Stock Movers

United Airlines Holdings Inc. said the second half of the year has become more predictable and suggested it may be able to beat its earnings targets after customers resumed booking flights following a tumultuous start to 2025.   The aviation industry has been whipsawed this year as consumers fret over the fallout from tariffs and inflation, and as disruptions at key airports like Newark Liberty International Airport near New York, a major United hub, deterred customers. Delta Air Lines Inc. said last week that travel in the US is recovering after approval of US President Donald Trump’s tax-cut and spending package and progress in tariff negotiations eased economic uncertainty.   For more on the state of the US airline industry, Lisa Mateo and Paul Sweeney speak to Bloomberg Intelligence Senior Analyst George Ferguson.See omnystudio.com/listener for privacy information.

Wall Street banks were optimistic Donald Trump’s second term would unleash a dealmaking boom. Instead, it’s delivered a trading bonanza.   First-half trading revenue at the five biggest lenders jumped $10 billion from last year to a record level, with tariffs and tax policy driving a surge of activity across equity, currency and bond markets. Investment-banking revenue, meanwhile, nudged up less than $1 billion, and is still almost 40% below the 2021 peak as that same volatility weighed on merger and IPO volumes.   For more on earnings results from the world's biggest banks, Tim Stenovec and Katie Greifeld speak with Ken Leon, Director of Equity Research at CFRA.See omnystudio.com/listener for privacy information.

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

On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Vonnie Quinn, Tim Stenovec and Isabelle Lee.- Charles Schwab (SCHW) shares climbed after the company reported second-quarter earnings that topped estimates as client assets hit a new record and trading revenue increased. Schwab posted adjusted earnings per share of $1.14 while total client assets climbed 14% to $10.76 trillion compared to the same period last year, according to a statement. Revenue from client trades also jumped 23% to $952 million. “Retail investors and RIAs continued to turn to Schwab as a trusted partner, opening over 1 million new brokerage accounts,” said Chief Executive Officer Rick Wurster. Daily average revenue trades just narrowly topped analyst forecasts at 7.57 million in a quarter characterized by market turmoil from President Donald Trump’s tariff and policy changes. The firm attracted $73.6 billion in total net new assets, which was below analyst expectations.- Robinhood (HOOD) shares rose along with the broader crypto space as President Donald Trump signed key crypto legislation into law. The President signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” and delivering a major victory for the digital asset industry. “The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,” Trump said Friday at a White House ceremony. “This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.” The measure sets regulatory rules for US dollar-backed stablecoins, including a requirement for firms to hold dollar-for-dollar reserves in short-term government debt or similar products overseen by state or federal regulators. Advocates see it as allowing for the broader adoption of digital assets in finance.- Humana (HUM) shares fell after it lost a lawsuit seeking to reverse cuts to its Medicare bonus payments, a blow for the insurer that had hoped the court would restore billions in revenue. A Texas judge ruled in favor of a government motion to dismiss the case, allowing a downgrade of Humana’s Medicare quality ratings that’s set to squeeze the company’s profits in 2026. Humana shares dropped as much as 7.5%. The judge called Humana’s federal court claim “premature” because the company hadn’t exhausted all the administrative procedures over the decision. The lawsuit was dismissed “without prejudice,” which means Humana could file the court case again. “Plaintiffs can seek review, just not until the end of the administrative appeal process,” the judge wrote.See omnystudio.com/listener for privacy information.

