Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Cloudflare (NET) dipped this morning after the company gave a forecast for revenue that fell short of analysts’ expectations. The company said it would slash its current workforce by roughly 1,100 people as it prioritizes artificial intelligence tools in its operating model.
- CoreWeave (CRWV) is lower after it gave a disappointing forecast for the current quarter, with revenue expected to range from $2.45 billion to $2.6 billion.
- IREN Ltd. (IREN) is rising this morning after it was announced Nvidia is investing as much as $2.1 billion in the data center developer IREN Ltd. as part of a broader partnership between the two companies aimed at accelerating the construction of artificial intelligence infrastructure.

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On this episode of Stock Movers:
- Amadeus IT Group climbs as much as 5.7% after the company, which processes transactions for the travel and tourism industry, topped expectations in the first quarter and reiterated its guidance despite the disruption being caused by the Middle East conflict.
- IAG shares fall as much as 5.9%, the most in two months, after the airline group warned profit will be lower than previously anticipated this year. Analysts point to higher fuel costs due to the Middle East conflict and cuts to capacity growth, free cashflow and capital expenditure outlooks.
- Rheinmetall shares fall 2.7% on Tradegate versus Germany’s Thursday close after JPMorgan cut its rating to neutral from overweight and slashed its price target by almost 30%.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Commerzbank falls as much as 2.4% after its latest earnings. Analysts say the lender’s upgraded targets are ambitious, but also viewed with some skepticism as the bank steps up its defense against a hostile takeover attempt by UniCredit.
_ IAG shares fall as much as 5.9%, the most in two months, after the airline group warned profit will be lower than previously anticipated this year. Analysts point to higher fuel costs due to the Middle East conflict and cuts to capacity growth, free cashflow and capital expenditure outlooks.
_ Rheinmetall shares fall 2.7% on Tradegate versus Germany’s Thursday close after JPMorgan cut its rating to neutral from overweight and slashed its price target by almost 30%.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- IREN (IREN) shares skyrocketed on reports that Nvidia (NVDA) is investing as much as $2.1 billion in the data center developer IREN Ltd. as part of a broader partnership between the two companies aimed at accelerating the construction of artificial intelligence infrastructure. IREN has agreed to issue Nvidia a five-year right to purchase as many as 30 million shares at an exercise price of $70, the companies said in a statement Thursday. IREN’s shares soared 21% to $69.29 in after-hours trading on Thursday. Nvidia’s stock was virtually unchanged. 

- Block (XYZ) shares surged after it raised its full-year profit forecast following AI-related job cuts announced earlier in the year. The Jack Dorsey co-founded payments company expects gross profit of $12.33 billion by the end of the year, Block said in a statement Thursday. That’s slightly higher than the $12.1 billion that analysts on average estimated. It also forecast adjusted operating income of $3.34 billion, higher than the $3.2 billion projected by analysts. Block’s shares had gained nearly 8% this year before the post-market release.

- Airbnb (ABNB) boosted its annual forecast on robust bookings in the major markets in the Americas, while it posted a big jump in spending as part of an effort to diversify the business. The short-term rental company said it expects annual revenue growth to “accelerate to low- to mid-teens.” In February, Airbnb told investors it anticipated annual sales would gain “at least low double digits.” Analysts, on average, projected a 12% jump, according to data compiled by Bloomberg. The shares gained about 1% in extended trading after closing at $140.46 in New York. The stock had been up about 3.5% this year.

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On this episode of Stock Movers:
- Datadog (DDOG) surged by the most in more than six years after the software developer raised its full-year outlook for sales and earnings, far exceeding Wall Street’s expectations.Revenue is now expected to total $4.3 billion to $4.34 billion, above analysts’ estimates of $4.09 billion on average. The company also raised its adjusted earnings guidance to as much as $2.44 a share, from as much as $2.16 previously.
- Tapestry (TPR) shares decline as much as 10% in trading on Thursday, the most intraday since Nov. 6, as analysts point out that the company’s full-year guidance implies a fourth-quarter slowdown at its Coach brand. Shares had surged 16% this year through Wednesday’s close.
- Whirlpool (WHR) shares tumbled 21% after the household appliance manufacturer more than halved their earnings outlook with the war weighing on consumer demand.

