Stock Movers

On this episode of Stock Movers:
- Tesla (TSLA) is continuing its slide as Baird downgraded the stock to neutral from outperform, noting that the recent share rally followed what was a fundamentally poor quarter for the EV maker. Analyst Ben Kallo attributes the recent rally partly to anticipation over the launch of a more affordable vehicle and a robotaxi service. Through Friday’s close, the shares are down about 27% this year
- Robinhood (HOOD) is falling this morning after S&P Dow Jones Indices said there were no announced membership changes in the S&P 500 or the S&P 1500 indexes, according to an emailed statement. Robinhood fell in post market trading as it was thought it would be added to the index.
- AppLovin (APP) shares are following Robinhood lower this morning after both stocks fell Friday on news neither would be added to the S&P 500 index.

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On this episode of Stock Movers:
- WPP Chief Executive Officer Mark Read is set to retire at the end of the year, kicking off a search for a successor at one of the world’s largest advertising agency groups as it grapples with slowing sales.
- Qualcomm has agreed to buy London-listed semiconductor company Alphawave for about $2.4 billion in cash to expand its technology for artificial intelligence.
- Telefonica and Masorange have held informal talks on a potential deal for Vodafone Spain, people familiar with the matter said, a move that could lead to further consolidation in the country’s telecom market.

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On this edition of Stock Movers:
- ON Semi (ON) rallied Tuesday as members on its management team spoke at the Bank of America 2025 Global Technology Conference. At the conference, CEO Hassane El-Khoury discussed that non-AI chips - which ON focuses on - could be heading toward a rebound. It was the best performing stock in the S&P 500.

- Norwegian Cruise (NCLH) shares were among the best performing stocks of the week. Investors sent the stock higher as the company's booking trends seem to be improving.

- Brown-Forman (BF/B) shares plummeted the most since 2008 after it reported results that trailed expectations while projecting a sales decline for the current fiscal year. The owner of Jack Daniel's brand also sees organic net sales, which strip out items such as currency fluctuations, declining in a low-single digit range for the fiscal year that runs through April 2026. Brown-Forman is anticipating a challenging operating environment this year, “with low visibility due to macroeconomic and geopolitical volatility as we face headwinds from consumer uncertainty,” the company said in the earnings statement. The firm also cited potential impact from tariffs not yet in place.

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On this episode of Stock Movers:
- Lululemon (LULU) shares tumble after the company posted a second straight disappointing quarter, with projected sales and profit below analyst estimates, due to rising competition, new tariffs, and a shift away from yoga pants.
- Broadcom (AVGO) shares fall after the chipmaker gave a forecast that isn’t seen as strong enough to extend the stock’s recent strength. However, analysts note positive AI trends.
- Circle Internet Group (CRCL) shares rise after the company and its shareholders raised nearly $1.1 billion in an initial public offering that was upsized twice amid strong demand.

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On this episode of Stock Movers:
- Telsa (TSLA) shares are moving higher this morning as the possibility of easing tensions between owner Elon Musk and President Donald Trump takes shape. The dispute began over differences on the GOP tax legislation, with Musk opposing the bill and Trump accusing Musk of being motivated by self-interest. After Tesla shares tanked 14% and Musk's personal wealth dropped by $34 billion, Musk signaled a willingness to cool tensions with Trump, responding to a user's advice to "cool off and take a step back for a couple days" with "Good advice."
- Lululemon (LULU) share are plunging in premarket trading as the athletic wear maker is reducing its earnings per share outlook by about 2.5% for the full year. It also sees sales below analysts estimates. Lululemon is trying to manage supply chains affected by President Trump's trade wars, and its guidance assumes 30% tariffs on China and 10% on other countries, which could cause a "significant reduction" in profitability.
- Broadcom (AVGO) share are sinking this morning as the chip supplier to companies like Alphabet and Apple gave a lackluster revenue forecast for the current quarter. Analysts suggest that the Artificial Intelligence spending frenzy isn't as strong as some investors anticipated. Like Nvidia, the company is seen as a key beneficiary of a surge in AI spending.

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On this episode of Stock Movers:

 - Telsa (TSLA) shares are moving higher this morning as the possibility of easing tensions between owner Elon Musk and President Donald Trump takes shape. The dispute began over differences on the GOP tax legislation, with Musk opposing the bill and Trump accusing Musk of being motivated by self-interest. After Tesla shares tanked 14% and Musk's personal wealth dropped by $34 billion, Musk signaled a willingness to cool tensions with Trump, responding to a user's advice to "cool off and take a step back for a couple days" with "Good advice."

