian Cornell’s ability to recapture growth after two years of choppy results — especially as economic turbulence is growing. “It’s a great brand. It’s actually a great company. It just looks to us like it needs a new leadership,” said Bill Smead, chief investment officer of Smead Capital Management, which has owned the stock since 2017.Target’s current management has struggled to navigate through cultural and political landscapes, Smead said, referring to the backlash around its Pride collection in 2023 and boycott calls after the company decided to halt diversity initiatives this year.
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UnitedHealth Sinks, Canada Goose Soars, Target Misses
On this episode of Stock Movers:
- UnitedHealth (UNH) shares plunged today after the Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents. Nursing home residents who needed immediate hospital care under the program failed to receive it, after interventions from UnitedHealth staffers, the Guardian reported. In the report, UnitedHealth told the Guardian that the suggestion that its employees have prevented hospital transfers “is verifiably false” and that its bonus payments to nursing homes help prevent unnecessary hospitalizations.
- Canada Goose (GOOS) shares are up after the outerwear maker reported fiscal fourth quarter revenue and adjusted earnings per share that beat analyst estimates. The company said it would not provide an outlook for fiscal 2026, citing “ongoing macroeconomic uncertainty and dynamic consumer spending patterns brought on by the unpredictable global trade environment.”
- Target (TGT) shares fell as the company missed its first quarter revenue estimates. Now the pressure is growing on Target's chief executive officer after the retailer cut its sales forecast following a sharp pullback in consumer spending and a hit from tariffs and boycotts. The report sent shares falling and raised questions over Brian Cornell’s ability to recapture growth after two years of choppy results — especially as economic turbulence is growing. “It’s a great brand. It’s actually a great company. It just looks to us like it needs a new leadership,” said Bill Smead, chief investment officer of Smead Capital Management, which has owned the stock since 2017.
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Target Falls, Palo Alto Networks Drops, Take-Two Interactive Lower on Stock Sale Plan
On this episode of Stock Movers:
- Target (TGT) shares fall after the company cut its sales forecast due to a sharp pullback in spending, tariffs, boycotts, and consumer confidence, with net sales expected to decline by a low single digit this year.
- Palo Alto Networks (PANW) shares drop after the infrastructure software company reported its fiscal third-quarter results and gave an outlook that failed to fully ease growth concerns. However, analysts remain broadly positive on its long-term potential.
- Take-Two Interactive (TTWO) shares are lower after the company announced plans to sell $1 billion of new stock to investors. The New York-based video-game maker plans to use the proceeds for general corporate purposes, including repayment of debt and future acquisitions, according to a statement Tuesday. The company declined to comment further on the sale.
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UnitedHealth Sinks, Canada Goose Jumps, Lowe's Rises on Sales Beat
On this episode of Stock Movers:
- UnitedHealth (UNH) shares sink after the Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents. Nursing home residents who needed immediate hospital care under the program failed to receive it, after interventions from UnitedHealth staffers, the Guardian reported.
- Canada Goose (GOOS) shares jump after the outerwear maker reported fiscal fourth quarter revenue and adjusted earnings per share that beat analyst estimates. The company said it would not provide an outlook for fiscal 2026, citing “ongoing macroeconomic uncertainty and dynamic consumer spending patterns brought on by the unpredictable global trade environment.”
- Lowe's (LOW) shares rise after comparable sales beat expectations in the latest quarter, despite a 1.7% dip. The results suggest that US consumers have maintained home spending despite economic turbulence, with many deferring big projects due to high interest rates but pursuing smaller ones.
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Target's Weak Outlook; TXJ Miss; UnitedHealth Drops
On this episode of Stock Movers:
- Target (TGT) shares are lower this morning after the company cut its sales forecast due to a weaker-than-expected quarter, with comparable sales dropping 3.8% and net sales expected to decline by a low single digit this year. he company is taking steps to drive traffic back into its stores and website, including management reshuffles, a new "multiyear acceleration office", and a focus on offering new items and key products at a good value.
- Lowe's (LOW) moved upwards this morning after comparable sales beat expectations in the latest quarter, despite a 1.7% dip, and the company expects the key sales metric to be flat to up 1% this year. The results suggest that US consumers have maintained home spending despite economic turbulence, with many deferring big projects due to high interest rates but pursuing smaller ones.
- TJX (TJX), the parent of T.J. Maxx and other retailers, saw shares fa;; after the company's guidance missed average analyst estimates for the second quarter. It posted a profit of $1.04 billion for fiscal first quarter, which is down slightly from $1.07 billion in the same quarter last year.
- UnitedHealth Group (UNH) is on the downswing today amid another bad press report. The Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents.
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Target's Weak Outlook; Lowe's Pops; UNH Nursing Home Report
On this episode of Stock Movers:
- Target (TGT) shares are lower this morning after the company cut its sales forecast due to a weaker-than-expected quarter, with comparable sales dropping 3.8% and net sales expected to decline by a low single digit this year. he company is taking steps to drive traffic back into its stores and website, including management reshuffles, a new "multiyear acceleration office", and a focus on offering new items and key products at a good value.
- Lowe's (LOW) moved upwards this morning after comparable sales beat expectations in the latest quarter, despite a 1.7% dip, and the company expects the key sales metric to be flat to up 1% this year. The results suggest that US consumers have maintained home spending despite economic turbulence, with many deferring big projects due to high interest rates but pursuing smaller ones.
- Home Depot (HD) is following Lowe's higher as earnings from the rival DIY retailer drive the sector higher. President Trump's tariffs are expected to create challenges for the sector, with prices of goods expected to rise, and the home category is especially vulnerable to tariffs due to overseas sourcing and discretionary demand.
- UnitedHealth Group (UNH) is on the downswing today amid another bad press report. The Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents.
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M&S £300 Million Hit, JD Sports Slumps, UK Housebuilders Lower
On this episode of Stock Movers:
- JD Sports shares slide as much as 13%, the most since January, after the British sports retailer said like-for-like sales fell 2% in its fiscal 1Q, driven by a decline in North America
- Marks & Spencer is facing a £300 million ($403 million) hit to operating profit this fiscal year from a cyberattack that’s still disrupting the company’s sales and operations.
- UK stocks including housebuilders: Persimmon, Taylor Wimpey, Barratt Redrow, Berkeley Group, Bellway and Crest Nicholson are in focus today after inflation rose to its highest rate in more than a year, pushing FTSE 100 futures lower.
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Airbnb Falls, Moderna Rises, Amer Sports Hits Record High
On this episode of Stock Movers:
- Airbnb (ABNB) shares fell after a New York Times article said that the Spanish government ordered the company to remove almost 66,000 listings from its platform. The move widens a “crackdown on tourist rentals as it seeks to alleviate a housing crisis that has become among the worst in Europe,” the New York Times said. Airbnb said in a statement that it would continue to appeal all decisions linked to the case, according to the article; a company spokesperson said the listings would be kept up until the appeal made its way through the courts
- Moderna (MRNA) stock rose on news that US regulators will no longer approve Covid booster shots for healthy adults and children without new studies. The new rule adds a costly requirement for drugmakers, though boosters will still be available for millions of high-risk Americans. Food and Drug Administration Commissioner Marty Makary and Vinay Prasad, who leads the agency’s vaccine division, outlined the approach they intend to take with updated versions of the immunizations in an article published Tuesday in the New England Journal of Medicine. The agency’s willingness to continue making the shots available for high-risk people with a wide range of health conditions was a relief to the industry, which feared a wave of restrictions from President Donald Trump’s political appointees who questioned the vaccines. Investors were buoyed as the new policy doesn’t require the costly trials for older adults who are more likely to get vaccinated.
- Amer Sports (AS) shares hit a record high as the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year and reported first-quarter results that topped expectations.
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D-Wave Quantum Shares Soar, Victoria's Secret 'Poison Pill', Amer Sports Climbs
On this episode of Stock Movers:
- D-Wave Quantum (QBTS) shares are soaring as the company released its latest quantum computing system. The quantum computer is known as Advantage 2. The company said that this new type of computer can solve complex problems beyond the reach of classical computers.
- Victoria's Secret (VSCO) shares are up as the company announced a shareholder rights plan after an investor began acquiring a substantial amount of stock in the lingerie retailer. BBRC International Pte Limited, an entity controlled by Brett Blundy, has increased its position to about 13% of outstanding shares and has a history of acquiring controlling interests in retailers, Victoria’s Secret said in a statement. The plan, which is often called a poison pill, will issue one right for each share at the close of business on May 29 and be triggered if an investor acquires 15% of outstanding common stock. It wasn’t adopted in response to a proposal to acquire control of the company, Victoria’s Secret said.
- Amer Sports (AS) shares climbed as much as 21%, the most ever, and to a record high, after the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year and reported first-quarter results that topped expectations.
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Home Depot Climbs, Pfizer Rises, Amer Sports Rallies on Earnings
On this episode of Stock Movers:
- Home Depot (HD) shares rise after the company maintained its guidance for the fiscal year despite a 0.3% drop in comparable sales, as US sales ticked up due to smaller projects. The company's CFO attributed the sales slowdown to weather conditions in February, but noted that demand improved in March and April, and has continued into the current quarter.
- Pfizer (PFE) shares rise after 3SBio agreed to grant an exclusive license to Pfizer to develop and manufacture its PD-1/VEGF bispecific antibody worldwide excluding mainland China, according to an exchange filing. 3SBio will receive an upfront payment of $1.25 billion and may receive potential payments totaling up to $4.8 billion under the license agreement.
- AMER Sports (AS) shares climb after the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year, and reported first-quarter results that topped expectations.
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Home Depot Rises, Viking Holdings Tumbles, AMER Sports Climbs on Profit Forecast
On this episode of Stock Movers:
- Home Depot (HD) shares rise after the company maintained its guidance for the fiscal year despite a 0.3% drop in comparable sales, as US sales ticked up due to smaller projects. The company's CFO attributed the sales slowdown to weather conditions in February, but noted that demand improved in March and April, and has continued into the current quarter.
- Viking Holdings (VIK) shares tumble as analysts say its 2026 bookings forecast and pricing growth trends show a deceleration from 2025. This comes even as the company’s first-quarter revenue and adjusted Ebitda were ahead of expectations.
- AMER Sports (AS) shares climb after the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year, and reported first-quarter results that topped expectations.
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Home Depot Earnings Warning; Pfizer-3SBio Deal; UnitedHealth Rebound
On this episode of Stock Movers:
- Home Depot (HD) shares have swung this morning despite reporting earnings that fell short of estimates. Home Depot's sales came in shy of expectations, with comparable sales dropping 0.3% in the three months that ended May 4. The company's CFO attributed the slowdown to weakening consumer sentiment and economic turbulence, with consumers deferring larger projects due to the rate environment.
- 3SBio (1530) shares have soared in Hong Kong after striking a licensing deal with Pfizer (PFE). Pfizer secrued exclusive global rights to 3SBio's cancer treatment candidate. It is a a licensing deal that could be worth $6.05 billion.
- UnitedHealth Group (UNH) shares are up after extending a rebound yesterday from lows last week, climbing as much as 8.3% on Monday after newly appointed CEO Stephen J Hemsley and CFO John F Rex bought about $30 million worth of the stock, according to SEC filings.
- Coinbase (COIN) is higher this morning in line with the Bitcoin trade. It comes as the US Senate overcame a procedural blockade on stablecoin legislation, paving the way for debate on the Senate floor, with a possible vote as soon as this week. The bill still faces opposition from progressive Democrats, who argue it lacks safeguards to prevent stablecoins from endangering the financial system and allowing criminals to exploit them.
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Home Depot Post-Earnings; Nvidia Dips; Coinbase's Crypto Pop
On this episode of Stock Movers:
- Home Depot (HD) shares are rising this morning despite reporting earnings that fell short of estimates. Home Depot's sales came in shy of expectations, with comparable sales dropping 0.3% in the three months that ended May 4. The company's CFO attributed the slowdown to weakening consumer sentiment and economic turbulence, with consumers deferring larger projects due to the rate environment.
- Lowe's (LOW) shares are sinking today as it readies to release its earnings. It comes as Home Depot warns of price pressure amid high rates and tariffs affecting DIY projects.
- Nvidia (NVDA) is lower this morning as investors digest CEO Jensen Huang's comments that the chip maker is opening its AI server platform to rival chipmakers. In addition to that, Huang is saying the US government's decision to limit sales to Chinese customers would hurt revenue.
- Coinbase (COIN) is higher this morning in line with the Bitcoin trade. It comes as the US Senate overcame a procedural blockade on stablecoin legislation, paving the way for debate on the Senate floor, with a possible vote as soon as this week. The bill still faces opposition from progressive Democrats, who argue it lacks safeguards to prevent stablecoins from endangering the financial system and allowing criminals to exploit them.
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Equinor Up, Rheinmetall In Focus, Greggs Bakes in Gains
On this episode of Stock Movers:
- European wind stocks rose after the Trump administration lifted an order that halted construction on Equinor’s $5 billion project off the coast of New York.
- European defense stocks could be in focus again on Tuesday after President Donald Trump said that Moscow and Kyiv would begin talks “immediately” on ending the war.
- Greggs shares rose as much as 8.8% to a three-month high after the UK food-on-the-go retailer gave a trading update in which it said it is seeing an improved performance, and kept its expectations for the year unchanged. Analysts were positive that the sausage-roll and sandwich seller is seeing growth in like-for-like sales, with trends encouraging.
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23andMe Sells Gene-Testing Business, Reddit Downgrade, Royal Caribbean Upgrade
On this episode of Stock Movers:
- 23andMe (MEHCQ) shares are up as the bankrupt genetic-testing firm agreed to sell its data bank, which once contained DNA samples from about 15 million people, to the drug developer Regeneron Pharmaceuticals for $256 million. The sale comes after a wave of customers and government officials demanded that 23andMe protect the genetic data it had built up over the years by collecting saliva samples from customers. Regeneron pledged to comply with 23andMe’s privacy policy, which allows customers to have their personal information deleted upon request.
- Reddit (RDDT) shares are down after the web forum operator is downgraded to equal-weight from overweight at Wells Fargo, with analysts saying that recent user disruptions are likely to be more permanent as Google “more aggressively” implements AI features in search. Wells Fargo analysts say change in search user behavior is accelerating with Google likely to integrate full AI search capabilities soon
- Royal Caribbean Cruises Ltd. (RCL) shares are down. However, the company regained its investment-grade status on Monday after Moody’s Ratings upgraded the global cruise operator’s credit rating on a strong demand outlook and better credit metrics. Moody’s upgraded the cruise line one notch to Baa3, its lowest high-grade rating, from Ba1, its highest junk grade, according to a Monday statement. The action follows a similar move from S&P Global Ratings, which in February elevated Royal Caribbean to its lowest rung of investment-grade status.
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Closing Bell: Novavax Soars, Paramount Rises, Shake Shack Falls
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- Novavax (NVAX) shares jumped as US regulators fully approved its Covid vaccine, easing investors’ concerns after the clearance was delayed and US Health and Human Services Secretary Robert F. Kennedy Jr. raised doubts about its efficacy. The US Food and Drug Administration cleared the shot for adults 65 and older and those ages 12 to 64 who have at least one underlying condition that puts them at high risk if they get the virus. The approval is a positive sign for other vaccine makers. It’s been unclear how their shots will fare under the leadership of Kennedy, a longtime vaccine critic.
- Paramount Group (PGRE) shares soared in trading today, in part on the word that the company's board is initiative a review and evaluation of strategic alternatives and named a new CFO.
- Shake Shack (SHAK) shares slumped today after TD Cowen cut the recommendation on the burger fast food chain to hold from buy, citing an already high valuation amid a challenging consumer spending backdrop. “SHAK now trades in excess of the 3Y avg FY2 EV/EBITDA, leading us to believe the challenged restaurant spending backdrop limits further multiple expansion, particularly in the crowded burger category where the concept lacks category leadership,” analyst Andrew Charles wrote in a note.
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Walmart Drops, Netflix Falls, Reddit Drops After Downgrade
On this episode of Stock Movers:
- Walmart shares drop on the heals of a US credit downgrade from Moody’s, as President Donald Trump tells the retailer to “eat the tariffs.” Trump’s comments on Saturday are in response to Walmart’s statement on May 15 that tariffs and increasing economic turbulence means the world’s largest retailer will have to raise prices.
- Netflix shares fall after the company is downgraded to neutral from overweight at JPMorgan, with analysts citing a more balanced risk-reward in the streaming service provider’s shares following their outperformance.
- Reddit shares are after the web forum operator is downgraded to equal-weight from overweight at Wells Fargo, with analysts saying that recent user disruptions are likely to be more permanent as Google “more aggressively” implements AI features in search.
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Alibaba ADRs Fall, Novavax Rallies, Reddit Drops After Downgrade
On this episode of Stock Movers:
Alibaba ADRs (BABA) shares fall following Hong Kong shares lower, after the New York Times reported that the Trump administration has raised concerns over Apple’s potential deal with the Chinese tech giant.
Novavax (NVAX) shares rally after the US FDA approved the drugmaker’s Covid-19 vaccine for adults 65 years and older as well as those aged 12 to 64 years who have at least one medical condition that puts them at a higher risk of severe illness from Covid.
Reddit (RDDT) shares are after the web forum operator is downgraded to equal-weight from overweight at Wells Fargo, with analysts saying that recent user disruptions are likely to be more permanent as Google “more aggressively” implements AI features in search.
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Nvidia Expansion Weighs on Stocks; Walmart Drops; Diageo's Tariff Hit
On this episode of Stock Movers:
- Walmart (WMT) is ticking lower this morning as the retail giant warns of higher prices from tariffs. President Trump told Walmart to stop blaming tariffs for raising prices, citing the company's billions of dollars in profits last year. CFO John David Rainey said price increases will happen in May.
- Nvidia (NVDA) shares are tumbling this morning as CEO Jensen Huang outlined plans to let customers deploy rivals’ chips in data centers built around its technology, a move that acknowledges the growth of in-house semiconductor development by major clients from Microsoft and Amazon. The announcement, made at Computex in Taiwan, is significant for the company, but the broader market decline overshadowed the news.
- Home Depot (HD) shares are lower this morning as they are expected to report shrinking same-store sales due to tariff-fueled economic anxiety and consumer pullback, similar to earnings from Target, also set for this week. Still, Evercore ISI is adding Home Depot to the firm's "Tactical Outperform List" ahead of the company's Q1 earnings report.
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Nvidia Expansion Weighs on Stocks; Walmart Drops; Diageo's Tariff Hit
On this episode of Stock Movers:
- Nvidia (NVDA) shares are tumbling this morning as CEO Jensen Huang outlined plans to let customers deploy rivals’ chips in data centers built around its technology, a move that acknowledges the growth of in-house semiconductor development by major clients from Microsoft and Amazon. The announcement, made at Computex in Taiwan, is significant for the company, but the broader market decline overshadowed the news.
- Walmart (WMT) is ticking lower this morning as the retail giant warns of higher prices from tariffs. President Trump told Walmart to stop blaming tariffs for raising prices, citing the company's billions of dollars in profits last year. CFO John David Rainey said price increases will happen in May.
- Diageo (DEO) shares are down in the premarket, citing a hit to its bottom line due to tariffs, but is reassuring investors that cost cuts could offset the damage. Diageo will cut costs by $500 million over three years to mitigate the impact of US trade tariffs, which will add $150 million in annual costs.
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Ryanair Up, Diageo's Tariff Losses, Roche Up
On this episode of Stock Movers:
- Ryanair signaled robust demand for travel this summer, with fares rising and Europeans sticking close to home for their holidays.
- Diageo expects sales growth to improve in the second half of the year and set out a cost-cutting program, as the British distiller grapples with US tariffs on its shipments from the UK and Europe.
- Shares in drug companies Roche and BioArctic may be active in Monday trading after US drug regulators approved the first blood test to help diagnose Alzheimer’s disease, potentially making it easier to find and treat patients.
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UnitedHealth Plummets, First Solar Rises, Super Micro Surges
- UnitedHealth Group Inc. (UNH) plummeted as much as 18% following a report that the insurer was under criminal investigation for possible Medicare fraud, adding to an already tumultuous week. The Justice Department has had a probe into the company’s Medicare Advantage business since at least last summer, the Wall Street Journal reported, citing unidentified people familiar with the matter. UnitedHealth shares dropped every day for the last eight trading sessions, including sinking more than 17% Tuesday when the company abruptly replaced its chief executive officer and suspended 2025 guidance. It has lost more than $110 billion in market value this week.
- Legislation that House Republicans call "one big, beautiful bill" would extend Inflation Reduction Act Section 45X credits to 2031 and tweak section 45Z. First Solar shares have surged about 30% since the bill's introduction, as it alleviates fears that the IRA would be fully repealed as some Republican lawmakers had called for. Should the 45X provision that was included in IRA be reversed, First Solar's gross margin would drop to about 25% vs. about 44% in 2024, based analysis from Bloomberg Intelligence, with peers facing similar pullbacks.
- Super Micro Computer shares jumped after Saudi Arabia-based data center company DataVolt signed a multi-year partnership agreement with the beleaguered US server company. The stock has rallied more than 40% this week, notching the best week since November. The agreement should “fast-track delivery of ultra-dense GPU platforms and rack systems for DataVolt’s hyperscale AI campuses in the Kingdom of Saudi Arabia and the US,” the company said in a statement on Tuesday.
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Closing Bell: CoreWeave Jumps to Record, Hershey Falls, Cava Slides
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Tim Stenovec and Emily Graffeo.
- CoreWeave (CRWV) shares surged 22% to a record high on Friday after Nvidia reported a larger-than-anticipated stake in the cloud-computing provider.Nvidia, the world’s most valuable chipmaker, disclosed a holding of 24.18 million shares, or about 7% of outstanding stock, as of March 31. That stake, included in a 13G filing on Thursday, compared with a 5.2% figure in CoreWeave’s prospectus. The amount shows how Nvidia supported CoreWeave’s late-March initial public offering, acquiring about 6 million shares to add to its existing holding. A representative for Santa Clara, California-based Nvidia declined to comment.
- Hershey (HSY) shares fell along with other confectionery companies like Mondelez as cocoa prices, a core ingredient in chocolate candy, surge to a three-month high on renewed supply fears as shipments from top grower Ivory Coast slow and dry weather threatens next season’s output. Despite recent rains in West Africa, drought still covers more than a third of Ghana and Ivory Coast, according to the African Flood and Drought Monitor. Wetter weather forecast for next week could bring some relief to both countries, but isn’t expected to eliminate the unusually dry conditions.
- Cava (CAVA) fell as much as 5.8% after the fast-casual chain reported first-quarter results and updated its outlook. Analysts say that while Cava’s report was positive relative to peers, the Mediterranean dining establishment needed stronger results to justify its premium valuation. Fast-food chains such as McDonald’s and Wendy’s have also said weaker consumer sentiment hurt results in their latest quarters.
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Cava Slips, Coinbase Bounces Back, Applied Materials Shares Fall
On this episode of Stock Movers:
- Cava (CAVA) fell as much as 5.8% after the fast-casual chain reported first-quarter results and updated its outlook. Analysts say that while Cava’s report was positive relative to peers, the Mediterranean dining establishment needed stronger results to justify its premium valuation. Fast-food chains such as McDonald’s and Wendy’s have also said weaker consumer sentiment hurt results in their latest quarters.
- Coinbase (COIN) shares bounced back, showing resiliency after a series of negative headlines. Shares of Coinbase are up more than 30% over the last five sessions, on track for the biggest weekly gain since President Donald Trump’s reelection, buoyed by an announcement Monday that the stock would replace Discover Financial Services in the index. It was a triumphant moment for the digital asset industry, as well as a stamp of approval for Coinbase itself. But Thursday’s revelation of a hack expected to cost the company $400 million and confirmation of reports that US regulators were investigating user figures marred Coinbase’s victory lap, denting an otherwise exuberant runup with a 7.2% drop in the stock.
- Applied Materials (AMAT) shares fell as much as 7.3% after the chip-equipment maker gave a lackluster forecast for the current period, highlighting the potential cost of the US trade dispute with China. Sales will be about $7.2 billion in the fiscal third quarter, plus or minus $500 million, the company said in a statement Thursday. That was roughly in line with Wall Street estimates, though some analysts projected as much as $7.4 billion. Profit will be approximately $2.35 a share. Applied Materials, the largest American maker of chipmaking gear, is adjusting to restrictions on sales to China, one of the biggest markets for their products. The impact of tariffs imposed by Washington also are making it more difficult to project future revenue.
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Nvidia Rallies, Estee Lauder Rises, Charter Up after Cox Deal
On this episode of Stock Movers:
- Nvidia shares rise and are on track for the best month in a year after a series of long-term sales agreements during President Donald Trump’s trip to the Middle East.Nvidia reports first week of June, but this past earnings season showed its biggest customers remain full-steam ahead on capital spending related to AI infrastructure
- Estee Lauder shares rise after Michael Burry's Scion Asset Management doubled its position in the beauty company.Bloomberg Intelligence's Deborah Aitken said 3Q showed patches of promise, led by some share recovery in the US, China and Japan.
- Charter Communications shares rise after it agreed to combine with Cox Communications in a cash-and-stock deal valued at about $34.5 billion that includes debt.The deal includes about $12.6 billion of net debt and $21.9 billion in equity.
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Charter-Cox Merger; Vistra Plant Purchase; Applied Materials Slides
On this episode of Stock Movers:
- Charter Communications (CHTR) is higher this morning after agreeing to merge with Cox Communications in a deal that values Cox at an enterprise value of about $34.5 billion. The deal comprised of $21.9 billion of equity and $12.6 billion of net debt and other obligations
- Vistra (VST) is also up this morning on an M&A deal. It agreed to buy seven natural gas-fired power plants for $1.9 billion to feed the growing demand for electricity from artificial intelligence. The acquisition is part of a trend of power generators buying gas-fired plants to meet the anticipated demand from energy-intensive data centers running AI applications.
- Applied Materials (AMAT) is lower this morning after forecasting sales of about $7.2 billion in the fiscal third quarter, with a profit of approximately $2.35 a share. The company is adjusting to restrictions on sales to China, one of its biggest markets, and the impact of US tariffs, which is making it harder to project future revenue. Despite uncertainty, Applied Materials' management believes the industry is in a historic period of expansion, driven by the rapid spread of semiconductors and the AI boom.
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Charter Communications and Vistra Pop on M&A; Applied Materials Drops
On this episode of Stock Movers:
- Charter Communications (CHTR) is higher this morning after agreeing to merge with Cox Communications in a deal that values Cox at an enterprise value of about $34.5 billion. The deal comprised of $21.9 billion of equity and $12.6 billion of net debt and other obligations
- Vistra (VST) is also up this morning on an M&A deal. It agreed to buy seven natural gas-fired power plants for $1.9 billion to feed the growing demand for electricity from artificial intelligence. The acquisition is part of a trend of power generators buying gas-fired plants to meet the anticipated demand from energy-intensive data centers running AI applications.
- Applied Materials (AMAT) is lower this morning after forecasting sales of about $7.2 billion in the fiscal third quarter, with a profit of approximately $2.35 a share. The company is adjusting to restrictions on sales to China, one of its biggest markets, and the impact of US tariffs, which is making it harder to project future revenue. Despite uncertainty, Applied Materials' management believes the industry is in a historic period of expansion, driven by the rapid spread of semiconductors and the AI boom.
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Foot Locker Surges After Dick's Deal, CoreWeave Slips, Steris Stock Up
On this episode of Stock Movers:
- Foot Locker (FL) shares surged as much as 85%, the biggest intraday gain on record, after Dick’s Sporting Goods (DKS) agreed to buy the sneaker retailer for $2.4 billion. Citi said positives of the tie up seemed clear, but noted there may be some regulatory hurdles. Meanwhile, Baird viewed the acquisition as a “major endorsement” of Nike’s turnaround.
- CoreWeave (CRWV) shares slipped in after hours trading. The company, however, has secured a deal worth as much as $4 billion to provide additional cloud computing capacity to artificial intelligence leader OpenAI, expanding a tie-up between the two firms. The data center builder said in a filing Thursday that OpenAI will pay the sum through 2029. CoreWeave had disclosed a $4 billion deal on its earnings call late Wednesday but did not name the party, beyond describing it as an enterprise AI company.
- Steris (STE) shares are up after the provider of infection prevention products reported life sciences revenue for the fourth quarter that beat the average analyst estimate.“FY25 operating margin and earnings finish on a high note,” Piper Sandler analysts including Jason Bednar wrote in a note. Solid, balanced revenue performance, margin and EPS upside is impressive and FY26 guidance bracketing Street is a nice starting point considering tariff absorption; shares should trade higher.
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Closing Bell: Foot Locker Higher, Meta Delays AI Model, Coinbase Tumbles
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Tim Stenovec and Emily Graffeo.
- Foot Locker (FL) shares closed higher as investors celebrate Dick's Sports Goods reaching a deal to acquire it. Dick’s will pay $24 a share for Foot Locker, reflecting a premium of 86.5% on the closing share price on Wednesday, before news of the deal emerged. Shareholders in Foot Locker can also elect to receive Dick’s shares instead of cash.
- Meta (META) shares declined on a report that the social networking company is delaying a flagship artificial intelligence model, sparking concerns about its AI push.Meta engineers are having trouble improving the capabilities of the software — a large language model known as “Behemoth” — the Wall Street Journal reported on Thursday. Behemoth’s release, already delayed until June, has now been postponed until fall or later, the newspaper said.
- Coinbase (COIN) shares dropped on series of headlines that have investors concerned. The New York Times reported the SEC is probing whether the crypto exchange misstated user numbers. We also learned that hackers had near-constant access to some of Coinbase’s most valuable customer data since January, according to a person familiar with the incident who asked not to be named discussing company matters. The largest US crypto exchange disclosed earlier on Thursday that hackers bribed customer representatives to steal the data and then demanded a $20 million ransom to delete it. Coinbase began noticing unusual activity from some of these representatives in January, the company confirmed in an interview with Bloomberg News.
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Dividend Stocks Outperform S&P 500, Walmart Falls, Deere Hits Record High
On this episode of Stock Movers:
- Dividend Paying Stocks featuring American Water Works (AWK), Procter & Gamble (P&G), and Coca-Cola (KO) are outperforming the S&P 500. This comes on the back of the manufacturing and the retail sales data released earlier today. It is also boosting the bets that there could potentially be two rate cuts from the Federal Reserve based on the swaps markets right now.
- Walmart (WMT) shares are falling. While the retail company delivered another quarter of solid sales and earnings growth, they cautioned that tariffs and increasing economic turbulence means even the world’s largest retailer expects to raise prices. Sales rose 4.5% at US Walmart stores open at least a year for the quarter ended April 30, while adjusted earnings were 61 cents a share. The results are better than what Wall Street analysts were expecting, suggesting a decision to lower prices to win market share is paying off for the chain.
- Deere & Co. (DE) shares hit a record high after earnings beat the highest of analyst estimates, even as the world’s largest farm machinery maker trimmed its profit outlook for the year due to the impact of Donald Trump’s tariffs. Investors are betting the worst is over for Deere as farm markets stabilize and frictions between China and the US over tariffs seem to be abating, paving the way for a recovery in sales next year.
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Steris Rises, Deere Surges, T-Mobile Up after Deutsche Telekom Results
On this episode of Stock Movers:
- Steris stocks rise after 4Q life sciences revenue beat average estimates. Piper Sandler analysts noted operating margin and earnings finish on a high note, the fact that its FY guidance for 2026 is bracketing Street estimates is a nice starting point considering it needed to absorb tariff impacts.
Deere shares surge to a record after earnings beat the highest of analyst estimates. It trimmed profit outlook for the year. The farm economy has been challenged as tractor sales have been trending lower since a 2023 record as falling crop prices eroded farm income. Most observers expect the market to bottom out this year, with a rebound seen for 2026.
T-Mobile shares rise after Deutsche Telekom first quarter profit topped estimates, showing resilience in its home market of Germany. The company raised its Ebitdaal forecast for the year to around €45 billion this year That reflects a similar move by T-Mobile in the US when it reported 1Q results last month .
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UnitedHealth Sinks, Cisco Rises, Walmart Falls on Tariff Caution
On this episode of Stock Movers:
- UnitedHealth shares sink after a report that the insurer was under criminal investigation for possible Medicare fraud.On Tuesday, it sank more than 17% Tuesday when the company abruptly replaced its chief executive officer and suspended 2025 guidance.
- Cisco shares rise after the company gave a revenue forecast for the quarter that looks solid and slightly exceeded analyst estimates.It got a boost from corporations and cloud computing providers expanding their networks in part to handle a surge in artificial intelligence software.
- Walmart shares fall after the company reported another quarter of solid sales and earnings growth, but cautioned on tariffs and increasing economic turbulence, and that it expects to raise prices.
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Walmart Up on Earnings; Foot Locker Deal; UNH Investigation
On this episode of Stock Movers:
- Walmart (WMT) shares are up this morning after delivering solid sales and earnings growth, but cautioned that tariffs and economic turbulence will lead to price increases starting this month. The company is bracing for a bigger hit from the trade war and overall economic malaise in the coming months, citing a "lack of clarity" in the current operating environment.
- Foot Locker (FL) rose over 80% this morning after Dick's Sporting Goods reached a $2.4 billion deal to acquire Foot Locker, with Dick's paying $24 a share for Foot Locker, an 86.5% premium on Foot Locker's closing share price. The acquisition combines two retailers affected by President Trump's tariff wars, with Dick's expecting to operate Foot Locker as a standalone business unit and maintain the Foot Locker brand. Dick's Sporting Goods sank on the news.
- UnitedHealth Group (UNH) shares are lower this morning after the Wall Street Journal reported the company is under criminal investigation for possible Medicare fraud. The Justice Department has been probing the company's Medicare Advantage business since at least last summer, but the nature of the potential criminal allegations is unclear. UnitedHealth has denied being notified about the investigation and stands by the integrity of its Medicare Advantage program.
- Cisco (CSCO) is higher this morning after the networking equipment provider boosted its full-year revenue guidance and beat the average analyst estimate. Separately, the company announced some executive changes, including the departure of Scott Herren as CFO.
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Foot Locker Soars; Boeing and Cisco to the Upside; UNH Investigation
On this episode of Stock Movers:
- Footlocker (FL) rose over 80% this morning after Dick's Sporting Goods reached a $2.4 billion deal to acquire Foot Locker, with Dick's paying $24 a share for Foot Locker, an 86.5% premium on Foot Locker's closing share price. The acquisition combines two retailers affected by President Trump's tariff wars, with Dick's expecting to operate Foot Locker as a standalone business unit and maintain the Foot Locker brand. Dick's Sporting Goods sank on the news.
- Boeing (BA) shares are up in premarket trading after landing its biggest-ever aircraft order, with Qatar Airways agreeing to buy up to 210 widebody aircraft, including 787 Dreamliners and 777X models, in a deal worth $96 billion. The deal is a major win for Boeing, Qatar Airways, and President Trump, who witnessed the signing ceremony and touted the pact as a record that would help secure jobs at home.
- Cisco (CSCO) is higher this morning after the networking equipment provider boosted its full-year revenue guidance and beat the average analyst estimate. Separately, the company announced some executive changes, including the departure of Scott Herren as CFO.
- UnitedHealth Group (UNH) shares are lower this morning after the Wall Street Journal reported the company is under criminal investigation for possible Medicare fraud. The Justice Department has been probing the company's Medicare Advantage business since at least last summer, but the nature of the potential criminal allegations is unclear. UnitedHealth has denied being notified about the investigation and stands by the integrity of its Medicare Advantage program.
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Ubisoft Down More Than 20%,, Siemens Down, JD Sports Up
On this episode of Stock Movers:
- Ubisoft shares sink as much as 23% after the video-game maker gave disappointing guidance that called for negative free cash flow, with a return to profitability seen as at least another year away.
- Siemens's shares fell after orders for its electrification products declined from elevated levels, signaling a slowdown in demand driven by the boom in data centers.
- Terminal users are searching for news about JD Sports after it was reported Dick’s Sporting Goods is in advanced talks to buy Foot Locker, whose stock had dropped 41% this year amid the back-and-forth over tariffs.
