Stock Movers

On this edition of Stock Movers:

- Apple (APPL) shares declined today after the company introduced its iPhone 17 lineup, adding an all-new skinnier Air design and improving the devices’ durability and camera technology. Apple unveiled the new smartphones at an event with the tagline “awe dropping” from its headquarters in Cupertino, California. Apple also debuted new smartwatches and an updated version of its high-end AirPods. However, analysts didn’t see any major surprises in the event.

- UnitedHealth (UNH) shares jumped after the health insurer said it expects most of its Medicare Advantage members to be in highly rated plans that earn bonus payments next year, a boon for its health insurance business. Preliminary data show about 78% of members will be in plans with at least four stars, the threshold for earning bonus payments, the company said in a filing Tuesday. The star rating system set by Medicare evaluates plans on quality and customer experience, with financial rewards for those that perform well. The preliminary star rating results are “likely better than some investors feared,” JPMorgan analysts led by Lisa Gill wrote in a research note Tuesday.

- Oracle (ORCL) shares surged in extended trading after the company posted a huge jump in bookings in the latest quarter, following a massive deal with OpenAI. Remaining performance obligation, a measure of bookings, were $455 billion at the end of the fiscal first quarter, up from about $138 billion at the end of the prior quarter, Oracle said in a statement Tuesday. Cloud infrastructure revenue increased 55% to $3.3 billion, while analysts anticipated a 53% expansion. Profit, excluding some items, was $1.47 per share compared with the $1.48 average estimate.

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On this episode of Stock Movers:

- Apple (AAPL) introduced its iPhone 17 lineup, adding an all-new skinnier Air design and improving the devices’ durability and camera technology. Apple also debuted new smartwatches and an updated version of its high-end AirPods. Bloomberg previously reported on plans for the iPhone Air and other features. That left few major surprises during the presentation Tuesday, and investors were generally underwhelmed. The stock slipped 1.5% to $234.39 as of 2:20 p.m. in New York. Apple shares had fallen 5% this year through Monday’s close.

- Nebius (NBIS) shares jumped Tuesday after the AI-centric cloud platform company said it will provide Microsoft access to GPU infrastructure capacity at its new data center in Vineland, New Jersey, over five years. The deal is worth as much as $19.4 billion and will provide Microsoft with a dedicated artificial intelligence computing capacity.

- Tourmaline Bio (TRML) will be acquired by Novartis in a deal that values the New York-based biopharmaceutical company at about $1.4 billion on a fully diluted basis. Tourmaline Bio is developing a promising treatment to reduce systemic inflammation, a major driver of cardiovascular disease. 

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On this episode of Stock Movers:
- UnitedHealth (UNH) shares rise after the company said it expects most of its Medicare Advantage members to be in highly rated plans that earn bonus payments next year, a boon for its health insurance business.
- FOX (FOXA) shares drop after Rupert Murdoch and his children resolved a family feud with a settlement that gives Lachlan Murdoch broad control of the media empire.
- Dell shares (DELL) fall after the computer hardware maker said CFO Yvonne McGill is stepping down after two years in the role and will be replaced on an interim basis by David Kennedy.

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On this episode of Stock Movers:
- Anglo American (NGLOY) shares are higher to its highest intraday level in almost seven months following news it is in advanced talks to acquire Canada's Teck Resources Ltd. in a potential purchase that could be announced as early as this week. A combination of the two companies would rank among the biggest ever in the mining industry and mark the culmination of several years of revived dealmaking activity among the largest players
- Nebius (NBIS) jumped in premarket trading after the AI-centric cloud platform company said it will provide Microsoft access to GPU infrastructure capacity at its new data center in Vineland, New Jersey, over five years. Total contract value is $17.4b through 2031, or as much as $19.4b if Microsoft acquires additional services and/or capacity.
- UnitedHealth Group (UNH) is jumping on news it expects most of its Medicare Advantage members to be in highly rated plans that earn bonus payments next year. Preliminary data show about 78% of members will be in plans with at least four stars, the threshold for earning bonus payments. Earning high star ratings is crucial for insurers selling private Medicare Advantage health plans, fueling demand and higher reimbursement from the government for those customers.

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On this episode of Stock Movers:
- Anglo American (NGLOY) shares are higher to its highest intraday level in almost seven months following news it is in advanced talks to acquire Canada's Teck Resources Ltd. in a potential purchase that could be announced as early as this week. A combination of the two companies would rank among the biggest ever in the mining industry and mark the culmination of several years of revived dealmaking activity among the largest players
- Nebius (NBIS) jumped in premarket trading after the AI-centric cloud platform company said it will provide Microsoft access to GPU infrastructure capacity at its new data center in Vineland, New Jersey, over five years. Total contract value is $17.4b through 2031, or as much as $19.4b if Microsoft acquires additional services and/or capacity.
- Dell Technologies (DELL) fell after the computer hardware maker said CFO Yvonne McGill is stepping down after two years in the role and will be replaced on an interim basis by David Kennedy. Analysts are surprised by the announcement and note that it might cause investor concerns ahead of the firm’s key analyst meeting.
- Oracle (ORCL) shares are moving after The Information reported executives are discussing eliminating cash raises and bonuses for employees in 2025, as it aims to cut spending in other areas to boost its AI data center investments. They may offer additional stock grants to make up for cash compensation.Eric Mollo

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On this episode of Stock Movers:
- Anglo American rises as much as 8.5% in London, to its highest intraday level since Feb. 14, after the company agreed to merge with Canada’s Teck Resources, marking one of the biggest mining transactions in more than a decade.

- Monte Paschi has secured a majority stake in Italian lender Mediobanca, cementing a once-unthinkable €16 billion takeover that’s set to reshape Italian finance.

- Saab shares fall as much as 5.7% after Barclays initiated coverage of the Swedish defense company with an underweight rating, saying its stretched valuation and relatively small scale could mean downside to the stock price.

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On this edition of Stock Movers:

- Robinhood (HOOD) and AppLovin (APP) shares surged today after S&P Dow Jones Indices said the stocks would be added to the S&P 500 Index. Emcor Group Inc. (EME) will also be added to the index. The three companies will replace MarketAxess Holdings Inc, Caesars Entertainment Inc. and Enphase Energy Inc. prior to the start of trading on Sept. 22. Robinhood’s entry into the S&P 500 marks a milestone not just for the company but for the investing boom it helped define. Once a symbol of pandemic-era excess, the trading app now oversees billions in customer assets, from options to crypto, proving a durable engine of retail market participation. Shares of Robinhood were up more than 7% in after-hours trading.The milestone underscores how fast retail-driven companies can move from the edge of the financial system to its center, as speculation reshapes markets from meme stocks to digital assets. With its slick interface and zero-commission trades, Robinhood captured a growing share of that flow.

