Stock Movers (iHeartPodcasts)

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: 

- Sodexo SA shares plunged the most in almost seven years after the French food services company lowered its revenue guidance, citing slower growth at its US university business. The stock dropped as much as 16% in Paris, the biggest intraday decline since March 2018. Rival catering companies also fell, with London-listed Compass Group Plc sliding as much as 4.1%. 

- British warship maker Babcock International Group Plc will rejoin the FTSE 100 index amid a rally in defense stocks as Europe ramps up security spending. The London-based firm will replace Hargreaves Lansdown Plc in the benchmark on Monday, FTSE Russell said in a statement. A spot is opening up in the index because Hargreaves has agreed to a takeover by a group of private equity firms. 

- Swiss watch exports’ downward trajectory resumed in February after a one-month respite, with all main markets seeing a decline. Shipments from Switzerland’s third-biggest exporting industry fell 8.2% overall, hampered by slow demand in China, the Federation of the Swiss Watch Industry said Thursday. In total, 102,000 fewer watches were exported. Only watches with an export price below 200 Swiss francs ($228) posted a positive result. Mid-market watches — priced between 500 and 3,000 francs — fell 15.4%, while timepieces above 3,000 francs slipped 7.3%. Precious metal watches held up better than steel watches, despite high gold prices.

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On this episode of Stock Movers:
- The Stoxx Europe 600 opened 1.8% lower with cyclical sectors leading declines. Miners, banks, industrials and consumers are falling 2.5% or more. There are concerns for Pandora’s manufacturing base of Thailand which Trump hit with a 36% tariff. Defensive sectors such as utilities, food and beverages, real estate, health care and personal care are in the green.
- Logitech shares sink as much as 12%, the most in over a year, hit by escalating trade tensions from the US. The computer peripherals firm is seen more sensitive to higher tariffs as it generates bulk of sales from the US and owns production facilities in China.
- Morgan Stanley analyst Sarah Simon sees AB Inbev as a potential beneficiary of these tariffs, given that the additional charges will likely render imported beer more expensive for the consumer. That could prompt market share loss for imported beers/improved market share for ABI in the US.

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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:

- Nike’s turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war.Shares fell in trading Friday as the sportswear maker signaled further declines in revenue and profitability from an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier, in part due to US tariffs on products from China and Mexico.
- FedEx Corp. shares tumbled after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments.Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat.
- Luminar Technologies shares rose after the maker of sensors for automobiles posted 4Q revenue that topped estimates and provided guidance for 2025, including guidance for revenue growth of as much as 20%. The quarter’s sensor sales increased, both to Volvo and adjacent-market customers; Luminar shipped more than 4,000 of its Iris sensors to customers and the vast majority of these sensors were shipped to Volvo, CFO Tom Fennimore said on the earnings call

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On this episode of Stock Movers:

- Tesla (TSLA) investors shrugged off the company’s worst vehicle sales since 2022 and bid up its shares on hopes that Elon Musk will step back from his work for the Trump administration. While the billionaire has yet to make an announcement about his plans, a report by Politico Wednesday suggested his time as a top adviser to Donald Trump may end soon. The president has told his inner circle recently that the Tesla chief executive officer will return to his businesses in the coming weeks, according to the news outlet, which cited unidentified Trump insiders. Tesla shares jumped following the report.

- Newsmax (NMAX) shares were cut in half on Wednesday after a raucous two-day surge fueled in part by retail traders briefly made it larger than Fox Corp. The stock slumped as much as 50%, wiping out $15 billion in market value, after a 2,230% surge in Newsmax’s first two days as a public company. Retail investors were less vocal about the stock in trader chatrooms compared to prior days, with buy orders on Fidelity’s platform more muted compared to those for larger companies.

- Amazon (AMZN) shares rose after the NYT reported that the e-commerce giant made a last-minute offer to buy TikTok in the US. The company sent its proposal in a letter to Vice President JD Vance, who’s heading efforts to help facilitate a sale of the US operations of the video platform ahead of a deadline later this week, and to Commerce Secretary Howard Lutnick.

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On this episode of Stock Movers:
- Schwab (SCHW) are up premarket after Citigroup raised the recommendation on the financial services firm to buy from neutral. Analyst Chris Allen wrote in a note, “For most names, we have reduced our earnings estimates due to market-driven and/or capital markets revisions. Schwab was the exception where improving new net assets trends, better-than-expected trading and capital return outlook provided an offset."
- Trump Media & Technology Group (DJT) slumped in pre-market trading after the company filed on April 1 to register up to 142.5 million shares and warrants for sale. The filing is the first step for the president’s trust, controlled by his son Donald Trump Jr.. to sell down a 114.75 million share stake. It also registered millions of shares owned by the sponsor of the blank-check firm that merged with Trump Media to take it public last year.
- Newsmax (NMAX) shares are retreating in US premarket trading, pausing its blinding IPO rally which saw shares surge 2,230% since its debut earlier this week. The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times.
- Hims & Hers (HIMS) shares jumped as much as 14%, the most intraday since February, after the firm said it is expanding its weight-loss offerings by adding access to generic liraglutide and branded tirzepatide through its telehealth platform.

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On this episode of Stock Movers:
- Kingfisher shares fall as much as 12%, the most since November, after the British home improvement firm reported a disappointing 2026 outlook, analysts note, with its French and Polish businesses weighing particularly.
- Shell said it would boost investor returns through the end of this decade by reinforcing its position as the world’s top trader of liquefied natural gas. The London-based energy giant will expand LNG sales, the key driver of profit growth in recent years, by 4% to 5% annually until 2030, according to a statement on Tuesday. This will help the company return as much as half its cash from operations to investors, with a preference for share buybacks.
- Barclays says it’s “time to take a breather” on EU truckmakers as an aggressive US tariffs stance could derail a rally driven by German spending reforms and early signs of a recovery in orders. Downgrades Volvo to underweight from equalweight and both Daimler Truck and Traton to equalweight from overweight.

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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.
- 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:

- It is currently difficult to call the valuation bottom for the European luxury sector due to limited visibility on earnings from tariffs impact and how that will impact global demand, JPMorgan writes in note as downgrades Pandora to neutral.

- Infineon Technologies AG signed a deal to buy Marvell Technology Inc.’s automotive networking business for $2.5 billion in an all-cash deal to strengthen its industry-leading car unit.

- Repsol shares pare early gains Tuesday after its 1Q upstream production missed analyst estimates on lower refining margin, weaker utilization rates amid maintenance works. Analysts expect a cut to consensus. Stock trades 0.2% higher after rising as much as 4.5%.

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On this episode of Stock Movers:
- UnitedHealth (UNH) shares rise after the US government said it will pay private Medicare Advantage plans more money next year than it originally proposed in January, a major win for insurance companies that haved increasing scrutiny in Washington.
- Humana (HUM) shares are up it was announced Medicare Advantage plans will see payments increase by an average of 5.06%, more than double the rate the government proposed in January.
-CVS (CVS) shares rally after the company said it expects its financial results to meet or exceed its previously issued guidance and named a new chief financial officer.