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Super Micro Extends Gains, CoreWeave Beats, Cisco Rises
On this episode of Stock Movers:
- Super Micro Computer (SMCI) shares extended their gains after Saudi Arabia-based data center company DataVolt signed a multi-year partnership agreement with the beleaguered US server company. The stock has rallied about 43% this week, on track for the best week since November. The agreement should “fast-track delivery of ultra-dense GPU platforms and rack systems for DataVolt’s hyperscale AI campuses in the Kingdom of Saudi Arabia and the US,” the company said in a statement on Tuesday.
- CoreWeave (CRWV) shares are up as their expectation-topping results in its first earnings report indicated artificial intelligence investment showed no signs of waning to start the year. The shares surged as much as 8% in post-market trading.“Demand for our platform is robust and accelerating as AI leaders seek the highly performant AI cloud infrastructure required for the most advanced applications,” Chief Executive Officer Michael Intrator said in the statement. “We are scaling as fast as possible to capture that demand.”
- Cisco (CSCO) shares rose in extended trading as the company gave a solid forecast for revenue in the current quarter, a sign the largest seller of networking gear is benefiting from demand for systems using AI technology. Sales in the period ending in July will be $14.5 billion to $14.7 billion, Cisco said in a statement Wednesday. Analysts polled by Bloomberg had predicted $14.5 billion on average. Profit, excluding some items will be as high as 98 cents a share, compared with an average analyst estimate of 95 cents.
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Closing Bell: eToro Surges, Super Micro Extends Gain, American Eagle Falls
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- EToro (ETOR) shares rose 29% in its first session as a public company, after the trading and investment platform and some of its backers raised nearly $620 million in an upsized IPO.Shares of the Israel-based firm closed at $67 on Wednesday, above the initial public offering price of $52 apiece. The trading gives EToro a market value of more than $5.5 billion, based on the outstanding shares listed in an earlier filing. EToro’s listing cements a rebound in US IPOs, as companies that put first-time share sale plans on hold amid tariff-related stock volatility resume their preparations. The company was among those delaying IPO plans after President Donald Trump’s April 2 tariff announcements.
- Super Micro (SMCI) shares rose as much as 20% in Wednesday's trade, extending Tuesday’s 16% rally, after Saudi Arabia-based data center company DataVolt signed a multi-year partnership agreement with the beleaguered US server company. The stock has rallied about 43% this week, on track for the best week since November.
- American Eagle Outfitters (AEO) pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory, sending the stock down in New York trading. In a preliminary earnings release, the apparel chain said comparable sales are expected to be down about 3% in the three-month period ended May 3. Revenue is projected to be about $1.1 billion, a decline of roughly 5% from a year earlier. The stock has declined 24% this year through Tuesday’s close and closed lower in Wednesday trading.
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American Eagle Slips, KKR Gains, Boeing Lands Major Deal
On this episode of Stock Movers:
- American Eagle (AEO) shares slip as the company pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory, sending the stock down in New York trading. In a preliminary earnings release, the apparel chain said comparable sales are expected to be down about 3% in the three-month period ended May 3. Revenue is projected to be about $1.1 billion, a decline of roughly 5% from a year earlier.
- KKR & Co. (KKR) shares rose after Morgan Stanley upgraded the private equity firm to overweight from equal-weight, recommending it as a way to play the anticipated capital markets recovery. “Leaning into risk with upgrade of KKR on the back of greater-than-expected tariff de-escalation with China, and scope for better-than-feared macro path ahead, with lower recession probability, less upward inflation pressure and reduced tail risk,” wrote Morgan Stanley analysts including Michael Cyprys.
- Boeing (BA) shares are up after the company landed its biggest-ever aircraft order, with Qatar Airways agreeing to purchase up to 210 widebody aircraft, including the 787 Dreamliner and 777X model, in a deal worth $96 billion. The deal is a major win for Boeing, Qatar Airways, and President Donald Trump, who witnessed the signing ceremony and touted the pact as a record that would help secure jobs at home. The announcement in the marble-clad halls of the Qatari Royal Court gave each of the parties in attendance a big win: Trump is on a mission to the Persian Gulf to pull in trillions of dollars of commercial accords to showcase his dealmaking chops. Qatar and its namesake airline get to cement their relationship with the US by backing the country’s biggest exporter. And Boeing walks away with an order that extends its dominance in a region that’s been a major buyer of its most expensive jets.
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Super Micro Computer Gains, AMD Rises, Aurora Innovation Falls after Uber Announcement
On this episode of Stock Movers:
- SuperMicro (SMCI) extends gains after the Saudi Arabia-based data center company DataVolt signs a multi-year partnership agreement with the beleaguered US chipmaker.
- AMD’s shares rise after the board approves a $6 billion share repurchase plan that represents 3.3 percent of the company’s current market value, according to data compiled by Bloomberg.
- Aurora Innovation (AUR) shares fall after Uber announced a $1 billion convertible offering, with the notes exchangeable into shares of Aurora.
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American Eagle Outfitters Drops, Cboe Falls, Super Micro Computer Gains on DataVolt Pact
On this episode of Stock Movers:
- American Eagle Outfitters shares fall after it pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory.
- Cboe Global Markets shares declined after Morgan Stanley double downgraded the stock, recommending lower defensives exposure on the back of greater than expected tariff de-escalation between China and the US.
- SuperMicro extends gains after Saudi Arabia-based data center company DataVolt signs a multi-year partnership agreement with the beleaguered US chipmaker.
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Deals Drive Chip Stocks; SMCI and Burberry Rally
On this episode of Stock Movers:
- Nvidia (NVDA) is higher this morning after the Trump administration cleared a path for Saudi Arabia and the United Arab Emirates to pursue their artificial intelligence ambitions, with US tech companies like Nvidia and AMD planning to spend billions of dollars in the region.
- UnitedHealth Group (UNH) is up this morning, reversing yesterday's significant downswing. It's seeing a rebound after news the company replaced its CEO, Andrew Witty, with former CEO Stephen Hemsley, and suspended earnings guidance, citing unexpected medical costs and challenges with its Medicare strategy.
- Super Micro Computer (SMCI) is on the upswing this morning following Tuesday's 16% rally, after Saudi Arabia-based data center company DataVolt signs a multi-year partnership agreement with the beleaguered US chipmaker.
- Burberry (BURBY) shares jumped as much as 16% after the British luxury group’s fourth-quarter retail sales beat estimates, sparking hopes among analysts that its strategic plan could bear fruit and the company is seeing the early signs of a turnaround. Burberry also plans to cut almost a fifth of its workforce, affecting up to 1,700 roles, to achieve an additional £60 million of savings in the next two years.
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Nvidia Jumps on Middle East Deals; UnitedHealth Rebounds; SMCI Sees Buyers
On this episode of Stock Movers:
- Nvidia (NVDA) is higher this morning after the Trump administration cleared a path for Saudi Arabia and the United Arab Emirates to pursue their artificial intelligence ambitions, with US tech companies like Nvidia and AMD planning to spend billions of dollars in the region.
- Advanced Micro Devices (AMD) is following Nvidia on news of deals in the Middle East during President Trump's visit. The deals will give Saudi Arabia and the UAE wider access to advanced AI chips, with companies like Nvidia, AMD, and Amazon investing in projects worth billions of dollars, including data centers and AI infrastructure.
- UnitedHealth Group (UNH) is up this morning, reversing yesterday's significant downswing. It's seeing a rebound after news the company replaced its CEO, Andrew Witty, with former CEO Stephen Hemsley, and suspended earnings guidance, citing unexpected medical costs and challenges with its Medicare strategy.
- Super Micro Computer (SMCI) is on the upswing this morning following Tuesday's 16% rally, after Saudi Arabia-based data center company DataVolt signs a multi-year partnership agreement with the beleaguered US chipmaker.
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Burberry Cuts, Alstom Derailed, TUI Drops
On this episode of Stock Movers:
- Burberry plans to cut almost one-fifth of its work force as its new chief executive officer tries to turn around the British trench-coat maker, after its push into high fashion flopped amid a downturn in global demand for luxury goods.
- Alstom falls as much as 17%, the most since November 2023, after the French transport system company’s latest earnings. Morgan Stanley says the quarterly print is ahead “but the softer guidance will likely be the focus,” while JPMorgan called the outlook “somewhat light.”
- TUI shares slide as much as 11%, most in three months, after the tour and travel operator signaled a negative bookings inflection for the key summer season. The group also reported a smaller-than-expected Ebit loss for 2Q and reiterated its guidance for the full year.
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Nvidia Jumps, Coinbase Soars, Super Micro Computer Surges
On this episode of Stock Movers:
- Nvidia (NVDA) shares are surging as the AI chipmaker, along with Advanced Micro Devices, will supply semiconductors to Saudi Arabian artificial intelligence company Humain for a massive data center project, acting under a Trump administration initiative that lifts restrictions on delivering advanced technology to the region. Nvidia Chief Executive Officer Jensen Huang announced the partnership on stage at the Saudi-US Investment Forum in Riyadh, the Gulf nation’s capital. The announcement came alongside US President Donald Trump’s visit to the country. Separately, AMD will provide chips and software for data centers “stretching from the Kingdom of Saudi Arabia to the United States” in a $10 billion project, according to a statement.
- Coinbase (COIN) shares jumped as much as 26% on Tuesday, the biggest intraday gain since Nov. 6 to the highest level since February after S&P Dow Jones Indices said the company will join the S&P 500 Index before trading opens May 19. The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release. The inclusion of Coinbase is viewed as a vindication by crypto faithfuls who helped President Donald Trump win the election in November.
- Super Micro Computer (SMCI) shares are trading up after Raymond James initiated coverage of the server maker's stock with an 'outperform' rating and a price target of $41.
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Closing Bell: Coinbase Rises, First Solar Soars, Hertz Tumbles
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- Coinbase (COIN) shares skyrocketed as much as 26% in trading, the biggest intraday gain since Nov. 6 to the highest level since February, after S&P Dow Jones Indices said the company will joins the S&P 500 before trading begins on May 19th. The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release. The inclusion of Coinbase is viewed as a vindication by crypto faithfuls who helped President Donald Trump win the election in November.
- First Solar (FSLR) shares soared after JPMorgan analyst Mark Strouse said the US budget reconciliation bill is better than “the more bullish end of investor expectations” for solar, wind and geothermal firms. Strouse said First Solar is the “best positioned” name to benefit from the bill, which updates provisions of the Inflation Reduction Act.
- Hertz (HTZ) shares closed lower after the car-rental company posted a larger-than-expected loss in the first quarter, pressured by a slowdown in customer bookings. Revenue fell 13% in the period, contributing to an adjusted loss of $1.12 per share, the company said in a statement late Monday. Analysts had expected a 99-cent deficit on average, according to estimates compiled by Bloomberg. The company showed declines on multiple key metrics. While forward bookings from leisure customers were up from a year ago, demand from corporate and government customers has moderated.
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UnitedHealth Replaces CEO, First Solar Jumps, Simon Property Group Declines
On this episode of Stock Movers:
- UnitedHealth (UNH) shares are down. The company unexpectedly replaced its chief executive and suspended earnings guidance, raising increasing questions over how the company once regarded as a safe bet by investors has got its cost predictions so wrong. UnitedHealth brought back Chairman and former CEO Stephen Hemsley for the top role, saying Andrew Witty has resigned “for personal reasons.” The health insurer, whose top insurance executive was murdered in New York last December, also ripped up its 2025 outlook.
- First Solar (FSLR) shares soared after JPMorgan analyst Mark Strouse said the US budget reconciliation bill is better than “the more bullish end of investor expectations” for solar, wind and geothermal firms. Strouse said First Solar is the “best positioned” name to benefit from the bill, which updates provisions of the Inflation Reduction Act.
- Simon Property Group (SPG) shares declined as much as 5.7% after the retail REIT reported first-quarter results. While the company maintained annual real estate funds from operation guidance, it expects results to “trend towards the middle of the range” due to current macro and tariff uncertainty. Citi said this could be below expectations given the strong first-quarter results.
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Coinbase Jumps, On Rises, Rigetti Falls After Sales Miss
On this episode of Stock Movers:
- Coinbase shares jump, hitting its highest level since February, after S&P Dow Jones Indices said the company will join the S&P 500 Index before trading opens May 19.
- On Holding’s shares jumped after the Swiss brand reported strong demand for its high-priced sneakers and lifted its sales growth forecast. First-quarter sales rose 40% from a year ago to 727 million Swiss francs, beating analyst expectations, with strong growth in the Americas, Asia-Pacific, and Europe, the Middle East and Africa.
- Rigetti shares tumble after the quantum computing firm’s 1Q revenue missed expectations and gross margins declined from the year earlier period.
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UnitedHealth Falls, Boeing Rises, Enphase Drops on Proposed Tax Changes
On this episode of Stock Movers:
- UnitedHealth shares fall after the company unexpectedly replaced its chief executive and brought back Chairman and former CEO Stephen Hemsley.The company suspended earnings guidance for 2025, citing higher-than-expected medical costs of many Medicare Advantage beneficiaries who are new to the company.
- Boeing shares rise after China removed a month-long ban on airlines taking delivery of Boeing planes after US-China talks over the weekend, according to sources telling Bloomberg.Around 50 Boeing jets are to be delivered to China this year, it saves the planemaker the time and cost of finding new buyers.Saudi Arabia’s sovereign wealth fund is set to order 30 737 Max jets for aircraft leasing company AviLease, according to another Bloomberg News report. That comes as President Donald Trump heads to the Middle East this week
- Enphase shares fall after analysts cited the proposed federal tax changes as a headwind for residential solar -- specifically a potential plan to eliminate credit for homeowners who take loans or pay cash for their residential solar and battery systems.
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UnitedHealth Continues Downslide; Amazon-FedEx Deal; Hertz Lower
On this episode of Stock Movers:
- UnitedHealth Group (UNH) is lower this morning after it suspended its 2025 outlook, citing higher-than-expected medical costs for new Medicare Advantage beneficiaries, and expects to return to growth in 2026. The company also named Stephen Hemsley as its new CEO, replacing Andrew Witty, effective immediately.
- Amazon (AMZN) is higher this morning after reaching a multiyear agreement with FedEx to deliver large packages for the online retailer, renewing a relationship between the two companies that ended in 2019. The deal follows plans announced in January by UPS to reduce by half the number of packages it delivers for Amazon by the end of 2026.
- FedEx (FDX) is also trending upward this morning after on the Amazon-FedEx news.
- Hertz (HTZ) fell in US premarket trading after the rental company reported a larger-than-expected loss in the first quarter. The 1Q earnings are a miss with Ebitda loss being higher than expected, write Barclays analysts Dan Levy and Josh Cho.
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UnitedHealth Falls; Chip Stocks Pop; Fedex Teams Up with Amazon
On this episode of Stock Movers:
- UnitedHealth Group (UNH) is lower this morning after it suspended its 2025 outlook, citing higher-than-expected medical costs for new Medicare Advantage beneficiaries, and expects to return to growth in 2026. The company also named Stephen Hemsley as its new CEO, replacing Andrew Witty, effective immediately.
- Advanced Micro Devices (AMD) is getting a boost with the Trump administration preparing to announce a deal that would grant Saudi Arabia more access to advanced semiconductors, allowing the country to increase its data center capacity.
- Nvidia (NVDA) is following AMD as it awaits an announcement on a chips deal. The agreement would allow Saudi Arabia to buy chips from companies like Nvidia and Advanced Micro Devices, but US officials are concerned about the potential for China to access these chips.
- FedEx (FDX) is trending higher this morning after Amazon reached a multiyear agreement with FedEx to deliver large packages for the online retailer, renewing a relationship between the two companies that ended in 2019. The deal follows plans announced in January by UPS to reduce by half the number of packages it delivers for Amazon by the end of 2026.
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Renewables Surge, Bayer Beats Estimates, Munich Re Underperforms
On this episode of Stock Movers:
- Renewable energy stocks rally in Europe on Tuesday after US House Republicans proposed a phase-out of incentives to develop clean-energy projects that was better than feared, according to analysts.
- Bayer's shares surged after its earnings beat expectations, with robust demand for its new cancer and kidney medicines helping offset a decline in agricultural sales.
- Shares in Munich Re fall as much as 5.4%, making it the worst performer on the Stoxx 600 Insurance Index, after a 1Q profit slump caused by the Los Angeles wildfires. Analysts note, however, that solvency was ahead of consensus
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Apple Stock Surges, Eli Lilly Rallies, NRG Energy Jumps
On this episode of Stock Movers:
- Apple (APPL) shares are up. This comes after President Donald Trump said he spoke with Apple Inc. Chief Executive Officer Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year. Apple is weighing whether to raise prices for an iPhone lineup coming in the fall, the Wall Street Journal reported, citing people familiar with the matter whom it didn’t identify. The company is exploring whether to “couple” price increases with new features and designs, while trying to avoid the perception that any hikes are tied to US tariffs, the Journal reported. Apple didn’t respond to Bloomberg’s request for comment.
- Eli Lilly (LLY) are up in after hours trading. Earlier today, President Donald Trump said he plans to slash drug prices for Americans by more closely aligning their costs to lower prices paid abroad, renewing and expanding upon a failed push from his first term. Trump aims to do so by bringing drugmakers to the negotiating table. He signed an executive order Monday asking them to lower prices voluntarily or else face regulatory measures. The President, however, said Eli Lilly is not going to be tariffed because the pharmaceutical company is building in the US.
- NRG Energy (NRG) shares are up after the company agreed to acquire a fleet of natural gas-fired power plants from LS Power Equity Advisors LLC for about $12 billion including debt, betting the fuel will be crucial to meet electricity demand from data centers. The cash-and-stock deal calls for NRG to buy 18 gas-fired facilities from LS with a combined capacity of about 13 gigawatts, the companies said Monday in a statement. That’s enough to power about 10.4 million homes.
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Closing Bell: NRG Soars, Trump Talks With Apple's Cook, CVS Falls
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Matt Miller.
- NRG Energy (NRG) shares soared 25%, the most intraday since 2017 to a record high, as Wall Street praised its deal that Jefferies says is “transforming” the company and doubling its power generation capacity, while the power producer also reported better-than-expected adjusted Ebitda for the first quarter.
- Apple (AAPL) shares rose after US President Donald Trump said he spoke with CEO Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year. Apple is weighing whether to raise prices for an iPhone lineup coming in the fall, the Wall Street Journal reported, citing people familiar with the matter whom it didn’t identify. The company is exploring whether to “couple” price increases with new features and designs, while trying to avoid the perception that any hikes are tied to US tariffs, the Journal reported. Apple didn’t respond to Bloomberg’s request for comment.
- CVS (CVS) shares, along with other major US health-care companies that own pharmacy-benefit management units closed lower after President Donald Trump proposed a plan to “cut out” the drug-industry middlemen as a way to reduce drug costs. Trump aims to do so by bringing drugmakers to the negotiating table. He signed an executive order today asking them to lower prices voluntarily or else face regulatory measures. Pharmaceutical companies had expected — and feared — action on drug prices. However, the order was far weaker than they’d anticipated. Shares of major drugmakers initially fell after Trump teased drug-price action on social media Sunday night, then rose as details on the order emerged throughout Monday morning.
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Carnival Refinances More Debt, NRG Energy Deal, Cigna Drops
On this episode of Stock Movers:
- Carnival Corp. (CCL) shares are up. The company is issuing bonds for the third time this year, as the cruise operator chips away at a debt load that had ballooned during the Covid-19 pandemic. Monday’s $1 billion offering of senior unsecured notes will be used to refinance 7.625% notes maturing next year, according to a person familiar with the matter. Pricing for the new notes is being discussed in the 5.875% to 6% range, the person said.
- NRG Energy (NRG) shares hit an all time high as the company agreed to acquire a fleet of natural gas-fired power plants from LS Power Equity Advisors LLC for about $12 billion including debt, betting the fuel will be crucial to meet electricity demand from data centers. The cash-and-stock deal calls for NRG to buy 18 gas-fired facilities from LS with a combined capacity of about 13 gigawatts, the companies said Monday in a statement. That’s enough to power about 10.4 million homes.
- Cigna (CI) and other US health-care companies that own pharmacy-benefit management units are trading lower on Monday after President Donald Trump proposed a plan to “cut out” the drug-industry middlemen as a way to reduce drug costs. Meantime, House Republicans are reviving measures that would primarily prohibit “spread pricing” in the Medicaid safety net program -- where pharmacy benefit managers profit by paying pharmacies less than what they charge state Medicaid plans for a medication.
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Pfizer Rises, Best Buy Surges, Nike Up After US China Trade Talks
On this episode of Stock Movers:
-Pfizer shares rise after President Donald Trump said he plans to order cuts to prescription drug costs to bring them in line with other countries.White House officials speaking this morning did say weight loss drugs and medicare will be an area of focus for action.
-Best Buy shares rise after being a key beneficiary of weekend US-China talks Bloomberg Intelligence analysts estimates that retailers entered the year holding 1% less inventory than they had over the past three years, so the drop off in Chinese shipments would have had significant impact.
-Nike shares rise. The company is another key beneficiary of the US-China talks -- half of all Nike brand shoes are made in Vietnam, but overall trade optimism is helping.Last week, the company announced changes to its senior leadership team and divided its Consumer, Product, and Brand leadership will now be divided into three distinct areas.
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Nvidia and Mag 7 Jump; Consumer and Shipping Stocks Rise
On this episode of Stock Movers:
- Nvidia (NVDA) is higher this morning following the US-China trade announcement. The biggest US chipmaker along with other chipmakers are rising on the news due to heavy exposure to Asian markets. Other Mag 7 stocks are also jumping on the news.
- Delta (DAL) shares popped this morning as travel stocks react to easing global trade tensions and lessening odds of a recession. It also comes after Delta and Korean Air agreed last week to buy a stake in WestJet amid uncertain US relations with Canada.
- Nike (NKE) is up along with other consumer stocks after the US-China trade truce announcement. Consumer firms with large China exposure rally, including Nike, Starbucks, Amazon, and Wayfair among others are rising on the news.
- Maersk (AMKBY) shares also increased today as shipping and transportation stocks move higher as ports can expect more trade and consumer activity.
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Pharma Stocks Sink; Gold Stalls; Risk-On Drives Tech
On this episode of Stock Movers:
- AbbVie (ABBV) is lower this morning alongside pharma stocks as President plans to order a cut in US prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.
- Newmont (NEM) shares are also lower as a result of the risk on narrative. Gold fell more than 3% in the premarket as investor attention turns back to US equities in easing trade tensions with China.
- Texas Instruments (TXN) is higher this morning along with other major chipmakers, which are heavily exposed to Asian markets. US megacap tech stocks, which had been hard hit this year, were on track to tally some of the biggest gains, with Nasdaq 100 futures poised to re-enter a bull market.
- Apple (APPL) is rallying on the China trade news, with the company having significant supply chain exposure to China. Other Mag 7 stocks like Tesla and Nvidia are also rallying on the trade news.
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Moller-Maersk Leads Tariffs Gains, Novo Nordisk Slumps, Unicredit Up
On this episode of Stock Movers:
- The US and China will temporarily lower tariffs on each other’s products, according to a joint statement, in a move which sent the whole equity market up. Maersk are on track for their biggest one-day gain in a decade with trading volume was quadruple the average for this time of day.
- Drugmakers like Novo Nordisk are falling after President Donald Trump said he plans to order a cut in US prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.
- UniCredit posted its highest quarterly profit ever, strengthening Chief Executive Officer Andrea Orcel’s hand as he pursues potential acquisitions.
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Weekly Roundup: Insulet Jumps, Disney Surges, Palantir Disappoints
On this episode of Stock Movers:
- Insulet (PODD) shares rallied this week, soaring up as much as 20% during trading on an upbeat earnings report. The insulin delivery system maker boosted its revenue guidance for the full year and posted better-than-expected first-quarter results. Piper Sandler views the guidance increase positively and as more evidence of strong momentum in the business.
- Disney (DIS) shares rose after it reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. Full-year 2025 earnings, excluding certain items, will rise 16% to $5.75 a share, Disney said Wednesday in a statement, about double its previous forecast for growth. Analysts were looking for $5.44 a share. A number of major companies have pulled their 2025 guidance amid the uncertainty caused by US President Donald Trump’s tariffs on imported goods. But Disney is benefiting from faster-than-expected growth at its namesake parks and streaming business, and pointed to that strong performance to boost its guidance.
- Palantir (PLTR) shares slid by the most in nearly a year after its financial results and projections failed to live up to investors’ lofty expectations. The company described rising demand for artificial intelligence software as a “ravenous whirlwind” and bumped its 2025 revenue forecast on Monday to about $3.9 billion from about $3.75 billion. But even a solid earnings results beat and the raised outlook wasn’t enough to justify the stock’s high valuation and extend its massive year-to-date gain. Palantir’s shares tanked by as much as 14.9% to $105.32, the lowest intraday price since May 7, 2024. The stock was still up 41% for the year.
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Affirm Falls on Results, Expedia Cuts Outlook, Tesla Leads Mag 7
On this episode of Stock Movers:
- Affirm (ARFM) shares plunged as much as 14% on Friday after the financial technology company reported what some analysts said were “mixed” results. Analysts made note of the mostly positive earnings, but flagged expectations were very high heading into the results and the guidance given may be conservative.
- Expedia (EXPE) cut its full-year outlook for gross bookings and revenue after it saw weaker-than-expected domestic and inbound travel demand in the US at the start of the year. Gross bookings and revenue are now expected to grow 2% to 4% in 2025, Chief Financial Officer Scott Schenkel said on an earnings call. The company had projected 4% to 6% growth in February. It also issued first-quarter results and a second-quarter outlook that missed Wall Street estimates.
- Tesla (TSLA) shares were higher leading Magnificent Seven stocks today. Investors refrained from making riskier bets on speculation that while talks between Chinese and American officials could represent a diplomatic icebreaker, they would unlikely result in a comprehensive agreement at this stage. Following a rapid $6 trillion surge in the S&P 500 from the brink of a bear market, action has been more muted in recent days. The gauge was little changed Friday amid volume that was 30% below the average of the past month.
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Lyft Surges, Pinterest Rises, 1800 Flowers Plunges After Withdrawing Guidance
On this episode of Stock Movers:
- Lyft shares surge on results after the bell on Thursday; better-than-expected gross bookings in the first quarter, a sharp contrast with disappointing results from Uber. It also announced an accelerated and expanded share buyback program. Some areas key to its positive results include Indianapolis, where it saw a 37% gain in rides; and Canada, where rides are up 50%.
- Pinterest shares rise after 2Q revenue guidance beat estimates. CEO Bill Ready cited the company's ability to leverage AI to personalize the user experience is their "key differentiator." Tech allows them to provide advertisers early signs on trends before they show up in purchasing data.
- 1800 Flowers shares plunge after it withdrew its near-term guidance and shuffled its management team, including naming a new CEO.That's after reporting 3Q results that showed a bigger-than est loss per share -- $2 80c vs 26c estimate; net revenue also disappointed and down 13% from a year earlier.
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Expedia Falls, Microchip Rises, Crowdstrike drops on News of US Probe
On this episode of Stock Movers:
- Expedia shares fall after the company cut its full-year outlook for gross bookings and revenue. It cited weaker-than-expected domestic and inbound travel demand in the US at the start of the year. CFO Scott Schenkel noted that there was a near-30% decline in inbound bookings from Canada, which drove a 7% drop in overall inbound travel to the US
- Microchip rises after 4Q results after the bell on Thursday. Its' adjusted EPS 11c, slightly beat the 10c estimate; net sales also slightly above estimates but down 27% y/y. - The chips manufacturer did say 4Q “marks the bottom of this prolonged industry down cycle"
- Crowdstrike drops after a Bloomberg News report that US prosecutors and regulators are investigating a $32 million deal between Crowdstrike and a tech distributor -- specifically, what senior executives may have known about it.The transaction was made to supply software to the IRS, but apparently the IRS never purchased or received the products.
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Lyft Pops on Earnings; Travel Decline Sinks Expedia; Pinterest Rises
On this episode of Stock Movers:
- Lyft (LYFT) is moving to the upside after reporting better-than-expected gross bookings of $4.16 billion in the first quarter, with rides increasing 16% from a year earlier to 218.4 million. Goldman Sachs analyst Eric Sheridan also upgraded the stock to Buy from Neutral.
- Expedia (EXPE) is down this morning after cutting its full-year outlook for gross bookings and revenue due to weaker-than-expected domestic and inbound travel demand in the US at the start of the year. The company now expects gross bookings and revenue to grow 2% to 4% in 2025, down from its previous projection of 4% to 6% growth.
- Pinterest (PINS) shares are higher after second-quarter revenue guidance topped estimates at the midpoint, easing concerns of an advertising slowdown. The company's efforts to use artificial intelligence to boost growth are paying off, with revenue for the second quarter expected to be $960 million to $980 million.
- Affirm Holdings (AFRM) is sliding this morning after the midpoint of the buy now, pay later company’s revenue forecast for the current quarter trailed Wall Street expectations.
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Expedia's Slide; Lyft's Upgrade; Pinterest Surges
On this episode of Stock Movers:
- Expedia (EXPE) is down this morning after cutting its full-year outlook for gross bookings and revenue due to weaker-than-expected domestic and inbound travel demand in the US at the start of the year. The company now expects gross bookings and revenue to grow 2% to 4% in 2025, down from its previous projection of 4% to 6% growth.
- Lyft (LYFT) is moving to the upside after reporting better-than-expected gross bookings of $4.16 billion in the first quarter, with rides increasing 16% from a year earlier to 218.4 million. Goldman Sachs analyst Eric Sheridan also upgraded the stock to Buy from Neutral.
- Pinterest (PINS) shares are higher after second-quarter revenue guidance topped estimates at the midpoint, easing concerns of an advertising slowdown. The company's efforts to use artificial intelligence to boost growth are paying off, with revenue for the second quarter expected to be $960 million to $980 million.
- Coinbase (COIN) shares are lower despite Bitcoin's rally after its first-quarter total revenue and second-quarter forecast subscription and services revenue missed the average analyst estimates.
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IAG Orders, Campari Down, BP M&A Target
On this episode of Stock Movers:
- IAG announced a major order for widebody jets, doubling down on a long-haul business with a $10 billion fleet investment to help sustain its earnings momentum.
- Campari shares fall as much as 4.6% after the Italian spirits maker’s first-quarter results missed expectations, showing that the backdrop continues to be tough with analysts flagging an uncertain outlook due to trade tensions.
- Bloomberg reported that Shell has been studying the merits of acquiring BP — something both companies have so far declined to comment on — analysts have been gaming out both the upsides and downsides.
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Lyft Beats, AppLovin Gains, Coinbase Earnings
On this episode of Stock Movers:
- Lyft (LYFT) shares are up. The company reported better-than-expected gross bookings in the first quarter, drawing a sharp contrast with the disappointing results issued by its much-larger ride-hailing rival Uber Technologies Inc. a day earlier. Gross bookings for the first quarter were $4.16 billion, Lyft said in a statement Thursday, slightly beating the average of analysts’ estimates compiled by Bloomberg. Rides increased 16% from a year earlier to 218.4 million, also ahead of expectations. Lyft expects gross bookings for the current period to be between $4.41 billion and $4.57 billion, with the midpoint landing just above estimates.
- AppLovin (APP) shares soar after the AI-powered advertisement platform reported first-quarter results that beat expectations. The company also agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business.
- Coinbase (COIN) shares are down in post market trading. The company's first-quarter revenue jumped while profit declined as the largest US crypto exchange navigated the volatile price swings of the digital asset market. Revenue increased about 24% to $2 billion from the year-ago period, though it was around 10% sequentially lower from the fourth quarter, the San Francisco-based company said in a blog post Thursday. Revenue was expected to be $2.105 billion, according to the average forecast of analysts surveyed by Bloomberg. Net income fell 94% to $66 million, or 26 cents per share. Coinbase’s shares fell about 3% in after-hours trading. The stock is down 17% so far this year.
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AppLovin Soars, Coinbase Shares Higher, Carvana Jumps
On this episode of Stock Movers:
- AppLovin (APP) shares are up after the AI-powered advertisement platform reported first-quarter results that beat expectations. It gave an outlook for 2Q, and projected ad revenue beating forecasts too. The company also agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business.
- Coinbase (COIN) shares are higher. The company agreed to acquire Deribit, the world’s largest exchange for Bitcoin and Ether options, for $2.9 billion as the biggest US crypto exchange makes a push into the derivatives market. The purchase marks one of the most-significant acquisitions in the crypto industry’s history and comes as Donald Trump’s return to the White House sparks a wave of deal-making among crypto companies.
- Carvana (CVNA) shares jumped after the online used-car retailer doubled its profits in the first quarter with record vehicle volume and reported revenue that beat the average analyst estimate.
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Crocs Rises, AppLovin Surges, Arm Drops After Disappointing Sales Forecast
On this episode of Stock Movers:
- Crocs shares rose after First quarter adjusted EPS beat estimates $3 versus $2 49 cent estimate Adjusted net income also beat estimates -- $169.7 million vs $142.9 million, but that's down more than 7% from a year earlier.The company withdrew its full year outlook for this year and said it won't provide full-year guidance at this time due to "macroeconomic uncertainties stemming from global trade policies"
- AppLovin shares rise after the AI-powered ad platform reported results after the close yesterday; both first quarter EPS and net income beat estimates.It gave an outlook for 2Q, and projected ad revenue beating forecasts too.The company agreed to sell its video games unit to London-based Tripledot Studios to focus on its advertising technology business.
- ARM shares drop after first quarter sales forecast for $1 billion to $1.1 billion disappointed analysts. CEO Rene Haas blamed it on the timing of new agreements with customers and he said the outlook is conservative "to make sure we don't overreach."
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Nvidia Leads Chips Higher as Arm Declines; Peloton Sinks; BUD Rises
On this episode of Stock Movers:
- Nvidia (NVDA) is leading chip stocks higher after Bloomberg reported the Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions, citing people familiar with the matter.
- Arm Holdings (ARM) is out of line with other chip stocks this morning as it trends lower after posting revenue forecast for the current quarter is $1 billion to $1.1 billion, lower than Wall Street's estimates. The company blames the conservative forecast on the timing of new agreements with customers and has decided not to provide an annual target due to uncertainty.
- Peloton (PTON) stock declined this morning after its fiscal third quarter missed estimates. While the company hit it expectations for reported revenue, Peloton narrowed expectations for total revenue for the fiscal year.
- Anheuser-Busch (BUD) gained in the premarket to their highest level in more than seven months after the brewer’s profit beat estimates, with analysts pointing to its geographical mix and a strong performance in its South American business as demand for beer holds up. The brewer also maintained its guidance for the year, a positive sign amid tariff worries.
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Chip Stocks to the Upside; Arm Declines; Krispy Kreme Tumbles
On this episode of Stock Movers:
- Nvidia (NVDA) is leading chip stocks higher after Bloomberg reported the Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions, citing people familiar with the matter.
- Arm Holdings (ARM) is out of line with other chip stocks this morning as it trends lower after posting revenue forecast for the current quarter is $1 billion to $1.1 billion, lower than Wall Street's estimates. The company blames the conservative forecast on the timing of new agreements with customers and has decided not to provide an annual target due to uncertainty.
- Cleveland Cliffs (CLS) is sinking this morning after posting a wider-than-expected loss for the first quarter after the closing bell on Wednesday. The company also said it expects full-year 2025 steel unit cost reductions of approximately $50 per net ton compared to the prior year.
- Krispy Kreme (DNUT) is the biggest downside mover in the premarket session as it announced it will no longer pay quarterly cash dividends to focus on growth and pay down debt. Krispy Kreme reported below-consensus quarterly sales and expects second-quarter net revenue of $370 million to $385 million, below analysts' estimates and is pausing the expansion of its partnership with McDonald's and withdrawing its 2025 profit guidance due to macroeconomic weakness and uncertainty.
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AB InBev Boosts Sales, Maersk Cuts Outlook, Next Uplift
On this episode of Stock Movers:
- AB InBev offset a fall in volumes with higher profits by cutting costs and driving consumers to drink more of its premium beer. - Maersk the Danish container giant, lowered its forecast for the global transport market rattled by Donald Trump’s trade war.
- Next shares rose to a record after the retailer raised its guidance for the second time this year, as UK shoppers spent more than expected and a rival’s operations were disrupted by a cyber attack.
