Walgreens forecasted weaker earnings in the fiscal fourth quarter citing lower Covid-19 volume and macroeconomic headwinds. Lordstown Motor filed for chapter bankruptcy protection.

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Wise Plc jumped after the payment processing company reported a sharp jump in its annual earnings. Porsche Automobil signed a revolving credit agreement to improve its liquidity position.

Energy stocks were in focus after crude oil and natural gas traded volatile after Russian ended paramilitary group mutiny. China-linked stocks extended losses after indexes in Shanghai and Hong Kong extended losses.

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Euronext agreed to sell its stake in the French unit of clearing company LCH Group. Associated British Foods lifted its annual outlook. Aston Martin struck a deal with Lucid Group to make high performance vehicles.

Movers: Accenture, CarMax, Starbucks

Jun 23, 2023
Scott Peters
CarMax reported a decline in revenue and earnings after unit vehicle sales and comparable store sales fell. Accenture hiked its dividend and continued its stock repurchase activity. Starbucks faces strike at some stores.

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ThyssenKrupp is preparing to list its hydrogen unit on a stock exchange. GSK settled a lawsuit related to Zantac. Siemens Energy withdrew its annual outlook.

Spirit AeroSystems halted production at one of its plants after workers voted to strike. Darden Restaurants reported better-than-expected sales driven by a rebound in sales at its chain of steakhouse.



FedEx forecasted weak annual revenue growth citing macroeconomic headwinds. Winnebago Industries quarterly sales dropped because of above normal discounting.

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Cava Group soared on the first day of trading. Lennar lifted its annual outlook. John Wiley & Sons announced a restructuring plan after quarterly sales dropped.

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Toyota shareholders reelected chairman Akio Toyoda and endorsed a new electric vehicle strategy. The European Commission sought a break up of Google's ad tech business in Europe. UnitedHealth signaled elevated non-emergency surgeries.

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GameStop was in focus after chairman Ryan Cohen added more stake in the company. Oracle Corp reported better-than-expected sales and earnings. Energy complex stocks advanced after crude oil rebounded.

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Illumina forced outs its chief executive under pressure from activist investor Carl Icahn. JP Morgan announced a settlement in one of the cases linked to sexual predator Jeffrey Epstein. Nasdaq agreed to acquire financial software developer.

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GameStop said fiscal first quarter revenue fell and loss shrank and announced the departure of its chief executive. Signet Jewelers cited macroeconomic headwinds for quarterly sales weakness. HashiCorp said its fiscal first quarter loss shrank.

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Dave & Buster's reported record quarterly revenue but comparable store sales declined in the fiscal first quarter. Tesla said some of its new models are eligible for tax credit. Stitch Fix plans to exit from its UK business.

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Thor Industries reported a sharp decline in sales and estimated market weakness to persist in the remainder of the year. GitLab sales and quarterly losses soared. Coinbase to face SEC lawsuit. Mobileye announced a secondary offering.

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