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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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On this episode of Stock Movers:

- Amazon (AMZN) shares rose on the news that it submitted a bit to the White House to buy social video app TikTok from its Chinese owners. The company sent its proposal in a letter to Vice President JD Vance, who’s heading efforts to help facilitate a sale of the US operations of the video platform ahead of a deadline later this week, and Commerce Secretary Howard Lutnick, according to people familiar with the matter. But the bid, reported earlier by the New York Times, is not being considered seriously by the administration, according to the person, who discussed the sale process on the condition of anonymity. The company declined to comment.

- Tesla (TSLA) investors shrugged off the company’s worst vehicle sales since 2022 and bid up its shares on hopes that Elon Musk will step back from his work for the Trump administration. While the billionaire has yet to make an announcement about his plans, a report by Politico Wednesday suggested his time as a top adviser to Donald Trump may end soon. The president has told his inner circle recently that the Tesla chief executive officer will return to his businesses in the coming weeks, according to the news outlet, which cited unidentified Trump insiders.

- Newsmax (NMAX) shares shed more than three-quarters of their value on Wednesday after a raucous two-day surge fueled in part by retail traders briefly made it larger than Fox Corp. The stock slumped 77%, wiping out $23 billion in market value, after a 2,230% surge in Newsmax’s first two days as a public company. Retail investors were less vocal about the stock in trader chatrooms compared to prior days, with buy orders on Fidelity’s platform more muted compared to those for larger companies.

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On this episode of Stock Movers:
- Palantir (PLTR) shares are down along with other tech giants and chipmakers after the NASDAQ entered a bear market to end last week. The S&P 500 experiencing its worst two-day plunge since March 2020, and the Nasdaq 100 entering a bear market, dragging the tech sector downward.
- Palo Alto Networks (PANW) is lower in the premarket, despite Wall Street analysts pointing to cybersecurity stocks as potential safe havens in market turmoil. Early indications are cybersecurity-related stocks like Palo Alto Networks are not beating the trend.
- Wells Fargo (WFC) shares tumbled along with other banks, including Goldman Sachs and other US big banks, with the nation's top financials set to report earnings this week. A severe slowdown in the economy and consumer spending could limit earnings of the big banks.
- Nike (NIK) shares are continuing their slide after it tumbled to hit its lowest level since 2017. The trend is downward for Nike this morning despite Vietnam looking to work with the Trump administration on a tariff negotiation, which would limit the threat to Nike's supply chain.

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On this episode of Stock Movers:
- Lululemon (LULU) shares are lower as President Trump's global tariffs weigh on crucial retail production countries including Vietnam and Indonesia. 40% of Lululemon's good are produced in Vietnam, which was hit with a 46% reciprocal tariff as part of President Trump's tariff plan.
- Apple (AAPL) stock is slumping after investors learned President Trump's tariffs will hit the company's supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new tariffs will likely squeeze Apple's margins and may lead to price hikes, which could be challenging given shaky consumer sentiment.
- Tesla (TSLA) shares are down following the tariff announcement, following the stocks of chipmakers.. Electric vehicles require a lot of chips for production, the supply chain of which could be upended by tariffs. The leading U.S. maker of electric vehicles closed up 5.3% on Wednesday following a Politico report that said Tesla CEO Elon Musk plans to step away from his government role in the coming weeks.
- Eli Lilly (LLY) is sinking along with the other pharmaceuticals as sectoral tariffs are expected to be announced as well.

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On this episode of Stock Movers:
- Europe’s Stoxx 600 index slid 1.1%, with tariff-exposed mining, bank, and auto shares falling the most. European traders are arriving to a sea of red across global equity markets, with all eyes on US President Donald Trump and the fresh tariffs he is expected to unveil this week. Hopes for a more targeted approach from his administration were dashed over the weekend after he told reporters he plans to start his reciprocal levies push with “all countries.”
- Primark Chief Executive Officer Paul Marchant resigned following an investigation into an allegation about his behavior toward a female employee in a social environment. Associated British Foods Plc, the owner of the fashion chain, said Monday that Marchant accepts that his actions fell below the standards expected by the company and that he has apologized to the woman concerned.
- Aston Martin Lagonda Global Holdings Plc expects to raise at least £125 million ($162 million) by selling more shares to Canadian billionaire Lawrence Stroll and its minority stake in the Formula One racing team. Stroll’s Yew Tree consortium is paying around £52.5 million to increase its stake in the struggling British carmaker to around 33%, the company said Monday. Yew Tree plans to acquire 75 million new shares at 70 pence apiece, a slight premium to Friday’s closing price.

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On this episode of Stock Movers:

- London’s Heathrow airport will close all day Friday after a nearby fire caused a major power outage, throwing one of the world’s busiest airports and the travel plans of hundreds of thousands of people into chaos. Home to airlines including IAG SA’s British Airways and Virgin Atlantic, Heathrow handles more than 1,400 flights and 200,000 passengers every day, and about 40 aircraft take off every hour at peak times on average.The airport, by far the biggest in the UK, is a major hub for trans-Atlantic travel as well as connections into the Middle East and Asia. While London has other airfields, including Gatwick and the smaller Stansted near Cambridge, Heathrow handles the lion’s share of air connections, and an outage on the current scale is unprecedented for the airfield.

- Douglas shares fall as much as 23%, the most ever and to a record low after the German beauty product retailer issued a profit warning, citing increasing competition and a consumer slowdown in France and Germany, its two biggest markets.

- J D Wetherspoon shares slide as much as 12%, hitting a two-year low, after Shore Capital said it expects consensus estimates to fall after the pub chain’s results came in softer than anticipated in the first half. Jefferies said it sees limited scope for its valuation multiple to expand due to concerns circling around the UK consumer.

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On this episode of Stock Movers:
- European defense stocks, one of this year’s best-performing groups, slump amid a broad market rout. Meanwhile, Reuters reports that US firm Howmet Aerospace told customers it has declared a force majeure event in the wake of the tariffs announced by President Donald Trump.
- The Trump administration decided against allowing Medicare to pay for obesity drugs, a move that would have given millions of older Americans access to the medications and cost the government billions.
- Shell shares drop as much as 8.4% to trade at the lowest in two years, after the oil major lowered its 1Q gas output guidance, adding to grim sentiment caused by the global stock market slump and oil prices at four-year lows. The company cited unplanned maintenance in Australia and adverse weather as reasons for the downgrade.

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On this episode of Stock Movers:

- Johnson & Johnson (JNJ) shares fell the most in five years after the company’s plan to settle thousands of talc-related lawsuits through bankruptcy was shot down in court. The ruling means J&J will have to fight roughly 60,000 claims brought by women who say the company’s hallmark baby powder caused ovarian cancer and other, similar gynecological diseases in courts across the country. It may also have to set aside far more than the $9 billion it had earmarked for victims. J&J’s shares dropped as much as 5.6% in New York today, marking the biggest intraday loss since March 2020.

-PVH Corp (PVH) shares climbed in their biggest intraday advance in two years after the owner of Calvin Klein and Tommy Hilfiger brands gave a guidance for 2026 adjusted earnings that beat the average analyst estimate. The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year. It’s more cautious than the view offered by Chief Executive Officer Stefan Larsson in December, when he projected “modest growth” for 2025. Revenue decreased 5% on a constant currency basis in 2024, the company said in a statement.

