On this episode of Stock Movers:

- Alphabet (GOOGL) falls after the Google parent forecast full year 2026 capital expenditures of up to $185 billion, far exceeding consensus estimates. Analysts said the jump in spending may concern some investors, while others said it underscored the company’s confidence with AI.

- Estée Lauder Cos. (EL) tumbles after its outlook boost failed to reassure some investors about the pace of the cosmetics conglomerate’s turnaround.

- Hershey Co. (HSY) rises after offering a better-than-expected 2026 outlook as higher prices and new products bolster the candymaker’s performance.

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