- CVS Health (CVS) shares dipped today after executives during a private investor meeting provided no details about its upcoming quality ratings from the US government and offered no financial guidance. Chief Executive Officer David Joyner and Chief Financial Officer Brian Newman made the remarks in a presentation to investors hosted by Morgan Stanley on Monday, according to a person familiar with the event who asked to remain anonymous discussing what was said. Later in the presentation, one of the executives noted the drop in the stock price and said the company doesn’t give guidance between quarterly earnings calls by policy. The executive said CVS continues to feel positively about its outlook, the person said.

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On this edition of Stock Movers: 

- EchoStar (SATS) shares soared today after Elon Musk's SpaceX agreed to acquire wireless spectrum from the satellite broadband company for about $17 billion, allowing Charlie Ergen’s beleaguered telecommunications company to resolve an overhanging regulatory probe and pay down debt. SpaceX is buying EchoStar’s AWS-4 and H-block spectrum licenses designated for satellite and mobile communications according to a statement Monday, confirming an earlier Bloomberg News report. It will pay as much as $8.5 billion in cash and up to $8.5 billion in SpaceX stock. SpaceX has also agreed to fund a total of about $2 billion in cash interest payments on EchoStar debt through November 2027.

- Robinhood (HOOD) and AppLovin (APP) shares gained today after S&P Dow Jones Indices said the stocks would be added to the S&P 500 Index. Emcor Group Inc. (EME) will also be added to the index. The three companies will replace MarketAxess Holdings Inc, Caesars Entertainment Inc. and Enphase Energy Inc. prior to the start of trading on Sept. 22. Robinhood’s entry into the S&P 500 marks a milestone not just for the company but for the investing boom it helped define. Once a symbol of pandemic-era excess, the trading app now oversees billions in customer assets, from options to crypto, proving a durable engine of retail market participation. Shares of Robinhood were up more than 7% in after-hours trading. The milestone underscores how fast retail-driven companies can move from the edge of the financial system to its center, as speculation reshapes markets from meme stocks to digital assets. With its slick interface and zero-commission trades, Robinhood captured a growing share of that flow.

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On this episode of Stock Movers:
- T-Mobile (TMUS) shares fall after Elon Musk's SpaceX agreed to acquire wireless spectrum from EchoStar for about $17 billion. SpaceX said it is buying EchoStar’s AWS-4 and H-block spectrum licenses designated for satellite and mobile communications.
- UnitedHealth (UNH) after reaffirming adjusted 2025 EPS views. The stock faces a potential resistance zone of $323 to $327 intraday.
- AppLovin (APP) shares rise after S&P Dow Jones Indices said the stock would be added to the S&P 500 Index.

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On this episode of Stock Movers:
- EchoStar (STATS) shares rise after Elon Musk's SpaceX agreed to acquire wireless spectrum from EchoStar for about $17 billion. SpaceX said it is buying EchoStar’s AWS-4 and H-block spectrum licenses designated for satellite and mobile communications.
- PNC (PNC) shares drop after the firm agreed to buy FirstBank Holding for about $4.1 billion to add $26.8 billion in assets and branches in Colorado and Arizona. The transaction is expected to be completed early next year
- Robinhood (HOOD) shares gain after the company was added to the S&P 500. By joining the S&P 500, Robinhood enters the portfolios of index funds, pension plans and retirement accounts across the world.

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On this episode of Stock Movers:
- Robinhood (HOOD) is gaining this morning after S&P Dow Jones Indices said it would be added to the S&P 500 Index. Applovin (APP) is higher this morning as well as it will be added. The stocks will be replacing MarketAxess Holdings, Caesars Entertainment and Enphase Energy; the changes are effective prior to the open of trading on Monday, Sept. 22. Bloomberg Intelligence analyst Neil Sipes says “Robinhood’s addition to the S&P 500 will expand its shareholder base, underscoring its profit progress toward incumbent brokers.”
- Echostar (SATS) shares are rising on news SpaceX agreed to acquire wireless spectrum from EchoStar for about $17 billion in cash and stock. SpaceX is buying EchoStar’s AWS-4 and H-block spectrum licenses and will pay as much as $8.5 billion in cash and up to $8.5 billion in SpaceX stock. The acquisition would allow SpaceX to offer its own direct-to-device offerings more independently, and is expected to resolve inquiries from the US Federal Communications Commission.
- Summit Therapeutics (SMMT) is plunging after the drug developer gave longer-term follow-up data from a global trial of its investigative lung cancer therapy, ivonescimab, that disappointed Wall Street.
- Oracle (ORCL) is higher after its price target was raised at JPMorgan, Morgan Stanley, and Barclays.

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On this episode of Stock Movers:
- Robinhood (HOOD) is gaining this morning after S&P Dow Jones Indices said it would be added to the S&P 500 Index. Applovin (APP) is higher this morning as well as it will be added. The stocks will be replacing MarketAxess Holdings, Caesars Entertainment and Enphase Energy; the changes are effective prior to the open of trading on Monday, Sept. 22. Bloomberg Intelligence analyst Neil Sipes says “Robinhood’s addition to the S&P 500 will expand its shareholder base, underscoring its profit progress toward incumbent brokers.”
- Strategy Inc. (MSTR) is lower after it was not included in the index. There was hope given the climb in Bitcoin would help propel Strategy, which holds supply of Bitcoin, to the index.
- Loandepot (LDI) is soaring to the highest since November after Citron Research hailed the company as a winner from President Donald Trump’s efforts to help the housing market. Interest-rate sensitive homebuilder stocks also outperformed as yields on 10-year Treasuries slid in the wake of softer-than-anticipated jobs data; the S&P composite builder index advanced as much as 3.2%, to the highest since Dec. 4, led by Dream Finders Homes, LGI Homes, Century Communities and Lennar.
- Oracle (ORCL) is higher after its price target was raised at JPMorgan, Morgan Stanley, and Barclays.

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On this episode of Stock Movers:
- M&S shares rise as much as 3.4%, the most in nearly three weeks, after Citi upgraded the British retailer to buy. Analysts cite “an attractive entry point” with the stock trading around 18% below levels before a cyberattack derailed operations earlier this year.
- Phoenix Group reported operating profit for the first half-year that beat the average analyst estimate. The firm will change its name to Standard Life next year as the UK-listed pensions provider looks to boost its appeal to British savers and companies.
- Ryanair shares drop as much as 2.3%, to the lowest since July 18, after Goldman Sachs cuts the stock to neutral from buy, saying previous catalysts have played out.

