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Movers: Meta Inc, Micron Technology, PacWest Bancorp

May 22, 2023
Scott Peters
Micron Technology products were banned by China regulatory agency citing security risks. PacWest Bancorp sold assets to raise cash. Meta Platforms will appeal a fine levied by the European regulator for data protection law violations.

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Movers: Applied Materials, Children's Place, Deere & Company, Farfetch, Foot Locker

May 19, 2023
Scott Peters
Applied Materials reported mixed quarterly results. Foot Locker reported a sharp decline in sales on weak comparable sales in the first quarter. Deere & Company reported better-than-expected quarterly results on the back of strong worldwide sales of equipment.

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Movers: Bath & Body Works, Cisco, Synopsys, Take Two Interactive, Walmart

May 18, 2023
Scott Peters
Bath & Body Works reported a decline in sales and earnings and forecasted weaker results for the full-year. Cisco Systems offered cautiously optimistic outlook for the year. Take Two Interactive estimated net loss in the fiscal year 2024.

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Movers: Container Store, Doximity, EVgo, Keysights, Target Corp

May 17, 2023
Scott Peters
The Container Store Group swung to a quarterly loss but forecasted profit in the current fiscal year. Evgo Inc announced a secondary stock offering. Target Corp said sales barely rose and profit declined in the first quarter.

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Movers: Capital One, Dish Network, Home Depot, Nu Holdings

May 16, 2023
Scott Peters
Nu Holdings, the Brazil-based and Latin America focused online bank reported a surge in new customers, deposits and loans in the first quarter. Home Depot forecasted a decline in sales and comparable sales in fiscal year 2023.

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Movers: Activision Blizzard, Microsoft, Magellan Midstream, Newmont Corp, OneOK, shake Snack

May 15, 2023
Scott Peters
Newmont Corp finalized its deal terms to acquire Australia-based Newcrest Mining and expand its metals portfolio to include gold and copper. OneOk agreed to acquire Magellan Midstream and expand its pipe network to 25,000 miles.

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Movers: First Solar, JD.com, News Corp, Regional Banks, Tesla

May 12, 2023
Scott Peters
Regional banks rebounded but traded near recent lows on the ongoing worries of deposit outflows. JD.com announced a surprise management changes. News Corp said liner TV subscribers continued to declined.

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Movers: Alphabet, Disney, PacWest Bancorp, Unity Software

May 11, 2023
Scott Peters
Disney reported a sustained recovery in its theme park business and a smaller loss in its streaming unit but total paid subscribers declined in the first quarter. Unity Software reported higher sales but quarterly loss expanded.

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Movers: Airbnb, Akamai Technologies, Dutch Bros, GoodRx, Icahn Enterprises, Rivian

May 10, 2023
Scott Peters
Airbnb reported a rebound in online booking across all regions of the world. Akamai Technologies lifted its full-year outlook on the back of stronger results in the first quarter. Rivian Automotive reiterated its annual production target.

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Movers: Fresenius, Lucid Group, PayPal, SeaWorld Entertainment, Semrush, Warby Parker

May 9, 2023
Scott Peters
Warby Parker reported a smaller quarterly loss. SeaWorld Entertainment quarterly loss expanded despite record quarterly revenue. Lucid Group quarterly loss soared.

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Movers: AMC Entertainment, Berkshire Hathaway, Occidental Petroleum, PacWest, Viatris

May 8, 2023
Scott Peters
AMC Entertainment settled its class action shareholder lawsuit. Berkshire Hathaway reported higher earnings after insurance segment income rebounded. Viatris reported a sharp decline in earnings. PacWest trimmed quarterly dividend.

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Movers: Apple, Bumble, Carvana, DraftKings, DoorDash, Expedia Group, Lyft

May 5, 2023
Scott Peters
Apple Inc said revenue and earnings fell on the weakness in sales in the Americas and weak rebound in Greater China. Carvana Inc reported a double-digit decline in sales and earnings in the latest quarter. Lyft said active riders increased in the first quarter. Expedia said gross bookings soared.

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Movers: Ferrari, First Horizon, PacWest Bancorp, Paramount Global, Peloton Interactive, Shopify

May 4, 2023
Scott Peters
Ferrari reported luxury vehicle sales surged in Americas and Asia and earnings and sales advanced in double digits. Peloton Interactive lukewarm increase in quarterly revenue but loss shrank from the previous year. Shopify said gross merchandise and payment volumes advanced.

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Movers: AMD, Expeditors International, Ford Motor, Generac, Match Group, Starbucks

May 3, 2023
Scott Peters
Starbucks said comparable store sales rose on price increases and higher number of customers in the U.S. and international markets. March Group earnings plunged. AMD reported a sharp decline in chips for personal computing but sales for data centers were stable.

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Europe Movers: BNP Paribas, Deutsche Lufthansa, Porsche, Stellantis, UniCredit

May 3, 2023
Bridgette Randall
Porsche Automobil reported higher sales and operating earnings after deliveries jumped. BNP Paribas reported higher revenue but net income from continuing operations declined. Deutsche Lufthansa said passenger revenue soared but cargo load factor dropped.