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

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

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

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

On this episode of Stock Movers:- Lucid (LCID) shares soared today as the electric vehicle start up plans to partner with Uber Technologies (UBER) and self-driving tech startup Nuro Inc. to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years.- Steve Madden (SHOO) shares rose today after Citi upgraded the stock to buy from neutral, saying the footwear maker’s margins are bottoming as fashion trends turn more favorable. “We believe 2Q EPS will mark the low point for SHOO’s margins as they navigate significant tariff pressure this year,” analyst Paul Lejuez writes in a note.- United Airlines (UAL) shares are flying after CEO Scott Kirby said there was a turning point at the end of June as business travel rebounded. Kirby also said the company likes to keep its outlook conservative.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Norah Mulinda.- Netflix (NFLX) continues to thrive while rival media companies are unloading assets and cutting costs. The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins. Shares of Netflix were down about 1.5% at 4:10 p.m. New York time in extended trading. The stock has nearly doubled over the past year and the company’s market value tops $500 billion. That makes Netflix worth more than Walt Disney Co., Comcast Corp. and Warner Bros. Discovery Inc. combined. - United Airlines (UAL) shares were higher today after it said the second half of the year has become more predictable and suggested it may be able to beat its earnings targets after customers returned to booking flights following a tumultuous start to 2025. The company provided a narrower range for its full-year earnings target with a band of $9 to $11, and Chief Executive Officer Scott Kirby called the goal conservative that has potential “upside.” United rose 2.9% to $91.04 before the start of regular trading in New York. Other US carriers also rose. “You can’t stay on the sidelines forever,” Kirby said about travel in a Bloomberg Television and Radio interview. “It was like a light switch at the end of June for business.”- Pepsi (PEP) shares rose as international growth helped buoy PepsiCo Inc.’s second quarter earnings, as the snacks and beverage giant said it plans to lean into higher-protein offerings and smaller portion sizes. The company, which owns the Gatorade, Lipton and Quaker brands, reported organic sales growth of 2.1% in the second quarter ended June 14, outpacing the average analyst estimate. Earnings per share were $2.12, also higher than market expectations. PepsiCo also maintained its annual outlook.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Lucid (LCID) shares soar as the electric vehicle start up plans to partner up with Uber Technologies (UBER) and self-driving tech startup Nuro to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years. - PepsiCo (PEP) shares are rising after the company reported quarterly earnings and revenue that topped analyst expectations. International growth helped buoy Pepsi's second quarter earnings, as the snacks and beverage giant said it plans to lean into higher-protein offerings and smaller portion sizes. The company, which owns the Gatorade, Lipton and Quaker brands, reported organic sales growth of 2.1% in the second quarter ended June 14, outpacing the average analyst estimate. Earnings per share were $2.12, also higher than market expectations. PepsiCo also maintained its annual outlook.- Elevance Health (ELV) shares slumped after it cut its profit guidance for the year on higher medical costs in Affordable Care Act plans and lagging reimbursement from Medicaid, the latest in a series of disappointments from health insurers in recent months. The forecast cut comes less than two months after Elevance affirmed its outlook despite rising cost trends. It’s more evidence that insurers are struggling to contain persistent and widespread increases in medical expenses that have blindsided investors.See omnystudio.com/listener for privacy information.

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

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

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

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

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

On this episode of Stock Movers: - Johnson & Johnson (JNJ) shares rallied today after the company beat Wall Street’s quarterly sales expectations and raised its full-year outlook, a show of confidence as the pharmaceutical industry faces the dual threats of tariffs and a crackdown on drug pricing. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up.- Morgan Stanley (MS) shares fell today. That is despite the fact that the bank's stock traders scored their best second quarter on record. This beat comes as the biggest US banks continue to reap the benefits of market volatility tied to President Donald Trump’s policy moves. The firm earned $3.72 billion in equity-trading revenue, a 23% jump from a year ago and ahead of analyst expectations, according to a statement Wednesday. The firm’s closely-watched wealth management unit reeled in $59.2 billion of net new assets in the period, also surpassing predictions. However, Morgan Stanley’s investment-banking fees fell 5% to $1.54 billion, a smaller drop than analysts expected due to a 42% increase in equity underwriting.- United Natural Foods Inc. (UNFI) shares jumped after the food distributor provided investors with a much anticipated new guidance view — which appears to be better than feared — after a cybersecurity incident last month. The midpoint of the new adjusted Ebitda forecast of $550 million is above the consensus estimate of $543.4 million (at the time of the press release), with the company noting that its forecasts do not reflect the benefit of anticipated insurance proceeds, which are expected to be “adequate for the incident”.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Isabelle Lee.- Johnson & Johnson (JNJ) shares jumped the most since March 2020 after the pharma giant boosted its sales forecast for the full year. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up. A week earlier, Trump told reporters he would impose tariffs as high as 200% on drug companies if they don’t shift more of their manufacturing to the US over the next year to 18 months.- Ford (F) shares slid on word it's recalling almost 700,000 vehicles to address a long-running issue over cracking in an auto part that can leak fuel into the engine and cause fires. The action applies to certain Bronco Sport and Escape models from 2020 to 2024, according to documents posted on the National Highway Traffic Safety Administration website. Ford has identified eight instances where cracking in a fuel injector led to a fire under the car’s hood. None of these resulted in injuries.- United Airlines (UAL) refined its profit outlook for this year after travel rebounded from flight disruptions, trade tensions and fighting in the Middle East conflict.The carrier now expects full-year adjusted earnings of $9 to $11 a share, United said in a statement on Wednesday that included second-quarter results that exceeded analysts’ expectations. The Chicago-based carrier joined Delta Air Lines Inc. in offering an improving view for the year, citing a double-digit acceleration in business demand so far this month compared with the second quarter.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Goldman Sachs Group Inc (GS) shares are up after the bank's stock traders posted the largest revenue haul in Wall Street history, as volatility sparked by the Trump administration’s trade war spurred a second straight record quarter for the unit. At $4.3 billion, equity-trading revenue for the second quarter was about $600 million more than what analysts were expecting and $100 million above the first-quarter total, according to a statement Wednesday. That also pushed profit above expectations for the period.- ASML Holding NV (ASML) shares are sinking after Chief Executive Officer Christophe Fouquet walked back his forecast that sales will grow next year, blaming trade disputes and global tensions. Fouquet, who in October told investors he expected 2026 to be a growth year for the semiconductor industry and ASML, took a more cautious stance on Wednesday when the company reported its second-quarter results.- Johnson & Johnson (JNJ) shares gained after the company beat Wall Street’s quarterly sales expectations and raised its full-year outlook, a show of confidence as the pharmaceutical industry faces the dual threats of tariffs and a crackdown on drug pricing. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up.See omnystudio.com/listener for privacy information.

