Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Tesla (TSLA) beat Wall Street’s profit expectations to start the year as the automaker said demand for its electric vehicles is rebounding around the globe, hinting at a possible recovery for its long-struggling automotive business. The shares rose 4% at 4:48 p.m. after the close of regular trading in New York. The stock has declined 21% from a record high in mid-December.
- IBM (IBM) posted quarterly sales in its software unit that were in line with estimates, failing to shake investor concerns about AI disruption to its business. Software revenue increased 11% to $7.05 billion in the period ended March 31, the company said Wednesday in a statement. Total revenue increased 9% to $15.9 billion compared with analysts’ average estimate of $15.7 billion. The shares declined about 6% in extended trading after closing at $251.86 in New York. The stock has slipped 15% this year.
- Texas Instruments (TXN) the biggest producer of analog chips, gave a surprisingly strong forecast for the current period, helped by booming spending on data centers. Revenue will be $5 billion to $5.4 billion in the second quarter, the company said in a statement Wednesday. Analysts had estimated $4.85 billion on average, according to data compiled by Bloomberg. Profit will be $1.77 to $2.05 a share, compared with a projection of $1.57.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- GE Vernova (GEV) one of the world’s only makers of big natural-gas turbines, soared the most in intraday trading since mid-December after its electrification unit sold more grid equipment, including substations and transformers, to data center customers in the first quarter than all of last year. GE Vernova said in its earnings statement that first-quarter orders for electrification equipment to hyperscalers and data center developers rose to $2.4 billion, more than all of last year. The company’s stock rose as much as 15.2% on Wednesday.
- Cannabis-linked stocks like those in the Amplify Alternative Harvest ETF (MJ) rallied on reports from Axios that President Donald Trump is expected to move to reclassify marijuana soon.
- United Airlines (UAL) Chief Executive Officer Scott Kirby sidestepped questions about a potential merger with American Airlines Group Inc. while acknowledging that the current climate of high costs and struggling rivals might offer opportunities for deals. Kirby said in an interview with Bloomberg TV’s Lisa Abramowicz that his goal is to “create a truly global airline that all US citizens can be proud of,” though he declined to say if a transformational deal would be part of that plan. At the same time, he revealed that he’s considered some possibilities. United shares fell by about 6% in trading on Wednesday.
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On this episode of Stock Movers:
Boeing (BA) shares raises after the company reported lower-than-expected cash outflow of $1.45 billion as it delivered the most aircraft in the first quarter since 2019.
GE Vernova (GEV) shares surges after the company reported revenue for the first quarter that beat the average analyst estimate.
Capital One (COF) shares slightly higher after the company reported a first-quarter profit that missed Wall Street estimates and set aside more cash to cover soured loans.
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On this episode of Stock Movers:
United Airlines (UAL) shares falls after the company slashed its full-year profit forecast as higher fuel prices caused by war in the Middle East batter global carriers.
Deutsche Telekom AG (DTE GY) shares down after the company said its considering a full combination with its American arm T-Mobile US Inc., a move that would create a multinational telecom group and rank as the largest-ever public M&A deal.
Best Buy (BBY) shares sinks after the company Jason Bonfig, the company’s chief customer, product and fulfillment officer, to succeed Corie Barry as chief executive officer.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- T-Mobile (TMUS) is moving on news that Deutsche Telekom (DTEGY) is discussing a potential combination with its American arm, T-Mobile US. The move would create the world’s biggest phone company and set a record for public M&A. The companies have considered a closer tie-up on-and-off for years.
- Boeing (BA) is moving after it regained their delivery lead over Airbus. Boeing reported lower-than-expected cash outflow as it delivered the most aircraft in the first quarter since 2019, continuing its recovery with higher output. The cash burn in the three months was $1.45 billion, less than the $2.61 billion estimated by analysts.
- Alphabet (GOOG) shares are also on the move as its Google Cloud division unveiled the latest generation of its Tensor Processing Unit, or TPU, a homegrown chip that’s designed to make AI computing services faster and more efficient. The new lineup will come in two versions, the company said Wednesday at its Google Cloud Next event.
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