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, 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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On this episode of Stock Movers:
- 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 drop. 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.
- TJX (TJX) shares gain. TJX Cos. raised its sales growth expectations for the year as cautious shoppers spend on lower priced goods at the company's discount chains. The company said comparable sales from its stores and e-commerce sites are now seen expanding as much as 4%, up from previous guidance for an increase of as much as 3%.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Toll Brothers (TOL) is rising after the builder reported second-quarter revenue that beat the average analyst estimate. The company also narrowed its deliveries forecast for the full year.
- TJX (TJX) is moving after it raised its sales growth expectations for the year as cautious shoppers spend on the lower priced goods at the company’s discount chains.
- Hasbro (HAS) shares are moving after it reported a jump in profit and revenue in the first quarter, driven by continued strength in its Wizards of the Coast and digital-gaming segment.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Target (TGT) shares are higher after it posted its best comparable sales growth in four years, with comparable sales gaining 5.6% last quarter. Target's strategy, which includes freshening up merchandise and stores and integrating more technology operations, is paying off under new Chief Executive Officer Michael Fiddelke.
- Lowe's (LOW) shares dipped after it reported disappointing sales growth in the first quarter and kept its full-year outlook unchanged, citing a challenging housing environment.
- VF Corp (VFC) shares are higher after the footwear and apparel company said its Vans segment’s Americas direct-to-consumer business returned to growth in the fourth quarter for the first time more than four years. Adjusted operating income was also better than expected.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Marks & Spencer expects annual profit to exceed the level seen before the British fashion and food chain was knocked off course by a cyberattack last year.
- Chancellor of the Exchequer Rachel Reeves has privately proposed voluntary price freezes on food in supermarkets, as the UK government seeks to ease cost of living pressures for struggling Britons.
- ASML and other semiconductor companies await earnings from, the world’s most valuable company and a linchpin of the artificial-intelligence trade.

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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:

- Chewy (CHWY) shares are down as much as 8.8% on Tuesday, hitting their lowest intraday level since May 2024, after the online pet retailer presented at the JPMorgan Technology, Media & Communications Conference. The company provided some cautious commentary during the event, saying that it’s seeing a more “stretched” consumer now than it did at the beginning of the year.

- Costco Wholesale (COST) remains well-positioned to gain market share on its strong value and steady demand for essentials, though higher fuel prices may pressure near-term margins, Oppenheimer said Tuesday in a report. Oppenheimer expects fiscal Q3 earnings of $4.75 a share, trailing the Wall Street consensus of $4.98, as higher fuel costs and a heavier e-commerce and pharmacy mix may outweigh a benefit from inventory accounting. Results are due May 28.

-Crowdstrike (CRWD) shares are edging higher on Tuesday, hitting a new all-time high as buyers lean into fresh bullish analyst commentary.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Euronext shares gain 6.4%, most since July 2023, after the stock market operator reported what analysts say are strong 1Q earnings, driven by better revenues and costs.
- Marks & Spencer expects annual profit to exceed the level seen before the British fashion and food chain was knocked off course by a cyberattack last year.
- CSG NV reported revenue for the first quarter of EU1.54 billion vs. EU1.36 billion y/y.

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

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, Carol Massar and Tim Stenovec.

- Amer Sports (AS) said consumers prioritizing their health and looking for premium products are sustaining demand through an unfavorable economic climate. Amer Sports, home to the Arc’teryx, Salomon and Wilson brands, raised its full-year guidance after first-quarter results beat estimates. Shares rose as much as 8.2% in New York. 

- Cisco (CSCO) shares slipped after Chief Financial Officer Mark Patterson warned that the company would see “ups and downs” with its gross profit margin as it pushes further into AI infrastructure. The company’s move to supply hardware equipment to so-called hyperscalers — the largest data center operators — “comes at a different gross margin play,” he said during a JPMorgan Chase & Co. technology conference.

- Chewy (C) shares slipped in trading on Tuesday, hitting their lowest intraday level since May 2024, after the online pet retailer presented at the JPMorgan Technology, Media & Communications Conference. The company provided some cautious commentary during the event, saying that it’s seeing a more “stretched” consumer now than it did at the beginning of the year.

See omnystudio.com/listener for privacy information.