Stock Movers

On this episode of Stock Movers:
- Home Depot (HD) shares fall. Sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below analysts' estimates. Home Depot's business has been hit by elevated interest rates and high housing prices, leading Americans to take on smaller projects instead of extensive remodels.
- Micron (MU) shares fall. This was due to supply and capacity concerns tied to rising artificial intelligence demand. Seagate Technology Holdings Plc and Western Digital Corp. stocks also declined in premarket trading after sharp selloffs in the previous session, amid concerns about the industry's ability to meet surging AI-driven demand.
- ServiceNow (NOW) shares rise. European software shares surged as investors turned toward more underloved technology stocks, with a sector gauge climbing 4.1% in afternoon European trade. Software stocks also gained in U.S. premarket trade, with companies such as Adobe, Salesforce, and ServiceNow rising, after markets had grown cold on software stocks so far this year.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of CoreWeave (CRWV) and other neocloud companies slump premarket after Alphabet agreed to create an artificial intelligence cloud business with Blackstone. Google agreed to create an AI cloud business with Blackstone.
- Meta (META) shares are moving as it's reassigning workers to new jobs related to artificial intelligence as part of a broad corporate restructuring. The new corporate structure will be "flatter" and mean "smaller teams", according to Chief People Officer Janelle Gale.
- Home Depot (HD) shares are moving in the premarket after sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below the average of analysts’ estimates. Home Depot’s business has been hit by elevated interest rates and high housing prices, which have sparked a pullback in home purchases and upgrade projects.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Home Depot (HD) are actually higher in the premarket after sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below the average of analysts’ estimates. Home Depot’s business has been hit by elevated interest rates and high housing prices, which have sparked a pullback in home purchases and upgrade projects.
- Blackstone (BX) and Alphabet (GOOG) are higher on news the firms agreed to create an artificial intelligence cloud business. The project will rely on an initial $5 billion in equity capital from Blackstone, which will become the majority owner. The new business will compete with companies like CoreWeave Inc. in a burgeoning market and will run Google's homegrown AI chips called tensor processing units, or TPUs.
- Agilysys (AGYS) shares are climbing double digits in trading before regular market hours. The company reported EPS and sales above estimates.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Standard Chartered Chief Executive Officer Bill Winters delivered a blunt message on the future of the bank’s workforce, warning that a push into artificial intelligence will eliminate thousands of roles as the lender replaces “lower-value human capital” with technology.
- SSP Group gains as much as 7.5% as the travel food and beverage outlet operator said its full-year EPS is expected to remain within the consensus range, despite impact from Middle East disruption. Analysts note weakness in the shares year-to-date and say today’s outlook commentary is reassuring.
- Big Yellow Group reported adjusted pretax profit for the full year that met the average analyst estimate.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Evolution gains as much as 12%, the most since Oct. 2024, after the Swedish online gambling company approved a €2 billion share buyback program. Analysts say the size of the buyback program is significantly bigger than expected, and a welcome signal of confidence.
- Cranswick shares rise as much as 6.1%, the steepest gain since Sept. 2024, after the British meat producer’s full-year results exceeded estimates. The company said its performance across all financial measures is “well ahead of medium-term targets.”
- Diploma climbs as much as 7% after boosting its guidance for the second time in three months. The building components supplier now sees FY26 organic revenue growth at 12%, compared to 9% previously, which with further deal spend implies about 6% upgrade to consensus operating profit, Morgan Stanley says
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