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Movers: lululemon, McCormick, Micron, Paychex, UBS

Mar 29, 2023
Scott Peters
Lululemon said total sales in its latest quarter soared on the back of a rise in comparable same store sales. UBS appointed its former chief executive to manage the recent acquisition of Credit Suisse. McCormick said quarterly sales rose slightly despite the Covid-disruptions in China.

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Movers: Alibaba, Carnival, Lyft, Occidental Petroleum, PVH, Walgreens Boots

Mar 28, 2023
Scott Peters
China-based Alibaba Group said it plans to split the company in six units. Carnival Corp reported record quarterly bookings. Lyft announced leadership changes. Walgreens Boots retained its annual adjusted earnings outlook after business accelerated in February.

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Movers: Block, Carvana, Chewy, Coinbase Global, Darden Restaurants, KB Home, Worthington Industries

Mar 23, 2023
Scott Peters
KB Home reported flat quarterly revenue but earnings declined on higher operating costs. Darden Restaurants lifted its fiscal year sales outlook. Chewy posted a rise in quarterly sales and the online pet food store said active customers declined slightly.

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Movers: Carvana, GameStop, Nike, PacWest Bancorp

Mar 22, 2023
Scott Peters
Carvana announced a debt restructuring plan and also pre-released financial metrics. GameStop swung to a quarterly profit on nearly flat sales. PacWest Bancorp accessed Federal Reserve's borrowing facilities after outflow of deposits.

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Movers: Citi Trends, Credit Suisse, First Republic Bank, Foot Locker, GameStop, Tesla, UBS

Mar 21, 2023
Scott Peters
Regional banks rebounded after reassurances from the U.S. Treasury Secretary. Moody's lifted Tesla bond rating to investment grade from junk status. Citi Trends sales and earnings declined in the fourth quarter.

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Movers: Amazon.com, First Republic, New York Community Bancorp, UBS

Mar 20, 2023
Scott Peters
UBS agreed to acquire struggling Credit Suisse after regulators stepped in to prevent a wider fallout in the banking sector. New York Community Bancorp agreed to acquire Signature Bank from the FDIC.

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Movers: Children's Place, First Republic, FedEx, Signet Jewelers

Mar 17, 2023
Scott Peters
Signet Jewelers said revenue in the holiday period declined and guided weak sales in the current fiscal year. Children's Place swung to a loss and the specialty retailer said it will continue to shrink its store network.

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Movers: Adobe, Credit Suisse, Dollar General, First Republic Bank, Occidental Petroleum

Mar 16, 2023
Barry Adams
Adobe posted better-than-expected fiscal first quarter results and lifted its outlook for the year. Dollar General same stores lagged market expectations. Five Below said it plans to open a record new stores in 2023.

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Europe Movers: BMW, Burberry, E.ON, Ferrexpo, IG Group, Lanxess

Mar 15, 2023
Bridgette Randall
BMW hiked its dividend and held out for higher margin and sales in 2023 on expanded luxury vehicle sales. Lanxess, the German specialty chemical company swung to a loss in the fourth quarter. Inditex, parent of Zara, reported record net income and cash flow in 2022.

Movers: Cvent, Lennar, PacWest Bancorp, Royal Caribbean, Wells Fargo

Mar 15, 2023
Scott Peters
Regional banks accelerated losses after after fears of banking system spread to Europe. Credit Suisse's largest shareholder refused to provide additional liquidity. Wells Fargo's shelf registration signaled more capital raise from other banks.

Movers: Cvent, DoorDash, GitLab, First Republic Bank, Lyft, Uber Technologies

Mar 14, 2023
Scott Peters
Cvent agreed to be acquired to go private again in less than three years. Order delivery and ride-sharing companies advanced after a California appeals court reversed the driver classification ruling by a lower court. United Airlines forecasted a first quarter loss.

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Movers: Charles Schwab, Etsy, First Republic, Qualtrics, Signature Bank

Mar 13, 2023
Scott Peters
Qualtrics agreed to be sold for the second time in five years. Signature Bank was seized by regulators after deposit withdrawals accelerated on Friday. First Republic Bank arranged additional financial liquidity.

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Movers: Allbirds, DocuSign, Gap, Oracle, SVB, Signature Bank, Vail Resorts

Mar 10, 2023
Scott Peters
Silicon Valley Bank was closed down after a run on the bank accelerated deposit withdrawals. Allbirds reported its first quarterly revenue decline. Oracle Corp said quarterly revenue rose but earnings fell.

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Movers: BJ's Wholesale Club, Credit Suisse, Life Time Group, MongoDB, Silvergate Capital, SVB Financial, Tesla

Mar 9, 2023
Scott Peters
BJ's Wholesale Club said quarterly earnings and sales rose on record membership renewals. SVB Financial, the operator of Silicon Valley Bank, said it plans to raise capital as startups burn through bank deposits.

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Movers: BlackBerry, CarParts.com, Cricut, Crowdstrike, Harte Hanks, Occidental Petroleum, Stitch Fix

Mar 8, 2023
Scott Peters
BlackBerry said the latest quarterly results are expected to include a large non-cash goodwill impairment charges. Berkshire Hathaway increased its stake in Occidental petroleum. Stitch Fix reported a wider quarterly loss.

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