Stock Movers

On this episode of Stock Movers:

- 3M (MMM) shares jumped after it stood by its full-year financial guidance while acknowledging new risks from the unfolding trade war, with executives outlining its strategies to manage a turbulent business environment. Tariffs will have a negative impact of as much as 40 cents a share on full-year earnings, the company said Tuesday in a statement as it reported first-quarter results. Still, 3M reaffirmed guidance for 2025 adjusted profit of $7.60 to $7.90 a share.

- Diaper-maker Kimberly-Clark (KMB) lowered profit expectations for the year, citing uncertainty arising from the impact on the global trade war on its costs.The Texas-based manufacturer of diapers and paper towels now sees flat to positive 2025 adjusted operating profit on a constant currency basis, instead of the high single-digit growth rate it forecast in January. “The current environment will now mean greater costs across our global supply chain versus our expectations at the beginning of the year,” Chief Executive Officer Mike Hsu said in a statement announcing first-quarter results.

- Verizon (VZ) shares were lower after it reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, the result of heavy competition and less spending by government agencies. The largest US wireless provider recorded a loss of 289,000 monthly phone subscribers, according to a statement Tuesday, more than the 185,500 loss estimated by analysts on average. That’s a significant reversal from the 568,000 subscribers added in the fourth quarter and more than double the decline recorded at the same point last year. Verizon attributed some of the loss to reductions at some federal agencies, as the Trump administration moves to slash thousands of jobs.

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On this episode of Stock Movers:
- Verizon (VZ) shares fall after the company reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, the result of heavy competition and less spending by government agencies.
- 3M (MMM) shares rise after the company reaffirmed its full-year financial guidance despite acknowledging new risks from the trade war, which is expected to have a negative impact of up to 40 cents a share on full-year earnings.
- Tesla (TSLA) shares rise ahead of earnings. Tesla's stock has plummeted 53% since December, and investors are looking to Elon Musk to inject excitement back into the company when it reports results.

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On this episode of Stock Movers:
- Tesla (TSLA) shares rise ahead of earnings. Tesla's stock has plummeted 53% since December, and investors are looking to Elon Musk to inject excitement back into the company when it reports results.
- Verizon (VZN) shares drop after the telecom company reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, losing 289,000 monthly phone subscribers due to heavy competition and lower spending by government agencies.
- Limberly Clark (KMB) shares fall after the personal care product company cut its year profit outlook, and reported an expected decline in 1Q organic sales. It also sees adjusted operating profit on constant currency basis flat to positive, had seen mid-to-high single-digit growth.

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On this episode of Stock Movers:
- GE Aerospace (GE) is higher this morning after reaffirming its full-year financial outlook, expecting profit and sales to grow this year, driven by demand in the commercial business and cost control efforts. GE Aerospace shares had gained about 6.9% this year through Monday's close, and the company's adjusted first-quarter earnings were $1.49 a share, beating analyst estimates, with sales of $9 billion in line with estimates.
- 3M (MMM) are down in premarket trade after coining the phrase "tariff sensitivity." However, it is standing by its full-year financial guidance while acknowledging new risks from the unfolding trade war, compounding the challenges for Chief Executive Officer William Brown as he tries to turn around the sprawling manufacturer.
- Tesla (TSLA) shares are rebounding this morning after yesterday's slide. It comes ahead of a key earnings report, after Wedbush Securities analyst Dan Ives said Musk should step back from his government work and focus on Tesla, citing brand damage and a potential 15%-20% permanent demand destruction.
- Verizon (VZ) shares are lower after it reported a larger-than-expected decline in mobile-phone subscribers in the first quarter, losing 289,000 monthly phone subscribers due to heavy competition and lower spending by government agencies. The company's operating revenue increased to $33.5 billion, topping estimates, and adjusted earnings were in line with projections, with a reaffirmed guidance for 2% to 3.5% earnings growth this year.

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On this episode of Stock Movers:

- Northrop Grumman (NOC) shares are down after lowering their full year guidance for operating income. It also reported lower first-quarter profit than analysts expected and cut its earnings outlook for the year as manufacturing costs rose and the company stepped up investments in production of the B-21 bomber.

- GE Aerospace (GE) is higher this morning after reaffirming its full-year financial outlook, expecting profit and sales to grow this year, driven by demand in the commercial business and cost control efforts. GE Aerospace shares had gained about 6.9% this year through Monday's close, and the company's adjusted first-quarter earnings were $1.49 a share, beating analyst estimates, with sales of $9 billion in line with estimates.

- 3M (MMM) are down in premarket trade after coining the phrase "tariff sensitivity." However, it is standing by its full-year financial guidance while acknowledging new risks from the unfolding trade war, compounding the challenges for Chief Executive Officer William Brown as he tries to turn around the sprawling manufacturer.

- Tesla (TSLA) shares are rebounding this morning after yesterday's slide. It comes ahead of a key earnings report, after Wedbush Securities analyst Dan Ives said Musk should step back from his government work and focus on Tesla, citing brand damage and a potential 15%-20% permanent demand destruction.

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On this episode of Stock Movers:
- Novo Nordisk slumped after a pill from rival Eli Lilly helped patients shed weight and control blood sugar about as well as its injected blockbuster Ozempic. The stock dropped as much as 9.8% to 380 kroner early in Copenhagen, the first trading day since the Thursday announcement that buoyed Lilly.
- The Trump administration halted work on an offshore wind farm being built off New York amid a broader review of the sector’s projects. The halt is the latest — and perhaps biggest — blow to a sector that seemed on the verge of major growth just four years ago.
- European electrification stocks are trading lower and underperforming the broader market on Tuesday after an analyst at Wells Fargo Securities said Amazon.com’s web services business is pausing some data center leases. Kevin Miller, vice president of global data centers at Amazon Web Services, said in a post on LinkedIn there “haven’t been any recent fundamental changes in our expansion plans,” though there has been “routine capacity management,” which can be based on such factors as price and location

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On this episode of Stock Movers:

- Netflix (NFLX) found itself one of the top performers in the S&P 500 during an otherwise down day on Wall Street. Investors have come to see Netflix as a safe bet during a time of great economic uncertainty and challenges for conventional movie and TV businesses. With a global audience of more than 700 million viewers, the company said it has seen no impact on its business from President Donald Trump’s tariffs or the market volatility that has followed. Last week, Netflix reported record profit to start the year.

