Stock Movers

On this episode of Stock Movers:
- Shell stuck to its plans for investor returns and capital spending, saying it had the financial strength to withstand any weakness in energy markets.
- BASF warned that uncertainty caused by President Donald Trump’s trade tactics means it can’t make reliable predictions for its business this year.
- NatWest beat estimates in the first quarter and pointed to improving earnings this year as the bank’s customers proved resilient to the unfolding strains on the global economy.

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On this episode of Stock Movers:

- Amazon (AMZN) shares are down in extended trading as the company gave a weaker-than-expected forecast for operating profit in the current quarter, pointing toward a long list of factors including tariffs and trade that may cause consumers to pull back on spending. The world’s largest online retailer projected operating profit of $13 billion to $17.5 billion, compared with an average estimate of $17.8 billion. Sales will be $159 billion to $164 billion in the period ending in June, the company said Thursday in a statement. Analysts, on average, expected $161.4 billion.

- Apple (APPL) shares are down in extended trading as sales from China declined more than anticipated in the latest quarter, overshadowing otherwise solid results for the iPhone maker. Revenue from the country fell 2.3% to $16 billion in the fiscal second quarter, which ended March 29, the company said in a statement Thursday. Analysts had estimated $16.83 billion. Overall sales gained 5% to $95.4 billion, ahead of the $94.6 billion average estimate. Apple had projected percentage growth in the low- to mid-single digits.

- Delta Air Lines (DAL) shares have small gains in after hours trading. The airline says that the head of its Endeavor Air regional carrier will step down, but remain with the parent company. Jim Graham’s departure as Endeavor chief executive officer is part of a plan that’s been in the works almost a year, he said in a Thursday memo to the airline’s executives and directors seen by Bloomberg News. Graham retains his role as a senior vice president with the Delta Connection regional operation, Delta said in an email.

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On this episode of Stock Movers:

- Eli Lilly (LLY) shares fell the most intraday since October after CVS Health announced a plan to drop its blockbuster weight-loss drug Zepbound from its preferred list, making rival Wegovy more widely available. While the company maintained its sales guidance between $58 billion and $61 billion for the year, and Zepbound performed in line with Wall Street’s expectations, investors who had been hoping for more explosive growth were underwhelmed.

- Qualcomm (QCOM) shares fell after the company gave a tepid revenue forecast, underscoring concerns that tariffs will hurt demand for its products. Revenue in the period ending in June will be $9.9 billion to $10.7 billion, the company said Wednesday in a statement. The midpoint of that range was slightly below the average analyst estimate of $10.33 billion.

- Carrier Global Corp. (CARR) shares are up. The company said said its tariff exposure has been alleviated in part through price increases, allowing it to boost its full-year profit outlook and sending its shares higher. The HVAC company is fully mitigating the impact of tariffs that are in effect today, it said in a statement Thursday. “We are fully mitigating our tariff exposure through supply chain and productivity actions with the balance of about $300 million via price, which represents a little over 1% of additional pricing,” Chief Executive Officer Dave Gitlin said on a call with investors.

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On this episode of Stock Movers:
- Kohl's (KSS) shares rise after the company fired its chief executive officer after the board found he directed the company to do millions of dollars of business with someone he had a personal relationship with on “highly unusual terms.” The company said it is starting a search to find a permanent replacement following the departure of Ashley Buchanan and that Chairman Michael Bender would serve as interim CEO, according to a statement.
- Eli Lilly & Co.’s (LLY) shares dropped in morning trading after CVS Health Corp. announced a plan to drop its blockbuster weight-loss drug Zepbound, making rival Wegovy more widely available. The drugmaker also cut its full-year earnings outlook, citing research and development costs.
- Microsoft (MSFT) shares surge after the company reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady despite a wave of tariffs and economic turbulence. During a call with analysts, Chief Financial Officer Amy Hood said Azure will grow as much as 35%.

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On this episode of Stock Movers:
- Meta Platforms (META) shares jumped after the company’s advertising sales quelled Wall Street concerns about the impact of the Trump administration’s trade war, with first-quarter revenue beating expectations. Meta needs its advertising business, which makes up 98% of the company’s revenue, to continue growing in order to fund an expensive expansion in artificial intelligence.
- Eli Lilly & Co.’s (LLY) shares dropped in morning trading after CVS Health Corp. announced a plan to drop its blockbuster weight-loss drug Zepbound, making rival Wegovy more widely available. The drugmaker also cut its full-year earnings outlook, citing research and development costs.
- Kohl's (KSS) shares rise after the company fired its chief executive officer after the board found he directed the company to do millions of dollars of business with someone he had a personal relationship with on “highly unusual terms.” The company said it is starting a search to find a permanent replacement following the departure of Ashley Buchanan and that Chairman Michael Bender would serve as interim CEO, according to a statement.

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On this episode of Stock Movers:
- McDonald's (MCD) shares are lower after US sales fell 3.6% in the first quarter, mainly due to a decline in guest counts, marking the biggest drop in the chain's home market since 2020. The decline is attributed to a deterioration in consumer sentiment, making it harder for restaurants to lure in diners, with low-income customers being particularly affected.
- Eli Lilly (LLY) dropped in the premarket after the drugmaker cut its adjusted earnings per share forecast for the full year. The company also reported first-quarter sales of its blockbuster weight-loss drug, Zepbound, that was in line with expectations. It also follows CVS' drug-benefits unit negotiated a deal to make Novo Nordisk A/S's Wegovy more widely available to its members, replacing Zepbound.
- Qualcomm (QCOM) is falling after its revenue forecast for the period ending in June was $9.9 billion compared to $10.7 billion, which is slightly below analyst estimates. The company's outlook has renewed fears about the impact of tariffs on the smartphone market, which is Qualcomm's largest market. Shares fell over 5% in premarket trading following the announcement, despite the company's efforts to diversify its business beyond the phone market.
- Nvidia (NVDA) shares jumped as Microsoft and Meta beats drove Mag 7 stocks higher. It comes with CEO Jensen Huang also saying he wants the Trump administration to change regulations for exporting AI technology to help American businesses capitalize on opportunities.

