Stock Movers

On this episode of Stock Movers:
- Levi Strauss (LEVI) shares jump after the company raised its projections for the year after reporting better-than-expected quarterly results, citing strong demand in all regions. The company's revenue and earnings per share exceeded expectations, with revenue of $1.7 billion in the fiscal quarter ended March 1.
- Delta Airlines (DAL) shares are up on positive earnings. Delta Air Lines Inc. said it expects to incur more than $2 billion in higher fuel costs through June because of the Iran war. Delta Chief Executive Officer Ed Bastian said the company is "looking to do more" fare increases and will make "some meaningful capacity reductions" of about 3.5%.
- Venture Global (VG) shares drop. Energy stocks are falling and airline stocks are rising after US and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz.
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On this episode of Stock Movers:
- Delta Air (DAL) shares extended their climb to as much as 14% in premarket trading, after the carrier posted adjusted profit and revenue for the first quarter that topped the average analyst estimate. Though the airline omitted full year guidance, its forecast for the current quarter is viewed as strong by analysts considering higher fuel-cost assumptions.
- Levi Strauss & Co. (LEVI) raised its projections for the year after reporting better-than-expected quarterly results, citing strong demand in all regions as the denim brand steers shoppers to its own stores and website.
- Exxon Mobil (XOM) lost 6% of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf.
Half those outages were from a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said Wednesday. Two LNG production lines, or trains, at the facility were damaged by Iranian missile strikes.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Delta Air Lines (DAL) expects to incur more than $2 billion in higher fuel costs through June because of the Iran war, prompting the carrier to tread carefully and stick to its previous full-year profit forecast.“We’re not updating it in light of the uncertainty, so I think it’d be imprudent to make any estimate at this point,” Delta Chief Executive Officer Ed Bastian said.
- Exxon Mobil (XOM) said 6% of its global first-quarter production was knocked out as the Iran war paralyzed much of the Persian Gulf energy industry. Half of those outages were concentrated at a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said on Wednesday. Two LNG production lines, or trains, were damaged.
- Carnival Corp. rose 9.7% in trading before regular market hours.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

- Ryanair rose 11%, the most in five years, as airlines climb on news of a ceasefire between the US and Iran.
- Shell said its first-quarter results were boosted by its oil trading operation, even as the company’s Middle East assets were battered by the Iran conflict. Oil plunged below $100 a barrel on Wednesday after the US and Iran agreed to a two-week ceasefire, but prices remain up by more than 50% this year.
- Close Brothers shares surge as much as 23%, the most since August, after the lender said the estimated cost of the FCA’s motor finance redress proposal is broadly similar to its existing provision.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- EasyJet shares rose 12% and are up 15% in the past week following news of a ceasefire agreement between the US and Iran.
- Shell said its first-quarter results were boosted by its oil trading operation, even as the company’s Middle East assets were battered by the Iran conflict. Oil plunged below $100 a barrel on Wednesday after the US and Iran agreed to a two-week ceasefire, but prices remain up by more than 50% this year.
- Fresnillo rose 14% the most in six years. The stock was the best performer among its peers.
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