- Uber (UBER) shares slid after the company was sued by the US Federal Trade Commission, which claims the rideshare and delivery company hurt consumers through “deceptive billing and cancellation practices” as part of its flagship subscription service. In a complaint filed Monday, the FTC alleges the company charged consumers for its Uber One product without their consent, misled users about the program’s savings and made it “unreasonably” burdensome to cancel the service. The agency found users can be required to navigate as many as 23 screens and take up to 32 actions to cancel, according to an FTC statement.

- Tesla (TSLA) shares fell on renewed questions over Elon Musk’s role with the federal government and uncertainty over the company’s plans to introduce a lower-cost electric vehicle. Wedbush Securities analyst Dan Ives said Tesla’s chief executive officer should step back from his controversial work at the Department of Government Efficiency and re-focus his attention on the carmaker. Tesla is facing a “code red” moment as it prepares to report first-quarter earnings Tuesday, the analyst said.
“Musk needs to leave the government, take a major step back on DOGE, and get back to being CEO of Tesla full-time,” Ives wrote in a report to clients Sunday. “Tesla is Musk and Musk is Tesla... and anyone that thinks the brand damage Musk has inflicted is not a real thing, spend some time speaking to car buyers in the US, Europe, and Asia. You will think differently after those discussions.”

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On this episode of Stock Movers:

- Sweetgreen (SG) shares fell on news the salad restaurant chain's COO would leave the company. Bank of America also cut its price target from $36 to $31.

- Amazon (AMZN) was downgraded by Raymond James on anticipation that earnings will come under pressure from its increasing investments and the steep US tariff increases on imports from China. Amazon shares are down more than 30% off a February peak, participating in the broad-based market slump that has largely come on tariff uncertainty. The stock fell 3.4% on Monday, on track for both its fifth straight negative session and its lowest close since August. While Raymond James still has the equivalent of a buy rating, downgrades of Amazon are rare, and 95% of the analysts tracked by Bloomberg recommend buying the stock.

- Shares in Discover Financial (DFS) and shares in Capital One (COF) both rose following word that Capital One received approval from US regulators to buy Discover. The Federal Reserve and the Office of the Comptroller of the Currency, regulators responsible for approving the deal, announced their decisions in separate statements Friday. In giving its nod, the Fed said it evaluated “the financial and managerial resources of the companies, the convenience and needs of the communities to be served by the combined organization, and the competitive and financial stability impacts of the proposal.” The transaction — valued at $35 billion when it was announced — was awaiting a last remaining hurdle: The question of whether the US Department of Justice would sue to block the acquisition. Staff had been divided about whether the DOJ should challenge the tie-up, with some concerned the deal could harm competition, Bloomberg reported earlier this year. But antitrust division chief Gail Slater determined there wasn’t enough evidence to challenge the deal.

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On this episode of Stock Movers:
- Tesla (TSLA) shares drop after Wedbush Securities analyst and a Tesla bull Dan Ives warns of a “code red” moment ahead of first-quarter earnings. Ives said Elon Musk should step back from his work at the DOGE and focus on Tesla as he believes Musk’s involvement with the government has led to brand damage.
- Netflix (NFLX) shares rose after the streaming giant forecasted revenue for the second quarter that beat the average analyst estimate when it reported Thursday after markets closed. Analysts see the company’s business as resilient amid a tougher macro environment.
- Nvidia (NVDA) shares fall due to a growing list of perils, including a US ban on selling the H20 chip line in China. The news added to concerns that spending on AI could be poised to slow, especially as the escalating trade war further clouds overall prospects for economic growth.

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On this episode of Stock Movers:
- TSMC (TT) shares drop as much as 2.1% in Taiwan after the company’s Arizona subsidiary posted a loss of NT$14.3 billion last year. Weakness continued in TSMC’s depository receipts in New York after company listed challenges of ensuring export control compliance.
- Netflix (NFLX) shares rose after the streaming giant forecasted revenue for the second quarter that beat the average analyst estimate when it reported Thursday after markets closed. Analysts see the company’s business as resilient amid a tougher macro environment.
- MicroStrategy (MSTR) shares rise after it announced it bought 6,556 Bitcoin for $555.8 million between April 14 and April 20, raising its total holdings to more than $36.4 billion.

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On this episode of Stock Movers:
- Tesla (TSLA) shares are lower this morning after Wedbush Securities analyst and a Tesla bull Dan Ives warns of a “code red” moment ahead of first-quarter earnings. Ives said Elon Musk should step back from his work at the DOGE and focus on Tesla as he believes Musk’s involvement with the government has led to brand damage.
- Capital One (COF) shares are after receiving approval from US regulators to buy Discover Financial Services, creating the nation's biggest credit-card issuer by loan volume. The deal, valued at $35 billion, is expected to close on May 18 and will increase competition in payment networks, offer more products to customers, and deliver community benefits. Discover also was trading higher in premarket.
- Netflix (NFLX) shares have continued their climb higher after Thursday's earnings report that showed record profit to start the year, with first-quarter earnings rising 25% to $6.61 a share, beating analysts' estimates. Netflix projected strong results in the current quarter, forecasting sales will grow 15% to $11 billion and a 44% jump in earnings to $7.03 a share, both above Wall Street projections.
- Hertz (HTZ) shares are lower this morning after it jumped significantly this week following Bill Ackman's major investment in the company.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Tesla (TSLA) shares are lower this morning after Wedbush Securities analyst and a Tesla bull Dan Ives warns of a “code red” moment ahead of first-quarter earnings. Ives said Elon Musk should step back from his work at the DOGE and focus on Tesla as he believes Musk’s involvement with the government has led to brand damage.
- Coinbase (COIN) is rising along with other crypto stocks as several crypto firms plan to apply for bank charters, according to a WSJ report.
- Capital One (COF) shares are after receiving approval from US regulators to buy Discover Financial Services, creating the nation's biggest credit-card issuer by loan volume. The deal, valued at $35 billion, is expected to close on May 18 and will increase competition in payment networks, offer more products to customers, and deliver community benefits. Discover also was trading higher in premarket.
- Netflix (NFLX) shares have continued their climb higher after Thursday's earnings report that showed record profit to start the year, with first-quarter earnings rising 25% to $6.61 a share, beating analysts' estimates. Netflix projected strong results in the current quarter, forecasting sales will grow 15% to $11 billion and a 44% jump in earnings to $7.03 a share, both above Wall Street projections.

