Stock Movers

On this edition of Stock Movers:

- NIQ Global Intelligence (NIQ) shares slumped 3.6% after the company raised $1.05 billion in an initial public offering. Shares of the consumer intelligence data firm opened at $20.25 each on Wednesday as of 12:43 p.m. in New York, versus an IPO price of $21 apiece. The offering of 50 million shares was marketed in a range of $20 to $24 each. The trading gives the former consumer intelligence unit of Nielsen Holdings a market value of nearly $6 billion based on the outstanding shares listed in its filings.

- Baker Hughes (BKR) shares stock surged after the company reported second quarter earnings that beat consensus estimates.

- Otis Worldwide (OTIS) shares are down today as the elevator manufacturer cut its forecast for full-year sales and free cash flow after second quarter sales missed expectations. “We did not expect the company to reduce operational guidance by this much,” JPMorgan analyst Steve Tusa writes. Second-quarter sales disappointed, hurt by a decrease in new equipment sales in China and the Americas. New equipment sales in the quarter fell 10% from the year-ago period, hurt by China and the Americas; new equipment sales were down more than 20% in China.

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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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On this episode of Stock Movers:
- Hasbro (HAS) shares jump after the toy company reported better-than-expected results for its second quarter, and boosted its full-year forecasts. This comes after after a record quarter for its Magic: The Gathering card game.
- 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."
- Enphase Energy (ENPH) shares fall after the company said it sees the nation’s residential market shrinking 20% next year as tax credits for homeowners end under President Donald Trump’s economic legislation. Analysts at BloombergNEF expect residential solar installations to increase about 13% this year, but see the market shrinking by 35% in 2026.

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On this episode of Stock Movers:
- Toyota (TM) shares are higher after President Trump agreed to a 15% tariff on automobiles imported from Japan, ending months of uncertainty and fueling a rally in shares of Japanese carmakers. The agreement should provide Japan’s automakers with relief and clarity, as they had been bracing for a 25% tariff on all cars and parts imported to the US, according to the text.
- Texas Instruments (TXN) is plunging 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."
- GoPro (GPRO) 1-800-Flowers.com (FLWS) and Krispy Kreme (DNUT) are all soaring in early trading on 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. Hathorn adds, "Krispy Kreme seems to be the latest addition to the frenzy", with no significant news to justify the rally, just "sheer retail momentum".

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On this episode of Stock Movers:
- AT&T (T) is lower even though it posted an earnings beat this morning. AT&T reported second-quarter results that mostly exceeded Wall Street estimates, including faster-than-expected growth in wireless phone subscribers. The company added mobile-phone customers and picked up new customers for its "Internet Air" fixed-wireless offering, topping market expectations. Its competitor Verizon posted poor subscriber numbers earlier.
- GE Vernova (GEV) is higher this morning after it forecast revenue for the full year of high end of $36 billion to $37 billion, saw $36 billion to $37 billion. Positive free cash flow was driven by stronger adjusted EBITDA but decreased y/y due to a nonrecurring arbitration refund received in 2Q24 and lower positive benefit from working capital
- Texas Instruments (TXN) is plunging 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."
- GoPro (GPRO) 1-800-Flowers.com (FLWS) and Krispy Kreme (DNUT) are all soaring in early trading on 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. Hathorn adds, "Krispy Kreme seems to be the latest addition to the frenzy", with no significant news to justify the rally, just "sheer retail momentum".

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On this episode of Stock Movers:   

- UniCredit SpA raised its outlook for full-year profit and shareholder distributions, giving a boost to Chief Executive Officer Andrea Orcel after the failed bid for rival Banco BPM SpA. The Milan-based lender on Wednesday lifted its guidance for profit this year to about €10.5 billion ($12.3 billion), from more than €9.3 billion previously, and said it would reach at least €11 billion by 2027. It plans to return at least €9.5 billion to shareholders in 2025. UniCredit shares rose 3.1% at 9:18 a.m. in Milan, bringing gains this year to 56%.   

- Dassault Aviation shares drop as much as 7%, the most since mid-May, after its first-half sales and profit missed expectations, with the French airplane maker’s private jet unit affected by supply chain issues and the threat of tariffs. Bernstein says that with the stock having recently been near record highs, the market reaction may be “amplified.”   

- SAP SE shares fell after the German software company flagged tariff insecurities and currency fluctuations as a concern even as cloud revenue posted solid growth.Cloud and software revenue increased 11% to €7.97 billion ($9.4 billion) in the period ended June 30, the Walldorf, Germany-based company said Tuesday in a statement. That missed analysts’ average estimate of €7.99 billion, according to data compiled by Bloomberg. SAP shares fell 3.7% to €249.80 at 9:19 a.m. in Frankfurt on Wednesday.

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On this edition of Stock Movers:

- D.R. Horton (DHI) shares rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish. Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020. The builder’s stock had slipped more than 6% this year through Monday’s close. The company’s profit, orders and home closings beat analyst estimates, sending the stock higher.

- Philip Morris (PM) shares fell after shipments of its Zyn nicotine pouches accelerated by less than analysts had expected. Zyn shipments reached 191.3 million cans in the Americas in the second quarter, below expectations. Net revenue also missed estimates, while the company also lowered its outlook for total product shipments, dragged down by cigarettes. Shares of Philip Morris fell as much as 9.8% in New York, their biggest intraday drop since early in the pandemic in March 2020. They had soared 50% so far this year through Monday’s close.

- Northrop Grumman (NOC) shares rose today after the company raised its earnings guidance for the full year after getting a boost from its Sentinel ballistic missile and B-21 bomber programs. The maker of the B-2 bomber, which was used in the recent Iran campaign, now predicts annual profit per share of $25.00 to $25.40. The company also narrowed its full-year revenue forecast to between $42.05 billion and $42.25 billion, according to a statement on Tuesday. Shares of the defense company surged as much as 10% at the open, the most since Oct. 2023Northrop reported adjusted earnings of $8.15 a share for the quarter, while its operating profit was $1.43 billion. That’s better than the $6.80 earnings per share and the $1.18 billion operating profit that analysts had expected.

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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, Carol Massar and Tim Stenovec.

- Texas Instruments (TXI), a key chipmaker for producers of cars and factory equipment, declined in late trading after giving a revenue forecast that fell short of the most bullish estimates. Revenue will be $4.45 billion to $4.8 billion in the third quarter, the company said in a statement Tuesday. Though the average analyst estimate was $4.57 billion, some projections reached $4.8 billion. Profit in the period will be roughly $1.48, the company said, slightly below the average estimate.The outlook raises concern that a resurgence in spending, particularly among automotive and industrial customers, isn’t arriving as quickly as hoped. Many buyers had been holding off on orders while they worked through a stockpile of existing inventory. Texas Instruments also said that its forecast “does not include changes related to recently enacted US tax legislation.” Capital spending, meanwhile, grew more than expected last quarter.

