Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- BP rebounded this morning on higher oil prices as optimism over the US-Iran ceasefire wanes.
- Austria-based Raiffeisen Bank offered to buy Addiko Bank in a deal that values the consumer-lending Balkans specialist at €450 million.
- Abivax shares rise as much as 3.8% after Oddo BHF lifted its price target on the French biotech company, saying Crohn’s disease could represent a bigger commercial opportunity than ulcerative colitis.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- BP shares are up this morning on higher oil prices as optimism over the US-Iran ceasefire faded.
_ easyJet dropped at the open, paring yesterday's gains amid ongoing concerns over jet fuel shortages.
- LVMH fell ahead of reporting Q1 earnings next week, following its worst start to the year on record.

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On this episode of Stock Movers:
-Crocs (CROX) is up 6.6% after Williams Trading analyst Sam Poser upgraded his rating on the plastic footwear maker to buy from hold, citing better-than-expected trends.

-Levi Strauss (LEVI) gains 13% after the apparel company boosted its adjusted earnings-per-share and revenue forecasts for the full year. The denim company also reported first-quarter earnings and sales that topped estimates.

-Vital Farms (VITL) falls 6.3% after TD Cowen cut the recommendation on the food producer to hold from buy, and slashed the price target to a Street low.

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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.

- Meta Platforms (META) shares closed 6.5% higher on Wednesday after the company introduced Muse Spark, a new multimodal reasoning model and the first in its Muse family, as the company steps up efforts to build what it calls "personal superintelligence."

- Levi Strauss (LEVI) shares closed 10.65% higher, and soared as much as 16% in the intraday, after the apparel company boosted its adjusted earnings-per-share and revenue forecasts for the full year. The denim company also reported first-quarter earnings and sales that topped estimates.

- Exxon Mobil (XOM) shares dropped. Exxon Mobil said it lost 6% of its global production in the first quarter due to the Iran war. The company said two LNG production lines at a facility in Qatar were damaged by Iranian missile strikes and the damage will take a prolonged period to repair.

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On this episode of Stock Movers:
- Meta Platforms (META) shares were up more than 7% on Wednesday after the company introduced Muse Spark, a new multimodal reasoning model and the first in its Muse family, as the company steps up efforts to build what it calls "personal superintelligence."

- Levi Strauss shares soar as much as 16%, the most intraday since April 9 of last year, after the apparel company boosted its adjusted earnings-per-share and revenue forecasts for the full year. The denim company also reported first-quarter earnings and sales that topped estimates.

- Galloway Capital Partners sent a letter to Chegg’s (CHGG) board, arguing that its share price is undervalued while calling on management to take steps to improve capital markets communication and investor awareness. Chegg shares jumped 16%.

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On this episode of Stock Movers:

- Carnival (CCL) shares surge after oil prices dropped. This comes after the US and Iran agreed to a two-week ceasefire and Tehran pledged to reopen the Strait of Hormuz, with President Donald Trump vowing to pursue talks rather than escalate the war.

- Delta Airlines (DAL) shares are up on positive earnings. Delta Air Lines Inc. said it expects to incur more than $2 billion in higher fuel costs through June because of the Iran war. Delta Chief Executive Officer Ed Bastian said the company is "looking to do more" fare increases and will make "some meaningful capacity reductions" of about 3.5%.

- Exxon (XOM) shares drop. Exxon Mobil said it lost 6% of its global production in the first quarter due to the Iran war. The company said two LNG production lines at a facility in Qatar were damaged by Iranian missile strikes and the damage will take a prolonged period to repair.

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On this episode of Stock Movers:

- Levi Strauss (LEVI) shares jump after the company raised its projections for the year after reporting better-than-expected quarterly results, citing strong demand in all regions. The company's revenue and earnings per share exceeded expectations, with revenue of $1.7 billion in the fiscal quarter ended March 1.

- Delta Airlines (DAL) shares are up on positive earnings. Delta Air Lines Inc. said it expects to incur more than $2 billion in higher fuel costs through June because of the Iran war. Delta Chief Executive Officer Ed Bastian said the company is "looking to do more" fare increases and will make "some meaningful capacity reductions" of about 3.5%.

- Venture Global (VG) shares drop. Energy stocks are falling and airline stocks are rising after US and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz.

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On this episode of Stock Movers:

- Delta Air (DAL) shares extended their climb to as much as 14% in premarket trading, after the carrier posted adjusted profit and revenue for the first quarter that topped the average analyst estimate. Though the airline omitted full year guidance, its forecast for the current quarter is viewed as strong by analysts considering higher fuel-cost assumptions.

- Levi Strauss & Co. (LEVI) raised its projections for the year after reporting better-than-expected quarterly results, citing strong demand in all regions as the denim brand steers shoppers to its own stores and website. 

- Exxon Mobil (XOM) lost 6% of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf.
Half those outages were from a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said Wednesday. Two LNG production lines, or trains, at the facility were damaged by Iranian missile strikes.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Delta Air Lines (DAL) expects to incur more than $2 billion in higher fuel costs through June because of the Iran war, prompting the carrier to tread carefully and stick to its previous full-year profit forecast.“We’re not updating it in light of the uncertainty, so I think it’d be imprudent to make any estimate at this point,” Delta Chief Executive Officer Ed Bastian said.
- Exxon Mobil (XOM) said 6% of its global first-quarter production was knocked out as the Iran war paralyzed much of the Persian Gulf energy industry. Half of those outages were concentrated at a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said on Wednesday. Two LNG production lines, or trains, were damaged.
- Carnival Corp. rose 9.7% in trading before regular market hours.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

- Ryanair rose 11%, the most in five years, as airlines climb on news of a ceasefire between the US and Iran.
- Shell said its first-quarter results were boosted by its oil trading operation, even as the company’s Middle East assets were battered by the Iran conflict. Oil plunged below $100 a barrel on Wednesday after the US and Iran agreed to a two-week ceasefire, but prices remain up by more than 50% this year.
- Close Brothers shares surge as much as 23%, the most since August, after the lender said the estimated cost of the FCA’s motor finance redress proposal is broadly similar to its existing provision.

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