Closing Bell: Victoria's Secret, HPE Soar, Freddie and Fannie Fall

Macy's Reports; Palo Alto Drops; GameStop Historic Profit

On this episode of Stock Movers: - Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company’s focus on growing its luxury business and improving its assortment is paying off. - Palo Alto (PANW) shares are dropping as the security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations. - GameStop (GME) shares are climbing after the video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million was the highest ever for a quarter in the company’s history, GameStop said in a regulatory filing Tuesday. - Gitlab (GTLB) shares are declining as Barclays said the software company’s outlook raised questions about future upside. The company also said it is cutting about 14% of its workforce and exiting 22 countries as part of a restructuring. - Marvell Technologies (MRVL) continue to surge the most in 26 years after Nvidia Corp.’s Jensen Huang predicted that the semiconductor and networking company would be the next business to hit a $1 trillion valuation. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Akzo Nobel Plunges, Inditex Up, B&M Cuts

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Nippon Paint Holdings and Sherwin-Williams ended their effort to buy Akzo Nobel NV, leaving the Dutch paintmaker to proceed with its planned merger with US firm Axalta Coating Systems Ltd. - Inditex’s sales growth picked up at the start of its second quarter, boosting confidence in the Zara owner’s resilience in the face of weakening consumer spending. - B&M European Value Retail Plc decreased its semi-annual final dividend to 6.10 pence per share from the previous final dividend of 9.70 pence per share. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Akzo Nobel Plunges, Inditex Up, B&M Cuts

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Nippon Paint Holdings and Sherwin-Williams ended their effort to buy Akzo Nobel NV, leaving the Dutch paintmaker to proceed with its planned merger with US firm Axalta Coating Systems Ltd. - Inditex’s sales growth picked up at the start of its second quarter, boosting confidence in the Zara owner’s resilience in the face of weakening consumer spending. - B&M European Value Retail Plc decreased its semi-annual final dividend to 6.10 pence per share from the previous final dividend of 9.70 pence per share. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Palo Alto Jumps, Ulta Beauty Mixed, Gitlab Cuts Workforce

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Palo Alto Networks (PANW) shares are up 13% in extended trading, after the security software company reported third-quarter results that beat expectations and raised its full-year forecast for key metrics. - Ulta Beauty (ULTA) shares are up 4.9% in extended trading after the retailer raised its earnings per share forecast for the full year. Ulta said sales at stores open at least a year increased 5.3%, above the 4.7% that analysts were expecting. Not only did transactions increase 1.6%, but the average purchase size rose 3.7%. - GitLab is cutting about about 350 roles, or about 14% of its workforce and exiting 22 countries as part of a restructuring aimed at streamlining operations and sharpening execution. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: Victoria's Secret, HPE Soar, Freddie and Fannie Fall

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec. - 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 - 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. -Fannie Mae (FNMA) and Freddie Mac (FMCC) shares fell after President Donald Trump appointed Bill Pulte, the head of the Federal Housing Finance Agency, as his acting director of National Intelligence. Pulte is set to remain in his role as FHFA director and chairman of Fannie and Freddie, the mortgage giants that have been under government control since the US housing crash unleashed the global financial crisis. Fannie slipped as much as 5.7% and Freddie dropped as much as 5.1% on Tuesday. Both have tumbled more than 30% this year because of mounting unease about the pace at which the Trump administration was moving. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.