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On this episode of Stock Movers:
- Microsoft (MSFT) shares are higher this morning after an earnings blowout. The company reported stronger-than-expected quarterly sales and profit growth as the Azure cloud unit posted a 33% revenue gain in the quarter, beating the Wall Street estimate of 29%. It suggests customer demand for cloud services has held steady despite a wave of tariffs and economic turbulence. The world’s largest software maker is considered a leader in commercializing AI products, thanks to its close partnership with ChatGPT maker OpenAI. In addition to providing computing infrastructure, Microsoft has launched AI assistants in widely used productivity applications such as Office and Excel.
- Meta (META) shares, along with Microsoft, are helping lead the Mag 7 higher after the company reported $42.3 billion in first-quarter sales, beating analysts' estimates of $41.4 billion. Meta expects to spend $64 billion to $72 billion this year, up from its prior outlook, due to tariffs imposed by the Trump administration and investments in artificial intelligence. Meta's advertising business, which makes up 98% of the company's revenue, is growing, and the company is investing heavily in AI development, including a new standalone AI app, to compete with rivals.
- Eli Lilly (LLY) dropped in the premarket after the drugmaker cut its adjusted earnings per share forecast for the full year. The company also reported first-quarter sales of its blockbuster weight-loss drug, Zepbound, that was in line with expectations. It also follows CVS' drug-benefits unit negotiated a deal to make Novo Nordisk A/S's Wegovy more widely available to its members, replacing Zepbound.
- Harley Davidson (HOG) shares are lower after pulling its 2025 financial outlook, citing the “tariff situation” and macroeconomic conditions. It also reported revenue for the first quarter that missed the average analyst estimate.

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On this episode of Stock Movers:
- Lloyds shares fall as much as 2.4% after the lender’s earnings came in a touch shy of expectations. Analysts blamed higher severance costs, but said that overall trends are supportive with Lloyds maintaining its full-year guidance.
- GN Store slumps as much as 10% after lowering its full-year guidance to account for the impact of US tariffs.
- Rolls-Royce expressed confidence the aircraft engine supplier can meet its financial goals for the year despite the uncertainty caused by the introduction of new tariffs.

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On this episode of Stock Movers:

- Caterpillar Inc. (CAT) shares are up in after hours trading. This comes as the company expects slightly lower sales this year if Trump administration tariffs remain in place and the economy dips into a recession in the second half. The guidance, in line with previous expectations, came as the heavy-equipment maker posted first-quarter earnings that fell short of analysts’ estimates. The company painted two scenarios in its results’ presentation, forecasting operating profit to be within its annual target range if factoring in tariffs and a recession.

- Starbucks (SBUX) shares fell after the company said same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also missed expectations. CEO Brian Niccol said "behind the scenes, we really are showing a lot of signs of progress” -- Niccol took the helm in September and kicked off an overhaul of its cafes to make them more welcoming

- Snap (SNAP) shares tumbled after the company narrowly beat analysts’ estimates for first-quarter revenue but declined to issue a sales forecast for the current period, saying it’s navigating macroeconomic “headwinds” for its advertising business. While sales continue to grow in the second quarter, Snap said economic volatility “may impact advertising demand more broadly,” contributing to its decision to withhold sales projections.

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On this episode of Stock Movers:

- Caterpillar (CAT) shares are down as the company expects slightly lower sales this year if the Trump administration tariffs remain in place and the economy dips into a recession in the second half. The guidance, in line with previous expectations, came as the heavy-equipment maker posted first-quarter earnings that fell short of analysts’ estimates. The company painted two scenarios in its results’ presentation, forecasting operating profit to be within its annual target range if factoring in tariffs and a recession.

- Starbucks (SBUX) stock slides as the company's same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also missed expectations. Starbucks CEO Brian Niccol says the coffee chain is making progress in reviving growth, but flagging sales in the latest quarter and a sputtering economy amped up pressure on the company’s new management to deliver.

- Snap (SNAP) shares tumbled after the company narrowly beat analysts’ estimates for first-quarter revenue but declined to issue a sales forecast for the current period, saying it’s navigating macroeconomic “headwinds” for its advertising business. While sales continue to grow in the second quarter, Snap said economic volatility “may impact advertising demand more broadly,” contributing to its decision to withhold sales projections.

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On this episode of Stock Movers:
- Caterpillar (CAT) shares fall after the company said it expects slightly lower sales this year if Trump administration tariffs remain in place and the economy dips into a recession in the second half. Caterpillar said it expects an additional cost headwind of $250 million to $350 million in the second quarter from tariffs, “net of initial mitigation actions and cost controls.”
- Starbucks (SBUX) shares fall after the company said same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also missed expectations. CEO Brian Niccol said "behind the scenes, we really are showing a lot of signs of progress” -- Niccol took the helm in September and kicked off an overhaul of its cafes to make them more welcoming
- Snap (SNAP) shares fall after the company warned volatility may impact advertising demand more broadly, contributing to its decision to withhold sales projections. Some of Snap’s advertisers are pulling back their spending due to the Trump administration’s planned changes to the de minimis rule, which exempts imports from mainland China and Hong Kong from tariffs if they’re worth less than $800, Chief Financial Officer Derek Andersen said on an earnings call with investors.

