Stock Movers

On this episode of Stock Movers:
- Burberry plans to cut almost one-fifth of its work force as its new chief executive officer tries to turn around the British trench-coat maker, after its push into high fashion flopped amid a downturn in global demand for luxury goods.
- Alstom falls as much as 17%, the most since November 2023, after the French transport system company’s latest earnings. Morgan Stanley says the quarterly print is ahead “but the softer guidance will likely be the focus,” while JPMorgan called the outlook “somewhat light.”
- TUI shares slide as much as 11%, most in three months, after the tour and travel operator signaled a negative bookings inflection for the key summer season. The group also reported a smaller-than-expected Ebit loss for 2Q and reiterated its guidance for the full year.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Nvidia (NVDA) shares are surging as the AI chipmaker, along with Advanced Micro Devices, will supply semiconductors to Saudi Arabian artificial intelligence company Humain for a massive data center project, acting under a Trump administration initiative that lifts restrictions on delivering advanced technology to the region. Nvidia Chief Executive Officer Jensen Huang announced the partnership on stage at the Saudi-US Investment Forum in Riyadh, the Gulf nation’s capital. The announcement came alongside US President Donald Trump’s visit to the country. Separately, AMD will provide chips and software for data centers “stretching from the Kingdom of Saudi Arabia to the United States” in a $10 billion project, according to a statement.

- Coinbase (COIN) shares jumped as much as 26% on Tuesday, the biggest intraday gain since Nov. 6 to the highest level since February after S&P Dow Jones Indices said the company will join the S&P 500 Index before trading opens May 19. The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release. The inclusion of Coinbase is viewed as a vindication by crypto faithfuls who helped President Donald Trump win the election in November.

- Super Micro Computer (SMCI) shares are trading up after Raymond James initiated coverage of the server maker's stock with an 'outperform' rating and a price target of $41.

See omnystudio.com/listener for privacy information.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
 
- Coinbase (COIN) shares skyrocketed as much as 26% in trading, the biggest intraday gain since Nov. 6 to the highest level since February, after S&P Dow Jones Indices said the company will joins the S&P 500 before trading begins on May 19th. The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release. The inclusion of Coinbase is viewed as a vindication by crypto faithfuls who helped President Donald Trump win the election in November.

- First Solar (FSLR) shares soared after JPMorgan analyst Mark Strouse said the US budget reconciliation bill is better than “the more bullish end of investor expectations” for solar, wind and geothermal firms. Strouse said First Solar is the “best positioned” name to benefit from the bill, which updates provisions of the Inflation Reduction Act.

- Hertz (HTZ) shares closed lower after the car-rental company posted a larger-than-expected loss in the first quarter, pressured by a slowdown in customer bookings. Revenue fell 13% in the period, contributing to an adjusted loss of $1.12 per share, the company said in a statement late Monday. Analysts had expected a 99-cent deficit on average, according to estimates compiled by Bloomberg. The company showed declines on multiple key metrics. While forward bookings from leisure customers were up from a year ago, demand from corporate and government customers has moderated.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- UnitedHealth (UNH) shares are down. The company unexpectedly replaced its chief executive and suspended earnings guidance, raising increasing questions over how the company once regarded as a safe bet by investors has got its cost predictions so wrong. UnitedHealth brought back Chairman and former CEO Stephen Hemsley for the top role, saying Andrew Witty has resigned “for personal reasons.” The health insurer, whose top insurance executive was murdered in New York last December, also ripped up its 2025 outlook.

- First Solar (FSLR) shares soared after JPMorgan analyst Mark Strouse said the US budget reconciliation bill is better than “the more bullish end of investor expectations” for solar, wind and geothermal firms. Strouse said First Solar is the “best positioned” name to benefit from the bill, which updates provisions of the Inflation Reduction Act.

- Simon Property Group (SPG) shares declined as much as 5.7% after the retail REIT reported first-quarter results. While the company maintained annual real estate funds from operation guidance, it expects results to “trend towards the middle of the range” due to current macro and tariff uncertainty. Citi said this could be below expectations given the strong first-quarter results.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Coinbase shares jump, hitting its highest level since February, after S&P Dow Jones Indices said the company will join the S&P 500 Index before trading opens May 19.
- On Holding’s shares jumped after the Swiss brand reported strong demand for its high-priced sneakers and lifted its sales growth forecast. First-quarter sales rose 40% from a year ago to 727 million Swiss francs, beating analyst expectations, with strong growth in the Americas, Asia-Pacific, and Europe, the Middle East and Africa.
- Rigetti shares tumble after the quantum computing firm’s 1Q revenue missed expectations and gross margins declined from the year earlier period.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- UnitedHealth shares fall after the company unexpectedly replaced its chief executive and brought back Chairman and former CEO Stephen Hemsley.The company suspended earnings guidance for 2025, citing higher-than-expected medical costs of many Medicare Advantage beneficiaries who are new to the company.
- Boeing shares rise after China removed a month-long ban on airlines taking delivery of Boeing planes after US-China talks over the weekend, according to sources telling Bloomberg.Around 50 Boeing jets are to be delivered to China this year, it saves the planemaker the time and cost of finding new buyers.Saudi Arabia’s sovereign wealth fund is set to order 30 737 Max jets for aircraft leasing company AviLease, according to another Bloomberg News report. That comes as President Donald Trump heads to the Middle East this week
- Enphase shares fall after analysts cited the proposed federal tax changes as a headwind for residential solar -- specifically a potential plan to eliminate credit for homeowners who take loans or pay cash for their residential solar and battery systems.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- UnitedHealth Group (UNH) is lower this morning after it suspended its 2025 outlook, citing higher-than-expected medical costs for new Medicare Advantage beneficiaries, and expects to return to growth in 2026. The company also named Stephen Hemsley as its new CEO, replacing Andrew Witty, effective immediately.
- Amazon (AMZN) is higher this morning after reaching a multiyear agreement with FedEx to deliver large packages for the online retailer, renewing a relationship between the two companies that ended in 2019. The deal follows plans announced in January by UPS to reduce by half the number of packages it delivers for Amazon by the end of 2026.
- FedEx (FDX) is also trending upward this morning after on the Amazon-FedEx news.
- Hertz (HTZ) fell in US premarket trading after the rental company reported a larger-than-expected loss in the first quarter. The 1Q earnings are a miss with Ebitda loss being higher than expected, write Barclays analysts Dan Levy and Josh Cho.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- UnitedHealth Group (UNH) is lower this morning after it suspended its 2025 outlook, citing higher-than-expected medical costs for new Medicare Advantage beneficiaries, and expects to return to growth in 2026. The company also named Stephen Hemsley as its new CEO, replacing Andrew Witty, effective immediately.
- Advanced Micro Devices (AMD) is getting a boost with the Trump administration preparing to announce a deal that would grant Saudi Arabia more access to advanced semiconductors, allowing the country to increase its data center capacity.
- Nvidia (NVDA) is following AMD as it awaits an announcement on a chips deal. The agreement would allow Saudi Arabia to buy chips from companies like Nvidia and Advanced Micro Devices, but US officials are concerned about the potential for China to access these chips.
- FedEx (FDX) is trending higher this morning after Amazon reached a multiyear agreement with FedEx to deliver large packages for the online retailer, renewing a relationship between the two companies that ended in 2019. The deal follows plans announced in January by UPS to reduce by half the number of packages it delivers for Amazon by the end of 2026.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Renewable energy stocks rally in Europe on Tuesday after US House Republicans proposed a phase-out of incentives to develop clean-energy projects that was better than feared, according to analysts.

