Stock Movers

- Uber (UBER) shares are higher on an earnings beat and after it announced $20 billion in new stock buybacks after sharing a better-than-expected third-quarter forecast and quarterly results. Gross bookings will range from $48.25 billion to $49.75 billion for the three months ending September, according to Uber. Adjusted earnings before interest, taxes, depreciation and amortization for the second-quarter were a record $2.12 billion, ahead of the $2.09 billion that analysts had forecast.-

- Disney (DIS) shares are lower despite an earnings beat. Disney raised its adjusted earnings per share guidance for the full year to $5.85 from $5.75 beating the average analyst estimate. The California-based entertainment giant also boosted its experiences operating income growth for fiscal 2025, a segment that includes the company’s cruises and theme parks offerings. However, revenue from conventional TV networks and sports programming fell short of Wall Street’s expectations.

- Advanced Micro Devices (AMD) shares are lower after the company was unable to give a clear outlook for resuming sales in China. Chief Executive Officer Lisa Su said "As our licenses are still under review, we are not including any MI308 revenue in our third-quarter guidance" on a conference call with analysts.

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- Beiersdorf shares fell as much as 10% to their lowest level since November 2022, after the maker of personal care products reported weaker organic growth than expected and cut its full-year guidance, as a slowdown in the global skincare market hurt the Nivea brand. Analysts said the outlook cut was somewhat expected, but the magnitude is pressuring shares.
- Hiscox shares rose as much as 15% to the highest since November 2019 after the insurance company reported first-half pretax profit that beat the average analyst estimate. Citi noted positives from the unexpected buyback increase and commentary on the outlook.
- Glencore shares fell as much as 4.7% in London, to its lowest intraday level since July 1 after the miner reported adjusted Ebitda for the first half that missed the average analyst estimate. The miner also scrapped plans to move its primary listing away from London as the company looks to revive a share price that’s been weighed down by slumping coal prices and falling production.

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- Super Micro (SMCI) shares dropped after lowering its fiscal year sales forecast, suggesting the company continues to face uneven uptake of powerful AI servers amid a shift to products based on new Nvidia Corp. chips. The company said Tuesday that revenue in the year ending in June 2026 will be at least $33 billion. In February, Super Micro offered a bullish long-term outlook because of demand for AI products, saying sales will be $40 billion — then almost twice as much as analysts’ estimates for the current fiscal year.

- Rivian (RIVN) forecast a larger adjusted loss this year than the electric vehicle maker expected previously, citing recent changes to stringent fuel economy rules in the US that threaten a key source of revenue. The adjusted loss before interest, taxes, depreciation and amortization this year will be $2 billion to $2.25 billion, the company said Tuesday. It had previously forecast a loss of no more than $1.9 billion by that measure, while Wall Street analysts had expected about $1.8 billion on average. Shares slid in the aftermarket.

- Axon (AXON) shares soared in trading today and hit a record intraday high after the maker of Tasers and other public safety equipment reported second-quarter earnings per share that topped expectations. Analysts also noted strong bookings for the company’s AI plan.

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- Vertex Pharmaceuticals Inc. (VRTX) shares fell after an experimental pain drug failed to provide post-surgery benefits and US regulators said they didn’t see a path forward for broad use of its pill in treating a chronic pain condition. Vertex has been trying to diversify beyond its core business of cystic fibrosis treatments. A key part of has been its new non-opioid pain drug, Journavx, which got US regulatory clearance in January. It was the first new type of painkiller to reach the US market in more than two decades. Shares of Vertex fell as much as 18% on Tuesday, marking their biggest drop in five years and erasing the stock’s year-to-date gain.

- Hims & Hers Health Inc.’s (HIMS) shares dropped in early trading Tuesday after the telehealth company missed second-quarter revenue estimates. The San Francisco-based company recorded sales of $545 million for the three months ended June 30, according to a statement, below Wall Street’s average estimate of $552 million. Hims reaffirmed its full-year revenue guidance of $2.3 billion to $2.4 billion. The company’s shares fell as much as 14% in early trading in New York Tuesday. The stock had risen more than 160% this year through Monday’s close.

- Molson Coors (TAP) shares are up at the moment. The company did lower its full-year guidance for the second quarter in a row, citing continued pressure from a weak consumer, falling US market share and rising costs tied to aluminum tariffs. Executives on a call with investors pointed to sagging consumer confidence as the primary drag on demand, saying that sentiment declined in late January and hasn’t recovered. Company executives also said the economic slowdown has hit Hispanic and lower-income consumers the hardest. “We do see the Hispanic consumer is disproportionately impacted by the overall macro environment,” Chief Executive Officer Gavin Hattersley said. Those shoppers bought beer less often in the quarter and spent less when they did, with more of them picking up single cans instead of full packs.