 - Lululemon (LULU) share are plunging in premarket trading as the athletic wear maker is reducing its earnings per share outlook by about 2.5% for the full year. It also sees sales below analysts estimates. Lululemon is trying to manage supply chains affected by President Trump's trade wars, and its guidance assumes 30% tariffs on China and 10% on other countries, which could cause a "significant reduction" in profitability.

 - Broadcom (AVGO) share are sinking this morning as the chip supplier to companies like Alphabet and Apple gave a lackluster revenue forecast for the current quarter. Analysts suggest that the Artificial Intelligence spending frenzy isn't as strong as some investors anticipated. Like Nvidia, the company is seen as a key beneficiary of a surge in AI spending.

 - Circle (CRCL) shares are continuing their climb after the company's successful IPO, with shares surging 168% yesterday and closing at $83.23 in New York. Circle's market value is now $18.5 billion, with a fully diluted valuation of about $22.1 billion, as stablecoins are poised to be regulated by legislation and may lead to larger institutional adoption.

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On this episode of Stock Movers:

  - Puma and Adidas fall as European athleisure stocks under-perform on Lululemon posting a second straight disappointing quarter, fueling concerns around the impact of rising competition and new tariffs.

 - Filtronic, a components maker who produce modules for SpaceX's Starlink, has been caught in the Musk-Trump crossfire.

 - Broadcom Inc., a chip supplier to companies like Alphabet and Apple, gave a lackluster revenue forecast for the current quarter, suggesting that the AI spending frenzy isn’t as strong as some investors anticipated.

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On this episode of Stock Movers:

- Tesla (TSLA) shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people.
Trump on Thursday said he was “very disappointed” by the Tesla chief executive officer’s criticism of the president’s signature tax policy bill. Musk fired back in several social media posts, saying in one that “without me, Trump would have lost the election.” The president later floated terminating federal contracts and subsidies extended to Musk’s companies and said that he had asked the Tesla and SpaceX leader to leave his administration, which Musk said was a “lie.” Musk went a step further late in the day, saying he would decommission a SpaceX craft used by the US.

- Lululemon (LULU) shares fell sharply after its latest earnings report highlighted the risk posed by new tariffs while exacerbating investor concerns about slowing growth.
The company sees sales in the range of $2.54 billion to $2.56 billion for its fiscal second quarter, below the average analyst estimate. For the full year, Lululemon reduced its earnings per share outlook by about 2.5%. The company and its retail peers are trying to manage supply chains that have been upended by US President Donald Trump’s trade wars. Apparel and footwear production hubs in Asia including China and Vietnam face elevated tariff rates as the White House negotiates new trade deals.

- Planet Labs (PL) shares skyrocketed as much as 55% - a record jump — after the company’s first-quarter revenue topped expectations. Citizens analyst said the satellite-data provider had a “stellar quarter” and the stock remains an opportunity for long-term capital appreciation.

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On this episode of Stock Movers:
-Chewy shares (CHWY) fall after Jefferies analyst Kaumil Gajrawala cut the recommendation on the online retailer of pet products to hold from buy, writing that valuation appears “primed” for a first-quarter beat and raise that’s unlikely to happen.
-Dollar Tree shares (DLTR) are up after JPMorgan upgraded the discount retailer to overweight from neutral.
-Planet Labs shares (PL) jump after first-quarter revenue beat estimates. Analysts at Citizens said the satellite data provider had a “stellar quarter” and the stock remains an opportunity for long-term capital appreciation.

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On this episode of Stock Movers:
-Dollar Tree shares (DLTR) are up after JPMorgan upgraded the discount retailer to overweight from neutral.
- Kimberly-Clark, (KMB) shares are down after selling a majority stake in its global Kleenex and tissue businesses outside of North America.It's forming a JV with Brazilian pulp supplier Suzano in a deal valued at $3.4 billionSuzano is the world largest pulp supplier and it will have a 51% majority stake and holds the option to buy Kimberly-Clark’s ownership interest at specified times and conditions
-Brown Forman (TICKER BF/B) shares are down after Parent company of Jack Daniel's reported after the bell and 4Q EPS and sales missed estimates.

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