Stock Movers

Today’s biggest winners and losers in the stock market.
On this episode of Stock Movers:
-CrowdStrike (CRWD) shares slipped in extended trading after the security software company reported fourth-quarter results that were in line with expectations. It also gave forecasts for both the first quarter and the full year.
-Best Buy (BBY) shares advanced after reporting profit for the holiday-shopping season that was better than expected. Its revenue forecast for this year also met Wall Street estimates, giving investors confidence that the electronics chain won’t take a step backward. Adjusted earnings per share last quarter were $2.61, topping the average analyst estimate by 15 cents. Comparable sales trailed Wall Street projections. The company also boosted its dividend. Shares of the retailer rose as much as 7%. The stock had fallen 8% this year, compared with the S&P 500 Index being little changed.
- Target (TGT) forecast better-than-expected profit for the full year, indicating the big-box retailer’s turnaround plans are starting to generate results. Adjusted earnings per share are projected in a range of $7.50 to $8.50 in the current fiscal year, the company said in a statement on Tuesday. The midpoint is above the average of estimates compiled by Bloomberg. It was one of the few stocks to close higher today in a broader market selloff.
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Today’s biggest winners and losers in the stock market.
On this episode of Stock Movers:

- Best Buy (BBY) shares advanced after reporting profit for the holiday-shopping season that was better than expected. Its revenue forecast for this year also met Wall Street estimates, giving investors confidence that the electronics chain won’t take a step backward. Adjusted earnings per share last quarter were $2.61, topping the average analyst estimate by 15 cents. Comparable sales trailed Wall Street projections. The company also boosted its dividend. Shares of the retailer rose as much as 7%. The stock had fallen 8% this year, compared with the S&P 500 Index being little changed.

- Akamai (AKAM) climbed after Streaming Media Blog said the software company has notified customers of coming interim surcharges and pricing adjustments for contract renewals. This was welcome news for traders who were concerned about rising costs for the company.

- Newmont (NEM) saw its shares slipped today in line with a broader market selloff. Several metal and mining related stocks also slumped, into Freeport-McMoRan and Nucor.
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On this episode of Stock Movers:
- Palantir (PLTR) shares rise. The company's stock jumped as President Donald Trump ratcheted up threats against Iran, and is continuing to rise amid military strikes by the US and Israel on the country.
- Best Buy (BBY) shares gain after the company reported profit for the holiday-shopping season that was better than expected, with adjusted earnings per share of $2.61. The company's revenue forecast for this year met Wall Street estimates, and it boosted its dividend, giving investors confidence.
- Cigna (CI) shares fall after the health insurer said David M. Cordani will retire as chief executive officer and be replaced by chief operating officer Brian Evanko.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Best Buy (BBY) surged after reporting profit for the holiday-shopping season that was better than feared. Its revenue forecast for this year also met expectations, giving investors confidence that the electronics chain won’t take a step backward.
- Target (TGT) shares rise after the retailer reported adjusted EPS for the fourth quarter that soared above the consensus estimate. Management said sales and traffic trends accelerated in the last two months of the period, and that it saw “a healthy, positive sales increase” in February.
- Pinterest (PINS) shares are jumping after the company announced a $1 billion strategic investment from Elliott Investment Management. It also authorized a new $3.5 billion share repurchase program for its Class A common stock.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Target (TGT) forecast better-than-expected profit for the full year, indicating the big-box retailer’s turnaround plans are generating results.Adjusted earnings per share are projected in a range of $7.50 to $8.50 in the current fiscal year, the company said in a statement on Tuesday. The midpoint is above the average of estimates compiled by Bloomberg.
- Fitch Ratings downgraded Paramount Skydance’s (PSKY) corporate and long-term borrower ratings to junk following the media company’s agreement to buy larger rival Warner Bros. Discovery Inc., a deal that will saddle the combined business with $79 billion in net debt.
- Credo Technology (CRDO) shares drop after the communications equipment company reported revenue for the third quarter that matched its preliminary results announced in February.
See omnystudio.com/listener for privacy information.