- Lockheed Martin (LMT) shares dropped after it caught investors off guard with $1.6 billion in charges and a possible tax hit that sent its stock tumbling, the latest setback for the defense giant whose popular F-35 jet faces criticism over cost overruns and delays. The company’s shares plunged more than 9% on Tuesday - the biggest drop since January - after the world’s largest defense contractor reported earnings that missed analyst estimates and lowered its outlook for the year. At issue, the company said, were program losses that included a classified aeronautics program, and separate helicopter development efforts for the Canadian and Turkish governments. It also flagged $169 million of charges related to losing out on the US Air Force’s F-47 fighter jet contract that went to Boeing Co., and other newly identified risks. Lockheed also cautioned it faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

- GM (GM) shares slid after it said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.The Detroit-based automaker said Tuesday it earned $2.53 per share on an adjusted basis, above the Bloomberg consensus forecast of $2.33 but short of the $3.06 it made a year ago. GM’s profits also suffered from higher warranty costs and a buildup in inventory of electric vehicles, which are set to lose federal subsidies under Trump’s recently passed budget bill. GM’s results showcase the difficulty automakers face to maintain profits in an environment that newly penalizes globally integrated parts supply chains and cross-border vehicle sales. Even though the automaker beat profit expectations, earnings in its all-important US business suffered from import duties on vehicles made in China, Mexico and South Korea.

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On this edition of Stock Movers:

- D.R. Horton (DHI) shares rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish. Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020. The builder’s stock had slipped more than 6% this year through Monday’s close. The company’s profit, orders and home closings beat analyst estimates, sending the stock higher.

- Lockheed Martin (LMT) shares declined today. This comes after the US defense contractor caught investors off guard with $1.6 billion in charges and a possible tax hit that sent its stock tumbling, the latest setback for the defense giant whose popular F-35 jet faces criticism over cost overruns and delays. The company’s shares plunged more than 9% on Tuesday - the biggest drop since January - after the world’s largest defense contractor reported earnings that missed analyst estimates and lowered its outlook for the year. At issue, the company said, were program losses that included a classified aeronautics program, and separate helicopter development efforts for the Canadian and Turkish governments. It also flagged $169 million of charges related to losing out on the US Air Force’s F-47 fighter jet contract that went to Boeing Co., and other newly identified risks. Lockheed also cautioned it faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

- Kohl's (KSS) shares more than doubled Tuesday, minting it as the newest meme stock, amid an influx of mentions by retail traders on social media. The retailer’s stock price soared as much as 105% when the equity market opened, its largest one-day jump ever, bringing it to $21.39, a level last seen nearly a year ago. The shares were briefly halted for volatility after paring their gains and were up about 36% to more than $14 as of 11:13 a.m. in New York. Before Monday, the shares had been trading in the single digits since March 11. “It’s all social media chatter,” said Steve Sosnick of Interactive Brokers. “Remember that a highlight of the meme stock era was a dose of nostalgia for companies like GameStop and AMC. Social media chatter can become self-fulfilling.” A Kohl’s spokesperson didn’t immediately respond to a Bloomberg News request for comment.

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On this episode of Stock Movers:
Circle Internet Group (CRCL) shares drop after the stablecoin issuer was downgraded to sell from neutral at Compass Point Research & Trading LLC, as it sees more competition for Circle now that the US stablecoin bill has passed.
Opendoor Technologies (OPEN) shares surge. It extended its rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms.
Philip Morris (PM) shares fell after Zyn nicotine pouches shipments accelerated by less than analysts had expected. Citi analyst Simon Hales said "Underlying Zyn consumer off-take trends remain strong" but the volume miss is likely to weigh on the shares.

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On this episode of Stock Movers:
- General Motors (GM) shares fall. GM said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.
- Lockheed Martin (LMT) shares drop. Lockheed Martin Corp. reported second-quarter earnings that fell short of analyst estimates and lowered its outlook for the year after incurring $1.6 billion in charges on a classified program and its Sikorsky helicopter unit.
- Lululemon Athletica (LULU) shares fall as JPMorgan cuts to neutral from overweight citing company-specific conversion rate headwinds and same-store-sales growth constraints in the Americas region.

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On this episode of Stock Movers:
- General Motors (GM) shares are lower after second-quarter profit fell as President Donald Trump’s tariffs on foreign-made vehicles and parts chopped $1.1 billion from adjusted earnings. TThe Detroit-based automaker said Tuesday it earned $2.53 per share on an adjusted basis, above the Bloomberg consensus forecast of $2.33 but short of the $3.06 it made a year ago.
- Coca Cola (KO) is higher on an earnings beat. Comparable EPS came in at $0.87 per share, compared to the estimated $0.83 per share. The company posted second-quarter sales growth that beat Wall Street expectations as consumers continue to pay higher prices for the company’s soft drinks.
- Opendoor Technologies (OPEN) is rising again premarket as the real estate buying Internet platform is serving as the latest surging meme stock. It soared as much as 121% on Monday, extending its rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms.
- NXP Semiconductors (NXPI) shares are sliding after the chipmaker's third-quarter forecast was less bullish than some investors had anticipated. The company's outlook suggests it is still contending with a turbulent industry, particularly in the automotive sector, which accounts for more than half of its revenue.

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On this episode of Stock Movers:
- General Motors (GM) shares are lower after second-quarter profit fell as President Donald Trump’s tariffs on foreign-made vehicles and parts chopped $1.1 billion from adjusted earnings. TThe Detroit-based automaker said Tuesday it earned $2.53 per share on an adjusted basis, above the Bloomberg consensus forecast of $2.33 but short of the $3.06 it made a year ago.
- Coca Cola (KO) is higher on an earnings beat. Comparable EPS came in at $0.87 per share, compared to the estimated $0.83 per share. The company posted second-quarter sales growth that beat Wall Street expectations as consumers continue to pay higher prices for the company’s soft drinks.
- Northrop Grumman (NOC) shares are rising after it raised its earnings guidance for the full year after getting a boost from its Sentinel ballistic missile and B-21 bomber programs. TThe maker of the B-2 bomber that was used in the recent Iran campaign now predicts annual profit per share of $25.00 to $25.40. The company also narrowed its full-year revenue forecast to between $42.05 billion and $42.25 billion, according to a statement on Tuesday.
- RTX (RTX) shares are falling after missing on some headline earnings figures. RTX Corp cut its adjusted earnings per share guidance for the full year; the guidance missed the average analyst estimate.
- Opendoor Technologies (OPEN) is rising again premarket as the real estate buying Internet platform is serving as the latest surging meme stock. It soared as much as 121% on Monday, extending its rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms.