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Alphabet Falls, Uber Misses, Walt Disney Shares Surge
On this episode of Stock Movers:
- Alphabet (GOOG) sunk on the news that Apple is “actively looking at” revamping the Safari web browser on its devices to focus on AI-powered search engines, a seismic shift for the industry hastened by the potential end of a longtime partnership with Google. Eddy Cue, Apple’s senior vice president of services, made the disclosure Wednesday during his testimony in the US Justice Department’s lawsuit against Alphabet. The heart of the dispute is the two companies’ estimated $20 billion-a-year deal that makes Google the default offering for queries in Apple’s browser. The case could force the tech giants to unwind the pact, upending how the iPhone and other devices have long operated.
- Uber (UBER) shares are down after they reported weaker-than-expected quarterly gross bookings, citing lower US inbound travel that’s led to slower gains in its rideshare business. Gross bookings, which include ride hails, delivery orders and driver and merchant earnings, but not tips, were $42.8 billion in the first three months of 2025, Uber said in a statement Wednesday. Analysts projected $43.1 billion, according to Bloomberg-compiled data. Revenue also landed below expectations at $11.5 billion, as did operating income.
- Walt Disney (DIS) shares are up after the company reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. The shares jumped as much as 12% in New York. Full-year 2025 earnings, excluding certain items, will rise 16% to $5.75 a share, Disney said Wednesday in a statement, about double its previous forecast for growth. Analysts were looking for $5.44 a share.
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WeightWatchers Falls, Charles River Rallies, Walt Disney Jumps on Profit Forecast
On this episode of Stock Movers:
- WeightWatchers (WW) shares fall after the company announced it has filed for bankruptcy to reduce its debt by $1.15 billion through a lender-backed plan, which is expected to be completed in 45 days. The company has struggled to compete with weight-loss drugs like Ozempic and has been burdened by annual interest expenses of over $100 million, limiting its ability to invest in growth initiatives and marketing.
- Charles River (CRL) shares rally after the drug development contractor boosted its adjusted earnings per share forecast for the full year, following better-than-expected first-quarter results. Separately, the company also said it is in a cooperation pact with activist Elliott Investment Management where Elliott has agreed to “customary standstill, voting, confidentiality, and other provisions”
- Walt Disney (DIS) shares jump after the company reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year. It cited strong performances from theme parks and streaming TV.
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Disney's Earnings Beat; Uber in Decline; AMD Pops
On this episode of Stock Movers:
- Disney (DIS) shares popped in the premarket after raising its profit outlook for the year. The California-based entertainment giant forecast adjusted earnings per share for the full year that beat the the average analyst estimate. It is also citing strong performances from theme parks and streaming TV.
- Uber (UBER) is in decline this morning after it reported weaker-than-expected quarterly gross bookings of $42.8 billion, below analysts' projection of $43.1 billion, due to a slowdown in its rideshare business. Despite the miss, Uber's income was a bright spot, with diluted earnings exceeding analyst estimates, and the company forecast strong bookings and adjusted earnings for the current period
- Advanced Micro Devices (AMD) shares are higher in premarket trading after the chipmaker reported first-quarter results that beat expectations but gave an outlook that analysts see as mixed. The company also said it sees an annual hit of $1.5 billion due to China export controls.
- Super Micro Computer (SMCI) is plunging this morning after giving a weak sales forecast. The beleaguered chipmaker cut its net sales guidance for the full year, missing the average analyst estimate. Analysts note that delayed customer purchases are weighing on the company’s forecast.
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Disney's Profit Forecast; Uber's Miss; Super Micro Computer Plunges
On this episode of Stock Movers:
- Disney (DIS) shares popped in the premarket after raising its profit outlook for the year. The California-based entertainment giant forecast adjusted earnings per share for the full year that beat the the average analyst estimate. It is also citing strong performances from theme parks and streaming TV.
- Uber (UBER) is in decline this morning after it reported weaker-than-expected quarterly gross bookings of $42.8 billion, below analysts' projection of $43.1 billion, due to a slowdown in its rideshare business. Despite the miss, Uber's income was a bright spot, with diluted earnings exceeding analyst estimates, and the company forecast strong bookings and adjusted earnings for the current period
- Super Micro Computer (SMCI) is plunging this morning after giving a weak sales forecast. The beleaguered chipmaker cut its net sales guidance for the full year, missing the average analyst estimate. Analysts note that delayed customer purchases are weighing on the company’s forecast.
- Marvell Technologies (MRVL) is following fellow tech company SMCI lower this morning after the semiconductor device company narrowed its first quarter 2026 guidance range and postponed its investor day citing an uncertain macro environment.
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Novo Nordisk Gains, Maersk Slumps, BMW's EV Upside
On this episode of Stock Movers:
- Novo Nordisk shares gained on expectations that competition for its blockbuster obesity shot Wegovy will subside later this year.
- BMW’s earnings declined less than expected in the first quarter as electric vehicle sales in Europe helped buoy the German carmaker amid slumping demand in China and the threat of US tariffs.
- Maersk and other European sea-freight stocks decline on the prospect of lower shipping rates after President Donald Trump said the US would stop its bombing campaign against Houthis in Yemen.
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Palantir Slides, Hims Rises, Constellation Jumps on Nuclear Deal Plans
On this episode of Stock Movers:
- Palantir Technologies (PLTR) shares slid by the most in nearly a year after its financial results and projections failed to live up to investors’ lofty expectations. The company described rising demand for artificial intelligence software as a “ravenous whirlwind” and bumped its 2025 revenue forecast on Monday to about $3.9 billion from about $3.75 billion. But even a solid earnings results beat and the raised outlook wasn’t enough to justify the stock’s high valuation and extend its massive year-to-date gain. Palantir’s shares tanked by as much as 14.9% to $105.32, the lowest intraday price since May 7, 2024. The stock was still up 41% for the year.
- Hims & Hers Health Inc. (HIMS) reiterated its 2025 revenue forecast after posting better-than-expected sales for the first quarter, raising questions about the future as it shifts from making copycat weight-loss drugs to selling discounted versions of Novo Nordisk A/S’s blockbuster Wegovy. Hims’ business got a boost when branded weight-loss drugs were in short supply and a regulatory loophole allowed it to sell less expensive compounded versions of drugs like semaglutide, a chemical name for Wegovy. Those shortages have since resolved and now the telehealth company is finding a new lane by also selling branded drugs at a discount.
- Constellation Energy (CEG) surged after it said it is on the verge of signing long-term deals to provide nuclear energy that could meet unrelenting demand to run data centers and factories. Shares climbed 12% as Chief Executive Officer Joe Dominguez said on an earnings call that the agreements bolster the case for Constellation’s pending $16.4 billion deal for Calpine, which would give Constellation the largest fleet of US power stations. Power consumption in the US is expected to grow almost 16% over the next five years, driven by data centers running artificial intelligence operations, as well as the electrification of homes and cars and a shift away from fossil fuels in manufacturing. That’s created new life for old nuclear plants, with a deal to reopen Three Mile Island as the most high-profile example.
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Palantir Slides, Vertex Pharmaceuticals Surges, DoorDash Lower Despite Earnings Beat
On this episode of Stock Movers:
- Palantir (PLTR) shares slide by the most in nearly a year after its financial results and projections failed to live up to investors’ lofty expectations. The company described rising demand for artificial intelligence software as a “ravenous whirlwind” and bumped its 2025 revenue forecast on Monday to about $3.9 billion from about $3.75 billion.
- Vertex Pharmaceuticals (VRTX) shares fall after the company reported adjusted earnings per share for the first quarter that missed expectations. Analysts are mixed about the launch of the non-opioid pain medication Journavx and Alyftrek, a triple modulator for cystic fibrosis
- DoorDash (DASH) drops after announcing two multibillion-dollar acquisitions: London-based delivery company Deliveroo Plc for £2.9 billion and hospitality tech company SevenRooms Inc. for $1.2 billion. Alongside the deals, DoorDash also issued a strong orders outlook for the current quarter and posted better-than-expected gross order value for the first three months of the year in a statement on Tuesday.
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Palantir Technologies Falls, Constellation Energy Drops, Ford Slips After Pulling Guidance
On this episode of Stock Movers:
- Palantir Technologies (PLTR) shares fall after the data-analysis software company posted financial results failed to meet investors’ expectations.
- Ford (F) shares slip as the automaker suspended its full-year financial guidance and said President Trump’s tariffs will take a toll on profit, joining rivals stung by volatile global trade policies.
- Constellation Energy (CEG) shares drop after the power producer reported adjusted profit and Ebitda for the first quarter that fell short of expectations.
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Ford Tariff Scare; DoorDash's Acquisition; Palantir Sinks
On this episode of Stock Movers:
- Palantir Technologies (PLTR) is sinking this morning after its financial results failed to meet investors' expectations. The company bumped its 2025 revenue forecast to about $3.9 billion, representing growth of 36% from last year. Still, Palantir's revenue for the quarter jumped 39% to $884 million, exceeding analysts' average estimate of $863 million.
- Ford Motor Co. (F) shares are on the decline after it suspended its full-year financial guidance due to President Donald Trump's auto tariffs, which will reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year. Ford cited seven factors in withdrawing its earlier forecast, including potential "industrywide supply chain disruption" tied to Trump's duties and the risk that levies may increase in the future.
- DoorDash (DASH) shares are lower as it agreed to acquire its rival in the UK, Deliveroo, for $3.9 billion in cash. It expands the delivery service's scope across Europe, Asia and the Middle East.
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Palantir's Miss; Ford Pulls Guidance; DoorDash's Key Acquisition
On this episode of Stock Movers:
- Palantir Technologies (PLTR) is sinking this morning after its financial results failed to meet investors' expectations. The company bumped its 2025 revenue forecast to about $3.9 billion, representing growth of 36% from last year. Still, Palantir's revenue for the quarter jumped 39% to $884 million, exceeding analysts' average estimate of $863 million.
- Ford Motor Co. (F) shares are on the decline after it suspended its full-year financial guidance due to President Donald Trump's auto tariffs, which will reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year. Ford cited seven factors in withdrawing its earlier forecast, including potential "industrywide supply chain disruption" tied to Trump's duties and the risk that levies may increase in the future.
- DoorDash (DASH) shares are lower as it agreed to acquire its rival in the UK, Deliveroo, for $3.9 billion in cash. It expands the delivery service's scope across Europe, Asia and the Middle East.
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DoorDash's Deliveroo Offer, Hugo Boss Gains, BP Rises On Shell Interest
On this episode of Stock Movers:
- DoorDash has agreed to buy UK-based food-delivery platform Deliveroo Plc for an equity value of about £2.9 billion ($3.9 billion), as the US company pushes into more overseas markets.
- Hugo Boss’s shares rise as much as 10% after the suit maker’s earnings beat estimates, which analysts said was a relief, especially against a tough backdrop. Brokers noted that the update implied trading improved in March, while discipline around operating costs was also helpful.
- Shell is working with advisers to evaluate a potential acquisition of BP, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with the matter.
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Netflix, Disney Shares Slip on Tariff Plans, Berkshire Slumps on Buffett Succession
On this episode of Stock Movers:
- Film and media companies like Netflix (NFLX) and Disney (DIS) saw shares falling on Monday after President Donald Trump announced that he plans to impose a 100% tariff on films produced overseas. In post on Truth Social, the American leader said he was directing the Commerce Department and his trade representative to “immediately begin the process of instituting” the levy on foreign movies. “WE WANT MOVIES MADE IN AMERICA, AGAIN!” Trump continued. The president also positioned foreign productions as a national security threat, saying other nations were using films for messaging and propaganda.
- Berkshire Hathaway (BRK.B) shares sunk as much as 6.4% in trading on Monday following the news that Warren Buffett will leave his post as CEO at the end of the year during his 60th shareholder meeting on Saturday. Buffett, the 94-year-old architect and face of Berkshire Hathaway Inc., announced that the gathering would be his last as head of the company he built from humble beginnings into one of the world’s most valuable enterprises. A few feet away, Greg Abel, the energy executive long seen as Omaha’s crown prince, wasn’t even aware his time had come.
- Pet food maker Freshpet (FRPT) initially fell after it announced it was cutting its net sales guidance for the full year, citing uncertainty. Shares recovered later in trading.
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Netflix Falls, Tyson Foods Drops, Peabody Energy Lower After Mine Fire Threatens Anglo Deal
On this episode of Stock Movers:
- Netflix (NFLX) Shares fall along with other media and entertainment companies after President Donald Trump announced that he is planning a 100% tariff on films produced overseas. Analysts see risks associated with the news, though they added that there are few details.
- Tyson Foods (TSN) shares drop after the company said earnings jumped more than expected as increased profits from chicken sales outweighed another quarter of losses at the company’s beef business.
- Peabody Energy (BTU) shares drop after the company said it's considering terminating a $3.78 billion deal to acquire Anglo American Plc's steelmaking coal assets due to a fire at an Anglo mine in Australia.
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Berkshire Post-Buffett; Film Tariffs; Tyson Chicken Boom
On this episode of Stock Movers:
- Netflix (NFLX) shares are lower after President Trump announced plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies to the entertainment sector. The announcement has raised questions about how the tariff would work, with many films involving global production and post-production work done in various countries.
- Disney (DIS) shares sank this morning ahead of a key earnings report. The stock's also following Netflix and other companies exposed to movie production due to President Trump's tariff announcement on foreign films production.
- Berkshire Hathaway (BRK-B) fell in premarket trading after Warren Buffett announced he will be stepping down as CEO of Berkshire Hathaway at year-end, with Greg Abel set to take over upon board approval. Bloomberg Intelligence analysts Matthew Palazola and Eric Bedell expect Abel to maintain Berkshire’s ethos, and say that he may also bring a fresher approach to capital management.
- Tyson Foods (TSN) is lower this morning even though earnings jumped more than expected as increased profits from chicken sales outweighed another quarter of losses at the company’s beef business. Tyson has heavily relied on elevated chicken profits to alleviate the cost impact of a severe cattle shortage on its earnings, but the chicken boom could be waning.
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Berkshire Sinks on Buffett; Netflix and Film Tariffs; Nvidia Taiwan Exposure
On this episode of Stock Movers:
- Berkshire Hathaway (BRK-B) fell in premarket trading after Warren Buffett announced he will be stepping down as CEO of Berkshire Hathaway at year-end, with Greg Abel set to take over upon board approval. Bloomberg Intelligence analysts Matthew Palazola and Eric Bedell expect Abel to maintain Berkshire’s ethos, and say that he may also bring a fresher approach to capital management.
- Netflix (NFLX) shares are lower after President Trump announced plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies to the entertainment sector. The announcement has raised questions about how the tariff would work, with many films involving global production and post-production work done in various countries.
- Disney (DIS) shares sank this morning ahead of a key earnings report. The stock's also following Netflix and other companies exposed to movie production due to President Trump's tariff announcement on foreign films production.
- Nvidia (NVDA) is also on the downswing this morning due to exposure to the Taiwanese dollar, which surged as much as 5% on Monday, the biggest intraday gain in over three decades, on speculation exporters are rushing to convert their holdings of US dollars to the island's currency.
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Weekly Roundup: Apple Tariff Fears, CVS Snubs Lily, Spotify Tumbles
On this episode of Stock Movers:
- Apple (APPL) shares fell this week after its quarterly earnings report failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China. The company’s shares declined 3.7% in New York on Friday after second-quarter results included worse-than-expected sales in China. The iPhone maker also warned that tariffs will increase costs this quarter, a sign that geopolitical tensions are taking a growing toll on the business. Apple expects $900 million in higher costs from tariffs in the current period, Chief Executive Officer Tim Cook said Thursday during a conference call. Revenue will increase by a percentage in the low- to mid-single digits in the quarter, compared with a 5% average analyst estimate. The company didn’t offer any guidance on the impact of tariffs beyond the current period.
- Eli Lilly (LLY) shares took a hit on word that CVS choose to make rival Novo Nordisk's popular weight-loss drug Wegovy more widely available to its customers. Eli Lilly's Zepbound was moved off of CVS' list of preferred drugs. Novo and Lilly have been locked in a fierce competition to dominate the obesity market, which is expected to reach $130 billion by the end of the decade. CVS Caremark’s decision to place Wegovy over Zepbound could give Novo an edge as the companies fight to convince insurance companies to pay for their treatments, which cost more than $1,000 a month before rebates.
- Spotify (SPOT) shares tumbled on Tuesday after the streaming company gave a muted outlook for profit and subscriber growth in the current quarter. The Stockholm-based company forecast gross profit margins of 31.5% in the second quarter, missing analysts’ average estimate for 31.6% according to data compiled by Bloomberg. Spotify sees monthly active users rising to 689 million, less than the 694.4 million analysts expected. The US-traded stock slipped as much as 9.6% in New York to $540.10. It had risen 22% this year through the end of March and had more than doubled in the last 12 months. Chief Executive Officer Daniel Ek tried to reassure investors that Spotify’s business is strong, despite economic turbulence roiling other industries.
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Apple Down on Trade Fears, Block Plunges, Duolingo Jumps
On this episode of Stock Movers:
- Apple (APPL) shares are still lower as investors continue to digest an earnings report that failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China. The company’s shares declined as much as 5.2% after markets opened in New York on Friday. Apple had released second-quarter results that included worse-than-expected sales in China. The iPhone maker also warned in the Thursday statement that tariffs will increase costs this quarter, a sign that geopolitical tensions are taking a growing toll on the world’s most valuable business.
- Block (XYZ) shares sunk as much as 24%, the most since March 2020 after the financial services and digital payments company cut its gross profit guidance for the full year. The Cash App parent company reported results that suggest weakness in the company’s efforts to convert millions of active users into full-fledged banking customers.
- Duolingo (DUOL) shares are still up after the language-learning software firm reported results that beat expectations. Sales will be $987 million to $996 million this year, the company said in a letter to shareholders, up from its previous view of at most $978.5 million and ahead of analysts’ projections for $973.2 million. Subscriptions for its highest-price tier — Duolingo Max — continued to grow in part due to the appeal of its AI-powered video call feature. Daily active users across all tiers jumped 49% to 46.6 million in the period, while the company now counts 10.3 million paying subscribers, slightly ahead of expectations.
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Amazon Falls, Wendy's Drop, Duolingo Rises as AI Drives Subscriptions
On this episode of Stock Movers:
- Amazon (AMZN) shares fall after the company said it’s bracing for a tougher business climate in the coming months, echoing concerns from a range of companies that tariffs and related economic turmoil could crimp consumer spending.
- Wendy's (WEN) shares drop after the company lowered its sales outlook for this year, the latest restaurant chain to take a hit from consumer unease about shaky economic conditions in the US. Global systemwide sales are set to decline as much as 2%, while the company had forecast in March an increase as large as 3%.
- Duolingo (DUOL) shares rise after the company raised its full-year sales and profit outlook as artificial intelligence offerings drive users to its higher-priced subscriptions. ales will be $987 million to $996 million this year, the company said in a letter to shareholders, up from its previous view of at most $978.5 million and ahead of analysts’ projections for $973.2 million.
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Take-Two Drops, Apple Falls, Five Below Jumps on Positive Forecasts
On this episode of Stock Movers:
- Take-Two Interactive Software (TTWO) shares fall after the company delayed the release of Grand Theft Auto VI to next year, giving the team more time to finish the game. The game was expected to be one of the most lucrative video games ever and would have been the biggest release of 2025, but will now be released on May 26, 2026.
- Apple (AAPL) shares drop after the company received downgrades from Jefferies and Rosenblatt Securities after quarterly results raised concerns about tariffs and growth potential. The company's results showed weaker-than-expected sales in China and expected $900 million in higher costs from tariffs, with revenue growth expected in the "low- to mid-single digit" percentage range this year.
- Five Below (FIVE) shares jump after the discount retailer increased its first-quarter forecasts for sales and profit. The company also said director Mike Devine is expected to be appointed non-executive chair of the board following the 2025 annual meeting.
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Apple and Amazon Earnings; Oil Prices Hit Chevron and Exxon; Take Two's Miss
On this episode of Stock Movers:
- Apple (APPL) shares are lower this morning after the iPhone maker reported service revenue for the fiscal second quarter that trailed the average analyst estimate. The company expects $900 million in higher costs from tariffs this quarter and warned that revenue will increase by a percentage in the low- to mid-single digits, below analyst estimates.
- Chevron (CVX) share are also down despite beating its earnings estimates. Wall Street is punishing the oil giant after it announced it will reduce share buybacks this quarter to about $2.75 billion, 30% less than in the first quarter, due to tumbling oil prices.
- Exxon (XOM) shares are higher after it said it will stick to its plan to buy back about $5 billion in shares per quarter, while Shell has the financial ability to keep repurchasing upwards of $3 billion of shares each quarter.
- Take-Two (TTWO) shares are lower after delaying the release of Grand Theft Auto VI to next year, giving the development team more time to complete the game. The delay is seen as a significant setback for Take-Two, as the Grand Theft Auto franchise is a major contributor to the company's revenue.
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Apple and Amazon Decline; Airbnb Travel Weakness; Chevron Takes a Hit
On this episode of Stock Movers:
- Apple (APPL) shares are lower this morning after the iPhone maker reported service revenue for the fiscal second quarter that trailed the average analyst estimate. The company expects $900 million in higher costs from tariffs this quarter and warned that revenue will increase by a percentage in the low- to mid-single digits, below analyst estimates.
- Amazon (AMZN) is following Apple downward this morning after it said it expects a tougher business climate in the coming months due to tariffs and economic turmoil, which may affect consumer spending. The company's operating profit forecast for the current period is weaker than expected, citing factors such as tariffs, currency fluctuations, and recessionary fears.
- Airbnb (ABNB) shares in decline this morning after giving a very weak travel outlook that is affecting their bottom line. The company is citing economic uncertainties for softer travel demand in the US. The company's growth for nights and experiences booked is expected to "moderate" from the 7.9% achieved in the first quarter, falling short of Wall Street's 8.6% projection.
- Chevron (CVX) share are also down despite beating its earnings estimates. Wall Street is punishing the oil giant after it announced it will reduce share buybacks this quarter to about $2.75 billion, 30% less than in the first quarter, due to tumbling oil prices.
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Shell Sticks With Payouts, BASF'S Warning, Natwest Outperforms
On this episode of Stock Movers:
- Shell stuck to its plans for investor returns and capital spending, saying it had the financial strength to withstand any weakness in energy markets.
- BASF warned that uncertainty caused by President Donald Trump’s trade tactics means it can’t make reliable predictions for its business this year.
- NatWest beat estimates in the first quarter and pointed to improving earnings this year as the bank’s customers proved resilient to the unfolding strains on the global economy.
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Amazon's Weak Outlook, Apple's China Sales Miss, Delta Up
On this episode of Stock Movers:
- Amazon (AMZN) shares are down in extended trading as the company gave a weaker-than-expected forecast for operating profit in the current quarter, pointing toward a long list of factors including tariffs and trade that may cause consumers to pull back on spending. The world’s largest online retailer projected operating profit of $13 billion to $17.5 billion, compared with an average estimate of $17.8 billion. Sales will be $159 billion to $164 billion in the period ending in June, the company said Thursday in a statement. Analysts, on average, expected $161.4 billion.
- Apple (APPL) shares are down in extended trading as sales from China declined more than anticipated in the latest quarter, overshadowing otherwise solid results for the iPhone maker. Revenue from the country fell 2.3% to $16 billion in the fiscal second quarter, which ended March 29, the company said in a statement Thursday. Analysts had estimated $16.83 billion. Overall sales gained 5% to $95.4 billion, ahead of the $94.6 billion average estimate. Apple had projected percentage growth in the low- to mid-single digits.
- Delta Air Lines (DAL) shares have small gains in after hours trading. The airline says that the head of its Endeavor Air regional carrier will step down, but remain with the parent company. Jim Graham’s departure as Endeavor chief executive officer is part of a plan that’s been in the works almost a year, he said in a Thursday memo to the airline’s executives and directors seen by Bloomberg News. Graham retains his role as a senior vice president with the Delta Connection regional operation, Delta said in an email.
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Eli Lilly Shares Sink, Qualcomm's Tepid Forecast, Carrier Global Rises
On this episode of Stock Movers:
- Eli Lilly (LLY) shares fell the most intraday since October after CVS Health announced a plan to drop its blockbuster weight-loss drug Zepbound from its preferred list, making rival Wegovy more widely available. While the company maintained its sales guidance between $58 billion and $61 billion for the year, and Zepbound performed in line with Wall Street’s expectations, investors who had been hoping for more explosive growth were underwhelmed.
- Qualcomm (QCOM) shares fell after the company gave a tepid revenue forecast, underscoring concerns that tariffs will hurt demand for its products. Revenue in the period ending in June will be $9.9 billion to $10.7 billion, the company said Wednesday in a statement. The midpoint of that range was slightly below the average analyst estimate of $10.33 billion.
- Carrier Global Corp. (CARR) shares are up. The company said said its tariff exposure has been alleviated in part through price increases, allowing it to boost its full-year profit outlook and sending its shares higher. The HVAC company is fully mitigating the impact of tariffs that are in effect today, it said in a statement Thursday. “We are fully mitigating our tariff exposure through supply chain and productivity actions with the balance of about $300 million via price, which represents a little over 1% of additional pricing,” Chief Executive Officer Dave Gitlin said on a call with investors.
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Kohl's Rises, Eli Lilly Drops, Microsoft Surge on Strong Cloud Growth
On this episode of Stock Movers:
- Kohl's (KSS) shares rise after the company fired its chief executive officer after the board found he directed the company to do millions of dollars of business with someone he had a personal relationship with on “highly unusual terms.” The company said it is starting a search to find a permanent replacement following the departure of Ashley Buchanan and that Chairman Michael Bender would serve as interim CEO, according to a statement.
- Eli Lilly & Co.’s (LLY) shares dropped in morning trading after CVS Health Corp. announced a plan to drop its blockbuster weight-loss drug Zepbound, making rival Wegovy more widely available. The drugmaker also cut its full-year earnings outlook, citing research and development costs.
- Microsoft (MSFT) shares surge after the company reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady despite a wave of tariffs and economic turbulence. During a call with analysts, Chief Financial Officer Amy Hood said Azure will grow as much as 35%.
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Meta Jumps, Eli Lilly Drops, Kohl's Rises After Firing CEO
On this episode of Stock Movers:
- Meta Platforms (META) shares jumped after the company’s advertising sales quelled Wall Street concerns about the impact of the Trump administration’s trade war, with first-quarter revenue beating expectations. Meta needs its advertising business, which makes up 98% of the company’s revenue, to continue growing in order to fund an expensive expansion in artificial intelligence.
- Eli Lilly & Co.’s (LLY) shares dropped in morning trading after CVS Health Corp. announced a plan to drop its blockbuster weight-loss drug Zepbound, making rival Wegovy more widely available. The drugmaker also cut its full-year earnings outlook, citing research and development costs.
- Kohl's (KSS) shares rise after the company fired its chief executive officer after the board found he directed the company to do millions of dollars of business with someone he had a personal relationship with on “highly unusual terms.” The company said it is starting a search to find a permanent replacement following the departure of Ashley Buchanan and that Chairman Michael Bender would serve as interim CEO, according to a statement.
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McDonald's Consumer Scare; Lilly Weight Loss Drug; Qualcomm Falls
On this episode of Stock Movers:
- McDonald's (MCD) shares are lower after US sales fell 3.6% in the first quarter, mainly due to a decline in guest counts, marking the biggest drop in the chain's home market since 2020. The decline is attributed to a deterioration in consumer sentiment, making it harder for restaurants to lure in diners, with low-income customers being particularly affected.
- Eli Lilly (LLY) dropped in the premarket after the drugmaker cut its adjusted earnings per share forecast for the full year. The company also reported first-quarter sales of its blockbuster weight-loss drug, Zepbound, that was in line with expectations. It also follows CVS' drug-benefits unit negotiated a deal to make Novo Nordisk A/S's Wegovy more widely available to its members, replacing Zepbound.
- Qualcomm (QCOM) is falling after its revenue forecast for the period ending in June was $9.9 billion compared to $10.7 billion, which is slightly below analyst estimates. The company's outlook has renewed fears about the impact of tariffs on the smartphone market, which is Qualcomm's largest market. Shares fell over 5% in premarket trading following the announcement, despite the company's efforts to diversify its business beyond the phone market.
- Nvidia (NVDA) shares jumped as Microsoft and Meta beats drove Mag 7 stocks higher. It comes with CEO Jensen Huang also saying he wants the Trump administration to change regulations for exporting AI technology to help American businesses capitalize on opportunities.
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Microsoft and Meta Surge; Eli Lilly Slides; Harley Davidson and Tariffs
On this episode of Stock Movers:
- Microsoft (MSFT) shares are higher this morning after an earnings blowout. The company reported stronger-than-expected quarterly sales and profit growth as the Azure cloud unit posted a 33% revenue gain in the quarter, beating the Wall Street estimate of 29%. It suggests customer demand for cloud services has held steady despite a wave of tariffs and economic turbulence. The world’s largest software maker is considered a leader in commercializing AI products, thanks to its close partnership with ChatGPT maker OpenAI. In addition to providing computing infrastructure, Microsoft has launched AI assistants in widely used productivity applications such as Office and Excel.
- Meta (META) shares, along with Microsoft, are helping lead the Mag 7 higher after the company reported $42.3 billion in first-quarter sales, beating analysts' estimates of $41.4 billion. Meta expects to spend $64 billion to $72 billion this year, up from its prior outlook, due to tariffs imposed by the Trump administration and investments in artificial intelligence. Meta's advertising business, which makes up 98% of the company's revenue, is growing, and the company is investing heavily in AI development, including a new standalone AI app, to compete with rivals.
- Eli Lilly (LLY) dropped in the premarket after the drugmaker cut its adjusted earnings per share forecast for the full year. The company also reported first-quarter sales of its blockbuster weight-loss drug, Zepbound, that was in line with expectations. It also follows CVS' drug-benefits unit negotiated a deal to make Novo Nordisk A/S's Wegovy more widely available to its members, replacing Zepbound.
- Harley Davidson (HOG) shares are lower after pulling its 2025 financial outlook, citing the “tariff situation” and macroeconomic conditions. It also reported revenue for the first quarter that missed the average analyst estimate.
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Lloyds Falls, Rolls-Royce Backs Outlook, GN Store Drops
On this episode of Stock Movers:
- Lloyds shares fall as much as 2.4% after the lender’s earnings came in a touch shy of expectations. Analysts blamed higher severance costs, but said that overall trends are supportive with Lloyds maintaining its full-year guidance.
- GN Store slumps as much as 10% after lowering its full-year guidance to account for the impact of US tariffs.
- Rolls-Royce expressed confidence the aircraft engine supplier can meet its financial goals for the year despite the uncertainty caused by the introduction of new tariffs.
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Caterpillar Wavers, Starbucks Slides, Snap Plunges
On this episode of Stock Movers:
- Caterpillar Inc. (CAT) shares are up in after hours trading. This comes as the company expects slightly lower sales this year if Trump administration tariffs remain in place and the economy dips into a recession in the second half. The guidance, in line with previous expectations, came as the heavy-equipment maker posted first-quarter earnings that fell short of analysts’ estimates. The company painted two scenarios in its results’ presentation, forecasting operating profit to be within its annual target range if factoring in tariffs and a recession.
- Starbucks (SBUX) shares fell after the company said same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also missed expectations. CEO Brian Niccol said "behind the scenes, we really are showing a lot of signs of progress” -- Niccol took the helm in September and kicked off an overhaul of its cafes to make them more welcoming
- Snap (SNAP) shares tumbled after the company narrowly beat analysts’ estimates for first-quarter revenue but declined to issue a sales forecast for the current period, saying it’s navigating macroeconomic “headwinds” for its advertising business. While sales continue to grow in the second quarter, Snap said economic volatility “may impact advertising demand more broadly,” contributing to its decision to withhold sales projections.
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Caterpillar Misses, Starbucks Sales Keep Falling, Snap Tumbles
On this episode of Stock Movers:
- Caterpillar (CAT) shares are down as the company expects slightly lower sales this year if the Trump administration tariffs remain in place and the economy dips into a recession in the second half. The guidance, in line with previous expectations, came as the heavy-equipment maker posted first-quarter earnings that fell short of analysts’ estimates. The company painted two scenarios in its results’ presentation, forecasting operating profit to be within its annual target range if factoring in tariffs and a recession.
- Starbucks (SBUX) stock slides as the company's same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also missed expectations. Starbucks CEO Brian Niccol says the coffee chain is making progress in reviving growth, but flagging sales in the latest quarter and a sputtering economy amped up pressure on the company’s new management to deliver.
- Snap (SNAP) shares tumbled after the company narrowly beat analysts’ estimates for first-quarter revenue but declined to issue a sales forecast for the current period, saying it’s navigating macroeconomic “headwinds” for its advertising business. While sales continue to grow in the second quarter, Snap said economic volatility “may impact advertising demand more broadly,” contributing to its decision to withhold sales projections.
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Caterpillar Drops, Starbucks Tumbles, Snap Drops on Ad Warning
On this episode of Stock Movers:
- Caterpillar (CAT) shares fall after the company said it expects slightly lower sales this year if Trump administration tariffs remain in place and the economy dips into a recession in the second half. Caterpillar said it expects an additional cost headwind of $250 million to $350 million in the second quarter from tariffs, “net of initial mitigation actions and cost controls.”
- Starbucks (SBUX) shares fall after the company said same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also missed expectations. CEO Brian Niccol said "behind the scenes, we really are showing a lot of signs of progress” -- Niccol took the helm in September and kicked off an overhaul of its cafes to make them more welcoming
- Snap (SNAP) shares fall after the company warned volatility may impact advertising demand more broadly, contributing to its decision to withhold sales projections. Some of Snap’s advertisers are pulling back their spending due to the Trump administration’s planned changes to the de minimis rule, which exempts imports from mainland China and Hong Kong from tariffs if they’re worth less than $800, Chief Financial Officer Derek Andersen said on an earnings call with investors.
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Starbucks Drops, Super Micro Plunges, Amazon Lower on Grindr AI Use
On this episode of Stock Movers:
- Starbucks (SBUX) shares fall after the company said same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also missed expectations. CEO Brian Niccol said "behind the scenes, we really are showing a lot of signs of progress” -- Niccol took the helm in September and kicked off an overhaul of its cafes to make them more welcoming
- Super Micro (SMCI) shares plunge after the company's preliminary results for the fiscal third quarter fell short of analysts' estimates. The company attributed the miss to customers delaying purchases, which will be pushed into the current quarter, and also cited higher inventory reserves and expedited costs for new products.
- Amazon (AMZN) shares fall after Grindr said it’s using artificial intelligence tools from Amazon.com and Anthropic to develop features for its “Wingman” product, rather than relying on chatbots. President Donald Trump called Jeff Bezos to complain following the report, and Trump said Bezos "solved the problem very quickly, and he did the right thing.”
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Starbucks Struggles; Snap Headwinds; Super Micro Computer Scare
On this episode of Stock Movers:
- Starbucks (SBUX) shares are lower after receiving a wave of downgrades from Wall Street. Bernstein, Stifel, and TD Securities lowered its price target on the stock. Starbucks' same-store sales declined 1% in the quarter ended March 30, below the average estimate compiled by Bloomberg.
- Snapchat (SNAP) slipped as much as 14% in early trading after signaling a massive headwind warning when it comes to ad sales. Snap beat analysts' estimates for first-quarter revenue but declined to issue a sales forecast for the current period due to macroeconomic "headwinds" affecting its advertising business.
- Super Micro Computer (SMCI) tumbled as much as 16% in premarket trading on Wednesday after the company reported preliminary third-quarter results that missed expectations. JPMorgan does not think that the magnitude of the revenue miss is representative of any industry-wide demand slowdown.
- Norwegian Cruise Lines (NCLH) broke with its cruise peers by warning that cruise demand, which has long defied worrying travel trends, is beginning to weaken. The stock is lower after the cruise operator saw “softening” in its 12-month forward bookings, though maintains ticket sales are within the “optimal range, even amid ongoing macroeconomic volatility,” according to a statement Wednesday. Despite that, the company maintained its full-year targets.
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Caterpillar's Earnings Bump; Starbucks Downgrades; Snapchat Ad Sales Concerns
On this episode of Stock Movers:
- Caterpillar (CAT) share are higher this morning. The company said it expects to face slightly lower sales this year if tariffs continue and the economy dips into a recession in the second half. The guidance, in line with previous expectations, came as the heavy-equipment maker posted first-quarter earnings that fell short of analysts’ estimates. Excluding any impacts from tariffs, Caterpillar said it sees flat full-year sales compared with 2024.
