Stock Movers

On this episode of Stock Movers:

- Target (TGT) shares fall as much as 6.5% premarket, erasing an earlier gain of about 3%, as executives warn that second-quarter comparisons are the “hardest” of the year. “Notably, in the quarter just ended, we faced the easiest prior year comparison of the year and will be facing the hardest comparison in Q2, a nearly two percentage point difference as we begin lapping last year’s launch of the Nintendo Switch two,” CFO James Lee said on the conference call.

- Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.

- Hasbro (HAS) shares were down more than 7% on Wednesday morning after the company maintained a sales forecast for the year that was on the low end of what analysts expected.The toymaker, home to GI Joe action figures and Magic: The Gathering playing cards, reported that sales in the first quarter rose 13% to $1 billion. Revenue for the company’s games unit rose 26%, was flat in traditional toys and declined in its entertainment business.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) the world’s most valuable company, will give a much-anticipated update on the state of the artificial intelligence economy when it reports first-quarter results on Wednesday. Sales are estimated to have grown 80% in the period. That's the fastest clip in more than a year.
-Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.
- Lowe's (LOW) shares fall. Lowe’s Cos. reported sales growth in the first quarter that just missed estimates, with comparable sales rising 0.6% during the period. The company kept its full-year outlook unchanged, with earnings per share expected to be between $12.25 to $12.75, and adjusted earnings per share of $3.03 topping Wall Street expectations.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.
- Lowe's (LOW) shares drop. Lowe’s Cos. reported sales growth in the first quarter that just missed estimates, with comparable sales rising 0.6% during the period. The company kept its full-year outlook unchanged, with earnings per share expected to be between $12.25 to $12.75, and adjusted earnings per share of $3.03 topping Wall Street expectations.
- TJX (TJX) shares gain. TJX Cos. raised its sales growth expectations for the year as cautious shoppers spend on lower priced goods at the company's discount chains. The company said comparable sales from its stores and e-commerce sites are now seen expanding as much as 4%, up from previous guidance for an increase of as much as 3%.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Toll Brothers (TOL) is rising after the builder reported second-quarter revenue that beat the average analyst estimate. The company also narrowed its deliveries forecast for the full year.
- TJX (TJX) is moving after it raised its sales growth expectations for the year as cautious shoppers spend on the lower priced goods at the company’s discount chains.
- Hasbro (HAS) shares are moving after it reported a jump in profit and revenue in the first quarter, driven by continued strength in its Wizards of the Coast and digital-gaming segment.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Target (TGT) shares are higher after it posted its best comparable sales growth in four years, with comparable sales gaining 5.6% last quarter. Target's strategy, which includes freshening up merchandise and stores and integrating more technology operations, is paying off under new Chief Executive Officer Michael Fiddelke.
- Lowe's (LOW) shares dipped after it reported disappointing sales growth in the first quarter and kept its full-year outlook unchanged, citing a challenging housing environment.
- VF Corp (VFC) shares are higher after the footwear and apparel company said its Vans segment’s Americas direct-to-consumer business returned to growth in the fourth quarter for the first time more than four years. Adjusted operating income was also better than expected.
See omnystudio.com/listener for privacy information.