Stock Movers

On this episode of Stock Movers, we take a look at some of the week's biggest gainers and decliners:

-SanDisk (SNDK) ended the week higher. The digital storage company is extending its blistering rally as the top performing stock in the S&P 500 Index. The gains come as investors shift their bets from the biggest technology companies that are pledging billions of dollars in capital expenditures to build out artificial intelligence technology to the beneficiaries of that spending. The group includes memory storage makers as well as other stocks associated with AI infrastructure.

-Humana (HUM) shares dropped at the end of the week following a proposal from the Trump administration to limit federal payments to the plans, known as Medicare Advantage, next year. Some of the pullback in government support has been percolating for a long time, but there’s no sign things will turn around soon. As Trump increasingly faces criticism for Americans’ affordability challenges, he has begun targeting insurers. In December, he said insurance companies “are making so much money, and they have to make less, a lot less.”

-Deckers (DECK) ended the week higher after the owner of the Ugg and Hoka footwear brands raised its annual earnings and sales forecast, beating the average analyst estimate. Analysts note strength in the retailer’s direct-to-consumer (DTC) channels in the United States.
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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 Greifeld, Carol Massar and Tim Stenovec.

-Deckers (DECK) ended the day higher after the footwear company raised its net sales guidance and earnings per share outlook for the full fiscal year, beating the average analyst estimate.

-SanDisk (SNDK) shares rose extending a massive rally in the computer hardware and storage company after second-quarter revenue beat expectations. Raymond James analyst upgraded the stock to outperform from market perform.

-Unity Software (U) stocks fell on fears of possible artificial intelligence disruption after Google began to roll out Project Genie. Shares of San Francisco-based Unity sank as much as 28% — the worst one-day drop since 2022. Video game developers Take-Two Interactive Software and CD Projekt SA also saw their stock fall 9.3% and 8.0%, respectively, while online gaming platform Roblox Corp. dropped 15%.
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Today's biggest winners and losers in the stock market.
On this episode of stock movers:

-Apple (AAPL) shares are little changed after the tech giant delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins. Revenue will rise 13% to 16% in the second quarter, which runs through March, the company said Thursday during a conference call with analysts. That exceeded the 10% projected by Wall Street — showing that Apple can maintain momentum after an iPhone-fueled sales surge in the December quarter.

-Sandisk (SNDK) shares rally after the computer hardware and storage company’s second-quarter revenue beat expectations. The company said it sees adjusted earnings per share between $12 and $14 in the third quarter. Wall Street had expected $4.95 a share, spurring several analysts to raise their ratings and price targets for the stock, which is up roughly 160% to start the year and around $1,600% since it went public last February.

-Verizon (VZ) shares rise after the wireless provider reported its biggest gain in mobile phone subscribers since 2019 and announced plans to buy back as much as $25 billion in shares, signaling turnaround efforts under new Chief Executive Officer Dan Schulman are starting to bear fruit.
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On this episode of Stock Movers:
-Apple (AAPL) shares sink after the iPhone maker warned that rising component costs are threatening to squeeze margins. The company also posted its largest first-quarter sales growth in over four years, driven by strength in its closely-watched iPhone segment.
-Tesla (TSLA) shares rise after news that SpaceX is considering a potential merger with the company, as well as an alternative combination with artificial intelligence firm xAI.
-American Express (AXP) shares drop after the credit card company reported earnings per share for the fourth quarter that missed the average analyst estimate.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of of Stock Movers:
-Apple (AAPL) shares fall slightly after upbeat earnings. The tech giant delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins. Revenue will rise 13% to 16% in the second quarter, which runs through March, the company said Thursday during a conference call with analysts. That exceeded the 10% projected by Wall Street — showing that Apple can maintain momentum after an iPhone-fueled sales surge in the December quarter.
-Decker (DECK) shares after the owner of the Ugg and Hoka footwear brands raised its annual earnings and sales forecast, beating the average analyst estimate. Analysts note strength in the retailer’s direct-to-consumer (DTC) channels in the United States.
-American Express (AXP) shares drop after the company’s Platinum card refresh boosted expenses more than expected and profit fell short of analysts’ estimates.
Fourth-quarter expenses of $14.5 billion were 10% higher than a year earlier and missed the $14.2 billion estimate. Amex last year announced a refresh of its popular Platinum card that included a raft of new perks, including $400 a year of dining credits at Resy restaurants.
See omnystudio.com/listener for privacy information.