- Bayer's shares surged after its earnings beat expectations, with robust demand for its new cancer and kidney medicines helping offset a decline in agricultural sales.

- Shares in Munich Re fall as much as 5.4%, making it the worst performer on the Stoxx 600 Insurance Index, after a 1Q profit slump caused by the Los Angeles wildfires. Analysts note, however, that solvency was ahead of consensus

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Apple (APPL) shares are up. This comes after President Donald Trump said he spoke with Apple Inc. Chief Executive Officer Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year. Apple is weighing whether to raise prices for an iPhone lineup coming in the fall, the Wall Street Journal reported, citing people familiar with the matter whom it didn’t identify. The company is exploring whether to “couple” price increases with new features and designs, while trying to avoid the perception that any hikes are tied to US tariffs, the Journal reported. Apple didn’t respond to Bloomberg’s request for comment.

- Eli Lilly (LLY) are up in after hours trading. Earlier today, President Donald Trump said he plans to slash drug prices for Americans by more closely aligning their costs to lower prices paid abroad, renewing and expanding upon a failed push from his first term. Trump aims to do so by bringing drugmakers to the negotiating table. He signed an executive order Monday asking them to lower prices voluntarily or else face regulatory measures. The President, however, said Eli Lilly is not going to be tariffed because the pharmaceutical company is building in the US.

- NRG Energy (NRG) shares are up after the company agreed to acquire a fleet of natural gas-fired power plants from LS Power Equity Advisors LLC for about $12 billion including debt, betting the fuel will be crucial to meet electricity demand from data centers. The cash-and-stock deal calls for NRG to buy 18 gas-fired facilities from LS with a combined capacity of about 13 gigawatts, the companies said Monday in a statement. That’s enough to power about 10.4 million homes.

See omnystudio.com/listener for privacy information.

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, Alix Steel, Scarlet Fu, Carol Massar and Matt Miller. 

- NRG Energy (NRG) shares soared 25%, the most intraday since 2017 to a record high, as Wall Street praised its deal that Jefferies says is “transforming” the company and doubling its power generation capacity, while the power producer also reported better-than-expected adjusted Ebitda for the first quarter. 

- Apple (AAPL) shares rose after US President Donald Trump said he spoke with CEO Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year. Apple is weighing whether to raise prices for an iPhone lineup coming in the fall, the Wall Street Journal reported, citing people familiar with the matter whom it didn’t identify. The company is exploring whether to “couple” price increases with new features and designs, while trying to avoid the perception that any hikes are tied to US tariffs, the Journal reported. Apple didn’t respond to Bloomberg’s request for comment. 

- CVS (CVS) shares, along with other major US health-care companies that own pharmacy-benefit management units closed lower after President Donald Trump proposed a plan to “cut out” the drug-industry middlemen as a way to reduce drug costs. Trump aims to do so by bringing drugmakers to the negotiating table. He signed an executive order today asking them to lower prices voluntarily or else face regulatory measures. Pharmaceutical companies had expected — and feared — action on drug prices. However, the order was far weaker than they’d anticipated. Shares of major drugmakers initially fell after Trump teased drug-price action on social media Sunday night, then rose as details on the order emerged throughout Monday morning.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Carnival Corp. (CCL) shares are up. The company is issuing bonds for the third time this year, as the cruise operator chips away at a debt load that had ballooned during the Covid-19 pandemic. Monday’s $1 billion offering of senior unsecured notes will be used to refinance 7.625% notes maturing next year, according to a person familiar with the matter. Pricing for the new notes is being discussed in the 5.875% to 6% range, the person said.

- NRG Energy (NRG) shares hit an all time high as the company agreed to acquire a fleet of natural gas-fired power plants from LS Power Equity Advisors LLC for about $12 billion including debt, betting the fuel will be crucial to meet electricity demand from data centers. The cash-and-stock deal calls for NRG to buy 18 gas-fired facilities from LS with a combined capacity of about 13 gigawatts, the companies said Monday in a statement. That’s enough to power about 10.4 million homes.

