Stock Movers

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Griefeld, Scarlet Fu, Carol Massar and Jess Menton.

On this episode of Stock Movers:
- The Trump administration is considering selling shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) in an offering that could start as early as this year, according to senior administration officials. The plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock with an offering expected to raise about $30 billion. No final decision has been made and President Donald Trump is still weighing his options, one official said. The Wall Street Journal earlier reported the news. Shares of both Fannie Mae and Freddie Mac surged as much as 22% in Friday trading, the most in more than two months.
- Gilead Sciences (GILD) lifted its full-year outlook after strong HIV drug sales in the second quarter helped revenue and earnings modestly beat analyst expectations. The company now expects profit excluding some items will be as much as $8.25 a share this year, up from a prior forecast of as much as $8.10. The drugmaker also raised its guidance for annual product sales by about $100 million.

- Under Armour (UAA) plummeted after forecasting worse-than-expected sales and profit for the current quarter, stalling a turnaround plan that was taking hold. The Baltimore, Maryland-based brand said revenue for its second quarter is expected to fall between 6% and 7%. Analysts on average projected a drop of almost 3%. Shares of the athletic-wear brand company dropped as much as 21% in New York. So far this year, the stock had declined almost 20% as of the close on Thursday.

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On this episode of Stock Movers:

- Trade Desk (TTD) analysts are bailing on the one-time market favorite amid growing fears that its advertising technology will get steamrolled by Amazon.com Inc.’s offerings. At least four firms downgraded the stock in the wake of its results and forecast, which crystallized concerns over its growth prospects in a future where Amazon is a more pronounced player.

- Sweetgreen (SG) is lower after it slashed its sales guidance after a second straight quarter of disappointing results, highlighting the salad chain’s struggles to sell $15 salads to budget-strained diners. CEO Jonathan Neman said the quarter’s performance reflected macroeconomic challenges and subdued trends in the industry, particularly in several of the company’s biggest urban markets. Sweetgreen is also discontinuing its ripple fries, Neman said, citing the complexity the menu item added to kitchens

- Heartflow (HTFL) shares surged 66% after the artificial intelligence software platform focused on heart disease raised $317 million in its initial public offering. Shares of the Mountain View, California-based company traded at $31.49 each on Friday as of 1:01 p.m. in New York, versus an IPO price of $19 apiece. The offering of 16.67 million shares by the company priced above range, after the stock was marketed for $17 to $18 each. The trading gives Heartflow a market value of about $2.6 billion based on the outstanding shares listed in its filings.

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On this episode of Stock Movers:
- Block (XYZ) shares rise after the company beat estimates and raised its full-year profit guidance. JPMorgan said the quarter was “impressive.”
- Pinterest (PINS) shares slump after the search and discovery company reported adjusted second-quarter earnings that missed expectations.
- Trade Desk (TTD) shares drop after the advertising technology company reported second-quarter results that spurred multiple downgrades. Firms note growing concerns about competition from Amazon.

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On this episode of Stock Movers:
- Expedia (EXPE) are up after the online travel agency reported second-quarter results that beat expectations and raised its full-year forecast. Shares see likely resistance near $218 dating back to 2022’s previous record.
- Under Armour (UAA) is lower after forecasting worse-than-expected sales and profit for the current quarter, stalling a turnaround plan that was taking hold. The Baltimore, Maryland-based brand said revenue for its second quarter is expected to fall between 6% and 7%. Analysts on average projected a drop of almost 3%. So far this year, the stock had declined almost 20% as of the close on Thursday.
- Pinterest (PINS) slumped in premarket trading after the search and discovery company reported adjusted second-quarter earnings that missed expectations. It also gave an Ebitda outlook in the range of $282 million to $302 million, compared with the consensus analyst estimate of $292.4 million. Bloomberg Intelligence highlighted ad-pricing weakness as a headwind to growth.
- Sweetgreen (SG) is lower after it slashed its sales guidance after a second straight quarter of disappointing results, highlighting the salad chain’s struggles to sell $15 salads to budget-strained diners. CEO Jonathan Neman said the quarter’s performance reflected macroeconomic challenges and subdued trends in the industry, particularly in several of the company’s biggest urban markets. Sweetgreen is also discontinuing its ripple fries, Neman said, citing the complexity the menu item added to kitchens.

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On this episode of Stock Movers:
- Lockheed Martin (LMT) shares are higher with defense stocks potentially taking a hit from tariff clarity. India is reconsidering US weapons purchases. It comes as Swiss politicians are seeking to cancel an order of F-35A fighter jets from Lockheed Martin Corp after President Donald Trump imposed a 39% tariff rate on the country. The moves are in response to US tariff policy.
- Monster Beverage (MNST) is the biggest volume mover in the premarket and is trading higher as sales surpassed expectations as more people consumed energy drinks. “Increased household penetration and per capita consumption of energy drinks remain positive trends for the category,” said Hilton Schlosberg, Monster’s Chief Executive Officer in a statement Thursday.
- Gilead Sciences (GILD) shares are higher after it lifted its full-year outlook after strong HIV drug sales in the second quarter helped revenue and earnings modestly beat analyst expectations. Gilead’s HIV franchise continues to be a source of steady growth, with the HIV pill Biktarvy accounting for about half of the company’s revenue in the second quarter, and sales of the drug rose 9% to $3.53 billion.

