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- Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Western Digital Corp (WDC) shares are dropping after the computer hardware and storage company forecast revenue for the first quarter that missed the average analyst estimate at the midpoint. Analysts note the company’s performance lags that of peer Seagate.
- Sandisk (SNDK) share are falling after the computer hardware company’s revenue forecast for the first quarter missed the average analyst estimate. Analysts note that the current quarter outlook was soft but they are positive about the business transitioning to a more durable operation.
- Diageo (DGE) shares are moving after CEO Dave Lewis forecast a return to growth and laid out a significant cost-savings program as he forges ahead with his plan to overhaul the British distiller.
See omnystudio.com/listener for privacy information. - Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- WPP shares soar as much as 30% after it reported first-half profits that beat analysts’ estimates, driven by the advertising agency’s cost-cutting efforts in a sluggish market.
- Rheinmetall shares fell slightly after it cut its sales forecast for this year as Germany’s biggest defense company deals with the fallout of losing a German naval contract worth several billion euros.
- Medicover shares rise after KKR & Co. agreed to acquire the Swedish company’s Indian hospital operations as the private equity firm seeks to expand its health-care investments in the world’s most populous country.
See omnystudio.com/listener for privacy information. - Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- WPP Plc reported first-half profits that beat analysts’ estimates, driven by the advertising agency’s cost-cutting efforts in a sluggish market.
- Glanbia shares jump as much as 9.1%, their biggest jump in over three months, after the nutrition company delivered earnings ahead of expectations in the first half and improved its guidance for the full year, which analysts expect to lift consensus.
- Siemens disappointed investors hoping that it would show a bigger benefit from a surge in data center spending that prompted a second increase in its earnings outlook this year.
See omnystudio.com/listener for privacy information. - Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kioxia’s shares rose as much as 12% in Tokyo after the memory chipmaker announced a share buyback and analysts said the outlook for demand is positive.
- HSBC shares dropped after a report that China is expanding its personal income tax to include any returns from insurance policies in Hong Kong.
- MiniMax, Luxshare and CCTC are added to the universe of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect effective Thursday, according to statements. MiniMax rises as much as 12% in Hong Kong, extending its two-day rally to more than 20%
See omnystudio.com/listener for privacy information. - Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- SpaceX (SPCX) shares fell after the company disclosed higher-than-expected spending on its artificial intelligence business. The company's capital expenditures soared to $28.5 billion in the first half of the year, with the vast majority of expenditures steered toward AI. SpaceX generated $3.38 billion in revenue from artificial intelligence during the first six months of the year, less than half what its connectivity business brought in during that span.
- Sandisk (SNDK) stock plunged 47% in July, erasing more than $150 billion in market value, but remains the best performer in the S&P 500 Index this year. The company is expected to report soaring profit and revenue growth, and give a rosy forecast, after tech giants including Amazon.com Inc. and Microsoft Corp. pledged to keep spending heavily on artificial intelligence computing infrastructure. Sandisk's earnings report will test whether strong results are enough to entice investors to buy in again, with Wall Street remaining overwhelmingly bullish on the shares and the average price target implying a gain of about 70% over the next 12 months.
- Eli Lilly (LLY) boosted its 2026 sales guidance after its weight-loss drug franchise performed far better than expected in the second quarter. Sales for the year are forecast to be between $85 billion and $87 billion, with second-quarter adjusted earnings and revenue beating Wall Street estimates. Lilly stock gained 8.6% when markets opened in New York, the largest gain since April. Meanwhile, Novo’s shares fell as much as 6.8% in Copenhagen.
See omnystudio.com/listener for privacy information.
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