- Starbucks (SBUX) shares are lower after receiving a wave of downgrades from Wall Street. Bernstein, Stifel, and TD Securities lowered its price target on the stock. Starbucks' same-store sales declined 1% in the quarter ended March 30, below the average estimate compiled by Bloomberg.
- Snapchat (SNAP) slipped as much as 14% in early trading after signaling a massive headwind warning when it comes to ad sales. Snap beat analysts' estimates for first-quarter revenue but declined to issue a sales forecast for the current period due to macroeconomic "headwinds" affecting its advertising business.
- Microsoft (MSFT) is virtually unchanged as it oscillates between positive and negative territory this morning ahead of its key earnings release later today.
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Barclays Upgrades Guidance, TotalEnergies Sinks, Universal Music Up
On this episode of Stock Movers:
- Barclays Plc’s traders cashed in on the recent market turbulence, helping the bank beat earnings estimates as it upgraded some of its guidance for the year.
- TotalEnergies SE drew a contrast with its industry peers, sticking to plans for both investor payouts and project investment despite a profit miss and a weak outlook for oil markets.
- Universal Music, the record label for artists such as Taylor Swift and Sabrina Carpenter, reported sales that beat analysts’ estimates in the first quarter, boosted by global subscriber growth.
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American Tower Positive Results, Honeywell Rises, Starbucks Earnings Miss
On this episode of Stock Movers:
- American Tower (AMT) shares are up after the wireless communications real estate investment trust reported first-quarter results that beat expectations and gave an outlook that is seen as positive.
- Honeywell International (HON) shares gain as the company raised its full-year guidance for earnings per share, saying it will offset about $500 million in tariff exposure with price changes and other actions to protect its bottom line.
- Pfizer (PFE) shares are up after CEO Albert Bourla said during an earnings call that he is “cautiously optimistic” that the pharmaceutical industry will avoid tariffs following discussions with the White House.
- Starbucks (SBUX) shares slipped in extended trading after the company reported quarterly sales fell slightly faster than expected, highlighting how hard the coffee chain will have to work to regain lost ground. Same-store sales declined 1% in the quarter ended March 30, according to a statement Tuesday, falling short of the average estimate of analysts polled by Bloomberg. Earnings per share also missed expectations.
- Super Micro Computer Inc. (SMCI) tumbled in late trading after giving preliminary results that fell well short of analysts’ estimates, a sign its comeback plan has been slow to gain traction.
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American Tower Gains, Honeywell Lifts Earnings Outlook, Pfizer Shares Up
On this episode of Stock Movers:
- American Tower (AMT) shares are up after the wireless communications real estate investment trust reported first-quarter results that beat expectations and gave an outlook that is seen as positive.
- Honeywell (HON) shares gained after the industrial conglomerate gave higher than expected guidance for second quarter adjusted earnings per share, and said it will fully offset $500 million of tariff exposure for the year.
- Pfizer (PFE) shares gained after CEO Albert Bourla said during an earnings call that he is “cautiously optimistic” that the pharmaceutical industry will avoid tariffs following discussions with the White House.
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Amazon Drops, Spotify Tumbles, UPS Falls in Pullback from Amazon
On this episode of Stock Movers:
- Amazon (AMZN) shares fall after the White House Press Secretary Karoline Leavitt said that the e-commerce company’s reported decision to display the impact of tariffs on pricing was a “hostile” act. The comments from Leavitt came after Punchbowl News reported that the e-commerce giant would “soon” begin displaying the cost of US tariffs on individual products next to the total listed price.
- Spotify (SPOT) shares tumble after the streaming company reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter Spotify said the figure was weighed down by more than €76 million in social charges, which it has defined as payroll taxes associated with employee salaries and benefits.
- UPS (UPS) shares drop after the company said it expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.com. UPS said the reduction in its operational workforce — a group that includes delivery drivers and package handlers — is part of a network overhaul in response to expected “lower volumes from our largest customer.”
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Amazon Falls, Honeywell Rises, Hims & Hers Health Surges on Wegovy Deal
On this episode of Stock Movers:
- Amazon (AMZN) shares fall after the White House Press Secretary Karoline Leavitt said that the e-commerce company’s reported decision to display the impact of tariffs on pricing was a “hostile” act. The comments from Leavitt came after Punchbowl News reported that the e-commerce giant would “soon” begin displaying the cost of US tariffs on individual products next to the total listed price.
- Honeywell (HON) shares rise after the company raised its full-year guidance for earnings per share, saying it will offset about $500 million in tariff exposure with price changes and other actions to protect its bottom line. Honeywell, which plans to split into three separate companies, will also use a multiprong approach to offsetting the impact from tariffs, it said in an investor presentation.
- Hims & Hers Health (HIMS) shares soar after the company said it would sell its popular weight-loss drug Wegovy for a reduced price on several telehealth platforms. Through NovoCare, Novo’s new direct-to-consumer pharmacy platform, Hims, LifeMD Inc., and Ro will each sell a month’s supply of Wegovy starting at $499.
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Honeywell's Strong Guidance; GM Panic; UPS Job Cuts
On this episode of Stock Movers:
- Honeywell (HON) is up after issuing a beat on estimates and raising full-year guidance. Honeywell expressed caution going forward, slightly lowering the top end of its sales and profit-margin forecasts due to tariffs and an uncertain global demand environment for the remainder of this year.
- General Motors (GM) shares are lower after withdrawing its earnings guidance for 2025 and putting $4 billion in share buybacks on hold due to uncertainty around US tariffs. Because the original guidance didn’t include impact from tariffs, prior guidance can’t be relied upon,” Paul Jacobson, the company’s chief financial officer, said on a call with reporters. “We will update when we have more information on tariffs.”
- UPS (UPS) shares are on the rise after announcing job cuts and earnings. UPS expects to cut 20,000 jobs this year and close facilities due to lower volumes from Amazon. It reported adjusted earnings of $1.49 a share for the first quarter, topping analyst estimates, but backed away from its 2025 financial guidance due to macroeconomic uncertainty.
- Royal Caribbean (RCL) shares are higher after the cruise operator boosted its adjusted earnings per share forecast for the full year. CEO Jason Liberty says “Bookings for 2025 have remained on track, cancellation levels are normal, and we continue to see excellent close-in demand”
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BP Comes Clean, Porsche Sinks, Rheinmetall Surges
On this episode of Stock Movers:
- BP’s finances took another battering in the first quarter, with a slump in cash flow and rising debt forcing the company to cut its buyback to the low end of its target range. The company was already seen as the most vulnerable oil major to weakening markets, and its first-quarter earnings reinforced that view.
- Porsche said its profit margin will slip into single digits this year, with the luxury-car maker warning about US tariffs and higher costs from weak electric-vehicle adoption. The German manufacturer now expects return on sales to fall to as low as 6.5%, down from a previous projection of at least 10%.
- Rheinmetall’s military sales soared 73% in the first quarter, as Europe’s increased defense spending drove up orders for the manufacturer’s armored trucks and weapons. The defense giant, which has a record €62.6 billion order backlog, is poised to see sales surge further as Germany’s relaxation of fiscal rules unlocks defense spending and Europe picks up efforts to decrease its reliance on the US.
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Boeing Stock Rises, Nvidia Falls, On Holding Shares Up
On this episode of Stock Movers:
- Boeing (BA) shares are up as Airbus SE agreed to take over some assets and sites from Spirit AeroSystems Holdings Inc., clearing the way for the struggling US aerospace supplier to be acquired back by its former parent. Boeing also got an upgrade over at Bernstein, saying that the airplane maker is now making the progress that it needed for the growth trajectory. However, analysts did note that while they can't assume all the risks are gone after high FAA scrutiny, BCA (Boeing Commercial Airplanes) should be on a much firmer path than in 2023”.
- Nvidia (NVDA) shares fell as the company prepares for a new challenge in the artificial-intelligence chip sector from China's Huawei Technologies. Huawei is getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia, the Wall Street Journal reported. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it, including by blocking access to some Western chip-making equipment, the newspaper said on Sunday.
- On Holding (ONON) shares jumped after Citi raised the Swiss shoemaker to buy from neutral. They said it’s among the best-positioned brands to navigate the current uncertain environment and pass on higher costs to consumers if needed. Analyst Paul Lejuez calls On one of the fastest growing brands in the athletic/apparel and footwear industries, and highlights its geographically diverse sales base and and low sourcing exposure in China.
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Spotify Down, Boeing Climbs, Plug Power Soars
On this episode of Stock Movers:
- US shares of Spotify Technology (SPOT) are down. This comes as they report first-quarter results tomorrow before the market opens in New York. Investors will be looking for more details about when and how the company will raise prices. It is reportedly planning an increase in Europe as soon as June. The Swedish streaming platform is looking for ways to fuel earnings growth, particularly in video. On Monday, the company said it paid $100 million to podcast publishers and creators in the first quarter. The company will also share an update on the video creator program that launched in January.
- Boeing (BA) are up after Bernstein upgrades to outperform from market perform noting that the aircraft maker is now “making the progress it needed for the growth trajectory.” Analysts did note that while they can't assume all the risks are gone, after high FAA scrutiny, BCA (Boeing Commercial Airplanes) should be on a much firmer path than in 2023”.
- Plug Power (PLUG) shares jumped the most in nearly a year after the hydrogen company announced a $525 million secured debt facility, said it doesn’t plan to raise more equity in 2025 and reported preliminary first-quarter results in line with analysts’ estimates. Plug expects to report revenue of $130 million to $134 million when it releases its full first-quarter results in early May, versus a consensus estimate of $131.6 million. The company also reported completing construction of a hydrogen production plant in Louisiana that will serve customers including Amazon.com Inc. and Walmart Inc.
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Boeing Rises, Eli Lilly Slips, Peloton Jumps on Anticipated Growth
On this episode of Stock Movers:
- Boeing (BA) shares rise after Bernstein upgrades to outperform from market perform noting that the aircraft maker is now “making the progress it needed for the growth trajectory.”
- Eli Lilly (LLY) shares dip after HSBC double downgraded the stock to reduce — a sell-equivalent rating — from buy, saying the drugmaker’s risk-reward “is not attractive.”
- Peloton Interactive (PTON) shares jump after the Truist Securities upgraded the fitness company to buy from hold, saying the stock is finally nearing a point where the company’s improving fundamentals should support a recovery in shares.
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Domino's Falls, Merck Rises, Airbus Higher After Assuming Spirit Assets
On this episode of Stock Movers:
- Domino's Pizza (DPZ) shares fall after the company reported revenue for the first quarter that missed the average analyst estimate. Revenue $1.11 billion, +2.5% y/y, estimate $1.12 billion. The company didn't provide an outlook for 2025.
- Merck (MRK) shares rise after the company agreed to buy SpringWorks Therapeutics Inc. for $47 per share in cash, representing an equity value of about $3.9 billion and a 26% premium for SpringWorks. The acquisition is expected to boost Merck's health-care division.
- Airbus (AIR FP) shares rise after the company agreed to take over some assets and sites from Spirit AeroSystems Holdings Inc., clearing the way for Spirit to be acquired by Boeing Co. The deal includes Airbus taking over facilities in Kinston, North Carolina; France; Belfast, Ireland; and Prestwick, Scotland, with Airbus receiving a $439 million payment from Spirit and providing $200 million in credit lines.
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Nvidia's Huawei Threat; Tesla Leads Mag 7; Deliveroo's DoorDash Bid
On this episode of Stock Movers:
- Nvidia (NVDA) is down in early trading after China’s Huawei Technologies is reportedly getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia - that's according to the Wall Street Journal. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it.
- Tesla (TSLA) is leading the Mag 7 premarket gains following its best week of 2025. Despite a less-than-great earnings last week, Tesla founder Elon Musk says he will put more focus on the company rather than government work, which has provided a boon for the stock.
- Deliveroo (DROOF) shares jumped more than 18%, the most since 2021, after the British delivery firm disclosed an acquisition offer from DoorDash. On Friday, Deliveroo said in a filing that it had received a cash offer from DoorDash at £1.80 per Deliveroo share. That would value the company at about $3.6 billion, according to calculations by Bloomberg.
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Nvidia Faces Competition; Tesla's Upswing; Boeing's Upgrade
On this episode of Stock Movers:
- Nvidia (NVDA) is down in early trading after China’s Huawei Technologies is reportedly getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia - that's according to the Wall Street Journal. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it.
- Tesla (TSLA) is leading the Mag 7 premarket gains following its best week of 2025. Despite a less-than-great earnings last week, Tesla founder Elon Musk says he will put more focus on the company rather than government work, which has provided a boon for the stock.
- Dominos (DPZ) is down in the premarket after sales missed estimates and it didn't provide an outlook for 2025. Still, Q1 revenue was higher than estimates, offering a mixed quarter print overall. Dominos larger international exposure helped lift its results in a tough environment for restaurant stocks.
- Boeing (BA) shares are higher after it was upgraded by Bernstein, citing growth potential on the horizon. Bernstein upgraded the stock to outperform from market perform. Analysts led by Douglas Harned wrote “while we cannot assume all risks are gone, after high FAA scrutiny, BCA (Boeing Commercial Airplanes) should be on a much firmer path than in 2023”
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Deals Galore: Mediobanca, DoorDash, ITV
On this episode of Stock Movers:
- Mediobanca launched a surprise €6.3 billion ($7.2 billion) offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA, opening a potential defense strategy for the Milan-based bank amid Italy’s intensifying deal wave.
- DoorDash has offered to buy UK-based Deliveroo Plc for $3.6 billion, marking a renewed attempt by the US company to expand into more overseas markets by buying smaller food delivery providers.
- France’s Banijay Group is working on plans for a takeover offer for ITV or its studio arm, Financial Times reported, citing two people familiar with the situation.
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Intel and Alaska Air Share Downbeat Outlook, Hasbro's Big Beat
On this episode of Stock Movers:
- Intel (INTC) Chief Executive Officer Lip-Bu Tan gave investors a stark diagnosis of the chipmaker’s problems on Thursday, along with the sense that it will take a while to fix them. Tan, delivering his first earnings report as CEO, said Intel’s bureaucratic corporate culture needs a shake-up, so he’s going to cut jobs, remove layers of management and force everyone back to the office. His prescriptions for other areas of malaise — such as Intel’s struggling foundry business, which makes chips for outside customers — were more vague.
- Alaska Air (ALK) shares tumbled as much as 14% on Thursday, the most intraday since December 2023, after the carrier’s second-quarter forecast for adjusted earnings per share trailed the average analyst estimate. The company also said it would not update its full-year 2025 guidance and will provide an update later in the year.
- Hasbro (HAS) shares rose as much as 15%, the most intraday since April 2023, after the toy company’s adjusted EPS and net revenue easily topped Street expectations, driven by meaningfully better-than-expected revenue from its Wizards/Gaming unit. In addition, Hasbro is accelerating elements of its cost-savings program, and now targets $175 million to $225 million in gross savings this year as it searches for additional profit offsets, it said on the conference call.
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AppFolio, Carter's and Saia All Drop on Downbeat Earnings
On this episode of Stock Movers:
- AppFolio (APPF) shares are down after the application software company reported first-quarter results that missed expectations.
- Carter's (CRI) shares also fell as much as 10% in trading after the children's apparel company suspended its financial guidance, citing its CEO transition and tariff uncertainty. The stock was down despite first-quarter sales topping Wall Street expectations.
- Saia (SAIA) shares also dropped over 30% during trading after the trucking company reported revenue and earnings per share for the first-quarter that missed analysts estimates. The firm also cited uncertainty as a factor. “Primarily resulting from an uncertain macroeconomic environment, we did not see the typical sequential growth in shipments through the quarter, with March shipments flat to February, causing our first quarter revenues to fall well below our expectations” CEO Fritz Holzgrefe said in a statement.
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Alphabet Rises, T-Mobile Falls, Intel Drops on Bleak Outlook
On this episode of Stock Movers:
- Alphabet (GOOGL) shares rise after the company reported first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Google Cloud brought in operating profit of $2.18 billion, beating analysts’ estimates for $1.94 billion despite slightly missing expectations on sales. The results indicate that Google may be eking out more profits from Cloud even as sales slow.
- T-Mobile (TMUS) shares drop after the company reported new mobile-phone subscribers that missed expectations. The weaker wireless number overshadowed otherwise positive financial results. The company raised its full-year profit forecast and expects adjusted full-year earnings of $33.2 billion to $33.7 billion before interest, taxes, depreciation and amortization.
- Intel (INTC) shares drop after Chief Executive Officer Lip-Bu Tan gave investors a stark diagnosis of the chipmaker’s problems on Thursday, along with the sense that it will take a while to fix them. What’s most clear is Intel’s short-term woes are even worse than feared. The company gave a revenue forecast for the current quarter that was well below what analysts projected.
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Alphabet Rises, Apple Lower, Skechers Drops After Pulling Forecast
On this episode of Stock Movers:
- Alphabet (GOOGL) shares rise after the company reported first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Google Cloud brought in operating profit of $2.18 billion, beating analysts’ estimates for $1.94 billion despite slightly missing expectations on sales. The results indicate that Google may be eking out more profits from Cloud even as sales slow.
- Apple (APPL) shares edged lower despite news it is seeking to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolitical tensions.
- Skechers (SKX) shares drop after the footwear company said it’s not providing financial guidance and withdrawing its previous annual outlook due to macroeconomic uncertainty stemming from global trade policies. The company also reported first-quarter sales that trailed Wall Street’s expectations.
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Alphabet's Earnings Beat; T-Mobile Customer Declines; Intel to Slash Workforce
On this episode of Stock Movers:
- Alphabet (GOOG) shares are higher this morning after reporting first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Alphabet's cloud business, Google Cloud, brought in operating profit of $2.18 billion, beating analysts' estimates, and search advertising generated $50.7 billion in sales.
- T-Mobile (TMUS) is to the downside this morning after the company reported new mobile-phone subscribers that missed expectations. Despite topping earnings and revenue estimates, the subscriber decline is concerning investors.
- Intel (INTC) shares are lower after its revenue forecast for the current quarter fell below analyst projections. The company is warning of a tariff-fueled recession that could hurt chip demand. CEO Lip-Bu Tan says the company's bureaucratic culture needs a shake-up, and plans to cut jobs, remove management layers, and require employees to work in-person four days a week.
- Skechers (SKX) is getting punished in the premarket as it became the latest company to pull guidance. The company says it’s not providing financial guidance and withdrawing its previous annual outlook due to macroeconomic uncertainty stemming from global trade policies. The company also reported first-quarter sales that trailed Wall Street’s expectations.
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Alphabet's Earnings Beat; Intel's Miss; Skechers Pulls Guidance
On this episode of Stock Movers:
- Alphabet (GOOG) shares are higher this morning after reporting first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Alphabet's cloud business, Google Cloud, brought in operating profit of $2.18 billion, beating analysts' estimates, and search advertising generated $50.7 billion in sales.
- Intel (INTC) shares are lower after its revenue forecast for the current quarter fell below analyst projections. The company is warning of a tariff-fueled recession that could hurt chip demand.
- T-Mobile (TMUS) is to the downside this morning after the company reported new mobile-phone subscribers that missed expectations. Despite topping earnings and revenue estimates, the subscriber decline is concerning investors.
- Skechers (SKX) is getting punished in the premarket as it became the latest company to pull guidance. The company says it’s not providing financial guidance and withdrawing its previous annual outlook due to macroeconomic uncertainty stemming from global trade policies. The company also reported first-quarter sales that trailed Wall Street’s expectations.
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Michelin Drives Up Growth, Saab, Accor Rise
On this episode of Stock Movers:
- Michelin shares rise as much as 4% after the French tiremaker’s price/mix was seen as a key positive in its first quarter update. Overall guidance was reiterated, but meeting it will require a stronger performance through the remainder of the year, analysts said.
- Swedish defense manufacturer Saab AB sees customers increasingly focused on cutting down delivery times as many countries race to rearm in the face of deepening geopolitical tensions.
- Accor shares rise as much as 5.6% to the highest level this month. Analysts say the French hotel operator’s results are favorable, noting positive demand commentary and expectations for net unit growth throughout the year. While net unit growth was a slight miss in the first quarter, revenue per available room, or RevPAR, beat expectations.
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Intel Disappoints, Alaska Air Slumps, Hasbro Climbs
On this episode of Stock Movers:
- Intel (INTC), the chipmaker attempting a comeback under new CEO Lip-Bu Tan, gave a weak forecast for the current period and said it’s cutting workers to bring costs in line with the business’s smaller size. Second-quarter revenue will be between $11.2 billion and $12.4 billion, the company said in a statement Thursday. That was well short of the $12.9 billion average analyst estimate, sending the shares down more than 6% in late trading.
- Alaska Air (ALK) shares tumbled as much as 14% on Thursday, the most intraday since December 2023. This comes after the carrier’s second-quarter forecast for adjusted earnings per share trailed the average analyst estimate. The company also said it would not update its full-year 2025 guidance and will provide an update later in the year.
- Hasbro (HAS) shares rose as much as 15%, the most intraday since April 2023. This comes after the toy company’s adjusted EPS and net revenue easily topped Street expectations, driven by meaningfully better-than-expected revenue from its Wizards/Gaming unit. In addition, Hasbro is accelerating elements of its cost-savings program, and now targets $175 million to $225 million in gross savings this year as it searches for additional profit offsets, it said on the conference call.
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American Airlines Forecast, Comcast Falls, IBM Tumbles
On this episode of Stock Movers:
- American Airlines Group (AAL) shares are up. However, the company withdrew its full-year earnings outlook, joining a growing number of companies hedging their bets on the broader economy. The looming impact of higher costs from the Trump administration’s trade policy is making it difficult for Corporate America to forecast how the year will play out as consumers brace for economic pain.
- Comcast Corp. (CMCSA) shares fell to their lowest level in 2 1/2 years after the company reported first-quarter losses of pay-TV and broadband customers that exceeded analysts’ estimates, a reflection of the growing competition from streaming and wireless providers. Comcast, the largest US cable provider, lost 199,000 domestic broadband customers during the first quarter, according to a statement Thursday, steeper than analysts’ estimates of 144,500. Pay-TV customers shrank by 427,000, compared with Wall Street projections for a loss of 409,300.
- IBM (IBM) shares fell the most in a year on Thursday after reporting results that showed strong profit while also suggesting that economic uncertainty and US government cost cuts may dent the company’s business. First-quarter sales increased almost 1% to $14.5 billion, IBM said Wednesday in a statement. Profit, excluding some items, was $1.60 per share. Both results exceeded analysts’ average estimates, according to data compiled by Bloomberg.
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American Airlines Up, Proctor & Gamble Falls, Newmont Rises as Gold Surges
On this episode of Stock Movers:
- American Air (AAL) shares edge higher despite withdrawing its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines.
- Proctor & Gamble (PG) shares fell, after the company cut its annual sales and profit outlook due to tariffs and volatility in consumer demand, expecting organic sales growth of approximately 2% this year. CEO Jon Moeller said the company will likely roll out price increases next year to combat tariffs, and will seek to shift sourcing or change formulations to reduce exposure to tariffs before increasing prices.
- Newmont (NEM) shares rise after the gold miner reported earnings that beat analyst estimates. The precious metal also contributed to the gains as bullion surged on mixed signals from the US on plans for China tariffs.
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IBM Falls, PepsiCo Drops, American Air Higher Despite Pulling Forecast
On this episode of Stock Movers:
- IBM (IBM) shares fall after the company reported its first-quarter results and gave an outlook. While analysts are broadly positive on the report, they failed to fully ease investor concerns. The company's CEO Arvind Krishna expressed caution about the economic environment, citing uncertainty that may cause clients to pause, and noted that the US government's cost-cutting actions have affected IBM's business.
- PepsiCo (PEP) shares drop after the company lowered its full-year profit outlook due to tariff headwinds and White House pressure, expecting 2025 earnings per share to be about even with 2024 based on constant currencies.
- American Air (AAL) shares edge higher despite withdrawing its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines.
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Tariffs Strike Merck and Pepsi; American Air Uncertainty
On this episode of Stock Movers:
- Merck (MRK) shares are higher in spite of the company cutting its adjusted earnings per share forecast for the year and saying it expects to lose $200 million to already-announced tariffs in 2025 amid a roiling trade war between the US and China. Still, the company's first-quarter results beat estimates.
- PepsiCo (PEP) shares are down after lowering its full-year profit outlook due to unpredictable US trade policy and worsening consumer sentiment, driving up costs and denting demand for its products. PepsiCo expects 2025 earnings per share to be about even with 2024, and a low single-digit rise in organic revenue, citing volatility and uncertainty in global trade developments.
- American Air (AAL) shares dropped after it withdrew its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines. The airline cited weak domestic leisure travel and economic worries, and now expects a second-quarter adjusted profit of 50 cents to $1 a share, below analyst estimates.
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Merck's Tariff Hit; Pepsi's Guidance; Chipotle's Sales Decline
On this episode of Stock Movers:
- Merck (MRK) shares are higher this morning despite the company cutting its adjusted earnings per share forecast for the year and saying it expects to lose $200 million to already-announced tariffs in 2025 amid a roiling trade war between the US and China. Still, the company's first-quarter results beat estimates.
- PepsiCo (PEP) shares are down after lowering its full-year profit outlook due to unpredictable US trade policy and worsening consumer sentiment, driving up costs and denting demand for its products. PepsiCo expects 2025 earnings per share to be about even with 2024, and a low single-digit rise in organic revenue, citing volatility and uncertainty in global trade developments.
- Texas Instruments (TXN) is on the upswing premarket as it offered a better-than-anticipated forecast for the current period due to improved demand for industrial and automotive components. The company's sales grew last quarter for the first time since 2022.
- Chipotle (CMG) is sliding in the premarket as it lowered its full-year outlook after quarterly sales declined for the first time in almost five years, citing economic uncertainty and consumer concerns about tariffs. Chipotle expects tariffs to hit second-quarter results by about 20 basis points, but is not planning to raise menu prices, and is looking to open as many as 345 restaurants this year despite potential tariff-related increases in building costs.
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Kering Struggles, Nokia's Tariff Warning, Unilever Boosts Sales
On this episode of Stock Movers:
- Gucci sales tumbled in the first quarter as efforts to revive Kering SA’s biggest brand again failed to yield signs of a turnaround amid a tough period for the luxury-goods industry.
- Nokia said that meeting the top end of its guidance for the year will be more challenging as the company grapples with the impact of tariffs.
- Unilever beat estimates for sales at the start of its fiscal year as a result of price increases, demand for premium products and improved performance in some markets.
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Kimberly-Clark Falls, Amphenol Jumps, Super Micro Leads Tech Rally
On this episode of Stock Movers:
- Kimberly-Clark (KMB) shares fell in trading today as fallout continues from their earnings report. The Texas-based diaper and paper towel manufacturer lowered profit expectations for the year, citing uncertainty arising from the impact on the global trade war on its costs.
- Amphenol (APH) shares jumped after a strong earnings report, rising along with several other semiconductor stocks in a broader tech rally. The electrical components company reported first-quarter results that beat expectations and gave an outlook that is above the analyst consensus.
- Super Micro Computer (SMCI) is among leaders in a tech rally after President Trump said that China tariffs will drop if the two countries can reach a deal. Trump made his about-face on Tuesday, saying he’d be willing to “substantially” pare back his 145% tariffs on China. He turned down his aggressive rhetoric a day after meeting with executives from Walmart Inc., Home Depot Inc. and Target Corp., who said import taxes could disrupt supply chains and raise the prices of goods, according to people familiar with the matter. Warnings about the potential for empty store shelves within weeks seemed to resonate with Trump, one of the people said. Shares of Super Micro Computer rose as much as 11% in trading on Wednesday.
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Tesla Soars on Musk's Promise, Super Micro Rises, Enphase Energy Drops
On this episode of Stock Movers:
- Super Micro Computer (SMCI) is among leaders in a tech rally after President Trump said that China tariffs will drop if the two countries can reach a deal. Trump made his about-face on Tuesday, saying he’d be willing to “substantially” pare back his 145% tariffs on China. He turned down his aggressive rhetoric a day after meeting with executives from Walmart Inc., Home Depot Inc. and Target Corp., who said import taxes could disrupt supply chains and raise the prices of goods, according to people familiar with the matter. Warnings about the potential for empty store shelves within weeks seemed to resonate with Trump, one of the people said. Shares of Super Micro Computer rose as much as 11% in trading on Wednesday.
- Enphase Energy (ENPH) shares plunged to the lowest levels in almost five years after the solar and storage provider said it sees a 6%-to-8% hit to gross margins in the third quarter from steep US tariffs imposed by the Trump administration on battery imports from China. Ahead of that, the company expects a smaller impact of about 2% in the second quarter because of batteries imported before the higher duties were imposed, Chief Executive Officer Badri Kothandaraman said on a first-quarter earnings call.
- Tesla (TSLA) shares are soaring after Elon Musk vowed to pull back “significantly” from his work with the US government and pay more mind to Tesla Inc., assuaging investors concerned about the carmaker’s worst quarter in years. The chief executive officer will devote “far more” of his time to Tesla starting next month, saying during an earnings call Tuesday that his work establishing the so-called Department of Government Efficiency will be “mostly done.” Investors and analysts have increasingly called for Musk to refocus on the electric-car company, which is struggling under the weight of slumping sales and rising costs from President Donald Trump’s trade war. Protests have sprung up in recent months in a consumer backlash against Musk’s government work.
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Tesla Gains, Boeing Rises, Philip Morris Up After Shelving US Cigar Unit Sale
On this episode of Stock Movers:
- Tesla (TSLA) shares rise after Elon Musk pledges to retreat “significantly” from his US government work to concentrate on the electric-vehicle company as his work with DOGE is “mostly done.”
- Boeing (BA ) shares rise after first-quarter results that exceeded Wall Street's estimates, with a smaller-than-expected adjusted loss per share of 49 cents. The company is ramping up jet production, aiming to raise output of its 737 Max jetliner to 38 jets per month, and later this year, seeking permission to increase to 42 units.
- Philip Morris (PM US) shares gain after the company called off the sale or separation of its $1 billion US cigar business, citing the "current environment." The company is shifting its focus towards smoke-free alternatives, with its smoke-free business accounting for 42% of its first-quarter total net revenue and aiming to generate over two-thirds of its sales from alternative products by 2030.
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Tesla Rises, Boeing Gains, AT&T Up on Positive Forecast
On this episode of Stock Movers:
- Tesla (TSLA) shares rise after Elon Musk pledges to retreat “significantly” from his US government work to concentrate on the electric-vehicle company as his work with DOGE is “mostly done.”
- Boeing (BA) shares gain after reporting first-quarter results that exceeded Wall Street's estimates, with a smaller-than-expected adjusted loss per share of 49 cents. Despite challenges from global trade dislocations and tariffs, Boeing's strong start to the year and half-trillion-dollar backlog give it flexibility to navigate the environment, according to CEO Kelly Ortberg.
- AT&T (T) shares rise after the telecom company reported first-quarter results that are seen as positive. The company rolled out fresh promotional offers this year to woo new customers and keep existing ones, including a "customer guarantee" promising better network reliability and customer service.
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Elon Turns to Tesla; Boeing's Beat
On this episode of Stock Movers:
- Tesla (TSLA) shares are up following yesterday's earnings miss. It's leading gains across the Mag 7 despite first quarter profit and revenue missing expectations. The positive spin is that CEO Elon Musk will spend more time working on Tesla rather than in government.
- Boeing (BA) shares jumped after reporting first-quarter results that exceeded Wall Street's estimates, with a smaller-than-expected adjusted loss per share of 49 cents. he company is ramping up jet production, aiming to raise output of its 737 Max jetliner to 38 jets per month, and then seeking permission to increase to 42 units later this year.
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AT&T Customer Growth; Elon Commits to Tesla; Intel Job Cuts
On this episode of Stock Movers:
- AT&T (T) shares are higher with evidence that the provider is luring customers from rivals after Verizon missed on those figures earlier in the week. AT&T reported first quarter wireless postpaid phone net adds of 324,000, topping the analyst consensus estimate of 253,528. It also reiterated its 2025 full-year guidance.
- Tesla (TSLA) shares are up following yesterday's earnings miss. It's leading gains across the Mag 7 despite first quarter profit and revenue missing expectations. The positive spin is that CEO Elon Musk will spend more time working on Tesla rather than in government.
- Intel (INTC) is up in premarket trading as it's set to announce plans to cut more than 20% of its staff. The move is part of a bid to streamline management under new CEO Lip-Bu Tan, who took the helm last month. The company is scheduled to report first-quarter results on Thursday, giving Tan an opportunity to lay out more of his strategy.
- SAP (SAP) is up this morning after it reported first quarter profit topping estimates, as it continued to show cloud growth.
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SAP Soars, Reckitt Slumps, Inditex Outperform Rating
On this episode of Stock Movers:
- SAP shares surge as much as 11%, the most since 2019, after the German software company reported a 29% growth in current cloud backlog on constant-currency terms, indicating resilient demand for its cloud-based software despite growing trade uncertainties. The company beat estimates for profits and free cash flow as its cost cuts starting last year bear fruit.
- Reckitt Benckiser reported lackluster sales growth and said market conditions could affect the timing of its transformation, causing its shares to slide.
- BNP Paribas Exane raised its recommendation on Industria de Diseno Textil to outperform from neutral as the Spanish clothing retailer is well-positioned to weather the tariff crisis.
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Tesla's Profit Misses, Equifax Beats Estimates, Northrup Grumman Sinks
On this episode of Stock Movers:
- Tesla (TSLA) backed away from an earlier view for 2025 sales growth and pledged to revisit its outlook next quarter, a sign that tariffs, an aging vehicle lineup and the backlash against Chief Executive Officer Elon Musk are having an impact on the electric-vehicle maker. The company on Tuesday reported adjusted earnings of 27 cents per share for the first quarter, below the average analyst estimate. Tesla omitted an earlier prediction that sales would return to growth for the full year, saying instead that it’s “making prudent investments that will set up” the vehicle business for growth. That will depend on factors including production increases and the “broader macroeconomic environment.” Shares in the EV maker were little changed after the earnings release.
- Equifax (EFX) shares rose the most since November 2022 on the news the credit-reporting agency's first-quarter profit beat estimates. This was despite the Atlanta-based firm declined to raise its guidance, citing the tariff-induced uncertainty in the economy and falling consumer confidence. “Given the strength in the first quarter and our current run rates in key verticals, we would normally be increasing our 2025 revenue and adjusted EPS guidance” Chief Executive Officer Mark Begor said on a call with analysts.
- Northrop Grumman (NOC) reported first-quarter profit that missed analysts’ expectations and cut its earnings forecast for the year as costs mounted for its next-generation B-21 stealth bomber. The shares fell the most since the early days of the pandemic on Tuesday, after Northrop said per-share profit declined by 47% in the first quarter, primarily due to new loss provisions tied to the B-21. Northrop, which for 2023 took a nearly $1.6 billion pretax charge on the program, added $477 million to the tally, as manufacturing costs rose and the company invested in its production systems to speed the program’s ramp-up.
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3M Jumps, Kimberly-Clark Slides, Verizon Loses Subscribers
On this episode of Stock Movers:
- 3M (MMM) shares jumped after it stood by its full-year financial guidance while acknowledging new risks from the unfolding trade war, with executives outlining its strategies to manage a turbulent business environment. Tariffs will have a negative impact of as much as 40 cents a share on full-year earnings, the company said Tuesday in a statement as it reported first-quarter results. Still, 3M reaffirmed guidance for 2025 adjusted profit of $7.60 to $7.90 a share.
- Diaper-maker Kimberly-Clark (KMB) lowered profit expectations for the year, citing uncertainty arising from the impact on the global trade war on its costs.The Texas-based manufacturer of diapers and paper towels now sees flat to positive 2025 adjusted operating profit on a constant currency basis, instead of the high single-digit growth rate it forecast in January. “The current environment will now mean greater costs across our global supply chain versus our expectations at the beginning of the year,” Chief Executive Officer Mike Hsu said in a statement announcing first-quarter results.
- Verizon (VZ) shares were lower after it reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, the result of heavy competition and less spending by government agencies. The largest US wireless provider recorded a loss of 289,000 monthly phone subscribers, according to a statement Tuesday, more than the 185,500 loss estimated by analysts on average. That’s a significant reversal from the 568,000 subscribers added in the fourth quarter and more than double the decline recorded at the same point last year. Verizon attributed some of the loss to reductions at some federal agencies, as the Trump administration moves to slash thousands of jobs.
