Stock Movers

On this episode of Stock Movers:
- AbbVie (ABBV) is lower this morning alongside pharma stocks as President plans to order a cut in US prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.
- Newmont (NEM) shares are also lower as a result of the risk on narrative. Gold fell more than 3% in the premarket as investor attention turns back to US equities in easing trade tensions with China.
- Texas Instruments (TXN) is higher this morning along with other major chipmakers, which are heavily exposed to Asian markets. US megacap tech stocks, which had been hard hit this year, were on track to tally some of the biggest gains, with Nasdaq 100 futures poised to re-enter a bull market.
- Apple (APPL) is rallying on the China trade news, with the company having significant supply chain exposure to China. Other Mag 7 stocks like Tesla and Nvidia are also rallying on the trade news.

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On this episode of Stock Movers:
- The US and China will temporarily lower tariffs on each other’s products, according to a joint statement, in a move which sent the whole equity market up. Maersk are on track for their biggest one-day gain in a decade with trading volume was quadruple the average for this time of day.
- Drugmakers like Novo Nordisk are falling after President Donald Trump said he plans to order a cut in US prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.
- UniCredit posted its highest quarterly profit ever, strengthening Chief Executive Officer Andrea Orcel’s hand as he pursues potential acquisitions.

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On this episode of Stock Movers:

- Insulet (PODD) shares rallied this week, soaring up as much as 20% during trading on an upbeat earnings report. The insulin delivery system maker boosted its revenue guidance for the full year and posted better-than-expected first-quarter results. Piper Sandler views the guidance increase positively and as more evidence of strong momentum in the business.

- Disney (DIS) shares rose after it reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. Full-year 2025 earnings, excluding certain items, will rise 16% to $5.75 a share, Disney said Wednesday in a statement, about double its previous forecast for growth. Analysts were looking for $5.44 a share. A number of major companies have pulled their 2025 guidance amid the uncertainty caused by US President Donald Trump’s tariffs on imported goods. But Disney is benefiting from faster-than-expected growth at its namesake parks and streaming business, and pointed to that strong performance to boost its guidance.

- Palantir (PLTR) shares slid by the most in nearly a year after its financial results and projections failed to live up to investors’ lofty expectations. The company described rising demand for artificial intelligence software as a “ravenous whirlwind” and bumped its 2025 revenue forecast on Monday to about $3.9 billion from about $3.75 billion. But even a solid earnings results beat and the raised outlook wasn’t enough to justify the stock’s high valuation and extend its massive year-to-date gain. Palantir’s shares tanked by as much as 14.9% to $105.32, the lowest intraday price since May 7, 2024. The stock was still up 41% for the year.

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On this episode of Stock Movers:

- Affirm (ARFM) shares plunged as much as 14% on Friday after the financial technology company reported what some analysts said were “mixed” results. Analysts made note of the mostly positive earnings, but flagged expectations were very high heading into the results and the guidance given may be conservative. 

- Expedia (EXPE) cut its full-year outlook for gross bookings and revenue after it saw weaker-than-expected domestic and inbound travel demand in the US at the start of the year. Gross bookings and revenue are now expected to grow 2% to 4% in 2025, Chief Financial Officer Scott Schenkel said on an earnings call. The company had projected 4% to 6% growth in February. It also issued first-quarter results and a second-quarter outlook that missed Wall Street estimates.

- Tesla (TSLA) shares were higher leading Magnificent Seven stocks today. Investors refrained from making riskier bets on speculation that while talks between Chinese and American officials could represent a diplomatic icebreaker, they would unlikely result in a comprehensive agreement at this stage. Following a rapid $6 trillion surge in the S&P 500 from the brink of a bear market, action has been more muted in recent days. The gauge was little changed Friday amid volume that was 30% below the average of the past month.

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On this episode of Stock Movers:
- Lyft shares surge on results after the bell on Thursday; better-than-expected gross bookings in the first quarter, a sharp contrast with disappointing results from Uber. It also announced an accelerated and expanded share buyback program. Some areas key to its positive results include Indianapolis, where it saw a 37% gain in rides; and Canada, where rides are up 50%.
- Pinterest shares rise after 2Q revenue guidance beat estimates. CEO Bill Ready cited the company's ability to leverage AI to personalize the user experience is their "key differentiator." Tech allows them to provide advertisers early signs on trends before they show up in purchasing data.
- 1800 Flowers shares plunge after it withdrew its near-term guidance and shuffled its management team, including naming a new CEO.That's after reporting 3Q results that showed a bigger-than est loss per share -- $2 80c vs 26c estimate; net revenue also disappointed and down 13% from a year earlier.

