Stock Movers

On this episode of Stock Movers:

Lululemon (LULU) shares fell the most in more than seven months after naming a Nike veteran as chief executive officer, underscoring investor skepticism that the yogawear brand can recapture the growth of past years. 

ServiceNow (NOW) shares plunged after the company reported results that disappointed investors and said some sales deals have been delayed by the war in the Middle East.

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On this episode of Stock Movers:

Keurig Dr Pepper (KDP) shares slightly higher after the company’s quarterly revenue and earnings beat expectations due to strong sales of cold beverages and in international markets.

Southwest Air (LUV) shares dip after the carrier’s adjusted quarterly profit and revenue missed the average analyst expectations. Its report, coming shortly after United Airlines slashed its full-year profit forecast, shows the impact on global carriers from higher fuel prices caused by the Middle East war.

Texas Instruments (TXN) shares soars after the chipmaker gave a surprisingly strong forecast, helped by booming spending on data centers and industrial equipment.

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

On this episode of Stock Movers:

- American Airlines (AAL) is higher after it lowered its full-year earnings target, saying it may end 2026 with a loss as the carrier absorbs $4 billion in additional fuel costs from the war in Iran.

- L'Oreal (LRLCY) shares surged after sales climbed as customers snapped up its Kérastase shampoos and La Roche-Posay skin creams, suggesting a rebound is taking hold.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Netflix (NFLX) shares are up in the premarket on plans to buy back another $25 billion in stock after a disappointing financial outlook sent shares of the streaming pioneer plunging.
- Honeywell (HON) shares are lower as it reported first-quarter sales that missed analysts’ estimates, while agreeing to sell its Warehouse and Workflow Solutions business for an undisclosed sum.
- Lockheed Matin (LMT) shares are lower after the military contractor reported net sales for the first quarter that missed the average analyst estimate. The company maintained full-year profit and revenue guidance.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- L’Oréal shares surged after sales climbed as customers snapped up its Kérastase shampoos and La Roche-Posay skin creams, suggesting a rebound is taking hold.
- WH Smith slumps as much as 17% after the travel retailer cut full-year profit guidance, citing weaker passenger numbers linked to the Middle East conflict, while also suspending dividends to aid deleveraging. Shares are approaching 14-year lows, with the moves weighing on peers SSP and Avolta.
-  Apollo  is nearing a deal to acquire the auto interiors business of Forvia people familiar with the matter said. The private equity firm is putting the final touches on an acquisition that could value the asset at about €1.4 billion ($1.6 billion), according to the people.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- STMicro, a chip supplier for Tesla and Apple forecast revenue for the current quarter that beat analysts’ estimates as demand picked up following a prolonged slump.
- Heineken beer volumes fell 0.8% in the first quarter as demand declined in crucial markets including Europe and the Americas.
- L’Oréal shares surged after sales climbed as customers snapped up its Kérastase shampoos and La Roche-Posay skin creams, suggesting a rebound is taking hold.

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

On this episode of Stock Movers: 

- Tesla (TSLA) beat Wall Street’s profit expectations to start the year as the automaker said demand for its electric vehicles is rebounding around the globe, hinting at a possible recovery for its long-struggling automotive business. The shares rose 4% at 4:48 p.m. after the close of regular trading in New York. The stock has declined 21% from a record high in mid-December. 

- IBM (IBM) posted quarterly sales in its software unit that were in line with estimates, failing to shake investor concerns about AI disruption to its business. Software revenue increased 11% to $7.05 billion in the period ended March 31, the company said Wednesday in a statement. Total revenue increased 9% to $15.9 billion compared with analysts’ average estimate of $15.7 billion. The shares declined about 6% in extended trading after closing at $251.86 in New York. The stock has slipped 15% this year. 

- Texas Instruments (TXN) the biggest producer of analog chips, gave a surprisingly strong forecast for the current period, helped by booming spending on data centers. Revenue will be $5 billion to $5.4 billion in the second quarter, the company said in a statement Wednesday. Analysts had estimated $4.85 billion on average, according to data compiled by Bloomberg. Profit will be $1.77 to $2.05 a share, compared with a projection of $1.57.

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

On this episode of Stock Movers: 

- GE Vernova (GEV) one of the world’s only makers of big natural-gas turbines, soared the most in intraday trading since mid-December after its electrification unit sold more grid equipment, including substations and transformers, to data center customers in the first quarter than all of last year. GE Vernova said in its earnings statement that first-quarter orders for electrification equipment to hyperscalers and data center developers rose to $2.4 billion, more than all of last year. The company’s stock rose as much as 15.2% on Wednesday.

- Cannabis-linked stocks like those in the Amplify Alternative Harvest ETF (MJ) rallied on reports from Axios that President Donald Trump is expected to move to reclassify marijuana soon. 

- United Airlines (UAL) Chief Executive Officer Scott Kirby sidestepped questions about a potential merger with American Airlines Group Inc. while acknowledging that the current climate of high costs and struggling rivals might offer opportunities for deals. Kirby said in an interview with Bloomberg TV’s Lisa Abramowicz that his goal is to “create a truly global airline that all US citizens can be proud of,” though he declined to say if a transformational deal would be part of that plan. At the same time, he revealed that he’s considered some possibilities. United shares fell by about 6% in trading on Wednesday.

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On this episode of Stock Movers:

• Boeing (BA) shares raises after the company reported lower-than-expected cash outflow of $1.45 billion as it delivered the most aircraft in the first quarter since 2019.
• GE Vernova (GEV) shares surges after the company reported revenue for the first quarter that beat the average analyst estimate. 
• Capital One (COF) shares slightly higher after the company reported a first-quarter profit that missed Wall Street estimates and set aside more cash to cover soured loans.

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On this episode of Stock Movers:

• United Airlines (UAL) shares falls after the company slashed its full-year profit forecast as higher fuel prices caused by war in the Middle East batter global carriers.
• Deutsche Telekom AG (DTE GY) shares down after the company said its  considering a full combination with its American arm T-Mobile US Inc., a move that would create a multinational telecom group and rank as the largest-ever public M&A deal.
• Best Buy (BBY) shares sinks after the company Jason Bonfig, the company’s chief customer, product and fulfillment officer, to succeed Corie Barry as chief executive officer.

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