Episodi
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On this edition of Stock Movers:
- Dollar Tree (DLTR) shares dropped as the company warns that its second-quarter profit may be down 50% from a year ago due to tariff-related costs, including 145% levies on some products from China. The retailer said the timing of expenses will weigh on adjusted earnings per share, including paying 145% levies on some products from China. The chain then expects profit to “re-accelerate” in the remainder of the year.
- ON Semiconductor (ON) shares jumped after the chip maker's CEO Hassane El-Khoury stressed that things would only improve following a mixed first-quarter print.
- CrowdStrike (CRWD) shares fell after US officials have asked for information related to the accounting of deals it’s made with some customers and said the cybersecurity firm is cooperating with the inquiry. The Austin, Texas-based company said in a filing Wednesday that it has gotten “requests for information” from the US Department of Justice and the Securities and Exchange Commission “relating to the company’s recognition of revenue and reporting of ARR for transactions with certain customers.” ARR refers to annual recurring revenue, a measure of earnings from subscriptions.See omnystudio.com/listener for privacy information.
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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, David Gura and Emily Graffeo.
- Netflix (NFLX) shares rose after UBS raises its prices target on the streaming-video company to among the highest on Wall Street. UBS analyst John Hodulik says, "“Secular trends and competitive dynamics remain supportive of Netflix’s ability to drive stronger monetization and operating leverage."
- Meta (META) shares are still riding high after it reached its big deal to buy nuclear power from Constellation Energy. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to buy 1,121 megawatts from the Clinton plant starting in mid-2027, when a state subsidy expires, according to a statement Tuesday. Constellation, the biggest US nuclear operator, and Meta didn’t provide financial details. Under the deal, Constellation will invest in boosting Clinton’s output. The company is also considering plans to build another reactor at Clinton, which already has federal approval for a second unit. The Meta deal marks a significant turnaround for the Clinton plant, which has enough to power about 1 million homes. Then-owner Exelon Corp. had threatened to close the site in 2017 as nuclear operators around the US struggled to compete with cheap natural gas and renewables. The company changed course after Illinois approved a 10-year subsidy.
- CrowdStrike (CRWD) shares fell after the cybersecurity company projected revenue for the current period that trailed estimates, in its first financial update since announcing it would cut about 5% of its global workforce. Sales for the second quarter will be as much as $1.15 billion, the Austin-based company said in a statement Tuesday, missing the average analyst estimate of $1.16 billion. In May, CrowdStrike announced that it would cut about 500 employees as it works toward a goal of generating $10 billion in annual recurring revenue. Its shares dropped at the time as Wall Street questioned whether the company’s move came from a place of weakness or strength. The firm said in a corporate filing at the time that it expected $36 million to $53 million in charges from the job cuts, with most of that coming from paying severance, employee benefits and related costs.See omnystudio.com/listener for privacy information.
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On this edition of Stock Movers:
- K Wave Media (KWM) shares more than tripled after the company said it would sell $500 million of shares to buy and stash bitcoin on its balance sheet.
- Dollar Tree (DLTR) shares are down as the company warned investors that its second-quarter profit could be down as much as 50% from a year ago as it deals with tariff-related costs. The retailer said the timing of expenses will weigh on adjusted earnings per share, including paying 145% levies on some products from China. The chain then expects profit to “re-accelerate” in the remainder of the year.
- CrowdStrike (CRWD) shares fell after the cybersecurity company projected revenue for the current period that trailed estimates, in its first financial update since announcing it would cut about 5% of its global workforce. Sales for the second quarter will be as much as $1.15 billion, the Austin-based company said in a statement Tuesday, missing the average analyst estimate of $1.16 billion.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- CrowdStrike shares (CRWD) fall after the cybersecurity company posted disappointing first-quarter subscription revenue due to an impact from programs related to its post-outage Customer Commitment Package (CCP). Its second-quarter sales forecast also underwhelmed, while an unchanged view on full-year revenue was seen as negative by some analysts. Evecore ISI and Canaccord downgraded the stock.