- Roblox (RBLX) shares are up as the video-game company announced it will roll out Rewarded Video ads for programmatic buying through Google. Rewarded video ads allow users to earn in-game perks for watching up to 30-seconds of full-screen video ads, according to a statement from Roblox on Tuesday. The gaming platform, which has 85 million daily users, has been increasing its advertising capability over the last few years, creating lucrative partnerships with the likes of Ralph Lauren, Chipotle Mexican Grill and other brands.

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On this episode of Stock Movers:

- General Motors (GM), Ford (F), and Stellantis (STLAM IM) are among big auto companies on the move after President Donald Trump signed a proclamation to implement a 25% tariff on auto imports. The effects of the tariff could be particularly pronounced at the low end of the market, with many of the least-expensive models from the likes of General Motors, Ford, Kia Motors and Hyundai being built outside the US.

- GameStop (GME) shares slumped as investors responded to the company’s plans to load up on debt in order to buy Bitcoin. The video-game retailer erased a quarter of its value today, shedding $3 billion in market capitalization in its largest drop since last June. The rout came after the company, on Wednesday afternoon, announced plans to sell $1.3 billion in convertible bonds to fund Bitcoin purchases as it embraces a strategy that was developed by the cryptocurrency advocate Michael Saylor.

- Petco (WOOF) shares rose after its full-year earnings outlook beat expectations, signaling its new leader’s efforts to close underperforming stores is boosting profitability.

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On this episode of Stock Movers:

- KB Home (KBH) shares fell after the homebuilder posted disappointing 1Q results and cut its fiscal 2025 revenue guidance, saying demand at the start of spring selling season was more muted than historical levels. The company missed its sales goals for 1Q. Management is cutting guidance primarily to reflect the lower level of net orders generated in the 1Q.
- Tesla (TSLA) sales fell for the 10th time in the last 12 months in Europe, where Elon Musk’s politicking and a changeover of the carmaker’s most important product have been major hindrances. The company registered 16,888 new cars in February, down 40% from a year ago, according to the European Automobile Manufacturers’ Association.
- Cassava (SAVA) shares slump after the drug developer said it will discontinue its Alzheimer’s program with simufilam by the end of the second quarter, following a late-stage trial failure. Topline data indicated that REFOCUS-ALZ did not meet each of the prespecified co-primary, secondary and exploratory biomarker endpoints.

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On this episode of Stock Movers:

-Apple (AAPL) shares plunge. Apple is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a yearslong effort to insulate the iPhone maker from trade wars and supply chain disruptions.A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering its worst stock rout in five years.
-Nike (NKE) shares fall. A tariff of 46% on goods from Vietnam is particularly painful for companies such as Nike, Adidas, and Lululemon, which produce significant amounts of merchandise in the country. Levies of 49% on Cambodia and more than 30% on Indonesia and Thailand are also problematic.
-Stellantis (STLA US) shares fall. Stellantis facilities are linked to halted production across its Canada and Mexico supply chain. The results of Donald Trump’s initial country and sector tariffs are also an early warning since global levies followed.

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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:

- Ocado gets a positive analyst rating from JPMorgan for the first time in over seven years, with the broker upgrading to overweight from neutral to reflect a “turning tide” in the digital grocery sector. The shares rise as much as 12%. Analyst Marcus Diebel, who last held an overweight on the stock in 2018, says in note there are now several reasons to take a more optimistic view and sees an inflection point approaching.

- CD Projekt’s strong 4Q earnings, boosted by positive tax one-off as well as cooperation with Scopely, is seen positive, however news that the game Witcher 4 won’t be released before 2027 may disappoint investors, according to analysts.

- British developer Vistry Group is planning to capitalize on a government pledge this week to inject £2 billion ($2.6 billion) into affordable homes, as the housebuilder looks to recover from a turbulent end to 2024. The company, which partners with housing associations to build affordable homes, said it was looking to progress “as quickly as possible” to deliver new units, according to a statement Wednesday. Chancellor of the Exchequer Rachel Reeves unveiled grants for social and affordable homes this week, as the Labour government aims to build 1.5 million homes over five years.

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On this episode of Stock Movers:

- Apple (AAPL) shares are down as the iPhone maker is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a years long effort to insulate the iPhone maker from trade wars and supply chain disruptions. A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering a stock rout. The new reciprocal tariffs — a tax on imported goods in response to existing tariffs — will reach 34% for China. That would bring the total rate on Chinese goods to 54%, threatening to roil an Apple supply chain that still has the Asian country at its heart.

- RH (RH) shares tumbled on a record decline, after the luxury home furnishing company’s annual revenue growth forecast trailed Wall Street expectations. Its fourth-quarter sales and profit also missed the average estimates. Analysts note that new round of tariffs add “significantly more uncertainty,” with BofA and Citi downgrading the stock.

- Lamb Weston Holdings (LW) rose after the french-fry supplier posted fiscal 3Q results that topped estimates and as management hired a consulting firm to look for cost savings.

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On this episode of Stock Movers:

- KB Home shares fell nearly 9% today after the homebuilder posted disappointing 1Q results. The firm also cut its fiscal revenue guidance for this year, saying demand at the start of the spring selling season was more muted. Analysts noted that affordability issues are putting pressure on housing activity.

- Trump Media & Technology Group plans to work with Crypto.com on a lineup of “Made-in-America” investments — an arrangement that puts the president’s social media company in business with a Singapore-based firm that was locked in a legal battle with US regulators last year. The Truth Social parent will sell exchange-traded funds tied to digital assets and other US-focused investments on a platform owned by Crypto.com, according to a statement Monday. The products will be available this year in the US, Europe and Asia, pending regulatory approval. Crypto.com will supply the cryptocurrencies and technology underpinning them, and they’ll be available through Foris Capital, a New Hampshire-based platform it acquired last year.

- Cassava shares slumped nearly 30% after the drug developer said it plans to discontinue its Alzheimer's program by the end of the second quarter, following a late-stage trial failure.

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On this episode of Stock Movers:

- Apple (APPL) shares are lower this morning in anticipation of minimal fines set to be imposed by the EU Monday on Apple and Meta under its Digital Markets Act. It seeks to avoid escalating tensions with President Donald Trump, the Financial Times reports, citing unidentified people familiar with the decisions. Apple is expected to be fined and ordered to revise its App Store rules, according to a person familiar. 

-Meta (META) stocks are also lower amid incoming fines from the EU coming Monday. The Financial Times reports that Meta will also be fined and be ordered to change its “pay or consent” model.-

-US Steel (X) shares surged this morning as a report emerged suggesting the Nippon Steel merger deal could be saved. Nippon Steel could invest, but not takeover, US Steel. Unions have opposed the deal--first proposed back in 2023--as did former President Biden and President Donald Trump.

- Lululemon (LULU) declined this morning after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US. CEO Calvin McDonald said that US shoppers are keeping their wallets tight and visiting stores less often amid geopolitical strife and high inflation.