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

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

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

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

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

On this episode of Stock Movers:- Citigroup (C) shares rose to the highest level since 2008 after the bank said it would ramp up stock buybacks following a strong result in regulatory stress tests. The company plans to repurchase at least $4 billion of shares this quarter, Chief Financial Officer Mark Mason said Tuesday on a call with analysts. That’s more than the $3.75 billion the firm bought back in the entire first half of the year, and the plans helped push the stock past $90 for the first time since the financial crisis.- Nvidia (NVDA) shares surged today after the chipmaker along with Advanced Micro Devices (AMD) plan to resume sales of some AI chips in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions. US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, the company said in a blog post on Monday — a move that may add billions to Nvidia’s revenue this year, restoring its ability to fulfill orders it had written off as lost due to government restrictions. Nvidia designed the less-advanced H20 chip to comply with earlier China trade curbs from Washington, which Trump’s team tightened in April to block H20 sales to the Asian country without a US permit.- MP Materials (MP), the rare-earths producer that last week secured backing from the Pentagon, soared in pre-market trading on a report that it reached a deal to supply Apple Inc. The shares jumped as much as 14% to $55.39 after Fox Business said Apple is set to announce a $500 million deal with MP for rare-earth magnets from the company’s Texas facility, citing people familiar with the matter. Apple and MP Materials didn’t immediately respond to requests for comment outside of normal business hours in the US.See omnystudio.com/listener for privacy information.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Emily Graffeo, and Tim Stenovec.On this episode of Stock Movers:- Nvidia (NVDA) notched record highs after the close, after news that the company, along with AMD, plan to resume sales of some AI chips in China after securing Washington's assurances that such shipments would get approved. US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, and AMD received similar assurances from the US Commerce Department for its MI308 chips. The move is seen as a win for Nvidia's Chief Executive Officer Jensen Huang, who has branded US chip curbs a "failure", and is expected to add billions to Nvidia's revenue this year, according to the company.- Citigroup (C) shares closed up 3.7%, the highest level since 2008 after the bank said it would ramp up stock buybacks following a strong result in regulatory stress tests. The company plans to repurchase at least $4 billion of shares this quarter, Chief Financial Officer Mark Mason said Tuesday on a call with analysts. That’s more than the $3.75 billion the firm bought back in the entire first half of the year, and the plans helped push the stock past $90 for the first time since the financial crisis.- Wells Fargo (WFC) shares are down after the bank lowered its full-year guidance for net interest income after another quarter of tepid growth amid the ongoing trade war. The San Francisco-based lender posted $11.7 billion in NII — income from lending minus the cost of deposits — for the three months through June, falling just short of analysts’ estimates of $11.8 billion. That prompted Wells Fargo to lower its full-year NII growth target to little changed from last year, down from its previous guidance of 1% to 3% growth, driven by lower NII in the bank’s markets business.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Newmont (NEM) shares plunged following the resignation of the company’s chief financial officer. Shares of the world’s top gold producer fell as much as 8.9% on Tuesday in New York, marking the biggest drop since April. The slump followed Newmont’s post-market announcement Monday that CFO Karyn Ovelmen tendered her resignation last week. The company didn’t disclose the reason for her departure. Chief Legal Officer Peter Wexler will serve as interim CFO until a permanent successor is hired, the company said. - Trade Desk (TTD) shares jump after S&P Dow Jones Indices said the advertising technology company will join the S&P 500 Index before trading opens on July 18.. Evercore ISI analyst Mark Mahaney says the inclusion is “additional confirmation of TTD’s very impressive fundamentals” and additional confirmation of the “centrality” of the Internet Sector- Wells Fargo (WFC) shares are down after the bank lowered its full-year guidance for net interest income after another quarter of tepid growth amid the ongoing trade war. The San Francisco-based lender posted $11.7 billion in NII — income from lending minus the cost of deposits — for the three months through June, falling just short of analysts’ estimates of $11.8 billion. That prompted Wells Fargo to lower its full-year NII growth target to little changed from last year, down from its previous guidance of 1% to 3% growth, driven by lower NII in the bank’s markets business.See omnystudio.com/listener for privacy information.

