Latest news with #StockMovers
Bloomberg
3 hours ago
- Business
- Bloomberg
Stock Movers: Signet, Constellation, Dollar General
On this episode of Stock Movers: - Signet Jewelers (SIG) shares climb 14% in premarket trading after the owner of Kay Jewelers boosted its adjusted earnings per share forecast for the full year, following first-quarter results that was ahead of expectations. - Nuclear stocks gain in US premarket trading after Constellation Energy (CEG) agreed to sell power from an operating nuclear plant in Illinois to Meta Platforms, an agreement that could lead to the construction of a new reactor at the site. - Dollar General (DG) slightly increased its annual guidance after the first quarter topped projections. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.
Bloomberg
5 days ago
- Business
- Bloomberg
Stock Movers: Nvidia, HP, Salesforce
On this episode of Stock Movers: - Nvidia (NVDA) shares are higher this morning after a positive earnings report showing it expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment. - Salesforce (CRM) is lower this morning despite raising its annual forecast. It's acquiring Informatica for about $8 billion to help customers implement AI tools sooner, and its fiscal first-quarter revenue increased 8% to $9.8 billion, exceeding Wall Street estimates. However, it's uncertain how it will integrate the company into - HP (HPQ) is down this morning after its profit outlook fell short of estimates and it cut its annual earnings forecast due to a weaker economy and continuing costs from US tariffs on goods from China. - Kohl's Corp. (KSS) shares are higher in the premarket as it reaffirmed its full-year outlook and reported revenue of $3 billion for the quarter, roughly in line with analysts' expectations. Kohl's is looking for a new leader after the ousting of its former CEO, Ashley Buchanan, and is currently being led by interim CEO Michael Bender.
Bloomberg
5 days ago
- Business
- Bloomberg
Stock Movers: Nvidia, Salesforce, HP
On this episode of Stock Movers: - Nvidia (NVDA) shares are higher this morning after a positive earnings report showing it expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment. - Salesforce (CRM) is lower this morning despite raising its annual forecast. It's acquiring Informatica for about $8 billion to help customers implement AI tools sooner, and its fiscal first-quarter revenue increased 8% to $9.8 billion, exceeding Wall Street estimates. However, it's uncertain how it will integrate the company into - HP (HPQ) is down this morning after its profit outlook fell short of estimates and it cut its annual earnings forecast due to a weaker economy and continuing costs from US tariffs on goods from China. - Synopsys (SNPS) share are down after its adjusted EPS missed estimates and on a report the US Commerce Department told Electronic Design Automation groups including Cadence, Synopsys and Siemens EDA to stop supplying their technology to China. That's according to the Financial Times.
Bloomberg
6 days ago
- Business
- Bloomberg
Stock Movers: Abercrombie, Macy's, Okta
On this episode of Stock Movers: Macy's (M) posted better-than-expected quarterly results — a sign the department-store operator's strategy of focusing on its best-performing locations is starting to pay off despite weakening consumer sentiment and tariff sales in the fiscal quarter ended May 3 fell less than analysts had anticipated, the company reported on Wednesday, while revenue of $4.6 billion in the period also surpassed the average estimate. - Abercrombie & Fitch (ANF) shares rose sharply in premarket trading Wednesday after the retailer upped its full-year outlook, suggesting the retailer is confident in its ability to navigate the changing tariff fashion retailer now sees full year net sales growth of 3% to 6% up from its estimate of 3% to 5% in March. This included approximately $50 million of tariff sales for the Abercrombie namesake brand fell 10% in the quarter ending May 3, a bigger drop than analysts were anticipating, the New Albany, Ohio-based company said. Hollister brand comparable sales were up 23%, far surpassing expectations. - Okta (OKTA)shares are down 12% in premarket trading, after the cybersecurity company gave a weaker-than-expected outlook for second-quarter current remaining performance obligation. Analysts see the forecast as conservative. - Vail Resorts (MTN) shares jump 11% in US premarket trading after the operator of ski resorts reappointed Rob Katz as CEO, succeeding Kirsten Lynch, and reaffirmed its fiscal 2025 guidance. Analysts see the leadership change as positive, with JPMorgan upgrading its rating on the stock.
Bloomberg
7 days ago
- Business
- Bloomberg
Stock Movers: US Steel Surges .. Again, PDD Tumbles, Vertical Aerospace Soars
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Carol Massar and Tim Stenovec. On this episode of Stock Movers: -- US Steel (X) is coming off its surge on Friday after President Trump said the US would have control over the company as part of its partnership with Nippon Steel. US Steel is backing the president's move and reaffirming its commitment to the Nippon Partnership -- (PDD) Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll on its business. Revenue for the March quarter was 95.7 billion yuan ($13.3 billion), falling short of the average analyst estimate of 101.6 billion yuan. Net income totaled 14.7 billion yuan, while analysts had expected 25.7 billion yuan. PDD's US depositary receipts tumbled in New York on Tuesday after markets opened. --Vertical Aerospace (EVTL) shares rise as much as 6.9% after the aerospace and technology company says it has made 'European aviation history with the first-ever' piloted flight of a winged electric vertical take-off and landing (eVTOL) aircraft in open airspace.