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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:

- Tesla (TSLA) shares fell on Friday after starting the week on the upswing. One of Wall Street’s most bearish Tesla analysts further reduced estimates for the company’s earnings, citing the magnitude of car-buyer backlash against Elon Musk. Tesla’s first-quarter vehicle deliveries were far below even JPMorgan Chase & Co. analyst Ryan Brinkman’s pessimistic estimate, “confirming the unprecedented brand damage we had earlier feared,” he said in a report Friday. The EV maker also saw a key executive leave. David Lau, Tesla's vice president of software engineering, has told people at the company that he is stepping down, according to people familiar with the matter. Lau, one of the few executives to promote the automaker’s products alongside Elon Musk, has been at Tesla for almost 13 years and has held the vice president title since 2017. His team is responsible for the software in Tesla’s vehicles — overseeing infotainment and information security to over-the-air software updates — as well as cloud services and manufacturing systems.

- Shares in companies that have large manufacturing operations in Vietnam, including Nike (NKE) and Lululemon Athletica (LULU) soared Friday after President Donald Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. Nike shares erased an earlier loss to gain 3%. Apparel and shoemakers’ shares tumbled Thursday after the president unveiled a 46% levy on the Southeast Asian nation, where several had shifted manufacturing in recent years after Trump hit China with tariffs during his first term.

- Shares of big US banks plummeted, notching their biggest two-day drop since March 2020, after China escalated its trade war with the US.Some of Wall Street’s top lenders, Morgan Stanley (MS), Goldman Sachs (GS) and Citigroup (C) all closed more than 7% lower after China retaliated against President Donald Trump’s tariffs with a 34% levy on US goods. The KBW Bank Index tallied a roughly 16% drop over Thursday and Friday, the gauge’s worst two-session plunge since the start of the Covid-19 pandemic. Shares of JPMorgan Chase (JPM), which traded ex-dividend on Friday, erased some $51 billion from its market capitalization. Regional lenders also took a hit with the KBW Regional Banking Index slumping 3.7%, to close at the lowest level since July 9.

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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:
- 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:

- 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:
- Trump Media & Technology Group shares climbed this morning following recent news that the company behind the president’s Truth Social platform said it agreed with Crypto.com to offer a suite of “America-First” investment funds. The funds include ETFs holding Bitcoin and other digital assets.
- Dollar Tree shares jumped in premarket trading after the Wall Street Journal reported that the discount retailer is nearing a sale of its Family Dollar business to Brigade Capital Management and Macellum Capital Management for about $1 billion, citing people familiar with the matter. A deal is expected to be announced later Wednesday morning when Dollar Tree posts earnings, the WSJ reported
- GameStop shares rose in the premarket trade after the video game retailer said its board had approved an update to its investment policy to add Bitcoin as a treasury reserve asset. The company also reported fourth-quarter net sales that tumbled 28% year-over-year.

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On this episode of Stock Movers:
- International Consolidated Airlines Group shares fall as much as 4.3% after British Airways hub Heathrow Airport was forced to close all day Friday after a nearby fire caused a power outage. Disruption is likely to last for several days, according to Jefferies.
- FedEx shares slipped after lowering its full-year guidance for the third consecutive quarter due to inflation and uncertain demand for shipments. The company cited a "very challenging" operating environment, including a shorter peak shipping season and severe weather.
- Nike's shares fell in pre-market trading as the company signaled further declines in revenue and profitability due to an ongoing merchandise reset and the impact of US tariffs on products from China and Mexico. The company is trying to clear out old inventory through heavy discounting, but inventory levels remain "elevated across all categories", and gross margin is expected to decline sharply in the current quarter.
- Madison Square Garden Sports Class A trading volume jumped to more than five times the 20-day average for this time of day. Madison Square Garden Sports rose 2.2% to $199, but the shares are down 12% this year.

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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:

- Broadcom (AVGO) shares are up, after the chipmaker authorized a new buyback program of up to $10 billion shares. Analysts see the move as a sign of confidence following recent tariff-related weakness.

- Humana (HUM) shares surged after the US government said they will pay private Medicare Advantage plans more money next year than it originally proposed in January. It is a major win for insurance companies that have faced increasing scrutiny in Washington. The shares of insurers surged on the decision, posting some of their biggest intraday gains since 2020.

- RPM International (RPM) shares dropped after the manufacturer of building supplies forecast flat 4Q sales and posted disappointing 3Q sales. The management of RPM said the company is not immune to President Trump's tariffs.

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On this episode of Stock Movers:
- Tesla (TSLA) shares plunged in early trading to below a level that Commerce Secretary Howard Lutnick said the shares would never fall to again. Tesla bull Daniel Ives slashed his price target by 43%, citing a brand crisis as the electric vehicle maker, led be the world's richest man and top Trump adviser Elon Musk, has become a “political symbol globally.”
- JPMorgan (JPM) shares are lower along with other US big banks, with the nation's top financials set to report earnings this week. A severe slowdown in the economy and consumer spending could limit earnings of the big banks. Their stocks plunged last Thursday and Friday with the group having its worst two-day decline since March 2020. It also comes as CEO Jamie Dimon released his annual letter to shareholders, urging a quick resolution on tariffs.
- Apple (APPL) shares are lower in premarket trading after the iPhone maker declined 7.3% on Friday. Wedbush Global Head of Technology Dan Ives cut his price target on the stock to $250 from $325. Apple's market cap sank $443.5 billion last week, the largest weekly market cap decline on record. The stock dropped 13.6% last week, its worst week since the week ended March 30, 2020, when it plummeted nearly 18%.

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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:

- Canada Goose (GOOS) shares fell today on the news that Barclays was cutting the upscale parka retailer's rating to "underweight" from "equal weight", citing challenging macro pressures.

- Vaccine and biotech stocks, including Moderna (MRNA) plunged after a top regulator left the US Food and Drug Administration, casting deep uncertainty about the future of vaccines and cutting-edge gene therapies. Peter Marks, a key figure overseeing the review and approval of vaccines and other medications, resigned on Friday, citing friction with the views of new Health and Human Services Secretary and longtime vaccine critic Robert F. Kennedy Jr.

- Celsius Holdings (CELH) shares rose to hit its highest intraday level since September after Truist Securities upgraded its recommendation to buy from hold, saying the company’s Alani Nu acquisition gives it an “extremely strong position” in the women’s segment of the US energy drink category.

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On this episode of Stock Movers:
- Shares of Nike surged after President Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. The news reversed earlier losses for Nike, which had fallen after Trump unveiled a 46% levy on Vietnam, where several had shifted manufacturing in recent years.
- Tesla and Nvidia are leading the Magnificent Seven stock losses on Friday after China escalated a trade war by retaliating against new US tariffs with levies on all American imports. Nvidia fell -4.2% while Tesla slumped Tesla -5.7%

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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:
- 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:
- 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:

- Vaccine and biotech stocks, including Moderna (MRNA) plunged after a top regulator left the US Food and Drug Administration, casting deep uncertainty about the future of vaccines and cutting-edge gene therapies. Peter Marks, a key figure overseeing the review and approval of vaccines and other medications, resigned on Friday, citing friction with the views of new Health and Human Services Secretary and longtime vaccine critic Robert F. Kennedy Jr.