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On this episode of Stock Movers:
- Starbucks (SBUX) shares fall after the company said same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also missed expectations. CEO Brian Niccol said "behind the scenes, we really are showing a lot of signs of progress” -- Niccol took the helm in September and kicked off an overhaul of its cafes to make them more welcoming
- Super Micro (SMCI) shares plunge after the company's preliminary results for the fiscal third quarter fell short of analysts' estimates. The company attributed the miss to customers delaying purchases, which will be pushed into the current quarter, and also cited higher inventory reserves and expedited costs for new products.
- Amazon (AMZN) shares fall after Grindr said it’s using artificial intelligence tools from Amazon.com and Anthropic to develop features for its “Wingman” product, rather than relying on chatbots. President Donald Trump called Jeff Bezos to complain following the report, and Trump said Bezos "solved the problem very quickly, and he did the right thing.”

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On this episode of Stock Movers:
- Starbucks (SBUX) shares are lower after receiving a wave of downgrades from Wall Street. Bernstein, Stifel, and TD Securities lowered its price target on the stock. Starbucks' same-store sales declined 1% in the quarter ended March 30, below the average estimate compiled by Bloomberg.
- Snapchat (SNAP) slipped as much as 14% in early trading after signaling a massive headwind warning when it comes to ad sales. Snap beat analysts' estimates for first-quarter revenue but declined to issue a sales forecast for the current period due to macroeconomic "headwinds" affecting its advertising business.
- Super Micro Computer (SMCI) tumbled as much as 16% in premarket trading on Wednesday after the company reported preliminary third-quarter results that missed expectations. JPMorgan does not think that the magnitude of the revenue miss is representative of any industry-wide demand slowdown.
- Norwegian Cruise Lines (NCLH) broke with its cruise peers by warning that cruise demand, which has long defied worrying travel trends, is beginning to weaken. The stock is lower after the cruise operator saw “softening” in its 12-month forward bookings, though maintains ticket sales are within the “optimal range, even amid ongoing macroeconomic volatility,” according to a statement Wednesday. Despite that, the company maintained its full-year targets.

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On this episode of Stock Movers:
- Caterpillar (CAT) share are higher this morning. The company said it expects to face slightly lower sales this year if tariffs continue and the economy dips into a recession in the second half. The guidance, in line with previous expectations, came as the heavy-equipment maker posted first-quarter earnings that fell short of analysts’ estimates. Excluding any impacts from tariffs, Caterpillar said it sees flat full-year sales compared with 2024.
- Starbucks (SBUX) shares are lower after receiving a wave of downgrades from Wall Street. Bernstein, Stifel, and TD Securities lowered its price target on the stock. Starbucks' same-store sales declined 1% in the quarter ended March 30, below the average estimate compiled by Bloomberg.
- Snapchat (SNAP) slipped as much as 14% in early trading after signaling a massive headwind warning when it comes to ad sales. Snap beat analysts' estimates for first-quarter revenue but declined to issue a sales forecast for the current period due to macroeconomic "headwinds" affecting its advertising business.
- Microsoft (MSFT) is virtually unchanged as it oscillates between positive and negative territory this morning ahead of its key earnings release later today.

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On this episode of Stock Movers:
- Barclays Plc’s traders cashed in on the recent market turbulence, helping the bank beat earnings estimates as it upgraded some of its guidance for the year.
- TotalEnergies SE drew a contrast with its industry peers, sticking to plans for both investor payouts and project investment despite a profit miss and a weak outlook for oil markets.
- Universal Music, the record label for artists such as Taylor Swift and Sabrina Carpenter, reported sales that beat analysts’ estimates in the first quarter, boosted by global subscriber growth.

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On this episode of Stock Movers:

- American Tower (AMT) shares are up after the wireless communications real estate investment trust reported first-quarter results that beat expectations and gave an outlook that is seen as positive.

- Honeywell International (HON) shares gain as the company raised its full-year guidance for earnings per share, saying it will offset about $500 million in tariff exposure with price changes and other actions to protect its bottom line.

- Pfizer (PFE) shares are up after CEO Albert Bourla said during an earnings call that he is “cautiously optimistic” that the pharmaceutical industry will avoid tariffs following discussions with the White House.

- Starbucks (SBUX) shares slipped in extended trading after the company reported quarterly sales fell slightly faster than expected, highlighting how hard the coffee chain will have to work to regain lost ground. Same-store sales declined 1% in the quarter ended March 30, according to a statement Tuesday, falling short of the average estimate of analysts polled by Bloomberg. Earnings per share also missed expectations.

- Super Micro Computer Inc. (SMCI) tumbled in late trading after giving preliminary results that fell well short of analysts’ estimates, a sign its comeback plan has been slow to gain traction.

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On this episode of Stock Movers:

- American Tower (AMT) shares are up after the wireless communications real estate investment trust reported first-quarter results that beat expectations and gave an outlook that is seen as positive.

- Honeywell (HON) shares gained after the industrial conglomerate gave higher than expected guidance for second quarter adjusted earnings per share, and said it will fully offset $500 million of tariff exposure for the year.

- Pfizer (PFE) shares gained after CEO Albert Bourla said during an earnings call that he is “cautiously optimistic” that the pharmaceutical industry will avoid tariffs following discussions with the White House.

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On this episode of Stock Movers:
- Amazon (AMZN) shares fall after the White House Press Secretary Karoline Leavitt said that the e-commerce company’s reported decision to display the impact of tariffs on pricing was a “hostile” act. The comments from Leavitt came after Punchbowl News reported that the e-commerce giant would “soon” begin displaying the cost of US tariffs on individual products next to the total listed price.
- Spotify (SPOT) shares tumble after the streaming company reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter Spotify said the figure was weighed down by more than €76 million in social charges, which it has defined as payroll taxes associated with employee salaries and benefits.
- UPS (UPS) shares drop after the company said it expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.com. UPS said the reduction in its operational workforce — a group that includes delivery drivers and package handlers — is part of a network overhaul in response to expected “lower volumes from our largest customer.”

