Schneider Drops, AB Foods Falls, JD Sports

Salesforce Gains on Upgrade; General Mills Beats; Nike Falls on Outlook

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Shares of Salesforce (CRM) moved higher alongside fellow software companies ServiceNow (NOW) and Check Point Software Technologies (CHKP) after Guggenheim upgraded the trio from buy to neutral, saying fears that artificial intelligence poses a mortal threat to the sector are overdone. Software stocks have been broadly pressured this year, with investors fretting that offerings from AI-native companies like Anthropic PBC or OpenAI will ravage the sector’s long-term prospects. All three stocks have been among the hardest hit from the AI-induced selloff, with declines ranging from a drop of nearly 30% at Check Point to a decline of more than 40% for Salesforce, which fell for 14 straight days last month in its longest losing streak on record. - Shares of General Mills (GIS) posted their largest intraday gain since March 2020 after posting fourth-quarter profit that beat Wall Street expectations, lifted by higher prices. The Minneapolis-based company reported adjusted earnings per share of 95 cents, topping the average of analyst estimates. The Cheerios cereal maker also posted revenue above analysts’ expectations. General Mills had been working to win over shoppers with lower prices at a time when many are feeling pinched. Last quarter, the company faced sales declines after slashing prices across much of its portfolio, but said it has since stopped lowering prices. The company is also contending with consumers increasingly opting for less-processed options over many packaged foods. General Mills said it planned to seek $3 billion in cost savings by fiscal year 2030. - Shares of Nike (NKE) slumped Wednesday after executives gave a cautious outlook and warned about elevated consumer anxiety, adding to investor concerns about the sportswear company’s painfully slow turnaround. Nike expects a slowdown in the coming quarter compared to the current period, citing the timing of wholesale shipments in North America among other factors. Chief Executive Officer Elliott Hill has led Nike for almost two years and progress toward recapturing growth has dragged on, sparking frustration. Management faces ever-growing pressure to produce results, with the company’s stock down 36% this year through Tuesday’s close, putting the shares on track for a fifth consecutive annual decline. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Meta Deal; General Mills and Alcoa

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Meta (META) share are moving on news it is developing plans for a cloud infrastructure business to sell access to AI computing power and models, competing with industry leaders like Amazon Web Services, Microsoft Azure and Google Cloud. - General Mills (GIS) shares are moving after it posted fourth-quarter profit that beat Wall Street expectations, lifted by higher prices. - Alcoa (AA) shares are moving on news it agreed to buy South32 Ltd.’s bauxite, alumina and aluminum assets in a deal worth as much as $5.6 billion. The acquisition significantly expands Alcoa’s integrated aluminum business, strengthening its position as one of the world’s largest producers by adding assets across the entire value chain. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Nike Drops; Microsoft Ticks Higher; Bloom Energy Rallies

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Nike (NKE) shares are dropping after the sneaker company said on its conference call revenue expectations for the next two quarters are now seen down low-to-mid single digits from down low single digits earlier. The company also said its 4Q results were “in line” with its expectations, but that the operating environment is “increasingly challenging,” and with sell-through also remaining “challenged.” - Microsoft (MSFT) is ticking higher as it's set to announce more job cuts next week, citing a report from Business  Insider. - Bloom Energy (BE) are rising after the announcement the company expanded its partnership with Brookfield from $5 billion to $25 billion to help grow the fuel cell partnership globally. - Intuitive Machines (LUNR) shares are higher on news NASA selected Astrobotic, Firefly Aerospace and Intuitive Machines for four moon missions in late 2028 as part of the Moon Base Program. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Galderma Slumps, AB Foods Falls, CMC Markets Soars

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: * Galderma shares slumped the most in more than a year after the US Food and Drug Administration turned down the Swiss dermatology firm’s rival Botox treatment Relfydess. * Associated British Foods reported lower sales at its Primark budget fashion chain and a profit-hit at its sugar unit due to the war in Iran, as the conglomerate prepares to separate its clothing and food divisions. * CMC Markets shares soared 22% to a fresh record after the UK financial derivatives dealer raised its guidance for 2027 net operating income citing strong momentum. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Schneider Drops, AB Foods Falls, JD Sports

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: * Schneider Electric has announced a $3.1 billion all-cash deal to acquire Cognite Holding, expanding its industrial data and AI software business. Analysts say the acquisition multiple seems high, but flag that it only represents a bolt-on deal considering Schneider’s market capitalization of about €165 billion. * Associated British Foods reported lower sales at its Primark budget fashion chain and a profit-hit at its sugar unit due to the war in Iran, as the conglomerate prepares to separate its clothing and food divisions. * JD Sports struggles with a tough consumer environment, amidst growing pressure in the sportswear market.  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.