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On this episode of Stock Movers:
- DataDog (DDOG) shares surged by the most in more than six years after the software developer raised its full-year outlook for sales and earnings. Revenue is now expected to total $4.3 billion to $4.34 billion, above analysts’ estimates of $4.09 billion on average. Datadog Chief Executive Officer Olivier Pomel said the company is "aggressively building with and for AI", and has signed deals with "two of the world’s biggest AI research teams" to help them with their training workflows.
- Blue Owl (OWL) shares drop. This comes as Blue Owl Capital is preparing to launch a debut credit secondaries strategy and is in early-stage talks with prospective investors for the fund, according to a person familiar with the matter. The private credit-secondary market allows investors to buy or sell stakes in private-asset funds, often at a discount, and the volume of secondaries transactions nearly doubled last year.
- Shake Shack (SHAK) shares plummeted after the burger chain reported first-quarter revenue that missed expectations due to pressures including rising beef costs and inclement weather. The company reported revenue of $366.7 million, below the analyst estimate for $372.5 million, and comparable sales growth of 4.6% was roughly in line with expectations.

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On this episode of Stock Movers:
- Shake Shack (SHAK) shares plummeted after the burger chain reported first-quarter revenue that missed expectations due to pressures including rising beef costs and inclement weather. The company reported revenue of $366.7 million, below the analyst estimate for $372.5 million, and comparable sales growth of 4.6% was roughly in line with expectations.
- DataDog (DDOG) shares surged by the most in more than six years after the software developer raised its full-year outlook for sales and earnings. Revenue is now expected to total $4.3 billion to $4.34 billion, above analysts’ estimates of $4.09 billion on average. Datadog Chief Executive Officer Olivier Pomel said the company is "aggressively building with and for AI", and has signed deals with "two of the world’s biggest AI research teams" to help them with their training workflows.
- Citigroup (C) shares drop. Citigroup Inc. issued new guidance showing it would take the lender more time to catch up to Wall Street peers, with a return on tangible common equity of about 14% to 15% by 2031. The bank's guidance was described as "underwhelming" by some analysts, with investors having looked for a "more aspirational" target of 15% or more over the medium term.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Whirlpool (WHR) is dropping after the household appliance manufacturer cut its revenue forecast for the full year, missing the average analyst estimate.
- Shake Shack (SHAK) is sliding after the burger chain reported adjusted Ebitda and revenue for the first quarter that missed the average analyst estimate, which the company blamed on “significant weather impacts.” The stock had been up 19% YTD through Wednesday’s close.
- Beyond Meat (BYND) is also moving lower after reporting net Q2 revenue that missed estimates.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- DoorDash (DASH) is gaining in the premarket after the company gave a forecast for order value in the current period that topped analyst estimates, signaling healthy consumer demand for its services.
- Arm Holdings (ARM) is lower after the chip company reported weak fourth-quarter royalty revenue, hurt by sluggishness in the smartphone industry. Daiwa’s analyst notes that there was weaker demand for lower-end phones due to the higher memory cost.
- Whirlpool (WHR) is also dropping after the household appliance manufacturer cut its revenue forecast for the full year, missing the average analyst estimate.
- Krispy Kreme (DNUT) is a tick higher in the premarket after it reported earnings that were broadly in line with estimates and tightened its debt reduction target, signaling its recovery plan is gaining traction.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shell said its profit surged in the first quarter as the Iran war drove oil and gas prices higher and the conflict caused a increase in volatility that boosted its big trading business. However, the oil major cut its quarterly share buyback to $3 billion from $3.5 billion.
- The CEO of Moller-Maersk said the oil shock caused by the Iran war will significantly raise costs this quarter and next, which the world’s No. 2 container carrier will seek to fully pass on to customers.
- Silex Microsystems surged in its first day of trading on Nasdaq Stockholm after an initial public offering that raised about 2 billion Swedish kronor ($220 million) for the specialist microchip-maker and its Chinese shareholder Sai MicroElectronics Inc.

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