Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Uber bought out Aspex Management’s shares of Delivery Hero SE, boosting its stake to 36.83% as the ride-hailing company negotiates a deal to buy the German food-delivery platform.
- SSE said it is unlikely to meet its 2030 renewable energy target, citing a difficult market environment, policy uncertainty and delays to grid connections.
_ Michelin says it’s considering cutting 1,500 jobs in France over three years to lower its cost base at a time of turmoil in the various industries where the tiremaker has a presence.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Uber bought out Aspex Management’s shares of Delivery Hero SE, boosting its stake to 36.83% as the ride-hailing company negotiates a deal to buy the German food-delivery platform.
- L’Oreal’s growth is reaching an inflection point, Berenberg writes in a note as upgrades its rating on the beauty company to buy after 14 months with a hold rating.
- Soitec shares climb as much as 19%, resuming their stellar year-to-date rally after three days of losses. Analysts note the French chip material company’s revenue surpassed expectations in the final quarter of the year, although full-year margins disappointed.
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On this episode of Stock Movers:
- JPMorgan raised the recommendation on MGM Resorts International (MGM) to overweight from neutral, citing stable leisure demand and improving Las Vegas Strip growth. Truist raised the recommendation on casino and hotel operator to buy from hold. Shares are up 4% premarket Wednesday.
-Boston Scientific (BSX) stock slides as much as 12%, the most intraday since February, after the company’s CEO indicated at an industry conference that standalone WATCHMAN heart implant procedures continue to decline. Management also mentioned potential near- term challenges in its presentation
- Snowflake (SNOW) shares jumped almost 30% in late trading after the software maker gave a stronger-than-expected annual outlook and signed a $6 billion multiyear agreement to use Amazon.com Inc.’s cloud services and chips.
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On this episode of Stock Movers:
- Abercrombie & Fitch (ANF) shares are up 5.7% in premarket trading after the apparel retailer reported first-quarter adjusted earnings per share that beat and maintained its outlook for the year. The shares are down about 41% this year as of Tuesday’s close, with Citi noting sentiment was negative heading into the print.
-Dick’s Sporting Goods (DKS) shares are down 3.7% after the retailer’s mixed first quarter earnings report. Gross margin trailed expectations, but comparable sales at both Dick’s and Foot Locker segments beat expectations, according to analysts. Foot Locker profitability was also better than expected.
-Bath & Body Works (BBWI) shares climb 12% premarket after the soap and candle retailer’s first-quarter results came in ahead of consensus estimates, plus second-quarter guidance also matched Street estimates, and full-year guidance was maintained. BBWI also said CFO Eva Boratto will step down from her role effective June 12.
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On this episode of Stock Movers:
- United Airlines (UAL) shares rise. TD Cowen analyst Thomas Fitzgerald raised the target on United Airlines Holdings Inc. to $150 from $142. Maintains buy rating. Investors who followed Fitzgerald's recommendation received a 42% return in the past year, the same as the company's performance.
- JPMorgan Chase (JPM) shares drop. JPMorgan Chase & Co. will probably spend about $1 billion more this year than executives expected just last month, according to Chief Executive Officer Jamie Dimon.
- Boston Scientific (BSX) shares slide as much as 11%, most intraday since March 30, after the company’s CEO mentioned potential near term challenges in its presentation at an industry conference.
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