- Cigna (CI) and other US health-care companies that own pharmacy-benefit management units are trading lower on Monday after President Donald Trump proposed a plan to “cut out” the drug-industry middlemen as a way to reduce drug costs. Meantime, House Republicans are reviving measures that would primarily prohibit “spread pricing” in the Medicaid safety net program -- where pharmacy benefit managers profit by paying pharmacies less than what they charge state Medicaid plans for a medication.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
-Pfizer shares rise after President Donald Trump said he plans to order cuts to prescription drug costs to bring them in line with other countries.White House officials speaking this morning did say weight loss drugs and medicare will be an area of focus for action.
-Best Buy shares rise after being a key beneficiary of weekend US-China talks Bloomberg Intelligence analysts estimates that retailers entered the year holding 1% less inventory than they had over the past three years, so the drop off in Chinese shipments would have had significant impact.
-Nike shares rise. The company is another key beneficiary of the US-China talks -- half of all Nike brand shoes are made in Vietnam, but overall trade optimism is helping.Last week, the company announced changes to its senior leadership team and divided its Consumer, Product, and Brand leadership will now be divided into three distinct areas.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) is higher this morning following the US-China trade announcement. The biggest US chipmaker along with other chipmakers are rising on the news due to heavy exposure to Asian markets. Other Mag 7 stocks are also jumping on the news.
- Delta (DAL) shares popped this morning as travel stocks react to easing global trade tensions and lessening odds of a recession. It also comes after Delta and Korean Air agreed last week to buy a stake in WestJet amid uncertain US relations with Canada.
- Nike (NKE) is up along with other consumer stocks after the US-China trade truce announcement. Consumer firms with large China exposure rally, including Nike, Starbucks, Amazon, and Wayfair among others are rising on the news.
- Maersk (AMKBY) shares also increased today as shipping and transportation stocks move higher as ports can expect more trade and consumer activity.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- AbbVie (ABBV) is lower this morning alongside pharma stocks as President plans to order a cut in US prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.
- Newmont (NEM) shares are also lower as a result of the risk on narrative. Gold fell more than 3% in the premarket as investor attention turns back to US equities in easing trade tensions with China.
- Texas Instruments (TXN) is higher this morning along with other major chipmakers, which are heavily exposed to Asian markets. US megacap tech stocks, which had been hard hit this year, were on track to tally some of the biggest gains, with Nasdaq 100 futures poised to re-enter a bull market.
- Apple (APPL) is rallying on the China trade news, with the company having significant supply chain exposure to China. Other Mag 7 stocks like Tesla and Nvidia are also rallying on the trade news.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- The US and China will temporarily lower tariffs on each other’s products, according to a joint statement, in a move which sent the whole equity market up. Maersk are on track for their biggest one-day gain in a decade with trading volume was quadruple the average for this time of day.
- Drugmakers like Novo Nordisk are falling after President Donald Trump said he plans to order a cut in US prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.
- UniCredit posted its highest quarterly profit ever, strengthening Chief Executive Officer Andrea Orcel’s hand as he pursues potential acquisitions.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Insulet (PODD) shares rallied this week, soaring up as much as 20% during trading on an upbeat earnings report. The insulin delivery system maker boosted its revenue guidance for the full year and posted better-than-expected first-quarter results. Piper Sandler views the guidance increase positively and as more evidence of strong momentum in the business.

- Disney (DIS) shares rose after it reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. Full-year 2025 earnings, excluding certain items, will rise 16% to $5.75 a share, Disney said Wednesday in a statement, about double its previous forecast for growth. Analysts were looking for $5.44 a share. A number of major companies have pulled their 2025 guidance amid the uncertainty caused by US President Donald Trump’s tariffs on imported goods. But Disney is benefiting from faster-than-expected growth at its namesake parks and streaming business, and pointed to that strong performance to boost its guidance.

- Palantir (PLTR) shares slid by the most in nearly a year after its financial results and projections failed to live up to investors’ lofty expectations. The company described rising demand for artificial intelligence software as a “ravenous whirlwind” and bumped its 2025 revenue forecast on Monday to about $3.9 billion from about $3.75 billion. But even a solid earnings results beat and the raised outlook wasn’t enough to justify the stock’s high valuation and extend its massive year-to-date gain. Palantir’s shares tanked by as much as 14.9% to $105.32, the lowest intraday price since May 7, 2024. The stock was still up 41% for the year.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Affirm (ARFM) shares plunged as much as 14% on Friday after the financial technology company reported what some analysts said were “mixed” results. Analysts made note of the mostly positive earnings, but flagged expectations were very high heading into the results and the guidance given may be conservative. 

- Expedia (EXPE) cut its full-year outlook for gross bookings and revenue after it saw weaker-than-expected domestic and inbound travel demand in the US at the start of the year. Gross bookings and revenue are now expected to grow 2% to 4% in 2025, Chief Financial Officer Scott Schenkel said on an earnings call. The company had projected 4% to 6% growth in February. It also issued first-quarter results and a second-quarter outlook that missed Wall Street estimates.