- Celsius Holdings (CELH) shares rose to hit its highest intraday level since September after Truist Securities upgraded its recommendation to buy from hold, saying the company’s Alani Nu acquisition gives it an “extremely strong position” in the women’s segment of the US energy drink category.

- Newsmax (NMAX) shares skyrocketed as much as 683% in their debut session, as individual investors piled into the conservative media outlet after its initial public offering. Shares were repeatedly halted for volatility. Newsmax raised $75 million in the offering, selling 7.5 million shares for $10 apiece. The mania for a loss-making cable news network stands in dramatic contrast with the year’s biggest and most high-profile IPOs, after Venture Global and CoreWeave realized valuations far less than initially proposed and have traded down in the days after their debuts.

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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:
- Tesla (TSLA) shares ticked slightly higher in premarket trading after President Trump's tariff announcement yesterday. The president said there would be "absolutely no tariff" for cars made in the US and Tesla has key factories in California and Texas. However, the EV company could still face the effects of tariffs for auto parts.
- Robinhood (HOOD) shares rose in premarket trading after the financial services platform introduced several new products at a Wednesday event, including Robinhood Strategies, Robinhood Banking and Robinhood Cortex. Robinhood Strategies is a wealth management service that caps management fees at $250/year for “Gold” subscribers. Robinhood didn’t disclose an RIA referral program, but anticipates a more formal announcement around an RIA referral network “in the coming months.”
- Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.

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Stock Movers is a new, five-minute podcast on today's winners and losers in the stock market. Listen for analysis on the companies making news in markets.     

Listen on Apple: https://podcasts.apple.com/us/podcast/stock-movers/id1803209456     

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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:
- Newsmax (NMAX) shares popped after opening 40% above their initial public offering price of $10 apiece, before triggering a halt for volatility. The cable news network raised $75 million from the sale of 7.5 million shares, according to a statement Mar. 28, and its IPO has given founder and CEO Christopher Ruddy a fortune of about $3.3 billion after its shares surged 735%.
- Johnson & Johnson (JNJ) is falling after a federal judge rejected the health-care products maker’s third attempt to use bankruptcy of one of its small units to end baby powder cancer claims. Analysts said that this added to the overhang on the shares given the uncertainty over how it will deal with the claims.
- Live Nation (LYV) shares are down after President Trump signed an executive order cracking down on ticket scalping and fees that drive up the costs of attending live events for consumers. The order directs the Federal Trade Commission and other agencies to ensure competition laws are enforced, promote price transparency, and prevent ticket resellers from gouging consumers.
- Microvast Holdings (MVST) jumped as much as 56% in US premarket trading after the lithium-ion battery maker reported 2024 revenue that beat its guidance thanks to growing demand for its technology.

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On this episode of Stock Movers:
- Tesla (TSLA) shares are down amid President Trump's incoming auto tariffs and as it expects to released its first-quarter deliveries on Wednesday. The electric car company snapped its nine-week losing streak last week, though it is down 35% on the year entering the trading day.
- Nvidia (NVDA) dropped pre-market following a disappointing IPO from the company it's backing, CoreWeave. The pure play AI start-up began trading Friday and shares fell below its offering price of $40. Nvidia's down 18% on the year coming into Monday.
- Newmont Corp. (NEM) shares are rising as gold prices rise and investors make defensive plays amid policy uncertainty about US tariffs.
- Moderna (MRNA) shares declined in premarket trading following the fiery resignation of Dr. Peter Marks, who led the FDA's Center for Biologics Evaluation and Research. Marks' quick approval for medicines for rare diseases has helped biotech companies, and the sector has sold off on the news.

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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:
- Eli Lilly (LLY) shares slump while large US and European drugmakers slide, underperforming amid a broad market slump, after President Donald Trump said the US was planning to announce “a major tariff on pharmaceuticals” soon.
- Walmart (WMT) shares fall as tariff-spooked shoppers begin pulling back on spending, Walmart Inc. is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.
- Ford Motor's (F) shares drop after top executive extended a show of support for Elon Musk after the Tesla Inc. leader went on a social media tirade targeting a key backer of President Donald Trump’s tariffs.In a post on X, Ford Chief Executive Officer Jim Farley said the carmaker’s top-selling F-150 pickup truck is designed, engineered, tested and manufactured “all within one square mile” in Dearborn, Michigan, the automaker’s longtime home.

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On this episode of Stock Movers:

- Enphase Energy (ENPH) shares dropped following a downgrade from Jeffrey's analyst Julian Duma and Smith, who raised concerns around the company's potential exposure to cuts in the Inflation Reduction Act. House Republicans are hoping for around $1.5 trillion in deficit reductions and the IRA could be a key area for tweaks. Companies like Enphase and First Solar could be most impacted.

- General Dynamics (GD) shares climbed as President Trump said the next defense budget may reach as much as $1 trillion. “We are very cost conscious but the military is something that we have to build and we have to be strong because you have a lot of bad forces out there now,” Trump said at the White House on Monday during a meeting with Israel’s Prime Minister Benjamin Netanyahu. Trump added his administration will approve a budget that will be “the biggest one we’ve ever done for the military.”

- Carnival Corp (CCL) shares are up as the company announced another $2 billion for two new cruise ships.

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On this episode of Stock Movers:
- Delta (DAL) shares are up despite the airliner pulling guidance this morning, citing stalled growth. The markets are buying the stock as the first quarter numbers are coming in line with expectations.
- AbbVie (ABBV) are lower as pharmaceutical stocks take a hit due to proposed tariffs by President Trump on the pharma industry. It is affecting stocks across the industry including overseas.
- Walmart (WMT) shares are higher as the company's CEO says it's looking at cost-cutting measures and keeping prices as low as it possibly can. The company still sees net sales growing 3% to 4% this year, according to a 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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-Apple shares (AAPL) fall. Apple is being heavily impacted by President Trump's new tariffs, which will affect its supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new reciprocal tariffs — a tax on imported goods in response to existing tariffs — will reach 34% for China.

-Nike (NKE) shares drop. The world’s largest footwear and apparel companies are facing a shock to their supply chains after President Donald Trump announced new tariffs on Vietnam and other critical production hubs. Nike Inc. and Adidas AG made big bets on Vietnam over the last decade. Today, about half of all Nike shoes and 39% of Adidas shoes are made in the country.

- General Motors (GM) shares fall after President Donald Trump’s 25% tariff on US auto imports took effect on Thursday in a move expected to dramatically increase costs and upend industry supply chains.

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On this episode of Stock Movers:

- Tesla retail fans pushed shares as much as 12% higher today during trading. The company has long had an ardent fan base of individual investors who hang on Elon Musk’s every word on X, the social-media platform he owns. They analyze Tesla in great detail in online forums and largely function as a hype crew for the stock.

- United Airlines will begin charging customers more to access its airport lounges to help combat a rise in overcrowding since the pandemic. Individual United Club memberships will now cost $750 or 94,000 reward miles a year for MileagePlus loyalty program members, the company said in a message to customers on Monday. The company is also adding a new “All Access” membership tier priced at $1,400 or 175,000 miles that extends lounge access to certain guests traveling with a member.

