GoPro Soars, Morgan Stanley Up, Texas Instruments Falls After Earnings Forecast
On this episode of Stock Movers:
- GoPro (GPRO) shares surge along with Krispy Kreme and Beyond Meat. Wall Street has been captivated in recent days by the resurgence in a handful of stocks popular on the WallStreetBets page of Reddit, known for sparking past bouts of meme-stock mania. Daniela Hathorn, senior market analyst at Capital.com, says the surges have been driven by a mix of social media buzz, short squeezes, and technical breakouts, despite little to no change in the companies’ underlying business fundamentals.
- Morgan Stanley (MS) shares are little changed after news of being probed by the Financial Industry Regulatory Authority over its vetting of clients for the risk of money laundering. That's according to Wall Street Journal reporting.
- Texas Instruments (TXN) shares plunge after the company issued a third-quarter forecast that was more guarded than some investors had anticipated. The main concern is whether tariffs and trade disputes will hurt a sales resurgence, with executives acknowledging they don't know how much of the 16% revenue jump came from tariff-related "pull in."
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