- Tesla (TSLA) shares were higher leading Magnificent Seven stocks today. Investors refrained from making riskier bets on speculation that while talks between Chinese and American officials could represent a diplomatic icebreaker, they would unlikely result in a comprehensive agreement at this stage. Following a rapid $6 trillion surge in the S&P 500 from the brink of a bear market, action has been more muted in recent days. The gauge was little changed Friday amid volume that was 30% below the average of the past month.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Lyft shares surge on results after the bell on Thursday; better-than-expected gross bookings in the first quarter, a sharp contrast with disappointing results from Uber. It also announced an accelerated and expanded share buyback program. Some areas key to its positive results include Indianapolis, where it saw a 37% gain in rides; and Canada, where rides are up 50%.
- Pinterest shares rise after 2Q revenue guidance beat estimates. CEO Bill Ready cited the company's ability to leverage AI to personalize the user experience is their "key differentiator." Tech allows them to provide advertisers early signs on trends before they show up in purchasing data.
- 1800 Flowers shares plunge after it withdrew its near-term guidance and shuffled its management team, including naming a new CEO.That's after reporting 3Q results that showed a bigger-than est loss per share -- $2 80c vs 26c estimate; net revenue also disappointed and down 13% from a year earlier.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Expedia shares fall after the company cut its full-year outlook for gross bookings and revenue. It cited weaker-than-expected domestic and inbound travel demand in the US at the start of the year. CFO Scott Schenkel noted that there was a near-30% decline in inbound bookings from Canada, which drove a 7% drop in overall inbound travel to the US
- Microchip rises after 4Q results after the bell on Thursday. Its' adjusted EPS 11c, slightly beat the 10c estimate; net sales also slightly above estimates but down 27% y/y. - The chips manufacturer did say 4Q “marks the bottom of this prolonged industry down cycle"
- Crowdstrike drops after a Bloomberg News report that US prosecutors and regulators are investigating a $32 million deal between Crowdstrike and a tech distributor -- specifically, what senior executives may have known about it.The transaction was made to supply software to the IRS, but apparently the IRS never purchased or received the products.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Lyft (LYFT) is moving to the upside after reporting better-than-expected gross bookings of $4.16 billion in the first quarter, with rides increasing 16% from a year earlier to 218.4 million. Goldman Sachs analyst Eric Sheridan also upgraded the stock to Buy from Neutral.
- Expedia (EXPE) is down this morning after cutting its full-year outlook for gross bookings and revenue due to weaker-than-expected domestic and inbound travel demand in the US at the start of the year. The company now expects gross bookings and revenue to grow 2% to 4% in 2025, down from its previous projection of 4% to 6% growth.
- Pinterest (PINS) shares are higher after second-quarter revenue guidance topped estimates at the midpoint, easing concerns of an advertising slowdown. The company's efforts to use artificial intelligence to boost growth are paying off, with revenue for the second quarter expected to be $960 million to $980 million.
- Affirm Holdings (AFRM) is sliding this morning after the midpoint of the buy now, pay later company’s revenue forecast for the current quarter trailed Wall Street expectations.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Expedia (EXPE) is down this morning after cutting its full-year outlook for gross bookings and revenue due to weaker-than-expected domestic and inbound travel demand in the US at the start of the year. The company now expects gross bookings and revenue to grow 2% to 4% in 2025, down from its previous projection of 4% to 6% growth.
- Lyft (LYFT) is moving to the upside after reporting better-than-expected gross bookings of $4.16 billion in the first quarter, with rides increasing 16% from a year earlier to 218.4 million. Goldman Sachs analyst Eric Sheridan also upgraded the stock to Buy from Neutral.
- Pinterest (PINS) shares are higher after second-quarter revenue guidance topped estimates at the midpoint, easing concerns of an advertising slowdown. The company's efforts to use artificial intelligence to boost growth are paying off, with revenue for the second quarter expected to be $960 million to $980 million.
- Coinbase (COIN) shares are lower despite Bitcoin's rally after its first-quarter total revenue and second-quarter forecast subscription and services revenue missed the average analyst estimates.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- IAG announced a major order for widebody jets, doubling down on a long-haul business with a $10 billion fleet investment to help sustain its earnings momentum.

 
- Campari shares fall as much as 4.6% after the Italian spirits maker’s first-quarter results missed expectations, showing that the backdrop continues to be tough with analysts flagging an uncertain outlook due to trade tensions.

- Bloomberg reported that Shell has been studying the merits of acquiring BP — something both companies have so far declined to comment on — analysts have been gaming out both the upsides and downsides.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Lyft (LYFT) shares are up. The company reported better-than-expected gross bookings in the first quarter, drawing a sharp contrast with the disappointing results issued by its much-larger ride-hailing rival Uber Technologies Inc. a day earlier. Gross bookings for the first quarter were $4.16 billion, Lyft said in a statement Thursday, slightly beating the average of analysts’ estimates compiled by Bloomberg. Rides increased 16% from a year earlier to 218.4 million, also ahead of expectations. Lyft expects gross bookings for the current period to be between $4.41 billion and $4.57 billion, with the midpoint landing just above estimates.

- AppLovin (APP) shares soar after the AI-powered advertisement platform reported first-quarter results that beat expectations. The company also agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business.

- Coinbase (COIN) shares are down in post market trading. The company's first-quarter revenue jumped while profit declined as the largest US crypto exchange navigated the volatile price swings of the digital asset market. Revenue increased about 24% to $2 billion from the year-ago period, though it was around 10% sequentially lower from the fourth quarter, the San Francisco-based company said in a blog post Thursday. Revenue was expected to be $2.105 billion, according to the average forecast of analysts surveyed by Bloomberg. Net income fell 94% to $66 million, or 26 cents per share. Coinbase’s shares fell about 3% in after-hours trading. The stock is down 17% so far this year.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- AppLovin (APP) shares are up after the AI-powered advertisement platform reported first-quarter results that beat expectations. It gave an outlook for 2Q, and projected ad revenue beating forecasts too. The company also agreed to sell its video-games unit to London-based Tripledot Studios to focus on its advertising technology business.

- Coinbase (COIN) shares are higher. The company agreed to acquire Deribit, the world’s largest exchange for Bitcoin and Ether options, for $2.9 billion as the biggest US crypto exchange makes a push into the derivatives market. The purchase marks one of the most-significant acquisitions in the crypto industry’s history and comes as Donald Trump’s return to the White House sparks a wave of deal-making among crypto companies.

