Stock Movers

On this episode of Stock Movers:
- Estée Lauder (EL) shares rise. Estée Lauder Cos. plans to cut as many as 3,000 more jobs and generate a further $200 million of savings to help boost its turnaround plan. The company raised its profit outlook for the remainder of the fiscal year and expects adjusted earnings per share in the range of $2.35 to $2.45.
- Reddit (RDDT) shares rise. Reddit projected sales of $715 million to $725 million in the second quarter, surpassing Wall Street estimates. The company's first-quarter sales gained 69% to $663 million, outpacing the average estimate of $609.3 million.
- Clorox (CLX) shares slump as much as 10%, the most intraday since Feb. 2022, after the household products company’s organic sales missed consensus expectations for the third quarter and management cut its annual forecast.
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On this episode of Stock Movers:
-Apple (AAPL) shares rise. Apple delivered a strong revenue forecast for the third quarter, with sales expected to rise 14% to 17% in the period. The company warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”
-Roblox (RBLX) shares fall. Roblox shares plunged after the company reported fewer daily users in the first quarter than analysts expected due to safety features it implemented. Roblox lowered its forecast for full-year bookings, attributing the change to its “aggressive push to enhance safety”, and projected another quarter of user declines.
-Reddit (RDDT) shares rise. Reddit projected sales in the current period that surpassed Wall Street estimates, continuing a streak of strong revenue growth powered by the company’s surging advertising business.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Apple (APPL) shares are up this morning as it delivered a strong revenue forecast for the third quarter, with sales expected to rise 14% to 17% in the period. The company warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”
- Estee Lauder (EL) is rising as the company boosted its organic net sales guidance for the full year; the guidance beat the average analyst estimate.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- ExxonMobil (XOM) shares are higher after it outperformed expectations after oil-production increases from Guyana and the Permian Basin helped offset supply losses due to the Middle East war.
- Chevron (CVX) is also up as the oil giant exceeded profit expectations due to higher oil and natural gas prices and supplies from the acquisition of Hess Corp.
- Estee Lauder (EL) is rising as the company boosted its organic net sales guidance for the full year; the guidance beat the average analyst estimate.
- Moderna (MRNA) shares are popping as the vaccine maker reported revenue for the first quarter that beat the average analyst estimate.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- NatWest beat estimates in the first quarter and signaled higher earnings for the year as the bank’s customers showed continued appetite for both borrowing and saving.
- Keep an eye on Diageo shares in London this morning after US President Donald Trump said he would be removing some scotch tariffs following a visit from King Charles III, a move that delivers a major trade concession to the UK.
- UK water utility stocks slide following a steep rally on Thursday as Citi downgrades United Utilities and Severn Trent due to “limited absolute valuation upside” on a 12-month view.
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