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On this episode of Stock Movers:
- Expedia shares fall after the company cut its full-year outlook for gross bookings and revenue. It cited weaker-than-expected domestic and inbound travel demand in the US at the start of the year. CFO Scott Schenkel noted that there was a near-30% decline in inbound bookings from Canada, which drove a 7% drop in overall inbound travel to the US
- Microchip rises after 4Q results after the bell on Thursday. Its' adjusted EPS 11c, slightly beat the 10c estimate; net sales also slightly above estimates but down 27% y/y. - The chips manufacturer did say 4Q “marks the bottom of this prolonged industry down cycle"
- Crowdstrike drops after a Bloomberg News report that US prosecutors and regulators are investigating a $32 million deal between Crowdstrike and a tech distributor -- specifically, what senior executives may have known about it.The transaction was made to supply software to the IRS, but apparently the IRS never purchased or received the products.

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On this episode of Stock Movers:
- Lyft (LYFT) is moving to the upside after reporting better-than-expected gross bookings of $4.16 billion in the first quarter, with rides increasing 16% from a year earlier to 218.4 million. Goldman Sachs analyst Eric Sheridan also upgraded the stock to Buy from Neutral.
- Expedia (EXPE) is down this morning after cutting its full-year outlook for gross bookings and revenue due to weaker-than-expected domestic and inbound travel demand in the US at the start of the year. The company now expects gross bookings and revenue to grow 2% to 4% in 2025, down from its previous projection of 4% to 6% growth.
- Pinterest (PINS) shares are higher after second-quarter revenue guidance topped estimates at the midpoint, easing concerns of an advertising slowdown. The company's efforts to use artificial intelligence to boost growth are paying off, with revenue for the second quarter expected to be $960 million to $980 million.
- Affirm Holdings (AFRM) is sliding this morning after the midpoint of the buy now, pay later company’s revenue forecast for the current quarter trailed Wall Street expectations.

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On this episode of Stock Movers:
- Expedia (EXPE) is down this morning after cutting its full-year outlook for gross bookings and revenue due to weaker-than-expected domestic and inbound travel demand in the US at the start of the year. The company now expects gross bookings and revenue to grow 2% to 4% in 2025, down from its previous projection of 4% to 6% growth.
- Lyft (LYFT) is moving to the upside after reporting better-than-expected gross bookings of $4.16 billion in the first quarter, with rides increasing 16% from a year earlier to 218.4 million. Goldman Sachs analyst Eric Sheridan also upgraded the stock to Buy from Neutral.
- Pinterest (PINS) shares are higher after second-quarter revenue guidance topped estimates at the midpoint, easing concerns of an advertising slowdown. The company's efforts to use artificial intelligence to boost growth are paying off, with revenue for the second quarter expected to be $960 million to $980 million.
- Coinbase (COIN) shares are lower despite Bitcoin's rally after its first-quarter total revenue and second-quarter forecast subscription and services revenue missed the average analyst estimates.

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On this episode of Stock Movers:

- IAG announced a major order for widebody jets, doubling down on a long-haul business with a $10 billion fleet investment to help sustain its earnings momentum.

 
- Campari shares fall as much as 4.6% after the Italian spirits maker’s first-quarter results missed expectations, showing that the backdrop continues to be tough with analysts flagging an uncertain outlook due to trade tensions.

- Bloomberg reported that Shell has been studying the merits of acquiring BP — something both companies have so far declined to comment on — analysts have been gaming out both the upsides and downsides.

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On this episode of Stock Movers:

- Lyft (LYFT) shares are up. The company reported better-than-expected gross bookings in the first quarter, drawing a sharp contrast with the disappointing results issued by its much-larger ride-hailing rival Uber Technologies Inc. a day earlier. Gross bookings for the first quarter were $4.16 billion, Lyft said in a statement Thursday, slightly beating the average of analysts’ estimates compiled by Bloomberg. Rides increased 16% from a year earlier to 218.4 million, also ahead of expectations. Lyft expects gross bookings for the current period to be between $4.41 billion and $4.57 billion, with the midpoint landing just above estimates.

- AppLovin (APP) shares soar after the AI-powered advertisement platform reported first-quarter results that beat expectations. The company also agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business.

- Coinbase (COIN) shares are down in post market trading. The company's first-quarter revenue jumped while profit declined as the largest US crypto exchange navigated the volatile price swings of the digital asset market. Revenue increased about 24% to $2 billion from the year-ago period, though it was around 10% sequentially lower from the fourth quarter, the San Francisco-based company said in a blog post Thursday. Revenue was expected to be $2.105 billion, according to the average forecast of analysts surveyed by Bloomberg. Net income fell 94% to $66 million, or 26 cents per share. Coinbase’s shares fell about 3% in after-hours trading. The stock is down 17% so far this year.

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