- Carvana (CVNA) shares jumped after the online used-car retailer doubled its profits in the first quarter with record vehicle volume and reported revenue that beat the average analyst estimate.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Crocs shares rose after First quarter adjusted EPS beat estimates $3 versus $2 49 cent estimate Adjusted net income also beat estimates -- $169.7 million vs $142.9 million, but that's down more than 7% from a year earlier.The company withdrew its full year outlook for this year and said it won't provide full-year guidance at this time due to "macroeconomic uncertainties stemming from global trade policies"
- AppLovin shares rise after the AI-powered ad platform reported results after the close yesterday; both first quarter EPS and net income beat estimates.It gave an outlook for 2Q, and projected ad revenue beating forecasts too.The company agreed to sell its video games unit to London-based Tripledot Studios to focus on its advertising technology business.
- ARM shares drop after first quarter sales forecast for $1 billion to $1.1 billion disappointed analysts. CEO Rene Haas blamed it on the timing of new agreements with customers and he said the outlook is conservative "to make sure we don't overreach."

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) is leading chip stocks higher after Bloomberg reported the Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions, citing people familiar with the matter.
- Arm Holdings (ARM) is out of line with other chip stocks this morning as it trends lower after posting revenue forecast for the current quarter is $1 billion to $1.1 billion, lower than Wall Street's estimates. The company blames the conservative forecast on the timing of new agreements with customers and has decided not to provide an annual target due to uncertainty.
- Peloton (PTON) stock declined this morning after its fiscal third quarter missed estimates. While the company hit it expectations for reported revenue, Peloton narrowed expectations for total revenue for the fiscal year.
- Anheuser-Busch (BUD) gained in the premarket to their highest level in more than seven months after the brewer’s profit beat estimates, with analysts pointing to its geographical mix and a strong performance in its South American business as demand for beer holds up. The brewer also maintained its guidance for the year, a positive sign amid tariff worries.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) is leading chip stocks higher after Bloomberg reported the Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions, citing people familiar with the matter.
- Arm Holdings (ARM) is out of line with other chip stocks this morning as it trends lower after posting revenue forecast for the current quarter is $1 billion to $1.1 billion, lower than Wall Street's estimates. The company blames the conservative forecast on the timing of new agreements with customers and has decided not to provide an annual target due to uncertainty.
- Cleveland Cliffs (CLS) is sinking this morning after posting a wider-than-expected loss for the first quarter after the closing bell on Wednesday. The company also said it expects full-year 2025 steel unit cost reductions of approximately $50 per net ton compared to the prior year.
- Krispy Kreme (DNUT) is the biggest downside mover in the premarket session as it announced it will no longer pay quarterly cash dividends to focus on growth and pay down debt. Krispy Kreme reported below-consensus quarterly sales and expects second-quarter net revenue of $370 million to $385 million, below analysts' estimates and is pausing the expansion of its partnership with McDonald's and withdrawing its 2025 profit guidance due to macroeconomic weakness and uncertainty.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- AB InBev offset a fall in volumes with higher profits by cutting costs and driving consumers to drink more of its premium beer. - Maersk the Danish container giant, lowered its forecast for the global transport market rattled by Donald Trump’s trade war.
- Next shares rose to a record after the retailer raised its guidance for the second time this year, as UK shoppers spent more than expected and a rival’s operations were disrupted by a cyber attack.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Alphabet (GOOG) sunk on the news that Apple is “actively looking at” revamping the Safari web browser on its devices to focus on AI-powered search engines, a seismic shift for the industry hastened by the potential end of a longtime partnership with Google. Eddy Cue, Apple’s senior vice president of services, made the disclosure Wednesday during his testimony in the US Justice Department’s lawsuit against Alphabet. The heart of the dispute is the two companies’ estimated $20 billion-a-year deal that makes Google the default offering for queries in Apple’s browser. The case could force the tech giants to unwind the pact, upending how the iPhone and other devices have long operated.

- Uber (UBER) shares are down after they reported weaker-than-expected quarterly gross bookings, citing lower US inbound travel that’s led to slower gains in its rideshare business. Gross bookings, which include ride hails, delivery orders and driver and merchant earnings, but not tips, were $42.8 billion in the first three months of 2025, Uber said in a statement Wednesday. Analysts projected $43.1 billion, according to Bloomberg-compiled data. Revenue also landed below expectations at $11.5 billion, as did operating income.