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On this episode of Stock Movers:

- Greencore Group shares jump as much as 9.3%, trading at their highest level since January 2020, after the food manufacturer lifted its profit outlook for the year. Analysts at Jefferies say the firm’s growth is outpacing the wider grocery industry. The update has also lifted Bakkavor to an all—time high, with the firm in the process of being bought by Greencore.

- AkzoNobel shares fall as much as 5.3%, the most since early April, with Morgan Stanley analysts calling it a “disappointing set of results” with pricing/mix coming in below their expectations. AkzoNobel cut its profit forecast for the year, as it factored the impact of currency headwinds into its guidance and warned of ongoing tariff uncertainty.The maker of Dulux paints now expects its 2025 adjusted earnings before interest, taxes, depreciation and amortization to be above €1.48 billion ($1.73 billion), according to a statement Tuesday. The firm previously guided for more than €1.55 billion.

- Weaker demand in the auto and industrial segments could be a drag on sales for Infineon Technologies AG and STMicroelectronics NV. Last week, Renault SA slashed its guidance for this year’s operating margins because of intensifying competition and a decline in the auto market. Stellantis NV on Monday reported a surprise first-half net loss.

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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, Scarlet Fu, Carol Massar and Tim Stenovec.

- Verizon (VZ) shares rallied after it posted second-quarter revenue that surpassed analysts’ estimates and raised its profit outlook, buoyed by wireless price increases and recent tax legislation. Operating revenue was $34.5 billion, up 5.2% from a year earlier, The New York-based carrier said in a statement. Wall Street had been expecting $33.7 billion, on average. Wireless service revenue, which excludes device purchases and upgrades, was $20.9 billion, in line with analysts’ projections. The strong performance, as well as “favorable tax reform,” led Verizon to boost some full-year guidance metrics, including adjusted earnings before interest, tax, depreciation and amortization and free cash flow. CEO Hans Vestberg said Verizon has “momentum and a clear path forward.”

- Opendoor (OPEN) shares were halted for volatility during trading today, jumping as much as 121%, extending its gravity-defying rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms. The stock’s triple-digit surge sent shares soaring to $4.97, well-above the $1 level it was bouncing around for the last few months. While shares in the online platform for buying and selling US real estate since pared their rally — closing around 43% higher — it’s still its sixth straight day of gains. Trading was briefly halted in the afternoon because of volatility. Opendoor has been the subject of chatter among retail traders on social media in recent days after Eric Jackson, founder of Toronto-based hedge fund EMJ Capital made a series of posts on social media platform X encouraging buying. It was listed as the topmost actively traded stock on Stocktwits Monday afternoon, and was being heavily cited by posters on Reddit’s WallStreetBets thread.

- Lululemon (LULU) shares slipped today as the athleisure brand continues to suffer from slowing sales. Lululemon’s core black leggings, which are vital products that rarely are discounted, are piling up at outlet stores, according to Randal Konik, an analyst at Jefferies. That’s an alarming issue for Lululemon, he added, showing erosion in core demand for the brand’s clothes. “We’ve witnessed signals of a brand in decline and see risks to earnings ahead,” Konik said in a note to clients on Thursday. The analyst, a long-time critic of the company’s strategy, has had an underperform rating on Lululemon’s stock since 2022.

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On this edition of Stock Movers: 

- Block (XYZ) shares surged on the new it will join the S&P 500. Jack Dorsey's fintech firm will replace Hess in the benchmark. The changes will go into effect prior to the start of trading on July 23, according to a press release from S&P Dow Jones Indices Friday. Block, formerly known as Square, has evolved from a payments processor into a broader fintech player, offering peer-to-peer transfers, merchant services, and increasingly, consumer lending. Earlier this year, Block’s industrial bank subsidiary Square Financial Services Inc. received approval from the US Federal Deposit Insurance Corp. to begin offering consumer loans directly through the Cash App Borrow product. The company is also integrating Bitcoin payment capabilities into its Square terminals, reflecting Dorsey’s long-standing advocacy for Bitcoin. He remains an influential voice in the digital-asset world, recently sharing open-source coding projects on X.

- Domino's Pizza (DPZ) shares are down. Earlier today, the restaurant operator reported second-quarter comparable sales growth that topped Wall Street expectations. Despite that, after the conference call, analysts weighed in on what might be pressuring the stock. “We think DPZ still has a strong year ahead of it and numbers seem beatable,” while stock reaction may be a function of “positioning, expectations, and broader QSR/pizza concerns,” Morgan Stanley’s Brian Harbour writes.

- Invesco (IVZ) shares are up after after TD Cowen analyst Bill Katz raised the recommendation on the investment management company to buy from hold, calling its move to unlock fee revenue from the QQQ ETF a “game changing event.” The company is also set to report second quarter earnings tomorrow.

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On this edition of Stock Movers:

- Verizon (VZ) posted second-quarter revenue that surpassed analysts’ estimates and raised its profit outlook, buoyed by wireless price increases and recent tax legislation. Operating revenue was $34.5 billion, up 5.2% from a year earlier, The New York-based carrier said in a statement. Wall Street had been expecting $33.7 billion, on average. Wireless service revenue, which excludes device purchases and upgrades, was $20.9 billion, in line with analysts’ projections. The strong performance, as well as “favorable tax reform,” led Verizon to boost some full-year guidance metrics, including adjusted earnings before interest, tax, depreciation and amortization and free cash flow. The shares rose as much as 4.7% Monday in New York, the most since January 2024. They are up 6.2% this year.

- Microsoft (MFST) shares slid after it warned that hackers are actively targeting customers of its document management software SharePoint, with security researchers flagging the risk of potentially widespread breaches around the world. Vulnerabilities in the software have allowed hackers to access file systems and execute code, the US Cybersecurity and Infrastructure Security Agency warned on Sunday. While Microsoft said over the weekend that it had released a new patch for customers to apply to their SharePoint servers “to mitigate active attacks targeting on-premises servers,” the company was still working to roll out others to address ongoing security flaws.

- Block (XYZ) shares surged on the new it will join the S&P 500. Jack Dorsey's fintech firm will replace Hess in the benchmark. The changes will go into effect prior to the start of trading on July 23, according to a press release from S&P Dow Jones Indices Friday. Block, formerly known as Square, has evolved from a payments processor into a broader fintech player, offering peer-to-peer transfers, merchant services, and increasingly, consumer lending. Earlier this year, Block’s industrial bank subsidiary Square Financial Services Inc. received approval from the US Federal Deposit Insurance Corp. to begin offering consumer loans directly through the Cash App Borrow product. The company is also integrating Bitcoin payment capabilities into its Square terminals, reflecting Dorsey’s long-standing advocacy for Bitcoin. He remains an influential voice in the digital-asset world, recently sharing open-source coding projects on X.