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On this episode of Stock Movers:

- UnitedHealth Group (UNH) shares fell the most in 26 years. The company cut its annual forecast and reported its first earnings miss in more than a decade, in a foreboding sign that weighed on other insurance stocks. UnitedHealth Group said it was blindsided by rising medical costs as the first quarter closed, upending a forecast it had affirmed just three months ago.

- Eli Lilly (LLY) shares surged after its experimental pill helped patients shed weight and control blood sugar about as well as Ozempic, an advance that could turbocharge what’s already one of the fastest growing markets in medicine. The triumph of Ozempic, the blockbuster diabetes shot from Novo Nordisk A/S, and related drugs including Zepbound and Mounjaro from Lilly, has set off an all-out push to develop a pill that’s easier to take and less expensive to make. While rivals including Pfizer have suffered setbacks, analysts said success is critical to creating the $130 billion market they predict by the end of the decade.

- Netflix Inc. reported first-quarter profit that exceeded Wall Street forecasts, boosted by a recent price increase and a strong slate of programming across the globe, like the hit UK series Adolescence. The owner of the world’s most popular online TV network said in a statement Thursday that earnings rose 25% to $6.61 a share, easily beating analysts’ estimates of $5.68. Sales grew 13% to $10.5 billion, in line with projections. This is the first time Netflix has reported financial results without disclosing how many customers it added or lost — the main yardstick investors previously used to gauge the company’s performance. Management is forcing investors to judge its success or failure based on more traditional financial metrics.

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On this episode of Stock Movers:

- UnitedHealth Group (UNH) shares fell the most in 26 years. The company cut its annual forecast and reported its first earnings miss in more than a decade, in a foreboding sign that weighed on other insurance stocks. UnitedHealth Group said it was blindsided by rising medical costs as the first quarter closed, upending a forecast it had affirmed just three months ago.

- Eli Lilly (LLY) shares surged after its experimental pill helped patients shed weight and control blood sugar about as well as Ozempic, an advance that could turbocharge what’s already one of the fastest growing markets in medicine. The triumph of Ozempic, the blockbuster diabetes shot from Novo Nordisk A/S, and related drugs including Zepbound and Mounjaro from Lilly, has set off an all-out push to develop a pill that’s easier to take and less expensive to make. While rivals including Pfizer have suffered setbacks, analysts said success is critical to creating the $130 billion market they predict by the end of the decade.

- Fidelity National Information Services (FIS) shares surged while Global Payments (GPN) shares are down. This comes after the company agreed to buy rival Worldpay from GTCR and Fidelity National Information Services. Global Payments also agreed to offload its issuer-solutions business to FIS. Some analysts are skeptical of Global Payments’ ability to accelerate growth following the Worldpay acquisition, while KBW downgraded Global Payments, saying its outlook is now more complicated.

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On this episode of Stock Movers:
- Charles Schwab’s (SCHW) shares rise after it said daily average trades exceeded expectations as retail investors rushed to respond to market volatility in the first three months of the year, with company executives saying drivers of future earnings are in flux.
- D.R. Horton (DHI) shares falls 1.5% after the homebuilder lowered guidance for full-year revenue; the guidance missed the average analyst estimate. Spring sales started slower than expected, cites “continued affordability constraints and declining consumer confidence”
- Google (GOOGL) shares drop after a federal judge found Google guilty of illegally monopolizing online advertising technology markets for advertising exchanges and ad servers.

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On this episode of Stock Movers:
- UnitedHealth (UNH) shares plunge after the company cut its annual forecast and reported its first earnings miss in over a decade. The company attributed the miss to rising medical costs, particularly in Medicare Advantage health plans and its Optum Health care delivery business, which were affected by Medicare payment changes.
- Eli Lilly (LLY) shares surge after data showed its experimental weight-loss pill worked as well as the Ozempic shot, bringing it one step closer to developing a needle-free alternative. The trial is one of several that Lilly is running to test the drug, called orforglipron, in diabetes, obesity and other related conditions like sleep apnea. Investors and analysts had expected it to work at least as well as Ozempic, the blockbuster diabetes shot from Novo Nordisk A/S.
- TSMC (TT) ADRs rise after the chipmaker forecast sales for the second quarter that beat the average analyst estimate. The company kept its growth outlook for 2025 on expectations of AI revenue doubling.