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

On this episode of Stock Movers:- Nvidia (NVDA) shares rise after US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, according to a blog post. - Citigroup (C) shares gain after revenue from the bank’s fixed-income trading business soared 20% to $4.3 billion versus $3.9 billion; stock traders raked in $1.6 billion.- Wells Fargo (WFC) shares drop after the bank reported 2Q net interest income at $11.7 billion, just short of analyst estimates. The bank also lowered its full-year net interest income growth target to little changed from last year.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- JPMorgan Chase & Co. (JPM) shares are up as the big bank giant's investment bankers had a surprise gain in the second quarter, with investment-banking fees climbing 7%, according to the bank. CEO Jamie Dimon said dealmaking "activity started slow but gained momentum as market sentiment improved". JPMorgan's stock traders had their best second quarter ever, with fixed-income trading and equity trading performing well ahead of expectations.- Wells Fargo (WFC) shares are down after lowering its full-year guidance for net interest income after a quarter of tepid growth amid the ongoing trade war. The bank posted $11.7 billion in NII for the three months through June, falling short of analysts’ estimates of $11.8 billion. Wells Fargo CEO Charlie Scharf said the bank now has the opportunity to grow in ways it could not while the asset cap was in place and can move forward to serve consumers, businesses, and communities to support US economic growth.- Citi (C) shares are higher as traders had their best second quarter in five years, with revenue buoyed by record trading volumes in the quarter. Citigroup CEO Jane Fraser said, "We're improving the performance of each of our businesses to take share and drive higher returns," in a statement.- Nvidia (NVDA) shares rise as much as 4.8% in premarket trading on Tuesday after the company said it received assurances from the Trump administration that sales of its H20 AI chip to China would be approved, a dramatic reversal by the White House. Melius Research notes that the stock’s next stop is $5 trillion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- JPMorgan Chase & Co. (JPM) shares are up as the big bank giant's investment bankers had a surprise gain in the second quarter, with investment-banking fees climbing 7%, according to the bank. CEO Jamie Dimon said dealmaking "activity started slow but gained momentum as market sentiment improved". JPMorgan's stock traders had their best second quarter ever, with fixed-income trading and equity trading performing well ahead of expectations.- Wells Fargo (WFC) shares are down after lowering its full-year guidance for net interest income after a quarter of tepid growth amid the ongoing trade war. The bank posted $11.7 billion in NII for the three months through June, falling short of analysts’ estimates of $11.8 billion. Wells Fargo CEO Charlie Scharf said the bank now has the opportunity to grow in ways it could not while the asset cap was in place and can move forward to serve consumers, businesses, and communities to support US economic growth.- Nvidia (NVDA) shares rise as much as 4.8% in premarket trading on Tuesday after the company said it received assurances from the Trump administration that sales of its H20 AI chip to China would be approved, a dramatic reversal by the White House. Melius Research notes that the stock’s next stop is $5 trillion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Britain’s biggest housebuilder Barratt Redrow Plc saw its annual sales fall short of previous guidance after weaker demand for its London homes, sending its share price plunging. The developer sold 16,565 homes in the year through June 29, despite saying in April it expected to sell between 16,800 and 17,200 units, according to a statement Tuesday. Barratt Redrow said this was mainly due to “fewer international and investor completions than expected” in its London businesses. The company’s share price fell as much as 13% in early trading, the most since September 2022 in the aftermath of former Prime Minister Liz Truss’s mini budget.- B&M European Value Retail shares plunge as much as 14%, hitting their lowest level on record, after posting weaker topline growth than anticipated in the first quarter despite weak comparatives and favorable weather. Analysts note that this is the first formal update under CEO Tjeerd Jegen, with the focus at today’s call on how he aims to improve growth.- Orsted climbs as much as 6.4% after Morgan Stanley upgrades the Danish offshore wind developer to overweight from equal-weight, saying in note that an improving risk/reward makes it “worth a fresh look”. Analyst Rob Pulleyn says risks on legacy US projects are now declining, while renewables are “at the turning of the cycle”.