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

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.

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.

Hewlett Packard Enterprise Surges, Victoria's Secret Soars, Shake Shack Falls to 2023 Level on Cut 2Q

On this episode of Stock Movers: -Hewlett Packard Enterprise (HPE) shares surge. 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, which are significantly higher than analyst growth expectations. -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. -Shake Shack (SHAK) shares fall. 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.