Marvell Surges, Victoria's Secret Climbs, Deere Rises on Tariff Cuts

HPE Soars, Victoria's Secret Climbs, Shake Shack Falls

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Hewlett Packard Enterprise (HPE) shares soared by the most ever after the company gave an outlook for annual sales that topped Wall Street’s estimates, citing massive growth in AI-fueled demand for its servers and networking. Revenue will increase about 31% in the fiscal year ending in October, and about 10% in the year ending in October 2027, the company said Monday in a statement. Both are significantly higher than analyst growth expectations — 19% and 5.3% for fiscal years 2026 and 2027, respectively. - Victoria’s Secret (VSXY) shares soared after the company beat earnings estimates and boosted its outlook, adding to signs of progress for Chief Executive Officer Hillary Super’s turnaround plan. The lingerie retailer raised its annual net sales guidance to as much as $7.13 billion, up from a previous high of $6.95 billion. Victoria’s Secret reported net sales of $1.56 billion for the quarter ended May 2, exceeding analysts estimates. Comparable sales for the quarter were also above forecasts -Shake Shack (SHAK) shares decline as much as 12%, to the lowest since Nov. 2023, after the burger company lowered its guidance for the second quarter about a month after first providing ranges for the period. Management cited “macroeconomic uncertainty,” as well as the “competitive landscape” for its reduced view. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Marvell Surges, Victoria's Secret Climbs, Deere Rises on Tariff Cuts

On this episode of Stock Movers: - Marvell (MRVL) shares surged after Nvidia Corp.'s Jensen Huang predicted the company will be the next to hit a $1 trillion valuation. Marvell's valuation will soar now that the age of "useful AI has arrived," according to Huang, alongside Marvell CEO Matt Murphy at Computex trade show in Taipei. - Victoria's Secret (VSXY) shares soared after the company beat earnings estimates and boosted its outlook, adding to signs of progress for Chief Executive Officer Hillary Super’s turnaround plan. - Deere (DE) shares rise. Shares of Deere & Co. and its peers are higher, while residential HVAC names surge, after the Trump administration said it would cut tariffs on farm equipment, construction equipment and residential HVAC systems starting June 8. Analysts say the agricultural equipment a clear beneficiary, with a smaller boon for construction equipment manufacturers. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

VSCO and HPE Jump; Marvell on the Rise

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Victoria's Secret (VSCO) shares are soaring after the lingerie maker, now trading under symbol VSXY, reports profit metrics and net sales for its first quarter that topped expectations, including adjusted operating income that was nearly twice the consensus estimate. Management boosted its annual forecasts. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Dollar General Reports; HPE Soars; Huang Bullish on Marvell

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Dollar General (DG) shares are higher after reporting earnings. It forecast earnings per share for the full year of $7.20 to $7.45, saw $7.10 to $7.35. - Alphabet (GOOG) is lower as it looks to raise $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Abivax Plunges, BAT Dips, Entain Gains

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Abivax shares plunged after cancer cases in a crucial clinical trial for a bowel disease drug threw the French biotech’s future into question. - Shares in British American Tobacco fell as much as 3.8%, extending a seven-day losing streak, as a trading update showed continued downtrading from consumers is hurting margins, overshadowing the firm’s maintained guidance and growth in new, smoke-free categories. - Entain shares rise as much as 4.6%, extending Monday’s gains after MGM Resorts confirmed it received a takeover offer from People Inc. Analysts believe any deal could lead to another transaction involving Entain and MGM’s joint venture named BetMGM. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.