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On this episode of Stock Movers:

- Western Digital (WDC) rallied to be among the best performers in the S&P 500 this week after Morgan Stanley named the computer hardware and storage company its top pick, saying the shares “remain the most attractive short-and-longer-term investment opportunity in our Hardware coverage.”

- Broadcom (AVGO) had its biggest one-day stock rally since April on news of the chipmaker teaming up with OpenAI to make artificial intelligence accelerators, a lucrative area dominated by Nvidia Corp. As part of the agreement, Broadcom will help design and produce an accelerator chip that will start shipping in 2026. Chief Executive Officer Hock Tan first mentioned the arrangement Thursday without naming the customer. The client was later identified as OpenAI by people familiar with the matter, who asked to remain anonymous because the deal is private. Broadcom’s stock surged 9.4% to $334.89 in New York trading on Friday, adding $135 billion to the company’s market value.

- Lululemon (LULU)'s rough year continued as the once fast-growing apparel chain slashed its outlook on weakening demand and the Trump administration’s tougher trade policies. The retailer’s shares tumbled in Friday trading, deepening a decline this year that had already erased $22 billion in market value. The Vancouver-based company warned Thursday that it will take a $240 million hit from President Donald Trump’s decision to end the de minimis exemption. The policy had helped Lululemon ship many of its US e-commerce orders under $800 duty-free from Canada.

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On this episode of Stock Movers:

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- Tesla (TSLA) proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion, a massive package without precedent in corporate America. The long-awaited proposal, designed to incentivize Musk to lead Tesla for years to come, sets a series of ambitious benchmarks he must meet to earn the full payout, including expanding Tesla’s nascent robotaxi business and growing the company’s market value to at least $8.5 trillion from about $1.1 trillion today. The plan spans 10 years. Shares of Tesla rallied.

- Broadcom (AVGO)s helping OpenAI design and produce an artificial intelligence accelerator that will ship starting in 2026, getting into a lucrative sphere dominated by Nvidia. The news sent Broadcom shares on their biggest intraday rally since April. Broadcom’s stock surged as much as 16% in New York trading on Friday, adding more than $200 billion to the company’s market value. Nvidia’s shares slipped as much as 4.4%, their biggest intraday decline since May.

- Lululemon (LULU) was hit with at least seven analyst downgrades in a single day as analysts say the upscale clothing retailer needs a “strategic pivot.” Shares hit their lowest level since the onset of the pandemic after the company slashed its outlook for both the third quarter and the full year, hurt by weak demand and a stricter trade regime under the Trump administration. The stock fell as much as 20%, touching the level it last traded in March 2020.

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On this episode of Stock Movers:

- Strategy (MSTR) shares rose as Crypto-linked stocks rose with Bitcoin and Ether prices as broader markets gain on hopes that US jobs data on would increase the chances of a Federal Reserve interest rate cut later this month.

- Broadcom (AVGO) shares rose after the company announced they would be helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia Corp.

- Lululemon (LULU) shares tumble after the company slashed its outlook due to weakening demand and the Trump administration's tougher trade policies. The retailer warned it will take a $240 million hit from President Donald Trump's decision to end the de minimis exemption and now projects lower sales for the third quarter.

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On this episode of Stock Movers:
- Strategy (MSTR) shares rose as Crypto-linked stocks rose with Bitcoin and Ether prices as broader markets gain on hopes that US jobs data on would increase the chances of a Federal Reserve interest rate cut later this month.
- Karman Holdings (KRMN) shares rose after Raymond James started coverage on the defense company with a strong-buy rating and Street-high $100 price target.
- Lululemon (LULU) shares fell after the company slashed its outlook due to weakening demand and the Trump administration's tougher trade policies. The retailer warned it will take a $240 million hit from President Donald Trump's decision to end the de minimis exemption and now projects lower sales for the third quarter.

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On this episode of Stock Movers:
- Lululemon (LULU) shares tumble after the company slashed its outlook due to weakening demand and the Trump administration's tougher trade policies. The retailer warned it will take a $240 million hit from President Donald Trump's decision to end the de minimis exemption and now projects lower sales for the third quarter.
- Broadcom (AVGO) shares rose after the company announced they would be helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia Corp.
- Lennar (LEN) shares rose after a weaker-than-expected jobs report prompted traders to fully price a rate cut by the Federal Reserve in less than two weeks.

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On this episode of Stock Movers:
- Tesla (TSLA) shares are higher on news it proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion. The plan sets a series of ambitious benchmarks Musk must meet to earn the full payout, including expanding Tesla’s robotaxi business and growing the company’s market value to at least $8.5 trillion. The additional shares Musk could receive would push his stake in the electric-vehicle maker to at least 25%, according to the terms detailed in Tesla’s proxy filing.
- Broadcom (AVGO) shares rose after the chipmaker is said to be helping OpenAI design and produce an artificial intelligence accelerator from 2026. It also said that its artificial intelligence outlook will improve “significantly” in fiscal 2026, helping allay concerns about slowing growth.
- Nvidia (NVDA) shares are lower on the Broadcom news that it's helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia
- Lululemon (LULU) shares are lower after it slashed its outlook, disappointing investors for a third straight quarter as it struggles to meet high expectations and balance tariff expenses in a difficult consumer environment. The company warned that it will take a $240 million hit from President Trump’s decision to end the de minimis exemption, and lowered its revenue and earnings per share outlook for the full year.

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On this episode of Stock Movers:
- Tesla (TSLA) shares are higher on news it proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion. The plan sets a series of ambitious benchmarks Musk must meet to earn the full payout, including expanding Tesla’s robotaxi business and growing the company’s market value to at least $8.5 trillion. The additional shares Musk could receive would push his stake in the electric-vehicle maker to at least 25%, according to the terms detailed in Tesla’s proxy filing.
- Broadcom (AVGO) shares rose after the chipmaker is said to be helping OpenAI design and produce an artificial intelligence accelerator from 2026. It also said that its artificial intelligence outlook will improve “significantly” in fiscal 2026, helping allay concerns about slowing growth.
- Nvidia (NVDA) shares are lower on the Broadcom news that it's helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia
- Lululemon (LULU) shares are lower after it slashed its outlook, disappointing investors for a third straight quarter as it struggles to meet high expectations and balance tariff expenses in a difficult consumer environment. The company warned that it will take a $240 million hit from President Trump’s decision to end the de minimis exemption, and lowered its revenue and earnings per share outlook for the full year.
- DocuSign (DOCU) is higher this morning after it boosted its billings guidance for the full year; the guidance beat the average analyst estimate. Also, Piper Sandler raised the firm's price target on DocuSign to $90 from $85 and keeps a Neutral rating on the shares.