- Space exploration company Intuitive Machines shares were up as much as 23%, the most intraday in two months, after management said its 4Q backlog has increased 22% year-over-year, marking the highest quarter-ending backlog in company history. During the earnings call, management said they see opportunity in the change of US administrations and the ensuing efforts to revamp government, including NASA. 

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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:

- Dollar Tree (DLTR) shares are up as it was raised to buy from neutral at Citi, which anticipates the higher across-the-board tariffs will be positive for the discount retailer.

- Stellantis NV (STLA) shares are down. However, the Jeep-maker is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump’s trade war. The automaker has outlined a program in which suppliers would apply for help from the company to make monthly tariff payments to the US government, according to a person familiar with the matter. Marlo Vitous, Stellantis’ head of purchasing in North America, laid out the plan during a meeting with suppliers in Detroit last week, the person said.

- AppLovin (APP) shares are up as a proposal to merge itself with the US subsidiary and eventually the global business of TikTok, as reported by CNBC, would help the advertising-technology firm accelerate its reach beyond its typical video-game clientele and into e-commerce. But its bid could be crowded out by other potential bidders such as Amazon, Blackstone and Oracle. AppLovin is expected by consensus to reach record free cash flow near $3 billion in 2025, thanks to ads, which yielded a 76% adjusted Ebitda margin in 2024.

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On this episode of Stock Movers:
- General Motors (GM) shares tumbled following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US.
- Ford (F) shares slipped also on the auto tariff news. The tariffs will come into effect on April 3, initially targeting fully assembled vehicles, and will expand to include major automobile parts by May 3.
- Tesla (TSLA) shares ticked slightly higher in premarket trading after President Trump's tariff announcement yesterday. The president said there would be "absolutely no tariff" for cars made in the US and Tesla has key factories in California and Texas. However, the EV company could still face the effects of tariffs for auto parts.
- Advanced Micro Devices (AMD) shares fell this morning in premarket after the chipmaker was downgraded to hold from buy at Jefferies, with analysts citing limited traction in artificial intelligence, among other negatives. Jefferies analyst Blayne Curtis also says that Street estimates for AMD are too high, while competition from Intel is growing.

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On this episode of Stock Movers:

- AstraZeneca's experimental cholesterol drug significantly reduced “bad” cholesterol in a mid-stage trial, boosting hopes for a potential blockbuster that could be part of a powerful combination medicine targeting weight loss and related ailments. The once-a-day pill led to a 50.7% reduction in low-density lipoprotein cholesterol, often called LDL, when given on top of statins, according to data presented at the American College of Cardiology in Chicago.

- UK supermarket stocks decline as analysts cut profit estimates following a recent profit warning from Asda who are reducing prices on 10,000 items, likely signaling a period of more aggressive market activity after managing challenges from Aldi and Lidl. Tesco and Sainsbury's will have to respond to Asda, which is seeking to reestablish itself as the UK's cheapest full-line supermarket.

- Travis Perkins shares fall as much as 13% to their lowest since June 2009 after the wholesaler said there was uncertainty regarding recovery in UK construction activity and challenging market conditions have continued. Citi sees consensus downgrades on the back of the guidance.

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On this episode of Stock Movers:
- Tesla stock is higher this morning along with the entire global auto sector, despite dismal news on European sales. Sales in Europe have fallen in 10 of the last 12 months, with a 40% drop in February compared to the same month last year. The company's sales declined 43% in the first two months of this year, despite a 31% rise in industrywide EV registrations. Tesla is counting on its redesigned Model Y to boost sales while Cathie Wood's Ark Investment Management expects Tesla's stock to hit $2,600 in five years, with 90% of its value coming from robo taxis.
- Trump Media and Technology Group shares jumped in premarket trading Tuesday after signing a non-binding agreement to partner with Crypto.com for a series of ETFs through its Truth.Fi brand. America-first investment funds to launch in 2025 alongside a slate of Truth.Fi SMAs. Trump Media will invest up to $250m of its own cash in ETFs and SMAs, custodied by Charles Schwab.
- KB Homes is down significantly after reporting first quarter earnings that missed estimates and a revenue drop. The figures are much lower than expected due to affordability concerns and it could signal concern over the American housing complex.

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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:

- 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:
- Lululemon Athletica Inc. shares dropped after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US.
- Nippon Steel Corp. shares slumped on a report that the company is considering investing as much as $7 billion to upgrade United States Steel Corp. facilities if it wins approval for its proposed $14.1 billion takeover.
-Argan Inc. shares climb 13% postmarket after the builder of power plants posted 4Q revenue that climbed 41% from the year-ago period.

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On this episode of Stock Movers:

 - Freeport-McMoRan moved on the news that US tariffs on copper imports could be imposed within several weeks, earlier than the 270-day deadline. Copper prices have risen to a record, with analysts expecting a 25% tariff to be imposed by the end of this year.
- Dollar Tree shares jumped in premarket trading after the Wall Street Journal reported that the discount retailer is nearing a sale of its Family Dollar business to Brigade Capital Management and Macellum Capital Management for about $1 billion, citing people familiar with the matter. A deal is expected to be announced later Wednesday morning when Dollar Tree posts earnings, the WSJ reported
- GameStop shares rose in the premarket trade after the video game retailer said its board had approved an update to its investment policy to add Bitcoin as a treasury reserve asset. The company also reported fourth-quarter net sales that tumbled 28% year-over-year.
- Tesla led Magnificent 7 shares lower today as it fell as much as 1.9%; stock is cut to hold at Mirae Asset Securities. The Bloomberg Magnificent 7 index, an equal-weighted gauge of the stocks, has fallen 9.6% this year, after jumping 67% in 2024.
- Nvidia is lower as much as 0.9%; the Financial Times reported that China’s energy rules for advanced chips could dent the chipmaker’s sales. The FT reports the rules would prevent Chinese companies from buying Nvidia’s best-selling processors should legislation be strictly implemented.

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On this episode of Stock Movers: 

- Tesla is leading gains among the Magnificent Seven stocks on Monday as retail investors buy into the stock. The stock is higher amid a broader rally, with US stock futures rising on signs that the next round of President Donald Trump’s tariffs may be more measured than previously suggested.

- Fannie Mae and Freddie Mac shares are rising Monday after the Wall Street Journal reported Sunday that the Trump administration is considering an executive order on housing that may push for the privatization of the two home loan giants.

- Michael Saylor’s MicroStrategy bought $584.1 million of Bitcoin after raising more than $700 million last week through the sale of so-called perpetual strife preferred stock. The purchase, the latest in a series of almost weekly acquisitions since late October, increased the dot-com-era software maker turned leveraged Bitcoin proxy’s holding of the cryptocurrency to around $44.3 billion.

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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:
- 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: 

- Dollar Tree (DLTR) shares rose after the retailer agreed to sell its troubled Family Dollar unit for about $1 billion. The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree’s bid to establish itself as a discount giant, with a price tag that’s a steep discount to the nearly $9 billion it paid for Family Dollar. Dollar Tree’s store count will roughly halve following the transaction. 

