Today's Morning Movers and Top Ratings: WMT, CB, GOOS, UA and More
Morning Movers
Gapping up
$Canada Goose(GOOS.US$ surged over 12% after surpassing sales and earnings estimates for its fiscal fourth quarter and indicated a key profit margin metric would grow by approximately 100 basis points this year compared to fiscal 2024.
$Walmart(WMT.US$ 's stock increased by 4.7% post-reporting adjusted first-quarter earnings of 60 cents per share, eclipsing the expected 52 cents, with revenue reaching $161.5 billion, outpacing the $159.5 billion consensus estimate.
$Chubb Ltd(CB.US$ 's shares rose over 8.1% before Thursday's market open as Berkshire Hathaway disclosed it has been building a significant position in the company, purchasing nearly 26 million shares for about $6.7 billion, making it the second-largest shareholder.
$Cisco(CSCO.US$ shares went up by 3% after announcing better-than-anticipated fiscal third-quarter results and raised its 2024 revenue forecast to an expected midpoint of $53.7 billion.
$Baidu(BIDU.US$ 's stock was up by less than 1% after reporting first-quarter revenue of CNY 31.51 billion ($4.7 billion), exceeding analysts' expectations.
$GoodRx(GDRX.US$ 's shares advanced about 6% following an upgrade to outperform, with an analyst citing a favorable growth story with potential upside.
$Coupang(CPNG.US$ 's stock increased by 3.1% after an upgrade to buy from neutral due to its expanding portfolio and strong logistics network.
$Dell Technologies(DELL.US$ 's shares increased by 2% after a price target boost, with the firm recognizing a growing opportunity in artificial intelligence that could involve Tesla as a customer.
Gapping down
$Under Armour-C(UA.US$ 's Class A shares plunged 11% and Class C shares dropped 9% as the company projected lower-than-anticipated full-year earnings of 18 to 21 cents, well below the 59 cents analysts expected.
$AMC Entertainment(AMC.US$ 's and $GameStop(GME.US$ 's shares fell nearly 11% and about 14%, respectively, following a short-lived revival in the meme stock movement. Despite the weekly decline, both companies' shares have experienced significant surges of over 80% and 140%.
$Deere(DE.US$ 's stock decreased by nearly 6% after cutting its net income forecast for 2024 to about $7 billion from an earlier estimate of $7.75 billion.
$Meta Platforms(META.US$ ' shares dipped by 0.5% after the European Union initiated an investigation into Meta over concerns of child safety on Facebook and Instagram.
Source: CNBC; Investing.com
US Top Rating Updates on 05/16
Source: Dow Jones
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Milk This Cow : just an observation, yesterday retail report says, no one spending money WMTs earnings says they have more higher Income coming in. that should tell anyone the market is going to take a dive. it's just a matter of time, and debt is at all time high with consumers.
Guiping Giordano : Thanks for getting the news in a timely manner
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