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Waters Corp. (WAT) shares fell after the life sciences company said it will merge with Becton Dickinson’s Biosciences & Diagnostic Solutions in a Reverse Morris Trust transaction valued at about $17.5 billion.- Autodesk (ADSK) shares rose after the company is no longer pursuing an acquisition of PTC Inc., people familiar with the matter said, which would have ranked as one of the year’s largest deals. The software provider has decided to shelve its work on a potential cash-and-stock deal for PTC, according to the people, who asked not to be identified discussing confidential information.- Palantir (PLTR) shares hit record highs after President Trump is set to announce $70 billion in artificial intelligence and energy investments in Pennsylvania on Tuesday, the latest push from the White House to speed up development of the emerging technology. Trump is expected to share details of the new initiatives at an event outside Pittsburgh, according to an administration official, who spoke on the condition of anonymity to discuss the planning. There has also been 13F filings that show Gateway Investment Advisers boosted its stake in Palantir in the June 30 quarter.See omnystudio.com/listener for privacy information.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Norah Mulinda and Tim Stenovec. On this episode of Stock Movers: - Fastenal (FAST) shares were 4% higher at the close after the company posted earnings in line with estimates this morning. Analysts see the slightly better-than-expected June earnings as an encouraging sign amid tariff uncertainty. Fastinal CEO Daniel Florness says it is difficult to move manufacturing fully back to the United States and is seeing "limited" signs its customers are shifting manufacturing back to the US. - Warner Brothers Discovery (WBD) shares were up 2% after Superman ticket sales beat expectations, bringing in $125 million domestically and $220 million worldwide, according to a statement from Warner Brothers. Superman is the opening chapter in a 10-year plan to interweave movies and TV shows based on DC comic-book characters such as Batman and Wonder Woman. - Waters (WAT) shares dropped as much as 10%, the most intraday since January 2023, after the life sciences company said it will merge with Becton Dickinson’s Biosciences & Diagnostic Solutions business in a Reverse Morris Trust transaction valued at about $17.5 billion. Jefferies says the deal adds “variables” to Waters’ “clean” story.  The stock is down 18% year-to-date.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Alcoholic beverage stocks are tumbling on Monday after President Donald Trump declared a 30% tariff rate for Mexico and the European Union, key markets for drinksmakers. Constellation Brands (STZ), maker of Modelo and Corona, drops as much as 5.1%, the most intraday since early February. Citi analyst Filippo Falorni notes 100% of STZ’s beer portfolio is brewed in Mexico, while Jack Daniel’s maker BF/B exports its American whiskey products overseas, which could be at risk from retaliatory tariffs from the EU. - Coinbase (COIN) rallied after Bitcoin reached an all-time high of 120,000. The Crypto exchange joined the S&P 500 a few months ago. The stock is benefitting from the US House of Representatives' "Crypto Week," with the prospect of a clear US regulatory framework bolstering confidence in the asset class among institutional investors. - Rocket Lab (RKLB) reached a record high after Citi raised its price target on the stock. The increased price target comes as Citi shifts its valuation methodology to the company’s revenue potential in 2029 from 2027. Rocket Lab recently awarded a contract to Bollinger Shipyards to support the buildout of the ocean landing platform for its Neutron reusable rocket. Movement has also been seen in the stock over the past few weeks as Trump threatened to pull SpaceX contracts.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Coinbase (COIN) shares rise. Cryptocurrency-exposed stocks rose after Bitcoin breached $120,000 for the first time, with investor enthusiasm showing few signs of dimming as the US House of Representatives prepares to consider key industry legislation during its “Crypto Week” starting Monday.- Boeing (BA) shares edge higher after India's civil aviation authority ordered an inspection of cockpit fuel switches on Boeing Co. 737 and 787 aircraft operating in the country.- Best Buy (BBY) shares fall after Piper Sandler downgraded the electronics retailer to neutral from overweight.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Coinbase (COIN) shares rise. Cryptocurrency-exposed stocks rose after Bitcoin breached $120,000 for the first time, with investor enthusiasm showing few signs of dimming as the US House of Representatives prepares to consider key industry legislation during its “Crypto Week” starting Monday.