Stock Movers

On this episode of Stock Movers:
- 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.
- Starbucks (SBUX) shares fall as Jeffries cut the recommendation on the chain of coffee shops to underperform from hold. Jeffries wrote that “the stock has surpassed reasonable expectations for improving fundamentals” and the valuation is “unwarranted.”
- Steve Madden (SHOO) shares rise after Citi upgraded the stock to buy from neutral, saying the footwear maker’s margins are bottoming as fashion trends turn more favorable.

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On this episode of Stock Movers:
- GE Aerospace (GE) is getting a lift this morning after it boosted its full-year financial guidance and topped Wall Street’s profit estimates for the second quarter after rebounding demand in the aviation market softened the impact of a global trade war. GE Aerospace touted a 30% jump in revenue for its commercial business last quarter, with recent wins including its largest-ever widebody deal to sell more than 400 engines to Qatar Airways.
- United Airlines (UAL) is moving as the carrier cut its adjusted earnings per share forecast for the full year. The airline initially gave dual forecasts for 2025 EPS, seeing profits of up to $13.50 and as low as of $7, assuming a “recessionary” environment.
- Lucid Group Inc. (LCID) shares are soaring on news that Uber is teaming up with Lucid and Nuro to launch a robotaxi fleet, with plans to deploy at least 20,000 of the robotaxis over six years. Uber will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network, and is making separate multi-hundred-million dollar investments in both Lucid and Nuro.

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On this episode of Stock Movers:
- PepsiCo (PEP) is rising in the premarket after maintaining its annual outlook and reported sales growth that beat Wall Street estimates, citing strong international growth. PepsiCo Chief Executive Officer Ramon Laguarta said the company's international business momentum continued, while its North America businesses improved their execution and competitiveness.
- GE Aerospace (GE) is getting a lift this morning after it boosted its full-year financial guidance and topped Wall Street’s profit estimates for the second quarter after rebounding demand in the aviation market softened the impact of a global trade war. GE Aerospace touted a 30% jump in revenue for its commercial business last quarter, with recent wins including its largest-ever widebody deal to sell more than 400 engines to Qatar Airways.
- Taiwan Semiconductor (TSMC) is higher after saying 2025 sales to grow by around 30% in USD terms. That came from comments by CEO C. C. Wei t briefing in Taipei. TSMC sees long-term gross margin at 53% and higher achievable.
- United Airlines (UAL) is dropping sd the carrier cut its adjusted earnings per share forecast for the full year. The airline initially gave dual forecasts for 2025 EPS, seeing profits of up to $13.50 and as low as of $7, assuming a “recessionary” environment.

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On this episode of Stock Movers:
- ABB Ltd. rallied after the company reported record order intake and profit margins that surpassed views, spurred by rising demand for automation tools and data center-driven investments in electrical grids. Orders surged 16% in the second quarter to $9.79 billion, lifted by a single $600 million deal for process-automation tools in the US, the Zurich-based industrial supplier said Thursday in a statement. ABB shares gained as much as 8.5%, the most intraday in over three months.
- Legrand shares are trading at a record high this morning after jumping as much as 8.4% as the electrical device specialist posted organic growth well ahead of expectations in the second quarter and raised its outlook for the full year. Analysts cited strong demand for data centers in North America.
- Novartis AG slumped after disappointing sales for its key psoriasis drug and the looming retirement of its respected finance chief overshadowed a modest outlook raise. Core operating profit will likely grow by a percentage in the low teens, the Swiss drugmaker said Thursday. New medicines made up for lackluster growth from the psoriasis treatment Cosentyx, which analysts pointed to as a concern. The shares fell as much as 2.8% in early Zurich trading, trimming this year’s gain to about 5%.

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On this episode of Stock Movers:

- Johnson & Johnson (JNJ) shares rallied today after the company beat Wall Street’s quarterly sales expectations and raised its full-year outlook, a show of confidence as the pharmaceutical industry faces the dual threats of tariffs and a crackdown on drug pricing. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up.

- Morgan Stanley (MS) shares fell today. That is despite the fact that the bank's stock traders scored their best second quarter on record. This beat comes as the biggest US banks continue to reap the benefits of market volatility tied to President Donald Trump’s policy moves. The firm earned $3.72 billion in equity-trading revenue, a 23% jump from a year ago and ahead of analyst expectations, according to a statement Wednesday. The firm’s closely-watched wealth management unit reeled in $59.2 billion of net new assets in the period, also surpassing predictions. However, Morgan Stanley’s investment-banking fees fell 5% to $1.54 billion, a smaller drop than analysts expected due to a 42% increase in equity underwriting.

- United Natural Foods Inc. (UNFI) shares jumped after the food distributor provided investors with a much anticipated new guidance view — which appears to be better than feared — after a cybersecurity incident last month. The midpoint of the new adjusted Ebitda forecast of $550 million is above the consensus estimate of $543.4 million (at the time of the press release), with the company noting that its forecasts do not reflect the benefit of anticipated insurance proceeds, which are expected to be “adequate for the incident”.

