Stock Movers

On this edition of Stock Movers, we take a look at some of the week's biggest gainers and decliners:

- Palantir (PLTR) shares posted another solid week of gains and is among the best performers of the year so far. Earlier in the week, President Donald Trump unveiled a $70 billion in investments in artificial intelligence and energy in Pennsylvania and hosted an event in Pittsburgh. Palantir CEO Alex Karp was in attendance.
- Citi (C) shares had a good week after delivering earnings. The bank's traders rode the tariff-induced volatility in markets to their best second quarter in five years, with revenue buoyed by record trading volumes in the quarter. Revenue from Citi’s fixed-income trading business soared 20% to $4.3 billion, beating the $3.9 billion predicted by analysts in a Bloomberg survey. Citigroup’s stock traders hauled in $1.6 billion, also surpassing expectations, aided by a surge in prime balances to record levels during the period.
Centene (CNC) shares slid 11% this week. The healthcare company has been under pressure amid changing regulations at the federal level, and since President Donald Trump's sweeping tax and spending bill and its impact on Medicaid.

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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, Vonnie Quinn, Tim Stenovec and Isabelle Lee.

- Charles Schwab (SCHW) shares climbed after the company reported second-quarter earnings that topped estimates as client assets hit a new record and trading revenue increased. Schwab posted adjusted earnings per share of $1.14 while total client assets climbed 14% to $10.76 trillion compared to the same period last year, according to a statement. Revenue from client trades also jumped 23% to $952 million. “Retail investors and RIAs continued to turn to Schwab as a trusted partner, opening over 1 million new brokerage accounts,” said Chief Executive Officer Rick Wurster. Daily average revenue trades just narrowly topped analyst forecasts at 7.57 million in a quarter characterized by market turmoil from President Donald Trump’s tariff and policy changes. The firm attracted $73.6 billion in total net new assets, which was below analyst expectations.

- Robinhood (HOOD) shares rose along with the broader crypto space as President Donald Trump signed key crypto legislation into law. The President signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” and delivering a major victory for the digital asset industry. “The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,” Trump said Friday at a White House ceremony. “This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.” The measure sets regulatory rules for US dollar-backed stablecoins, including a requirement for firms to hold dollar-for-dollar reserves in short-term government debt or similar products overseen by state or federal regulators. Advocates see it as allowing for the broader adoption of digital assets in finance.

- Humana (HUM) shares fell after it lost a lawsuit seeking to reverse cuts to its Medicare bonus payments, a blow for the insurer that had hoped the court would restore billions in revenue. A Texas judge ruled in favor of a government motion to dismiss the case, allowing a downgrade of Humana’s Medicare quality ratings that’s set to squeeze the company’s profits in 2026. Humana shares dropped as much as 7.5%. The judge called Humana’s federal court claim “premature” because the company hadn’t exhausted all the administrative procedures over the decision. The lawsuit was dismissed “without prejudice,” which means Humana could file the court case again. “Plaintiffs can seek review, just not until the end of the administrative appeal process,” the judge wrote.

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- Netflix (NFLX) shares are lower today. Netflix reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins. The second quarter is historically slow for Netflix, which typically adds more customers at the beginning and end of the year.
- Lululemon (LULU) shares are lower today following a note from an analyst at Jefferies that said the company is facing slowing sales, fewer store visitors and waning demand for its iconic black leggings. Lululemon’s core black leggings, which are vital products that rarely are discounted, are piling up at outlet stores, the note said.
- 3M (MMM) shares climb after the company raised its profit forecast and beat Wall Street’s estimates for the second quarter as Chief Executive Officer William Brown’s effort to reinvigorate the company gained momentum. Adjusted earnings will be $7.75 to $8 a share this year, including the expected impact of tariffs, the maker of Post-it notes and Ace bandages said. 

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- Hess (HES) and Chevron (CVX) are both higher as Hess Corp. won its arbitration battle with Exxon Mobil Corp., clearing the way for it to be bought by Chevron Corp. The decision is a major victory for Chevron, according to the text, ending a period of strategic limbo that hurt its stock. Exxon Mobil Corp. said it "disagree[s] with the ICC panel's interpretation but respect[s] the arbitration and dispute resolution process", according to a company statement.
- Norfolk Southern (NSC) shares are higher as Union Pacific Corp. (UNP) is exploring an acquisition of Norfolk Southern Corp., according to people familiar with the matter. A deal would merge the No. 1 and No. 5 North American railroads by revenue, companies with a combined market value of almost $200 billion. Union Pacific Chief Executive Officer Jim Vena and Norfolk Southern's chief financial officer Jason Zampi have expressed support for a merger, with Vena saying he thinks it would be beneficial for the country and Zampi noting there would be a lot of benefit.
- Netflix (NFLX) is lower despite its earnings beat. The streaming-video company reported second-quarter results that beat expectations and raised its full-year forecast. The stock has been a strong performer this year, up nearly 50% off an April low. JPMorgan wrote, While Netflix is executing well and boosted its forecast as expected, “the shares need a breather.”
- 3M (MMM) is higher after it raised its profit forecast to $7.75 to $8 a share this year, including the expected impact of tariffs. The company's adjusted second-quarter earnings were $2.16 a share, better than analysts' average estimate of $2.01. Under Chief Executive Officer William Brown, 3M has put measures in place to mitigate tariffs, including shifting production and pricing changes.