- Wells Fargo shares (WFC) rise after CEO Charlie Scharf cleared the Federal Reserve's seven-year-old cap on assets, allowing the bank to grow and compete with larger rivals. Scharf, who has spent years cleaning up Wells Fargo's scandals, plans to focus on growth areas such as trading operations, investment banking, credit cards, and wealth management.
- Hewlett Packard Enterprise (HPE) shares gain after the company reported quarterly revenue of $7.63 billion, topping estimates, and expects a reduced impact from tariffs on its business this year.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- CrowdStrike shares (CRWD) fall after the cybersecurity company posted disappointing first-quarter subscription revenue due to an impact from programs related to its post-outage Customer Commitment Package (CCP). Its second-quarter sales forecast also underwhelmed, while an unchanged view on full-year revenue was seen as negative by some analysts. Evecore ISI and Canaccord downgraded the stock.
- Dollar Tree shares (DLTR) fall after warning investors that its second quarter profit could be down as much as 50% from a year ago as it deals with tariff-related costs. The retailer expects profit to "re-accelerate" in the remainder of the year, and is selling its Family Dollar division for about $1 billion to focus on its stronger Dollar Tree chain.
- Snowflake (SNOW) shares rise after UBS raised it to buy from neutral saying the company is early in a multi-year data investment cycle.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Apple (APPL) shares fell in premarket trading after Needham & Co cut its recommendation on the iPhone maker to hold from buy. Analyst Laura Martin downgraded the stock on near-term threats to revenue and EPS growth. "For this stock to work, it must have the catalyst of an iPhone replacement cycle, which we do not foresee in the next 12 months,” Martin wrote.
- Tesla (TSLA) is also lower this morning as vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as Chief Executive Officer Elon Musk pledges to renew his focus on the automaker. The EV maker shipped 61,662 Model 3 sedans and Model Y sport utility vehicles from its Shanghai plant in May, down 15% from the same time last year, according to preliminary data from China’s Passenger Car Association. The group didn’t provide a breakdown of domestic sales and exports.
- Wells Fargo (WSC) shares are higher this morning as the bank was released from a Federal Reserve asset cap that has restricted its size for over seven years. The Fed said Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The removal of the cap marks a major win for CEO Charlie Scharf and allows the bank to pursue growth again, with plans to increase returns and growth in a deliberate manner.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Chart Industries (GLTS) was higher then erased gains this morning after WSJ reported it is expected to combine with Flowserve in a deal that sources say can be announced today. Shareholders of Chart Industries would receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned, according to the Journal.
- Dollar Tree (DLTR) is lower this morning after reporting its first quarter results. Despite reporting solid earnings, investors are concerned about second quarter guidance from the discount retailer. The move comes despite the company saying it expects to mitigate the impact of higher tariffs.
- Wells Fargo (WSC) shares are higher this morning as the bank was released from a Federal Reserve asset cap that has restricted its size for over seven years. The Fed said Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The removal of the cap marks a major win for CEO Charlie Scharf and allows the bank to pursue growth again, with plans to increase returns and growth in a deliberate manner.
- Crowdstrike (CRWD) shares are in decline this morning after the company projected revenue for the current quarter that trailed estimates, with sales expected to be as much as $1.15 billion. The company is facing investigations by US prosecutors and regulators over a $32 million deal with Carahsoft Technology Corp., and is working to generate $10 billion in annual recurring revenue after cutting about 500 employees in May.
See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Remy Cointreau withdrew its long-term sales guidance, blaming tariff policies in America and China and a stunted recovery in the US market.
- China is considering placing an order for hundreds of Airbus aircraft as soon as next month, when European leaders visit Beijing to celebrate the countries’ long-term ties, according to people familiar with the matter.
