Stock Movers

On this edition of Stock Movers: - Target (TGT) shares ended the day on the downside. This comes after the company named Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales. The company said Wednesday the board unanimously elected Fiddelke, who currently serves as chief operating officer, to be CEO starting in F...

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 Emily Graffeo. - Hertz (HTZ) shares climbed today after reports that the car-rental company will start selling pre-owned cars on Amazon Autos. - Guess (GES) is going private in a $1...

On this edition of Stock Movers: - TJX (TJX) shares are up after the off-price retailer raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to discounters. The TJ Maxx and Marshalls parent now expects full-year earnings per share of $4.52 to $4.57, up from $4.34 to $4.43. The company said it assumed it wi...

On this episode of Stock Movers: - La-Z-Boy (LZB) shares tumble after the home furniture retailer posted weaker-than-expected first-quarter adjusted earnings per share. KeyBanc notes that the recliner company fell short of its tepid pre-announcement as well. - Target (TGT) shares slump after the company named veteran Michael Fiddelke as its next chief executive officer, betting that the insider wi...

On this episode of Stock Movers: - Target (TGT) shares slump after the company named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales. - Lowe's (LOW) shares jump after the company agreed to buy Foundation Building Materials for about $8.8 billion in cash to serve more professional customers. Foundatio...

On this episode of Stock Movers: - Target (TGT) shares fell 6.7% in premarket trading after it reaffirmed its sales forecast for the full year, saying it still sees a sales decline of low-single digit percentage compared to the average analyst estimate of 1.71% decline. The big box retailer also named current Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as the company’s...

On this episode of Stock Movers: - Target (TGT) shares fell 6.7% in premarket trading after it reaffirmed its sales forecast for the full year, saying it still sees a sales decline of low-single digit percentage compared to the average analyst estimate of 1.71% decline. The big box retailer also named current Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as the company’s...

On this episode of Stock Movers: - K+S fell as much as 3.3% as Berenberg double-downgraded to sell, with a previous buy thesis no longer standing up due to expectations of “broadly lower” prices for agricultural commodities from 2026. - Alcon dropped as much as 11% in Zurich, the most since March 2020, after delivering sales growth below expectations in the second quarter and announcin...

On this edition of Stock Movers: - Home Depot (HD) shares rise today after the company's sales returned to growth in the second quarter as shoppers invested in smaller projects, such as lighting and gardening. The world’s largest home-improvement retailer said comparable sales grew 1% in the quarter, modestly below what analysts had estimated but an improvement from a 3.3% slump a year ago....

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 Emily Graffeo. - Intel (INTC) shares were higher today continuing a month-long rally. Intel bulls are finally being rewarded for their patience. But the stock’s su...

On this edition of Stock Movers: - Intel (INTC) shares rallied today after SoftBank agreed to buy $2 billion of the chipmaker’s stock. Analysts see the news as a positive, but continue to see a number of questions surrounding the company’s prospects. Meantime, less than two weeks after President Donald Trump called for the ouster of Intel Corp.’s Lip-Bu Tan, the company’s c...

On this episode of Stock Movers: - Nexstar (NXST) shares rise after news that the company will buy TV station operator Tegna for $3.5 billion in a cash deal that values Tegna at $22 a share. - Home Depot (HD) gains after comparable sales returned to growth in 2Q, rising 1% versus a 3.3% drop y/y; but that fell short of analyst estimates for a 1.39% growth rate. - Intel (INTC) shares are up af...

On this episode of Stock Movers: - Home Depot (HD) shares are lower after sales metric disappointed in the latest quarter, a sign that consumers are staying away from big purchases as interest rates remain high and inflation uncertainties linger. CFO Richard McPhail said consumers are increasingly taking on small projects, but larger projects remain on hold as rates remain elevated and economic un...

On this episode of Stock Movers: - Home Depot (HD) shares are lower after sales metric disappointed in the latest quarter, a sign that consumers are staying away from big purchases as interest rates remain high and inflation uncertainties linger. CFO Richard McPhail said consumers are increasingly taking on small projects, but larger projects remain on hold as rates remain elevated and economic un...

On this episode of Stock Movers: - IWG shares dropped as much as 15%, the most in three years, after its results. It forecast Ebitda for the full year of low end of $525 million to $565 million and saw $525 million to $565 million. - Rheinmetall fell by as much as 2.6%. The defence firm is looking at whether it can produce air defense systems in the Netherlands, according to Dutch news outlets BNR...

On this edition of Stock Movers: - Palo Alto Networks Inc. (PANW) jumped on a stronger-than-expected annual forecast, as the company seeks to provide customers with a bundle of AI-enabled cybersecurity products to fend off attacks. Fiscal-year sales will be about $10.5 billion, the company said Monday in a statement. Analysts, on average, estimated $10.4 billion, according to data compiled by Bloo...

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 Emily Graffeo. - GoodRx (GDRX) shares soared as much as 37%, the biggest intraday jump since July 2023, on news Novo Nordisk is slashing the cost of Ozempic and partneri...

On this episode of Stock Movers: - Novo Nordisk (NVO) shares rise after news that it's slashing the cost of Ozempic for cash-paying patients to $499 a month through NovoCare and partnering with GoodRx Holdings Inc. to offer it at the same price at US pharmacies. - GoodRX (GDRX) shares surge on news Novo Nordisk is slashing the cost of Ozempic and partnering with GoodRx to offer it at US pharmacies...

On this episode of Stock Movers: - Dayforce (DAY) shares rise after news that Thoma Bravo is in talks to acquire human resources management software provider Dayforce Inc., according to people familiar with the matter. - Soho House (SHCO) shares gain after news that a group of investors led by MCR will buy Soho House & Co. for about $9 per share in cash, a premium of about 83% over the closing...

On this episode of Stock Movers: - Novo Nordisk (NVO) shares advanced after the drugmaker's weight-loss drug Wegovy received US approval to treat a serious form of liver disease. The US Food and Drug Administration's decision "could start to help shift the momentum for Novo following a more difficult start to the year," according to Evan David Seigerman, an analyst at BMO Capital Markets. - Dayfor...

On this episode of Stock Movers: - SoHo House (SHCO) is higher on news it is going private. Soho House & Co Inc. has entered into definitive agreements pursuant to which an investor group led by MCR and its Chairman and CEO Tyler Morse will acquire the outstanding shares of Soho House not held by certain significant shareholders. - Dayforce (DAY) shares are higher on news Thoma Bravo is in tal...

On this episode of Stock Movers: - Novo Nordisk A/S shares advanced after the drugmaker’s blockbuster weight-loss drug Wegovy received US approval to treat a serious form of liver disease, beating rival Eli Lilly & Co. to the US market. The stock gained as much as 5% in early trading in Copenhagen. - Vestas Wind Systems A/S shares rose sharply after guidance issued by the Treasury Depart...

The Trump administration is in talks with Intel Corp. to have the US government take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry.    A deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identifie...

On this episode of Stock Movers: - Unitedhealth (UNH) shares jumped after funds piled into the company, which has been hampered by a federal probe into its business practices and weakening results. Warren Buffett’s Berkshire Hathaway was among the investors, buying 5 million shares, according to a filing. David Tepper’s Appaloosa Management LP also invested, boosting its holdings of th...

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, Carol Massar and Emily Graffeo. - UnitedHealth (UNH) shares jumped after funds piled into the company, which has been hampered by a federal probe into its business practices and weakening results. Warr...