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On this episode of Stock Movers:

- Verizon (VZ) shares gain after the company posted second-quarter revenue that surpassed analysts’ estimates and raised its profit outlook, buoyed by wireless price increases and recent tax legislation.

- Dollar Tree (DLTR) shares rise after a couple of bullish analysts’ notes, including an upgrade from Barclays, and a Street-high PT boost from JPMorgan, which also added the retailer to its Analysts Favorites List. 

- Target (TGT) shares dip after Barclays analyst Seth Sigman cut his recommendation on the retailer to underweight from equal-weight. In addition, his analysis points to continued underperformance in both consumables segment and in general merchandise, with trends appearing weakest among Target’s more frequent shoppers.

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On this episode of Stock Movers:
- Microsoft (MSFT) shares fall after the company warned that hackers are actively targeting customers of its document management software SharePoint, with security researchers flagging the risk of potentially widespread breaches around the world.
- Equinix (EQIX) shares rise. Elliott Investment Management has built up its stake in Equinix and is pushing the company to take steps to boost its share price, people with knowledge of the matter said.
- Domino's (DPZ) shares climb after the restaurant operator reported second-quarter comparable sales growth that topped Wall Street expectations.

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On this episode of Stock Movers:
- Verizon (VZ) is getting a lift this morning after the company raised its profit outlook. The company posted second-quarter revenue that surpassed analysts’ estimates, with operating revenue of $34.5 billion, up 5.2% from a year earlier. Verizon raised its profit outlook, citing "favorable tax reform" and strong performance, with Chief Executive Officer Hans Vestberg saying Verizon has "momentum and a clear path forward."
- Stellantis (STLA) is fell to a three-month low after the maker of Fiat, Citroen and Jeep autos reported a preliminary first-half loss of €2.3 billion, due to restructuring expenses, waning sales and the impact of US tariffs. Bloomberg Intelligence analysts said the loss may reflect new CEO Antonio Filosa seeking to get all the bad news out of the way, to provide a low base to build from.
- Domino's (DPZ) is higher as the restaurant operator reported second-quarter comparable sales growth that topped Wall Street expectations.

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On this episode of Stock Movers:
- Verizon (VZ) is getting a lift this morning after the company raised its profit outlook. The company posted second-quarter revenue that surpassed analysts’ estimates, with operating revenue of $34.5 billion, up 5.2% from a year earlier. Verizon raised its profit outlook, citing "favorable tax reform" and strong performance, with Chief Executive Officer Hans Vestberg saying Verizon has "momentum and a clear path forward."
- Stellantis (STLA) is fell to a three-month low after the maker of Fiat, Citroen and Jeep autos reported a preliminary first-half loss of €2.3 billion, due to restructuring expenses, waning sales and the impact of US tariffs. Bloomberg Intelligence analysts said the loss may reflect new CEO Antonio Filosa seeking to get all the bad news out of the way, to provide a low base to build from.
- Domino's (DPZ) is higher as the restaurant operator reported second-quarter comparable sales growth that topped Wall Street expectations.
- Block (XYZ) is surging as it's set to join the S&P 500 index, a milestone that underscores the growing influence of digital payments and crypto in mainstream finance. The fintech firm will replace Hess Corp. in the benchmark, following Chevron Corp.’s acquisition of the energy producer.

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On this episode of Stock Movers:
- Ryanair Holdings Plc net income in the first quarter more than doubled, and the budget airline said it will recover most of the fare drop suffered last year. The stock jumped almost 10% at the open, its biggest gain in almost a month. Before today, shares of the carrier were already up 21% this year, while low-cost rivals EasyJet Plc and Wizz Air Holdings have dropped 11% and 27%, respectively.
- Stellantis NV swung to a €2.3 billion ($2.7 billion) net loss in the first half as restructuring expenses, waning sales and the impact of US tariffs hit the struggling automaker. Car shipments fell 6% in the second quarter amid declines in North America and Europe. Stellantis shares fell 3.8% in Milan. The stock is down around 39% this year.
- Covivio shares rise as much as 3.5%, the most in over three months, after the real estate investment trust raised its earnings outlook for the year. Analysts at Citi said the update supports its buy rating on the stock.

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United Airlines Holdings Inc. said the second half of the year has become more predictable and suggested it may be able to beat its earnings targets after customers resumed booking flights following a tumultuous start to 2025.   

The aviation industry has been whipsawed this year as consumers fret over the fallout from tariffs and inflation, and as disruptions at key airports like Newark Liberty International Airport near New York, a major United hub, deterred customers. Delta Air Lines Inc. said last week that travel in the US is recovering after approval of US President Donald Trump’s tax-cut and spending package and progress in tariff negotiations eased economic uncertainty.   

For more on the state of the US airline industry, Lisa Mateo and Paul Sweeney speak to Bloomberg Intelligence Senior Analyst George Ferguson.

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Wall Street banks were optimistic Donald Trump’s second term would unleash a dealmaking boom. Instead, it’s delivered a trading bonanza.   

First-half trading revenue at the five biggest lenders jumped $10 billion from last year to a record level, with tariffs and tax policy driving a surge of activity across equity, currency and bond markets. Investment-banking revenue, meanwhile, nudged up less than $1 billion, and is still almost 40% below the 2021 peak as that same volatility weighed on merger and IPO volumes.   

For more on earnings results from the world's biggest banks, Tim Stenovec and Katie Greifeld speak with Ken Leon, Director of Equity Research at CFRA.

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On this edition of Stock Movers, we take a look at some of the week's biggest gainers and decliners:

- Palantir (PLTR) shares posted another solid week of gains and is among the best performers of the year so far. Earlier in the week, President Donald Trump unveiled a $70 billion in investments in artificial intelligence and energy in Pennsylvania and hosted an event in Pittsburgh. Palantir CEO Alex Karp was in attendance.
- Citi (C) shares had a good week after delivering earnings. The bank's traders rode the tariff-induced volatility in markets to their best second quarter in five years, with revenue buoyed by record trading volumes in the quarter. Revenue from Citi’s fixed-income trading business soared 20% to $4.3 billion, beating the $3.9 billion predicted by analysts in a Bloomberg survey. Citigroup’s stock traders hauled in $1.6 billion, also surpassing expectations, aided by a surge in prime balances to record levels during the period.
Centene (CNC) shares slid 11% this week. The healthcare company has been under pressure amid changing regulations at the federal level, and since President Donald Trump's sweeping tax and spending bill and its impact on Medicaid.