- Autodesk (ADSK) shares gain after the company said it is no longer pursuing an acquisition of PTC Inc., people familiar with the matter said. This would have ranked as one of the year’s largest deals.- Kenvue (KVUE) shares are up after the company said Chief Executive Officer Thibaut Mongon will leave the company as it continues to revamp the maker of Tylenol, Neutrogena and Listerine brands.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Coinbase (COIN) share are gaining after Argus Research Corp initiated coverage of the stock with a recommendation of buy and a $400 price target. The stock has 20 analyst buy, 16 hold and four sell ratings with an average price target of $315, according to data compiled by Bloomberg; shares are up 56% year-to-date.- Kenvue (KVUE) is moving after it said Chief Executive Officer Thibaut Mongon will leave the company as it continues to revamp the maker of Tylenol, Neutrogena and Listerine brands. Board director Kirk Perry will take over as interim CEO, effective immediately, and the company has commenced a search for a new CEO. The company's board chair Larry Merlo said "The board’s strategic review is underway, and we are considering a broad range of potential alternatives, including ways to simplify the Company’s portfolio and how it operates"- Tesla (TSLA) shares are moving amid continued tension between Elon Musk and President Trump. Other news items traders are watching include Chinese rival BYD planning to ramp up its expansion efforts in Saudi Arabia, building on momentum from Tesla Inc.’s launch in the country. Tesla will also stand trial over claims that the company is partly to blame for a fatal 2019 crash in Florida that occurred when the Autopilot system in a Model S allegedly failed to detect a parked SUV.- Synopsis (SNPS) is moving this morning and at one point was the biggest upside mover in early trading. The company secured China's approval to buy out Ansys Inc. for $35 billion, according to Bloomberg. The buyout was already approved by European and US authorities, and Synopsys has now cleared one of the last major hurdles to a deal intended to shore up its market position.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Diageo (DEO) shares are lower this morning due to the company's exposure to Mexico after President Trump announced tariffs on Mexico and the European Union. Also, Bloomberg Intelligence notes the company's ambition to boost its share of the alcohol beverage market to 6% by 2030 from 4.7% looks a tough ask right now, given fragile consumer confidence and uncertainty regarding tariffs and pricing. It comes as management has withdrawn its midterm 5-7% organic-sales target.- Novo Nordisk (NVO) is moving this morning due to its exposure to the US and tariffs. The Trump administration also proposed to consider fixed-dose combination drugs for price cuts if they don’t have a “clinically meaningful difference” compared to their original drugs. The pharmaceutical industry is resisting the proposal, with companies like Merck and Bristol Myers Squibb raising questions about the government’s legal authority and statutory basis to implement it.- Ford (F) and General Motors (GM) are under pressure this morning. Both are moving downwards. It comes with the US recently announcing sweeping new tariffs on imports from both Mexico and the EU.- Synopsis (SNPS) is moving this morning and at one point was the biggest upside mover in early trading. The company secured China's approval to buy out Ansys Inc. for $35 billion, according to Bloomberg. The buyout was already approved by European and US authorities, and Synopsys has now cleared one of the last major hurdles to a deal intended to shore up its market position.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Hermes declines as much as 3.3% following a downgrade to hold at Jefferies, which currently doesn’t see scope for the French luxury-goods maker to return to peak multiples. Analyst James Grzinic doesn’t model any significant acceleration in growth despite firmer US pricing and reduced availability constraints - AstraZeneca’s experimental hypertension drug Baxdrostat reduced the blood pressure of patients who have an uncontrolled or treatment-resistant form of the condition, boosting the prospects of the medicine becoming a blockbuster. Astra has identified Baxdrostat as having potential sales of more than $5 billion a year, while Barclays estimates it could bring in about $2 billion a year when taken as a single drug. Shares of AstraZeneca rose as much as 2.1% in early trading in London. - Brenntag shares fall as much as 5.6%, the most in almost two months, after the German chemicals firm cut its earnings guidance for the year in an unscheduled statement on Friday night. Morgan Stanley says underperformance is to be expected today, even if the profit warning wasn’t totally surprising.See omnystudio.com/listener for privacy information.