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Tesla Rises, 3M Higher, Verizon Falls on Subscriber Decline
On this episode of Stock Movers:
- Verizon (VZ) shares fall after the company reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, the result of heavy competition and less spending by government agencies.
- 3M (MMM) shares rise after the company reaffirmed its full-year financial guidance despite acknowledging new risks from the trade war, which is expected to have a negative impact of up to 40 cents a share on full-year earnings.
- Tesla (TSLA) shares rise ahead of earnings. Tesla's stock has plummeted 53% since December, and investors are looking to Elon Musk to inject excitement back into the company when it reports results.
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Verizon Drops, Tesla Rises, Kimberly Clark Slides
On this episode of Stock Movers:
- Tesla (TSLA) shares rise ahead of earnings. Tesla's stock has plummeted 53% since December, and investors are looking to Elon Musk to inject excitement back into the company when it reports results.
- Verizon (VZN) shares drop after the telecom company reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, losing 289,000 monthly phone subscribers due to heavy competition and lower spending by government agencies.
- Limberly Clark (KMB) shares fall after the personal care product company cut its year profit outlook, and reported an expected decline in 1Q organic sales. It also sees adjusted operating profit on constant currency basis flat to positive, had seen mid-to-high single-digit growth.
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Tesla's Critical Earnings; GE Aerospace Guidance; Verizon's Drop
On this episode of Stock Movers:
- GE Aerospace (GE) is higher this morning after reaffirming its full-year financial outlook, expecting profit and sales to grow this year, driven by demand in the commercial business and cost control efforts. GE Aerospace shares had gained about 6.9% this year through Monday's close, and the company's adjusted first-quarter earnings were $1.49 a share, beating analyst estimates, with sales of $9 billion in line with estimates.
- 3M (MMM) are down in premarket trade after coining the phrase "tariff sensitivity." However, it is standing by its full-year financial guidance while acknowledging new risks from the unfolding trade war, compounding the challenges for Chief Executive Officer William Brown as he tries to turn around the sprawling manufacturer.
- Tesla (TSLA) shares are rebounding this morning after yesterday's slide. It comes ahead of a key earnings report, after Wedbush Securities analyst Dan Ives said Musk should step back from his government work and focus on Tesla, citing brand damage and a potential 15%-20% permanent demand destruction.
- Verizon (VZ) shares are lower after it reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, losing 289,000 monthly phone subscribers due to heavy competition and lower spending by government agencies. The company's operating revenue increased to $33.5 billion, topping estimates, and adjusted earnings were in line with projections, with a reaffirmed guidance for 2% to 3.5% earnings growth this year.
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GE Aerospace Jumps; 3M's Tariff Outlook; Tesla Up Ahead of Key Earnings
On this episode of Stock Movers:
- Northrop Grumman (NOC) shares are down after lowering their full year guidance for operating income. It also reported lower first-quarter profit than analysts expected and cut its earnings outlook for the year as manufacturing costs rose and the company stepped up investments in production of the B-21 bomber.
- GE Aerospace (GE) is higher this morning after reaffirming its full-year financial outlook, expecting profit and sales to grow this year, driven by demand in the commercial business and cost control efforts. GE Aerospace shares had gained about 6.9% this year through Monday's close, and the company's adjusted first-quarter earnings were $1.49 a share, beating analyst estimates, with sales of $9 billion in line with estimates.
- 3M (MMM) are down in premarket trade after coining the phrase "tariff sensitivity." However, it is standing by its full-year financial guidance while acknowledging new risks from the unfolding trade war, compounding the challenges for Chief Executive Officer William Brown as he tries to turn around the sprawling manufacturer.
- Tesla (TSLA) shares are rebounding this morning after yesterday's slide. It comes ahead of a key earnings report, after Wedbush Securities analyst Dan Ives said Musk should step back from his government work and focus on Tesla, citing brand damage and a potential 15%-20% permanent demand destruction.
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A Bitter Pill for Novo, Green Backlash Hits Orsted, Schneider Electric Down
On this episode of Stock Movers:
- Novo Nordisk slumped after a pill from rival Eli Lilly helped patients shed weight and control blood sugar about as well as its injected blockbuster Ozempic. The stock dropped as much as 9.8% to 380 kroner early in Copenhagen, the first trading day since the Thursday announcement that buoyed Lilly.
- The Trump administration halted work on an offshore wind farm being built off New York amid a broader review of the sector’s projects. The halt is the latest — and perhaps biggest — blow to a sector that seemed on the verge of major growth just four years ago.
- European electrification stocks are trading lower and underperforming the broader market on Tuesday after an analyst at Wells Fargo Securities said Amazon.com’s web services business is pausing some data center leases. Kevin Miller, vice president of global data centers at Amazon Web Services, said in a post on LinkedIn there “haven’t been any recent fundamental changes in our expansion plans,” though there has been “routine capacity management,” which can be based on such factors as price and location
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Netflix Soars, Uber Sued by FTC, Tesla Slides Ahead of Earnings
On this episode of Stock Movers:
- Netflix (NFLX) found itself one of the top performers in the S&P 500 during an otherwise down day on Wall Street. Investors have come to see Netflix as a safe bet during a time of great economic uncertainty and challenges for conventional movie and TV businesses. With a global audience of more than 700 million viewers, the company said it has seen no impact on its business from President Donald Trump’s tariffs or the market volatility that has followed. Last week, Netflix reported record profit to start the year.
- Uber (UBER) shares slid after the company was sued by the US Federal Trade Commission, which claims the rideshare and delivery company hurt consumers through “deceptive billing and cancellation practices” as part of its flagship subscription service. In a complaint filed Monday, the FTC alleges the company charged consumers for its Uber One product without their consent, misled users about the program’s savings and made it “unreasonably” burdensome to cancel the service. The agency found users can be required to navigate as many as 23 screens and take up to 32 actions to cancel, according to an FTC statement.
- Tesla (TSLA) shares fell on renewed questions over Elon Musk’s role with the federal government and uncertainty over the company’s plans to introduce a lower-cost electric vehicle. Wedbush Securities analyst Dan Ives said Tesla’s chief executive officer should step back from his controversial work at the Department of Government Efficiency and re-focus his attention on the carmaker. Tesla is facing a “code red” moment as it prepares to report first-quarter earnings Tuesday, the analyst said.
“Musk needs to leave the government, take a major step back on DOGE, and get back to being CEO of Tesla full-time,” Ives wrote in a report to clients Sunday. “Tesla is Musk and Musk is Tesla... and anyone that thinks the brand damage Musk has inflicted is not a real thing, spend some time speaking to car buyers in the US, Europe, and Asia. You will think differently after those discussions.”
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Sweetgreen Falls, Amazon Downgraded, Capital One Nears Discover Deal
On this episode of Stock Movers:
- Sweetgreen (SG) shares fell on news the salad restaurant chain's COO would leave the company. Bank of America also cut its price target from $36 to $31.
- Amazon (AMZN) was downgraded by Raymond James on anticipation that earnings will come under pressure from its increasing investments and the steep US tariff increases on imports from China. Amazon shares are down more than 30% off a February peak, participating in the broad-based market slump that has largely come on tariff uncertainty. The stock fell 3.4% on Monday, on track for both its fifth straight negative session and its lowest close since August. While Raymond James still has the equivalent of a buy rating, downgrades of Amazon are rare, and 95% of the analysts tracked by Bloomberg recommend buying the stock.
- Shares in Discover Financial (DFS) and shares in Capital One (COF) both rose following word that Capital One received approval from US regulators to buy Discover. The Federal Reserve and the Office of the Comptroller of the Currency, regulators responsible for approving the deal, announced their decisions in separate statements Friday. In giving its nod, the Fed said it evaluated “the financial and managerial resources of the companies, the convenience and needs of the communities to be served by the combined organization, and the competitive and financial stability impacts of the proposal.” The transaction — valued at $35 billion when it was announced — was awaiting a last remaining hurdle: The question of whether the US Department of Justice would sue to block the acquisition. Staff had been divided about whether the DOJ should challenge the tie-up, with some concerned the deal could harm competition, Bloomberg reported earlier this year. But antitrust division chief Gail Slater determined there wasn’t enough evidence to challenge the deal.
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Tesla Drops, Netflix Rises, Nvidia Falls on Chip and AI Concerns
On this episode of Stock Movers:
- Tesla (TSLA) shares drop after Wedbush Securities analyst and a Tesla bull Dan Ives warns of a “code red” moment ahead of first-quarter earnings. Ives said Elon Musk should step back from his work at the DOGE and focus on Tesla as he believes Musk’s involvement with the government has led to brand damage.
- Netflix (NFLX) shares rose after the streaming giant forecasted revenue for the second quarter that beat the average analyst estimate when it reported Thursday after markets closed. Analysts see the company’s business as resilient amid a tougher macro environment.
- Nvidia (NVDA) shares fall due to a growing list of perils, including a US ban on selling the H20 chip line in China. The news added to concerns that spending on AI could be poised to slow, especially as the escalating trade war further clouds overall prospects for economic growth.
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TSMC Drops, Netflix Advances, MicroStrategy Rises After Buying Bitcoin
On this episode of Stock Movers:
- TSMC (TT) shares drop as much as 2.1% in Taiwan after the company’s Arizona subsidiary posted a loss of NT$14.3 billion last year. Weakness continued in TSMC’s depository receipts in New York after company listed challenges of ensuring export control compliance.
- Netflix (NFLX) shares rose after the streaming giant forecasted revenue for the second quarter that beat the average analyst estimate when it reported Thursday after markets closed. Analysts see the company’s business as resilient amid a tougher macro environment.
- MicroStrategy (MSTR) shares rise after it announced it bought 6,556 Bitcoin for $555.8 million between April 14 and April 20, raising its total holdings to more than $36.4 billion.
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Tesla Slides Again; Capital One and Discover; Hertz Pulls Back
On this episode of Stock Movers:
- Tesla (TSLA) shares are lower this morning after Wedbush Securities analyst and a Tesla bull Dan Ives warns of a “code red” moment ahead of first-quarter earnings. Ives said Elon Musk should step back from his work at the DOGE and focus on Tesla as he believes Musk’s involvement with the government has led to brand damage.
- Capital One (COF) shares are after receiving approval from US regulators to buy Discover Financial Services, creating the nation's biggest credit-card issuer by loan volume. The deal, valued at $35 billion, is expected to close on May 18 and will increase competition in payment networks, offer more products to customers, and deliver community benefits. Discover also was trading higher in premarket.
- Netflix (NFLX) shares have continued their climb higher after Thursday's earnings report that showed record profit to start the year, with first-quarter earnings rising 25% to $6.61 a share, beating analysts' estimates. Netflix projected strong results in the current quarter, forecasting sales will grow 15% to $11 billion and a 44% jump in earnings to $7.03 a share, both above Wall Street projections.
- Hertz (HTZ) shares are lower this morning after it jumped significantly this week following Bill Ackman's major investment in the company.
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Tesla Declines Again; Cryptos Pop; Capital One Up on Discover Deal
On this episode of Stock Movers:
- Tesla (TSLA) shares are lower this morning after Wedbush Securities analyst and a Tesla bull Dan Ives warns of a “code red” moment ahead of first-quarter earnings. Ives said Elon Musk should step back from his work at the DOGE and focus on Tesla as he believes Musk’s involvement with the government has led to brand damage.
- Coinbase (COIN) is rising along with other crypto stocks as several crypto firms plan to apply for bank charters, according to a WSJ report.
- Capital One (COF) shares are after receiving approval from US regulators to buy Discover Financial Services, creating the nation's biggest credit-card issuer by loan volume. The deal, valued at $35 billion, is expected to close on May 18 and will increase competition in payment networks, offer more products to customers, and deliver community benefits. Discover also was trading higher in premarket.
- Netflix (NFLX) shares have continued their climb higher after Thursday's earnings report that showed record profit to start the year, with first-quarter earnings rising 25% to $6.61 a share, beating analysts' estimates. Netflix projected strong results in the current quarter, forecasting sales will grow 15% to $11 billion and a 44% jump in earnings to $7.03 a share, both above Wall Street projections.
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Weekly Roundup: UnitedHealth Drops, Eli Lilly Surges, Netflix Rises
On this episode of Stock Movers:
- UnitedHealth Group (UNH) shares fell the most in 26 years. The company cut its annual forecast and reported its first earnings miss in more than a decade, in a foreboding sign that weighed on other insurance stocks. UnitedHealth Group said it was blindsided by rising medical costs as the first quarter closed, upending a forecast it had affirmed just three months ago.
- Eli Lilly (LLY) shares surged after its experimental pill helped patients shed weight and control blood sugar about as well as Ozempic, an advance that could turbocharge what’s already one of the fastest growing markets in medicine. The triumph of Ozempic, the blockbuster diabetes shot from Novo Nordisk A/S, and related drugs including Zepbound and Mounjaro from Lilly, has set off an all-out push to develop a pill that’s easier to take and less expensive to make. While rivals including Pfizer have suffered setbacks, analysts said success is critical to creating the $130 billion market they predict by the end of the decade.
- Netflix Inc. reported first-quarter profit that exceeded Wall Street forecasts, boosted by a recent price increase and a strong slate of programming across the globe, like the hit UK series Adolescence. The owner of the world’s most popular online TV network said in a statement Thursday that earnings rose 25% to $6.61 a share, easily beating analysts’ estimates of $5.68. Sales grew 13% to $10.5 billion, in line with projections. This is the first time Netflix has reported financial results without disclosing how many customers it added or lost — the main yardstick investors previously used to gauge the company’s performance. Management is forcing investors to judge its success or failure based on more traditional financial metrics.
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UnitedHealth Falls, Eli Lily Surges, FIS Strikes a Deal
On this episode of Stock Movers:
- UnitedHealth Group (UNH) shares fell the most in 26 years. The company cut its annual forecast and reported its first earnings miss in more than a decade, in a foreboding sign that weighed on other insurance stocks. UnitedHealth Group said it was blindsided by rising medical costs as the first quarter closed, upending a forecast it had affirmed just three months ago.
- Eli Lilly (LLY) shares surged after its experimental pill helped patients shed weight and control blood sugar about as well as Ozempic, an advance that could turbocharge what’s already one of the fastest growing markets in medicine. The triumph of Ozempic, the blockbuster diabetes shot from Novo Nordisk A/S, and related drugs including Zepbound and Mounjaro from Lilly, has set off an all-out push to develop a pill that’s easier to take and less expensive to make. While rivals including Pfizer have suffered setbacks, analysts said success is critical to creating the $130 billion market they predict by the end of the decade.
- Fidelity National Information Services (FIS) shares surged while Global Payments (GPN) shares are down. This comes after the company agreed to buy rival Worldpay from GTCR and Fidelity National Information Services. Global Payments also agreed to offload its issuer-solutions business to FIS. Some analysts are skeptical of Global Payments’ ability to accelerate growth following the Worldpay acquisition, while KBW downgraded Global Payments, saying its outlook is now more complicated.
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Charles Schwab Rises, DR Horton Falls, Google Drops After Ad Ruling
On this episode of Stock Movers:
- Charles Schwab’s (SCHW) shares rise after it said daily average trades exceeded expectations as retail investors rushed to respond to market volatility in the first three months of the year, with company executives saying drivers of future earnings are in flux.
- D.R. Horton (DHI) shares falls 1.5% after the homebuilder lowered guidance for full-year revenue; the guidance missed the average analyst estimate. Spring sales started slower than expected, cites “continued affordability constraints and declining consumer confidence”
- Google (GOOGL) shares drop after a federal judge found Google guilty of illegally monopolizing online advertising technology markets for advertising exchanges and ad servers.
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UnitedHealth Plunges, Eli Lilly Surges, TSMC ADRs Rise on Forecast
On this episode of Stock Movers:
- UnitedHealth (UNH) shares plunge after the company cut its annual forecast and reported its first earnings miss in over a decade. The company attributed the miss to rising medical costs, particularly in Medicare Advantage health plans and its Optum Health care delivery business, which were affected by Medicare payment changes.
- Eli Lilly (LLY) shares surge after data showed its experimental weight-loss pill worked as well as the Ozempic shot, bringing it one step closer to developing a needle-free alternative. The trial is one of several that Lilly is running to test the drug, called orforglipron, in diabetes, obesity and other related conditions like sleep apnea. Investors and analysts had expected it to work at least as well as Ozempic, the blockbuster diabetes shot from Novo Nordisk A/S.
- TSMC (TT) ADRs rise after the chipmaker forecast sales for the second quarter that beat the average analyst estimate. The company kept its growth outlook for 2025 on expectations of AI revenue doubling.
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United Health Earnings Setback; Eli Lilly Soars; TSMC Beats Forecast
On this episode of Stock Movers:
- United Health (UNH) is sinking considerably this morning after it cut its full year adjusted EPS forecast and missed first quarter earnings estimates. The company cites heightened care needs in Medicare and unanticipated changes in its Optum Health care delivery business. The company expects adjusted earnings in 2025 to be $26 to $26.50 a share, down from a previous range of $29.50 to $30 a share, and the company says factors affecting earnings should be "highly addressable" this year and in 2026.
- Eli Lilly (LLY) shares are soaring this morning after announcing its drug, oforglipron, became the first small molecule GLP-1 to successfully complete a Phase 3 trial.
- TSMC (TSM) shares jumped this morning in premarket trading after the chipmaker forecast sales for the second quarter that beat the average analyst estimate. The company kept its growth outlook for 2025 on expectations of AI revenue doubling.
- Hertz (HTZ) jumped this morning after it experienced its biggest gain ever yesterday. The upswing followed a CNBC report that stated Pershing Square Capital Management had amassed a position of almost 20% in the beleaguered car rental company. Bill Ackman’s investment firm said in a filing Wednesday that it bought 12.7 million shares valued at about $46.5 million at the time of the purchase.
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United Health Sinks on Earnings; Eli Lilly's Drug Pop; Hertz's Rise Continues
On this episode of Stock Movers:
- United Health (UNH) is sinking considerably this morning after it cut its full year adjusted EPS forecast and missed first quarter earnings estimates. The company cites heightened care needs in Medicare and unanticipated changes in its Optum Health care delivery business. The company expects adjusted earnings in 2025 to be $26 to $26.50 a share, down from a previous range of $29.50 to $30 a share, and the company says factors affecting earnings should be "highly addressable" this year and in 2026.
- Hertz (HTZ) jumped this morning after it experienced its biggest gain ever yesterday. The upswing followed a CNBC report that stated Pershing Square Capital Management had amassed a position of almost 20% in the beleaguered car rental company. Bill Ackman’s investment firm said in a filing Wednesday that it bought 12.7 million shares valued at about $46.5 million at the time of the purchase.
- Eli Lilly (LLY) shares are soaring this morning after announcing its drug, orforglipron, became the first small molecule GLP-1 to successfully complete a Phase 3 trial.
- Alcoa (AA) shares are lower this morning after reporting first quarter earnings. While the aluminum producer's adjusted profit topped estimates, its revenue missed forecasts, and the company says it incurred $20 million in costs on tariffs related to Canadian imports.
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China Weak Hermès Demand, Siemens Energy Rises, Sainsbury Outlook
On this episode of Stock Movers:
- Hermès’ sales at the start of the year were hurt by a slowdown in Chinese demand, showing that even the most resilient purveyor of high-end goods wasn’t spared the slump in the luxury industry there. First-quarter sales in Asia Pacific excluding Japan rose 1.2% at constant exchange rates, Hermès International SCA said in a statement Thursday, below the 4% gain analysts had expected. Total sales in the period reached €4.1 billion ($4.7 billion), with the 7.2% growth falling slightly shy of analysts’ estimates. Shares slid as much as 4.2% in early Paris trading.
- Siemens Energy AG shares surged after the company substantially raised its revenue and net income outlook for the fiscal year, citing demand for gas turbines, gas services and electricity products. The German manufacturer expects comparable revenue to grow as much as 15% this fiscal year through September, up from as much as 10% previously, the company said in a Wednesday pre-releasing quarterly earnings. Net income will rise to as much as €1 billion, up from a previous about break-even guidance.
- J Sainsbury Plc expects profits to be little changed this year as higher costs and intense competition put pressure on supermarket groups. Britain’s second-largest grocer forecast underlying operating profit from retail of about £1 billion ($1.3 billion), around the same level as last year. It’s the first time Sainsbury’s has reached that mark, although its Argos brand weighed on the performance.
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Defense Stocks Rise, JB Hunt Falls, Hertz Skyrockets
On this episode of Stock Movers:
- Northrop Gruman (NOC) and Lockheed Martin (LMT) shares are up after Morgan Stanley upgraded their view on defense companies. The bank said it’s taking into consideration the $1 trillion defense budget and potential for increased international exports.
- JB Hunt (JBHT) shares fell as analysts point to continuing concerns about the impact of tariffs and the broader economy on the trucker, even after the company reported first-quarter profit above expectations.
- Hertz Global Holdings (HTZ) shares had their biggest gain ever on reports that Pershing Square Capital Management amassed a position of almost 20% in the beleaguered car rental company. Bill Ackman’s investment firm said in a filing Wednesday that it bought 12.7 million shares valued at about $46.5 million at the time of the purchase.
- Omnicom Group (OMC) shares are down after the advertising company reported its first-quarter results. Revenue was fractionally under expectations, while operating profit was more significantly below the consensus analyst forecast.
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ASML Falls, Interactive Brokers Drops, JB Hunt Shares Lower on Tariff Concerns
On this episode of Stock Movers:
- ASML (ASML) shares fall after it reported first-quarter orders that were almost a billion euros less than expected and warned it doesn’t know how to quantify the impact of recent tariff announcements that are threatening to upend the semiconductor industry.
- Interactive Brokers Group (IBKR) shares drop after posting 1Q adj. EPS and net interest income that fell short of expectations. The quarter’s general and administrative expenses increased 24% from the year-earlier period, driven primarily by an increase of $8 million in advertising expenses
- JB Hunt (JBHT) shares fall as analysts point to continuing concerns about the impact of tariffs and the broader economy on the trucker, even after the company reported first-quarter profit above expectations.
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Nvidia Falls, Hertz Jumps, United Airlines Higher on Dual Forecasts
On this episode of Stock Movers:
- Nvidia (NVDA) shares fall after President Donald Trump’s administration banned the chip giant from selling its H20 chip in China. The firm warns it will report about $5.5 billion in writedowns during the current quarter, tied to inventory and commitments for the chip.
- Hertz (HTZ) shares soar after Pershing Square Capital Management revealed a large stake in the beleaguered car rental company. Bill Ackman’s investment firm bought 12.7 million shares valued at about $46.5 million at the time of the purchase, according to a filing Wednesday, making it one of Hertz’s largest shareholders.
- United Airlines (UAL) shares are higher after it provided two possible earnings scenarios, expecting an adjusted profit of $11.50 to $13.50 a share if the current environment remains stable, and $7 a share if the US economy enters a recession.
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Nvidia and ASML Push Chips Lower; United's Positive Guidance; Tesla China Parts
On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower this morning, leading a slide in global chip stocks, due to new US government restrictions on Nvidia chip exports to China. The restrictions on Nvidia's H20 chip are seen as a permanent policy driven by concerns over China's rise in the electronics sector and are expected to have a significant negative impact on the semiconductor supply chain.
- ASML Holding NV (ASML) shares are down not just due to Nvidia chip restrictions, but on comments regarding outlook from leadership due to tariffs and a disappointing report on orders.
- United Airlines (UAL) shares are higher after the carrier said it expects resilient earnings in the second quarter. It says its 2025 outlook remains achievable.
- Tesla (TSLA) share are lower after pausing the shipping of key components from China for its Cybercab and Semi models. It comes amid a growing US-China trade war.
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Nvidia Chip Curb Slide; ASML Follows Nvidia Down; United Airlines Hopeful Outlook
On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower this morning, leading a slide in global chip stocks, due to new US government restrictions on Nvidia chip exports to China. The restrictions on Nvidia's H20 chip are seen as a permanent policy driven by concerns over China's rise in the electronics sector and are expected to have a significant negative impact on the semiconductor supply chain.
- ASML Holding NV (ASML) shares are down not just due to Nvidia chip restrictions, but on comments regarding outlook from leadership due to tariffs and a disappointing report on orders.
- United Airlines (UAL) shares are higher after the carrier said it expects resilient earnings in the second quarter. It says its 2025 outlook remains achievable.
- The Metals Company (TMC) is looking to continue the streak of gains for rare metals miners as the government plans to allow stockpiling of critical minerals.
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Tech Stocks Fall, Small Beer, Novo Nordisk
On this episode of Stock Movers:
- Technology stocks fell as new US government restrictions on the export of Nvidia Corp. chips to China and a disappointing report from Dutch chip-equipment maker ASML Holding NV fanned trade war concerns.
- Heineken NV said volumes of beer fell less than expected, even as a late Easter dampened demand for its top-selling brands in Europe and the Americas.
- BNP Paribas Exane initiated coverage of Novo Nordisk with a recommendation of underperform and a Street-low price target of DKK405.00. The broker cites the obesity drugmaker’s valuation, as well as demand and competition.
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Bank of America Earnings, HP Enterprise Gains, Albertsons Shares Slides
On this episode of Stock Movers:
- Bank of America (BAC) gains as traders posted a record quarter. The bank reaped the benefits of volatile markets, and net interest income topped analysts’ estimates. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America beat analysts’ estimates for per-share earnings. Trading of fixed income, currencies and commodities came in close to expectations, bringing in $3.46 billion.
- Hewlett Packard Enterprise (HPE) is up on Bloomberg's reporting that Elliott Investment Management built a large position in the software and networking company. Elliott plans to engage with the software and networking company to help it boost value. The investment makes Elliott one of the company’s top five shareholders, according to data compiled by Bloomberg. Elliott’s exact intentions at HPE couldn’t be immediately learned.
- Albertsons (ACI) shares slid, putting the stock on track for its biggest one-day decline since October 2022, after the grocer’s fiscal-year adjusted EPS forecast trailed the consensus estimate. During the earnings call, COO and incoming CEO Susan Morris called the past year an “investment year.” CFO Sharon McCollam also said that its outlook excludes the impact of tariffs.
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Bank of America & Citi Climb on Results, Netflix Revenue Goals, Moderna Falls
On this episode of Stock Movers:
- Bank of America (BAC) shares climbed as the bank reported record trading revenue as the company's stock traders reaped the benefits of volatile markets. Revenue from trading rose 17% to just over $2 billion in the first three months of the year. The big bank's topline revenue was over $27 billion, highest in more than a decade. Meantime, Citi (C) shares also rose as after the bank reported FICC sales and trading revenue for the first quarter that beat Wall Street expectations.
- Netflix (NFLX) shares are in the green ahead of their earnings report coming later this week. Reports earlier from the Wall Street Journal said it aims to double its revenue and reach a $1 trillion market capitalization by 2030.
- Moderna (MRNA) shares are down as a panel of CDC advisers are meeting for the first time under new Health and Human Services Secretary Robert F. Kennedy Jr. to review data and make recommendations on vaccine policy. The CDC’s Advisory Committee on Immunization Practices (ACIP) will evaluate several shots.
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Bank of America Climbs, Netflix Rises, Boeing Falls as China Halts Jet Orders
On this episode of Stock Movers:
- Bank of America (BAC) shares climb after its stock traders posted a record quarter due to volatile markets. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America beat analysts’ estimates for per-share earnings.
- Netflix (NFLX) shares rise after the Wall Street Journal reported that the streaming-video giant aims to double its revenue and reach a $1 trillion market capitalization by 2030.
- Boeing (BA) shares fall after Bloomberg reported that China had ordered its airlines not to take any further deliveries of the planemaker’s jets. It's part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods, according to people familiar with the matter.
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Applied Digital Falls, Rocket Lab Rises, Netflix Higher on Growth Potential
On this episode of Stock Movers:
- Applied Digital (PLD) shares fall after the digital infrastructure company reported third-quarter results that missed expectations for revenue and adjusted Ebitda. Analysts remain focused on when the company will sign a lease with a hyperscaler.
- Rocket Lab (RKLB) shares rise after the company said it was selected to provide hypersonic test launch capability through development programs in the US and UK. The company intends to bid for contracts and task orders across both programs with its Hypersonic Accelerator Suborbital Test Electron launch vehicle
- Netflix (NFLX) shares rise after the Wall Street Journal reported that the streaming-video giant aims to double its revenue and reach a $1 trillion market capitalization by 2030.
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Citi and Bank of America Earnings; GM Trends Down; Boeing China Conerns
On this episode of Stock Movers:
- Bank of America (BAC) is higher this morning after it reported strong earnings with big bank earnings wrapping up this week. Chairman and CEO Brian Moynihan also said that the bank will have to potentially face changing economic conditions.
- General Motors (GM) is selling off after yesterday's gains that came when President Trump signaled he's looking to pause auto tariffs so car companies can adjust to the duties. The president says the automakers will "need a little more time" to adjust to manufacturing auto parts in the US.
- Boeing (BA) is lower this morning on a headline that China has ordered its airlines to stop taking deliveries of Boeing jets and to halt purchases of aircraft-related equipment and parts from US companies. The move is seen as part of the ongoing trade war between the US and China, with China imposing retaliatory tariffs of 125% on American goods, including aircraft and parts.
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General Motors Trends Down; Bank of America Pops on Earnings; Boeing Slides on China News
On this episode of Stock Movers:
- Bank of America (BAC) is higher this morning after it reported strong earnings with big bank earnings wrapping up this week. Chairman and CEO Brian Moynihan also said that the bank will have to potentially face changing economic conditions.
- General Motors (GM) is selling off after yesterday's gains that came when President Trump signaled he's looking to pause auto tariffs so car companies can adjust to the duties. The president says the automakers will "need a little more time" to adjust to manufacturing auto parts in the US.
- Boeing (BA) is lower this morning on a headline that China has ordered its airlines to stop taking deliveries of Boeing jets and to halt purchases of aircraft-related equipment and parts from US companies. The move is seen as part of the ongoing trade war between the US and China, with China imposing retaliatory tariffs of 125% on American goods, including aircraft and parts.
- PepsiCo (PEP) is lower after Bank of America analyst Bryan Spillane downgraded the company to Neutral from Buy with a $155 price target, citing Frito-Lay North America growth likely remaining below the long-term trendline this year.
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Hermes Conquers LVMH, Auto's Gain, BE Semi Shares Jump
On this episode of Stock Movers:
- Hermès’s market capitalization surpassed that of rival LVMH, the conglomerate which once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès International SCA’s valuation reached €243.65 billion ($276.3 billion) on Tuesday, briefly crossing the €243.44 billion of LVMH Moët Hennessy Louis Vuitton SE and catapulting it into the most valuable company on France’s benchmark CAC40 index. The stunning reversal in fortunes comes after LVMH tumbled as much as 8.4% in Paris following disappointing first-quarter results on slowing demand in China and the US and amid threats of an escalating trade war.
- President Donald Trump said he is exploring possible temporary exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing. “I’m looking at something to help car companies with it,” Trump told reporters Monday in the Oval Office. “They’re switching to parts that were made in Canada, Mexico and other places, and they need a little bit of time, because they’re going to make them here.”
- BE Semiconductor shares rally as much as 9.7% after Applied Materials said it has acquired a 9% stake in the Dutch chip-equipment maker via market-based transactions. Applied Materials says the investment isn’t subject to regulatory approvals; it doesn’t intend to seek board representation at BE Semi, and it has no plans to purchase additional shares
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GM Shares Jump, Apple Rises on Tariff Pause, Meta Antitrust Trial
On this episode of Stock Movers:
- General Motors (GM) shares were up as President Donald Trump's said he's exploring possible temporary exemptions to automotive tariffs Monday. The pause would give auto companies more time to set up US manufacturing. Trump imposed a 25% tariff on fully built vehicles, with duties on parts set to take effect no later than May 3. His separate tariffs on Canada and Mexico already contain a carveout for vehicles with enough domestic content to meet requirements under the existing North American trade agreement.
- Apple (APPL) shares jumped as the Trump administration pressed ahead with plans for semiconductor tariffs but on Monday touted exclusions for popular consumer electronics from 125% tariffs on China and a 10% baseline global tariff as beneficial for Apple.
- Meta (META) shares dropped as the US Federal Trade Commission pushed ahead with its antitrust probe against the social media giant. They are arguing that the company must be broken up for illegally monopolizing the social media market after buying Instagram and WhatsApp more than a decade ago. Meta CEO Mark Zuckerberg testified in federal court earlier today. He argued that Meta's social networks are not just about friends, but also about discovering and learning about the world.
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Apple Jumps on Tariff Exemptions, Southwest & Chipotle Lower Price Targets
On this episode of Stock Movers:
- Apple (APPL) shares jump 4.5% on Monday after US President Donald Trump’s administration temporarily exempted phones, computers and chips from its so-called reciprocal tariffs. The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries. However, following the exemptions, Trump went on to pledge that he will still apply tariffs to popular consumer electronics — making the reprieve seem temporary and part of the longstanding plan to apply a different, specific levy to the sector
- Chipotle Mexican Grill (CMG) shares dropped as RBC analysts lowered the company's price target to $65 from $70 but keep an outperform rating on the shares. RBC also points that demand for the company's newly introduced Chipotle Honey Chicken might be softer than expected.
- Southwest Airlines (LUV) shares are down as the company's price targets were downgraded by Bank of America and Citi. This comes after Delta and other airlines are sending warning signs for the industry and overall demand for travel.
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Apple Rises, Intel Jumps, Peloton Gains as Deutsche Bank Raises to Buy
On this episode of Stock Movers:
- Apple (AAPL) (AAPL) leads gains of Magnificent Seven stocks higher after President Donald Trump’s administration exempted phones, computers, and popular electronics from its so-called reciprocal tariffs.
- Intel Corp. (INTC) shares rise after agreeing to sell 51% of its Altera business to Silver Lake. The deal expected to close in the second half of 2025
- Peloton (PTON) shares rise after Deutsche Bank upgraded the exercise equipment maker to buy, saying the shares had been “unfairly punished” since second-quarter earnings.
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Apple Jumps, Goldman Rises, Pfizer Lower After Abandoning Obesity Pill
On this episode of Stock Movers:
- Apple (AAPL) shares jump on Monday after US President Donald Trump’s administration temporarily exempted phones, computers and chips from its so-called reciprocal tariffs. The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries.
- Goldman Sachs (GS) shares rise after stock traders posted their highest quarterly revenue haul on record, riding a wave of volatility triggered by an emerging global trade war that’s roiled financial markets. Equity-trading revenue rose 27% from a year earlier to $4.19 billion for the first three months of the year, according to a statement Monday.
- Pfizer (PFE) shares edge lower after it halted development of its highest profile experimental drug, an obesity pill aimed at the blockbuster weight-loss market dominated by shots from Novo Nordisk A/S and Eli Lilly & Co., after it was linked to liver damage in a clinical trial.
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Goldman Higher on Earnings; Apple Tariff Relieve; Pfizer Drug Pivot
On this episode of Stock Movers:
- Goldman Sachs (GS) shares are higher after reporting earnings. The big bank approved a $40 billion share buyback program and its 1Q equities trading revenue beat estimates.
- Apple (AAPL) is also higher with news of tech tariff exemptions. Needham analyst Laura Martin is also reiterating her Apple Buy position in addition to the news, maintaining her $225 price target.
- Pfizer (PFE) is down today as it plans to abandon its obesity pill, danuglipron, due to a potentially drug-related liver injury in a clinical trial patient. The company will instead invest in earlier-stage obesity treatments, a setback in its efforts to compete with Novo Nordisk and Eli Lilly in the weight-loss market.
- Intel (INTC) is soaring this morning as many chip-exposed companies are rising on news of a pause in US tariffs on chips and tech. Intel is also nearing an agreement to sell a stake in its programmable chips unit, Altera, to Silver Lake Management.
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Apple and Intel Soar on Tariff Pause; Pfizer Down on Obesity Drug Pivot
On this episode of Stock Movers:
- Intel (INTC) is soaring this morning as many chip-exposed companies are rising on news of a pause in US tariffs on chips and tech. Intel is also nearing an agreement to sell a stake in its programmable chips unit, Altera, to Silver Lake Management.
- Apple (AAPL) is also higher with news of tech tariff exemptions. Needham analyst Laura Martin is also reiterating her Apple Buy position in addition to the news, maintaining her $225 price target.
