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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.

Movers: BP, Chegg, Dupont, Pfizer, Uber

May 2, 2023
Scott Peters
Pfizer confirmed it has no plans to buy back its own share in 2023. Uber Technologies said quarterly revenue surged and loss shrank on a higher number of transactions. BP Plc net income declined in its latest quarter reflecting lower prices for crude oil and gas.

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Movers: First Republic Bank, JP Morgan, Global Payments, Norwegian Cruise, ON Semiconductor, SoFi Technologies

May 1, 2023
Scott Peters
JP Morgan won the auction to acquire assets and deposits of the seized First Republic Bank. ON Semiconductor offered a muted second quarter revenue and gross margin outlook. Norwegian Cruise forecasted improving yields and sales in the second quarter.

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Movers: Amazon.com, Chevron, Capital One, Exxon Mobil, Intel

Apr 28, 2023
Scott Peters
Exxon Mobil and Chevron distribute bumper oil profits to shareholders through stock repurchases and dividend increases. Amazon.com Inc forecasted a wider range for operating earnings, reflecting macroeconomic headwinds. Intel estimated elevated losses to continue in the second quarter.

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Movers: American Airlines, Meta Platforms, STMicroelectronics, Southwest Airlines, Teladoc Health

Apr 27, 2023
Scott Peters
Southwest Airlines reported loss in the first quarter shrank. American Airlines swung to a quarterly profit. Meta Platforms reported higher revenue but net income declined in the first quarter.

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Movers: Alphabet, Chipotle Mexican Grill, Corning, CoStar Group, McDonald's, Microsoft

Apr 26, 2023
Scott Peters
Microsoft revenue increase in the March quarter was driven by cloud segment growth offset by a weakness in personal computing linked sales. Google's parent Alphabet reported slower revenue growth compared to a year ago. Chipotle Mexican Grill sales and earnings jumped on higher prices.

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