- Shares of European chipmakers rally on Wednesday after US peer ON Semiconductor said it started to see signs of a broad-based recovery in demand.
See omnystudio.com/listener for privacy information.
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On this edition of Stock Movers:
- Bumble (BMBL) shares fell after JPMorgan downgraded it to underweight from neutral. Analyst Cory Carpenter says shares have rallied over 50% since President Donald Trump’s “Liberation Day” tariff announcements — now above price target.
- Dollar General (DG) shares surged after increasing its annual guidance, helped by luring more higher-income shoppers looking for deals. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.
- Pinterest (PINS) shares rose after JPMorgan raised its rating to overweight from neutral. A diversification of its advertising platform to provide full-funnel capabilities is supporting further revenue upside at the social media firm, says JPMorgan analyst Doug Anmuth. Pinterest is also driving solid user growth, with 85% of its monthly active users coming directly to the mobile app and over 90% of the firm revenue is generated from the app according to analysts.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
Wells Fargo (WFC) finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, unleashing the firm from the unprecedented punishment in a major win for Chief Executive Officer Charlie Scharf. The bank’s shares surged. The Fed said in a statement Tuesday that Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The central bank completed its review of Wells Fargo’s remediation efforts and third-party assessments, as well as its own assessment of the bank’s corporate governance and risk management programs, it said. Broadcom (AVGO) began shipping a new version of its data center switch chips that can boost the efficiency of AI accelerators, aiming to take a bigger role in the booming market for artificial intelligence computing. Shares rose on the news. The company started delivering the Tomahawk 6 switch chips to customers over the weekend, and the product will be broadly available in July, said Ram Velaga, senior vice president and general manager of Broadcom’s Core Switching Group. Switches, a central piece of networking equipment, allow computers to communicate with one another. A single new Tomahawk 6 can do the work of six of the previous versions, Broadcom said. Dollar General (DG) surged after increasing its annual guidance, helped by luring more higher-income shoppers looking for deals. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.
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.See omnystudio.com/listener for privacy information.
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On this edition of Stock Movers:
- Dollar General (DG) surged after increasing its annual guidance following a first quarter that topped projections. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share. “We are pleased with our start to the year,” Chief Executive Officer Todd Vasos said in the earnings release. The company said it’s seeing more higher-income shoppers make purchases, a sign that even wealthy consumers are looking for deals amid weakening sentiment.
- Constellation Energy (CEG) shares are up after it agreed to sell power from an Illinois nuclear plant to Meta Platforms Inc. as artificial intelligence sends power demand soaring. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to buy 1,121 megawatts from the Clinton plant starting in mid-2027, when a state subsidy expires, according to a statement Tuesday. Constellation, the biggest US nuclear operator, and Meta didn’t provide financial details.Under the deal, Constellation will invest in boosting Clinton’s output. The company is also considering plans to build another reactor at Clinton, which already has federal approval for a second unit.
- Broadcom (AVGO) shares are rallying ahead of earnings this week and after it began shipping a new version of its data center switch chips that can boost the efficiency of AI accelerators, aiming to take a bigger role in the booming market for artificial intelligence computing. The company started delivering the Tomahawk 6 switch chips to customers over the weekend, and the product will be broadly available in July, said Ram Velaga, senior vice president and general manager of Broadcom’s Core Switching Group. Switches, a central piece of networking equipment, allow computers to communicate with one another. A single new Tomahawk 6 can do the work of six of the previous versions, Broadcom said.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Dollar General shares (DG) rise after the retailer reported first-quarter profit and sales that topped expectations, and management boosted its comparable sales forecast for the full year, as well as the low end of its EPS target. Despite low-income shoppers feeling squeezed by inflation, Dollar General's sales have continued to increase, and its value-priced offerings may attract more customers during economic downturns.