- Pfizer (PFE) is down today as it plans to abandon its obesity pill, danuglipron, due to a potentially drug-related liver injury in a clinical trial patient. The company will instead invest in earlier-stage obesity treatments, a setback in its efforts to compete with Novo Nordisk and Eli Lilly in the weight-loss market.
- Comcast (CMCSA) is down after it was cut by Wells Fargo to underweight with a price target of $31.
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Tech Stocks Bounce, China EV Power UP, LVMH Preview
On this episode of Stock Movers:
- President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake US trade. The late Friday reprieve — exempting a range of popular electronics from 125% tariffs on China and a 10% flat rate around the globe — is temporary and a part of the longstanding plan to apply a different, specific levy to the sector. Trump doubled down on the plan Sunday.
- Shares of Chinese electric vehicle makers extend gains Monday after a news report said that China is in talks with the European Union to set minimum prices on EVs made in the Asian nation, instead of tariffs. BYD rises as much as 4.1% in Hong Kong, Geely +5.5%, Great Wall Motor +2.6%, Xpeng +7.7%, Nio +8.8%; SAIC Motor gains as much as 2.8% in Shanghai.
- Europe’s luxury-goods stocks have had a turbulent start to the year, giving investors plenty to consider heading into first-quarter results from sector bellwether LVMH. The January rally in luxury shares is now a distant memory, as President Donald Trump’s trade war threatens to escalate a violent equity selloff and inflict more pain on Europe’s makers of finer things. A luxury stocks index compiled by Goldman Sachs Group Inc. has shed more than $200 billion from its February peak, and hopes are evaporating that Chinese stimulus can spark a lasting rebound.
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Weekly Roundup: Newmont Rises, Nvidia Soars, JPMorgan Up
On this episode of Stock Movers:
- Shares of Newmont (NEM) rose after UBS analyst Daniel Major upgraded the gold miner to "buy" from "neutral" and hiked the price target to $60 from $50 before the opening bell on Friday. The comes as gold rose to a record above $3,200 an ounce, as concerns about the impact of tariffs on the global economy boosted bullion’s appeal as a haven for investors. Prices gained as much as 1.9% to $3,237.89 on Friday, eclipsing the previous all-time high posted Thursday. Prices headed for a weekly increase of about 6%. Gold’s haven status has been underlined this week, with President Donald Trump’s flip-flopping on tariffs sparking frantic selloffs for US stocks, bonds and the dollar, as fears of a worldwide recession engulfed Wall Street.
- Wall Street’s gyrations shook markets anew, with stocks wiping out losses to extend their best weekly gain since 2023. Shares in chip giant Nvidia (NVDA) saw wild swings, rising as high as 18% on Wednesday before closing up about 3% in Friday trading.
- JPMorgan Chase's (JPM) stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January. The biggest US bank boosted equities markets revenue 48% to $3.81 billion, trouncing analysts’ expectations as well as the firm’s previous stock-trading record set four years ago. Still, Chief Executive Officer Jamie Dimon struck a cautious tone about prospects for the US economy in a statement Friday accompanying the results. “The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars,’ ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility,” Dimon said in the statement.
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JPMorgan Rises on Earnings, Texas Instruments Slides, Newmont Soars
On this episode of Stock Movers:
- JPMorgan Chase's (JPM) stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January. The biggest US bank boosted equities markets revenue 48% to $3.81 billion, trouncing analysts’ expectations as well as the firm’s previous stock-trading record set four years ago. Still, Chief Executive Officer Jamie Dimon struck a cautious tone about prospects for the US economy in a statement Friday accompanying the results. “The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars,’ ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility,” Dimon said in the statement.
- Shares of chipmakers with US manufacturing plants, like Texas Instruments (TXN) fell Friday after China announced new tariffs, targeting semiconductor imports. Beijing will raise tariffs on all US goods from 84% to 125%, and the China Semiconductor Industry Association issued an emergency notice, which stated that customs determines the origin of imports by where chips are manufactured, not the home country of origin. The news put particular pressure on Texas Instruments and Intel, which have semiconductor plants located in the US. TI shares fell 6.8%, while Intel sank 3.7%
- Shares of Newmont (NEM) rose after UBS analyst Daniel Major upgraded the gold miner to "buy" from "neutral" and hiked the price target to $60 from $50 before the opening bell on Friday. The comes as gold rose to a record above $3,200 an ounce, as concerns about the impact of tariffs on the global economy boosted bullion’s appeal as a haven for investors. Prices gained as much as 1.9% to $3,237.89 on Friday, eclipsing the previous all-time high posted Thursday. Prices headed for a weekly increase of about 6%. Gold’s haven status has been underlined this week, with President Donald Trump’s flip-flopping on tariffs sparking frantic selloffs for US stocks, bonds and the dollar, as fears of a worldwide recession engulfed Wall Street.
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Texas Instruments Falls, Newmont Climbs, Wells Fargo Drops on Tariff Uncertainty
On this episode of Stock Movers:
- Texas Instrument (TXN) shares fall, as geopolitical tensions between the U.S. and China continue to escalate. Earlier, the China Semiconductor Industry Association issued an emergency notice on the method for determining the origin of chip imports.
- Newmont (NEM) shares climb 3.9% premarket after UBS analyst Daniel Major upgraded the gold miner to buy from neutral and hiked the price target to $60 from $50 as the bank lifts its price forecast for bullion to $3,500 in 2026 and expects more cash returns.
- Wells Fargo & Co (WFC)shares drop, as the firm missed analysts’ estimates for net interest income in the first quarter with soft loan demand hurting the bank’s largest revenue stream as tariff uncertainty clouds the US economic outlook.
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JPMorgan Higher, Morgan Stanley Rises, Texas Instruments Falls on US-China Tensions
On this episode of Stock Movers:
- JPMorgan Chase & Co.’s (JPM) shares rise as stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January.
- Morgan Stanley’s (MS) shares rise as stock-traders delivered first-quarter revenue that exceeded analyst predictions, as Wall Street’s biggest banks continue to benefit from turbulence ignited by President Donald Trump’s policies.
- Texas Instrument (TXN) shares fall, as geopolitical tensions between the U.S. and China continue to escalate. Earlier, the China Semiconductor Industry Association issued an emergency notice on the method for determining the origin of chip imports.
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JPMorgan, Wells Fargo, and Morgan Stanley Higher on Earnings
In this episode of Stock Movers:
- JPMorgan (JPM) shares are higher after it blew past earnings estimates. The big bank still offered a cautious outlook amid uncertainty over tariffs and the US-China trade war. CEO Jamie Dimon did express caution about the US economy, citing potential negatives such as tariffs, trade wars, and high fiscal deficits, and warned that a recession is a "likely outcome".
- Wells Fargo (WFC) is also getting a boost but pared some gains this morning after reporting earnings, but it did miss on net interest income estimates. It did warn of a slowing economic environment after reporting results. The bank's non-interest expenses beat expectations with a 3.1% decline to $13.9 billion, and its provisions for credit losses were $932 million, less than forecast.
- Morgan Stanley (MS) shares are also higher after it recorded record results - net revenues for the first quarter were a record $17.7 billion. Within that, Institutional Securities (trading and banking) reported record net revenues of $9.0 billion.
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JPMorgan Beats Estimates; BlackRock Fund Flows; Texas Instruments Production
On this episode of Stock Movers:
- JPMorgan (JPM) shares are higher after it blew past earnings estimates. The big bank still offered a cautious outlook amid uncertainty over tariffs and the US-China trade war. CEO Jamie Dimon did express caution about the US economy, citing potential negatives such as tariffs, trade wars, and high fiscal deficits, and warned that a recession is a "likely outcome".
- Wells Fargo (WFC) is also getting a boost but pared some gains this morning after reporting earnings, but it did miss on net interest income estimates. It did warn of a slowing economic environment after reporting results. The bank's non-interest expenses beat expectations with a 3.1% decline to $13.9 billion, and its provisions for credit losses were $932 million, less than forecast.
- BlackRock (BLK) is lower after pulling in a less-than-expected $83 billion of client money to its investment funds in the first quarter, which ended just days before President Trump unleashed tariffs that stoked extreme volatility across stock and bond markets.
- Texas Instruments (TXN) is down this morning after it showed some weakness in production. It is on pace for its largest decrease in production since 2020.
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Novartis US Investment, BP Debts & Deal Issues
On this episode of Stock Movers:
- Swiss pharmaceutical giant Novartis AG said it would invest $23 billion in the US over the next five years to ensure its key drugs for Americans are made in the country, news that comes as President Donald Trump has promised to impose tariffs on global drug makers.
- - BP Plc said debts mounted in the first quarter, yet another setback for the UK energy major as it struggles to turn its finances around. Net debt climbed about $4 billion from the prior quarter, BP said Friday, citing an increase in working capital. It also reported lower upstream production and weak gas trading — disappointing for a company pivoting back toward its core fossil-fuel business.
- When Reckitt Benckiser Group set out last year to sell a portfolio of homecare brands, including household names such as Air Wick and Cillit Bang, it drew a bevy of private equity suitors despite a hefty £6 billion ($7.7 billion) price tag. But a bid deadline this week saw potential buyers of the business, including Lone Star Funds and Advent International, balk at making binding offers and pitch valuations in a much lower range of £3 billion to £4 billion, according to people familiar with the matter.
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US Steel Drops, Constellation Falls, Nike Lower After Target Cut
On this episode of Stock Movers:
- US Steel (X) shares dropped after President Donald Trump said that while he loves Japan, he didn’t want a Japanese company to buy the steel manufacturer. Trump called US Steel a “very special company”
- Constellation Brands (STZ) shares are lower after the company issued downbeat guidance due to new US tariffs and muted demand, expecting earnings of $12.33 to $12.63 per share in the 2026 fiscal year.
- Nike (NKE) shares drop after Stifel analyst Jim Duffy cut the target on Nike Inc. Class B to $64 from $75. This comes after President Donald Trump paused higher tariffs for 90 days for dozens of nations that haven't imposed retaliatory measures on the US.
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Carnival Falls, CarMax Drops, Constellation Lower on Tariffs
On this episode of Stock Movers:
- Carnival (CCL) shares fall after it is upgraded to equal-weight from underweight at Morgan Stanley, with analysts saying that a lot of the bad news seems to be priced into cruise stocks given share-price declines.
- CarMax (KMX) shares fall after it removed timelines from its financial goals due to uncertainty around President Donald Trump's trade war and broader macro factors. The company reported worse-than-expected fourth-quarter results, causing its shares to drop 15% after the markets opened in New York.
- Constellation Brands (STZ) shares are lower after the company issued downbeat guidance due to new US tariffs and muted demand, expecting earnings of $12.33 to $12.63 per share in the 2026 fiscal year.
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Prada-Versace Deal; Walmart Prices; US Steel and Trump
On this episode of Stock Movers:
- Prada (PRDSY) shares are higher after it agreed to acquire Versace from Capri for $1.38 billion in cash in a deal aimed at strengthening its position as Italy’s largest fashion group. The Milanese company, controlled by billionaire designer Miuccia Prada and her husband Patrizio Bertelli, expects the transaction to close in the second half of this year, the companies said Thursday. Bloomberg News reported on March 2 that Prada was near a deal to buy Versace from Capri Holdings Ltd., which paid $1.8 billion for the brand in 2018.
- Walmart (WMT) shares are down as the company has asked price stickers get left off packages in China after the round of tariff increases. Walmart declined to comment on the news after yesterday's Analyst Day, in which the CEO said there are real time decisions to be made.
- Amazon (AMZN) shares are lower after CEO Andy Jassy says in his annual letter to shareholders that the company has to operate like the “world’s largest startup” as it works to meet demand for artificial intelligence and cut bureaucracy in its ranks. The company also recently revealed a long-delayed update to Alexa set to give the voice assistant more fluent conversational powers.
- US Steel (X) shares are lower this morning after President Trump said he opposed a Japanese company from buying the American steelmaker, and says it's a company that should remain in America. He said US Steel is a 'very special" company and does not want it to go anywhere but America.
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US Steel Deal in Jeopardy; Constellation Tariff Hit; Disney China Film Block
On this episode of Stock Movers:
- US Steel (X) shares are lower this morning after President Trump said he opposed a Japanese company from buying the American steelmaker, and says it's a company that should remain in America. He said US Steel is a 'very special" company and does not want it to go anywhere but America.
- Constellation Brands (STZ) shares are lower after the maker of Modelo and Corona beers issued a weaker than expected outlook for the 2026 fiscal year despite beating quarterly estimates. The impact of tariffs could weigh on the stocks.
- Disney (DIS) shares are slipping following China declaring it would reduce the number of US films allowed to enter the country. While they don't disclose revenue from China, it was clear the APAC region accounts for a considerable portion of Disney's revenue.
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European Banks Lead Gains Tech Up, Tesco Slumps
On this episode of Stock Movers:
- Banks, miners and industrials are the best performers in Europe on Thursday after US President Donald Trump announced a 90-day pause on higher tariffs that hit dozens of trade partners, with the Stoxx Europe 600 up 5.9% to mark its best day in over five years. Sectors with ties to the health and growth of the global economy are rising the most, including banks (+9.3%), financials (+7.4%) and technology (+7.5%)
- European tech stocks were part of the biggest risers in the broad rally. Surge in tech stocks follows a 12% surge in the Nasdaq 100 Index on Wednesday, the benchmark’s strongest one-day performance since 2008
- Tesco Plc shares fell after the supermarket chain warned profit would slip due to higher costs and competition for price-conscious UK shoppers. Britain’s largest grocer expects as much as £3 billion ($3.9 billion) in group adjusted operating profit this year, according to a statement Thursday, lower than the £3.1 billion in the 12 months ended Feb. 22.
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US Steel Drops, Walmart Jumps, ETF Big Bet
On this episode of Stock Movers:
- ProShares UltraPro QQQ fund (TQQQ) had its best rally in the most recent session, the largest inflow in its 15-year history. TQQQ uses derivatives to deliver three times the daily performance of the Nasdaq 100. Traders have been steadily adding to the ETF all year. Altogether, the fund has taken in more than $3 billion despite a 15% year-to-date drop for the Nasdaq 100 and an even greater drubbing for TQQQ itself.
- Walmart (WMT) and other retail stocks soared after President Donald Trump said he’ll pause higher tariffs for 90 days for dozens of nations that haven’t imposed retaliatory measures on the US. Walmart executives are confident that the world’s largest retailer will reach its financial targets this year, despite tariff turbulence that’s sparking uncertainty in the world economy. On Wednesday, Walmart said that it still sees net sales growing 3% to 4% this year. That forecast accounts for tariffs, unlike its previous outlook from February.
- United States Steel (X) shares tumbled as much as 16% in post-market trading after President Donald Trump said he does not want to see the steelmaker owned by a Japanese company. Trump, speaking from the Oval Office, pointed to the producer’s rising steel orders as evidence that it doesn’t need any investment right now. He also said he doesn’t want US Steel bought by “any other place,” apparently referring to other foreign buyers.
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Eli Lilly Slumps, Walmart Falls, Ford Drops on Farley Comments
On this episode of Stock Movers:
- Eli Lilly (LLY) shares slump while large US and European drugmakers slide, underperforming amid a broad market slump, after President Donald Trump said the US was planning to announce “a major tariff on pharmaceuticals” soon.
- Walmart (WMT) shares fall as tariff-spooked shoppers begin pulling back on spending, Walmart Inc. is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.
- Ford Motor's (F) shares drop after top executive extended a show of support for Elon Musk after the Tesla Inc. leader went on a social media tirade targeting a key backer of President Donald Trump’s tariffs.In a post on X, Ford Chief Executive Officer Jim Farley said the carmaker’s top-selling F-150 pickup truck is designed, engineered, tested and manufactured “all within one square mile” in Dearborn, Michigan, the automaker’s longtime home.
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Delta Up, Peabody Soars, Cal-Maine Drops After Earnings
On this episode of Stock Movers:
- Delta (DAL) shares are up despite withdrawing its full-year financial guidance due to uncertainty surrounding global trade, a stark sign of the turmoil rippling across corporate America from President Donald Trump’s tariffs. While Delta still anticipates a profit in 2025, it declined to reaffirm the forecast issued in January, when the carrier said annual adjusted earnings would surpass $7.35 a share.
- Peabody (BTU) shares climb as President Donald Trump signed executive orders to expand the mining and use of coal in the US. Separately, Peabody is reviewing a deal worth up to $3.78 billion to buy Anglo American’s steel-making coal business after a fire at an Australian mine.
- Cal-Maine (CALM) shares fall after the egg producer reported third-quarter earnings per share that missed consensus estimates. Additionally, the company said it received a civil investigative demand from the Department of Justice Antitrust Division into the causes behind the increase in egg prices nationwide.
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Delta Pulls Guidance; Pharma Stocks Hit; Walmart Pushes Higher
On this episode of Stock Movers:
- Delta (DAL) shares are up despite the airliner pulling guidance this morning, citing stalled growth. The markets are buying the stock as the first quarter numbers are coming in line with expectations.
- AbbVie (ABBV) are lower as pharmaceutical stocks take a hit due to proposed tariffs by President Trump on the pharma industry. It is affecting stocks across the industry including overseas.
- Walmart (WMT) shares are higher as the company's CEO says it's looking at cost-cutting measures and keeping prices as low as it possibly can. The company still sees net sales growing 3% to 4% this year, according to a statement.
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Pharma Hit Hard in Selloff, BAE Up, ITV Down
On this episode of Stock Movers:
- Shares of European drugmakers dropped to a two and a half-year low after US President Donald Trump said the US was planning to announce “a major tariff on pharmaceuticals” soon. AstraZeneca, Novo Nordisk, Roche, Novartis are all down.
- The Stoxx Europe 600 Index sank 2.3% at 9:02 a.m. in London, with every sector declining. One of the few bright spots was BAE Systems, one of less than 10 companies in the green.
- ITV shares drop as much as 8.3%, hitting their lowest level since November, after the UK broadcaster was downgraded to sell by UBS amid an expected decline in ad revenue and concern around streaming.
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Enphase Energy Downgrade, General Dynamics Jumps, Carnival Shares Higher
On this episode of Stock Movers:
- Enphase Energy (ENPH) shares dropped following a downgrade from Jeffrey's analyst Julian Duma and Smith, who raised concerns around the company's potential exposure to cuts in the Inflation Reduction Act. House Republicans are hoping for around $1.5 trillion in deficit reductions and the IRA could be a key area for tweaks. Companies like Enphase and First Solar could be most impacted.
- General Dynamics (GD) shares climbed as President Trump said the next defense budget may reach as much as $1 trillion. “We are very cost conscious but the military is something that we have to build and we have to be strong because you have a lot of bad forces out there now,” Trump said at the White House on Monday during a meeting with Israel’s Prime Minister Benjamin Netanyahu. Trump added his administration will approve a budget that will be “the biggest one we’ve ever done for the military.”
- Carnival Corp (CCL) shares are up as the company announced another $2 billion for two new cruise ships.
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Broadcom Rises, Humana Surges, RPM Falls Flat
On this episode of Stock Movers:
- Broadcom (AVGO) shares are up, after the chipmaker authorized a new buyback program of up to $10 billion shares. Analysts see the move as a sign of confidence following recent tariff-related weakness.
- Humana (HUM) shares surged after the US government said they will pay private Medicare Advantage plans more money next year than it originally proposed in January. It is a major win for insurance companies that have faced increasing scrutiny in Washington. The shares of insurers surged on the decision, posting some of their biggest intraday gains since 2020.
- RPM International (RPM) shares dropped after the manufacturer of building supplies forecast flat 4Q sales and posted disappointing 3Q sales. The management of RPM said the company is not immune to President Trump's tariffs.
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UnitedHealth Rises, Humana Up, CVS Rallies on Guidance
On this episode of Stock Movers:
- UnitedHealth (UNH) shares rise after the US government said it will pay private Medicare Advantage plans more money next year than it originally proposed in January, a major win for insurance companies that haved increasing scrutiny in Washington.
- Humana (HUM) shares are up it was announced Medicare Advantage plans will see payments increase by an average of 5.06%, more than double the rate the government proposed in January.
-CVS (CVS) shares rally after the company said it expects its financial results to meet or exceed its previously issued guidance and named a new chief financial officer.
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Nvidia Rallies, Humana Rises, Broadcom Up Following Tariff Optimism
On this episode of Stock Movers:
- Nvidia (NVDA) leads the Magnificent Seven higher on Tuesday. Stocks climbed as Treasury Secretary Scott Bessent said there’s the potential for advantageous trade deals with major US trading partners.
- Humana (HUM) shares rise and are likely to break out of the range today. Health insurance stocks are up after the US government said it will increase payments to private Medicare Advantage plans by an average of 5.06% next year, more than double the originally proposed rate.
- Broadcom (AVGO) shares are up after the chipmaker authorized a new buyback program of up to $10 billion shares. Analysts see the move as a sign of confidence following recent tariff-related weakness.
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Apple's Customer Rush; Tesla's Turn; Walgreens Climbs
On this episode of Stock Movers:
- Apple (APPL) are moving in the premarket following days of a downward trend, as employees from different Apple locations across the country said stores filled with customers over the weekend — with the shoppers expressing concerns that prices will climb dramatically after the levies are imposed. Most iPhones, Apple’s best-selling and most important product, are manufactured in China, which is in line for tariffs of 54%.
- Robinhood (HOOD) is on the move this morning after Morgan Stanley downgraded the stock to equal weight to overweight. In a tougher macro backdrop with greater need to hedge risks, the firm sees risks for retail dis-engagement to pressure trading revenue at Robinhood, leading it to cut EPS estimates.
- Tesla (TSLA) shares have climbed along with the market today. It comes as Joel Levington, Director of Credit Research for Bloomberg Intelligence, writes this morning that Elon Musk's pursuit of ambitious and high-risk bets such as the Cybertruck -- are now falling well short of sales goals even with aggressive lease discounts - and the elusive RoboTaxi are taking a toll on Tesla's fundamental performance at a critical juncture in the auto market.
- Walgreens (WBA) is rising after it reported quarterly profit that exceeded Wall Street’s expectations, marking a strong performance in what is likely one of its last quarters as a public company. It's welcome news for investors of the second-largest US pharmacy chain, who have been concerned about the ability of Walgreens to make enough money amid declining insurance payments for prescription drugs, and increased competition from online retailers and big box stores.
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CVS Boosted on Policy Change; Broadcom Buyback; Apple Rebound
On this episode of Stock Movers:
- CVS (CVS) is getting a boost this morning following the Trump administration's increased 2026 payments for Medicare Advantage plans by more than double what the market was expecting. It also removes the possibility of having to close Medicare Advantage plans, which has pushed stocks like CVS and United Health (UNH), as well as others in the healthcare sector, higher.
- Broadcom (AVGO) is higher this morning after its downward trend following US tariffs levied across Taiwan, Vietnam, China, and other countires. The shares jumped on its $10 billion share buyback this morning.
- Apple (APPL) shares are higher as traders learned it may be getting a boost as customers front run the tariffs. Employees from different Apple locations across the country said stores filled with customers over the weekend — with the shoppers expressing concerns that prices will climb dramatically after the levies are imposed. Most iPhones, Apple’s best-selling and most important product, are manufactured in China, which is in line for tariffs of 54%.
- Nike (NKE) is climbing this morning as traders may be looking to "buy the dip" after severe declines for the stock and other retailers as tariff policy weighs on its price.
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Luxury Tariff Fears, Infineon, Repsol Down
On this episode of Stock Movers:
- It is currently difficult to call the valuation bottom for the European luxury sector due to limited visibility on earnings from tariffs impact and how that will impact global demand, JPMorgan writes in note as downgrades Pandora to neutral.
- Infineon Technologies AG signed a deal to buy Marvell Technology Inc.’s automotive networking business for $2.5 billion in an all-cash deal to strengthen its industry-leading car unit.
- Repsol shares pare early gains Tuesday after its 1Q upstream production missed analyst estimates on lower refining margin, weaker utilization rates amid maintenance works. Analysts expect a cut to consensus. Stock trades 0.2% higher after rising as much as 4.5%.
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Dollar Tree Shares Climb, Stellantis Down, AppLovin Stock Up
On this episode of Stock Movers:
- Dollar Tree (DLTR) shares are up as it was raised to buy from neutral at Citi, which anticipates the higher across-the-board tariffs will be positive for the discount retailer.
- Stellantis NV (STLA) shares are down. However, the Jeep-maker is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump’s trade war. The automaker has outlined a program in which suppliers would apply for help from the company to make monthly tariff payments to the US government, according to a person familiar with the matter. Marlo Vitous, Stellantis’ head of purchasing in North America, laid out the plan during a meeting with suppliers in Detroit last week, the person said.
- AppLovin (APP) shares are up as a proposal to merge itself with the US subsidiary and eventually the global business of TikTok, as reported by CNBC, would help the advertising-technology firm accelerate its reach beyond its typical video-game clientele and into e-commerce. But its bid could be crowded out by other potential bidders such as Amazon, Blackstone and Oracle. AppLovin is expected by consensus to reach record free cash flow near $3 billion in 2025, thanks to ads, which yielded a 76% adjusted Ebitda margin in 2024.
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Stellantis Shares Down, Dollar Tree Climbs, AppLovin Stock Up
On this episode of Stock Movers
- Stellantis NV (STLA) shares are down. However, the Jeep Maker is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump’s trade war. The automaker has outlined a program in which suppliers would apply for help from the company to make monthly tariff payments to the US government, according to a person familiar with the matter. Marlo Vitous, Stellantis’ head of purchasing in North America, laid out the plan during a meeting with suppliers in Detroit last week, the person said.
- Dollar Tree (DLTR) shares are up as it was raised to buy from neutral at Citi, which anticipates the higher across-the-board tariffs will be positive for the discount retailer. The stock gains as much as 7.6%.
- AppLovin (APP) shares are up as a proposal to merge itself with the US subsidiary and eventually the global business of TikTok, as reported by CNBC, would help the advertising-technology firm accelerate its reach beyond its typical video-game clientele and into e-commerce. But its bid could be crowded out by other potential bidders such as Amazon, Blackstone and Oracle. AppLovin is expected by consensus to reach record free cash flow near $3 billion in 2025, thanks to ads, which yielded a 76% adjusted Ebitda margin in 2024.
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Apple Downgraded, Dollar Tree Gains, MicroStrategy Falls on Forecast
On this episode of Stock Movers:
-Apple (AAPL) shares slip as Wedbush cuts the price target to $250 from $325, citing the Trump administration’s tariff policies. The firm retains a positive long-term view on the stock given its strong free cash flow and Services business.
- Dollar Tree (DLTR) shares inch higher, up about 1%, after Citi turned bullish, anticipating that the higher across-the-board tariffs will be positive for the discount retailer. Citi still acknowledges that ~50% of the company’s product is subject to higher tariffs.
-MicroStrategy (MSTR) shares fall after the company said it may not able to regain profitability in future periods, and significant decrease in the market value of its Bitcoin holdings could adversely affect ability to satisfy financial obligations and could cause default. The company also expects a net loss for 1Q.
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Apple Slips, Dollar Tree Rises, MicroStrategy Falls on Tariff Concerns
On this episode of Stock Movers:
-Apple (AAPL) shares slip as Wedbush cuts the price target to $250 from $325, citing the Trump administration’s tariff policies. The firm retains a positive long-term view on the stock given its strong free cash flow and Services business.
- Dollar Tree (DLTR) shares inch higher, up about 1%, after Citi turned bullish, anticipating that the higher across-the-board tariffs will be positive for the discount retailer. Citi still acknowledges that ~50% of the company’s product is subject to higher tariffs.
-MicroStrategy (MSTR) shares fall after the company said it may not able to regain profitability in future periods, and significant decrease in the market value of its Bitcoin holdings could adversely affect ability to satisfy financial obligations and could cause default. The company also expects a net loss for 1Q.
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Tesla's Decline Continues; Big Bank Stocks Hit; Apple Price Target Cut
On this episode of Stock Movers:
- Tesla (TSLA) shares plunged in early trading to below a level that Commerce Secretary Howard Lutnick said the shares would never fall to again. Tesla bull Daniel Ives slashed his price target by 43%, citing a brand crisis as the electric vehicle maker, led be the world's richest man and top Trump adviser Elon Musk, has become a “political symbol globally.”
- JPMorgan (JPM) shares are lower along with other US big banks, with the nation's top financials set to report earnings this week. A severe slowdown in the economy and consumer spending could limit earnings of the big banks. Their stocks plunged last Thursday and Friday with the group having its worst two-day decline since March 2020. It also comes as CEO Jamie Dimon released his annual letter to shareholders, urging a quick resolution on tariffs.
- Apple (APPL) shares are lower in premarket trading after the iPhone maker declined 7.3% on Friday. Wedbush Global Head of Technology Dan Ives cut his price target on the stock to $250 from $325. Apple's market cap sank $443.5 billion last week, the largest weekly market cap decline on record. The stock dropped 13.6% last week, its worst week since the week ended March 30, 2020, when it plummeted nearly 18%.
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Palantir Slides with Tech; Palo Alto Networks Sinks; Nike's Dive Continues
On this episode of Stock Movers:
- Palantir (PLTR) shares are down along with other tech giants and chipmakers after the NASDAQ entered a bear market to end last week. The S&P 500 experiencing its worst two-day plunge since March 2020, and the Nasdaq 100 entering a bear market, dragging the tech sector downward.
- Palo Alto Networks (PANW) is lower in the premarket, despite Wall Street analysts pointing to cybersecurity stocks as potential safe havens in market turmoil. Early indications are cybersecurity-related stocks like Palo Alto Networks are not beating the trend.
- Wells Fargo (WFC) shares tumbled along with other banks, including Goldman Sachs and other US big banks, with the nation's top financials set to report earnings this week. A severe slowdown in the economy and consumer spending could limit earnings of the big banks.
- Nike (NIK) shares are continuing their slide after it tumbled to hit its lowest level since 2017. The trend is downward for Nike this morning despite Vietnam looking to work with the Trump administration on a tariff negotiation, which would limit the threat to Nike's supply chain.
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Tariffs Selloff Hit Defense Stocks, Novo Nordisk, Shell
On this episode of Stock Movers:
- European defense stocks, one of this year’s best-performing groups, slump amid a broad market rout. Meanwhile, Reuters reports that US firm Howmet Aerospace told customers it has declared a force majeure event in the wake of the tariffs announced by President Donald Trump.
- The Trump administration decided against allowing Medicare to pay for obesity drugs, a move that would have given millions of older Americans access to the medications and cost the government billions.
- Shell shares drop as much as 8.4% to trade at the lowest in two years, after the oil major lowered its 1Q gas output guidance, adding to grim sentiment caused by the global stock market slump and oil prices at four-year lows. The company cited unplanned maintenance in Australia and adverse weather as reasons for the downgrade.
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Weekly Roundup: Tesla Loses Executive, Nike Rebounds, Big Banks Tumble
On this episode of Stock Movers:
- Tesla (TSLA) shares fell on Friday after starting the week on the upswing. One of Wall Street’s most bearish Tesla analysts further reduced estimates for the company’s earnings, citing the magnitude of car-buyer backlash against Elon Musk. Tesla’s first-quarter vehicle deliveries were far below even JPMorgan Chase & Co. analyst Ryan Brinkman’s pessimistic estimate, “confirming the unprecedented brand damage we had earlier feared,” he said in a report Friday. The EV maker also saw a key executive leave. David Lau, Tesla's vice president of software engineering, has told people at the company that he is stepping down, according to people familiar with the matter. Lau, one of the few executives to promote the automaker’s products alongside Elon Musk, has been at Tesla for almost 13 years and has held the vice president title since 2017. His team is responsible for the software in Tesla’s vehicles — overseeing infotainment and information security to over-the-air software updates — as well as cloud services and manufacturing systems.
- Shares in companies that have large manufacturing operations in Vietnam, including Nike (NKE) and Lululemon Athletica (LULU) soared Friday after President Donald Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. Nike shares erased an earlier loss to gain 3%. Apparel and shoemakers’ shares tumbled Thursday after the president unveiled a 46% levy on the Southeast Asian nation, where several had shifted manufacturing in recent years after Trump hit China with tariffs during his first term.
- Shares of big US banks plummeted, notching their biggest two-day drop since March 2020, after China escalated its trade war with the US.Some of Wall Street’s top lenders, Morgan Stanley (MS), Goldman Sachs (GS) and Citigroup (C) all closed more than 7% lower after China retaliated against President Donald Trump’s tariffs with a 34% levy on US goods. The KBW Bank Index tallied a roughly 16% drop over Thursday and Friday, the gauge’s worst two-session plunge since the start of the Covid-19 pandemic. Shares of JPMorgan Chase (JPM), which traded ex-dividend on Friday, erased some $51 billion from its market capitalization. Regional lenders also took a hit with the KBW Regional Banking Index slumping 3.7%, to close at the lowest level since July 9.
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Nike Rebounds, Tesla and Nvidia Lead Mag7 Declines
On this episode of Stock Movers:
- Shares of Nike surged after President Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. The news reversed earlier losses for Nike, which had fallen after Trump unveiled a 46% levy on Vietnam, where several had shifted manufacturing in recent years.
- Tesla and Nvidia are leading the Magnificent Seven stock losses on Friday after China escalated a trade war by retaliating against new US tariffs with levies on all American imports. Nvidia fell -4.2% while Tesla slumped Tesla -5.7%
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Tesla Shares Drop, Nvidia Slumps, Wayfair Falls on Tariff Concerns
On this episode of Stock Movers:
-Tesla (TSLA) shares drop. Tesla's first-quarter vehicle deliveries were far below estimates, confirming "unprecedented brand damage" due to car-buyer backlash against Elon Musk. Tesla's sales plummeted 62% last quarter in Germany, and its stock has slumped since hitting a record high on December 17.
-Nvidia (NVDA) shares slump after Thursday’s slump wiped $1.4 trillion in market capitalisation from the Nasdaq 100 Stock Index. Companies like Apple, Nvidia, and Broadcom are particularly affected, as they source hardware components and assembly labor from southeast Asia and will have to either hike prices or absorb costs and watch profits dwindle.
-Wayfair (W US) shares slide after Citi downgraded the online furniture retailer to neutral from buy. The broker said President Donald Trump’s tariff announcement “created significant exposure” to the supplier base of Wayfair, and sees eBay as better positioned.
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Apple Shares Plunge, Nike Drops, Stellantis Falls on Tariff Concerns
On this episode of Stock Movers:
-Apple (AAPL) shares plunge. Apple is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a yearslong effort to insulate the iPhone maker from trade wars and supply chain disruptions.A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering its worst stock rout in five years.
-Nike (NKE) shares fall. A tariff of 46% on goods from Vietnam is particularly painful for companies such as Nike, Adidas, and Lululemon, which produce significant amounts of merchandise in the country. Levies of 49% on Cambodia and more than 30% on Indonesia and Thailand are also problematic.
-Stellantis (STLA US) shares fall. Stellantis facilities are linked to halted production across its Canada and Mexico supply chain. The results of Donald Trump’s initial country and sector tariffs are also an early warning since global levies followed.
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Tariffs Weigh on Apple; Nike's Production Bind; Wayfair Downgrade
On this episode of Stock Movers:
- Apple (APPL) shares dipped after the company lost over $300 billion yesterday, second largest drop in market cap for any company ever. The drop comes as the company has moved its supply chain away from China but to countries that face high tariffs.
- Nike (NKE) is continuing its slide as shoe and garment makers extended their selloff as they face tariffs on their Asian-made products. Apparel and footwear companies that shifted manufacturing from China to avoid tariffs are now being targeted by Trump's tariffs on Vietnam, Cambodia, Indonesia, and Thailand.
- Wayfair (W) shares are sliding 11% in premarket trading putting the stock on track to extend declines after Citi downgraded the online furniture retailer to neutral from buy. Analyst Ygal Arounian said President Donald Trump’s tariff announcement “created significant exposure” to the supplier base of Wayfair, and sees eBay as better positioned.
- Stellantis (STLA) shares are lower after about 6,000 workers in Canada were idled by day 1 of US tariffs. It comes along with reports of 900 US jobs cuts and Fitch downgrading the company's debt from BBB+ to BBB.
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Alibaba's Tariff Shock; Apple Supply Chain Costs; Stellantis Sinks on Downgrade
On this episode of Stock Movers:
- Alibaba (BABA) shares are down after China announced retaliatory 34% tariffs on US goods. Beijing will impose a 34% tariff on all imports from the US starting April 10, according to the official Xinhua News Agency. Chinese authorities said they will start a probe into medical CT X-ray tubes imported from the US and India, and halt imports of poultry products from two American companies.
