Stock Movers

On this episode of Stock Movers:
- Eli Lilly (LLY) shares are moving on news the company's diabetes drug Mounjaro was as good at preventing heart attacks and strokes as its older medicine Trulicity in a head-to-head study. According to Bloomberg Intelligence analyst Michael Shah, the study's results will "likely be received negatively by the market" because Mounjaro was not meaningfully better than Trulicity.
- AbbVie (ABBV) shares are getting a lift after AbbVie raised its full-year profit forecast due to booming sales from newer immunology drugs that beat Wall Street's estimates. The company's quarterly sales were $15.42 billion, above the average analyst estimate of $15 billion, with adjusted earnings of $2.97 a share, a 12% increase.
- Warner Bros Discovery (WBD) shares are moving on news it is enacting a round of layoffs that will see jobs cut across its marketing, production strategy, operations and theatre ventures divisions. Roughly 10% of the studio’s workforce will be impacted, according to Variety.

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On this episode of Stock Movers:
- Microsoft (MSFT) shares are soaring in premarket after it reported better-than-expected growth in its cloud business, with its Azure cloud-computing unit posting a 39% rise in sales, handily beating the 34% analysts expected. Microsoft is set to become the second company to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street’s expectations.
- Meta (META) are higher this morning after Facebook’s parent company gave a strong revenue forecast and reported second-quarter results that beat analysts’ expectations. While it also raised its full-year forecast for capital expenditures, analysts said the company’s spending was justified by its growth.
- Ford (F) is lower after announcing an anticipated full-year net tariff impact of about $2 billion. Ford issued full-year guidance that is lower than its initial forecast over President Trump’s tariff policies. Analyst Tom Narayan said potential headwinds include the status of electric vehicle tax credits, softness in Europe, Ford’s warranty issue and liquidity.
- CVS (CVS) is getting a boost in the premarket after the company boosted its adjusted earnings-per-share guidance for the full year, following second-quarter results that also topped expectations.

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On this episode of Stock Movers:
- Societe Generale shares hit their highest since the financial crisis after the French bank said it would boost investor payouts while lifting its profitability guidance.
- Rolls-Royce shares rise as much as 12%, hitting a record high, after the aero engine maker increased guidance for the year by more than analysts expected. Strong margin performances in the civil aerospace and power systems divisions drew particular attention.
- AB InBev shares dropped the most in five years after the company sold less beer than expected during the second quarter, with a downturn in consumer spending in Brazil and China dragging on sales.

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On this edition of Stock Movers:

- Generac Holdings (GNRC) shares climbed as much as 9.7% to their highest intraday level since December, after the power-equipment company boosted the lower end of its adjusted Ebitda margin for the full year, following second-quarter results that topped expectations.

- Electronic Arts (EA) shares are up today after the video-game publisher reported first quarter net bookings that beat the average analyst estimate boosted by positive trends for its football franchise FC and shooter video game Apex Legends.

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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, Scarlet Fu, Carol Massar and Tim Stenovec.

- Microsoft (MSFT) reported better-than-expected growth in its cloud business, which it says brought in more than $75 billion in the past year, as the company continues to commercialize artificial intelligence services. The closely watched Azure cloud-computing unit posted a 39% rise in sales during Microsoft’s fiscal fourth quarter, the company said in a statement on Wednesday. Analysts projected 34% revenue growth. The company said sales at the cloud division grew 34% to more than $75 billion during the year ended in June, the first time the company has disclosed a revenue figure for Azure, which sells computing power and other services to businesses.Overall, sales rose 18% to $76.4 billion during the quarter. Net income was $3.65 a share. Analysts on average estimated $73.9 billion in revenue and per-share earnings of $3.37. Shares initially rose 7% afterhours on the news.

- Meta (META) topped projections for second-quarter sales and gave a stronger-than-expected forecast for the current period, a sign that the social media company’s advertising business is still growing quickly enough to support aggressive spending on artificial intelligence. Shares jumped as much as 10% in late trading. Third-quarter sales will be $47.5 billion to $50.5 billion, Meta said in a statement Wednesday, with the midpoint of that range exceeding the average analyst estimate of $46.2 billion, according to data compiled by Bloomberg. The social media giant, which owns Instagram and Facebook, reported second-quarter revenue of $47.5 billion. Meta lifted the low end of its forecast for 2025 capital expenditures as it continues to invest heavily in the talent, infrastructure, data centers and energy needed to compete in a fast-moving AI race. The company now expects to spend $66 billion to $72 billion this year. The projection was adjusted higher in April to account for ongoing trade disputes and AI investments. Meta stock was up 18.7% so far this year before Wednesday’s report.