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- Charles Schwab (SCHW) shares climbed after the company reported second-quarter earnings that topped estimates as client assets hit a new record and trading revenue increased. Schwab posted adjusted earnings per share of $1.14 while total client assets climbed 14% to $10.76 trillion compared to the same period last year, according to a statement. Revenue from client trades also jumped 23% to $952 million. “Retail investors and RIAs continued to turn to Schwab as a trusted partner, opening over 1 million new brokerage accounts,” said Chief Executive Officer Rick Wurster. Daily average revenue trades just narrowly topped analyst forecasts at 7.57 million in a quarter characterized by market turmoil from President Donald Trump’s tariff and policy changes. The firm attracted $73.6 billion in total net new assets, which was below analyst expectations.

- Robinhood (HOOD) shares rose along with the broader crypto space as President Donald Trump signed key crypto legislation into law. The President signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” and delivering a major victory for the digital asset industry. “The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,” Trump said Friday at a White House ceremony. “This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.” The measure sets regulatory rules for US dollar-backed stablecoins, including a requirement for firms to hold dollar-for-dollar reserves in short-term government debt or similar products overseen by state or federal regulators. Advocates see it as allowing for the broader adoption of digital assets in finance.

- Humana (HUM) shares fell after it lost a lawsuit seeking to reverse cuts to its Medicare bonus payments, a blow for the insurer that had hoped the court would restore billions in revenue. A Texas judge ruled in favor of a government motion to dismiss the case, allowing a downgrade of Humana’s Medicare quality ratings that’s set to squeeze the company’s profits in 2026. Humana shares dropped as much as 7.5%. The judge called Humana’s federal court claim “premature” because the company hadn’t exhausted all the administrative procedures over the decision. The lawsuit was dismissed “without prejudice,” which means Humana could file the court case again. “Plaintiffs can seek review, just not until the end of the administrative appeal process,” the judge wrote.

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- Netflix (NFLX) shares are lower today. Netflix reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins. The second quarter is historically slow for Netflix, which typically adds more customers at the beginning and end of the year.
- Lululemon (LULU) shares are lower today following a note from an analyst at Jefferies that said the company is facing slowing sales, fewer store visitors and waning demand for its iconic black leggings. Lululemon’s core black leggings, which are vital products that rarely are discounted, are piling up at outlet stores, the note said.
- 3M (MMM) shares climb after the company raised its profit forecast and beat Wall Street’s estimates for the second quarter as Chief Executive Officer William Brown’s effort to reinvigorate the company gained momentum. Adjusted earnings will be $7.75 to $8 a share this year, including the expected impact of tariffs, the maker of Post-it notes and Ace bandages said. 

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- Hess (HES) and Chevron (CVX) are both higher as Hess Corp. won its arbitration battle with Exxon Mobil Corp., clearing the way for it to be bought by Chevron Corp. The decision is a major victory for Chevron, according to the text, ending a period of strategic limbo that hurt its stock. Exxon Mobil Corp. said it "disagree[s] with the ICC panel's interpretation but respect[s] the arbitration and dispute resolution process", according to a company statement.
- Norfolk Southern (NSC) shares are higher as Union Pacific Corp. (UNP) is exploring an acquisition of Norfolk Southern Corp., according to people familiar with the matter. A deal would merge the No. 1 and No. 5 North American railroads by revenue, companies with a combined market value of almost $200 billion. Union Pacific Chief Executive Officer Jim Vena and Norfolk Southern's chief financial officer Jason Zampi have expressed support for a merger, with Vena saying he thinks it would be beneficial for the country and Zampi noting there would be a lot of benefit.
- Netflix (NFLX) is lower despite its earnings beat. The streaming-video company reported second-quarter results that beat expectations and raised its full-year forecast. The stock has been a strong performer this year, up nearly 50% off an April low. JPMorgan wrote, While Netflix is executing well and boosted its forecast as expected, “the shares need a breather.”
- 3M (MMM) is higher after it raised its profit forecast to $7.75 to $8 a share this year, including the expected impact of tariffs. The company's adjusted second-quarter earnings were $2.16 a share, better than analysts' average estimate of $2.01. Under Chief Executive Officer William Brown, 3M has put measures in place to mitigate tariffs, including shifting production and pricing changes.

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On this episode of Stock Movers:
- Hess (HES) and Chevron (CVX) are both higher as Hess Corp. won its arbitration battle with Exxon Mobil Corp., clearing the way for it to be bought by Chevron Corp. The decision is a major victory for Chevron, according to the text, ending a period of strategic limbo that hurt its stock. Exxon Mobil Corp. said it "disagree[s] with the ICC panel's interpretation but respect[s] the arbitration and dispute resolution process", according to a company statement.
- Netflix (NFLX) is lower despite its earnings beat. The streaming-video company reported second-quarter results that beat expectations and raised its full-year forecast. The stock has been a strong performer this year, up nearly 50% off an April low. JPMorgan wrote, While Netflix is executing well and boosted its forecast as expected, “the shares need a breather.”
- Talen Energy (TLN) is higher as it's buying Caithness Energy's Moxie Freedom Energy Center in Pennsylvania and Caithness and BlackRock's Guernsey Power Station in Ohio for $3.8 billion. Chief Executive Officer Mac McFarland said the plants are "the closest thing to adding another nuclear plant to our portfolio" and that buying them was the fastest and cheapest way to help meet AI needs through this decade.
- 3M (MMM) is higher after it raised its profit forecast to $7.75 to $8 a share this year, including the expected impact of tariffs. The company's adjusted second-quarter earnings were $2.16 a share, better than analysts' average estimate of $2.01. Under Chief Executive Officer William Brown, 3M has put measures in place to mitigate tariffs, including shifting production and pricing changes.

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Burberry’s sales fell less than expected, as the UK fashion brand begins to deliver on its turnaround plan under Chief Executive Officer Joshua Schulman.
Salzgitter slumps as much as 13%, the most since September 2022, after the steelmaker revealed second-quarter Ebitda that came in significantly below consensus expectations. The firm said there is little sign of any real recovery over the second half of the year, and slashed its full-year guidance.
Saab shares soar as much as 13% to hit an all-time high after the defense technology business posted sales above expectations in the second quarter and raised its growth outlook for the full year. The upbeat outlook is also helping to boost other defense names, according to Jefferies.

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- Lucid (LCID) shares soared today as the electric vehicle start up plans to partner with Uber Technologies (UBER) and self-driving tech startup Nuro Inc. to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years.

- Steve Madden (SHOO) shares rose today after Citi upgraded the stock to buy from neutral, saying the footwear maker’s margins are bottoming as fashion trends turn more favorable. “We believe 2Q EPS will mark the low point for SHOO’s margins as they navigate significant tariff pressure this year,” analyst Paul Lejuez writes in a note.

