Stock Movers

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 incr...

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 a...

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 bu...

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 bu...

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 sig...

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...

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 se...

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...

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 earning...

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 f...

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 incl...

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. -...

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 indust...

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 le...

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 secon...

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 analy...

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 beati...

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 qu...

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....

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....

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% prev...

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 bo...

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 Wash...

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 com...

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...