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On this episode of Stock Movers:
- United Health (UNH) is sinking considerably this morning after it cut its full year adjusted EPS forecast and missed first quarter earnings estimates. The company cites heightened care needs in Medicare and unanticipated changes in its Optum Health care delivery business. The company expects adjusted earnings in 2025 to be $26 to $26.50 a share, down from a previous range of $29.50 to $30 a share, and the company says factors affecting earnings should be "highly addressable" this year and in 2026.
- Eli Lilly (LLY) shares are soaring this morning after announcing its drug, oforglipron, became the first small molecule GLP-1 to successfully complete a Phase 3 trial.
- TSMC (TSM) shares jumped this morning in premarket trading after the chipmaker forecast sales for the second quarter that beat the average analyst estimate. The company kept its growth outlook for 2025 on expectations of AI revenue doubling.
- Hertz (HTZ) jumped this morning after it experienced its biggest gain ever yesterday. The upswing followed a CNBC report that stated Pershing Square Capital Management had amassed a position of almost 20% in the beleaguered car rental company. Bill Ackman’s investment firm said in a filing Wednesday that it bought 12.7 million shares valued at about $46.5 million at the time of the purchase.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- United Health (UNH) is sinking considerably this morning after it cut its full year adjusted EPS forecast and missed first quarter earnings estimates. The company cites heightened care needs in Medicare and unanticipated changes in its Optum Health care delivery business. The company expects adjusted earnings in 2025 to be $26 to $26.50 a share, down from a previous range of $29.50 to $30 a share, and the company says factors affecting earnings should be "highly addressable" this year and in 2026.
- Hertz (HTZ) jumped this morning after it experienced its biggest gain ever yesterday. The upswing followed a CNBC report that stated Pershing Square Capital Management had amassed a position of almost 20% in the beleaguered car rental company. Bill Ackman’s investment firm said in a filing Wednesday that it bought 12.7 million shares valued at about $46.5 million at the time of the purchase.
- Eli Lilly (LLY) shares are soaring this morning after announcing its drug, orforglipron, became the first small molecule GLP-1 to successfully complete a Phase 3 trial.
- Alcoa (AA) shares are lower this morning after reporting first quarter earnings. While the aluminum producer's adjusted profit topped estimates, its revenue missed forecasts, and the company says it incurred $20 million in costs on tariffs related to Canadian imports.

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On this episode of Stock Movers:
- Hermès’ sales at the start of the year were hurt by a slowdown in Chinese demand, showing that even the most resilient purveyor of high-end goods wasn’t spared the slump in the luxury industry there. First-quarter sales in Asia Pacific excluding Japan rose 1.2% at constant exchange rates, Hermès International SCA said in a statement Thursday, below the 4% gain analysts had expected. Total sales in the period reached €4.1 billion ($4.7 billion), with the 7.2% growth falling slightly shy of analysts’ estimates. Shares slid as much as 4.2% in early Paris trading.
- Siemens Energy AG shares surged after the company substantially raised its revenue and net income outlook for the fiscal year, citing demand for gas turbines, gas services and electricity products. The German manufacturer expects comparable revenue to grow as much as 15% this fiscal year through September, up from as much as 10% previously, the company said in a Wednesday pre-releasing quarterly earnings. Net income will rise to as much as €1 billion, up from a previous about break-even guidance.
- J Sainsbury Plc expects profits to be little changed this year as higher costs and intense competition put pressure on supermarket groups. Britain’s second-largest grocer forecast underlying operating profit from retail of about £1 billion ($1.3 billion), around the same level as last year. It’s the first time Sainsbury’s has reached that mark, although its Argos brand weighed on the performance.

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On this episode of Stock Movers:

- Northrop Gruman (NOC) and Lockheed Martin (LMT) shares are up after Morgan Stanley upgraded their view on defense companies. The bank said it’s taking into consideration the $1 trillion defense budget and potential for increased international exports.

- JB Hunt (JBHT) shares fell as analysts point to continuing concerns about the impact of tariffs and the broader economy on the trucker, even after the company reported first-quarter profit above expectations.

- Hertz Global Holdings (HTZ) shares had their biggest gain ever on reports that Pershing Square Capital Management amassed a position of almost 20% in the beleaguered car rental company. Bill Ackman’s investment firm said in a filing Wednesday that it bought 12.7 million shares valued at about $46.5 million at the time of the purchase.

- Omnicom Group (OMC) shares are down after the advertising company reported its first-quarter results. Revenue was fractionally under expectations, while operating profit was more significantly below the consensus analyst forecast.

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On this episode of Stock Movers:
- ASML (ASML) shares fall after it reported first-quarter orders that were almost a billion euros less than expected and warned it doesn’t know how to quantify the impact of recent tariff announcements that are threatening to upend the semiconductor industry.
- Interactive Brokers Group (IBKR) shares drop after posting 1Q adj. EPS and net interest income that fell short of expectations. The quarter’s general and administrative expenses increased 24% from the year-earlier period, driven primarily by an increase of $8 million in advertising expenses
- JB Hunt (JBHT) shares fall as analysts point to continuing concerns about the impact of tariffs and the broader economy on the trucker, even after the company reported first-quarter profit above expectations.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares fall after President Donald Trump’s administration banned the chip giant from selling its H20 chip in China. The firm warns it will report about $5.5 billion in writedowns during the current quarter, tied to inventory and commitments for the chip.
- Hertz (HTZ) shares soar after Pershing Square Capital Management revealed a large stake in the beleaguered car rental company. Bill Ackman’s investment firm bought 12.7 million shares valued at about $46.5 million at the time of the purchase, according to a filing Wednesday, making it one of Hertz’s largest shareholders.
- United Airlines (UAL) shares are higher after it provided two possible earnings scenarios, expecting an adjusted profit of $11.50 to $13.50 a share if the current environment remains stable, and $7 a share if the US economy enters a recession.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower this morning, leading a slide in global chip stocks, due to new US government restrictions on Nvidia chip exports to China. The restrictions on Nvidia's H20 chip are seen as a permanent policy driven by concerns over China's rise in the electronics sector and are expected to have a significant negative impact on the semiconductor supply chain.
- ASML Holding NV (ASML) shares are down not just due to Nvidia chip restrictions, but on comments regarding outlook from leadership due to tariffs and a disappointing report on orders.
- United Airlines (UAL) shares are higher after the carrier said it expects resilient earnings in the second quarter. It says its 2025 outlook remains achievable.
- Tesla (TSLA) share are lower after pausing the shipping of key components from China for its Cybercab and Semi models. It comes amid a growing US-China trade war.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower this morning, leading a slide in global chip stocks, due to new US government restrictions on Nvidia chip exports to China. The restrictions on Nvidia's H20 chip are seen as a permanent policy driven by concerns over China's rise in the electronics sector and are expected to have a significant negative impact on the semiconductor supply chain.
- ASML Holding NV (ASML) shares are down not just due to Nvidia chip restrictions, but on comments regarding outlook from leadership due to tariffs and a disappointing report on orders.
- United Airlines (UAL) shares are higher after the carrier said it expects resilient earnings in the second quarter. It says its 2025 outlook remains achievable.
- The Metals Company (TMC) is looking to continue the streak of gains for rare metals miners as the government plans to allow stockpiling of critical minerals.