- Constellation Energy shares (CEG) rise after the company agreed to sell power from an Illinois nuclear plant to Meta Platforms Inc. in a 20-year contract starting in mid-2027. Under the deal, Constellation will invest in boosting the Clinton plant's output, and is also considering plans to build another reactor at the site.
- Lululemon (LULU) shares rise after Piper Sandler raised the target on Lululemon Athletica Inc. to $315 from $280. Maintains neutral rating.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Bumble shares (BMBL) fell on Tuesday after JPMorgan downgrades to underweight from neutral. Analyst Cory Carpenter says shares have rallied over 50% since President Donald Trump’s “Liberation Day” tariff announcements.
- Dollar General shares (DG) rise after the retailer reported first-quarter profit and sales that topped expectations, and management boosted its comparable sales forecast for the full year, as well as the low end of its EPS target. Despite low-income shoppers feeling squeezed by inflation, Dollar General's sales have continued to increase, and its value-priced offerings may attract more customers during economic downturns.
- Pinterest (PINS) gains after JPMorgan raises rating to overweight from neutral. A diversification of its advertising platform to provide full-funnel capabilities is supporting further revenue upside at the social media firm, says analyst Doug Anmuth.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Signet Jewelers (SIG) shares climb 14% in premarket trading after the owner of Kay Jewelers boosted its adjusted earnings per share forecast for the full year, following first-quarter results that was ahead of expectations.
- Nuclear stocks gain in US premarket trading after Constellation Energy (CEG)agreed to sell power from an operating nuclear plant in Illinois to Meta Platforms, an agreement that could lead to the construction of a new reactor at the site.
- Dollar General (DG) slightly increased its annual guidance after the first quarter topped projections. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Constellation Energy (CEG) agreed to sell power from an operating Illinois nuclear plant to Meta Platforms Inc., a deal that could spur construction of a new reactor at the site as artificial intelligence sends power demand soaring. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to buy the output from the Clinton plant starting in mid-2027, when a state subsidy expires, according to a statement Tuesday. Constellation, the biggest US nuclear operator, declined to provide financial details.
- Applied Digital (APDL) shares rise as much as 45% on Monday, in biggest intraday jump since September, after the company entered into two lease agreements with CoreWeave in North Dakota. Shares in CoreWeave climb as much as 11%.
- Credo Technology (CRDO) shares advance 13% in premarket trading after the company reported revenue for the fourth quarter that beat the average analyst estimate.
See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Miners could be on the move Tuesday as base metals fall on concern about China’s economic outlook, as a gauge of the country’s manufacturing activity fell to its lowest level in more than two years.
- UBS shares jump as much as 4.1% after Jefferies upgraded the stock to buy from hold, saying that the bank may be reaching a potential turning point on capital, with some clarity expected this week.
- MJ Gleeson slashed guidance, citing a slow housing market recovery in the UK and planning delays.
See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Boeing (BA) shares are up on word that the Trump administration has been including orders for Boeing planes in trade discussions. That news is helping restore Bank of America’s confidence in the stock. “Boeing aircraft have emerged as a favored trade mechanism in recent US trade negotiations, which we suspect will continue,” Ronald Epstein of Bank of America wrote in a research note. The analyst said deals — including a record order from Qatar Airways — as well as the end of China’s ban on airlines taking delivery of Boeing planes are creating a buying opportunity in shares. Epstein raised the stock to a buy from neutral while boosting the 12-month price target to $260, the highest on Wall Street and about 25% higher than where the stock currently trades, from a target of $185.- General Motors (GM) and Ford (F) shares are slipping after President Donald Trump said Friday that he would increase steel and aluminum tariffs to 50% from 25%. Trump hopes the increased levies will protect margins for domestic mills and spur investment in new production capacity, and shares of US steel and aluminum makers surged in after-hours trading after the announcement on Friday. But construction companies have warned that levies on steel and aluminum — which Trump had already raised from 10% to 25% — will increase the cost of critical building materials.
