Stock Movers

On this episode of Stock Movers:
- Ford (F) is lower today following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US. - 23andMe Holding Co. (ME) shares jump as much as 147% intraday Thursday, a record, after a judge ruled that the genetic testing company can try to sell information about customer data amid its bankruptcy.
- Gamestop (GME) shares drop as much as 12%, the biggest intraday drop since Sept. 11, after the video-game retailer announced that it intends to offer $1.3 billion aggregate principal amount convertible senior notes due in 2030. A Wedbush analyst said he expects the offering to “fall flat.”

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On this episode of Stock Movers:

- Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.
- Jefferies (JEF) shares slide as much as 10% in regular Thursday trading, the most since Jan. 10, after earnings came in below estimates aftermarket Wednesday. Morgan Stanley lowered its price target on the financial services firm to $75 from $81 following the results.
-General Motors (GM) shares tumbled following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US.

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On this episode of Stock Movers:
- Tesla (TSLA) shares ticked slightly higher in premarket trading after President Trump's tariff announcement yesterday. The president said there would be "absolutely no tariff" for cars made in the US and Tesla has key factories in California and Texas. However, the EV company could still face the effects of tariffs for auto parts.
- Robinhood (HOOD) shares rose in premarket trading after the financial services platform introduced several new products at a Wednesday event, including Robinhood Strategies, Robinhood Banking and Robinhood Cortex. Robinhood Strategies is a wealth management service that caps management fees at $250/year for “Gold” subscribers. Robinhood didn’t disclose an RIA referral program, but anticipates a more formal announcement around an RIA referral network “in the coming months.”
- Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- General Motors (GM) shares tumbled following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US.
- Ford (F) shares slipped also on the auto tariff news. The tariffs will come into effect on April 3, initially targeting fully assembled vehicles, and will expand to include major automobile parts by May 3.
- Tesla (TSLA) shares ticked slightly higher in premarket trading after President Trump's tariff announcement yesterday. The president said there would be "absolutely no tariff" for cars made in the US and Tesla has key factories in California and Texas. However, the EV company could still face the effects of tariffs for auto parts.
- Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- European auto stocks fall after President Donald Trump announced a “permanent” 25% tariff on any car not produced in the US. Stellantis and German manufacturers Porsche, Mercedes and BMW are the biggest decliners, as analysts see them as most exposed to the decision. The main European car and car parts index erased its year-to-date gains yesterday, ahead of Trump’s announcement.

- UBS shares fall as much as 5.6% as Bank of America downgrades the lender to under perform, saying the lack of clarity on regulation is likely to drag on for months.

- Next Plc raised its guidance for sales and profit, with the fashion and homewares retailer citing a stronger-than-expected start to the fiscal year despite growing risks in the UK economy. The company now expects £1.1 billion ($1.4 billion) of pretax profit this year, higher than a previous forecast of £1.05 billion, according to a statement Thursday. Next sees full-price sales this year rising 5%, up from its previous guidance of 3.5% but less than 5.8% growth last year.

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On this episode of Stock Movers: 

- Dollar Tree (DLTR) shares rose after the retailer agreed to sell its troubled Family Dollar unit for about $1 billion. The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree’s bid to establish itself as a discount giant, with a price tag that’s a steep discount to the nearly $9 billion it paid for Family Dollar. Dollar Tree’s store count will roughly halve following the transaction. 

- Chewy’s (CHWY) profit and sales beat estimates buoyed by strong customer growth. Additionally, the company issued guidance for the first quarter that came ahead of consensus forecasts. Shares in the pet food retailer were higher in early trading today, before falling in after hours trading. 

- Freeport-McMoRan (FCX), a copper miner, climbed in trading today after US President Donald Trump’s administration signaled that tariffs on the industrial metal could be coming in weeks rather than months.

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On this episode of Stock Movers:

- Chewy (CHWY) shares rise after the online pet products retailer reported fourth-quarter net sales that beat estimates. Additionally, the company issued guidance for the metric in the first quarter that came ahead of consensus forecasts.
- GameStop (GME) shares jump after the struggling video-game retailer that became a favorite of retail traders during the meme stock frenzy said its board approved a plan to add Bitcoin as a treasury reserve asset. The company also reported fourth-quarter net sales that tumbled 28% year-over-year.
- Trade Desk (TTD US) shares edge higher after CFRA upgraded the advertising-technology company to buy from hold. The stock had fallen more than 55% off a December peak, and the “valuation is extremely enticing” after that drop, while “growth rates and margins remain healthy,” analyst Angelo Zino writes

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Chewy (CHWY) shares rise after the online pet products retailer reported fourth-quarter net sales that beat estimates. Additionally, the company issued guidance for the metric in the first quarter that came ahead of consensus forecasts.
- Dollar Tree (DLTR) shares rise as the company will sell its Family Dollar chain for about $1 billion to Brigade Capital Management and Macellum Capital Management a decade after buying the business. The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree’s bid to establish itself as a discount giant, with a price tag that’s a steep discount to the nearly $9 billion it paid for Family Dollar.
-Freeport-McMoRan (FCX) shares climb after US President Donald Trump’s administration signaled that tariffs on the industrial metal could be coming in weeks rather than months. The company has been gaining as it is expected to be a winner if copper tariffs are imposed.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Trump Media & Technology Group shares climbed this morning following recent news that the company behind the president’s Truth Social platform said it agreed with Crypto.com to offer a suite of “America-First” investment funds. The funds include ETFs holding Bitcoin and other digital assets.
- Dollar Tree shares jumped in premarket trading after the Wall Street Journal reported that the discount retailer is nearing a sale of its Family Dollar business to Brigade Capital Management and Macellum Capital Management for about $1 billion, citing people familiar with the matter. A deal is expected to be announced later Wednesday morning when Dollar Tree posts earnings, the WSJ reported
- GameStop shares rose in the premarket trade after the video game retailer said its board had approved an update to its investment policy to add Bitcoin as a treasury reserve asset. The company also reported fourth-quarter net sales that tumbled 28% year-over-year.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

 - Freeport-McMoRan moved on the news that US tariffs on copper imports could be imposed within several weeks, earlier than the 270-day deadline. Copper prices have risen to a record, with analysts expecting a 25% tariff to be imposed by the end of this year.
- Dollar Tree shares jumped in premarket trading after the Wall Street Journal reported that the discount retailer is nearing a sale of its Family Dollar business to Brigade Capital Management and Macellum Capital Management for about $1 billion, citing people familiar with the matter. A deal is expected to be announced later Wednesday morning when Dollar Tree posts earnings, the WSJ reported
- GameStop shares rose in the premarket trade after the video game retailer said its board had approved an update to its investment policy to add Bitcoin as a treasury reserve asset. The company also reported fourth-quarter net sales that tumbled 28% year-over-year.
- Tesla led Magnificent 7 shares lower today as it fell as much as 1.9%; stock is cut to hold at Mirae Asset Securities. The Bloomberg Magnificent 7 index, an equal-weighted gauge of the stocks, has fallen 9.6% this year, after jumping 67% in 2024.
- Nvidia is lower as much as 0.9%; the Financial Times reported that China’s energy rules for advanced chips could dent the chipmaker’s sales. The FT reports the rules would prevent Chinese companies from buying Nvidia’s best-selling processors should legislation be strictly implemented.

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