- Chewy’s (CHWY) profit and sales beat estimates buoyed by strong customer growth. Additionally, the company issued guidance for the first quarter that came ahead of consensus forecasts. Shares in the pet food retailer were higher in early trading today, before falling in after hours trading. 

- Freeport-McMoRan (FCX), a copper miner, climbed in trading today after US President Donald Trump’s administration signaled that tariffs on the industrial metal could be coming in weeks rather than months.

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On this episode of Stock Movers:

- Banks, miners and industrials are the best performers in Europe on Thursday after US President Donald Trump announced a 90-day pause on higher tariffs that hit dozens of trade partners, with the Stoxx Europe 600 up 5.9% to mark its best day in over five years. Sectors with ties to the health and growth of the global economy are rising the most, including banks (+9.3%), financials (+7.4%) and technology (+7.5%)

- European tech stocks were part of the biggest risers in the broad rally. Surge in tech stocks follows a 12% surge in the Nasdaq 100 Index on Wednesday, the benchmark’s strongest one-day performance since 2008

-  Tesco Plc shares fell after the supermarket chain warned profit would slip due to higher costs and competition for price-conscious UK shoppers. Britain’s largest grocer expects as much as £3 billion ($3.9 billion) in group adjusted operating profit this year, according to a statement Thursday, lower than the £3.1 billion in the 12 months ended Feb. 22.

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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.

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On this episode of Stock Movers:
- Tesla stock is higher this morning along with the entire global auto sector, despite dismal news on European sales. Sales in Europe have fallen in 10 of the last 12 months, with a 40% drop in February compared to the same month last year. The company's sales declined 43% in the first two months of this year, despite a 31% rise in industrywide EV registrations. Tesla is counting on its redesigned Model Y to boost sales while Cathie Wood's Ark Investment Management expects Tesla's stock to hit $2,600 in five years, with 90% of its value coming from robo taxis.
- Trump Media and Technology Group shares jump 10% in premarket trading Tuesday after signing a non-binding agreement to partner with Crypto.com for a series of ETFs through its Truth.Fi brand. America-first investment funds to launch in 2025 alongside a slate of Truth.Fi SMAs. Trump Media will invest up to $250m of its own cash in ETFs and SMAs, custodied by Charles Schwab.
- KB Homes is down significantly after reporting first quarter earnings that missed estimates and a revenue drop. The figures are much lower than expected due to affordability concerns and it could signal concern over the American housing complex.
- Carvana shares are up after Morgan Stanley analyst Adam Jonas upgraded the stock to overweight from equal weight, saying the pullback in shares creates an attractive entry point for investors.

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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:
- CVS (CVS) is getting a boost this morning following the Trump administration's increased 2026 payments for Medicare Advantage plans by more than double what the market was expecting. It also removes the possibility of having to close Medicare Advantage plans, which has pushed stocks like CVS and United Health (UNH), as well as others in the healthcare sector, higher.
- Broadcom (AVGO) is higher this morning after its downward trend following US tariffs levied across Taiwan, Vietnam, China, and other countires. The shares jumped on its $10 billion share buyback this morning.
- Apple (APPL) shares are higher as traders learned it may be getting a boost as customers front run the tariffs. Employees from different Apple locations across the country said stores filled with customers over the weekend — with the shoppers expressing concerns that prices will climb dramatically after the levies are imposed. Most iPhones, Apple’s best-selling and most important product, are manufactured in China, which is in line for tariffs of 54%.
- Nike (NKE) is climbing this morning as traders may be looking to "buy the dip" after severe declines for the stock and other retailers as tariff policy weighs on its price.

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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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On this episode of Stock Movers:
- Ford (F) is lower today following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US. - 23andMe Holding Co. (ME) shares jump as much as 147% intraday Thursday, a record, after a judge ruled that the genetic testing company can try to sell information about customer data amid its bankruptcy.
- Gamestop (GME) shares drop as much as 12%, the biggest intraday drop since Sept. 11, after the video-game retailer announced that it intends to offer $1.3 billion aggregate principal amount convertible senior notes due in 2030. A Wedbush analyst said he expects the offering to “fall flat.”

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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:

- The Stoxx Europe 600 opened 1.8% lower with cyclical sectors leading declines. Miners, banks, industrials and consumers are falling 2.5% or more.

- There are concerns for Pandora’s manufacturing base of Thailand which Trump hit with a 36% tariff. Defensive sectors such as utilities, food and beverages, real estate, health care and personal care are in the green. 

- Container ships and car carriers are the vessels that’ll be hurt the most from the Trump administration’s wide-ranging tariffs on exporters to the US, Fearnley Securities AS analysts wrote in a note. A tariff of 54% on Chinese exports and substantial ones for other Asian exporters will impact flows to the US and is a “clear negative” for container volumes, Fredrik Dybwad and Nils Thommesen said

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On this episode of Stock Movers:
- Newsmax (NMAX) shares popped after opening 40% above their initial public offering price of $10 apiece, before triggering a halt for volatility. The cable news network raised $75 million from the sale of 7.5 million shares, according to a statement Mar. 28, and its IPO has given founder and CEO Christopher Ruddy a fortune of about $3.3 billion after its shares surged 735%.
- Johnson & Johnson (JNJ) is falling after a federal judge rejected the health-care products maker’s third attempt to use bankruptcy of one of its small units to end baby powder cancer claims. Analysts said that this added to the overhang on the shares given the uncertainty over how it will deal with the claims.
- Tesla (TSLA) shares are up premarket after the stock closed with a loss Monday and ended the first quarter down 36%. It comes as other Magnificent 7 stocks decline and after reports of more negative sales news out of Europe: Tesla car sales in France plunged 37% in March.
- Live Nation (LYV) shares are down after President Trump signed an executive order cracking down on ticket scalping.

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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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On this episode of Stock Movers:

- Makers of vaccines and gene therapies, among other biotech companies, are seeing their shares tumble in Monday trading after the FDA’s top regulator for such therapies, Peter Marks, abruptly resigned. Vaccine stocks fall: Moderna -12%, Novavax -7%, BioNTech-8.0%, CureVac -7.2%, Vir Biotechnology -4.2%, Pfizer -1.6%

- Tesla is leading losses among the Magnificent Seven stocks on Monday ahead of President Donald Trump’s deadline for a new set of sweeping global trade tariffs.

-Canada Goose shares fall 4.7% in premarket trading on Monday as Barclays cuts the upscale parka retailer’s rating to underweight from equal-weight, citing challenging macro pressures

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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:
- 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:

- 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:

- BYD ’s sales last year surpassed the $100 billion mark, leapfrogging Elon Musk’s Tesla Inc. on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.

- Boeing Co. shares were upgraded to buy, from hold, at Melius Research after the planemaker won a contract for a next-generation US stealth fighter jet. Lockheed Martin Corp. shares were downgraded to hold, from buy, after the failure to win that contract and a series of other competitive losses.

- James Hardie Industries Plc Chief Executive Officer Aaron Erter defended the company’s $8.75 billion acquisition of home-decking provider AZEK Co.
Shares in James Hardie closed down 14.5% in Sydney trading, the steepest decline in 10 months, after the deal was announced Monday, wiping about A$2.9 billion off the company’s market value.