- Moderna (MRNA) shares are up after the company gained US approval for a new Covid vaccine for a narrower group of people, in the latest sign that regulators are restricting access to immunizations under the leadership of Health and Human Services Secretary Robert F. Kennedy Jr. The company’s second-generation vaccine is cleared for all adults over 65 and anyone over 12 who has at least one risk factor for severe disease, Moderna said in a statement Saturday. Moderna’s Covid shot had previously been approved for people 12 years of age and older regardless of their underlying health.See omnystudio.com/listener for privacy information.
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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, Scarlet Fu, Tim Stenovec and Emily Graffeo.
- Shares of Steel Dynamics (STLD) rose along with other US-based steelmakers as traders continued to react to President Donald Trump's Friday announcement of higher tariffs on steel and aluminum. Trump hopes the increased levies will protect margins for domestic mills and spur investment in new production capacity, and shares of US steel and aluminum makers surged in after-hours trading after the announcement on Friday. But construction companies have warned that levies on steel and aluminum — which Trump had already raised from 10% to 25% — will increase the cost of critical building materials.
- Tesla (TSLA) shares fell on word that new-vehicle registrations plunged to an almost three-year low in France. The automaker sold only 721 cars in May, down 67% from a year earlier, according to French industry association Plateforme Automobile. Tesla’s registrations were the lowest since July 2022, despite the company rolling out a redesigned version of its most popular vehicle, the Model Y. Musk recently denied the need for a plan to improve Tesla’s fortunes, telling Bloomberg News in a May 20 interview that the company had “already turned around.” While the CEO claimed Tesla was seeing sales decline along with every other carmaker in Europe, manufacturers including Volkswagen AG, Renault SA and BMW AG increased deliveries in the first four months of the year.
- Applied Digital (APLD) shares rose as much as 45% today, in its biggest intraday jump since September, after the company enter into two lease agreements with CoreWeave.See omnystudio.com/listener for privacy information.
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-Broadcom (AVGO) is up today ahead of earnings this week. Bloomberg Intelligence analysts are expecting the software giant to post slightly better results and guidance led by strength in AI.
-Moderna (MRNA) share rose after the drugmaker won FDA approval for its second-generation Covid vaccine. The company’s second-generation vaccine is cleared for all adults over 65 and anyone over 12 who has at least one risk factor for severe disease, Moderna said in a statement Saturday. Moderna’s Covid shot had previously been approved for people 12 years of age and older regardless of their underlying health. Vaccine makers have been on high alert to challenges under Kennedy, a longtime critic of immunizations who leads the health agency that oversees the Food and Drug Administration.
- Disney (DIS) shares are lower after it was reported that it would be laying off several hundred employees across its film and TV businesses, cuts that underscore the tough times in Hollywood are far from over. The staff reductions began Monday and are falling on employees in marketing, publicity, casting and development, along with corporate financial operations, according to the company. Hollywood has been in a cost-cutting mode for years, with production and employment in a downward spiral. Disney, based in Burbank, California, announced a retrenchment in February 2023, eliminating 7,000 jobs in a bid to cut expenses by $5.5 billion. The company later increased that target to $7.5 billion. Competitors have also laid off thousands of workers.
See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- BioNTech (BNTX) shares rise after Bristol-Myers Squibb said it will pay BioNTech SE as much as $11.1 billion to license a next-generation cancer drug. The deal includes a $1.5 billion upfront payment, $2 billion in installments through 2028, and up to $7.6 billion in milestone payments, with the partners splitting development and manufacturing costs and profits equally.
- Boeing (BA) shares gain after BofA Global Research upgraded the planemaker to buy from neutral, with analyst Ronald Epstein writing that company’s “aircraft emerged as the favored trade tool for the Trump administration in recent trade deals.”
- Nucor (NUE) shares are up after President Trump's Friday announcement that steel and aluminum tariffs will double to 50% on June 4th.See omnystudio.com/listener for privacy information.
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