On the edition of Stock Movers:- Wynn Resorts (WYNN) was among the week's biggest movers. It rose this week after UBS raised its recommendation to buy from neutral, citing growing appreciation for its Al Marjan project. - eBay (EBAY) shares fell this week as Wall Street anticipated the end of the de minimis tariff exemption. De minimis, a US trade provision dating to the 1930s, which eventually cleared the way for more than a billion small parcels each year, ended Friday. While winners and losers are emerging, the extra time, paperwork and money are gumming up the gears of global e-commerce and adding a fresh layer of confusion in President Donald Trump’s reordering of international trade. The value of goods subject to the “de minimis” tariff exemption — from Latin meaning “too small to matter” — has been $800 since 2016, very generous by global standards. The number of small packages entering the US duty-free exploded to nearly 1.4 billion last year, a 600% increase over the prior decade, according to US Customs and Border Protection. An estimated three-quarters or more came from China, with a big share from SheIn Group and Temu. - Nvidia (NVDA) was one of Wall Street's biggest stories this week. The the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion.See omnystudio.com/listener for privacy information.
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Kraft Heinz Could Split, Dell Slides, Caterpillar Lower
On this episode of Stock Movers:- Kraft Heinz (KHC) shares rose after the Wall Street Journal reported it could be announcing a breakup as soon as next week. - Dell (DELL) shares declined after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins on the powerful machines that fell short of analysts’ estimates. The need for computing to run AI tools has led to a sales boom for makers of high-powered servers like Dell, Super Micro Computer Inc. and Hewlett Packard Enterprise Co. Investors have been concerned about the profitability of AI servers, however, which depend on expensive processors from companies such as Nvidia and Advanced Micro Devices. - Caterpillar (CAT) shares sunk after it warned investors it now expects tariffs to have an even greater impact on its business, costing as much as near $2 billion this year. The company is one of the world’s biggest makers of machinery for mining and construction. Tariffs already took a bite out of Caterpillar’s second-quarter results, with costs coming in at the top end of its estimated range disclosed in April.See omnystudio.com/listener for privacy information.
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Alibaba Rises, Caterpillar Falls, Dell Sinks on Tariff Concerns
On this episode of Stock Movers: Alibaba ADRs (BABA) rose after the Chinese e-commerce giant reported a surge in revenue from China’s AI boom, helping offset a surprise drop in profit. Caterpillar (CAT) shares fell after the industrial giant warned that it faces a larger-than-anticipated tariff headwind of as much as $1.8 billion this year. Dell Technologies (DELL) shares down after the computer hardware and server company reported results that showed weakness in margins.See omnystudio.com/listener for privacy information.
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Dell Sinks, Caterpillar Falls, Ulta Tumbles on Cooling Consumer Spending
On this episode of Stock Movers:- Dell (DELL) shares fell after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates.- Caterpillar (CAT) shares sink after the company warned investors that tariffs are now expected to have an even greater impact on its business, costing it as much as $1.8 billion this year.- Ulta (ULTA) shares fell after the company warned of a potential pullback by consumers. This offset the company’s move to boost its comparable sales forecast for the full year.See omnystudio.com/listener for privacy information.
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Autodesk Soars; Dell and Caterpillar Move to Downside; Affirm Rallies
On this episode of Stock Movers:- Autodesk (ADSK) is soaring after the software company reported second-quarter results that beat expectations and raised its full-year forecast on key metrics. Citi's research team wrote "this was “one of the strongest revenue/billings beat in years,” and reflects “signs of reaccelerating growth and faster profitability expansion.”- Dell Technologies (DELL) is lower despite beating estimates after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates. Dell booked $5.6 billion of AI server orders in the fiscal second quarter, which ended Aug. 1, down from $12.1 billion in the previous period, and the operating margin in Dell’s infrastructure unit was 8.8%, lower than analysts’ estimates of 10.3%.- Caterpillar (CAT) is lower after the industrial giant warned that it faces a larger-than-previously-anticipated tariff headwind. It now expects additional clarifications and tariffs announced since its second-quarter earnings release will have a net impact of about $500m to $600m for the third quarter, and about $1.5b to $1.8b for 2025.- Affirm (AFRM) shares are rallying after the financial technology company reported fourth-quarter results that beat expectations and gave an outlook that is seen as strong.See omnystudio.com/listener for privacy information.
Stock Movers features five-minute conversations on today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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