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On this episode of Stock Movers:
- Amazon (AMZN) shares fall after the White House Press Secretary Karoline Leavitt said that the e-commerce company’s reported decision to display the impact of tariffs on pricing was a “hostile” act. The comments from Leavitt came after Punchbowl News reported that the e-commerce giant would “soon” begin displaying the cost of US tariffs on individual products next to the total listed price.
- Honeywell (HON) shares rise after the company raised its full-year guidance for earnings per share, saying it will offset about $500 million in tariff exposure with price changes and other actions to protect its bottom line. Honeywell, which plans to split into three separate companies, will also use a multiprong approach to offsetting the impact from tariffs, it said in an investor presentation.
- Hims & Hers Health (HIMS) shares soar after the company said it would sell its popular weight-loss drug Wegovy for a reduced price on several telehealth platforms. Through NovoCare, Novo’s new direct-to-consumer pharmacy platform, Hims, LifeMD Inc., and Ro will each sell a month’s supply of Wegovy starting at $499.

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On this episode of Stock Movers:
- Honeywell (HON) is up after issuing a beat on estimates and raising full-year guidance. Honeywell expressed caution going forward, slightly lowering the top end of its sales and profit-margin forecasts due to tariffs and an uncertain global demand environment for the remainder of this year.
- General Motors (GM) shares are lower after withdrawing its earnings guidance for 2025 and putting $4 billion in share buybacks on hold due to uncertainty around US tariffs. Because the original guidance didn’t include impact from tariffs, prior guidance can’t be relied upon,” Paul Jacobson, the company’s chief financial officer, said on a call with reporters. “We will update when we have more information on tariffs.”
- UPS (UPS) shares are on the rise after announcing job cuts and earnings. UPS expects to cut 20,000 jobs this year and close facilities due to lower volumes from Amazon. It reported adjusted earnings of $1.49 a share for the first quarter, topping analyst estimates, but backed away from its 2025 financial guidance due to macroeconomic uncertainty.
- Royal Caribbean (RCL) shares are higher after the cruise operator boosted its adjusted earnings per share forecast for the full year. CEO Jason Liberty says “Bookings for 2025 have remained on track, cancellation levels are normal, and we continue to see excellent close-in demand”

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On this episode of Stock Movers:
- BP’s finances took another battering in the first quarter, with a slump in cash flow and rising debt forcing the company to cut its buyback to the low end of its target range. The company was already seen as the most vulnerable oil major to weakening markets, and its first-quarter earnings reinforced that view.
- Porsche said its profit margin will slip into single digits this year, with the luxury-car maker warning about US tariffs and higher costs from weak electric-vehicle adoption. The German manufacturer now expects return on sales to fall to as low as 6.5%, down from a previous projection of at least 10%.
- Rheinmetall’s military sales soared 73% in the first quarter, as Europe’s increased defense spending drove up orders for the manufacturer’s armored trucks and weapons. The defense giant, which has a record €62.6 billion order backlog, is poised to see sales surge further as Germany’s relaxation of fiscal rules unlocks defense spending and Europe picks up efforts to decrease its reliance on the US.

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On this episode of Stock Movers:

- Boeing (BA) shares are up as Airbus SE agreed to take over some assets and sites from Spirit AeroSystems Holdings Inc., clearing the way for the struggling US aerospace supplier to be acquired back by its former parent. Boeing also got an upgrade over at Bernstein, saying that the airplane maker is now making the progress that it needed for the growth trajectory. However, analysts did note that while they can't assume all the risks are gone after high FAA scrutiny, BCA (Boeing Commercial Airplanes) should be on a much firmer path than in 2023”.

- Nvidia (NVDA) shares fell as the company prepares for a new challenge in the artificial-intelligence chip sector from China's Huawei Technologies. Huawei is getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia, the Wall Street Journal reported. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it, including by blocking access to some Western chip-making equipment, the newspaper said on Sunday.

- On Holding (ONON) shares jumped after Citi raised the Swiss shoemaker to buy from neutral. They said it’s among the best-positioned brands to navigate the current uncertain environment and pass on higher costs to consumers if needed. Analyst Paul Lejuez calls On one of the fastest growing brands in the athletic/apparel and footwear industries, and highlights its geographically diverse sales base and and low sourcing exposure in China.

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On this episode of Stock Movers:

- US shares of Spotify Technology (SPOT) are down. This comes as they report first-quarter results tomorrow before the market opens in New York. Investors will be looking for more details about when and how the company will raise prices. It is reportedly planning an increase in Europe as soon as June. The Swedish streaming platform is looking for ways to fuel earnings growth, particularly in video. On Monday, the company said it paid $100 million to podcast publishers and creators in the first quarter. The company will also share an update on the video creator program that launched in January.

- Boeing (BA) are up after Bernstein upgrades to outperform from market perform noting that the aircraft maker is now “making the progress it needed for the growth trajectory.” Analysts did note that while they can't assume all the risks are gone, after high FAA scrutiny, BCA (Boeing Commercial Airplanes) should be on a much firmer path than in 2023”.

- Plug Power (PLUG) shares jumped the most in nearly a year after the hydrogen company announced a $525 million secured debt facility, said it doesn’t plan to raise more equity in 2025 and reported preliminary first-quarter results in line with analysts’ estimates. Plug expects to report revenue of $130 million to $134 million when it releases its full first-quarter results in early May, versus a consensus estimate of $131.6 million. The company also reported completing construction of a hydrogen production plant in Louisiana that will serve customers including Amazon.com Inc. and Walmart Inc.

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On this episode of Stock Movers:
- Boeing (BA) shares rise after Bernstein upgrades to outperform from market perform noting that the aircraft maker is now “making the progress it needed for the growth trajectory.”
- Eli Lilly (LLY) shares dip after HSBC double downgraded the stock to reduce — a sell-equivalent rating — from buy, saying the drugmaker’s risk-reward “is not attractive.”
- Peloton Interactive (PTON) shares jump after the Truist Securities upgraded the fitness company to buy from hold, saying the stock is finally nearing a point where the company’s improving fundamentals should support a recovery in shares.

