Pan African Slides, Nokia Climbs, EasyJet Gains

Remy Cointreau Up, STMicro Down, Puma Rises

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Remy Cointreau posted slightly better-than-expected annual profit as strong growth in the Americas helped the Cognac maker stem losses from tepid demand in its critical European and Chinese markets. - ST Micro and other chip names are seeing some weakness this morning following Broadcom's disappointing outlook on AI revenue. - Puma is upgraded to buy from neutral at Citi, which cites potential major medium-term growth opportunity in Greater China based on Anta Sports Products becoming the firm’s biggest shareholder. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Broadcom Slides on Disappointing AI Outlook, CrowdStrike Falls, Petco Drops

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Broadcom (AVGO) shares fell in extended trading after the company delivered a disappointing forecast for artificial intelligence chip revenue, signaling it’s efforts to gain ground in the burgeoning industry are going more slowly than anticipated. AI semiconductor revenue will be $16 billion in the fiscal third quarter, which runs through July, the company said in a statement Wednesday. Analysts predicted $17.2 billion on average, according to data compiled by Bloomberg. - CrowdStrike (CRWD) shares fell in extended trading after the security software company reported its first-quarter results and gave an outlook. While the results beat expectations and the full-year forecast was raised on key metrics, the report wasn’t strong enough to extend the recent strength in the stock. - Petco (WOOF) saw its shares tumble post-market after the pet health and wellness company’s second-quarter adjusted Ebitda forecast came in below the average analyst estimate. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: MiniMed Surges, Ulta Slips, CrowdStrike Beats Estimates

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 Greifeld, Carol Massar and Tim Stenovec. - MiniMed (MMED) shares jump as much as 20%, most intraday on record, after the diabetes device maker reported fourth-quarter net sales and a CGM attachment rate that surpassed expectations. MiniMed also said it plans to commercialize dual glucose-ketone sensors with Abbott. - Ulta (UTLA) shares traded lower after analysts noted that guidance for the retailer suggests a gloomier outlook for the back half of the year than initially anticipated. - CrowdStrike (CRWD) delivered earnings after the bell, boosting adjusted earnings per share for the second quarter. Shares traded lower afterhours. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Ulta Slips, GameStop Climbs, Medtronic Gains

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Ulta (ULTA) shares slid in trading as analysts note the retailer's annual guidance implies a weaker outlook than expected for the end of the year. - GameStop (GME) shares continued to rally in trading on Wednesday after it reported a record quarterly profit driven by its collectibles business after the bell on Tuesday. The results were aided by a decline in expenses and a 65% increase in its collectibles business. The retailer has been looking to sell more items such as Pokemon cards and action figures as consumers increasingly buy video games outside of physical stores. - Medtronic (MDT) shares gained after the medical devices maker reported revenue for the fourth quarter that beat expectations. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

GameStop Climbs, USA Rare Earth Rises, Ulta Beauty Falls on Guidance

- GameStop (GME) shares climb. 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. - USAR (USA Rare Earth) shares rise. The company secured up to $277 million in federal funding and as much as $1.3 billion in senior secured loan capacity from finalized definitive agreements with the US Department of Commerce. - Ulta Beauty (ULTA) shares slip as analysts note the retailer’s annual guidance implies the outlook for the back half of the year is weaker than expected. Analyst Michael Baker says that with Ulta stock down 18% year to date and trading 17% below its five year average on a relative P/E basis, it wasn’t priced to be a perfect quarter. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.