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On this episode of Stock Movers:
- Temenos shares drop as much as 14%, the most since February 2024, after the Swiss banking software provider dismissed CEO Jean-Pierre Brulard, naming CFO Takis Spiliopoulos as his successor and interim CEO. ZKB says the dismissal adds uncertainty to the investment case.
- Orsted falls as much as 2.2% after the wind farm developer cut its Ebitda excluding items forecast for the full year.
- Hexagon gains as much as 7.4%, the most since July, after the Swedish industrial design and measurement firm announced it would sell its design and engineering (D&E) unit to Cadence Design Systems for €2.7 billion ($3.2 billion).

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On this edition of Stock Movers:

- Broadcom (AVGO) shares slipped after the chip supplier delivered a revenue forecast for the current period that failed to impress some investors, a sign they were anticipating a bigger payoff from the AI boom. Sales will be about $17.4 billion in the fiscal fourth quarter, which runs through October, the company said in a statement Thursday. Analysts had projected $17.05 billion on average, though some estimates topped $18 billion, according to data compiled by Bloomberg. Expectations were high heading into the earnings report. Broadcom shares more than doubled since hitting a low in April, adding about $730 billion to the company’s market value and making them the third-best performer in the Nasdaq 100 Index.

- Lululemon (LULU) shares fell sharply after its latest earnings report showed the yogawear retailer is struggling to pull out of a sales slump after years of rapid growth. The company slashed its outlook, projecting sales in the range of $2.47 billion to $2.5 billion for the third quarter, lower than Wall Street had anticipated. For the full year, Lululemon lowered its earnings per share outlook to $12.77 to $12.97, down from as much as $14.78. The retailer also reduced its outlook for full year net revenue, now expecting it to be between $10.85 billion and $11 billion, down from as much as $11.3 billion projected in the first quarter. Shares of Lululemon fell more than 13% at 4:20 p.m. in New York on Thursday. “We are disappointed with our U.S. business results and aspects of our product execution,” Chief Executive Officer Calvin McDonald said in a statement.

- American Eagle (AEO) shares soared after the apparel company reported higher-than-expected quarterly sales and cited the success of its marketing campaign featuring Sydney Sweeney. “In just six weeks, the campaign has generated unprecedented new customer acquisition,” Chief Marketing Officer Craig Brommers said in a call with analysts. He said the company gained new shoppers in “every single county in the US” and saw sellouts of Sweeney’s signature jeans. “This momentum is national and it is pervasive,” he said.

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On this edition of Stock Movers:

- Salesforce (CRM) shares slumped today after the company projected lackluster quarterly sales growth, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped in the face of competition from emerging AI companies. Revenue will be $10.2 billion to $10.3 billion in the period ending in October, the company said Wednesday in a statement. Analysts, on average, estimated $10.3 billion. Current remaining performance obligations, a measure of bookings, will increase “slightly above” 10%, in line with analysts’ average projections. Investors have been increasingly anxious that incumbent software makers will be outshined by new AI-based vendors. Companies like Salesforce, which make applications that are charged per user, have faced the steepest skepticism because of the view that AI will take over some of the tasks they provide and reduce the workforce of their customers.

- American Eagle (AEO) shares surged after the apparel company reported yesterday higher-than-expected quarterly sales and cited the success of its marketing campaign featuring Sydney Sweeney. “In just six weeks, the campaign has generated unprecedented new customer acquisition,” Chief Marketing Officer Craig Brommers said in a call with analysts. He said the company gained new shoppers in “every single county in the US” and saw sellouts of Sweeney’s signature jeans. "This momentum is national and it is pervasive,” he said. American Eagle shares gained as much as 34% on Thursday, the biggest intraday advance on record. The stock had declined 18% this year through Wednesday’s close. For the quarter ended Aug. 2, American Eagle reported same-store sales down 1%, surpassing the average analyst estimate compiled by Bloomberg. Revenue also outpaced expectations.

- T. Rowe Price (TROW) shares rallied today after Goldman Sachs said it will invest as much as $1 billion in the asset manager. The unusual arrangement means Goldman will use its balance sheet to hold equity in T. Rowe, whose stock has tumbled more than 50% from its 2021 peak. The companies will collaborate on a range of investments for retirement savers and wealthy investors, they said in an emailed statement. Goldman will make “a series of open-market purchases” to amass up to 3.5% of T. Rowe’s stock, potentially making the Wall Street bank one of its five biggest shareholders, according to the statement. It will be Goldman’s only investment in an outside asset management firm. The tie-up is the latest sign that the biggest financial firms are competing hard to win over wealthy Americans and those with 401(k) plans on the merits of private equity, credit and infrastructure strategies.

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On this episode of Stock Movers:

- HP Enterprise (HPE) shares rose after the company released earnings that expected narrower profit margins as it enters the next leg of AI-driven demand. 3Q net revenue at $9.14 billion beating estimates; 4Q adjusted EPS of 56c to 60c in line with forecasts.
- C3 AI (AI) shares slumped after the software company forecast revenue for the second quarter that missed the average analyst estimate. It also named Stephen Ehikian as its new CEO, replacing founder Tom Siebel, who will remain executive chairman.
- American Eagle (AEO) shares surged after the company reported higher-than-expected quarterly sales and cited the success of its marketing campaign featuring Sydney Sweeney. Shortly after news of Kelce’s engagement to pop star and billionaire Taylor Swift broke, American Eagle announced a collaboration with his brand Tru Kolors.

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On this episode of Stock Movers:
- Salesforce (CRM) sales have declined after projected quarterly sales growth that was lackluster, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped. The company's shares fell before markets opened in New York, as investors have been anxious that incumbent software makers will be outshined by new AI-based vendors.
- American Eagle (AEO) shares are higher after the clothing retailer reported better-than-expected 2Q revenue, boosted by demand following its Sydney Sweeney ad campaign. It also gave comparable sales guidance for fiscal 2025.
- Goldman Sachs (GS) will invest as much as $1 billion in T. Rowe Price Group Inc. and team up with the asset manager to sell private-market products to retail investors. The companies will collaborate on a range of investments for retirement savers and wealthy investors, with Goldman making a series of open-market purchases to amass up to 3.5% of T. Rowe’s stock. The partnership is part of a broader trend of financial firms competing to win over wealthy Americans and those with 401(k) plans with private equity, credit and infrastructure strategies.

