Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- FedEx (FDX) raised its full-year profit forecast, signaling that the courier’s plan to restructure its delivery network is gaining traction despite geopolitical conflict and economic volatility.
- The US charged a Super Micro Computer (SMCI) co-founder with illegally diverting billions of dollars in Nvidia Corp.-powered servers to China, initiating its highest-profile case against alleged smuggling of restricted AI technology to the Asian country. Super Micro’s shares plummeted more than 20% in pre-market trading. US prosecutors charged Yih-Shyan “Wally” Liaw in a scheme to send US-assembled servers containing Nvidia’s cutting-edge chips to China in violation of US export controls. Liaw and two others associated with the company allegedly sold the AI tech through a Southeast Asia company knowing it would be sent on to China.
- Unilever (ULVR LN) is in talks to sell its food business to McCormick & Co., in what would be the biggest overhaul of the owner of Hellmann’s mayonnaise since it was founded almost a century ago.The Anglo-Dutch consumer goods company said Friday it had received an offer from the Maryland-based spices and seasonings maker, but that there was no certainty a deal would be achieved.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- EasyJet rises as much a 3.3% despite jet fuel price rises. Kasparas Subacius, head of fixed income at Artea Asset Management, airlines including Ryanair EasyJet Plc and Wizz Air and Easyjet have hedged 60% to 80% of fuel costs.
- BP shares dip the most since March 10th as the price of oil drops from its highest closing position in more than three and a half years.
- Spire Healthcare jumps as much as 11% after Sky News reported buyout firm Bridgepoint is drawing up proposals for a formal offer worth £1b for the UK operator of private hospitals, without specifying where it learned the information.Tiwa Adebayo

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

On this episode of Stock Movers:

- FedEx (FDX) boosted its adjusted earnings per share guidance for the full year; the guidance beat the average analyst estimate.

-Five Below (FIVE) shares gain 8.4% in premarket trading after the retailer forecast net sales for the first quarter that beat the average analyst estimate. Analysts are positive about the company’s execution and note strong sales momentum.

-Gold miner Newmont (NEM) was the S&P 500's worst performer ahead of the opening bell, tumbling 5.4%. It came as bullion extended a dismal recent run, tumbling after Federal Reserve Chairman Jerome Powell signaled that the central bank wasn't prepared to look past the risk of the war in Iran triggering a flare-up in inflation.

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

On this episode of Stock Movers:

- Fannie Mae (FNMA) and Freddie Mac (FMCC) shares are down about 70% in the last six months and have plunged to their lowest level in more than a year as investors cast doubt on the Trump administration’s efforts to sell more stock in the mortgage-finance giants to the public.

- Micron (MU) stocks fell after the chipmaker gave a forecast for capital spending that was higher than expected, the latest example of investors being wary of elevated spending. Analysts note that there might be increased concern among investors about the ability of memory chipmakers to maintain their outsized margins.

- Darden (DRI) shares have fluctuated as investors grapple with the restaurant chain operator’s mixed third-quarter earnings report. Total company same-store sales beat expectations, but Olive Garden, Darden’s biggest revenue contributor, fell short. Darden operating income also missed due to restaurant margin pressures.

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

On this episode of Stock Movers:

- Micron Technology (MU) warned that it will need to spend heavily on production to meet burgeoning demand, overshadowing a generally upbeat forecast from the largest US maker of computer memory chips.

- Uber Technologies (UBER) plans to invest as much as $1.25 billion in carmaker Rivian Automotive (RIVN) to help launch a robotaxi fleet that will be available in the US, Canada and Europe over the next five years.

- FedEx (FDX) is expected to report profits that beat expectations as the company restructures its delivery network, cuts costs and pursues higher-value business. The optimistic outlook comes after the company hosted an Investor Day last month, where it said it expected third-quarter earnings would be above consensus. 

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

On this episode of Stock Movers:

- Micron Technology (MU) shares fall aafter the chipmaker gave a forecast for capital spending that was higher than expected, the latest example of investors being wary of elevated spending. Analysts note that there might be increased concern among investors about the ability of memory chipmakers to maintain their outsized margins. 

- Five Below (FIVE) shares gain after the retailer forecast net sales for the first quarter that beat the average analyst estimate. Analysts are positive about the company’s execution and note strong sales momentum.

- Mining stocks fell, while energy and chemicals stocks rose in US premarket trading as oil prices gained as much as 11% on Thursday as attacks on energy facilities escalated in the Middle East war.

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

On this episode of Stock Movers:

- Mining stocks fell, while energy and chemicals stocks rose in US premarket trading as oil prices gained as much as 11% on Thursday as attacks on energy facilities escalated in the Middle East war.

- Five Below (FIVE) shares gain after the retailer forecast net sales for the first quarter that beat the average analyst estimate. Analysts are positive about the company’s execution and note strong sales momentum.

- Micron Technology (MU) shares fall aafter the chipmaker gave a forecast for capital spending that was higher than expected, the latest example of investors being wary of elevated spending. Analysts note that there might be increased concern among investors about the ability of memory chipmakers to maintain their outsized margins. 

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Samsung Electronics Co. plans to spend more than 110 trillion won ($73.3 billion) on chip capacity expansion and research this year, devoting a record amount of capital toward an effort to seize the lead in AI semiconductors.
- Elliott Investment Management has built a significant stake in Align Technology Inc., the maker of Invisalign teeth-straightening products, according to people familiar with the matter.
- Rocket Lab jumped after the space company announced a $190 million contract to perform 20 hypersonic test flights with its HASTE launch vehicle over a four-year period for the US Department of War’s MACH-TB 2.0 program.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Equinor says the two new business areas, which will replace the existing Marketing, Midstream and Processing unit, aim to “better capture market opportunities and increase long-term value creation as a reliable provider of energy.”
- European stocks are falling in early trading, led by more cyclical sectors as the latest spike in oil and gas prices weighs on risk sentiment. All sectors are in the red, even energy, with silver and gold miner Fresnillo down over 5%
- Lanxess unveiled a new cost-cutting program, including staff reductions, targeting about €100 million in annual savings by the end of 2028, after reporting adjusted Ebitda that fell 36% from a year earlier.

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

On this episode of Stock Movers:

-Micron Technology (MU) shares are higher in extended trading, after the chipmaker reported second-quarter results that were much stronger than expected. It also gave a third-quarter forecast that was well above the analyst consensus.

-Constellation Brands (STZ) shares advance 1.8% in premarket trading on Wednesday after Citi raised the recommendation on the beverage company to buy from neutral, citing a beer topline acceleration and a valuation that’s below historical levels.

-CF Industries Holdings (CF) shares fall as much as 2.6% after their rating was cut at Mizuho Securities to underperform from neutral. The stock had rallied on expected growth in demand and prices as the Iran war and disruption to the Strait of Hormuz tightened fertilizer supply.

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