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On this episode of Stock Movers:
- Domino's Pizza (DPZ) shares fall after the company reported revenue for the first quarter that missed the average analyst estimate. Revenue $1.11 billion, +2.5% y/y, estimate $1.12 billion. The company didn't provide an outlook for 2025.
- Merck (MRK) shares rise after the company agreed to buy SpringWorks Therapeutics Inc. for $47 per share in cash, representing an equity value of about $3.9 billion and a 26% premium for SpringWorks. The acquisition is expected to boost Merck's health-care division.
- Airbus (AIR FP) shares rise after the company agreed to take over some assets and sites from Spirit AeroSystems Holdings Inc., clearing the way for Spirit to be acquired by Boeing Co. The deal includes Airbus taking over facilities in Kinston, North Carolina; France; Belfast, Ireland; and Prestwick, Scotland, with Airbus receiving a $439 million payment from Spirit and providing $200 million in credit lines.

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On this episode of Stock Movers:
- Nvidia (NVDA) is down in early trading after China’s Huawei Technologies is reportedly getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia - that's according to the Wall Street Journal. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it.
- Tesla (TSLA) is leading the Mag 7 premarket gains following its best week of 2025. Despite a less-than-great earnings last week, Tesla founder Elon Musk says he will put more focus on the company rather than government work, which has provided a boon for the stock.
- Deliveroo (DROOF) shares jumped more than 18%, the most since 2021, after the British delivery firm disclosed an acquisition offer from DoorDash. On Friday, Deliveroo said in a filing that it had received a cash offer from DoorDash at £1.80 per Deliveroo share. That would value the company at about $3.6 billion, according to calculations by Bloomberg.

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On this episode of Stock Movers:
- Nvidia (NVDA) is down in early trading after China’s Huawei Technologies is reportedly getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia - that's according to the Wall Street Journal. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it.
- Tesla (TSLA) is leading the Mag 7 premarket gains following its best week of 2025. Despite a less-than-great earnings last week, Tesla founder Elon Musk says he will put more focus on the company rather than government work, which has provided a boon for the stock.
- Dominos (DPZ) is down in the premarket after sales missed estimates and it didn't provide an outlook for 2025. Still, Q1 revenue was higher than estimates, offering a mixed quarter print overall. Dominos larger international exposure helped lift its results in a tough environment for restaurant stocks.
- Boeing (BA) shares are higher after it was upgraded by Bernstein, citing growth potential on the horizon. Bernstein upgraded the stock to outperform from market perform. Analysts led by Douglas Harned wrote “while we cannot assume all risks are gone, after high FAA scrutiny, BCA (Boeing Commercial Airplanes) should be on a much firmer path than in 2023”

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On this episode of Stock Movers:
- Mediobanca launched a surprise €6.3 billion ($7.2 billion) offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA, opening a potential defense strategy for the Milan-based bank amid Italy’s intensifying deal wave.
- DoorDash has offered to buy UK-based Deliveroo Plc for $3.6 billion, marking a renewed attempt by the US company to expand into more overseas markets by buying smaller food delivery providers.
- France’s Banijay Group is working on plans for a takeover offer for ITV or its studio arm, Financial Times reported, citing two people familiar with the situation.

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On this episode of Stock Movers:

- Intel (INTC) Chief Executive Officer Lip-Bu Tan gave investors a stark diagnosis of the chipmaker’s problems on Thursday, along with the sense that it will take a while to fix them. Tan, delivering his first earnings report as CEO, said Intel’s bureaucratic corporate culture needs a shake-up, so he’s going to cut jobs, remove layers of management and force everyone back to the office. His prescriptions for other areas of malaise — such as Intel’s struggling foundry business, which makes chips for outside customers — were more vague.

- Alaska Air (ALK) shares tumbled as much as 14% on Thursday, the most intraday since December 2023, after the carrier’s second-quarter forecast for adjusted earnings per share trailed the average analyst estimate. The company also said it would not update its full-year 2025 guidance and will provide an update later in the year.

- Hasbro (HAS) shares rose as much as 15%, the most intraday since April 2023, after the toy company’s adjusted EPS and net revenue easily topped Street expectations, driven by meaningfully better-than-expected revenue from its Wizards/Gaming unit. In addition, Hasbro is accelerating elements of its cost-savings program, and now targets $175 million to $225 million in gross savings this year as it searches for additional profit offsets, it said on the conference call.

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On this episode of Stock Movers:

- AppFolio (APPF) shares are down after the application software company reported first-quarter results that missed expectations. 

- Carter's (CRI) shares also fell as much as 10% in trading after the children's apparel company suspended its financial guidance, citing its CEO transition and tariff uncertainty. The stock was down despite first-quarter sales topping Wall Street expectations.

- Saia (SAIA) shares also dropped over 30% during trading after the trucking company reported revenue and earnings per share for the first-quarter that missed analysts estimates. The firm also cited uncertainty as a factor. “Primarily resulting from an uncertain macroeconomic environment, we did not see the typical sequential growth in shipments through the quarter, with March shipments flat to February, causing our first quarter revenues to fall well below our expectations” CEO Fritz Holzgrefe said in a statement.

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On this episode of Stock Movers:
- Alphabet (GOOGL) shares rise after the company reported first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Google Cloud brought in operating profit of $2.18 billion, beating analysts’ estimates for $1.94 billion despite slightly missing expectations on sales. The results indicate that Google may be eking out more profits from Cloud even as sales slow.
- T-Mobile (TMUS) shares drop after the company reported new mobile-phone subscribers that missed expectations. The weaker wireless number overshadowed otherwise positive financial results. The company raised its full-year profit forecast and expects adjusted full-year earnings of $33.2 billion to $33.7 billion before interest, taxes, depreciation and amortization.
- Intel (INTC) shares drop after Chief Executive Officer Lip-Bu Tan gave investors a stark diagnosis of the chipmaker’s problems on Thursday, along with the sense that it will take a while to fix them. What’s most clear is Intel’s short-term woes are even worse than feared. The company gave a revenue forecast for the current quarter that was well below what analysts projected.