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On this episode of Stock Movers:
- Technology stocks fell as new US government restrictions on the export of Nvidia Corp. chips to China and a disappointing report from Dutch chip-equipment maker ASML Holding NV fanned trade war concerns.
- Heineken NV said volumes of beer fell less than expected, even as a late Easter dampened demand for its top-selling brands in Europe and the Americas.
- BNP Paribas Exane initiated coverage of Novo Nordisk with a recommendation of underperform and a Street-low price target of DKK405.00. The broker cites the obesity drugmaker’s valuation, as well as demand and competition.

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On this episode of Stock Movers:

- Bank of America (BAC) gains as traders posted a record quarter. The bank reaped the benefits of volatile markets, and net interest income topped analysts’ estimates. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America beat analysts’ estimates for per-share earnings. Trading of fixed income, currencies and commodities came in close to expectations, bringing in $3.46 billion.

- Hewlett Packard Enterprise (HPE) is up on Bloomberg's reporting that Elliott Investment Management built a large position in the software and networking company. Elliott plans to engage with the software and networking company to help it boost value. The investment makes Elliott one of the company’s top five shareholders, according to data compiled by Bloomberg. Elliott’s exact intentions at HPE couldn’t be immediately learned.

- Albertsons (ACI) shares slid, putting the stock on track for its biggest one-day decline since October 2022, after the grocer’s fiscal-year adjusted EPS forecast trailed the consensus estimate. During the earnings call, COO and incoming CEO Susan Morris called the past year an “investment year.” CFO Sharon McCollam also said that its outlook excludes the impact of tariffs.

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On this episode of Stock Movers:

- Bank of America (BAC) shares climbed as the bank reported record trading revenue as the company's stock traders reaped the benefits of volatile markets. Revenue from trading rose 17% to just over $2 billion in the first three months of the year. The big bank's topline revenue was over $27 billion, highest in more than a decade. Meantime, Citi (C) shares also rose as after the bank reported FICC sales and trading revenue for the first quarter that beat Wall Street expectations.

- Netflix (NFLX) shares are in the green ahead of their earnings report coming later this week. Reports earlier from the Wall Street Journal said it aims to double its revenue and reach a $1 trillion market capitalization by 2030.

- Moderna (MRNA) shares are down as a panel of CDC advisers are meeting for the first time under new Health and Human Services Secretary Robert F. Kennedy Jr. to review data and make recommendations on vaccine policy. The CDC’s Advisory Committee on Immunization Practices (ACIP) will evaluate several shots.

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On this episode of Stock Movers:
- Bank of America (BAC) shares climb after its stock traders posted a record quarter due to volatile markets. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America beat analysts’ estimates for per-share earnings.
- Netflix (NFLX) shares rise after the Wall Street Journal reported that the streaming-video giant aims to double its revenue and reach a $1 trillion market capitalization by 2030.
- Boeing (BA) shares fall after Bloomberg reported that China had ordered its airlines not to take any further deliveries of the planemaker’s jets. It's part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods, according to people familiar with the matter.

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On this episode of Stock Movers:
- Applied Digital (PLD) shares fall after the digital infrastructure company reported third-quarter results that missed expectations for revenue and adjusted Ebitda. Analysts remain focused on when the company will sign a lease with a hyperscaler.
- Rocket Lab (RKLB) shares rise after the company said it was selected to provide hypersonic test launch capability through development programs in the US and UK. The company intends to bid for contracts and task orders across both programs with its Hypersonic Accelerator Suborbital Test Electron launch vehicle
- Netflix (NFLX) shares rise after the Wall Street Journal reported that the streaming-video giant aims to double its revenue and reach a $1 trillion market capitalization by 2030.

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On this episode of Stock Movers:
- Bank of America (BAC) is higher this morning after it reported strong earnings with big bank earnings wrapping up this week. Chairman and CEO Brian Moynihan also said that the bank will have to potentially face changing economic conditions.
- General Motors (GM) is selling off after yesterday's gains that came when President Trump signaled he's looking to pause auto tariffs so car companies can adjust to the duties. The president says the automakers will "need a little more time" to adjust to manufacturing auto parts in the US.
- Boeing (BA) is lower this morning on a headline that China has ordered its airlines to stop taking deliveries of Boeing jets and to halt purchases of aircraft-related equipment and parts from US companies. The move is seen as part of the ongoing trade war between the US and China, with China imposing retaliatory tariffs of 125% on American goods, including aircraft and parts.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Bank of America (BAC) is higher this morning after it reported strong earnings with big bank earnings wrapping up this week. Chairman and CEO Brian Moynihan also said that the bank will have to potentially face changing economic conditions.
- General Motors (GM) is selling off after yesterday's gains that came when President Trump signaled he's looking to pause auto tariffs so car companies can adjust to the duties. The president says the automakers will "need a little more time" to adjust to manufacturing auto parts in the US.
- Boeing (BA) is lower this morning on a headline that China has ordered its airlines to stop taking deliveries of Boeing jets and to halt purchases of aircraft-related equipment and parts from US companies. The move is seen as part of the ongoing trade war between the US and China, with China imposing retaliatory tariffs of 125% on American goods, including aircraft and parts.
- PepsiCo (PEP) is lower after Bank of America analyst Bryan Spillane downgraded the company to Neutral from Buy with a $155 price target, citing Frito-Lay North America growth likely remaining below the long-term trendline this year.