- Walt Disney (DIS) shares are up after the company reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. The shares jumped as much as 12% in New York. Full-year 2025 earnings, excluding certain items, will rise 16% to $5.75 a share, Disney said Wednesday in a statement, about double its previous forecast for growth. Analysts were looking for $5.44 a share.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- WeightWatchers (WW) shares fall after the company announced it has filed for bankruptcy to reduce its debt by $1.15 billion through a lender-backed plan, which is expected to be completed in 45 days. The company has struggled to compete with weight-loss drugs like Ozempic and has been burdened by annual interest expenses of over $100 million, limiting its ability to invest in growth initiatives and marketing.
- Charles River (CRL) shares rally after the drug development contractor boosted its adjusted earnings per share forecast for the full year, following better-than-expected first-quarter results. Separately, the company also said it is in a cooperation pact with activist Elliott Investment Management where Elliott has agreed to “customary standstill, voting, confidentiality, and other provisions”
- Walt Disney (DIS) shares jump after the company reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year. It cited strong performances from theme parks and streaming TV.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Disney (DIS) shares popped in the premarket after raising its profit outlook for the year. The California-based entertainment giant forecast adjusted earnings per share for the full year that beat the the average analyst estimate. It is also citing strong performances from theme parks and streaming TV.
- Uber (UBER) is in decline this morning after it reported weaker-than-expected quarterly gross bookings of $42.8 billion, below analysts' projection of $43.1 billion, due to a slowdown in its rideshare business. Despite the miss, Uber's income was a bright spot, with diluted earnings exceeding analyst estimates, and the company forecast strong bookings and adjusted earnings for the current period
- Advanced Micro Devices (AMD) shares are higher in premarket trading after the chipmaker reported first-quarter results that beat expectations but gave an outlook that analysts see as mixed. The company also said it sees an annual hit of $1.5 billion due to China export controls.
- Super Micro Computer (SMCI) is plunging this morning after giving a weak sales forecast. The beleaguered chipmaker cut its net sales guidance for the full year, missing the average analyst estimate. Analysts note that delayed customer purchases are weighing on the company’s forecast.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Disney (DIS) shares popped in the premarket after raising its profit outlook for the year. The California-based entertainment giant forecast adjusted earnings per share for the full year that beat the the average analyst estimate. It is also citing strong performances from theme parks and streaming TV.
- Uber (UBER) is in decline this morning after it reported weaker-than-expected quarterly gross bookings of $42.8 billion, below analysts' projection of $43.1 billion, due to a slowdown in its rideshare business. Despite the miss, Uber's income was a bright spot, with diluted earnings exceeding analyst estimates, and the company forecast strong bookings and adjusted earnings for the current period
- Super Micro Computer (SMCI) is plunging this morning after giving a weak sales forecast. The beleaguered chipmaker cut its net sales guidance for the full year, missing the average analyst estimate. Analysts note that delayed customer purchases are weighing on the company’s forecast.
- Marvell Technologies (MRVL) is following fellow tech company SMCI lower this morning after the semiconductor device company narrowed its first quarter 2026 guidance range and postponed its investor day citing an uncertain macro environment.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Novo Nordisk shares gained on expectations that competition for its blockbuster obesity shot Wegovy will subside later this year.

- BMW’s earnings declined less than expected in the first quarter as electric vehicle sales in Europe helped buoy the German carmaker amid slumping demand in China and the threat of US tariffs.

- Maersk and other European sea-freight stocks decline on the prospect of lower shipping rates after President Donald Trump said the US would stop its bombing campaign against Houthis in Yemen.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Palantir Technologies (PLTR) shares slid by the most in nearly a year after its financial results and projections failed to live up to investors’ lofty expectations. The company described rising demand for artificial intelligence software as a “ravenous whirlwind” and bumped its 2025 revenue forecast on Monday to about $3.9 billion from about $3.75 billion. But even a solid earnings results beat and the raised outlook wasn’t enough to justify the stock’s high valuation and extend its massive year-to-date gain. Palantir’s shares tanked by as much as 14.9% to $105.32, the lowest intraday price since May 7, 2024. The stock was still up 41% for the year.

- Hims & Hers Health Inc. (HIMS) reiterated its 2025 revenue forecast after posting better-than-expected sales for the first quarter, raising questions about the future as it shifts from making copycat weight-loss drugs to selling discounted versions of Novo Nordisk A/S’s blockbuster Wegovy. Hims’ business got a boost when branded weight-loss drugs were in short supply and a regulatory loophole allowed it to sell less expensive compounded versions of drugs like semaglutide, a chemical name for Wegovy. Those shortages have since resolved and now the telehealth company is finding a new lane by also selling branded drugs at a discount.

- Constellation Energy (CEG) surged after it said it is on the verge of signing long-term deals to provide nuclear energy that could meet unrelenting demand to run data centers and factories. Shares climbed 12% as Chief Executive Officer Joe Dominguez said on an earnings call that the agreements bolster the case for Constellation’s pending $16.4 billion deal for Calpine, which would give Constellation the largest fleet of US power stations. Power consumption in the US is expected to grow almost 16% over the next five years, driven by data centers running artificial intelligence operations, as well as the electrification of homes and cars and a shift away from fossil fuels in manufacturing. That’s created new life for old nuclear plants, with a deal to reopen Three Mile Island as the most high-profile example.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Palantir (PLTR) shares slide by the most in nearly a year after its financial results and projections failed to live up to investors’ lofty expectations. The company described rising demand for artificial intelligence software as a “ravenous whirlwind” and bumped its 2025 revenue forecast on Monday to about $3.9 billion from about $3.75 billion.
- Vertex Pharmaceuticals (VRTX) shares fall after the company reported adjusted earnings per share for the first quarter that missed expectations. Analysts are mixed about the launch of the non-opioid pain medication Journavx and Alyftrek, a triple modulator for cystic fibrosis
- DoorDash (DASH) drops after announcing two multibillion-dollar acquisitions: London-based delivery company Deliveroo Plc for £2.9 billion and hospitality tech company SevenRooms Inc. for $1.2 billion. Alongside the deals, DoorDash also issued a strong orders outlook for the current quarter and posted better-than-expected gross order value for the first three months of the year in a statement on Tuesday.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Palantir Technologies (PLTR) shares fall after the data-analysis software company posted financial results failed to meet investors’ expectations.

- Ford (F) shares slip as the automaker suspended its full-year financial guidance and said President Trump’s tariffs will take a toll on profit, joining rivals stung by volatile global trade policies.