Here are the names you should know—for better or worse—specifically for the third quarter. Bloomberg Intelligence analysts have dug into their scenarios to identify the most interesting companies from a larger group of high-confidence Focus Ideas. Spanning sectors and regions, each scenario outlines a catalyst in the next few months that supports our case.   For more on the list of companies, Paul Sweeney and Norah Mulinda speak with Tim Craighead, Director of Equity Research for Bloomberg Intelligence.See omnystudio.com/listener for privacy information.

CoreWeave Inc. is dropping $9 billion on the data-center operator Core Scientific Inc. in an effort to gain more direct control over the physical assets powering the artificial-intelligence boom.   In buying Core Scientific in an all-stock deal, CoreWeave will inherit more than a gigawatt of data-center capacity across the US — much of which is already contracted out to serve its clients in training, deploying and using AI models. CoreWeave said Monday that controlling more of its supply chain will eliminate lease expenses, reduce costs including those associated with financing projects and “future-proof” its revenue growth.   For more on the acquisition, Paul Sweeney and Lisa Mateo speak with Bloomberg Intelligence Senior Analyst Anurag Rana.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.- Levi Strauss (LEVI) shares jumped Friday morning after raising its revenue outlook, with the maker of 501 jeans expecting sales growth to outweigh the effect of President Donald Trump’s tariffs. The company said Thursday it now sees revenue rising between 1% and 2% for the current fiscal year — above the average analyst estimate and up from a previous view that sales would decline 1% to 2%. Levi also slightly lowered its guidance for gross margin due to tariffs, which the company factored in as 30% for products imported from China and 10% for the rest of the world.- PayPal (PYPL) shares slide after JPMorgan told financial technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to their customers’ bank account information – a move that threatens to upend the industry’s business models. The largest US bank has sent pricing sheets to data aggregators — which connect banks and fintechs — outlining the new charges, according to people familiar with the matter. The fees vary depending on how companies use the information, with higher levies tied to payments-focused companies, the people said, asking not to be identified discussing private information.- Albermarle (ALB) saw its shares drop as a UBS analyst cut the lithium provider to sell from neutral and trimming the price target.See omnystudio.com/listener for privacy information.