- Apple (APPL) shares dipped after the company lost over $300 billion yesterday, second largest drop in market cap for any company ever. The drop comes as the company has moved its supply chain away from China but to countries that face high tariffs.
- Stellantis (STLA) shares are lower after about 6,000 workers in Canada were idled by day 1 of US tariffs. It comes along with reports of 900 US jobs cuts and Fitch downgrading the company's debt from BBB+ to BBB.
- Nordstrom (JWN) is lower this morning after Citi downgraded the stock from hold to sell. The stock was shielded from a bigger fall yesterday because there's a pending deal from the Nordstrom family and Mexican retailer Liverpool to take the company over at $24.25. Citi sees little upside, but a larger chance of the deal falling apart.
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European Banks Dropping, Gerresheimer Down, Danone Jumps
On this episode of Stock Movers:
- Banks is the worst-performing sector in Europe for a second day as the global equity rout continued on fears economic growth will be hit by US tariffs. The Stoxx 600 Banks Index sinks 4% as of 9:27 a.m. CET, extending weekly declines to 10%, the steepest drop since March 2023 The sector is still up 12% YTD. Deutsche Bank, Banco De Sabadell are down more than 5%
- KKR has walked away from a private equity consortium discussing a takeover of Gerresheimer AG, the German maker of packaging for drugs and cosmetics, people familiar with the matter said. The buyout firm had teamed up with Warburg Pincus to pursue a deal for Gerresheimer, Bloomberg News reported in March. Warburg Pincus is still working to see if it can reach a deal, according to the people, who asked not to be identified discussing confidential information.
- Danone shares rise as much as 2.7% to hit their highest level in over five years after analysts at Morgan Stanley said they now prefer the stock over Nestle, arguing the French food company is trading at an “unwarranted” discount to its Swiss peer given its more attractive setup.
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Big Pharma's Bitter Pill, European Banks, BP Chairman Exits
On this episode of Stock Movers:
- European pharmaceutical stocks are in focus on Friday as US President Donald Trump suggested tariffs on the sector may be introduced soon. “The pharma is going to start coming in, I think, at a level that we haven’t really seen before. We are looking at pharma right now,” Trump said, while aboard Air Force One “We’ll be announcing that sometime in the near future. It’s under review right now,” Trump added
-Banks is the worst-performing sector in Europe for a second day as the global equity rout continued on fears economic growth will be hit by US tariffs. The Stoxx 600 Banks Index sinks 4% as of 9:27 a.m. CET, extending weekly declines to 10%, the steepest drop since March 2023 The sector is still up 12% YTD. Deutsche Bank, Banco De Sabadell are down more than 5%
- BP Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management. Lund was widely seen to be in a vulnerable position since Bloomberg reported that Elliott had built up a 5% stake in BP with the intention of pushing for change. The pressure only increased after Chief Executive Officer Murray Auchincloss’s strategy “reset” fell short of what the activist investor had wanted.
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Apple Production Hit By Tariffs, Phillip Morris Rises, RH Misses
On this episode of Stock Movers:
- Apple (APPL) shares fell as the iPhone maker is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a years long effort to insulate the iPhone maker from trade wars and supply chain disruptions. A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering its worst stock rout in five years. The new tariffs will reach 34% for China. That would bring the total rate on Chinese goods to 54%, threatening to roil an Apple supply chain that still has the Asian country at its heart.
- Phillip Morris (PM) stock hit a record high as investors look for places to hide after President Donald Trump’s new wave of tariffs sent global markets lower.
- RH (RH) shares tumbled on Thursday after the luxury home furnishing company’s annual revenue growth forecast trailed Wall Street expectations. Its fourth-quarter sales and profit also missed the average estimates. Analysts note that new round of tariffs add “significantly more uncertainty,” with BofA and Citi downgrading the stock.
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Apple Plummets, RH Shares Tumble, Lamb Weston Soars on Beat
On this episode of Stock Movers:
- Apple (AAPL) shares are down as the iPhone maker is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a years long effort to insulate the iPhone maker from trade wars and supply chain disruptions. A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering a stock rout. The new reciprocal tariffs — a tax on imported goods in response to existing tariffs — will reach 34% for China. That would bring the total rate on Chinese goods to 54%, threatening to roil an Apple supply chain that still has the Asian country at its heart.
- RH (RH) shares tumbled on a record decline, after the luxury home furnishing company’s annual revenue growth forecast trailed Wall Street expectations. Its fourth-quarter sales and profit also missed the average estimates. Analysts note that new round of tariffs add “significantly more uncertainty,” with BofA and Citi downgrading the stock.
- Lamb Weston Holdings (LW) rose after the french-fry supplier posted fiscal 3Q results that topped estimates and as management hired a consulting firm to look for cost savings.
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Apple's Supply Chain Hit; Tesla and Nvidia Sink with Chip Concerns
On this episode of Stock Movers:
- Apple (AAPL) stock is slumping after investors learned President Trump's tariffs will hit the company's supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new tariffs will likely squeeze Apple's margins and may lead to price hikes, which could be challenging given shaky consumer sentiment.
- Nvidia (NVDA) is down with the chipmakers in response to President Trump's tariffs, and is also lower after HSBC downgraded Nvidia from Buy to Hold.
- Tesla (TSLA) shares are down following the tariff announcement, following the stocks of chipmakers.. Electric vehicles require a lot of chips for production, the supply chain of which could be upended by tariffs. The leading U.S. maker of electric vehicles closed up 5.3% on Wednesday following a Politico report that said Tesla CEO Elon Musk plans to step away from his government role in the coming weeks.
- Eli Lilly (LLY) is sinking along with the other pharmaceuticals as sectoral tariffs are expected to be announced as well.
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Apple Plunges, Nike Drops, GM Drags Dow Jones Lower
-Apple shares (AAPL) fall. Apple is being heavily impacted by President Trump's new tariffs, which will affect its supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new reciprocal tariffs — a tax on imported goods in response to existing tariffs — will reach 34% for China.
-Nike (NKE) shares drop. The world’s largest footwear and apparel companies are facing a shock to their supply chains after President Donald Trump announced new tariffs on Vietnam and other critical production hubs. Nike Inc. and Adidas AG made big bets on Vietnam over the last decade. Today, about half of all Nike shoes and 39% of Adidas shoes are made in the country.
- General Motors (GM) shares fall after President Donald Trump’s 25% tariff on US auto imports took effect on Thursday in a move expected to dramatically increase costs and upend industry supply chains.
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Apple (AAPL) Tumbles; Tesla (TSLA) and Nvidia (NVDA) Sink with Chip Concerns
On this episode of Stock Movers:
- Apple (AAPL) stock is slumping after investors learned President Trump's tariffs will hit the company's supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new tariffs will likely squeeze Apple's margins and may lead to price hikes, which could be challenging given shaky consumer sentiment.
- Nvidia (NVDA) is down with the chipmakers in response to President Trump's tariffs, and is also lower after HSBC downgraded Nvidia from Buy to Hold.
- Tesla (TSLA) shares are down following the tariff announcement, following the stocks of chipmakers.. Electric vehicles require a lot of chips for production, the supply chain of which could be upended by tariffs. The leading U.S. maker of electric vehicles closed up 5.3% on Wednesday following a Politico report that said Tesla CEO Elon Musk plans to step away from his government role in the coming weeks.
- Eli Lilly (LLY) is sinking along with the other pharmaceuticals as sectoral tariffs are expected to be announced as well.
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Tariffs Weigh on Lulu; Apple Supply Chain Concerns; Tesla's Downward Move
On this episode of Stock Movers:
- Lululemon (LULU) shares are lower as President Trump's global tariffs weigh on crucial retail production countries including Vietnam and Indonesia. 40% of Lululemon's good are produced in Vietnam, which was hit with a 46% reciprocal tariff as part of President Trump's tariff plan.
- Apple (AAPL) stock is slumping after investors learned President Trump's tariffs will hit the company's supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new tariffs will likely squeeze Apple's margins and may lead to price hikes, which could be challenging given shaky consumer sentiment.
- Tesla (TSLA) shares are down following the tariff announcement, following the stocks of chipmakers.. Electric vehicles require a lot of chips for production, the supply chain of which could be upended by tariffs. The leading U.S. maker of electric vehicles closed up 5.3% on Wednesday following a Politico report that said Tesla CEO Elon Musk plans to step away from his government role in the coming weeks.
- Eli Lilly (LLY) is sinking along with the other pharmaceuticals as sectoral tariffs are expected to be announced as well.
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Trump Tariffs Hit Luxury & Tech, AB Inbev Could Benefit
On this episode of Stock Movers:
- The Stoxx Europe 600 opened 1.8% lower with cyclical sectors leading declines. Miners, banks, industrials and consumers are falling 2.5% or more. There are concerns for Pandora’s manufacturing base of Thailand which Trump hit with a 36% tariff. Defensive sectors such as utilities, food and beverages, real estate, health care and personal care are in the green.
- Logitech shares sink as much as 12%, the most in over a year, hit by escalating trade tensions from the US. The computer peripherals firm is seen more sensitive to higher tariffs as it generates bulk of sales from the US and owns production facilities in China.
- Morgan Stanley analyst Sarah Simon sees AB Inbev as a potential beneficiary of these tariffs, given that the additional charges will likely render imported beer more expensive for the consumer. That could prompt market share loss for imported beers/improved market share for ABI in the US.
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Trump Tariffs Hit Luxury, Shipping & Energy Stocks
On this episode of Stock Movers:
- The Stoxx Europe 600 opened 1.8% lower with cyclical sectors leading declines. Miners, banks, industrials and consumers are falling 2.5% or more.
- There are concerns for Pandora’s manufacturing base of Thailand which Trump hit with a 36% tariff. Defensive sectors such as utilities, food and beverages, real estate, health care and personal care are in the green.
- Container ships and car carriers are the vessels that’ll be hurt the most from the Trump administration’s wide-ranging tariffs on exporters to the US, Fearnley Securities AS analysts wrote in a note. A tariff of 54% on Chinese exports and substantial ones for other Asian exporters will impact flows to the US and is a “clear negative” for container volumes, Fredrik Dybwad and Nils Thommesen said
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Amazon Rises After TikTok Bid, Tesla Rallies, Newsmax Falls
On this episode of Stock Movers:
- Amazon (AMZN) shares rose on the news that it submitted a bit to the White House to buy social video app TikTok from its Chinese owners. The company sent its proposal in a letter to Vice President JD Vance, who’s heading efforts to help facilitate a sale of the US operations of the video platform ahead of a deadline later this week, and Commerce Secretary Howard Lutnick, according to people familiar with the matter. But the bid, reported earlier by the New York Times, is not being considered seriously by the administration, according to the person, who discussed the sale process on the condition of anonymity. The company declined to comment.
- Tesla (TSLA) investors shrugged off the company’s worst vehicle sales since 2022 and bid up its shares on hopes that Elon Musk will step back from his work for the Trump administration. While the billionaire has yet to make an announcement about his plans, a report by Politico Wednesday suggested his time as a top adviser to Donald Trump may end soon. The president has told his inner circle recently that the Tesla chief executive officer will return to his businesses in the coming weeks, according to the news outlet, which cited unidentified Trump insiders.
- Newsmax (NMAX) shares shed more than three-quarters of their value on Wednesday after a raucous two-day surge fueled in part by retail traders briefly made it larger than Fox Corp. The stock slumped 77%, wiping out $23 billion in market value, after a 2,230% surge in Newsmax’s first two days as a public company. Retail investors were less vocal about the stock in trader chatrooms compared to prior days, with buy orders on Fidelity’s platform more muted compared to those for larger companies.
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Tesla Shares Rally, Newsmax Value Cut, Amazon Rises
On this episode of Stock Movers:
- Tesla (TSLA) investors shrugged off the company’s worst vehicle sales since 2022 and bid up its shares on hopes that Elon Musk will step back from his work for the Trump administration. While the billionaire has yet to make an announcement about his plans, a report by Politico Wednesday suggested his time as a top adviser to Donald Trump may end soon. The president has told his inner circle recently that the Tesla chief executive officer will return to his businesses in the coming weeks, according to the news outlet, which cited unidentified Trump insiders. Tesla shares jumped following the report.
- Newsmax (NMAX) shares were cut in half on Wednesday after a raucous two-day surge fueled in part by retail traders briefly made it larger than Fox Corp. The stock slumped as much as 50%, wiping out $15 billion in market value, after a 2,230% surge in Newsmax’s first two days as a public company. Retail investors were less vocal about the stock in trader chatrooms compared to prior days, with buy orders on Fidelity’s platform more muted compared to those for larger companies.
- Amazon (AMZN) shares rose after the NYT reported that the e-commerce giant made a last-minute offer to buy TikTok in the US. The company sent its proposal in a letter to Vice President JD Vance, who’s heading efforts to help facilitate a sale of the US operations of the video platform ahead of a deadline later this week, and to Commerce Secretary Howard Lutnick.
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Tesla Sales Fall, Newsmax Drops, Roblox Rises
On this episode of Stock Movers:
- Tesla's (TSLA) vehicle sales fell 13% last quarter to 336,681, its worst showing since the second quarter of 2022, due to factory retooling and international backlash against Elon Musk. Tesla Inc.’s deliveries from its Shanghai factory fell for the sixth straight month, extending a global sales decline as the brand continues to lose share in China’s ultra-competitive electric-vehicle market.
- Newsmax (NMAX) shares drop as the conservative media outlet pauses its blistering IPO rally which saw shares surge 2,230% since its debut this week. Newsmax's stock surge is reminiscent of the meme stock craze in 2020 and 2021, with investors piling into stocks to power eye-popping gains, despite concerns about the company's fundamental value and ongoing litigation.
- Roblox (RBLX) shares rise as the company is introducing new tools to help parents control their children's interactions with strangers on the platform, including limiting who they can interact with and viewing/restricting game play.
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Tesla Sales Fall, nCino Drops, Newsmax Lower
On this episode of Stock Movers:
- Tesla's (TSLA) vehicle sales fell 13% last quarter to 336,681, its worst showing since the second quarter of 2022, due to factory retooling and international backlash against Elon Musk. Tesla Inc.’s deliveries from its Shanghai factory fell for the sixth straight month, extending a global sales decline as the brand continues to lose share in China’s ultra-competitive electric-vehicle market.
- nCino (NCNO) shares slide after the software company gave a weaker-than-expected outlook, prompting multiple downgrades. The stock touched an all-time low, shares seeing biggest intraday drop on record
- Newsmax (NMAX) shares drop as the conservative media outlet pauses its blistering IPO rally which saw shares surge 2,230% since its debut this week. Newsmax's stock surge is reminiscent of the meme stock craze in 2020 and 2021, with investors piling into stocks to power eye-popping gains, despite concerns about the company's fundamental value and ongoing litigation.
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Schwab Pops on Citi Rec; Newsmax Retreats; DJT Slumps
On this episode of Stock Movers:
- Schwab (SCHW) are up premarket after Citigroup raised the recommendation on the financial services firm to buy from neutral. Analyst Chris Allen wrote in a note, “For most names, we have reduced our earnings estimates due to market-driven and/or capital markets revisions. Schwab was the exception where improving new net assets trends, better-than-expected trading and capital return outlook provided an offset."
- Trump Media & Technology Group (DJT) slumped in pre-market trading after the company filed on April 1 to register up to 142.5 million shares and warrants for sale. The filing is the first step for the president’s trust, controlled by his son Donald Trump Jr.. to sell down a 114.75 million share stake. It also registered millions of shares owned by the sponsor of the blank-check firm that merged with Trump Media to take it public last year.
- Newsmax (NMAX) shares are retreating in US premarket trading, pausing its blinding IPO rally which saw shares surge 2,230% since its debut earlier this week. The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times.
- Hims & Hers (HIMS) shares jumped as much as 14%, the most intraday since February, after the firm said it is expanding its weight-loss offerings by adding access to generic liraglutide and branded tirzepatide through its telehealth platform.
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Tesla Down on Deliveries; Palantir's Tariff Dip; Schwab's Upside Move
On this episode of Stock Movers:
- Tesla (TSLA) shares are moving to the downside after its China’s March total shipments dropped 11.5% y/y to 78,828 units, according to Bloomberg calculations based on preliminary data released by China’s Passenger Car Association. The company faces challenges including a production slowdown, cooling EV market, and broader economic uncertainty, and aims to return to growth after logging its first annual sales drop in over a decade last year.
- Palantir (PLTR) shares dipped this morning as the AI play, which has partnerships with hyperscalers, continues to move to the downside amid uncertainty and artificial intelligence uncertainty.
- Amazon (AMZN) is moving downward this morning with tech in focus on Liberation Day and how tariffs will affect supply chains of the Big Tech companies.
- Schwab (SCHW) is the biggest upside mover in the S&P 500 premarket after Citigroup raised the recommendation on the financial services firm to buy from neutral. Analyst Chris Allen wrote in a note, “For most names, we have reduced our earnings estimates due to market-driven and/or capital markets revisions. Schwab was the exception where improving new net assets trends, better-than-expected trading and capital return outlook provided an offset."
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Mercedes Tariff Response, Novo Nordisk Competitors, Greencore Deal
On this episode of Stock Movers:
- Mercedes-Benz Group AG is considering withdrawing its least expensive cars from the US because President Donald Trump’s auto tariffs would likely make their sales economically unfeasible, according to people familiar with the matter.
- European pharma stocks could be in focus on Wednesday after a selloff in US peers following the close of European trading on Tuesday. Meanwhile, also watch Novo Nordisk and obesity drug peers after US firm Hims & Hers Health said it was broadening its weight-loss offerings.
- Irish convenience food manufacturer Greencore Group Plc agreed to buy Bakkavor Group Plc in a deal that values its London-listed rival at about £1.2 billion. The company will pay 85 pence in cash and 0.604 Greencore shares for each Bakkavor share, according to a statement, which said the Bakkavor board is inclined to recommend the in-principle agreement to shareholders.
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Newsmax Surges, Entertainment Stocks Tick Up, PVH Soars
On this episode of Stock Movers:
-Newsmax's (NMAX) meme-stock moment has given it a market value greater than Fox Corp.’s, with shares surging 2,230% since its debut earlier this week. The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times. Tuesday’s jump added $19.2 billion in market value as over 10 million shares swapped hands.
- Live Nation Entertainment (LYV) shares rose after President Donald Trump signed an executive order aimed at cracking down on ticket scalping and fees that drive up costs of live events. TD Cowen said it sees the executive order as a chance for the Ticketmaster owner to settle the antitrust lawsuit filed by the Department of Justice. Meantime, shares in online ticketing marketplace Vivid Seats (SEAT) fell.
- PVH Corp (PVH) shares climbed in their biggest intraday advance in two years after the owner of Calvin Klein and Tommy Hilfiger brands gave a guidance for 2026 adjusted earnings that beat the average analyst estimate. The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year. It’s more cautious than the view offered by Chief Executive Officer Stefan Larsson in December, when he projected “modest growth” for 2025. Revenue decreased 5% on a constant currency basis in 2024, the company said in a statement.
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J&J Tumbles After Ruling, PVH Climbs, Roblox Partners with Google
On this episode of Stock Movers:
- Johnson & Johnson (JNJ) shares fell the most in five years after the company’s plan to settle thousands of talc-related lawsuits through bankruptcy was shot down in court. The ruling means J&J will have to fight roughly 60,000 claims brought by women who say the company’s hallmark baby powder caused ovarian cancer and other, similar gynecological diseases in courts across the country. It may also have to set aside far more than the $9 billion it had earmarked for victims. J&J’s shares dropped as much as 5.6% in New York today, marking the biggest intraday loss since March 2020.
-PVH Corp (PVH) shares climbed in their biggest intraday advance in two years after the owner of Calvin Klein and Tommy Hilfiger brands gave a guidance for 2026 adjusted earnings that beat the average analyst estimate. The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year. It’s more cautious than the view offered by Chief Executive Officer Stefan Larsson in December, when he projected “modest growth” for 2025. Revenue decreased 5% on a constant currency basis in 2024, the company said in a statement.
- Roblox (RBLX) shares are up as the video-game company announced it will roll out Rewarded Video ads for programmatic buying through Google. Rewarded video ads allow users to earn in-game perks for watching up to 30-seconds of full-screen video ads, according to a statement from Roblox on Tuesday. The gaming platform, which has 85 million daily users, has been increasing its advertising capability over the last few years, creating lucrative partnerships with the likes of Ralph Lauren, Chipotle Mexican Grill and other brands.
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Newsmax Shares Jump, Live Nation Falls, Calvin Klein Owner Surges
On this episode of Stock Movers:
- Newsmax (NMAX) shares jump, putting the conservative media outlet’s stock on track to extend gains after it jumped 735% in its debut on Monday. Newsmax Inc.’s debut as a public company has given founder and Chief Executive Officer Christopher Ruddy a fortune of about $3.3 billion.The conservative cable news network sold $75 million of shares at $10 each in Monday’s initial public offering.
- Live Nation (LYV) shares took a hit after President Donald Trump signed an executive order cracking down on ticket scalping and fees that drive up the costs of attending live events for consumers. The order directs the Federal Trade Commission to work with the Department of Justice to ensure that competition laws are enforced in the concert and entertainment industry — including the Better Online Ticket Sales, or BOTS, Act.
- PVH Corp., the owner of the Calvin Klein and Tommy Hilfiger brands, is expecting sales growth to be flat or slightly positive this year, outpacing analysts’ expectations.The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year.
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Shake Shack Gains, J&J Shares Fall, Newsmax Surges
On this episode of Stock Movers:
- Shake Shack (SHAK) shares rose after Loop Capital Markets upgraded the burger chain’s stock to buy from hold, citing a recent pullback in shares as well as potential upside to the company’s earnings.
- Johnson & Johnson (JNJ) shares fall after a federal judge rejected the health-care products maker’s third attempt to use the bankruptcy of one of its small units to end baby powder cancer claims. Analysts said this added to the overhang on the shares given the uncertainty over how the company will deal with the claims.
- Newsmax (NMAX) shares jump, putting the conservative media outlet’s stock on track to extend gains after it jumped 735% in its debut on Monday. Newsmax Inc.’s debut as a public company has given founder and Chief Executive Officer Christopher Ruddy a fortune of about $3.3 billion.The conservative cable news network sold $75 million of shares at $10 each in Monday’s initial public offering.
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Newsmax Surges; Ruling Sinks J&J; Live Nation Down on Trump Order
On this episode of Stock Movers:
- Newsmax (NMAX) shares popped after opening 40% above their initial public offering price of $10 apiece, before triggering a halt for volatility. The cable news network raised $75 million from the sale of 7.5 million shares, according to a statement Mar. 28, and its IPO has given founder and CEO Christopher Ruddy a fortune of about $3.3 billion after its shares surged 735%.
- Johnson & Johnson (JNJ) is falling after a federal judge rejected the health-care products maker’s third attempt to use bankruptcy of one of its small units to end baby powder cancer claims. Analysts said that this added to the overhang on the shares given the uncertainty over how it will deal with the claims.
- Live Nation (LYV) shares are down after President Trump signed an executive order cracking down on ticket scalping and fees that drive up the costs of attending live events for consumers. The order directs the Federal Trade Commission and other agencies to ensure competition laws are enforced, promote price transparency, and prevent ticket resellers from gouging consumers.
- Microvast Holdings (MVST) jumped as much as 56% in US premarket trading after the lithium-ion battery maker reported 2024 revenue that beat its guidance thanks to growing demand for its technology.
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Newsmax's IPO Boom; J&J Falls on Ruling; Tesla in the Green
On this episode of Stock Movers:
- Newsmax (NMAX) shares popped after opening 40% above their initial public offering price of $10 apiece, before triggering a halt for volatility. The cable news network raised $75 million from the sale of 7.5 million shares, according to a statement Mar. 28, and its IPO has given founder and CEO Christopher Ruddy a fortune of about $3.3 billion after its shares surged 735%.
- Johnson & Johnson (JNJ) is falling after a federal judge rejected the health-care products maker’s third attempt to use bankruptcy of one of its small units to end baby powder cancer claims. Analysts said that this added to the overhang on the shares given the uncertainty over how it will deal with the claims.
- Tesla (TSLA) shares are up premarket after the stock closed with a loss Monday and ended the first quarter down 36%. It comes as other Magnificent 7 stocks decline and after reports of more negative sales news out of Europe: Tesla car sales in France plunged 37% in March.
- Live Nation (LYV) shares are down after President Trump signed an executive order cracking down on ticket scalping.
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Astrazeneca Drug Boost, UK Supermarkets, Travis Perkins Falls
On this episode of Stock Movers:
- AstraZeneca's experimental cholesterol drug significantly reduced “bad” cholesterol in a mid-stage trial, boosting hopes for a potential blockbuster that could be part of a powerful combination medicine targeting weight loss and related ailments. The once-a-day pill led to a 50.7% reduction in low-density lipoprotein cholesterol, often called LDL, when given on top of statins, according to data presented at the American College of Cardiology in Chicago.
- UK supermarket stocks decline as analysts cut profit estimates following a recent profit warning from Asda who are reducing prices on 10,000 items, likely signaling a period of more aggressive market activity after managing challenges from Aldi and Lidl. Tesco and Sainsbury's will have to respond to Asda, which is seeking to reestablish itself as the UK's cheapest full-line supermarket.
- Travis Perkins shares fall as much as 13% to their lowest since June 2009 after the wholesaler said there was uncertainty regarding recovery in UK construction activity and challenging market conditions have continued. Citi sees consensus downgrades on the back of the guidance.
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Canada Goose Falls, Celsius Rises, Moderna Slides
On this episode of Stock Movers:
- Canada Goose (GOOS) shares fell today on the news that Barclays was cutting the upscale parka retailer's rating to "underweight" from "equal weight", citing challenging macro pressures.
- Vaccine and biotech stocks, including Moderna (MRNA) plunged after a top regulator left the US Food and Drug Administration, casting deep uncertainty about the future of vaccines and cutting-edge gene therapies. Peter Marks, a key figure overseeing the review and approval of vaccines and other medications, resigned on Friday, citing friction with the views of new Health and Human Services Secretary and longtime vaccine critic Robert F. Kennedy Jr.
- Celsius Holdings (CELH) shares rose to hit its highest intraday level since September after Truist Securities upgraded its recommendation to buy from hold, saying the company’s Alani Nu acquisition gives it an “extremely strong position” in the women’s segment of the US energy drink category.
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Moderna Falls, Celsius Climbs, Newsmax Skyrockets in Debut
On this episode of Stock Movers:
- Vaccine and biotech stocks, including Moderna (MRNA) plunged after a top regulator left the US Food and Drug Administration, casting deep uncertainty about the future of vaccines and cutting-edge gene therapies. Peter Marks, a key figure overseeing the review and approval of vaccines and other medications, resigned on Friday, citing friction with the views of new Health and Human Services Secretary and longtime vaccine critic Robert F. Kennedy Jr.
- Celsius Holdings (CELH) shares rose to hit its highest intraday level since September after Truist Securities upgraded its recommendation to buy from hold, saying the company’s Alani Nu acquisition gives it an “extremely strong position” in the women’s segment of the US energy drink category.
- Newsmax (NMAX) shares skyrocketed as much as 683% in their debut session, as individual investors piled into the conservative media outlet after its initial public offering. Shares were repeatedly halted for volatility. Newsmax raised $75 million in the offering, selling 7.5 million shares for $10 apiece. The mania for a loss-making cable news network stands in dramatic contrast with the year’s biggest and most high-profile IPOs, after Venture Global and CoreWeave realized valuations far less than initially proposed and have traded down in the days after their debuts.
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Moderna Shares Tumble, Tesla Leads Mag 7 Lower, Canada Goose Falls
On this episode of Stock Movers:
- Makers of vaccines and gene therapies, among other biotech companies, are seeing their shares tumble in Monday trading after the FDA’s top regulator for such therapies, Peter Marks, abruptly resigned. Vaccine stocks fall: Moderna -12%, Novavax -7%, BioNTech-8.0%, CureVac -7.2%, Vir Biotechnology -4.2%, Pfizer -1.6%
- Tesla is leading losses among the Magnificent Seven stocks on Monday ahead of President Donald Trump’s deadline for a new set of sweeping global trade tariffs.
-Canada Goose shares fall 4.7% in premarket trading on Monday as Barclays cuts the upscale parka retailer’s rating to underweight from equal-weight, citing challenging macro pressures
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Tariffs Hit Tesla; Nvidia's CoreWeave Disappoints; Gold Propels Newmont
On this episode of Stock Movers:
- Tesla (TSLA) shares are down amid President Trump's incoming auto tariffs and as it expects to released its first-quarter deliveries on Wednesday. The electric car company snapped its nine-week losing streak last week, though it is down 35% on the year entering the trading day.
- Nvidia (NVDA) dropped pre-market following a disappointing IPO from the company it's backing, CoreWeave. The pure play AI start-up began trading Friday and shares fell below its offering price of $40. Nvidia's down 18% on the year coming into Monday.
- Newmont Corp. (NEM) shares are rising as gold prices rise and investors make defensive plays amid policy uncertainty about US tariffs.
- Moderna (MRNA) shares declined in premarket trading following the fiery resignation of Dr. Peter Marks, who led the FDA's Center for Biologics Evaluation and Research. Marks' quick approval for medicines for rare diseases has helped biotech companies, and the sector has sold off on the news.
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Newmont Up on Gold's Rise; Nvidia and Palantir Slump; Tesla's Tariff Slide
On this episode of Stock Movers:
- Newmont Corp. (NEM) shares are rising as gold prices rise and investors make defensive plays amid policy uncertainty about US tariffs.
- Palantir (PLTR) shares are sliding in the premarket as investors exposed to the AI trade continues to weigh on Magnificent 7 stocks.
- Nvidia (NVDA) dropped pre-market following a disappointing IPO from the company it's backing, CoreWeave. The pure play AI start-up began trading Friday and shares fell below its offering price of $40. Nvidia's down 18% on the year coming into Monday.
- Tesla (TSLA) shares are down amid President Trump's incoming auto tariffs and as it expects to released its first-quarter deliveries on Wednesday. The electric car company snapped its nine-week losing streak last week, though it is down 35% on the year entering the trading day.
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Mining Shares Fall, Primark CEO Out, Aston Martin Gains
On this episode of Stock Movers:
- Europe’s Stoxx 600 index slid 1.1%, with tariff-exposed mining, bank, and auto shares falling the most. European traders are arriving to a sea of red across global equity markets, with all eyes on US President Donald Trump and the fresh tariffs he is expected to unveil this week. Hopes for a more targeted approach from his administration were dashed over the weekend after he told reporters he plans to start his reciprocal levies push with “all countries.”
- Primark Chief Executive Officer Paul Marchant resigned following an investigation into an allegation about his behavior toward a female employee in a social environment. Associated British Foods Plc, the owner of the fashion chain, said Monday that Marchant accepts that his actions fell below the standards expected by the company and that he has apologized to the woman concerned.
- Aston Martin Lagonda Global Holdings Plc expects to raise at least £125 million ($162 million) by selling more shares to Canadian billionaire Lawrence Stroll and its minority stake in the Formula One racing team. Stroll’s Yew Tree consortium is paying around £52.5 million to increase its stake in the struggling British carmaker to around 33%, the company said Monday. Yew Tree plans to acquire 75 million new shares at 70 pence apiece, a slight premium to Friday’s closing price.
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Weekly Roundup: Broadcom Slumps, Tesla Rebounds and Wolfspeed Struggles
On this episode of Stock Movers:
- Stocks tumbled in the second worst day of the year, with tech companies like Broadcom (AVGO) closing lower. The stock was down over 30 percent since its December earnings report.
- Tesla (TSLA) rose against the grain during the week as traders digested President Donald Trump’s announcement of auto tariffs. Even small moves in Tesla’s stock have a huge market impact because the company is so much bigger than other automakers. Tesla’s 1.7% rise on Thursday brought the market capitalization of the company up $14.3 billion. Shares of General Motors Co. and Ford Motor Co. moved more to the downside, while their combined value only dropped by around $4.6 billion.
- Wolfspeed (WOLF) is struggling to reach a deal with investors to refinance its $575 million convertible bonds due next year. The Durham, North Carolina-based chipmaker has been working with JPMorgan Chase & Co. on the refinancing effort, according to people with knowledge of the matter, who asked not to be identified discussing private talks. Wolfspeed shares closed at $2.59 Friday after sinking nearly 52%, its largest-ever one-day drop.
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Ralph Lauren CEO Sells Shares, Oxford Downgraded, Argan Beats
On this episode of Stock Movers:
- Ralph Lauren Corp's (RL) shares slid after President and CEO Patrice Louvet reported a series of insider stock transactions to the US Securities and Exchange Commission. Louvet sold 14,800 shares in Ralph Lauren for $3,441,000.
- Oxford Industries shares were down as much as 12%, after the apparel company gave an outlook that is weaker than expected, prompting an analyst downgrade.
-Argan Inc. shares climb 13% postmarket after the builder of power plants posted 4Q revenue that climbed 41% from the year-ago period. 4Q revenue grew amid heightened quarterly construction activities at several projects, including the Trumbull Energy Center, a gas-fired power plant under construction near Lordstown, Ohio
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Lululemon Plunges, Nippon Steel Slumps, US Steel Gains
On this episode of Stock Movers:
- Lululemon Athletica Inc. shares dropped after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US.
- Nippon Steel Corp. shares slumped on a report that the company is considering investing as much as $7 billion to upgrade United States Steel Corp. facilities if it wins approval for its proposed $14.1 billion takeover.
-Argan Inc. shares climb 13% postmarket after the builder of power plants posted 4Q revenue that climbed 41% from the year-ago period.
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Outlook Sends Lulu Lower, US Steel Rises on Deal Hopes, Rocket Lab Surges
On this episode of Stock Movers:
- Lululemon (LULU) declined this morning after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US. CEO Calvin McDonald said that US shoppers are keeping their wallets tight and visiting stores less often amid geopolitical strife and high inflation.
- US Steel (X) shares surged this morning as a report emerged suggesting the Nippon Steel merger deal could be saved. Nippon Steel could invest, but not takeover, US Steel. Unions have opposed the deal--first proposed back in 2023--as did former President Biden and President Donald Trump.
- Rocket Lab (RKLB) surged in premarket trading after the space company was selected by the US Space Force for a $5.6 billion program, which Citi analysts said was positive for the stock. Rocket Lab was selected by the US Space Force to compete for the Department of Defense’s missions for its National Security Space Launch (NSSL) Phase 3 Lane 1 program, the company said in a statement
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US Steel Surges on Deal Revival, Meta and Apple Drop on Incoming Fine
On this episode of Stock Movers:
- Apple (APPL) shares are lower this morning in anticipation of minimal fines set to be imposed by the EU Monday on Apple and Meta under its Digital Markets Act. It seeks to avoid escalating tensions with President Donald Trump, the Financial Times reports, citing unidentified people familiar with the decisions. Apple is expected to be fined and ordered to revise its App Store rules, according to a person familiar.
-Meta (META) stocks are also lower amid incoming fines from the EU coming Monday. The Financial Times reports that Meta will also be fined and be ordered to change its “pay or consent” model.-
-US Steel (X) shares surged this morning as a report emerged suggesting the Nippon Steel merger deal could be saved. Nippon Steel could invest, but not takeover, US Steel. Unions have opposed the deal--first proposed back in 2023--as did former President Biden and President Donald Trump.
- Lululemon (LULU) declined this morning after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US. CEO Calvin McDonald said that US shoppers are keeping their wallets tight and visiting stores less often amid geopolitical strife and high inflation.
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Banking Stocks, Barclays Fuels Ferrari, Sportswear Sinks
On this episode of Stock Movers:
- The rally in European banking stocks shows few signs of cooling down after another stellar quarter. The Stoxx 600 Banks Index has surged 25% this year, its best three months since 2020. That’s made it the top-performing sector in Europe by far as investors keep increasing their exposure, and strategists see more gains ahead.
- Ferrari gets buy-equivalent ratings at Barclays and Kepler Cheuvreux after the Italian sportscarmaker confirmed its financial guidance for the year following a recent share-price slide. Both brokers cited the firm’s “unique” resilience.