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On this episode of Stock Movers:
- Palantir (PLTR) shares rise after the company reported a 48% increase in revenue, citing the “astonishing impact” of AI. US government revenue climbed 53% while revenue from commercial contracts rose 93% for the year.
- Coinbase (COIN) shares fall. Coinbase Global Inc. is marketing a two-tranche $2 billion convertible bond offering with a 0% coupon due in 2029 and 2032, according to people familiar with the matter.
- Hims & Hers (HIMS) shares drop after the company reported revenue for the second quarter that missed the average analyst estimate.

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On this episode of Stock Movers:
- Palantir (PLTR) shares rise after the company reported a 48% increase in revenue, citing the “astonishing impact” of AI. US government revenue climbed 53% while revenue from commercial contracts rose 93% for the year.
- Caterpillar (CAT) shares fall after the company missed on EPS results as tariffs are biting into profitability. The company projected a net impact from incremental tariffs of around $1.3 billion to $1.5 billion for the full year. - Hims & Hers (HIMS) shares drop after the company reported revenue for the second quarter that missed the average analyst estimate.
- Vertex (VRTX) shares plunge after its' experimental pain drug failed to benefit patients after surgery. US regulators said they didn’t see a path forward for broad use of its pill in treating a type of chronic pain.

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On this episode of Stock Movers:
- Palantir Technologies (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business. The data software company also raised its revenue outlook for the full year to a range of $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.
- Pfizer (PFE) raised its profit forecast for the year as the drugmaker’s ongoing cost cuts helped make up for a lack of sales growth. Adjusted profits will be between $2.90 to $3.10 per share in 2025, the New York-based company said in a statement Tuesday. Pfizer had previously expected adjusted earnings of $2.80 to $3 per share. The company maintained its revenue projections of between $61 billion and $64 billion for the year.
- Yum! Brands (YUM) sales rose less than expected in the latest quarter after growth at Taco Bell and KFC was weaker than anticipated.Sales at established restaurants rose 2% from a year ago, the company said Tuesday, slightly below the average of analyst estimates. Slower growth at Taco Bell, which has helped power the company’s results in recent quarters with buzzy offerings and low prices, contributed to the miss.

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On this episode of Stock Movers:

- Palantir Technologies (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business. The data software company also raised its revenue outlook for the full year to a range of $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.

- Pfizer (PFE) raised its profit forecast for the year as the drugmaker’s ongoing cost cuts helped make up for a lack of sales growth. Adjusted profits will be between $2.90 to $3.10 per share in 2025, the New York-based company said in a statement Tuesday. Pfizer had previously expected adjusted earnings of $2.80 to $3 per share. The company maintained its revenue projections of between $61 billion and $64 billion for the year.

- Caterpillar (CAT) shares fall 4.1% premarket after the industrial giant reported adjusted earnings per share for the second quarter that missed the average analyst estimate.

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- DHL gained as much 6.7%, the most since April, after the logistics giant posted a strong second-quarter earnings beat against somewhat muted expectations, with analysts citing its cost control as a key positive and reason for the beat.

- Continental shares were down as much as 2.8% after the German firm reported adjusted Ebit for the second quarter that missed the average analyst estimate, with brokers citing tariff and FX-led tire division weakness. Still, analysts noted margin improvement in the autos segment to be spun off in September. 

- BP stocks were up as much as 2.8% after the oil major reported adjusted net income for the second quarter that beat the average analyst estimate. The company also announced it will buy back $750 million of shares.

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On this episode of Stock Movers:

- Palantir (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial technology on its business.The data software company also raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.The shares gained in extended trading after closing at $160.66 in New York. Denver-based Palantir has seen its stock price surge more than 500% over the past year — buoyed by high expectations from investors, growth in demand for AI tools and a deep reach into both the private and public sectors.

- Spotify (SPOT) shares rose after the company announced it’s raising premium subscription prices across many markets outside the US. The Swedish music streaming company is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region, according to a statement on Monday. Over the next month, customers will receive an email outlining the new price plan. Subscription prices vary by country, but the statement included a sample email describing a price increase of €1 per month to €11.99 ($13.87).

- Tyson (TSN)'s top boss said a long-awaited push to rebuild the US cattle herd will begin “in earnest” next year — though the meat producer doesn’t expect to benefit before 2028. Signs that ranchers are starting to retain heifers for breeding are setting a stronger outlook for Tyson’s money-losing beef business, even as it will take another couple of years for the move to translate into increased supplies of slaughter-weight animals, Chief Executive Officer Donnie King said on Monday. Rebuilding the US herd is essential for beef producers. For years, ranchers have slashed herd sizes due to high interest rates, expensive feed and persistent drought. That has created the worst shortage in decades, pushing cattle prices to record highs and squeezing profits as processors struggle to pass on higher costs to consumers. Shares rose during trading today.

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