Delta Air Lines (DAL) shares rose more the 11% this past week after reinstating its profit outlook for the year. The carrier said travelers are coming back, prompting its stock to surge amid a fresh sense of confidence in the beaten-down US consumer. Delta expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement on Thursday as Delta reported better-than-expected second-quarter results. Moderna (MRNA) shareholders welcomed the news that US regulators approved Moderna Inc.’s COVID vaccine for children, but for a narrower group than before, continuing Robert F. Kennedy Jr.’s controversial policy that restricts access to the shots for some kids. The Food and Drug Administration gave full approval of the immunization for kids under 12 who are at increased risk from the disease, the company said in a statement. The stock rose more than 10% on the week. PTC Inc. (PTC) saw its stock rise nearly 10% on the week on news that Autodesk Inc. is weighing an acquisition of the rival engineering-software provider, according to people familiar with the matter. Autodesk has been working with advisers to evaluate a cash-and-stock deal for Boston-based PTC, said the people, who asked to not be identified because the matter isn’t public. PTC, with a market value of about $23 billion, is also said to be drawing interest from other industry players. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:-Venture Global Inc. is close to reaching an agreement for a $20 billion financing package to complete its third liquefied natural gas export project, with European banks Banco Santander SA and ING Groep NV among the lead arrangers, according to people familiar to the matter. A final investment decision on the CP2 project could be made as soon as the end of this month.- Levi Strauss & Co. raised its revenue outlook, expecting sales growth to outweigh the effect of President Donald Trump’s tariffs. The company now sees revenue rising between 1% and 2% for the current fiscal year, and has slightly lowered its guidance for gross margin due to tariffs.- AMC Entertainment (AMC) shares rose by more than 11% in recent Friday trading after Wedbush upgraded the company's stock to outperform from neutral and raised its price target to $4 from $3.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:-Nvidia (Ticker NVDA) shares rise after hitting a record high on Friday, a day after CEO Jensen Huang met with President Donald Trump, according to people familiar. There are no details on the talks, but it comes before Huang's planned trip to China. -Coinbase (Ticker COIN) shares gain after Bitcoin breached the $118,000 level, which triggered over a billion dollars of shorts against the token getting liquidated over the past 24 hours, according to data compiled by Coinglass.-Mcdonald's (Ticker MCD) shares are up after Goldman analyst Christine Cho upgraded the company to buy from neutral.Year-to-date sales performance for fast food operators has been pressured amid weakness in low income consumers, as well as the middle-income cohort, but McDonalds ultimately has the scale, marketing, digital advantage to successfully navigate through this environment.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Performance Food Group Co. (PFGC) is higher on Bloomberg's report that Performance Food Group Co. has attracted takeover interest from US Foods Holding Corp., a potential deal that would create a food distribution company with combined sales of roughly $100 billion. Sources say Rosemont, Illinois-based US Foods has been evaluating an acquisition of Performance Food and expressed interest about a potential combination in recent months.- US Foods Holding Corp. (USFD) is lower this morning on the merger news with PFGC. Shares of US Foods have risen more than 50% over the past 12 months, giving the company a market value of $18.6 billion. Performance Food has a market capitalization of $14.1 billion. US Foods supplies restaurants, hospitals, schools and hotels, generating revenue of $37.9 billion last year. The company employs about 30,000 people in more than 70 locations, according to its website. Performance Food offers similar services in the US and Canada across three units: restaurant supplier Performance Foodservice, candy and snack distributor Vistar and its Core-Mark business serving convenience stores.- Drone stocks are climbing higher, including Red Cat Holdings (RCAT) and AeroVironment (AVAV) are rising after Defense Secretary Pete Hegseth issued a memo to fast track drone production and deployment, as well as requiring drone combat simulations across the military.- Warner Bros Discovery Inc. (WBD) shares are moving on Superman hitting theaters as it looks to revive the comic book movie franchise that Warner Bros. Owns.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Performance Food Group Co. (PFGC) is higher while US Foods Holding Corp. (USFD) is lower this morning on Bloomberg's report that Performance Food Group Co. has attracted takeover interest from US Foods Holding Corp., a potential deal that would create a food distribution company with combined sales of roughly $100 billion. Sources say Rosemont, Illinois-based US Foods has been evaluating an acquisition of Performance Food and expressed interest about a potential combination in recent months.- Levi Strauss & Co. (LEVI) is rising this morning after it raised its revenue outlook, expecting sales growth to outweigh the effect of President Donald Trump’s tariffs. The company now sees revenue rising between 1% and 2% for the current fiscal year, and has slightly lowered its guidance for gross margin due to tariffs. Harmit Singh, chief financial and growth officer, attributed the company’s strong performance to its “laser focus” on the core Levi’s brand and its burgeoning direct-to-consumer strategy.- Drone stocks including Red Cat Holdings (RCAT) and AeroVironment (AVAV) are rising after Defense Secretary Pete Hegseth issued a memo to fast track drone production and deployment, as well as requiring drone combat simulations across the military.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- BP Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a potential boost for the energy major struggling to reverse years of underperformance. - Stellantis is one of a number of tariff-exposed automotive stocks under the spotlight after President Donald Trump threatened a 35% levy on some Canadian goods and raised the prospect of up to 20% levies on most other countries.- Kering and other European luxury stocks retrace some of this week’s gains as recent positive sentiment toward China-exposed equities starts to fade.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Delta (DAL) reinstated a profit outlook for the year and said travelers are coming back, prompting its stock to surge amid a fresh sense of confidence in the beaten-down US consumer. The carrier expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement on Thursday as Delta reported better-than-expected second-quarter results. Delta’s projections sent its shares up about 12%, their highest level in more than three months, and pulled up rival airlines.Travel in the US is recovering after approval of US President Donald Trump’s tax-cut and spending package and progress in tariff discussions, Chief Executive Officer Ed Bastian said in an interview. Corporate travel is strengthening, and consumers have become “a little numb” to the ongoing trade disputes, choosing to book travel again in the latter part of the year.- Crowdstrike (CRWD) shares slide after CFRA downgraded the security-software company to hold from buy.- McDonald's (MCD) shares ticked higher in trading today after Goldman analyst Christine Cho upgraded the fast food chain to buy from neutral.See omnystudio.com/listener for privacy information.