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On this episode of Stock Movers:
- Alphabet (GOOGL) shares rise after the company reported first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Google Cloud brought in operating profit of $2.18 billion, beating analysts’ estimates for $1.94 billion despite slightly missing expectations on sales. The results indicate that Google may be eking out more profits from Cloud even as sales slow.
- Apple (APPL) shares edged lower despite news it is seeking to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolitical tensions.
- Skechers (SKX) shares drop after the footwear company said it’s not providing financial guidance and withdrawing its previous annual outlook due to macroeconomic uncertainty stemming from global trade policies. The company also reported first-quarter sales that trailed Wall Street’s expectations.

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On this episode of Stock Movers:
- Alphabet (GOOG) shares are higher this morning after reporting first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Alphabet's cloud business, Google Cloud, brought in operating profit of $2.18 billion, beating analysts' estimates, and search advertising generated $50.7 billion in sales.
- T-Mobile (TMUS) is to the downside this morning after the company reported new mobile-phone subscribers that missed expectations. Despite topping earnings and revenue estimates, the subscriber decline is concerning investors.
- Intel (INTC) shares are lower after its revenue forecast for the current quarter fell below analyst projections. The company is warning of a tariff-fueled recession that could hurt chip demand. CEO Lip-Bu Tan says the company's bureaucratic culture needs a shake-up, and plans to cut jobs, remove management layers, and require employees to work in-person four days a week.
- Skechers (SKX) is getting punished in the premarket as it became the latest company to pull guidance. The company says it’s not providing financial guidance and withdrawing its previous annual outlook due to macroeconomic uncertainty stemming from global trade policies. The company also reported first-quarter sales that trailed Wall Street’s expectations.

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On this episode of Stock Movers:
- Alphabet (GOOG) shares are higher this morning after reporting first-quarter revenue and profit that exceeded analysts' expectations, driven by strength in its search advertising business. Alphabet's cloud business, Google Cloud, brought in operating profit of $2.18 billion, beating analysts' estimates, and search advertising generated $50.7 billion in sales.
- Intel (INTC) shares are lower after its revenue forecast for the current quarter fell below analyst projections. The company is warning of a tariff-fueled recession that could hurt chip demand.
- T-Mobile (TMUS) is to the downside this morning after the company reported new mobile-phone subscribers that missed expectations. Despite topping earnings and revenue estimates, the subscriber decline is concerning investors.
- Skechers (SKX) is getting punished in the premarket as it became the latest company to pull guidance. The company says it’s not providing financial guidance and withdrawing its previous annual outlook due to macroeconomic uncertainty stemming from global trade policies. The company also reported first-quarter sales that trailed Wall Street’s expectations.

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On this episode of Stock Movers:
- Michelin shares rise as much as 4% after the French tiremaker’s price/mix was seen as a key positive in its first quarter update. Overall guidance was reiterated, but meeting it will require a stronger performance through the remainder of the year, analysts said.
- Swedish defense manufacturer Saab AB sees customers increasingly focused on cutting down delivery times as many countries race to rearm in the face of deepening geopolitical tensions.
- Accor shares rise as much as 5.6% to the highest level this month. Analysts say the French hotel operator’s results are favorable, noting positive demand commentary and expectations for net unit growth throughout the year. While net unit growth was a slight miss in the first quarter, revenue per available room, or RevPAR, beat expectations.

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On this episode of Stock Movers:

- Intel (INTC), the chipmaker attempting a comeback under new CEO Lip-Bu Tan, gave a weak forecast for the current period and said it’s cutting workers to bring costs in line with the business’s smaller size. Second-quarter revenue will be between $11.2 billion and $12.4 billion, the company said in a statement Thursday. That was well short of the $12.9 billion average analyst estimate, sending the shares down more than 6% in late trading.

- Alaska Air (ALK) shares tumbled as much as 14% on Thursday, the most intraday since December 2023. This comes after the carrier’s second-quarter forecast for adjusted earnings per share trailed the average analyst estimate. The company also said it would not update its full-year 2025 guidance and will provide an update later in the year.

- Hasbro (HAS) shares rose as much as 15%, the most intraday since April 2023. This comes after the toy company’s adjusted EPS and net revenue easily topped Street expectations, driven by meaningfully better-than-expected revenue from its Wizards/Gaming unit. In addition, Hasbro is accelerating elements of its cost-savings program, and now targets $175 million to $225 million in gross savings this year as it searches for additional profit offsets, it said on the conference call.

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On this episode of Stock Movers:

- American Airlines Group (AAL) shares are up. However, the company withdrew its full-year earnings outlook, joining a growing number of companies hedging their bets on the broader economy. The looming impact of higher costs from the Trump administration’s trade policy is making it difficult for Corporate America to forecast how the year will play out as consumers brace for economic pain.

- Comcast Corp. (CMCSA) shares fell to their lowest level in 2 1/2 years after the company reported first-quarter losses of pay-TV and broadband customers that exceeded analysts’ estimates, a reflection of the growing competition from streaming and wireless providers. Comcast, the largest US cable provider, lost 199,000 domestic broadband customers during the first quarter, according to a statement Thursday, steeper than analysts’ estimates of 144,500. Pay-TV customers shrank by 427,000, compared with Wall Street projections for a loss of 409,300.

- IBM (IBM) shares fell the most in a year on Thursday after reporting results that showed strong profit while also suggesting that economic uncertainty and US government cost cuts may dent the company’s business. First-quarter sales increased almost 1% to $14.5 billion, IBM said Wednesday in a statement. Profit, excluding some items, was $1.60 per share. Both results exceeded analysts’ average estimates, according to data compiled by Bloomberg.