- European sports apparel stocks are in focus on Friday after Lululemon Athletica shares dropped after the US brand delivered a disappointing outlook for the year and voiced concerns about consumer spending. We're watching Watch Adidas and Puma in Germany, and sports retailers JD Sports and Frasers (Sports Direct) in London.
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GM, Ford & Stellantis Slump on Tariffs, Gamestop Sinks on Bitcoin Plan
On this episode of Stock Movers:
- General Motors (GM), Ford (F), and Stellantis (STLAM IM) are among big auto companies on the move after President Donald Trump signed a proclamation to implement a 25% tariff on auto imports. The effects of the tariff could be particularly pronounced at the low end of the market, with many of the least-expensive models from the likes of General Motors, Ford, Kia Motors and Hyundai being built outside the US.
- GameStop (GME) shares slumped as investors responded to the company’s plans to load up on debt in order to buy Bitcoin. The video-game retailer erased a quarter of its value today, shedding $3 billion in market capitalization in its largest drop since last June. The rout came after the company, on Wednesday afternoon, announced plans to sell $1.3 billion in convertible bonds to fund Bitcoin purchases as it embraces a strategy that was developed by the cryptocurrency advocate Michael Saylor.
- Petco (WOOF) shares rose after its full-year earnings outlook beat expectations, signaling its new leader’s efforts to close underperforming stores is boosting profitability.
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Ford Drops on Auto Tariffs, 23andMe Shares Surge and Gamestop Drops
On this episode of Stock Movers:
- Ford (F) is lower today following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US. - 23andMe Holding Co. (ME) shares jump as much as 147% intraday Thursday, a record, after a judge ruled that the genetic testing company can try to sell information about customer data amid its bankruptcy.
- Gamestop (GME) shares drop as much as 12%, the biggest intraday drop since Sept. 11, after the video-game retailer announced that it intends to offer $1.3 billion aggregate principal amount convertible senior notes due in 2030. A Wedbush analyst said he expects the offering to “fall flat.”
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AMD Slips after Downgrade, Jefferies Earnings Miss, GM Drops on Auto Tariffs
On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.
- Jefferies (JEF) shares slide as much as 10% in regular Thursday trading, the most since Jan. 10, after earnings came in below estimates aftermarket Wednesday. Morgan Stanley lowered its price target on the financial services firm to $75 from $81 following the results.
-General Motors (GM) shares tumbled following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US.
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Tesla Rises Despite Tariffs, Robinhood Jumps on New Products, AMD Slips after Downgrade
On this episode of Stock Movers:
- Tesla (TSLA) shares ticked slightly higher in premarket trading after President Trump's tariff announcement yesterday. The president said there would be "absolutely no tariff" for cars made in the US and Tesla has key factories in California and Texas. However, the EV company could still face the effects of tariffs for auto parts.
- Robinhood (HOOD) shares rose in premarket trading after the financial services platform introduced several new products at a Wednesday event, including Robinhood Strategies, Robinhood Banking and Robinhood Cortex. Robinhood Strategies is a wealth management service that caps management fees at $250/year for “Gold” subscribers. Robinhood didn’t disclose an RIA referral program, but anticipates a more formal announcement around an RIA referral network “in the coming months.”
- Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.
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GM Tumbles, Ford Slips, Tesla Up As Tariffs Weigh on Automakers
On this episode of Stock Movers:
- General Motors (GM) shares tumbled following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US.
- Ford (F) shares slipped also on the auto tariff news. The tariffs will come into effect on April 3, initially targeting fully assembled vehicles, and will expand to include major automobile parts by May 3.
- Tesla (TSLA) shares ticked slightly higher in premarket trading after President Trump's tariff announcement yesterday. The president said there would be "absolutely no tariff" for cars made in the US and Tesla has key factories in California and Texas. However, the EV company could still face the effects of tariffs for auto parts.
- Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.
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European Auto Stocks Sink, UBS Downgraded, Next Positive
On this episode of Stock Movers:
- European auto stocks fall after President Donald Trump announced a “permanent” 25% tariff on any car not produced in the US. Stellantis and German manufacturers Porsche, Mercedes and BMW are the biggest decliners, as analysts see them as most exposed to the decision. The main European car and car parts index erased its year-to-date gains yesterday, ahead of Trump’s announcement.
- UBS shares fall as much as 5.6% as Bank of America downgrades the lender to under perform, saying the lack of clarity on regulation is likely to drag on for months.
- Next Plc raised its guidance for sales and profit, with the fashion and homewares retailer citing a stronger-than-expected start to the fiscal year despite growing risks in the UK economy. The company now expects £1.1 billion ($1.4 billion) of pretax profit this year, higher than a previous forecast of £1.05 billion, according to a statement Thursday. Next sees full-price sales this year rising 5%, up from its previous guidance of 3.5% but less than 5.8% growth last year.
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Dollar Tree Ditches Family Dollar, Chewy Beats Estimates
On this episode of Stock Movers:
- Dollar Tree (DLTR) shares rose after the retailer agreed to sell its troubled Family Dollar unit for about $1 billion. The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree’s bid to establish itself as a discount giant, with a price tag that’s a steep discount to the nearly $9 billion it paid for Family Dollar. Dollar Tree’s store count will roughly halve following the transaction.
- Chewy’s (CHWY) profit and sales beat estimates buoyed by strong customer growth. Additionally, the company issued guidance for the first quarter that came ahead of consensus forecasts. Shares in the pet food retailer were higher in early trading today, before falling in after hours trading.
- Freeport-McMoRan (FCX), a copper miner, climbed in trading today after US President Donald Trump’s administration signaled that tariffs on the industrial metal could be coming in weeks rather than months.
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Chewy Gains, GameStop Adds Bitcoin, Trade Desk Upgraded
On this episode of Stock Movers:
- Chewy (CHWY) shares rise after the online pet products retailer reported fourth-quarter net sales that beat estimates. Additionally, the company issued guidance for the metric in the first quarter that came ahead of consensus forecasts.
- GameStop (GME) shares jump after the struggling video-game retailer that became a favorite of retail traders during the meme stock frenzy said its board approved a plan to add Bitcoin as a treasury reserve asset. The company also reported fourth-quarter net sales that tumbled 28% year-over-year.
- Trade Desk (TTD US) shares edge higher after CFRA upgraded the advertising-technology company to buy from hold. The stock had fallen more than 55% off a December peak, and the “valuation is extremely enticing” after that drop, while “growth rates and margins remain healthy,” analyst Angelo Zino writes
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Chewy Beats, Dollar Tree Sale, Tariffs Hit Metals Companies
On this episode of Stock Movers:
- Chewy (CHWY) shares rise after the online pet products retailer reported fourth-quarter net sales that beat estimates. Additionally, the company issued guidance for the metric in the first quarter that came ahead of consensus forecasts.
- Dollar Tree (DLTR) shares rise as the company will sell its Family Dollar chain for about $1 billion to Brigade Capital Management and Macellum Capital Management a decade after buying the business. The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree’s bid to establish itself as a discount giant, with a price tag that’s a steep discount to the nearly $9 billion it paid for Family Dollar.
-Freeport-McMoRan (FCX) shares climb after US President Donald Trump’s administration signaled that tariffs on the industrial metal could be coming in weeks rather than months. The company has been gaining as it is expected to be a winner if copper tariffs are imposed.
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Trump Media, GameStop, and Dollar Tree Rise on Crypto and Deal News
On this episode of Stock Movers:
- Trump Media & Technology Group shares climbed this morning following recent news that the company behind the president’s Truth Social platform said it agreed with Crypto.com to offer a suite of “America-First” investment funds. The funds include ETFs holding Bitcoin and other digital assets.
- Dollar Tree shares jumped in premarket trading after the Wall Street Journal reported that the discount retailer is nearing a sale of its Family Dollar business to Brigade Capital Management and Macellum Capital Management for about $1 billion, citing people familiar with the matter. A deal is expected to be announced later Wednesday morning when Dollar Tree posts earnings, the WSJ reported
- GameStop shares rose in the premarket trade after the video game retailer said its board had approved an update to its investment policy to add Bitcoin as a treasury reserve asset. The company also reported fourth-quarter net sales that tumbled 28% year-over-year.
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Tariff Threats Hit Copper Company, GameStop Bitcoin Gains, Tesla Downgrade
On this episode of Stock Movers:
- Freeport-McMoRan moved on the news that US tariffs on copper imports could be imposed within several weeks, earlier than the 270-day deadline. Copper prices have risen to a record, with analysts expecting a 25% tariff to be imposed by the end of this year.
- Dollar Tree shares jumped in premarket trading after the Wall Street Journal reported that the discount retailer is nearing a sale of its Family Dollar business to Brigade Capital Management and Macellum Capital Management for about $1 billion, citing people familiar with the matter. A deal is expected to be announced later Wednesday morning when Dollar Tree posts earnings, the WSJ reported
- GameStop shares rose in the premarket trade after the video game retailer said its board had approved an update to its investment policy to add Bitcoin as a treasury reserve asset. The company also reported fourth-quarter net sales that tumbled 28% year-over-year.
- Tesla led Magnificent 7 shares lower today as it fell as much as 1.9%; stock is cut to hold at Mirae Asset Securities. The Bloomberg Magnificent 7 index, an equal-weighted gauge of the stocks, has fallen 9.6% this year, after jumping 67% in 2024.
- Nvidia is lower as much as 0.9%; the Financial Times reported that China’s energy rules for advanced chips could dent the chipmaker’s sales. The FT reports the rules would prevent Chinese companies from buying Nvidia’s best-selling processors should legislation be strictly implemented.
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JPMorgan Boosts Ocado, Witcher Delay Hits CD Projekt, Vistry Pops
On this episode of Stock Movers:
- Ocado gets a positive analyst rating from JPMorgan for the first time in over seven years, with the broker upgrading to overweight from neutral to reflect a “turning tide” in the digital grocery sector. The shares rise as much as 12%. Analyst Marcus Diebel, who last held an overweight on the stock in 2018, says in note there are now several reasons to take a more optimistic view and sees an inflection point approaching.
- CD Projekt’s strong 4Q earnings, boosted by positive tax one-off as well as cooperation with Scopely, is seen positive, however news that the game Witcher 4 won’t be released before 2027 may disappoint investors, according to analysts.
- British developer Vistry Group is planning to capitalize on a government pledge this week to inject £2 billion ($2.6 billion) into affordable homes, as the housebuilder looks to recover from a turbulent end to 2024. The company, which partners with housing associations to build affordable homes, said it was looking to progress “as quickly as possible” to deliver new units, according to a statement Wednesday. Chancellor of the Exchequer Rachel Reeves unveiled grants for social and affordable homes this week, as the Labour government aims to build 1.5 million homes over five years.
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KB Home Tumbles, DJT Crypto Plans , Cassava Shares Slumps
On this episode of Stock Movers:
- KB Home shares fell nearly 9% today after the homebuilder posted disappointing 1Q results. The firm also cut its fiscal revenue guidance for this year, saying demand at the start of the spring selling season was more muted. Analysts noted that affordability issues are putting pressure on housing activity.
- Trump Media & Technology Group plans to work with Crypto.com on a lineup of “Made-in-America” investments — an arrangement that puts the president’s social media company in business with a Singapore-based firm that was locked in a legal battle with US regulators last year. The Truth Social parent will sell exchange-traded funds tied to digital assets and other US-focused investments on a platform owned by Crypto.com, according to a statement Monday. The products will be available this year in the US, Europe and Asia, pending regulatory approval. Crypto.com will supply the cryptocurrencies and technology underpinning them, and they’ll be available through Foris Capital, a New Hampshire-based platform it acquired last year.
- Cassava shares slumped nearly 30% after the drug developer said it plans to discontinue its Alzheimer's program by the end of the second quarter, following a late-stage trial failure.
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KB Home Disappointing Results, Tesla Sales, Cassava Shares Slump
On this episode of Stock Movers:
- KB Home (KBH) shares fell after the homebuilder posted disappointing 1Q results and cut its fiscal 2025 revenue guidance, saying demand at the start of spring selling season was more muted than historical levels. The company missed its sales goals for 1Q. Management is cutting guidance primarily to reflect the lower level of net orders generated in the 1Q.
- Tesla (TSLA) sales fell for the 10th time in the last 12 months in Europe, where Elon Musk’s politicking and a changeover of the carmaker’s most important product have been major hindrances. The company registered 16,888 new cars in February, down 40% from a year ago, according to the European Automobile Manufacturers’ Association.
- Cassava (SAVA) shares slump after the drug developer said it will discontinue its Alzheimer’s program with simufilam by the end of the second quarter, following a late-stage trial failure. Topline data indicated that REFOCUS-ALZ did not meet each of the prespecified co-primary, secondary and exploratory biomarker endpoints.
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Carvana Shares Rise, Cloudfare Climbs, Trump Media Crypto Partnership
On this episode of Stock Movers:
- Carvana (CVNA) shares rise after Morgan Stanley raised the used-car retailer to overweight, saying the pullback in shares creates an attractive entry point for the used-car retailer. The stock had slid 25% from a peak in February through last close amid a broader market slump.
- Cloudflare (NET) shares climb as BofA double-upgrades the software company to buy on improving fundamentals, saying it’s set to be an “AI winner.” Cloudflare’s differentiated positioning in AI leaves “high probability” the firm can become leader in AI-as-a-Service (AlaaS)
-Trump Media (DJT) shares jump after signing a non-binding agreement to partner with Crypto.com for a series of ETFs through its Truth.Fi brand. The products will be available this year in the US, Europe and Asia, pending regulatory approval.
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Tesla Rises , KB Home and Housing Concerns, Trump Media Jumps
On this episode of Stock Movers:
- Tesla stock is higher this morning along with the entire global auto sector, despite dismal news on European sales. Sales in Europe have fallen in 10 of the last 12 months, with a 40% drop in February compared to the same month last year. The company's sales declined 43% in the first two months of this year, despite a 31% rise in industrywide EV registrations. Tesla is counting on its redesigned Model Y to boost sales while Cathie Wood's Ark Investment Management expects Tesla's stock to hit $2,600 in five years, with 90% of its value coming from robo taxis.
- Trump Media and Technology Group shares jumped in premarket trading Tuesday after signing a non-binding agreement to partner with Crypto.com for a series of ETFs through its Truth.Fi brand. America-first investment funds to launch in 2025 alongside a slate of Truth.Fi SMAs. Trump Media will invest up to $250m of its own cash in ETFs and SMAs, custodied by Charles Schwab.
- KB Homes is down significantly after reporting first quarter earnings that missed estimates and a revenue drop. The figures are much lower than expected due to affordability concerns and it could signal concern over the American housing complex.
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Tesla Sales Decline, KB Home Earnings Miss, Trump Media Crypto Partner
On this episode of Stock Movers:
- Tesla stock is higher this morning along with the entire global auto sector, despite dismal news on European sales. Sales in Europe have fallen in 10 of the last 12 months, with a 40% drop in February compared to the same month last year. The company's sales declined 43% in the first two months of this year, despite a 31% rise in industrywide EV registrations. Tesla is counting on its redesigned Model Y to boost sales while Cathie Wood's Ark Investment Management expects Tesla's stock to hit $2,600 in five years, with 90% of its value coming from robo taxis.
- Trump Media and Technology Group shares jump 10% in premarket trading Tuesday after signing a non-binding agreement to partner with Crypto.com for a series of ETFs through its Truth.Fi brand. America-first investment funds to launch in 2025 alongside a slate of Truth.Fi SMAs. Trump Media will invest up to $250m of its own cash in ETFs and SMAs, custodied by Charles Schwab.
- KB Homes is down significantly after reporting first quarter earnings that missed estimates and a revenue drop. The figures are much lower than expected due to affordability concerns and it could signal concern over the American housing complex.
- Carvana shares are up after Morgan Stanley analyst Adam Jonas upgraded the stock to overweight from equal weight, saying the pullback in shares creates an attractive entry point for investors.
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Kingfisher Drops, Shell's LNG Bet, 'Take A Breather' On Truckmakers
On this episode of Stock Movers:
- Kingfisher shares fall as much as 12%, the most since November, after the British home improvement firm reported a disappointing 2026 outlook, analysts note, with its French and Polish businesses weighing particularly.
- Shell said it would boost investor returns through the end of this decade by reinforcing its position as the world’s top trader of liquefied natural gas. The London-based energy giant will expand LNG sales, the key driver of profit growth in recent years, by 4% to 5% annually until 2030, according to a statement on Tuesday. This will help the company return as much as half its cash from operations to investors, with a preference for share buybacks.
- Barclays says it’s “time to take a breather” on EU truckmakers as an aggressive US tariffs stance could derail a rally driven by German spending reforms and early signs of a recovery in orders. Downgrades Volvo to underweight from equalweight and both Daimler Truck and Traton to equalweight from overweight.
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Tesla Retail Fans Send Shares Higher, United Hikes Lounge Fees
On this episode of Stock Movers:
- Tesla retail fans pushed shares as much as 12% higher today during trading. The company has long had an ardent fan base of individual investors who hang on Elon Musk’s every word on X, the social-media platform he owns. They analyze Tesla in great detail in online forums and largely function as a hype crew for the stock.
- United Airlines will begin charging customers more to access its airport lounges to help combat a rise in overcrowding since the pandemic. Individual United Club memberships will now cost $750 or 94,000 reward miles a year for MileagePlus loyalty program members, the company said in a message to customers on Monday. The company is also adding a new “All Access” membership tier priced at $1,400 or 175,000 miles that extends lounge access to certain guests traveling with a member.
- Space exploration company Intuitive Machines shares were up as much as 23%, the most intraday in two months, after management said its 4Q backlog has increased 22% year-over-year, marking the highest quarter-ending backlog in company history. During the earnings call, management said they see opportunity in the change of US administrations and the ensuing efforts to revamp government, including NASA.
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Tesla Leading Gains, Fannie Mae Privatization, Microstrategy Buying More Bitcoin
On this episode of Stock Movers:
- Tesla is leading gains among the Magnificent Seven stocks on Monday as retail investors buy into the stock. The stock is higher amid a broader rally, with US stock futures rising on signs that the next round of President Donald Trump’s tariffs may be more measured than previously suggested.
- Fannie Mae and Freddie Mac shares are rising Monday after the Wall Street Journal reported Sunday that the Trump administration is considering an executive order on housing that may push for the privatization of the two home loan giants.
- Michael Saylor’s MicroStrategy bought $584.1 million of Bitcoin after raising more than $700 million last week through the sale of so-called perpetual strife preferred stock. The purchase, the latest in a series of almost weekly acquisitions since late October, increased the dot-com-era software maker turned leveraged Bitcoin proxy’s holding of the cryptocurrency to around $44.3 billion.
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BYD Leapfrogs Tesla, Boeing Next-Generation Plane, Azek Acquisition
On this episode of Stock Movers:
- BYD ’s sales last year surpassed the $100 billion mark, leapfrogging Elon Musk’s Tesla Inc. on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.
- Boeing Co. shares were upgraded to buy, from hold, at Melius Research after the planemaker won a contract for a next-generation US stealth fighter jet. Lockheed Martin Corp. shares were downgraded to hold, from buy, after the failure to win that contract and a series of other competitive losses.
- James Hardie Industries Plc Chief Executive Officer Aaron Erter defended the company’s $8.75 billion acquisition of home-decking provider AZEK Co.
Shares in James Hardie closed down 14.5% in Sydney trading, the steepest decline in 10 months, after the deal was announced Monday, wiping about A$2.9 billion off the company’s market value.
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Apple Smartwatch AI, Ant Cutting Costs, Clearlake Acquisition
On this episode of Stock Movers:
- Apple is exploring the idea of adding cameras and visual intelligence features to its smartwatch, thrusting the company into the AI wearables market. Also: Apple makes major executive changes following its Siri struggles, while the EU is pushing hard to open up iOS.
- Jack Ma-backed Ant Group Co. used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, according to people familiar with the matter.Ant used domestic chips, including from affiliate Alibaba Group Holding Ltd. and Huawei Technologies Co., to train models using the so-called Mixture of Experts machine learning approach, the people said. It got results similar to those from Nvidia Corp. chips like the H800, they said, asking not to be named as the information isn’t public.
- Clearlake Capital Group has agreed to acquire Dun & Bradstreet Holdings Inc. in a deal that values one of Wall Street’s oldest data and analytics providers at $4.1 billion.The private equity firm will pay $9.15 per share in cash for Jacksonville, Florida-based Dun & Bradstreet, according to a statement Monday that confirmed an earlier Bloomberg News report.
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Tesla Bounces Back, Meta Gains on AI, General Mills Suffers Downgrade
On this episode of Stock Movers:
- Tesla shares are higher in the premarket on Monday as retail investors buy into the stock. As of last week, individual investors have been net buyers of Tesla shares for 13 straight sessions through Thursday, pumping $8 billion into the stock, retail trading data from JPMorgan Chase shows.
- Meta shares are up after the company reportedly has been discovered to be profiting from its Llama AI models through revenue-sharing agreements with host businesses. An unredacted court filing sin the copyright lawsuit Kadrey v. Meta showed the company earns a share of the revenue from businesses that host its Llama AI models.
- General Mills shares are down as Morgan Stanley analyst Megan Alexander gave GIS an underweight initiation, announcing a price target of $53.
- Lockheed Martin shares are lower this morning after Boeing beat out LMT for a contract to design and build the US's next-generation stealth fighter jet. Bank of America analyst Ronald Epstein downgraded LMT to Neutral from Buy with a price target of $485, down from $685, on the news. Melius Research analyst Scott Mikus also downgraded Lockheed Martin to Hold from Buy.
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SAP Dethrones Novo, RWE Gains on Elliott Interest, Thales Rises
On this episode of Stock Movers:
- SAP claimed the title of Europe’s most valuable public company, replacing Danish weight-loss drug maker Novo Nordisk. Shares of SAP, which have been powered by growing investor optimism over its cloud-based software, rose 1,6% on Monday, valuing the German company at about €314 billion ($340 billion).
- Elliott Investment Management called on RWE to ramp up buybacks after amassing a stake of close to 5% in the German utility. “We share the market’s disappointment with the lack of clarity regarding the company’s commitment to enhance shareholder returns,” Elliott said in a statement. RWE has been under pressure from investors due to its falling share price and its focus on a huge investment program.
- UBS cut the recommendation on Leonardo to neutral, preferring other stocks in the space for exposure to the defence supercycle theme. Peers Saab and Thales are raised to buy. UBS says Leonardo management’s actions, including the dividend increase and efforts to lower exposure to the Boeing 787, have improved business returns, but these efforts are now reflected in the share price. UBS says Thales’s guidance for 6%-7% organic sales growth per year in the long term is likely to prove conservative.
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Boeing, FedEx, Nike
On this episode of Stock Movers:
- Boeing won a contract to design and build the US’s next-generation stealth fighter jet, beating out rival Lockheed Martin for the multibillion dollar program aimed at preparing the military for possible conflict with China. The new sixth-generation fighter jet, whose overall cost is expected to run in the hundreds of billions of dollars, “will ensure that the USA continues to dominate the skies,” President Donald Trump said in an unveiling at the White House. Trump, the 47th president, said with a smile that it will be dubbed the F-47.
- FedEx shares tumbled after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments. Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat. FedEx is the latest US company to sound the alarm amid weakening consumer confidence and potential fallout from President Donald Trump’s escalating trade war.
- Nike’s turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war. Shares fell in pre-market trading Friday as the sportswear maker signaled further declines in revenue and profitability from an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier, in part due to US tariffs on products from China and Mexico. Chief Executive Officer Elliott Hill, a longtime Nike executive who came out of retirement to take the top role in October, is looking to guide the company back to growth after a difficult year of falling sales and corporate layoffs.
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Nike, FedEx, Luminar
On this episode of Stock Movers:
- Nike’s turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war.Shares fell in trading Friday as the sportswear maker signaled further declines in revenue and profitability from an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier, in part due to US tariffs on products from China and Mexico.
- FedEx Corp. shares tumbled after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments.Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat.
- Luminar Technologies shares rose after the maker of sensors for automobiles posted 4Q revenue that topped estimates and provided guidance for 2025, including guidance for revenue growth of as much as 20%. The quarter’s sensor sales increased, both to Volvo and adjacent-market customers; Luminar shipped more than 4,000 of its Iris sensors to customers and the vast majority of these sensors were shipped to Volvo, CFO Tom Fennimore said on the earnings call
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IAG, FedEx, Nike
On this episode of Stock Movers:
- International Consolidated Airlines Group shares fall as much as 4.3% after British Airways hub Heathrow Airport was forced to close all day Friday after a nearby fire caused a power outage. Disruption is likely to last for several days, according to Jefferies.
- FedEx shares slipped after lowering its full-year guidance for the third consecutive quarter due to inflation and uncertain demand for shipments. The company cited a "very challenging" operating environment, including a shorter peak shipping season and severe weather.
- Nike's shares fell in pre-market trading as the company signaled further declines in revenue and profitability due to an ongoing merchandise reset and the impact of US tariffs on products from China and Mexico. The company is trying to clear out old inventory through heavy discounting, but inventory levels remain "elevated across all categories", and gross margin is expected to decline sharply in the current quarter.
- Madison Square Garden Sports Class A trading volume jumped to more than five times the 20-day average for this time of day. Madison Square Garden Sports rose 2.2% to $199, but the shares are down 12% this year.
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FedEx, Nike, Micron
On this episode of Stock Movers:
- FedEx shares slipped after lowering its full-year guidance for the third consecutive quarter due to inflation and uncertain demand for shipments. The company cited a "very challenging" operating environment, including a shorter peak shipping season and severe weather.
- Nike's shares fell in pre-market trading as the company signaled further declines in revenue and profitability due to an ongoing merchandise reset and the impact of US tariffs on products from China and Mexico. The company is trying to clear out old inventory through heavy discounting, but inventory levels remain "elevated across all categories", and gross margin is expected to decline sharply in the current quarter.
- Micron shares are moving down in premarket despite giving forecasts fiscal third-quarter revenue of about $8.8 billion, exceeding average analyst estimates of $8.55 billion. The company's strong demand is driven by components used in data center machines for artificial intelligence software, with data center revenue tripling from last year.
- NIO stock dropped on Friday after the electric vehicle maker missed Wall Street's revenue forecast and issued disappointing guidance. NIO reported fourth-quarter revenue of 19.7 billion Chinese yuan ($2.70 billion), as the number of EVs it delivered climbed 45% from a year ago to 72,689. Analysts were expecting revenue of $2.79 billion, according to FactSet consensus estimates. Guidance also looked soft.
- Lockheed Martin share are up with the White House set to announce the winner of the contest to build the next-generation fighter jet on Friday, choosing between Lockheed Martin and Boeing. The announcement will be made nearly two years after the Air Force issued a formal request for proposals for the Next Generation Air Dominance manned fighter, with plans to spend up to $16 billion on research and development through 2028.
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IAG, Douglas, Wetherspoon
On this episode of Stock Movers:
- London’s Heathrow airport will close all day Friday after a nearby fire caused a major power outage, throwing one of the world’s busiest airports and the travel plans of hundreds of thousands of people into chaos. Home to airlines including IAG SA’s British Airways and Virgin Atlantic, Heathrow handles more than 1,400 flights and 200,000 passengers every day, and about 40 aircraft take off every hour at peak times on average.The airport, by far the biggest in the UK, is a major hub for trans-Atlantic travel as well as connections into the Middle East and Asia. While London has other airfields, including Gatwick and the smaller Stansted near Cambridge, Heathrow handles the lion’s share of air connections, and an outage on the current scale is unprecedented for the airfield.
- Douglas shares fall as much as 23%, the most ever and to a record low after the German beauty product retailer issued a profit warning, citing increasing competition and a consumer slowdown in France and Germany, its two biggest markets.
- J D Wetherspoon shares slide as much as 12%, hitting a two-year low, after Shore Capital said it expects consensus estimates to fall after the pub chain’s results came in softer than anticipated in the first half. Jefferies said it sees limited scope for its valuation multiple to expand due to concerns circling around the UK consumer.
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Accenture, Darden, QXO
On this episode of Stock Movers:
- Accenture shares tumbled after the consultancy said its US government work has slowed amid Elon Musk’s cost-cutting push. The company, with nearly 800,000 employees around the world, said new procurement actions had decreased amid President Donald Trump’s spending crackdown, hurting its sales and revenue. Accenture Chief Executive Officer Julie Sweet said on a call discussing earnings that federal services accounted for about 8% of its global revenue and about 16% of its Americas revenue in the 2024 fiscal year.
- Darden shares rise as much as 7.8%, the most intraday since Dec. 19, after management said on the conference call that it’s implied fourth-quarter guidance includes comparable sales growth above 3%, which is ahead of the consensus view of 2.3% growth. The annual forecasts also imply 4Q total sales of $3.23 billion to $3.26 billion, and adjusted EPS between $2.88 and $2.95; these compare to Bloomberg consensus estimates of $3.23 billion, and $2.93, respectively.
- QXO has agreed to acquire Beacon Roofing Supply Inc. in a deal that values the distributor of roofing, waterproofing and exterior products at about $11 billion including debt. The agreement ends months of back-and-forth between the companies and avoids a full-blown hostile takeover battle. QXO will pay $124.35 per share in cash for Herndon, Virginia-based Beacon after a previous offer of $124.25 was rebuffed. The price represents about a 26% premium to Beacon’s closing price on Nov. 15, the last trading day before news of takeover interest first emerged.
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Tesla, Nvidia, Darden
On this episode of Stock Movers:
- Tesla Inc. recalled all the Cybertrucks it produced and sold in the first 15 months it’s been on the US market over a safety issue it’s having trouble resolving.The carmaker estimates that 1% of the 46,096 pickups it’s calling back have a defect, according to a recall report filed with the US National Highway Traffic Safety Administration. Pieces of steel trim along the exterior of the Cybertruck are joined to the vehicle by an adhesive that’s “susceptible to environmental embrittlement,” the company said.
- Nvidia Corp. aims to spend several hundred billion dollars to procure US-made chips and electronics over the next four years, the Financial Times reported.Chief Executive Officer Jensen Huang told the FT that the latest chips designed by his company, and Nvidia-powered servers for data centers, can now be produced at US-based factories operated by Taiwan Semiconductor Manufacturing Co. and Foxconn Technology Group. It marked a major step forward in supply chain resilience for the Santa Clara, California-based chipmaker, Huang added.
- Darden shares rise the most intraday since Dec. 19, after management said on the conference call that it’s implied fourth-quarter guidance includes comparable sales growth above 3%, which is ahead of the consensus view of 2.3% growth. The annual forecasts also imply 4Q total sales of $3.23 billion to $3.26 billion, and adjusted EPS between $2.88 and $2.95; these compare to Bloomberg consensus estimates of $3.23 billion, and $2.93, respectively. Management said 3Q comp. sales started with a negative gap to the industry average in December, but turned positive in January and February, with both months exceeding the industry benchmark by “well over 100 basis points,” adding that for the first three weeks of 4Q, Darden is seeing further improvement in sales trends.
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Nvidia, Five Below, Carvana
On this episode of Stock Movers:
- Nvidia Corp. aims to spend several hundred billion dollars to procure US-made chips and electronics over the next four years, the Financial Times reported.Chief Executive Officer Jensen Huang told the FT that the latest chips designed by his company, and Nvidia-powered servers for data centers, can now be produced at US-based factories operated by Taiwan Semiconductor Manufacturing Co. and Foxconn Technology Group. It marked a major step forward in supply chain resilience for the Santa Clara, California-based chipmaker, Huang added.
- Five Below shares rose as much as 13% in premarket trading after the discount retailer reported fourth-quarter results that beat expectations. Still, analysts were cautious about the long-term impact of tariffs, with those at Morgan Stanley and Barclays cutting their targets. “Until there is more clarity on the tariff front, we see a balanced risk/reward at current levels,” the analysts wrote in a note.
- Piper Sandler upgrades Carvana and ACV Auctions to overweight from neutral as the broker turns bullish on vehicle technology stocks, saying they can can grow despite macro unease and higher tariffs.Analyst Alexander Potter notes that “most used car transactions don’t span international borders, and demand is relatively stable, regardless of the macro.”
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Tesla, Nvidia, Five Below
On this episode of Stock Movers:
- Tesla shares dropped on the news it's recalling all the Cybertrucks it produced and sold in the first 15 months it was on the market in the US over a safety issue it’s having trouble resolving. The carmaker estimates that 1% of the 46,096 pickups it’s calling back have a defect, according to a recall report filed with the US National Highway Traffic Safety Administration. Pieces of steel trim along the exterior of the Cybertruck are joined to the vehicle by an adhesive that’s “susceptible to environmental embrittlement,” the company said.
- Nvidia shares rose on a report from the Financial Times that it plans to spend several hundred billion dollars to procure US-made chips and electronics over the next four years. Chief Executive Officer Jensen Huang told the FT that the latest chips designed by his company, and Nvidia-powered servers for data centers, can now be produced at US-based factories operated by Taiwan Semiconductor Manufacturing Co. and Foxconn Technology Group. It marked a major step forward in supply chain resilience for the Santa Clara, California-based chipmaker, Huang added.
- Five Below shares are moving after it forecast net sales for the first quarte and the guidance beat the average analyst estimate. The company sees net sales $905 million to $925 million, versus the estimate of $897.8 million.
See omnystudio.com/listener for privacy information.
Tesla, Nvidia, Shoe Carnival
On this episode of Stock Movers:
- Tesla shares dropped on the news it's recalling all the Cybertrucks it produced and sold in the first 15 months it was on the market in the US over a safety issue it’s having trouble resolving. The carmaker estimates that 1% of the 46,096 pickups it’s calling back have a defect, according to a recall report filed with the US National Highway Traffic Safety Administration. Pieces of steel trim along the exterior of the Cybertruck are joined to the vehicle by an adhesive that’s “susceptible to environmental embrittlement,” the company said.
- Nvidia shares rose on a report from the Financial Times that it plans to spend several hundred billion dollars to procure US-made chips and electronics over the next four years. Chief Executive Officer Jensen Huang told the FT that the latest chips designed by his company, and Nvidia-powered servers for data centers, can now be produced at US-based factories operated by Taiwan Semiconductor Manufacturing Co. and Foxconn Technology Group. It marked a major step forward in supply chain resilience for the Santa Clara, California-based chipmaker, Huang added.
- Shoe Carnival premarket shares are sinking after it said it expects sales to decline this fiscal year. The retailer expects sales of $1.15 billion to $1.23 billion for the fiscal year that started Feb. 2, down 2% to 4% from last year's total. Analysts polled by FactSet had been forecasting $1.24 billion. Full-year earnings are expected to come in at $1.60 to $2.10 a share, missing analyst projections for $2.67 a share, according to FactSet.
- Five Below shares are moving after it forecast net sales for the first quarte and the guidance beat the average analyst estimate. The company sees net sales $905 million to $925 million, versus the estimate of $897.8 million.
See omnystudio.com/listener for privacy information.
Sodexo, Babcock, Swatch
On this episode of Stock Movers:
- Sodexo SA shares plunged the most in almost seven years after the French food services company lowered its revenue guidance, citing slower growth at its US university business. The stock dropped as much as 16% in Paris, the biggest intraday decline since March 2018. Rival catering companies also fell, with London-listed Compass Group Plc sliding as much as 4.1%.
- British warship maker Babcock International Group Plc will rejoin the FTSE 100 index amid a rally in defense stocks as Europe ramps up security spending. The London-based firm will replace Hargreaves Lansdown Plc in the benchmark on Monday, FTSE Russell said in a statement. A spot is opening up in the index because Hargreaves has agreed to a takeover by a group of private equity firms.
- Swiss watch exports’ downward trajectory resumed in February after a one-month respite, with all main markets seeing a decline. Shipments from Switzerland’s third-biggest exporting industry fell 8.2% overall, hampered by slow demand in China, the Federation of the Swiss Watch Industry said Thursday. In total, 102,000 fewer watches were exported. Only watches with an export price below 200 Swiss francs ($228) posted a positive result. Mid-market watches — priced between 500 and 3,000 francs — fell 15.4%, while timepieces above 3,000 francs slipped 7.3%. Precious metal watches held up better than steel watches, despite high gold prices.
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Introducing: Stock Movers
Stock Movers is a new, five-minute podcast on today's winners and losers in the stock market. Listen for analysis on the companies making news in markets.
Listen on Apple: https://podcasts.apple.com/us/podcast/stock-movers/id1803209456
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En liten tjänst av I'm With Friends. Finns även på engelska.