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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 Isabelle Lee.

- Johnson & Johnson (JNJ) shares jumped the most since March 2020 after the pharma giant boosted its sales forecast for the full year. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up. A week earlier, Trump told reporters he would impose tariffs as high as 200% on drug companies if they don’t shift more of their manufacturing to the US over the next year to 18 months.

- Ford (F) shares slid on word it's recalling almost 700,000 vehicles to address a long-running issue over cracking in an auto part that can leak fuel into the engine and cause fires. The action applies to certain Bronco Sport and Escape models from 2020 to 2024, according to documents posted on the National Highway Traffic Safety Administration website. Ford has identified eight instances where cracking in a fuel injector led to a fire under the car’s hood. None of these resulted in injuries.

- United Airlines (UAL) refined its profit outlook for this year after travel rebounded from flight disruptions, trade tensions and fighting in the Middle East conflict.The carrier now expects full-year adjusted earnings of $9 to $11 a share, United said in a statement on Wednesday that included second-quarter results that exceeded analysts’ expectations. The Chicago-based carrier joined Delta Air Lines Inc. in offering an improving view for the year, citing a double-digit acceleration in business demand so far this month compared with the second quarter.

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On this episode of Stock Movers: 

- Goldman Sachs Group Inc (GS) shares are up after the bank's stock traders posted the largest revenue haul in Wall Street history, as volatility sparked by the Trump administration’s trade war spurred a second straight record quarter for the unit. At $4.3 billion, equity-trading revenue for the second quarter was about $600 million more than what analysts were expecting and $100 million above the first-quarter total, according to a statement Wednesday. That also pushed profit above expectations for the period.

- ASML Holding NV (ASML) shares are sinking after Chief Executive Officer Christophe Fouquet walked back his forecast that sales will grow next year, blaming trade disputes and global tensions. Fouquet, who in October told investors he expected 2026 to be a growth year for the semiconductor industry and ASML, took a more cautious stance on Wednesday when the company reported its second-quarter results.

- Johnson & Johnson (JNJ) shares gained after the company beat Wall Street’s quarterly sales expectations and raised its full-year outlook, a show of confidence as the pharmaceutical industry faces the dual threats of tariffs and a crackdown on drug pricing. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up.

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On this episode of Stock Movers:
- Johnson & Johnson (JNJ) shares rise. The company said 2Q sales were at $23.7 billion, beating expectations. The company also raised its full-year outlook.
- Prologis (PLD) shares gain after the industrial real estate investment trust delivered a beat-and-raise earnings report for the second quarter after raising the midpoint of its core FFO guidance and beating consensus expectations for the second quarter. Evercore ISI calls the results “better than feared.”
- Global Payments (GPN) shares jump after the Financial Times reported that activist hedge fund Elliott Management has built a “sizeable” stake in the company.

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On this episode of Stock Movers:
- Goldman Sachs (GS) shares are lower. Goldman reported its best stock-trading quarter in history with trading revenue at $4.3 billion, about $600 million more than what analysts were expecting.
- Bank of America (BofA) shares are down. The firm reported equity trading revenue at $2.1 billion. That topped expectations but it was slightly softer from the previous quarter.
- Johnson & Johnson (JNJ) shares rise. The company said 2Q sales were at $23.7 billion, beating expectations. The company also raised its full-year outlook.

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On this episode of Stock Movers:
- Bank of America (BAC) shares are popping on the company reporting traders posted a record second quarter, reaping the benefits of volatile markets and net interest income topping analysts' estimates. Revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion, and equity trading rose 9.6% to $2.13 billion, both topping expectations.
- Morgan Stanley (MS) is lower despite the company's stock traders posted their best second quarter on record, earning $3.72 billion in equity-trading revenue, a 23% jump from a year ago. The firm's wealth management unit reeled in $59.2 billion of net new assets in the period, surpassing predictions, and posted $7.76 billion in net revenue, also surpassing analyst forecasts. Morgan Stanley's investment-banking fees fell 5% to $1.54 billion, a smaller drop than analysts expected, due to a 42% increase in equity underwriting, according to a statement Wednesday.
- Goldman Sachs (GS) is higher after stock traders posted the largest revenue haul in Wall Street history, with equity-trading revenue of $4.3 billion for the second quarter. CEO David Solomon: "the economy and markets are generally responding positively to the evolving policy environment," but the firm remains focused on risk management. Goldman Sachs' total management fees in asset and wealth management rose 11% compared to a year earlier, though net revenue dipped slightly to $3.78 billion.
- ASML (ASML) shares are lower after Chief Executive Officer Christophe Fouquet walked back the company’s growth forecast for next year, blaming trade disputes and global tensions. ASML forecast third-quarter net sales between €7.4 billion and €7.9 billion, which is below the average analyst estimate, and expects 15% revenue growth for the year. Lam Research (LRCX) is also lower on the ASML news.

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