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On this episode of Stock Movers:
- Salesforce (CRM) sales have declined after projected quarterly sales growth that was lackluster, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped. The company's shares fell before markets opened in New York, as investors have been anxious that incumbent software makers will be outshined by new AI-based vendors.
- Hewlett Packard (HPE) shares are higher after it gave a profit outlook for the current quarter that was in line with expectations, with earnings excluding some items expected to be 87 cents to 97 cents a share. HPE has adjusted to use manufacturing facilities outside of China for almost all of its products sold in North America to cope with the effects of tariffs, and the company has increased some prices.
- American Eagle (AEO) shares are higher after the clothing retailer reported better-than-expected 2Q revenue, boosted by demand following its Sydney Sweeney ad campaign. It also gave comparable sales guidance for fiscal 2025.

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On this episode of Stock Movers:
- Sanofi’s experimental drug for the skin condition atopic dermatitis disappointed investors in a late stage trial, after the benefit of the drug was less than expected.
- Jet2 fell 25%. Trading volume was six times the average for this time of day. The stock reversed the previous session's gain.
- A year after losing its spot in Britain’s blue-chip benchmark, Burberry is returning to the UK’s stock-market elite. The luxury-goods maker, best known for its tartan-plaid trench coats, will rejoin the FTSE 100 Index later this month, index compiler FTSE Russell said Wednesday.

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On this edition of Stock Movers:

- Alphabet (GOOGL) shares hit a record high after Google avoided a breakup after a US judge ruled against the government’s most onerous proposals, including a forced sale of its Chrome browser, another court victory for Big Tech in the biggest antitrust case in three decades. AI models represent a long-term threat to the search industry as chatbots and other generative AI technologies become more advanced and behave more like search engines, Judge Amit Mehta said on Tuesday. Still, the Alphabet Inc. company will have to make some concessions, including sharing online search data with rivals and ending exclusive contracts for distribution. “The emergence of GenAI changed the course of this case,” Mehta wrote in the judgment. The ruling represents a setback for the US government in its bid to curb the power of the biggest US tech companies, falling far short of the most severe remedies sought by antitrust enforcers. The finding follows the Washington-based judge’s ruling last year that Google illegally monopolized the markets for online search and search advertising. Mehta held a three-week hearing in April to determine a fix.

- Apple (APPL) shares are up today. The iPhone maker announced that they are planning to launch its own artificial intelligence-powered web search tool next year, stepping up competition with OpenAI and Perplexity AI Inc. The company is working on a new system — dubbed internally as World Knowledge Answers — that will be integrated into the Siri voice assistant, according to people with knowledge of the matter. Apple has discussed also eventually adding the technology to its Safari web browser and Spotlight, which is used to search from the iPhone home screen. Apple is aiming to release the service, described by some executives as an “answer engine,” in the spring as part of a long-delayed overhaul to Siri, said the people, who asked not to be identified because the plans haven’t been announced. The idea is to make Siri and Apple’s operating systems a place where users can look up information from across the internet — in a similar fashion to ChatGPT, AI Overviews in Google Search and a crop of new apps. The approach will rely on large language models, or LLMs, a key technology underpinning generative AI.

- Salesforce (CRM) shares fell after the company projected lackluster quarterly sales growth, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped amid competition from emerging AI companies. Revenue will be $10.2 billion to $10.3 billion in the period ending in October, the company said Wednesday in a statement. Analysts, on average, estimated $10.3 billion. Current remaining performance obligations, a measure of bookings, will increase “slightly above” 10%, in line with analysts’ average projections. Investors have been increasingly anxious that incumbent software makers will be outshined by new AI-based vendors. Companies like Salesforce, which make applications that are charged per user, have faced the steepest skepticism because of the view that AI will take over some of the tasks they provide and reduce the workforce of their customers.

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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.

- Salesforce (CRM) projected lackluster quarterly sales growth, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped amid competition from emerging AI companies. Revenue will be $10.2 billion to $10.3 billion in the period ending in October, the company said Wednesday in a statement. Analysts, on average, estimated $10.3 billion. Current remaining performance obligations, a measure of bookings, will increase “slightly above” 10%, in line with analysts’ average projections. Shares initially fell in aftermarket trading.

- Google parent Alphabet (GOOG) avoided a breakup after a US judge ruled against the government’s most onerous proposals, including a forced sale of its Chrome browser, another court victory for Big Tech in the biggest antitrust case in three decades. The shares jumped on the news yesterday and continued to rally today, hitting a record high.

- HP (HPE) gave a disappointing earnings forecast for the current period, renewing concerns about tightening margins in the server computer industry. Profit will be 56 cents to 60 cents a share in the October quarter, excluding some items, the company said in a statement Wednesday. The midpoint of that range was short of the 59 cents analysts had projected. HPE predicted sales of $9.7 billion to $10.1 billion, compared with an estimate at the top end of that range. Shares initially fell in afterhours trading.

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On this edition of Stock Movers:

- Alphabet (GOOGL) shares jumped to a record high today after a US judge ruled against the government’s most onerous proposals, including a forced sale of its Chrome browser, another court victory for Big Tech in the biggest antitrust case in three decades. AI models represent a long-term threat to the search industry as chatbots and other generative AI technologies become more advanced and behave more like search engines, Judge Amit Mehta said on Tuesday. Still, the Alphabet Inc. company will have to make some concessions, including sharing online search data with rivals and ending exclusive contracts for distribution. “The emergence of GenAI changed the course of this case,” Mehta wrote in the judgment. The ruling represents a setback for the US government in its bid to curb the power of the biggest US tech companies, falling far short of the most severe remedies sought by antitrust enforcers. The finding follows the Washington-based judge’s ruling last year that Google illegally monopolized the markets for online search and search advertising. Mehta held a three-week hearing in April to determine a fix. 

- Tyson Foods (TSN) shares are down today. The company said its supply chain chief left the company after violating internal rules, marking the second senior executive departure for improper behavior in just over a year. Chief Supply Chain Officer Brady Stewart is departing the US meat giant after taking certain actions that violated its code of conduct, Springdale, Arkansas-based Tyson said in a statement late Tuesday. The company didn’t provide further details on his actions in the statement, and representatives didn’t immediately respond to a request for comment. Tyson also appointed Devin Cole, the head of its poultry business as chief operating officer, with the US meat giant signaling more management changes associated with its succession planning.