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On this episode of Stock Movers:

- Hermès’s market capitalization surpassed that of rival LVMH, the conglomerate which once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès International SCA’s valuation reached €243.65 billion ($276.3 billion) on Tuesday, briefly crossing the €243.44 billion of LVMH Moët Hennessy Louis Vuitton SE and catapulting it into the most valuable company on France’s benchmark CAC40 index. The stunning reversal in fortunes comes after LVMH tumbled as much as 8.4% in Paris following disappointing first-quarter results on slowing demand in China and the US and amid threats of an escalating trade war.

- President Donald Trump said he is exploring possible temporary exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing. “I’m looking at something to help car companies with it,” Trump told reporters Monday in the Oval Office. “They’re switching to parts that were made in Canada, Mexico and other places, and they need a little bit of time, because they’re going to make them here.”

- BE Semiconductor shares rally as much as 9.7% after Applied Materials said it has acquired a 9% stake in the Dutch chip-equipment maker via market-based transactions. Applied Materials says the investment isn’t subject to regulatory approvals; it doesn’t intend to seek board representation at BE Semi, and it has no plans to purchase additional shares

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On this episode of Stock Movers:

- General Motors (GM) shares were up as President Donald Trump's said he's exploring possible temporary exemptions to automotive tariffs Monday. The pause would give auto companies more time to set up US manufacturing. Trump imposed a 25% tariff on fully built vehicles, with duties on parts set to take effect no later than May 3. His separate tariffs on Canada and Mexico already contain a carveout for vehicles with enough domestic content to meet requirements under the existing North American trade agreement.

- Apple (APPL) shares jumped as the Trump administration pressed ahead with plans for semiconductor tariffs but on Monday touted exclusions for popular consumer electronics from 125% tariffs on China and a 10% baseline global tariff as beneficial for Apple.

- Meta (META) shares dropped as the US Federal Trade Commission pushed ahead with its antitrust probe against the social media giant. They are arguing that the company must be broken up for illegally monopolizing the social media market after buying Instagram and WhatsApp more than a decade ago. Meta CEO Mark Zuckerberg testified in federal court earlier today. He argued that Meta's social networks are not just about friends, but also about discovering and learning about the world.

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On this episode of Stock Movers:

- Apple (APPL) shares jump 4.5% on Monday after US President Donald Trump’s administration temporarily exempted phones, computers and chips from its so-called reciprocal tariffs. The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries. However, following the exemptions, Trump went on to pledge that he will still apply tariffs to popular consumer electronics — making the reprieve seem temporary and part of the longstanding plan to apply a different, specific levy to the sector

- Chipotle Mexican Grill (CMG) shares dropped as RBC analysts lowered the company's price target to $65 from $70 but keep an outperform rating on the shares. RBC also points that demand for the company's newly introduced Chipotle Honey Chicken might be softer than expected.

- Southwest Airlines (LUV) shares are down as the company's price targets were downgraded by Bank of America and Citi. This comes after Delta and other airlines are sending warning signs for the industry and overall demand for travel.

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On this episode of Stock Movers:
- Apple (AAPL) (AAPL) leads gains of Magnificent Seven stocks higher after President Donald Trump’s administration exempted phones, computers, and popular electronics from its so-called reciprocal tariffs.
- Intel Corp. (INTC) shares rise after agreeing to sell 51% of its Altera business to Silver Lake. The deal expected to close in the second half of 2025
- Peloton (PTON) shares rise after Deutsche Bank upgraded the exercise equipment maker to buy, saying the shares had been “unfairly punished” since second-quarter earnings.

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On this episode of Stock Movers:
- Apple (AAPL) shares jump on Monday after US President Donald Trump’s administration temporarily exempted phones, computers and chips from its so-called reciprocal tariffs. The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries.
- Goldman Sachs (GS) shares rise after stock traders posted their highest quarterly revenue haul on record, riding a wave of volatility triggered by an emerging global trade war that’s roiled financial markets. Equity-trading revenue rose 27% from a year earlier to $4.19 billion for the first three months of the year, according to a statement Monday.
- Pfizer (PFE) shares edge lower after it halted development of its highest profile experimental drug, an obesity pill aimed at the blockbuster weight-loss market dominated by shots from Novo Nordisk A/S and Eli Lilly & Co., after it was linked to liver damage in a clinical trial.

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On this episode of Stock Movers:
- Goldman Sachs (GS) shares are higher after reporting earnings. The big bank approved a $40 billion share buyback program and its 1Q equities trading revenue beat estimates.
- Apple (AAPL) is also higher with news of tech tariff exemptions. Needham analyst Laura Martin is also reiterating her Apple Buy position in addition to the news, maintaining her $225 price target.
- Pfizer (PFE) is down today as it plans to abandon its obesity pill, danuglipron, due to a potentially drug-related liver injury in a clinical trial patient. The company will instead invest in earlier-stage obesity treatments, a setback in its efforts to compete with Novo Nordisk and Eli Lilly in the weight-loss market.
- Intel (INTC) is soaring this morning as many chip-exposed companies are rising on news of a pause in US tariffs on chips and tech. Intel is also nearing an agreement to sell a stake in its programmable chips unit, Altera, to Silver Lake Management.

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On this episode of Stock Movers:
- Intel (INTC) is soaring this morning as many chip-exposed companies are rising on news of a pause in US tariffs on chips and tech. Intel is also nearing an agreement to sell a stake in its programmable chips unit, Altera, to Silver Lake Management.
- Apple (AAPL) is also higher with news of tech tariff exemptions. Needham analyst Laura Martin is also reiterating her Apple Buy position in addition to the news, maintaining her $225 price target.
- Pfizer (PFE) is down today as it plans to abandon its obesity pill, danuglipron, due to a potentially drug-related liver injury in a clinical trial patient. The company will instead invest in earlier-stage obesity treatments, a setback in its efforts to compete with Novo Nordisk and Eli Lilly in the weight-loss market.
- Comcast (CMCSA) is down after it was cut by Wells Fargo to underweight with a price target of $31.