- United Airlines (UAL) shares are flying after CEO Scott Kirby said there was a turning point at the end of June as business travel rebounded. Kirby also said the company likes to keep its outlook conservative.

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- Netflix (NFLX) continues to thrive while rival media companies are unloading assets and cutting costs. The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins. Shares of Netflix were down about 1.5% at 4:10 p.m. New York time in extended trading. The stock has nearly doubled over the past year and the company’s market value tops $500 billion. That makes Netflix worth more than Walt Disney Co., Comcast Corp. and Warner Bros. Discovery Inc. combined.

- United Airlines (UAL) shares were higher today after it said the second half of the year has become more predictable and suggested it may be able to beat its earnings targets after customers returned to booking flights following a tumultuous start to 2025. The company provided a narrower range for its full-year earnings target with a band of $9 to $11, and Chief Executive Officer Scott Kirby called the goal conservative that has potential “upside.” United rose 2.9% to $91.04 before the start of regular trading in New York. Other US carriers also rose. “You can’t stay on the sidelines forever,” Kirby said about travel in a Bloomberg Television and Radio interview. “It was like a light switch at the end of June for business.”

- Pepsi (PEP) shares rose as international growth helped buoy PepsiCo Inc.’s second quarter earnings, as the snacks and beverage giant said it plans to lean into higher-protein offerings and smaller portion sizes. The company, which owns the Gatorade, Lipton and Quaker brands, reported organic sales growth of 2.1% in the second quarter ended June 14, outpacing the average analyst estimate. Earnings per share were $2.12, also higher than market expectations. PepsiCo also maintained its annual outlook.

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- Lucid (LCID) shares soar as the electric vehicle start up plans to partner up with Uber Technologies (UBER) and self-driving tech startup Nuro to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years.

- PepsiCo (PEP) shares are rising after the company reported quarterly earnings and revenue that topped analyst expectations. International growth helped buoy Pepsi's second quarter earnings, as the snacks and beverage giant said it plans to lean into higher-protein offerings and smaller portion sizes. The company, which owns the Gatorade, Lipton and Quaker brands, reported organic sales growth of 2.1% in the second quarter ended June 14, outpacing the average analyst estimate. Earnings per share were $2.12, also higher than market expectations. PepsiCo also maintained its annual outlook.

- Elevance Health (ELV) shares slumped after it cut its profit guidance for the year on higher medical costs in Affordable Care Act plans and lagging reimbursement from Medicaid, the latest in a series of disappointments from health insurers in recent months. The forecast cut comes less than two months after Elevance affirmed its outlook despite rising cost trends. It’s more evidence that insurers are struggling to contain persistent and widespread increases in medical expenses that have blindsided investors.

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On this episode of Stock Movers:
- PepsiCo (PEP) shares rise after international growth helped buoy PepsiCo Inc.’s second quarter earnings, with the company planning to lean into higher-protein offerings and smaller portion sizes.
- United Airlines (UAL) shares gain after the airline said the second half of the year has become more predictable and suggested it may be able to beat its earnings targets after customers returned to booking flights.
- Lucid (LCID) shares jump after news that it's teaming up with Uber and Nuro to launch a robotaxi fleet, with plans to deploy at least 20,000 robotaxis over six years.

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On this episode of Stock Movers:
- Lucid (LCID) shares jump after news that it's teaming up with Uber and Nuro to launch a robotaxi fleet, with plans to deploy at least 20,000 robotaxis over six years.
- Starbucks (SBUX) shares fall as Jeffries cut the recommendation on the chain of coffee shops to underperform from hold. Jeffries wrote that “the stock has surpassed reasonable expectations for improving fundamentals” and the valuation is “unwarranted.”
- Steve Madden (SHOO) shares rise after Citi upgraded the stock to buy from neutral, saying the footwear maker’s margins are bottoming as fashion trends turn more favorable.

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- GE Aerospace (GE) is getting a lift this morning after it boosted its full-year financial guidance and topped Wall Street’s profit estimates for the second quarter after rebounding demand in the aviation market softened the impact of a global trade war. GE Aerospace touted a 30% jump in revenue for its commercial business last quarter, with recent wins including its largest-ever widebody deal to sell more than 400 engines to Qatar Airways.
- United Airlines (UAL) is moving as the carrier cut its adjusted earnings per share forecast for the full year. The airline initially gave dual forecasts for 2025 EPS, seeing profits of up to $13.50 and as low as of $7, assuming a “recessionary” environment.
- Lucid Group Inc. (LCID) shares are soaring on news that Uber is teaming up with Lucid and Nuro to launch a robotaxi fleet, with plans to deploy at least 20,000 of the robotaxis over six years. Uber will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network, and is making separate multi-hundred-million dollar investments in both Lucid and Nuro.

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- PepsiCo (PEP) is rising in the premarket after maintaining its annual outlook and reported sales growth that beat Wall Street estimates, citing strong international growth. PepsiCo Chief Executive Officer Ramon Laguarta said the company's international business momentum continued, while its North America businesses improved their execution and competitiveness.
- GE Aerospace (GE) is getting a lift this morning after it boosted its full-year financial guidance and topped Wall Street’s profit estimates for the second quarter after rebounding demand in the aviation market softened the impact of a global trade war. GE Aerospace touted a 30% jump in revenue for its commercial business last quarter, with recent wins including its largest-ever widebody deal to sell more than 400 engines to Qatar Airways.
- Taiwan Semiconductor (TSMC) is higher after saying 2025 sales to grow by around 30% in USD terms. That came from comments by CEO C. C. Wei t briefing in Taipei. TSMC sees long-term gross margin at 53% and higher achievable.
- United Airlines (UAL) is dropping sd the carrier cut its adjusted earnings per share forecast for the full year. The airline initially gave dual forecasts for 2025 EPS, seeing profits of up to $13.50 and as low as of $7, assuming a “recessionary” environment.

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- ABB Ltd. rallied after the company reported record order intake and profit margins that surpassed views, spurred by rising demand for automation tools and data center-driven investments in electrical grids. Orders surged 16% in the second quarter to $9.79 billion, lifted by a single $600 million deal for process-automation tools in the US, the Zurich-based industrial supplier said Thursday in a statement. ABB shares gained as much as 8.5%, the most intraday in over three months.
- Legrand shares are trading at a record high this morning after jumping as much as 8.4% as the electrical device specialist posted organic growth well ahead of expectations in the second quarter and raised its outlook for the full year. Analysts cited strong demand for data centers in North America.
- Novartis AG slumped after disappointing sales for its key psoriasis drug and the looming retirement of its respected finance chief overshadowed a modest outlook raise. Core operating profit will likely grow by a percentage in the low teens, the Swiss drugmaker said Thursday. New medicines made up for lackluster growth from the psoriasis treatment Cosentyx, which analysts pointed to as a concern. The shares fell as much as 2.8% in early Zurich trading, trimming this year’s gain to about 5%.