- Campbell's (CPB) shares rose today after the food company’s earnings beat estimates as Milano cookies helped its snacks business outperform. Adjusted earnings per share of 62 cents topped the 56-cent estimate. The Pepperidge Farm owner’s organic snack sales declined 2% in the quarter, less than half the rate analysts anticipated. “In cookies, we gained share as we grew consumption during the quarter, outperforming the category through successful innovation launches, most notably our Milano White Chocolate lineup” Chief Executive Officer Mick Beekhuizen said in a statement Wednesday.

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On this episode of Stock Movers:
- Constellation Brands (STZ) shares fall after the alcohol beverage company cut its fiscal 2026 guidance, citing weak consumer demand. President and CEO Bill Newlands noted a more pronounced decline in purchases of high-end beer among Hispanic consumers.
- Lululemon (LULU) shares rise as the company is embarking on a big marketing shift by getting athletes to pull the company out of a sales rut. Ambassadors include American tennis star Frances Tiafoe, who wore Lululemon apparel at the US Open.
- Tesla (TSLA) shares are up after 4 straight sessions of declines. Earlier this week, CEO Elon Musk tried to take the focus away from Tesla's car business and said the company will derive about 80% of its value from Optimus, the robot initiative he first touted four years ago.

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On this episode of Stock Movers:
- Alphabet (GOOG) shares surge after a US judge ruled against the government's proposals to break up Google, including a forced sale of its Chrome browser, in the biggest antitrust case in three decades.
- Dollar Tree (DLTR) shares sink after the company announced that their profit for the current quarter would be little changed, which overshadowed the discount chain boosting its annual outlook.
- Campbell's (CPB) shares rise after the company reported earnings that beat estimates as Milano cookies helped its snacks business outperform.

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On this episode of Stock Movers:
- Macy's (M) shares are getting a big bump from earnings. It raised its annual outlook and reported its best comparable sales growth in 12 quarters. The retailer now expects net sales of as much as $21.45 billion for the fiscal year and lifted its adjusted diluted EPS guidance. Despite the improved outlook, Macy's warned of a more cautious consumer in the second half of the year and quarterly revenue has fallen on an annual basis for 13 quarters in a row.
- Google (GOOG) shares are higher this morning after a court win yesterday. A US judge ruled against the government's proposals to break up Google, including a forced sale of its Chrome browser, in the biggest antitrust case in three decades. Google will have to make some concessions, including sharing online search data with rivals and ending exclusive contracts for distribution, according to the judge's ruling. The ruling is seen as a setback for the US government in its bid to curb the power of Big Tech companies, with Google's shares jumping and the company praising the decision for recognizing the impact of AI on the search industry.
- Starbucks (SBUX) shares are moving as it announces it will launch protein-boosted lattes and cold foam in the US and Canada on Sept. 29 as part of its menu modernization strategy.

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On this episode of Stock Movers:
- Macy's (M) shares are getting a big bump from earnings. It raised its annual outlook and reported its best comparable sales growth in 12 quarters. The retailer now expects net sales of as much as $21.45 billion for the fiscal year and lifted its adjusted diluted EPS guidance. Despite the improved outlook, Macy's warned of a more cautious consumer in the second half of the year and quarterly revenue has fallen on an annual basis for 13 quarters in a row.
- Dollar Tree (DLTR) erased earlier gains after it raised its outlook for 2025 as more consumers look for lower-priced goods. Dollar Tree, now sees net sales in a range of $19.3 billion to $19.5 billion in the current fiscal year, above the previous guidance of as much as $19.1 billion. The retailer’s stock rose about 1% in premarket trading on Wednesday. The company’s shares have climbed more than 48% this year through Tuesday’s close.
- Google (GOOG) shares are higher this morning after a court win yesterday. A US judge ruled against the government's proposals to break up Google, including a forced sale of its Chrome browser, in the biggest antitrust case in three decades. Google will have to make some concessions, including sharing online search data with rivals and ending exclusive contracts for distribution, according to the judge's ruling. The ruling is seen as a setback for the US government in its bid to curb the power of Big Tech companies, with Google's shares jumping and the company praising the decision for recognizing the impact of AI on the search industry.
- Apple (AAPL) shares are higher this morning even though they lost yet another top AI talent to Meta. However, it is gaining on tailwind from a federal judge ruling on Tuesday that Google isn’t required to sell its Chrome web browser. After the ruling, Bank of America analyst Wamsi Mohan raised the firm's price target on Apple (AAPL) to $260 from $250 and keeps a Buy rating on the shares.

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On this episode of Stock Movers:
- Babcock is up on press reports that the UK is in advanced talks to build warships for Denmark and Sweden.
- Adidas gets an upgrade to buy from hold at Jefferies following its “brutal” de-rating, while JPMorgan places the German company on a positive catalyst watch
- M&G falls by as much as 3.8%, the most since April, as the UK asset manager’s first-half adjusted operating profit misses analyst forecasts.

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On this edition of Stock Movers:

- Shares of Google parent Alphabet (GOOG) jumped late Tuesday after a federal judge said Google doesn’t have to sell its popular Chrome web browser in the Justice Department’s landmark antitrust case against the search engine. The ruling allows Google to avoid one of the most severe remedy requests from the US government after the court found the company had an illegal monopoly in the search market. Judge Amit Mehta did bar Google from entering into exclusive contracts for internet search. The finding follows Mehta’s ruling last year that Google illegally monopolized the markets for online search and search advertisements. Mehta held a three-week hearing in April to determine a fix. The order is one of the most monumental court decisions affecting the tech sector in more than a quarter century, and could offer a blueprint for other judges who may end up weighing similar choices in cases against Meta Platforms Inc., Amazon.com Inc. and Apple Inc. In another win for Google, the judge didn’t bar the company from making payments to third parties for default browser placement.

- Apple (AAPL) shares also gained in late trading as a result of the federal judges ruling that Google isn’t required to sell its Chrome web browser. Though Judge Amit Mehta ruled in an antitrust case that Google can’t enter exclusive contracts for internet search, deals that make the search provider a default option in internet browsers are still allowed. “Google is permitted to pay browser developers, like Apple,” he said in the decision. However, the partner company must promote other search engines, offer a different option in various operating systems or in privacy mode, and are allowed to make changes to the default search settings annually, Mehta wrote. “Cutting off payments from Google almost certainly will impose substantial — in some cases, crippling — downstream harms to distribution partners, related markets, and consumers, which counsels against a broad payment ban,” he said. Apple currently favors the Google search engine by giving it the best placement in Safari search bar on computer and mobile devices. Users can opt to switch to Microsoft Corp.’s Bing, DuckDuckGo and other options. Apple also changed its iOS software two years ago to allow the use of a different search engine in private mode.