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On this episode of Stock Movers:
- President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake US trade. The late Friday reprieve — exempting a range of popular electronics from 125% tariffs on China and a 10% flat rate around the globe — is temporary and a part of the longstanding plan to apply a different, specific levy to the sector. Trump doubled down on the plan Sunday.
- Shares of Chinese electric vehicle makers extend gains Monday after a news report said that China is in talks with the European Union to set minimum prices on EVs made in the Asian nation, instead of tariffs. BYD rises as much as 4.1% in Hong Kong, Geely +5.5%, Great Wall Motor +2.6%, Xpeng +7.7%, Nio +8.8%; SAIC Motor gains as much as 2.8% in Shanghai.
- Europe’s luxury-goods stocks have had a turbulent start to the year, giving investors plenty to consider heading into first-quarter results from sector bellwether LVMH. The January rally in luxury shares is now a distant memory, as President Donald Trump’s trade war threatens to escalate a violent equity selloff and inflict more pain on Europe’s makers of finer things. A luxury stocks index compiled by Goldman Sachs Group Inc. has shed more than $200 billion from its February peak, and hopes are evaporating that Chinese stimulus can spark a lasting rebound.

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On this episode of Stock Movers:

- Shares of Newmont (NEM) rose after UBS analyst Daniel Major upgraded the gold miner to "buy" from "neutral" and hiked the price target to $60 from $50 before the opening bell on Friday. The comes as gold rose to a record above $3,200 an ounce, as concerns about the impact of tariffs on the global economy boosted bullion’s appeal as a haven for investors. Prices gained as much as 1.9% to $3,237.89 on Friday, eclipsing the previous all-time high posted Thursday. Prices headed for a weekly increase of about 6%. Gold’s haven status has been underlined this week, with President Donald Trump’s flip-flopping on tariffs sparking frantic selloffs for US stocks, bonds and the dollar, as fears of a worldwide recession engulfed Wall Street.

- Wall Street’s gyrations shook markets anew, with stocks wiping out losses to extend their best weekly gain since 2023. Shares in chip giant Nvidia (NVDA) saw wild swings, rising as high as 18% on Wednesday before closing up about 3% in Friday trading.

- JPMorgan Chase's (JPM) stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January. The biggest US bank boosted equities markets revenue 48% to $3.81 billion, trouncing analysts’ expectations as well as the firm’s previous stock-trading record set four years ago. Still, Chief Executive Officer Jamie Dimon struck a cautious tone about prospects for the US economy in a statement Friday accompanying the results. “The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars,’ ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility,” Dimon said in the statement.

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On this episode of Stock Movers:

- JPMorgan Chase's (JPM) stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January. The biggest US bank boosted equities markets revenue 48% to $3.81 billion, trouncing analysts’ expectations as well as the firm’s previous stock-trading record set four years ago. Still, Chief Executive Officer Jamie Dimon struck a cautious tone about prospects for the US economy in a statement Friday accompanying the results. “The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars,’ ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility,” Dimon said in the statement.

- Shares of chipmakers with US manufacturing plants, like Texas Instruments (TXN) fell Friday after China announced new tariffs, targeting semiconductor imports. Beijing will raise tariffs on all US goods from 84% to 125%, and the China Semiconductor Industry Association issued an emergency notice, which stated that customs determines the origin of imports by where chips are manufactured, not the home country of origin. The news put particular pressure on Texas Instruments and Intel, which have semiconductor plants located in the US. TI shares fell 6.8%, while Intel sank 3.7%

- Shares of Newmont (NEM) rose after UBS analyst Daniel Major upgraded the gold miner to "buy" from "neutral" and hiked the price target to $60 from $50 before the opening bell on Friday. The comes as gold rose to a record above $3,200 an ounce, as concerns about the impact of tariffs on the global economy boosted bullion’s appeal as a haven for investors. Prices gained as much as 1.9% to $3,237.89 on Friday, eclipsing the previous all-time high posted Thursday. Prices headed for a weekly increase of about 6%. Gold’s haven status has been underlined this week, with President Donald Trump’s flip-flopping on tariffs sparking frantic selloffs for US stocks, bonds and the dollar, as fears of a worldwide recession engulfed Wall Street.

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On this episode of Stock Movers:
- Texas Instrument (TXN) shares fall, as geopolitical tensions between the U.S. and China continue to escalate. Earlier, the China Semiconductor Industry Association issued an emergency notice on the method for determining the origin of chip imports.
- Newmont (NEM) shares climb 3.9% premarket after UBS analyst Daniel Major upgraded the gold miner to buy from neutral and hiked the price target to $60 from $50 as the bank lifts its price forecast for bullion to $3,500 in 2026 and expects more cash returns.
- Wells Fargo & Co (WFC)shares drop, as the firm missed analysts’ estimates for net interest income in the first quarter with soft loan demand hurting the bank’s largest revenue stream as tariff uncertainty clouds the US economic outlook.

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On this episode of Stock Movers:
- JPMorgan Chase & Co.’s (JPM) shares rise as stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January.
- Morgan Stanley’s (MS) shares rise as stock-traders delivered first-quarter revenue that exceeded analyst predictions, as Wall Street’s biggest banks continue to benefit from turbulence ignited by President Donald Trump’s policies.
- Texas Instrument (TXN) shares fall, as geopolitical tensions between the U.S. and China continue to escalate. Earlier, the China Semiconductor Industry Association issued an emergency notice on the method for determining the origin of chip imports.