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- Johnson & Johnson (JNJ) shares rallied today after the company beat Wall Street’s quarterly sales expectations and raised its full-year outlook, a show of confidence as the pharmaceutical industry faces the dual threats of tariffs and a crackdown on drug pricing. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up.

- Morgan Stanley (MS) shares fell today. That is despite the fact that the bank's stock traders scored their best second quarter on record. This beat comes as the biggest US banks continue to reap the benefits of market volatility tied to President Donald Trump’s policy moves. The firm earned $3.72 billion in equity-trading revenue, a 23% jump from a year ago and ahead of analyst expectations, according to a statement Wednesday. The firm’s closely-watched wealth management unit reeled in $59.2 billion of net new assets in the period, also surpassing predictions. However, Morgan Stanley’s investment-banking fees fell 5% to $1.54 billion, a smaller drop than analysts expected due to a 42% increase in equity underwriting.

- United Natural Foods Inc. (UNFI) shares jumped after the food distributor provided investors with a much anticipated new guidance view — which appears to be better than feared — after a cybersecurity incident last month. The midpoint of the new adjusted Ebitda forecast of $550 million is above the consensus estimate of $543.4 million (at the time of the press release), with the company noting that its forecasts do not reflect the benefit of anticipated insurance proceeds, which are expected to be “adequate for the incident”.

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- Johnson & Johnson (JNJ) shares jumped the most since March 2020 after the pharma giant boosted its sales forecast for the full year. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up. A week earlier, Trump told reporters he would impose tariffs as high as 200% on drug companies if they don’t shift more of their manufacturing to the US over the next year to 18 months.

- Ford (F) shares slid on word it's recalling almost 700,000 vehicles to address a long-running issue over cracking in an auto part that can leak fuel into the engine and cause fires. The action applies to certain Bronco Sport and Escape models from 2020 to 2024, according to documents posted on the National Highway Traffic Safety Administration website. Ford has identified eight instances where cracking in a fuel injector led to a fire under the car’s hood. None of these resulted in injuries.

- United Airlines (UAL) refined its profit outlook for this year after travel rebounded from flight disruptions, trade tensions and fighting in the Middle East conflict.The carrier now expects full-year adjusted earnings of $9 to $11 a share, United said in a statement on Wednesday that included second-quarter results that exceeded analysts’ expectations. The Chicago-based carrier joined Delta Air Lines Inc. in offering an improving view for the year, citing a double-digit acceleration in business demand so far this month compared with the second quarter.

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- Goldman Sachs Group Inc (GS) shares are up after the bank's stock traders posted the largest revenue haul in Wall Street history, as volatility sparked by the Trump administration’s trade war spurred a second straight record quarter for the unit. At $4.3 billion, equity-trading revenue for the second quarter was about $600 million more than what analysts were expecting and $100 million above the first-quarter total, according to a statement Wednesday. That also pushed profit above expectations for the period.

- ASML Holding NV (ASML) shares are sinking after Chief Executive Officer Christophe Fouquet walked back his forecast that sales will grow next year, blaming trade disputes and global tensions. Fouquet, who in October told investors he expected 2026 to be a growth year for the semiconductor industry and ASML, took a more cautious stance on Wednesday when the company reported its second-quarter results.

- Johnson & Johnson (JNJ) shares gained after the company beat Wall Street’s quarterly sales expectations and raised its full-year outlook, a show of confidence as the pharmaceutical industry faces the dual threats of tariffs and a crackdown on drug pricing. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up.

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On this episode of Stock Movers:
- Johnson & Johnson (JNJ) shares rise. The company said 2Q sales were at $23.7 billion, beating expectations. The company also raised its full-year outlook.
- Prologis (PLD) shares gain after the industrial real estate investment trust delivered a beat-and-raise earnings report for the second quarter after raising the midpoint of its core FFO guidance and beating consensus expectations for the second quarter. Evercore ISI calls the results “better than feared.”
- Global Payments (GPN) shares jump after the Financial Times reported that activist hedge fund Elliott Management has built a “sizeable” stake in the company.

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On this episode of Stock Movers:
- Goldman Sachs (GS) shares are lower. Goldman reported its best stock-trading quarter in history with trading revenue at $4.3 billion, about $600 million more than what analysts were expecting.
- Bank of America (BofA) shares are down. The firm reported equity trading revenue at $2.1 billion. That topped expectations but it was slightly softer from the previous quarter.
- Johnson & Johnson (JNJ) shares rise. The company said 2Q sales were at $23.7 billion, beating expectations. The company also raised its full-year outlook.

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On this episode of Stock Movers:
- Bank of America (BAC) shares are popping on the company reporting traders posted a record second quarter, reaping the benefits of volatile markets and net interest income topping analysts' estimates. Revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion, and equity trading rose 9.6% to $2.13 billion, both topping expectations.
- Morgan Stanley (MS) is lower despite the company's stock traders posted their best second quarter on record, earning $3.72 billion in equity-trading revenue, a 23% jump from a year ago. The firm's wealth management unit reeled in $59.2 billion of net new assets in the period, surpassing predictions, and posted $7.76 billion in net revenue, also surpassing analyst forecasts. Morgan Stanley's investment-banking fees fell 5% to $1.54 billion, a smaller drop than analysts expected, due to a 42% increase in equity underwriting, according to a statement Wednesday.
- Goldman Sachs (GS) is higher after stock traders posted the largest revenue haul in Wall Street history, with equity-trading revenue of $4.3 billion for the second quarter. CEO David Solomon: "the economy and markets are generally responding positively to the evolving policy environment," but the firm remains focused on risk management. Goldman Sachs' total management fees in asset and wealth management rose 11% compared to a year earlier, though net revenue dipped slightly to $3.78 billion.
- ASML (ASML) shares are lower after Chief Executive Officer Christophe Fouquet walked back the company’s growth forecast for next year, blaming trade disputes and global tensions. ASML forecast third-quarter net sales between €7.4 billion and €7.9 billion, which is below the average analyst estimate, and expects 15% revenue growth for the year. Lam Research (LRCX) is also lower on the ASML news.