- Nvidia (NVDA) closed below a key technical level for the first time since May as investors continue to rotate out of the leading maker of artificial intelligence chips. The stock fell 2% to $170.74 on Tuesday, a fourth straight negative session that took it below its 50-day moving average of $171.06. Breaking under this closely watched level is seen as a negative sign of near-term momentum trends.

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• Activist investor Elliott Investment Management has built a stake of about $4 billion in PepsiCo (PEP) with plans to call for changes at the struggling beverage maker. The position makes it one of PepsiCo’s largest investors, the activist said Tuesday in a letter to the company board of directors. PepsiCo said will review Elliott’s perspectives in the context of its growth strategy, which it said is positioned to accelerate growth and deliver long-term value for shareholders. The soda-and-snacks maker has struggled in the face of competitive pressure and changing consumer tastes, with its market value plunging more than 20% from a peak in May 2023.
• Kraft Heinz (KHC) plans to split into two separate companies, one selling Heinz ketchup and other iconic condiments, and the other including slower-growing grocery products. The goal of the split is to give the company's top-performing sauces and spreads more room to run, while allocating reliable cash flow to the slower-growing grocery staples. The separation will occur through a tax-free spinoff, with the two companies' names to be determined later, and is expected to close by the second half of 2026.
• Nvidia Corp. (NVDA) closed below its 50-day moving average of $171.06 for the first time since May as investors rotate out of the leading maker of artificial intelligence chips. The stock fell to $170.74 on Tuesday, a fourth straight negative session, with the next level of support seen at $160, followed by $145. Despite the recent drop, the stock remains up more than 80% off an April low and analysts see upside of more than 20% from current levels.

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On this edition of Stock Movers:

- PepsiCo (PEP) shares jumped today after activist investor Elliott Investment Management has built a stake of about $4 billion in PepsiCo Inc., with plans to call for changes at the struggling beverage maker. The position makes it one of PepsiCo’s largest investors, the activist said Tuesday in a letter to the company board of directors. PepsiCo said will review Elliott’s perspectives in the context of its growth strategy, which it said is positioned to accelerate growth and deliver long-term value for shareholders. The soda-and-snacks maker has struggled in the face of competitive pressure and changing consumer tastes, with its market value plunging more than 20% from a peak in May 2023. In a presentation released Tuesday, Elliott outlined its plans for PepsiCo, which include potentially restructuring its beverage unit and reviewing its snacks offerings.

- Constellation Brands (STZ) shares slumped today after the alcohol beverage company cut its fiscal 2026 guidance, citing weak consumer demand. Peers including Molson Coors, Anheuser-Busch ADRs, Boston Beer and Brown-Forman are also trading lower.

- Kraft Heinz (KHC) shares are sliding today after news broke that the company plans to split into two separate companies, undoing a mega-deal ushered in a decade ago that turned the maker of Kraft Mac & Cheese into one of the largest packaged food sellers in the world. Following the breakup, one company will sell Heinz ketchup, other iconic condiments and boxed meals that comprise its fastest-growing global brands with $15.4 billion in annual sales. The other firm will include slower-growing grocery products, such as Oscar Mayer hot dogs and Lunchables, which currently generate revenue of $10.4 billion.

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On this episode of Stock Movers:
- TSMC (ADRs) drop after the US has revoked Taiwan Semiconductor Manufacturing Co.'s authorization to freely ship essential gear to its main Chinese chipmaking base, potentially curtailing its production capabilities at that older-generation facility.
- PepsiCo (PEP) shares rise after news that Activist investor Elliott Investment Management has built a stake of about $4 billion in PepsiCo Inc., with plans to call for changes at the struggling beverage maker.
- Caterpillar (CAT) shares fall as Wall Street analysts continue to weigh in on the construction and mining equipment manufacturer’s expectations for tariffs to have an even greater impact on its business.

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On this episode of Stock Movers:
- Constellation Brands (STZ) shares slide after the alcohol beverage company cut its fiscal 2026 guidance, citing weak consumer demand, which will hurt inventory rebalancing at the distributor level.
- Elf Beauty (ELF) shares drop after Deutsche Bank downgraded the cosmetics company to hold from buy.
- Frontier Group (ULCC) shares rise after Deutsche Bank raised the recommendation on low-cost carrier to buy from hold saying the firm is best-positioned to benefit from rival Spirit’s bankruptcy.

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On this episode of Stock Movers:
- Kraft Heinz (KHC) shares are down after the company said it will separate into two publicly traded companies in a tax-free spinoff, aiming to simplify operations and boost shareholder value. The transaction is expected to close in the second half of 2026.
- PepsiCo (PEP) are among the most active premarket shares and are rising after the Wall Street Journal reported Elliott Investment Management has taken a significant stake to become the consumer giant's top five active investors excluding index funds.
- Klarna's shares are set to move as its IPO approaches. Klarna and some of its shareholders are seeking to raise as much as $1.27 billion as the financial-technology company revives a New York initial public offering. The company and some of its backers are offering 34.3 million shares for $35 to $37 apiece, with the IPO expected to price Sept. 9. Klarna plans to sell 5.6 million shares in the offering, and selling holders are set to offer 28.8 million shares, with the company aiming to list on the New York Stock Exchange under the symbol KLAR.

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On this episode of Stock Movers:
- Kraft Heinz (KHC) shares are moving after the company said it will separate into two publicly traded companies in a tax-free spinoff, aiming to simplify operations and boost shareholder value. The transaction is expected to close in the second half of 2026.
- Nvidia (NVDA) shares are down in the premarket. While there's no clear catalyst for the dip, fears over AI development in China and geopolitical and trade uncertainty could all weigh on the stock.
- Air Lease Corp (AL) is moving on news the aviation finance firm built by industry pioneer Steven Udvar-Hazy, agreed to a $7.4 billion sale to a group led by Sumitomo Corp. and rival SMBC Aviation Capital. SShareholders of Los Angeles-based Air Lease will receive $65 a share in cash from the buyers, backed by entities affiliated with Apollo managed funds and Brookfield, according to a statement Tuesday.
- Frontier Group (ULCC) jumped in the premarket after Deutsche Bank raised the recommendation on low-cost carrier to buy from hold saying the firm is best-positioned to benefit from rival Spirit’s bankruptcy.
- Tesla (TSLA) shares are also lower as world leaders in Asia meet in Beijing amid concern over US tariffs. President Vladimir Putin appears to have secured a diplomatic win with a massive pipeline deal that would tie Russia and China together for decades and could redefine the global gas trade.