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On this episode of Stock Movers:
- American Air (AAL) shares edge higher despite withdrawing its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines.
- Proctor & Gamble (PG) shares fell, after the company cut its annual sales and profit outlook due to tariffs and volatility in consumer demand, expecting organic sales growth of approximately 2% this year. CEO Jon Moeller said the company will likely roll out price increases next year to combat tariffs, and will seek to shift sourcing or change formulations to reduce exposure to tariffs before increasing prices.
- Newmont (NEM) shares rise after the gold miner reported earnings that beat analyst estimates. The precious metal also contributed to the gains as bullion surged on mixed signals from the US on plans for China tariffs.

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On this episode of Stock Movers:
- IBM (IBM) shares fall after the company reported its first-quarter results and gave an outlook. While analysts are broadly positive on the report, they failed to fully ease investor concerns. The company's CEO Arvind Krishna expressed caution about the economic environment, citing uncertainty that may cause clients to pause, and noted that the US government's cost-cutting actions have affected IBM's business.
- PepsiCo (PEP) shares drop after the company lowered its full-year profit outlook due to tariff headwinds and White House pressure, expecting 2025 earnings per share to be about even with 2024 based on constant currencies.
- American Air (AAL) shares edge higher despite withdrawing its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines.

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On this episode of Stock Movers:
- Merck (MRK) shares are higher in spite of the company cutting its adjusted earnings per share forecast for the year and saying it expects to lose $200 million to already-announced tariffs in 2025 amid a roiling trade war between the US and China. Still, the company's first-quarter results beat estimates.
- PepsiCo (PEP) shares are down after lowering its full-year profit outlook due to unpredictable US trade policy and worsening consumer sentiment, driving up costs and denting demand for its products. PepsiCo expects 2025 earnings per share to be about even with 2024, and a low single-digit rise in organic revenue, citing volatility and uncertainty in global trade developments.
- American Air (AAL) shares dropped after it withdrew its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines. The airline cited weak domestic leisure travel and economic worries, and now expects a second-quarter adjusted profit of 50 cents to $1 a share, below analyst estimates.

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On this episode of Stock Movers:
- Merck (MRK) shares are higher this morning despite the company cutting its adjusted earnings per share forecast for the year and saying it expects to lose $200 million to already-announced tariffs in 2025 amid a roiling trade war between the US and China. Still, the company's first-quarter results beat estimates.
- PepsiCo (PEP) shares are down after lowering its full-year profit outlook due to unpredictable US trade policy and worsening consumer sentiment, driving up costs and denting demand for its products. PepsiCo expects 2025 earnings per share to be about even with 2024, and a low single-digit rise in organic revenue, citing volatility and uncertainty in global trade developments.
- Texas Instruments (TXN) is on the upswing premarket as it offered a better-than-anticipated forecast for the current period due to improved demand for industrial and automotive components. The company's sales grew last quarter for the first time since 2022.
- Chipotle (CMG) is sliding in the premarket as it lowered its full-year outlook after quarterly sales declined for the first time in almost five years, citing economic uncertainty and consumer concerns about tariffs. Chipotle expects tariffs to hit second-quarter results by about 20 basis points, but is not planning to raise menu prices, and is looking to open as many as 345 restaurants this year despite potential tariff-related increases in building costs.

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On this episode of Stock Movers:
- Gucci sales tumbled in the first quarter as efforts to revive Kering SA’s biggest brand again failed to yield signs of a turnaround amid a tough period for the luxury-goods industry.
- Nokia said that meeting the top end of its guidance for the year will be more challenging as the company grapples with the impact of tariffs.
- Unilever beat estimates for sales at the start of its fiscal year as a result of price increases, demand for premium products and improved performance in some markets.

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On this episode of Stock Movers:

- Kimberly-Clark (KMB) shares fell in trading today as fallout continues from their earnings report. The Texas-based diaper and paper towel manufacturer lowered profit expectations for the year, citing uncertainty arising from the impact on the global trade war on its costs.

- Amphenol (APH) shares jumped after a strong earnings report, rising along with several other semiconductor stocks in a broader tech rally. The electrical components company reported first-quarter results that beat expectations and gave an outlook that is above the analyst consensus.

- Super Micro Computer (SMCI) is among leaders in a tech rally after President Trump said that China tariffs will drop if the two countries can reach a deal. Trump made his about-face on Tuesday, saying he’d be willing to “substantially” pare back his 145% tariffs on China. He turned down his aggressive rhetoric a day after meeting with executives from Walmart Inc., Home Depot Inc. and Target Corp., who said import taxes could disrupt supply chains and raise the prices of goods, according to people familiar with the matter. Warnings about the potential for empty store shelves within weeks seemed to resonate with Trump, one of the people said. Shares of Super Micro Computer rose as much as 11% in trading on Wednesday.

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On this episode of Stock Movers:

- Super Micro Computer (SMCI) is among leaders in a tech rally after President Trump said that China tariffs will drop if the two countries can reach a deal. Trump made his about-face on Tuesday, saying he’d be willing to “substantially” pare back his 145% tariffs on China. He turned down his aggressive rhetoric a day after meeting with executives from Walmart Inc., Home Depot Inc. and Target Corp., who said import taxes could disrupt supply chains and raise the prices of goods, according to people familiar with the matter. Warnings about the potential for empty store shelves within weeks seemed to resonate with Trump, one of the people said. Shares of Super Micro Computer rose as much as 11% in trading on Wednesday.

- Enphase Energy (ENPH) shares plunged to the lowest levels in almost five years after the solar and storage provider said it sees a 6%-to-8% hit to gross margins in the third quarter from steep US tariffs imposed by the Trump administration on battery imports from China. Ahead of that, the company expects a smaller impact of about 2% in the second quarter because of batteries imported before the higher duties were imposed, Chief Executive Officer Badri Kothandaraman said on a first-quarter earnings call.