- Ford (F) said profit will fall as much as 36% this year as President Donald Trump’s tariffs reduce earnings by about $2 billion, more than the automaker previously expected. Adjusted earnings before interest and taxes will be $6.5 billion to $7.5 billion, Ford said Wednesday, restoring guidance it had suspended in May over uncertainty surrounding Trump’s trade policies. That’s down from the $7 billion to $8.5 billion it initially forecast, and represents a sharp drop from last year’s earnings of $10.2 billion. The update highlights how even Ford, which manufactures the most cars in the US of any automaker, is being squeezed by new trade barriers imposed by the White House. Trump’s tariffs on imported vehicles, auto parts, steel and aluminum – as well as goods from key US trading partners – have ballooned costs for Ford and its rivals. Shares fell after the close of regular trading.

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On this episode of Stock Movers:
- MARA Holdings shares (MARA) rose after the Bitcoin miner reported second-quarter adjusted Ebitda that beat the average analyst estimate amid gains in the price of the world’s biggest cryptocurrency.
- Peloton Interactive shares (PTON) rose after UBS upgraded to buy from neutral citing upside to full-year 2026 Ebitda expectation supported by top-line growth and further cost cuts.
- Humana shares (HUM) rose after the health insurer boosted its adjusted profit and revenue forecast for the full year, with the new outlook topping the average analyst estimate.

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On this episode of Stock Movers:
- Wingstop (WING) shares rise after the restaurant operator reported adjusted earnings per share and revenue that beat the average analyst estimates. Wingstop also forecast total domestic stores comp sales growth for the full year of about +1%, above expectations.
- Starbucks (SBUX) shares rise. Shares rallied in New York trading Wednesday as investors focused on green shoots in the earnings release, including the first sales gain in China since the end of 2023. The stock has risen about 3% so far this year, lagging the S&P 500 Index.
- Palo Alto Networks (PANW) shares fell. Today, Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion.

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On this episode of Stock Movers:
- Palo Alto Networks (PANW) shares are lower as it agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion. The companies said the value implies a 26% premium to CyberArk shares on a volume weighted average over 10 days before the Wall Street Journal reported on the acquisition talks.
- Coinbase (COIN) shares are moving on news JPMorgan and Coinbase signed an agreement to directly link customers' bank accounts to their cryptocurrency wallets. The deal establishes a direct connection between Chase bank accounts and Coinbase crypto wallets, expected to go live next year, and allows customers to fund Coinbase accounts with their Chase credit cards.
- Microsoft (MSFT) shares are on the move ahead of earnings. Bloomberg Intelligence writes: Microsoft's critical software portfolio and AI sales "could offset weakness due to rising economic uncertainty in other business areas, such as non-AI cloud spending, advertising and seat growth in Office."

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On this episode of Stock Movers:
- Starbucks (SBUX) shares are higher this morning after the coffee chain reported net revenue for the third quarter that beat the average analyst estimate. The report also showed that comparable sales came in better-than-expected in China and North America, two of the company’s key markets.
- Mondelez (MDLZ) is under pressure this morning after it said unease around the economy drove a bigger-than-expected decline in North American sales in the second quarter. CEO Dirk Van de Put said customers are worried about their personal finances, employment outlook and inflation, and he doesn't expect a quick rebound in the US market.
- Hershey's (HSY) shares are lower after it lowered its full year profit guidance on much tariff costs than it had previously estimated. The company now sees full-year tariff costs to be $170 million to $180 million, up from its estimate of $15 million to $20 million in May, the company said in a statement Wednesday.
- Visa (V) shares are sliding after it reported third-quarter results that beat Wall Street estimates, but said it still expects earnings per share to increase by a percentage in the low teens and revenue to grow by low double digits, according to a presentation. Mizuho Securities analyst Dan Dolev said in a note to clients that Visa’s failure to lift the full-year outlook may be to blame for the stock drop.
- Humana (HUM) is soaring on news it raised its profit guidance for the year, with management saying medical costs were in line with expectations and the company benefitted from growth in its Medicare Advantage and pharmacy businesses.

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On this episode of Stock Movers:
- Adidas shares plunge as much as 8.6%, the most in over three months after the footwear giant reported weaker than expected revenue growth which offset a margin beat. The lack of guidance upgrade is driven by increased tariff uncertainty and is a further disappointment.
- Kering shares rose 2.7% after the luxury-goods maker reported better-than-expected operating profit but plunging sales at Gucci which is undergoing a second design revamp in three years.
- Danone shares gained the most in three years after sales beat expectations as the French consumer goods company saw volumes rise in most of its categories, including high-protein products.

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