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On this episode of Stock Movers:
- Nestlé dismissed Chief Executive Officer Laurent Freixe after only a year due to an undisclosed workplace affair, extending the management turmoil at the world’s biggest food company that’s known for its conservative corporate culture. Nestlé shares fell as much as 3.6% in early Zurich trading on Tuesday, and they’re down 19% over the past 12 months.
- The profit expectations for British American Tobacco’s new category businesses are “seriously overblown,” RBC writes in note as downgrades to underperform from sector perform. The stock declines as much as 2.8%.
- HSBC analyst Erwan Rambourg raised the recommendation on LVMH Moet Hennessy Louis Vuitton SE to buy from hold. LVMH shares rose as much as 3%.

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On this episode of Stock Movers:
- Defence stocks Rolls-Royce and BAE Systems are helping provide a sizeable boost to the FTSE 100 as trading gets underway.Norway has picked the UK as the supplier of frigates for its navy, in what would be the biggest ever investment in the Nordic country’s defense. It would also support 4,000 jobs in the UK, more than half of them at BAE Systems' Glasgow shipyards.
- The growth outlook for Tesco remains intact, JPMorgan writes in note as it places the retailer on a positive catalyst watch ahead of first-half earnings on Oct. 2.
- Orsted shares gain as much as 4.7% after Equinor decided to support the proposal to strengthen the offshore wind company’s balance sheet. Meanwhile, BofA cut its price target on Orsted to a new street low citing US uncertainty.

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On the edition of Stock Movers:
- Wynn Resorts (WYNN) was among the week's biggest movers. It rose this week after UBS raised its recommendation to buy from neutral, citing growing appreciation for its Al Marjan project.
- eBay (EBAY) shares fell this week as Wall Street anticipated the end of the de minimis tariff exemption. De minimis, a US trade provision dating to the 1930s, which eventually cleared the way for more than a billion small parcels each year, ended Friday. While winners and losers are emerging, the extra time, paperwork and money are gumming up the gears of global e-commerce and adding a fresh layer of confusion in President Donald Trump’s reordering of international trade. The value of goods subject to the “de minimis” tariff exemption — from Latin meaning “too small to matter” — has been $800 since 2016, very generous by global standards. The number of small packages entering the US duty-free exploded to nearly 1.4 billion last year, a 600% increase over the prior decade, according to US Customs and Border Protection. An estimated three-quarters or more came from China, with a big share from SheIn Group and Temu.
- Nvidia (NVDA) was one of Wall Street's biggest stories this week. The the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion.

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On this episode of Stock Movers:
- Kraft Heinz (KHC) shares rose after the Wall Street Journal reported it could be announcing a breakup as soon as next week.
- Dell (DELL) shares declined after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins on the powerful machines that fell short of analysts’ estimates. The need for computing to run AI tools has led to a sales boom for makers of high-powered servers like Dell, Super Micro Computer Inc. and Hewlett Packard Enterprise Co. Investors have been concerned about the profitability of AI servers, however, which depend on expensive processors from companies such as Nvidia and Advanced Micro Devices. 
- Caterpillar (CAT) shares sunk after it warned investors it now expects tariffs to have an even greater impact on its business, costing as much as near $2 billion this year. The company is one of the world’s biggest makers of machinery for mining and construction. Tariffs already took a bite out of Caterpillar’s second-quarter results, with costs coming in at the top end of its estimated range disclosed in April.

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Alibaba ADRs (BABA) rose after the Chinese e-commerce giant reported a surge in revenue from China’s AI boom, helping offset a surprise drop in profit.

Caterpillar (CAT) shares fell after the industrial giant warned that it faces a larger-than-anticipated tariff headwind of as much as $1.8 billion this year.

Dell Technologies (DELL) shares down after the computer hardware and server company reported results that showed weakness in margins.

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On this episode of Stock Movers:

- Dell (DELL) shares fell after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates.
- Caterpillar (CAT) shares sink after the company warned investors that tariffs are now expected to have an even greater impact on its business, costing it as much as $1.8 billion this year.

- Ulta (ULTA) shares fell after the company warned of a potential pullback by consumers. This offset the company’s move to boost its comparable sales forecast for the full year.

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On this episode of Stock Movers:
- Autodesk (ADSK) is soaring after the software company reported second-quarter results that beat expectations and raised its full-year forecast on key metrics. Citi's research team wrote "this was “one of the strongest revenue/billings beat in years,” and reflects “signs of reaccelerating growth and faster profitability expansion.”
- Dell Technologies (DELL) is lower despite beating estimates after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates. Dell booked $5.6 billion of AI server orders in the fiscal second quarter, which ended Aug. 1, down from $12.1 billion in the previous period, and the operating margin in Dell’s infrastructure unit was 8.8%, lower than analysts’ estimates of 10.3%.
- Caterpillar (CAT) is lower after the industrial giant warned that it faces a larger-than-previously-anticipated tariff headwind. It now expects additional clarifications and tariffs announced since its second-quarter earnings release will have a net impact of about $500m to $600m for the third quarter, and about $1.5b to $1.8b for 2025.
- Affirm (AFRM) shares are rallying after the financial technology company reported fourth-quarter results that beat expectations and gave an outlook that is seen as strong.

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On this episode of Stock Movers:
- Autodesk (ADSK) is soaring after the software company reported second-quarter results that beat expectations and raised its full-year forecast on key metrics. Citi's research team wrote "this was “one of the strongest revenue/billings beat in years,” and reflects “signs of reaccelerating growth and faster profitability expansion.”
- Dell Technologies (DELL) is lower despite beating estimates after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates. Dell booked $5.6 billion of AI server orders in the fiscal second quarter, which ended Aug. 1, down from $12.1 billion in the previous period, and the operating margin in Dell’s infrastructure unit was 8.8%, lower than analysts’ estimates of 10.3%.
- Caterpillar (CAT) is lower after the industrial giant warned that it faces a larger-than-previously-anticipated tariff headwind. It now expects additional clarifications and tariffs announced since its second-quarter earnings release will have a net impact of about $500m to $600m for the third quarter, and about $1.5b to $1.8b for 2025.
- Petco (WOOF) is higher this morning after the US pet food maker gave 3Q guidance that topped expectations and nudged up its outlook for 2026.

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