Akzo Nobel Plunges, Inditex Up, B&M Cuts

Evoke Surges, ASML Dips, Infineon Falls

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Bally’s Intralot has reached an agreement to buy Evoke, the companies announce in a statement. - Technology stocks including ASML are declining on concerns that the AI spending boom may come with growing margin pressure. - Infineon shares slide after being downgraded by analysts at MP Capital Markets because the recent strength in the semiconductor stock leaves “limited upside” on the table. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Evoke's Deal, ASML Slips, Raspberry Pi Soars

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Bally’s Intralot has reached an agreement to buy Evoke, the companies announce in a statement. - Technology stocks including ASML are declining on concerns that the AI spending boom may come with growing margin pressure. - Raspberry Pi shares rise as much as 14%, extending their run and hitting a new all-time high after the British maker of small, low-cost computers said earnings this year will be well ahead of expectations, pointing to robust demand 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 plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors. Though the company is making headway in pivoting to AI customers, it’s up against outsized investor expectations. Broadcom had added roughly $270 billion in market value over the five trading sessions before the earnings report, fueled by AI optimism.  - Lululemon (LULU) lowered its annual forecast, underscoring the challenge that incoming Chief Executive Officer Heidi O’Neill faces in revitalizing the upscale yogawear brand. The company now sees revenue for the full fiscal year in a range of $11 billion to $11.15 billion, lower than the previous guidance and below the average of estimates compiled by Bloomberg. Lululemon’s net revenue outlook for the current quarter was also below expectations. Shares slipped in aftermarket trading. - Five Below (FIVE) shares fell after the discount retailer beat first-quarter earnings expectations and raised its full-year profit guidance but signaled caution over the consumer in the months ahead. “We’re looking at the world that our customers are living in: with rising fuel costs, with very sticky inflation, with a somewhat—soft labor market. And we think a piece of that pain that they are feeling wasn’t felt in the first quarter purely because of tax proceeds,” Chief Financial Officer Daniel Sullivan said in an earnings call.  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Broadcom Drops, CrowdStrike Falls, Five Below Tumbles After Beat as Retailer Frets Over Consumer

On this episode of Stock Movers: - Broadcom (AVGO) shares fall after the chipmaker gave an outlook that was seen as underwhelming given the industry’s AI-related demand. - CrowdStrike (CRWD) shares fall after the security software company reported first-quarter results beat, which wasn’t strong enough to lift the stock that has more than doubled from a March low. - Five Below (FIVE) shares fall after the retailer reported results, and while the quarter was a “standout,” the growth rate might be peaking, according to Jefferies. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Broadcom Plunges, Petco Slides, UnitedHealth Rises as BofA Lifts to Buy on Improving Cost Trend

On this episode of Stock Movers: -Broadcom (AVGO) shares plunged after the company’s forecast for sales of its artificial intelligence chips disappointed investors. AI semiconductor revenue will be $16 billion in the fiscal third quarter, falling well below analysts’ expectations of $17.2 billion on average. -Petco (WOOF) shares fell as much as 18% in postmarket trading after the company's second-quarter forecast fell below consensus estimates. The company reported adjusted Ebitda of $97.3 million and net sales rose 0.2% to $1.5 billion, the first year-over-year sales growth after five consecutive quarters of contraction. -UnitedHealth (UNH) shares rise. BofA Global Research upgraded the health insurer to buy from neutral, citing improving medical cost trends. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.