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In this episode of Stock Movers:
- JPMorgan (JPM) shares are higher after it blew past earnings estimates. The big bank still offered a cautious outlook amid uncertainty over tariffs and the US-China trade war. CEO Jamie Dimon did express caution about the US economy, citing potential negatives such as tariffs, trade wars, and high fiscal deficits, and warned that a recession is a "likely outcome".
- Wells Fargo (WFC) is also getting a boost but pared some gains this morning after reporting earnings, but it did miss on net interest income estimates. It did warn of a slowing economic environment after reporting results. The bank's non-interest expenses beat expectations with a 3.1% decline to $13.9 billion, and its provisions for credit losses were $932 million, less than forecast.
- Morgan Stanley (MS) shares are also higher after it recorded record results - net revenues for the first quarter were a record $17.7 billion. Within that, Institutional Securities (trading and banking) reported record net revenues of $9.0 billion.

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On this episode of Stock Movers:
- JPMorgan (JPM) shares are higher after it blew past earnings estimates. The big bank still offered a cautious outlook amid uncertainty over tariffs and the US-China trade war. CEO Jamie Dimon did express caution about the US economy, citing potential negatives such as tariffs, trade wars, and high fiscal deficits, and warned that a recession is a "likely outcome".
- Wells Fargo (WFC) is also getting a boost but pared some gains this morning after reporting earnings, but it did miss on net interest income estimates. It did warn of a slowing economic environment after reporting results. The bank's non-interest expenses beat expectations with a 3.1% decline to $13.9 billion, and its provisions for credit losses were $932 million, less than forecast.
- BlackRock (BLK) is lower after pulling in a less-than-expected $83 billion of client money to its investment funds in the first quarter, which ended just days before President Trump unleashed tariffs that stoked extreme volatility across stock and bond markets.
- Texas Instruments (TXN) is down this morning after it showed some weakness in production. It is on pace for its largest decrease in production since 2020.

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On this episode of Stock Movers:
- Swiss pharmaceutical giant Novartis AG said it would invest $23 billion in the US over the next five years to ensure its key drugs for Americans are made in the country, news that comes as President Donald Trump has promised to impose tariffs on global drug makers.
- - BP Plc said debts mounted in the first quarter, yet another setback for the UK energy major as it struggles to turn its finances around. Net debt climbed about $4 billion from the prior quarter, BP said Friday, citing an increase in working capital. It also reported lower upstream production and weak gas trading — disappointing for a company pivoting back toward its core fossil-fuel business.
- When Reckitt Benckiser Group set out last year to sell a portfolio of homecare brands, including household names such as Air Wick and Cillit Bang, it drew a bevy of private equity suitors despite a hefty £6 billion ($7.7 billion) price tag. But a bid deadline this week saw potential buyers of the business, including Lone Star Funds and Advent International, balk at making binding offers and pitch valuations in a much lower range of £3 billion to £4 billion, according to people familiar with the matter.

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On this episode of Stock Movers:
- US Steel (X) shares dropped after President Donald Trump said that while he loves Japan, he didn’t want a Japanese company to buy the steel manufacturer. Trump called US Steel a “very special company”
- Constellation Brands (STZ) shares are lower after the company issued downbeat guidance due to new US tariffs and muted demand, expecting earnings of $12.33 to $12.63 per share in the 2026 fiscal year.
- Nike (NKE) shares drop after Stifel analyst Jim Duffy cut the target on Nike Inc. Class B to $64 from $75. This comes after President Donald Trump paused higher tariffs for 90 days for dozens of nations that haven't imposed retaliatory measures on the US.

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On this episode of Stock Movers:
- Carnival (CCL) shares fall after it is upgraded to equal-weight from underweight at Morgan Stanley, with analysts saying that a lot of the bad news seems to be priced into cruise stocks given share-price declines.
- CarMax (KMX) shares fall after it removed timelines from its financial goals due to uncertainty around President Donald Trump's trade war and broader macro factors. The company reported worse-than-expected fourth-quarter results, causing its shares to drop 15% after the markets opened in New York.
- Constellation Brands (STZ) shares are lower after the company issued downbeat guidance due to new US tariffs and muted demand, expecting earnings of $12.33 to $12.63 per share in the 2026 fiscal year.

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On this episode of Stock Movers:
- Prada (PRDSY) shares are higher after it agreed to acquire Versace from Capri for $1.38 billion in cash in a deal aimed at strengthening its position as Italy’s largest fashion group. The Milanese company, controlled by billionaire designer Miuccia Prada and her husband Patrizio Bertelli, expects the transaction to close in the second half of this year, the companies said Thursday. Bloomberg News reported on March 2 that Prada was near a deal to buy Versace from Capri Holdings Ltd., which paid $1.8 billion for the brand in 2018.
- Walmart (WMT) shares are down as the company has asked price stickers get left off packages in China after the round of tariff increases. Walmart declined to comment on the news after yesterday's Analyst Day, in which the CEO said there are real time decisions to be made.
- Amazon (AMZN) shares are lower after CEO Andy Jassy says in his annual letter to shareholders that the company has to operate like the “world’s largest startup” as it works to meet demand for artificial intelligence and cut bureaucracy in its ranks. The company also recently revealed a long-delayed update to Alexa set to give the voice assistant more fluent conversational powers.
- US Steel (X) shares are lower this morning after President Trump said he opposed a Japanese company from buying the American steelmaker, and says it's a company that should remain in America. He said US Steel is a 'very special" company and does not want it to go anywhere but America.

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On this episode of Stock Movers:
- US Steel (X) shares are lower this morning after President Trump said he opposed a Japanese company from buying the American steelmaker, and says it's a company that should remain in America. He said US Steel is a 'very special" company and does not want it to go anywhere but America.
- Constellation Brands (STZ) shares are lower after the maker of Modelo and Corona beers issued a weaker than expected outlook for the 2026 fiscal year despite beating quarterly estimates. The impact of tariffs could weigh on the stocks.
- Disney (DIS) shares are slipping following China declaring it would reduce the number of US films allowed to enter the country. While they don't disclose revenue from China, it was clear the APAC region accounts for a considerable portion of Disney's revenue.

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