Stock Movers

On this episode of Stock Movers:
- Nvidia (NVDA) shares rise. Nvidia Corp. aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions.
- Intuit (INTU) shares drop. The tax-preparation software company reported its third-quarter results and gave an outlook. It also said it is cutting about 17% of its staff, confirming an earlier Reuters report. The company expects to incur about $320 million in restructuring charges, largely in the current period, and said the job reductions are meant to simplify the organization.
- Ralph Lauren (RL) shares gain. Ralph Lauren Corp. reported revenue and profit that beat analyst expectations, demonstrating momentum with consumers amid tariff uncertainty.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares rise. Nvidia Corp. aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions.
- Elf Beauty (ELF) shares climb. The cosmetics company beat the average analyst estimate on major profit and revenue estimates. Meanwhile, the company forecast adjusted earnings per share for 2027 that fell short of expectations.
- Walmart (WMT) shares drop. Walmart Inc. warned that fuel costs are squeezing the company’s bottom line and could lead to higher prices for shoppers. The company said comparable sales in US stores rose 4.1%, excluding fuel, in the latest quarter, and forecast adjusted profit for the second quarter that missed analysts’ expectations.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Walmart (WMT) shares are on the move after reporting earnings. It reported solid sales growth, with comparable sales in US stores rising, excluding fuel, in the latest quarter. The company's focus on low prices, fast delivery, and wide assortment has helped it gain market share across income levels.
- Intuit (INTU) shares are sinking after the tax-preparation software company reported its third-quarter results and gave an outlook. It also said it is cutting about 17% of its staff, confirming an earlier Reuters report.
- Deere & Co (DE) shares are getting a boost from its construction and forestry segments, helping to offset volatile agriculture markets that continue to crimp farmer spending.

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

On this episode of Stock Movers:
- IBM (IBM) shares are moving on news he Trump administration has agreed to award $2 billion in grants to quantum computing companies, including $1 billion to International Business Machines Corp., the Wall Street Journal said, citing the US Commerce Department.
- Walmart (WMT) shares are on the move after reporting earnings. It reported solid sales growth, with comparable sales in US stores rising, excluding fuel, in the latest quarter. The company's focus on low prices, fast delivery, and wide assortment has helped it gain market share across income levels.
- Nvidia (NVDA) shares are lower despite an earnings blowout. It says it aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Syensqo starts strategic review of its Performance & Care segment, as part of its intention to focus on becoming pure play specialty materials and advanced technologies company today, according to a statement. Shares in the firm gain as much as 5.3%.
- EasyJet shares erase initial losses and gain as much 1.1% after the low-cost airline reported a wider headline pretax loss than expected in the first half, although within the firm’s guided range. The stock had been weak leading into the print, having hit a 2023 low earlier this week.
- Generali shares rose as much as 2.9%, the best performer on the Stoxx 600 Insurance Index, after the Italian insurer reported what analysts say are strong 1Q earnings. Shares are now 7.4% higher YTD.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- QinetiQ shares jump as much as 11%, the biggest daily rise in over a year, after earnings showed a profit beat and a buyback initiative. The British defence tech firm’s stock has now erased losses for the year. Analysts welcomed QinetiQ assessing the strategic fit of its US business and the £200m of share buybacks. 
- EasyJet shares erase initial losses and gain as much 1.1% after the low-cost airline reported a wider headline pretax loss than expected in the first half, although within the firm’s guided range. The stock had been weak leading into the print, having hit a 2023 low earlier this week.
- Generali shares rose as much as 2.9%, the best performer on the Stoxx 600 Insurance Index, after the Italian insurer reported what analysts say are strong 1Q earnings. Shares are now 7.4% higher YTD.

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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:

- Nvidia (NVDA) the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge. Sales in the three months ending in July will be about $91 billion, the company said in a statement late Wednesday. Though analysts estimated $87 billion on average, projections ranged as high as $96 billion, according to data compiled by Bloomberg.

- Intuit (INTU) shares are down 11% in extended trading, after the tax-preparation software company reported its third-quarter results and gave an outlook. It also said it is cutting about 17% of its staff, confirming an earlier Reuters report.

- E.l.f. Beauty (ELF) shares were up 1.7% in extended trading after the cosmetics company beat the average analyst estimate on major profit and revenue estimates. Meanwhile, the company forecast adjusted earnings per share for 2027 that fell short of expectations.

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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, Katie Greifeld, Emily Graffeo and Tim Stenovec.

- TJX (TJX) raised its sales growth expectations for the year as cautious shoppers spend on the lower priced goods at the company’s discount chains. Comparable sales from its stores and e-commerce sites operating at least two years are now seen expanding as much as 4%, the company said in a statement Wednesday, up from previous guidance for an increase of as much as 3%. Analysts had forecast 3.3% growth.

-Constellation Energy (CEG) shares rise 2.2% as analysts see PJM’s accelerated timeline and streamlined reforms for power load growth as beneficial. Constellation's (CEG) and Vistra's (VST) stocks jumped more than 6%, while gains for NRG's stock (NRG) topped 5%. A close around current levels would be the highest in four months for NRG and the highest in a week for Constellation and Vistra.

- Lowe’s (LOW) shares are down 2.1% ahead of the bell after the home improvement retailer reported a slight miss in comp. sales and operating margin, but a small beat in adjusted EPS, a similar result to Home Depot on Tuesday. RBC says reiterated guidance may present concerning targets given a weakening consumer environment. Morgan Stanley does note that Lowe’s has recently narrowed its valuation gap vs Home Depot, but after these 1Q reports, the “gap narrowing may pause.”

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On this episode of Stock Movers:

- Target (TGT) shares fall as much as 6.5% premarket, erasing an earlier gain of about 3%, as executives warn that second-quarter comparisons are the “hardest” of the year. “Notably, in the quarter just ended, we faced the easiest prior year comparison of the year and will be facing the hardest comparison in Q2, a nearly two percentage point difference as we begin lapping last year’s launch of the Nintendo Switch two,” CFO James Lee said on the conference call.

- Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.

- Hasbro (HAS) shares were down more than 7% on Wednesday morning after the company maintained a sales forecast for the year that was on the low end of what analysts expected.The toymaker, home to GI Joe action figures and Magic: The Gathering playing cards, reported that sales in the first quarter rose 13% to $1 billion. Revenue for the company’s games unit rose 26%, was flat in traditional toys and declined in its entertainment business.

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On this episode of Stock Movers:
- Nvidia (NVDA) the world’s most valuable company, will give a much-anticipated update on the state of the artificial intelligence economy when it reports first-quarter results on Wednesday. Sales are estimated to have grown 80% in the period. That's the fastest clip in more than a year.
-Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.
- Lowe's (LOW) shares fall. Lowe’s Cos. reported sales growth in the first quarter that just missed estimates, with comparable sales rising 0.6% during the period. The company kept its full-year outlook unchanged, with earnings per share expected to be between $12.25 to $12.75, and adjusted earnings per share of $3.03 topping Wall Street expectations.

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