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On this episode of Stock Movers:
- Munich Re shares dropped as much as 6.9%, the most since April, after the firm cut its insurance revenue guidance for the full year, missing the average analyst estimate.
- Kingspan dropped as much as 6.2% following its results. The building materials company forecast trading profit for the full year of about EU950 million, below estimates of EU983.8 million.
- Novo Nordisk advanced as much as 4.6% after Intron Health upgraded its rating to hold from sell. The research firm sees the narrative probably being dominated by the potential upside for the Danish drugmaker following peer Eli Lilly’s disappointing data for its new weight-loss pill.

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On this edition of Stock Movers:

- Live Nation (LYV) shares dipped in after hours trading. This comes after the Ticketmaster parent reported second quarter earnings beating Wall Street estimates, driven by strong demand for concerts. However, there is concern for consumer demand. Competitor Vivid Seats (SEAT) also reported earnings and provided a weak outlook for the US consumer.

- Ralph Lauren (RL) shares dropped today after the company reported another quarter of robust growth, but cautioned it wasn’t sure how US consumers would respond to tariffs and price hikes in the second half of the year. “This quarter’s solid performance and our continued momentum give us confidence to raise our full-year outlook even as we remain cautious on the broader macro economic backdrop, primarily in the second half of the fiscal year,” Ralph Lauren Chief Financial Officer Justin Picicci told analysts during an earnings call. Shares fell as much as 7.9%, reversing gains in premarket trading. The stock had surged 31% this year through Wednesday’s close, topping the 7.9% gain for the S&P 500.

- Crocs (CROX) shares slid as much as 29%, the most intraday since March 2020, after the footwear maker projected worse-than-expected sales and profit pressure for its third quarter. A full-year outlook was not provided, with management citing “continued uncertainty from evolving global trade policy and related pressures around the consumer.”

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Griefeld, Carol Massar and Norah Mulinda.

On this episode of Stock Movers, earnings after the bell from the following companies:
Expedia (EXPE)
Akimai (AKAM)
Trade Desk (TTD)
Tripadvisor (TRIP)
Block (XYZ)
RealReal (REAL)
flutter (FLUT)
Live Nation (LYV)
GoDaddy (GDDY)
Instacart (CART)

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On this episode of Stock Movers: 

- Paycom (PAYC) reported second-quarter results that beat expectations and raised its full-year forecast. Analysts also see potential from an AI product. Our Bloomberg Intelligence team sees the results as positive, “the company appears to be on pace to meet customer-count estimates,” and “the launch of AI-driven IWant, which requires full suite access, could drive sales by encouraging wider product adoption across all modules”

- Fortinet (FTNT) shares tumbled as much as 26% on Thursday, in biggest intraday fall since August 2023, after the software company gave an update to its firewall refresh cycle. At least five analysts downgraded their rating on the stock saying the product refresh cycle is now looking like a “much smaller catalyst than expected. Bloomberg Intelligence analyst Mandeep Singh says, “Fortinet is unlikely to see any big lift from its product refresh cycle amid expectations of muted services gains through 2H”

- Eli Lilly (LLY) tumbled as disappointing data on its new weight-loss pill overshadowed strong growth from the company’s current obesity medicine, which helped drive it to raise its yearly profit and sales outlook. Lilly’s results from an obesity pill study, a drug key to unlocking billions of dollars of growth, didn’t perform as well as Wall Street expected. It resulted in lower weight loss and higher rates of nausea and vomiting than anticipated, side effects associated with so-called GLP-1 drugs. The data was a boon for rival Novo Nordisk. Lilly fell more than 10% when markets opened in New York on Thursday. Novo rose as much as 14.3% in Copenhagen, the most in almost four months.

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On this episode of Stock Movers:
- Airbnb (ABNB) shares drop after the company warned that growth rates may not keep up later this year due to tough year-ago comparisons. Airbnb’s outlook, combined with a lukewarm forecast issued by online travel peer Booking Holdings Inc., underscored how broader economic uncertainty is weighing on travel demand.
- DoorDash (DASH) shares gain after the company reported second-quarter results that beat expectations and gave a positive forecast for Marketplace gross order value. The company attributed its better-than-expected second-quarter results to a growing number of active customers and increased engagement, with "high levels of consumer engagement in the US" evident across many metrics.
- Duolingo (DUOL) shares soar after the the language-learning software company reported second-quarter results that beat expectations on key metrics and raised its full-year forecast. The company cited better-than-expected performance of its subscription tiers over the second quarter.

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