- Constellation Energy (CEG) shares drop after the power producer reported adjusted profit and Ebitda for the first quarter that fell short of expectations.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Palantir Technologies (PLTR) is sinking this morning after its financial results failed to meet investors' expectations. The company bumped its 2025 revenue forecast to about $3.9 billion, representing growth of 36% from last year. Still, Palantir's revenue for the quarter jumped 39% to $884 million, exceeding analysts' average estimate of $863 million.
- Ford Motor Co. (F) shares are on the decline after it suspended its full-year financial guidance due to President Donald Trump's auto tariffs, which will reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year. Ford cited seven factors in withdrawing its earlier forecast, including potential "industrywide supply chain disruption" tied to Trump's duties and the risk that levies may increase in the future.
- DoorDash (DASH) shares are lower as it agreed to acquire its rival in the UK, Deliveroo, for $3.9 billion in cash. It expands the delivery service's scope across Europe, Asia and the Middle East.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Palantir Technologies (PLTR) is sinking this morning after its financial results failed to meet investors' expectations. The company bumped its 2025 revenue forecast to about $3.9 billion, representing growth of 36% from last year. Still, Palantir's revenue for the quarter jumped 39% to $884 million, exceeding analysts' average estimate of $863 million.
- Ford Motor Co. (F) shares are on the decline after it suspended its full-year financial guidance due to President Donald Trump's auto tariffs, which will reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year. Ford cited seven factors in withdrawing its earlier forecast, including potential "industrywide supply chain disruption" tied to Trump's duties and the risk that levies may increase in the future.
- DoorDash (DASH) shares are lower as it agreed to acquire its rival in the UK, Deliveroo, for $3.9 billion in cash. It expands the delivery service's scope across Europe, Asia and the Middle East.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- DoorDash has agreed to buy UK-based food-delivery platform Deliveroo Plc for an equity value of about £2.9 billion ($3.9 billion), as the US company pushes into more overseas markets.
- Hugo Boss’s shares rise as much as 10% after the suit maker’s earnings beat estimates, which analysts said was a relief, especially against a tough backdrop. Brokers noted that the update implied trading improved in March, while discipline around operating costs was also helpful.
- Shell is working with advisers to evaluate a potential acquisition of BP, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with the matter.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Film and media companies like Netflix (NFLX) and Disney (DIS) saw shares falling on Monday after President Donald Trump announced that he plans to impose a 100% tariff on films produced overseas. In post on Truth Social, the American leader said he was directing the Commerce Department and his trade representative to “immediately begin the process of instituting” the levy on foreign movies. “WE WANT MOVIES MADE IN AMERICA, AGAIN!” Trump continued. The president also positioned foreign productions as a national security threat, saying other nations were using films for messaging and propaganda.

- Berkshire Hathaway (BRK.B) shares sunk as much as 6.4% in trading on Monday following the news that Warren Buffett will leave his post as CEO at the end of the year during his 60th shareholder meeting on Saturday. Buffett, the 94-year-old architect and face of Berkshire Hathaway Inc., announced that the gathering would be his last as head of the company he built from humble beginnings into one of the world’s most valuable enterprises. A few feet away, Greg Abel, the energy executive long seen as Omaha’s crown prince, wasn’t even aware his time had come.

- Pet food maker Freshpet (FRPT) initially fell after it announced it was cutting its net sales guidance for the full year, citing uncertainty. Shares recovered later in trading.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Netflix (NFLX) Shares fall along with other media and entertainment companies after President Donald Trump announced that he is planning a 100% tariff on films produced overseas. Analysts see risks associated with the news, though they added that there are few details.
- Tyson Foods (TSN) shares drop after the company said earnings jumped more than expected as increased profits from chicken sales outweighed another quarter of losses at the company’s beef business.
- Peabody Energy (BTU) shares drop after the company said it's considering terminating a $3.78 billion deal to acquire Anglo American Plc's steelmaking coal assets due to a fire at an Anglo mine in Australia.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Netflix (NFLX) shares are lower after President Trump announced plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies to the entertainment sector. The announcement has raised questions about how the tariff would work, with many films involving global production and post-production work done in various countries.
- Disney (DIS) shares sank this morning ahead of a key earnings report. The stock's also following Netflix and other companies exposed to movie production due to President Trump's tariff announcement on foreign films production.
- Berkshire Hathaway (BRK-B) fell in premarket trading after Warren Buffett announced he will be stepping down as CEO of Berkshire Hathaway at year-end, with Greg Abel set to take over upon board approval. Bloomberg Intelligence analysts Matthew Palazola and Eric Bedell expect Abel to maintain Berkshire’s ethos, and say that he may also bring a fresher approach to capital management.
- Tyson Foods (TSN) is lower this morning even though earnings jumped more than expected as increased profits from chicken sales outweighed another quarter of losses at the company’s beef business. Tyson has heavily relied on elevated chicken profits to alleviate the cost impact of a severe cattle shortage on its earnings, but the chicken boom could be waning.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Berkshire Hathaway (BRK-B) fell in premarket trading after Warren Buffett announced he will be stepping down as CEO of Berkshire Hathaway at year-end, with Greg Abel set to take over upon board approval. Bloomberg Intelligence analysts Matthew Palazola and Eric Bedell expect Abel to maintain Berkshire’s ethos, and say that he may also bring a fresher approach to capital management.
- Netflix (NFLX) shares are lower after President Trump announced plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies to the entertainment sector. The announcement has raised questions about how the tariff would work, with many films involving global production and post-production work done in various countries.
- Disney (DIS) shares sank this morning ahead of a key earnings report. The stock's also following Netflix and other companies exposed to movie production due to President Trump's tariff announcement on foreign films production.
- Nvidia (NVDA) is also on the downswing this morning due to exposure to the Taiwanese dollar, which surged as much as 5% on Monday, the biggest intraday gain in over three decades, on speculation exporters are rushing to convert their holdings of US dollars to the island's currency.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Apple (APPL) shares fell this week after its quarterly earnings report failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China. The company’s shares declined 3.7% in New York on Friday after second-quarter results included worse-than-expected sales in China. The iPhone maker also warned that tariffs will increase costs this quarter, a sign that geopolitical tensions are taking a growing toll on the business. Apple expects $900 million in higher costs from tariffs in the current period, Chief Executive Officer Tim Cook said Thursday during a conference call. Revenue will increase by a percentage in the low- to mid-single digits in the quarter, compared with a 5% average analyst estimate. The company didn’t offer any guidance on the impact of tariffs beyond the current period.

