Stock Movers

On this episode of Stock Movers:
- Cisco (CSCO) shares jump. The company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which is higher than analysts estimated sales of $15.8 billion.
- Doximity (DOCS) shares slump. The healthcare software firm gave a full-year forecast that was weaker than expected, with AI investments pressuring the company’s earnings. KeyBanc Capital Markets analyst Scott Schoenhaus (cut to sector weight from overweight)
- Nvidia (NVDA) shares gain ahead of earnings next week. Nvidia CEO Jensen Huang tells reporters in Beijing that meetings with tech CEOs "went excellent.”
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On this episode of Stock Movers:
- Cisco (CSCO) shares jump. The company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which is higher than analysts estimated sales of $15.8 billion.
- Legence (LGN) shares drop. The engineering firm raised its guidance for full-year revenue and adjusted Ebitda to a range above the average estimate. Those metrics also beat estimates in the first quarter. Shares of the company were already up 257% from its September IPO through Wednesday trading.
- Bullish (BLSH) shares fall. The crypto firm reported a first-quarter net loss per share that widened year-over-year as digital asset sales fell.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- StubHub (STUB) shares are rising after the ticketing company reported better-than-expected first quarter results and reiterated its annual forecast. Morgan Stanley analyst notes that gross merchandise sales (GMS) and revenue should improve in the second half of the year.
- Viking Holdings (VIK) shares are rallying after the cruise-line operator reported first-quarter yields above estimates. Analysts cited “impressive” 2027 bookings and executive management changes that helped remove an overhang.
- Watches of Switzerland (WOSGF) shares are higher and are trading at the highest since early 2024, after the watch retailer said annual adjusted Ebit will be ahead of its previous guidance. Analysts see the confident outlook for FY27 should lift consensus estimates, while Barclays hiked its price target on the stock to a new Street-high.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Nvidia (NVDA) shares are continuing to climb as the U.S. government has authorized the sale of Nvidia Corp.'s H200 AI chips to 10 Chinese tech giants, including Alibaba Group Holding Ltd. and Tencent Holdings ADR.
- Cisco Systems (CSCO) is soaring after delivering a better-than-anticipated sales forecast and announcing plans to cut thousands of jobs. The layoffs will affect fewer than 4,000 jobs, and the company will make strategic investments in areas such as silicon chips, fiber optics, security, and the use of AI by its own employees.
- Wolfspeed (WOLF) is rallying after thematic research firm Citrini touted chipmaker Wolfspeed as its “single-stock highlight,” discussing artificial intelligence infrastructure.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Burberry shares fell 4.3% after the UK maker of trenchcoats and scarves posted earnings that JPMorgan analysts deemed insufficient to satisfy high investor expectations amid the company’s turnaround under Chief Executive Joshua Schulman.
- 3i Group shares fall as much as 25%, the steepest drop since January 2009, after the private equity group flagged slowing sales growth at its discount retailer Action. RBC analysts said the retailer, 3i’s largest single investment, has left itself much to do in the second half to meet its guidance.
- Watches of Switzerland shares rise as much as 14%, hitting the highest since early 2024, after the watch retailer said annual adjusted Ebit will be ahead of its previous guidance.
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