Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Uber bought out Aspex Management’s shares of Delivery Hero SE, boosting its stake to 36.83% as the ride-hailing company negotiates a deal to buy the German food-delivery platform.
- L’Oreal’s growth is reaching an inflection point, Berenberg writes in a note as upgrades its rating on the beauty company to buy after 14 months with a hold rating.
- Soitec shares climb as much as 19%, resuming their stellar year-to-date rally after three days of losses. Analysts note the French chip material company’s revenue surpassed expectations in the final quarter of the year, although full-year margins disappointed.

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On this episode of Stock Movers:

- JPMorgan raised the recommendation on MGM Resorts International (MGM) to overweight from neutral, citing stable leisure demand and improving Las Vegas Strip growth. Truist raised the recommendation on casino and hotel operator to buy from hold. Shares are up 4% premarket Wednesday.

-Boston Scientific (BSX) stock slides as much as 12%, the most intraday since February, after the company’s CEO indicated at an industry conference that standalone WATCHMAN heart implant procedures continue to decline. Management also mentioned potential near- term challenges in its presentation

- Snowflake (SNOW) shares jumped almost 30% in late trading after the software maker gave a stronger-than-expected annual outlook and signed a $6 billion multiyear agreement to use Amazon.com Inc.’s cloud services and chips.

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On this episode of Stock Movers:

- Abercrombie & Fitch (ANF) shares are up 5.7% in premarket trading after the apparel retailer reported first-quarter adjusted earnings per share that beat and maintained its outlook for the year. The shares are down about 41% this year as of Tuesday’s close, with Citi noting sentiment was negative heading into the print.

-Dick’s Sporting Goods (DKS) shares are down 3.7% after the retailer’s mixed first quarter earnings report. Gross margin trailed expectations, but comparable sales at both Dick’s and Foot Locker segments beat expectations, according to analysts. Foot Locker profitability was also better than expected. 

-Bath & Body Works (BBWI) shares climb 12% premarket after the soap and candle retailer’s first-quarter results came in ahead of consensus estimates, plus second-quarter guidance also matched Street estimates, and full-year guidance was maintained. BBWI also said CFO Eva Boratto will step down from her role effective June 12.

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On this episode of Stock Movers:
- United Airlines (UAL) shares rise. TD Cowen analyst Thomas Fitzgerald raised the target on United Airlines Holdings Inc. to $150 from $142. Maintains buy rating. Investors who followed Fitzgerald's recommendation received a 42% return in the past year, the same as the company's performance.
- JPMorgan Chase (JPM) shares drop. JPMorgan Chase & Co. will probably spend about $1 billion more this year than executives expected just last month, according to Chief Executive Officer Jamie Dimon.
- Boston Scientific (BSX) shares slide as much as 11%, most intraday since March 30, after the company’s CEO mentioned potential near term challenges in its presentation at an industry conference.

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On this episode of Stock Movers:
- Micron (MU) shares rise. Micron Technology Inc.'s market capitalization will more than double over the next 12 months, according to at least one analyst. UBS Group AG boosted its price target for Micron to $1,625, implying a market value of roughly $1.8 trillion.
- Redwire (RDW) shares gain. Shares in rocket, space and satellite communications companies are rallying Wednesday. The sector has advanced since SpaceX filed publicly for what stands to be the largest-ever initial public offering.
- Zscaler (ZS) shares sink. The security software company gave a fourth-quarter revenue forecast that was weaker than expected. It also raised its full-year outlook.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Dick's Sporting Goods (DKS) shares are lower after it forecast earnings per share for the full year of $13.27 to $14.27.
- Lululemon (LULU) is up as it agreed to resolve a long-simmering dispute with founder Chip Wilson by overhauling its board with three new directors. The company will name two of Wilson’s nominees to the board in Laura Gentile, a former ESPN executive, and Marc Maurer, the previous co-chief executive officer of sneaker maker On. A third new director will be announced by Oct. 1.
- Bath and Body Works (BBWI) shares are higher after it reported lower first quarter sales and says it's overhauling its strategy to return to growth. Sales were still better than expected.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Capri Holdings (CPRI) shares are rising after it reported adjusted earnings per share for the fourth quarter that beat the average analyst estimate.
- Apogee Therapeutics (APGE) shares are lower following the results of a drug trial, even though it announced a financing collaboration with Blackstone Life Sciences.
- Zscaler (ZS) is sinking on news the security software company gave a fourth-quarter revenue forecast that was weaker than expected. Evercore downgrades the stock, noting slowing net new customers.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Akzo Nobel has rejected a cash offer from Japanese peer Nippon Paint and US paintmaker Sherwin-Williams and will press on with plans to merge with US firm Axalta Coating Systems.
- Deutsche Lufthansa reassured customers that fuel supply is stable and urged passengers to “absolutely” book summer vacations, an appeal that comes as Europe’s largest airline group depends on peak travel demand to meet its financial goals.
- CVC Capital Partners has divested its 13.8% stake in Naturgy Energy Group after eight years as a key investor in the Spanish utility.

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On this episode of Stock Movers:
- Akzo Nobel has rejected a cash offer from Japanese peer Nippon Paint and US paintmaker Sherwin-Williams and will press on with plans to merge with US firm Axalta Coating Systems Ltd.
- Volvo Cars says it has been granted a specific authorization from the Office of Information and Communications Technology and Services, allowing continued import and sale of connected vehicles in US.
- Capgemini targets 2025 to 2028 3-year revenue CAGR at constant currency of +5.5% to +7.5%, with around 2 points from M&A as part of Capital Markets Day strategy, according to statement.

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Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
-Micron Technology's (MU) market capitalization will more than double over the next 12 months, according to at least one analyst. UBS Group AG boosted its price target for Micron Technology to $1,625, roughly 116% higher than its close on Friday of $751. The new guidance implies a market value of more than $1.8 trillion, larger than the current market capitalization of companies like Meta Platforms Inc., Tesla Inc. and Berkshire Hathaway Inc.

- Shares of Madison Square Garden Sports (MSGS) jump as much as 4.2% to touch a record high intraday after the New York Knicks completed a 4-0 series sweep over the Cleveland Cavaliers to advance to the NBA Finals for the first time since 1999. MSGS shares are up 41% this year, on pace for a record annual return

-Marvell Technology (MRVL) first-quarter results are expected to modestly top consensus as AI-driven data-center demand supports continued strength in optics and switching. Investors will keep an eye on whether the company reiterates its recently boosted full year outlook and maintains confidence that interconnect growth can outpace broader cloud spending, Bloomberg Intelligence said.

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