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On this episode of Stock Movers:

-Apple (AAPL) shares slip as Wedbush cuts the price target to $250 from $325, citing the Trump administration’s tariff policies. The firm retains a positive long-term view on the stock given its strong free cash flow and Services business.
- Dollar Tree (DLTR) shares inch higher, up about 1%, after Citi turned bullish, anticipating that the higher across-the-board tariffs will be positive for the discount retailer. Citi still acknowledges that ~50% of the company’s product is subject to higher tariffs.
-MicroStrategy (MSTR) shares fall after the company said it may not able to regain profitability in future periods, and significant decrease in the market value of its Bitcoin holdings could adversely affect ability to satisfy financial obligations and could cause default. The company also expects a net loss for 1Q.

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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:
- Alibaba (BABA) shares are down after China announced retaliatory 34% tariffs on US goods. Beijing will impose a 34% tariff on all imports from the US starting April 10, according to the official Xinhua News Agency. Chinese authorities said they will start a probe into medical CT X-ray tubes imported from the US and India, and halt imports of poultry products from two American companies.
- Apple (APPL) shares dipped after the company lost over $300 billion yesterday, second largest drop in market cap for any company ever. The drop comes as the company has moved its supply chain away from China but to countries that face high tariffs.
- Stellantis (STLA) shares are lower after about 6,000 workers in Canada were idled by day 1 of US tariffs. It comes along with reports of 900 US jobs cuts and Fitch downgrading the company's debt from BBB+ to BBB.
- Nordstrom (JWN) is lower this morning after Citi downgraded the stock from hold to sell. The stock was shielded from a bigger fall yesterday because there's a pending deal from the Nordstrom family and Mexican retailer Liverpool to take the company over at $24.25. Citi sees little upside, but a larger chance of the deal falling apart.

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On this episode of Stock Movers:

-Newsmax's (NMAX) meme-stock moment has given it a market value greater than Fox Corp.’s, with shares surging 2,230% since its debut earlier this week. The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times. Tuesday’s jump added $19.2 billion in market value as over 10 million shares swapped hands.

- Live Nation Entertainment (LYV) shares rose after President Donald Trump signed an executive order aimed at cracking down on ticket scalping and fees that drive up costs of live events. TD Cowen said it sees the executive order as a chance for the Ticketmaster owner to settle the antitrust lawsuit filed by the Department of Justice. Meantime, shares in online ticketing marketplace Vivid Seats (SEAT) fell.

- PVH Corp (PVH) shares climbed in their biggest intraday advance in two years after the owner of Calvin Klein and Tommy Hilfiger brands gave a guidance for 2026 adjusted earnings that beat the average analyst estimate. The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year. It’s more cautious than the view offered by Chief Executive Officer Stefan Larsson in December, when he projected “modest growth” for 2025. Revenue decreased 5% on a constant currency basis in 2024, the company said in a statement.

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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:
- Tesla shares dropped on the news it's recalling all the Cybertrucks it produced and sold in the first 15 months it was on the market in the US over a safety issue it’s having trouble resolving. The carmaker estimates that 1% of the 46,096 pickups it’s calling back have a defect, according to a recall report filed with the US National Highway Traffic Safety Administration. Pieces of steel trim along the exterior of the Cybertruck are joined to the vehicle by an adhesive that’s “susceptible to environmental embrittlement,” the company said.
- Nvidia shares rose on a report from the Financial Times that it plans to spend several hundred billion dollars to procure US-made chips and electronics over the next four years. Chief Executive Officer Jensen Huang told the FT that the latest chips designed by his company, and Nvidia-powered servers for data centers, can now be produced at US-based factories operated by Taiwan Semiconductor Manufacturing Co. and Foxconn Technology Group. It marked a major step forward in supply chain resilience for the Santa Clara, California-based chipmaker, Huang added.
- Five Below shares are moving after it forecast net sales for the first quarte and the guidance beat the average analyst estimate. The company sees net sales $905 million to $925 million, versus the estimate of $897.8 million.

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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.
- 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 (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:

 - FedEx shares slipped after lowering its full-year guidance for the third consecutive quarter due to inflation and uncertain demand for shipments. The company cited a "very challenging" operating environment, including a shorter peak shipping season and severe weather.

- Nike's shares fell in pre-market trading as the company signaled further declines in revenue and profitability due to an ongoing merchandise reset and the impact of US tariffs on products from China and Mexico. The company is trying to clear out old inventory through heavy discounting, but inventory levels remain "elevated across all categories", and gross margin is expected to decline sharply in the current quarter.

- Micron shares are moving down in premarket despite giving forecasts fiscal third-quarter revenue of about $8.8 billion, exceeding average analyst estimates of $8.55 billion. The company's strong demand is driven by components used in data center machines for artificial intelligence software, with data center revenue tripling from last year.

- NIO stock dropped on Friday after the electric vehicle maker missed Wall Street's revenue forecast and issued disappointing guidance. NIO reported fourth-quarter revenue of 19.7 billion Chinese yuan ($2.70 billion), as the number of EVs it delivered climbed 45% from a year ago to 72,689. Analysts were expecting revenue of $2.79 billion, according to FactSet consensus estimates. Guidance also looked soft.

- Lockheed Martin share are up with the White House set to announce the winner of the contest to build the next-generation fighter jet on Friday, choosing between Lockheed Martin and Boeing. The announcement will be made nearly two years after the Air Force issued a formal request for proposals for the Next Generation Air Dominance manned fighter, with plans to spend up to $16 billion on research and development through 2028.

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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:

- 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:

- Tesla's (TSLA) vehicle sales fell 13% last quarter to 336,681, its worst showing since the second quarter of 2022, due to factory retooling and international backlash against Elon Musk. Tesla Inc.’s deliveries from its Shanghai factory fell for the sixth straight month, extending a global sales decline as the brand continues to lose share in China’s ultra-competitive electric-vehicle market.
- nCino (NCNO) shares slide after the software company gave a weaker-than-expected outlook, prompting multiple downgrades. The stock touched an all-time low, shares seeing biggest intraday drop on record
- Newsmax (NMAX) shares drop as the conservative media outlet pauses its blistering IPO rally which saw shares surge 2,230% since its debut this week. Newsmax's stock surge is reminiscent of the meme stock craze in 2020 and 2021, with investors piling into stocks to power eye-popping gains, despite concerns about the company's fundamental value and ongoing litigation.

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On this episode of Stock Movers:
- Ralph Lauren Corp's (RL) shares slid after President and CEO Patrice Louvet reported a series of insider stock transactions to the US Securities and Exchange Commission. Louvet sold 14,800 shares in Ralph Lauren for $3,441,000.
- Oxford Industries shares were down as much as 12%, after the apparel company gave an outlook that is weaker than expected, prompting an analyst downgrade.
-Argan Inc. shares climb 13% postmarket after the builder of power plants posted 4Q revenue that climbed 41% from the year-ago period. 4Q revenue grew amid heightened quarterly construction activities at several projects, including the Trumbull Energy Center, a gas-fired power plant under construction near Lordstown, Ohio

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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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