- Tesla (TSLA) shares are soaring after Elon Musk vowed to pull back “significantly” from his work with the US government and pay more mind to Tesla Inc., assuaging investors concerned about the carmaker’s worst quarter in years. The chief executive officer will devote “far more” of his time to Tesla starting next month, saying during an earnings call Tuesday that his work establishing the so-called Department of Government Efficiency will be “mostly done.” Investors and analysts have increasingly called for Musk to refocus on the electric-car company, which is struggling under the weight of slumping sales and rising costs from President Donald Trump’s trade war. Protests have sprung up in recent months in a consumer backlash against Musk’s government work.

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On this episode of Stock Movers:
- Tesla (TSLA) shares rise after Elon Musk pledges to retreat “significantly” from his US government work to concentrate on the electric-vehicle company as his work with DOGE is “mostly done.”
- Boeing (BA ) shares rise after first-quarter results that exceeded Wall Street's estimates, with a smaller-than-expected adjusted loss per share of 49 cents. The company is ramping up jet production, aiming to raise output of its 737 Max jetliner to 38 jets per month, and later this year, seeking permission to increase to 42 units.
- Philip Morris (PM US) shares gain after the company called off the sale or separation of its $1 billion US cigar business, citing the "current environment." The company is shifting its focus towards smoke-free alternatives, with its smoke-free business accounting for 42% of its first-quarter total net revenue and aiming to generate over two-thirds of its sales from alternative products by 2030.

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On this episode of Stock Movers:
- Tesla (TSLA) shares rise after Elon Musk pledges to retreat “significantly” from his US government work to concentrate on the electric-vehicle company as his work with DOGE is “mostly done.”
- Boeing (BA) shares gain after reporting first-quarter results that exceeded Wall Street's estimates, with a smaller-than-expected adjusted loss per share of 49 cents. Despite challenges from global trade dislocations and tariffs, Boeing's strong start to the year and half-trillion-dollar backlog give it flexibility to navigate the environment, according to CEO Kelly Ortberg.
- AT&T (T) shares rise after the telecom company reported first-quarter results that are seen as positive. The company rolled out fresh promotional offers this year to woo new customers and keep existing ones, including a "customer guarantee" promising better network reliability and customer service.

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On this episode of Stock Movers:  

- Tesla (TSLA) shares are up following yesterday's earnings miss. It's leading gains across the Mag 7 despite first quarter profit and revenue missing expectations. The positive spin is that CEO Elon Musk will spend more time working on Tesla rather than in government.   

- Boeing (BA) shares jumped after reporting first-quarter results that exceeded Wall Street's estimates, with a smaller-than-expected adjusted loss per share of 49 cents. he company is ramping up jet production, aiming to raise output of its 737 Max jetliner to 38 jets per month, and then seeking permission to increase to 42 units later this year.

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On this episode of Stock Movers:   
- AT&T (T) shares are higher with evidence that the provider is luring customers from rivals after Verizon missed on those figures earlier in the week. AT&T reported first quarter wireless postpaid phone net adds of 324,000, topping the analyst consensus estimate of 253,528. It also reiterated its 2025 full-year guidance.   
- Tesla (TSLA) shares are up following yesterday's earnings miss. It's leading gains across the Mag 7 despite first quarter profit and revenue missing expectations. The positive spin is that CEO Elon Musk will spend more time working on Tesla rather than in government.   
- Intel (INTC) is up in premarket trading as it's set to announce plans to cut more than 20% of its staff. The move is part of a bid to streamline management under new CEO Lip-Bu Tan, who took the helm last month. The company is scheduled to report first-quarter results on Thursday, giving Tan an opportunity to lay out more of his strategy.
- SAP (SAP) is up this morning after it reported first quarter profit topping estimates, as it continued to show cloud growth.

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On this episode of Stock Movers:

- SAP shares surge as much as 11%, the most since 2019, after the German software company reported a 29% growth in current cloud backlog on constant-currency terms, indicating resilient demand for its cloud-based software despite growing trade uncertainties. The company beat estimates for profits and free cash flow as its cost cuts starting last year bear fruit.

- Reckitt Benckiser reported lackluster sales growth and said market conditions could affect the timing of its transformation, causing its shares to slide.

- BNP Paribas Exane raised its recommendation on Industria de Diseno Textil to outperform from neutral as the Spanish clothing retailer is well-positioned to weather the tariff crisis.

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On this episode of Stock Movers:

- Tesla (TSLA) backed away from an earlier view for 2025 sales growth and pledged to revisit its outlook next quarter, a sign that tariffs, an aging vehicle lineup and the backlash against Chief Executive Officer Elon Musk are having an impact on the electric-vehicle maker. The company on Tuesday reported adjusted earnings of 27 cents per share for the first quarter, below the average analyst estimate. Tesla omitted an earlier prediction that sales would return to growth for the full year, saying instead that it’s “making prudent investments that will set up” the vehicle business for growth. That will depend on factors including production increases and the “broader macroeconomic environment.” Shares in the EV maker were little changed after the earnings release.

- Equifax (EFX) shares rose the most since November 2022 on the news the credit-reporting agency's first-quarter profit beat estimates. This was despite the Atlanta-based firm declined to raise its guidance, citing the tariff-induced uncertainty in the economy and falling consumer confidence. “Given the strength in the first quarter and our current run rates in key verticals, we would normally be increasing our 2025 revenue and adjusted EPS guidance” Chief Executive Officer Mark Begor said on a call with analysts.

- Northrop Grumman (NOC) reported first-quarter profit that missed analysts’ expectations and cut its earnings forecast for the year as costs mounted for its next-generation B-21 stealth bomber. The shares fell the most since the early days of the pandemic on Tuesday, after Northrop said per-share profit declined by 47% in the first quarter, primarily due to new loss provisions tied to the B-21. Northrop, which for 2023 took a nearly $1.6 billion pretax charge on the program, added $477 million to the tally, as manufacturing costs rose and the company invested in its production systems to speed the program’s ramp-up.

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