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On this episode of Stock Movers:
- Hess (HES) and Chevron (CVX) are both higher as Hess Corp. won its arbitration battle with Exxon Mobil Corp., clearing the way for it to be bought by Chevron Corp. The decision is a major victory for Chevron, according to the text, ending a period of strategic limbo that hurt its stock. Exxon Mobil Corp. said it "disagree[s] with the ICC panel's interpretation but respect[s] the arbitration and dispute resolution process", according to a company statement.
- Netflix (NFLX) is lower despite its earnings beat. The streaming-video company reported second-quarter results that beat expectations and raised its full-year forecast. The stock has been a strong performer this year, up nearly 50% off an April low. JPMorgan wrote, While Netflix is executing well and boosted its forecast as expected, “the shares need a breather.”
- Talen Energy (TLN) is higher as it's buying Caithness Energy's Moxie Freedom Energy Center in Pennsylvania and Caithness and BlackRock's Guernsey Power Station in Ohio for $3.8 billion. Chief Executive Officer Mac McFarland said the plants are "the closest thing to adding another nuclear plant to our portfolio" and that buying them was the fastest and cheapest way to help meet AI needs through this decade.
- 3M (MMM) is higher after it raised its profit forecast to $7.75 to $8 a share this year, including the expected impact of tariffs. The company's adjusted second-quarter earnings were $2.16 a share, better than analysts' average estimate of $2.01. Under Chief Executive Officer William Brown, 3M has put measures in place to mitigate tariffs, including shifting production and pricing changes.

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Burberry’s sales fell less than expected, as the UK fashion brand begins to deliver on its turnaround plan under Chief Executive Officer Joshua Schulman.
Salzgitter slumps as much as 13%, the most since September 2022, after the steelmaker revealed second-quarter Ebitda that came in significantly below consensus expectations. The firm said there is little sign of any real recovery over the second half of the year, and slashed its full-year guidance.
Saab shares soar as much as 13% to hit an all-time high after the defense technology business posted sales above expectations in the second quarter and raised its growth outlook for the full year. The upbeat outlook is also helping to boost other defense names, according to Jefferies.

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- Lucid (LCID) shares soared today as the electric vehicle start up plans to partner with Uber Technologies (UBER) and self-driving tech startup Nuro Inc. to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years.

- Steve Madden (SHOO) shares rose today after Citi upgraded the stock to buy from neutral, saying the footwear maker’s margins are bottoming as fashion trends turn more favorable. “We believe 2Q EPS will mark the low point for SHOO’s margins as they navigate significant tariff pressure this year,” analyst Paul Lejuez writes in a note.

- United Airlines (UAL) shares are flying after CEO Scott Kirby said there was a turning point at the end of June as business travel rebounded. Kirby also said the company likes to keep its outlook conservative.

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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, Tim Stenovec and Norah Mulinda.

- Netflix (NFLX) continues to thrive while rival media companies are unloading assets and cutting costs. The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins. Shares of Netflix were down about 1.5% at 4:10 p.m. New York time in extended trading. The stock has nearly doubled over the past year and the company’s market value tops $500 billion. That makes Netflix worth more than Walt Disney Co., Comcast Corp. and Warner Bros. Discovery Inc. combined.

- United Airlines (UAL) shares were higher today after it said the second half of the year has become more predictable and suggested it may be able to beat its earnings targets after customers returned to booking flights following a tumultuous start to 2025. The company provided a narrower range for its full-year earnings target with a band of $9 to $11, and Chief Executive Officer Scott Kirby called the goal conservative that has potential “upside.” United rose 2.9% to $91.04 before the start of regular trading in New York. Other US carriers also rose. “You can’t stay on the sidelines forever,” Kirby said about travel in a Bloomberg Television and Radio interview. “It was like a light switch at the end of June for business.”

- Pepsi (PEP) shares rose as international growth helped buoy PepsiCo Inc.’s second quarter earnings, as the snacks and beverage giant said it plans to lean into higher-protein offerings and smaller portion sizes. The company, which owns the Gatorade, Lipton and Quaker brands, reported organic sales growth of 2.1% in the second quarter ended June 14, outpacing the average analyst estimate. Earnings per share were $2.12, also higher than market expectations. PepsiCo also maintained its annual outlook.

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On this episode of Stock Movers:

- Lucid (LCID) shares soar as the electric vehicle start up plans to partner up with Uber Technologies (UBER) and self-driving tech startup Nuro to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years.

- PepsiCo (PEP) shares are rising after the company reported quarterly earnings and revenue that topped analyst expectations. International growth helped buoy Pepsi's second quarter earnings, as the snacks and beverage giant said it plans to lean into higher-protein offerings and smaller portion sizes. The company, which owns the Gatorade, Lipton and Quaker brands, reported organic sales growth of 2.1% in the second quarter ended June 14, outpacing the average analyst estimate. Earnings per share were $2.12, also higher than market expectations. PepsiCo also maintained its annual outlook.

- Elevance Health (ELV) shares slumped after it cut its profit guidance for the year on higher medical costs in Affordable Care Act plans and lagging reimbursement from Medicaid, the latest in a series of disappointments from health insurers in recent months. The forecast cut comes less than two months after Elevance affirmed its outlook despite rising cost trends. It’s more evidence that insurers are struggling to contain persistent and widespread increases in medical expenses that have blindsided investors.

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On this episode of Stock Movers:
- PepsiCo (PEP) shares rise after international growth helped buoy PepsiCo Inc.’s second quarter earnings, with the company planning to lean into higher-protein offerings and smaller portion sizes.
- United Airlines (UAL) shares gain after the airline said the second half of the year has become more predictable and suggested it may be able to beat its earnings targets after customers returned to booking flights.
- Lucid (LCID) shares jump after news that it's teaming up with Uber and Nuro to launch a robotaxi fleet, with plans to deploy at least 20,000 robotaxis over six years.

See omnystudio.com/listener for privacy information.