- Eli Lilly (LLY) shares took a hit on word that CVS choose to make rival Novo Nordisk's popular weight-loss drug Wegovy more widely available to its customers. Eli Lilly's Zepbound was moved off of CVS' list of preferred drugs. Novo and Lilly have been locked in a fierce competition to dominate the obesity market, which is expected to reach $130 billion by the end of the decade. CVS Caremark’s decision to place Wegovy over Zepbound could give Novo an edge as the companies fight to convince insurance companies to pay for their treatments, which cost more than $1,000 a month before rebates.

- Spotify (SPOT) shares tumbled on Tuesday after the streaming company gave a muted outlook for profit and subscriber growth in the current quarter. The Stockholm-based company forecast gross profit margins of 31.5% in the second quarter, missing analysts’ average estimate for 31.6% according to data compiled by Bloomberg. Spotify sees monthly active users rising to 689 million, less than the 694.4 million analysts expected. The US-traded stock slipped as much as 9.6% in New York to $540.10. It had risen 22% this year through the end of March and had more than doubled in the last 12 months. Chief Executive Officer Daniel Ek tried to reassure investors that Spotify’s business is strong, despite economic turbulence roiling other industries.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Apple (APPL) shares are still lower as investors continue to digest an earnings report that failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China. The company’s shares declined as much as 5.2% after markets opened in New York on Friday. Apple had released second-quarter results that included worse-than-expected sales in China. The iPhone maker also warned in the Thursday statement that tariffs will increase costs this quarter, a sign that geopolitical tensions are taking a growing toll on the world’s most valuable business.

- Block (XYZ) shares sunk as much as 24%, the most since March 2020 after the financial services and digital payments company cut its gross profit guidance for the full year. The Cash App parent company reported results that suggest weakness in the company’s efforts to convert millions of active users into full-fledged banking customers.

- Duolingo (DUOL) shares are still up after the language-learning software firm reported results that beat expectations. Sales will be $987 million to $996 million this year, the company said in a letter to shareholders, up from its previous view of at most $978.5 million and ahead of analysts’ projections for $973.2 million. Subscriptions for its highest-price tier — Duolingo Max — continued to grow in part due to the appeal of its AI-powered video call feature. Daily active users across all tiers jumped 49% to 46.6 million in the period, while the company now counts 10.3 million paying subscribers, slightly ahead of expectations.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Amazon (AMZN) shares fall after the company said it’s bracing for a tougher business climate in the coming months, echoing concerns from a range of companies that tariffs and related economic turmoil could crimp consumer spending.
- Wendy's (WEN) shares drop after the company lowered its sales outlook for this year, the latest restaurant chain to take a hit from consumer unease about shaky economic conditions in the US. Global systemwide sales are set to decline as much as 2%, while the company had forecast in March an increase as large as 3%.
- Duolingo (DUOL) shares rise after the company raised its full-year sales and profit outlook as artificial intelligence offerings drive users to its higher-priced subscriptions. ales will be $987 million to $996 million this year, the company said in a letter to shareholders, up from its previous view of at most $978.5 million and ahead of analysts’ projections for $973.2 million.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Take-Two Interactive Software (TTWO) shares fall after the company delayed the release of Grand Theft Auto VI to next year, giving the team more time to finish the game. The game was expected to be one of the most lucrative video games ever and would have been the biggest release of 2025, but will now be released on May 26, 2026.
- Apple (AAPL) shares drop after the company received downgrades from Jefferies and Rosenblatt Securities after quarterly results raised concerns about tariffs and growth potential. The company's results showed weaker-than-expected sales in China and expected $900 million in higher costs from tariffs, with revenue growth expected in the "low- to mid-single digit" percentage range this year.
- Five Below (FIVE) shares jump after the discount retailer increased its first-quarter forecasts for sales and profit. The company also said director Mike Devine is expected to be appointed non-executive chair of the board following the 2025 annual meeting.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Apple (APPL) shares are lower this morning after the iPhone maker reported service revenue for the fiscal second quarter that trailed the average analyst estimate. The company expects $900 million in higher costs from tariffs this quarter and warned that revenue will increase by a percentage in the low- to mid-single digits, below analyst estimates.
- Chevron (CVX) share are also down despite beating its earnings estimates. Wall Street is punishing the oil giant after it announced it will reduce share buybacks this quarter to about $2.75 billion, 30% less than in the first quarter, due to tumbling oil prices.
- Exxon (XOM) shares are higher after it said it will stick to its plan to buy back about $5 billion in shares per quarter, while Shell has the financial ability to keep repurchasing upwards of $3 billion of shares each quarter.
- Take-Two (TTWO) shares are lower after delaying the release of Grand Theft Auto VI to next year, giving the development team more time to complete the game. The delay is seen as a significant setback for Take-Two, as the Grand Theft Auto franchise is a major contributor to the company's revenue.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Apple (APPL) shares are lower this morning after the iPhone maker reported service revenue for the fiscal second quarter that trailed the average analyst estimate. The company expects $900 million in higher costs from tariffs this quarter and warned that revenue will increase by a percentage in the low- to mid-single digits, below analyst estimates.
- Amazon (AMZN) is following Apple downward this morning after it said it expects a tougher business climate in the coming months due to tariffs and economic turmoil, which may affect consumer spending. The company's operating profit forecast for the current period is weaker than expected, citing factors such as tariffs, currency fluctuations, and recessionary fears.
- Airbnb (ABNB) shares in decline this morning after giving a very weak travel outlook that is affecting their bottom line. The company is citing economic uncertainties for softer travel demand in the US. The company's growth for nights and experiences booked is expected to "moderate" from the 7.9% achieved in the first quarter, falling short of Wall Street's 8.6% projection.
- Chevron (CVX) share are also down despite beating its earnings estimates. Wall Street is punishing the oil giant after it announced it will reduce share buybacks this quarter to about $2.75 billion, 30% less than in the first quarter, due to tumbling oil prices.

See omnystudio.com/listener for privacy information.