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On this episode of Stock Movers:
- Bank of America (BAC) shares are popping on the company reporting traders posted a record second quarter, reaping the benefits of volatile markets and net interest income topping analysts' estimates. Revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion, and equity trading rose 9.6% to $2.13 billion, both topping expectations.
- ASML (ASML) shares are lower after Chief Executive Officer Christophe Fouquet walked back the company’s growth forecast for next year, blaming trade disputes and global tensions. ASML forecast third-quarter net sales between €7.4 billion and €7.9 billion, which is below the average analyst estimate, and expects 15% revenue growth for the year.
- Lam Research (LRCX) is also lower on the ASML news amid a chip stock selloff. According to Bloomberg Intelligence analysts Masahiro Wakasugi and Takumi Okano, ASML faces a potential downward revision in consensus sales, but there’s a possibility it could report solid sales growth for the year.
- Johnson & Johnson (JNJ) shares are higher as J&J beat Wall Street’s quarterly sales expectations and raised its full-year outlook, showing confidence as the pharmaceutical industry faces threats of tariffs and a crackdown on drug pricing.

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- Renault shares sank the most since 2020 after the French automaker slashed its profitability outlook and named company veteran Duncan Minto interim chief executive officer. Renault shares fell as much as 17%, after the French carmaker issued a profit warning on Tuesday evening, lowering operating margin guidance for this year to around 6.5%, from at least 7% previously. The revised guidance underscores the challenges Renault’s next management team is facing, including muted demand in Europe, mounting trade tensions and the growing competitiveness of Chinese manufacturers led by BYD Co.
- ASML Holding NV Chief Executive Officer Christophe Fouquet walked back the company’s growth forecast for next year due to trade disputes and global tensions. “We continue to see increasing uncertainty driven by macro-economic and geopolitical developments,” Fouquet said in a statement on ASML’s quarterly results Wednesday. “Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.” ASML’s shares fell as much as 7.1% to €655.70 in Amsterdam on Wednesday, the biggest decline since April. They have fallen 33% in the last year.
- Richemont posted better-than-expected sales as wealthy shoppers snapped up Cartier rings and bracelets, defying a wider downturn for luxury goods. Sales at the jewelry division, Richemont’s largest, surged 11% at constant exchange rates in the quarter ending in June, the Swiss luxury group said Wednesday. Analysts had forecast a gain of 8.6%. Overall, sales climbed 6%, ahead of expectations. The company’s shares rose as much as 2.4% in early Swiss trading, bringing the gain this year to about 12%.

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- Citigroup (C) shares rose to the highest level since 2008 after the bank said it would ramp up stock buybacks following a strong result in regulatory stress tests. The company plans to repurchase at least $4 billion of shares this quarter, Chief Financial Officer Mark Mason said Tuesday on a call with analysts. That’s more than the $3.75 billion the firm bought back in the entire first half of the year, and the plans helped push the stock past $90 for the first time since the financial crisis.

- Nvidia (NVDA) shares surged today after the chipmaker along with Advanced Micro Devices (AMD) plan to resume sales of some AI chips in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions. US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, the company said in a blog post on Monday — a move that may add billions to Nvidia’s revenue this year, restoring its ability to fulfill orders it had written off as lost due to government restrictions. Nvidia designed the less-advanced H20 chip to comply with earlier China trade curbs from Washington, which Trump’s team tightened in April to block H20 sales to the Asian country without a US permit.

- MP Materials (MP), the rare-earths producer that last week secured backing from the Pentagon, soared in pre-market trading on a report that it reached a deal to supply Apple Inc. The shares jumped as much as 14% to $55.39 after Fox Business said Apple is set to announce a $500 million deal with MP for rare-earth magnets from the company’s Texas facility, citing people familiar with the matter. Apple and MP Materials didn’t immediately respond to requests for comment outside of normal business hours in the US.

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On this episode of Stock Movers:

- Nvidia (NVDA) notched record highs after the close, after news that the company, along with AMD, plan to resume sales of some AI chips in China after securing Washington's assurances that such shipments would get approved. US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, and AMD received similar assurances from the US Commerce Department for its MI308 chips. The move is seen as a win for Nvidia's Chief Executive Officer Jensen Huang, who has branded US chip curbs a "failure", and is expected to add billions to Nvidia's revenue this year, according to the company.

- Citigroup (C) shares closed up 3.7%, the highest level since 2008 after the bank said it would ramp up stock buybacks following a strong result in regulatory stress tests. The company plans to repurchase at least $4 billion of shares this quarter, Chief Financial Officer Mark Mason said Tuesday on a call with analysts. That’s more than the $3.75 billion the firm bought back in the entire first half of the year, and the plans helped push the stock past $90 for the first time since the financial crisis.

- Wells Fargo (WFC) shares are down after the bank lowered its full-year guidance for net interest income after another quarter of tepid growth amid the ongoing trade war. The San Francisco-based lender posted $11.7 billion in NII — income from lending minus the cost of deposits — for the three months through June, falling just short of analysts’ estimates of $11.8 billion. That prompted Wells Fargo to lower its full-year NII growth target to little changed from last year, down from its previous guidance of 1% to 3% growth, driven by lower NII in the bank’s markets business.

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- Newmont (NEM) shares plunged following the resignation of the company’s chief financial officer. Shares of the world’s top gold producer fell as much as 8.9% on Tuesday in New York, marking the biggest drop since April. The slump followed Newmont’s post-market announcement Monday that CFO Karyn Ovelmen tendered her resignation last week. The company didn’t disclose the reason for her departure. Chief Legal Officer Peter Wexler will serve as interim CFO until a permanent successor is hired, the company said.

- Trade Desk (TTD) shares jump after S&P Dow Jones Indices said the advertising technology company will join the S&P 500 Index before trading opens on July 18.. Evercore ISI analyst Mark Mahaney says the inclusion is “additional confirmation of TTD’s very impressive fundamentals” and additional confirmation of the “centrality” of the Internet Sector

- Wells Fargo (WFC) shares are down after the bank lowered its full-year guidance for net interest income after another quarter of tepid growth amid the ongoing trade war. The San Francisco-based lender posted $11.7 billion in NII — income from lending minus the cost of deposits — for the three months through June, falling just short of analysts’ estimates of $11.8 billion. That prompted Wells Fargo to lower its full-year NII growth target to little changed from last year, down from its previous guidance of 1% to 3% growth, driven by lower NII in the bank’s markets business.

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On this episode of Stock Movers:
- AMD (AMD) shares gain after news that Nvidia and Advanced Micro Devices plan to resume sales of some AI chips in China after securing Washington's assurances that such shipments would get approved.
- BlackRock (BLK) shares fall. This comes after the firm pulled in $46 billion to its investment funds, and assets hit a record $12.5 trillion as clients rode out the volatility of President Donald Trump’s tariff policies.
- Uber (UBER) shares are down. Uber plans to team up with Baidu to launch robotaxis on the ride-sharing platform in several markets outside of the US and mainland China through a multiyear partnership.

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