Stock Movers

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, Carol Massar and Tim Stenovec.

- Qualcomm (QCOM) rises as investors focused on the growing market for agentic AI smartphones and the company's expanding automotive partnerships, even as broader tech markets weakened. Plus news that it has expanded their multi-year collaboration to integrate Snapdragon Digital Chassis system-on-chips across next-generation Stellantis vehicles

- Shares of technology hardware and server companies are rallying on Friday, with the group extending recent momentum as investors continue to see strong AI tailwinds for the sector. Dell (DELL) Technologies shares gained as much as 17% on Friday, hitting an intraday record

-BJ’s Wholesale (BJ) shares fall as much as 8.7%, to the lowest intraday since November 2024, after the retailer commented on a conference call about the health of its consumers. As for the quarterly results, adjusted EPS topped the consensus estimate, though comparable sales growth of just 1.5% narrowly trailed the +1.6% estimate. Annual guidance was maintained.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Uber (UBER) shares fall on news the rideshare company is exploring options for a full takeover of Delivery Hero according to people familiar with the matter. The move ould help it better compete with DoorDash outside the US. 

- IMAX Corp. (IMAX) shares jumped after the Wall Street Journal reported the large-screen theater company is exploring a sale and has approached entertainment companies as potential buyers.

- Lenovo (LNVGY) ADRs soar on AI infrastructure expansion, according to Citi analysts, citing details from the company’s earnings call.

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On this episode of Stock Movers:
- Estee Lauder (EL) shares gain. The US beauty company and Spanish firm Puig confirmed talks about a potential business combination have ended. Analysts cite several reasons for the positive reaction to the termination of talks, including “aversion to large deals,” integration risk/potential dilution to shareholders, as well as distraction to core business and its Beauty Reimagined strategic plan. Some analysts see better M&A opportunities in fragrance, or in masstige/mass segments.
- Imax (IMAX) shares jump. The Wall Street Journal reported the large-screen theater company is exploring a sale and has approached entertainment companies as potential buyers. The sale process is in early stages and may not result in a deal, the report states, citing people familiar with the situation
- Denali Therapeutics (DNLI) shares slide. The drug developer said a mid-stage study of an experimental therapy for Parkinson’s disease, with partner Biogen, did not meet its primary or secondary endpoints.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Estee Lauder (EL) share are climbing following collapse of a proposed combination with Puig Brands that would have created one of the world’s largest fragrance and skincare companies.
- IMAX Corp. (IMAX) shares jumped after the Wall Street Journal reported the large-screen theater company is exploring a sale and has approached entertainment companies as potential buyers.
- Ross Stores (ROST) shares are up after the off-price retailer boosted its comparable sales forecast for the full year. The firm also posted better-than-expected sales for the first quarter.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- BJ's Wholesale (BJ) shares are moving after it reported adjusted earnings per share for the first quarter that beat the average analyst estimate.

- Tiger Brokers (TIGR) is sliding as China’s securities regulator plans to penalize Futu Holdings Ltd., UP Fintech Holding Ltd.’s Tiger Brokers and Longbridge Securities Ltd. for operating on the mainland without a license, marking a sharp escalation in a yearslong campaign against illicit cross-border brokerages.

- Estee Lauder (EL) share are climbing following collapse of a proposed combination with Puig Brands that would have created one of the world’s largest fragrance and skincare companies. 

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Richemont gains 2.30% after the Cartier owner reported sales at constant exchange rates for the full year that beat the average analyst estimate. The Swiss luxury group’s earnings print is commended by analysts for its resiliency despite substantial Middle East exposure.

- Puig plunged on Friday following the collapse of a proposed combination with Estee Lauder Cos. that would have created one of the world’s largest fragrance and skincare companies.

- Julius Baer saw client inflows slow for the first four months of the year, with the bank’s continued de-risking efforts weighing on the Swiss wealth manager’s growth aspirations. A number of analysts described the numbers as “disappointing,” and shares were down as much as 9.25% in early trading in Zurich.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Richemont gains 2.30% after the Cartier owner reported sales at constant exchange rates for the full year that beat the average analyst estimate. The Swiss luxury group’s earnings print is commended by analysts for its resiliency despite substantial Middle East exposure.

- Puig  plunged on Friday following the collapse of a proposed combination with Estee Lauder Cos. that would have created one of the world’s largest fragrance and skincare companies. 

- “Sector blues” are set to return for European chemicals, JPMorgan writes in a note downgrading Arkema, Evonik and IMCD to underweight, cutting Lanxess to neutral, and upgrading Clariant to overweight.

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

On this episode of Stock Movers:
- Estee Lauder (EL) and Spanish company Puig Brands SA have walked away from a multibillion-dollar deal that would have created one of the world’s largest beauty businesses. The two companies had confirmed talks of a potential business combination in March without disclosing any terms. On Thursday, they each issued statements saying those discussions had ended, but neither elaborated on the reason. Combined, the companies would have had a market cap of nearly $39 billion based on closing prices Thursday, with annual sales of around $20 billion in 2025.

- Deckers (DECK) Outdoor shares are up 4.3% in postmarket trading Thursday after the parent company of both Ugg and Hoka reported revenue for the fourth quarter that beat the average analyst estimate. The company also provided net sales guidance for 2027 ahead of consensus.

- Intuit (INTU) suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated. The job reductions, which will affect about 3,000 workers, will trim costs while the financial software company invests in artificial intelligence products. They’re meant to simplify the organization and turn it into a “faster, leaner, more focused company,” Intuit said Wednesday in a statement that included fiscal third-quarter results.

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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, Isabelle Lee, Emily Graffeo and Tim Stenovec.

- The Trump administration has agreed to award $1 billion to International Business Machines (IBM) to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry. The news sent shares of IBM up as much as 11% in New York on Thursday, marking the biggest intraday gain in more than a year.

- Ralph Lauren (RL) surged after it reported revenue and profit that beat analyst expectations, demonstrating the high-end apparel company’s momentum with consumers in the face of ongoing tariff uncertainty. Shares rose 10%, the most intraday since April 2025, at 10:18 a.m. in Thursday trading in New York. The stock has declined 6.9% for the year through Wednesday’s close.

-Walmart (WMT) shares are down 2.9% ahead of the bell after the retailer’s forecast for adjusted earnings per share for the second quarter fell short of the consensus estimate. The company maintained its annual forecasts, though the Street estimate for adjusted EPS sits 7c above the top end of the guidance range.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Ralph Lauren (RL) surged after it reported revenue and profit that beat analyst expectations, demonstrating the high-end apparel company’s momentum with consumers in the face of ongoing tariff uncertainty. Shares rose 10%, the most intraday since April 2025, at 10:18 a.m. in Thursday trading in New York. The stock has declined 6.9% for the year through Wednesday’s close.

-Walmart (WMT) shares are down 2.9% ahead of the bell after the retailer’s forecast for adjusted earnings per share for the second quarter fell short of the consensus estimate. The company maintained its annual forecasts, though the Street estimate for adjusted EPS sits 7c above the top end of the guidance range.

- Deere (DE) shares fall as much as 7.2%, the most since August, after the company said it still expects a deep slump in the large agriculture machinery sector in the US and Canada this fiscal year, while conditions in South America will be worse than it previously saw. Analysts point out that a profit beat in the second quarter appeared to be fueled by tariff refunds.

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