Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Netflix (NFLX) shares tumble after the streaming company gave a second-quarter outlook that was weaker than expected. Company Co-Founder and Chairman Reed Hastings separately announced plans to not stand for reelection to the board at its annual meeting in June.
- Stellantis is teaming up with Microsoft (MSFT) to accelerate deployment of artificial intelligence software across its cars and operations to improve customer experience. Both companies will co-develop more than 100 AI tools for areas such as customer support and predictive maintenance, they said Thursday. They’ll give a Peugeot driver better recommendations for energy‑efficient driving in cities, for example. Stellantis will also deploy AI for increased protection against cyberattacks.
- Alcoa (AA) shares fall after the aluminum company says first-quarter earnings were hurt by higher costs and operational disruptions. JPMorgan notes that shipments were also hit by vessel constraints amid weather disruptions.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Alstom shares slid the most in over two years after the manufacturer withdrew financial guidance, with new Chief Executive Officer Martin Sion citing slow progress on key projects for railway rolling stock.
- A consortium including Bouygues Telecom, Iliad SA and Orange SA has entered exclusive negotiations to buy billionaire Patrick Drahi’s telecom company SFR.
- Ericsson AB earnings missed analysts’ forecasts in the first quarter, as the Swedish company struggled in a weak market for telecommunications equipment and rising chip costs, in part due to the artificial intelligence boom.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Alstom shares slid the most in over two years after the manufacturer withdrew financial guidance, with new Chief Executive Officer Martin Sion citing slow progress on key projects for railway rolling stock.
- Workspace Group shares tumbled after the company warned investors it faces a “substantial” profit squeeze due to higher costs and lower rents that will force the London-based flexible office landlord to cut its dividend.
- Uber Technologies is raising its holding in Delivery Hero SE, buying a stake from its European rival’s biggest shareholder for €270 million ($318 million).
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Netflix (NFLX) shares slid in postmarket trading on Thursday, after the streaming company forecast earnings per share for the second quarter that missed the average analyst estimate. Company Co-Founder and Chairman Reed Hastings separately announced plans to not stand for reelection to the board at their annual meeting in June.
- Charles Schwab Corp (SCHW) reported first-quarter revenue that slightly missed estimates even as the brokerage continued to attract the wealth of retail investors amid geopolitical uncertainty. First-quarter net revenue of $6.48 billion fell short of analyst expectations of $6.51 billion. Net interest margin, a key measure of profitability for Schwab’s bank, came in at 2.88% for the first three months of the year, while analysts had forecast 2.94%. Schwab shares slipped in Thursday trading, and are down 3.5% this year.
- PepsiCo (PEP) said it’s starting to see salty snack sales grow after the company cut prices earlier this year. The maker of Doritos and Lay’s said its strategy of slashing prices by up to 15% in some brands and reducing internal costs through layoffs and plant closures was starting to pay off. After years of declines, organic revenue in its North American foods division increased 1% and volume grew 2%, the company said in its first quarter earnings Thursday. Shares closed higher in Thursday trading.
See omnystudio.com/listener for privacy information.

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.
- Madison Air (MAIR) shares rose 18% after the company raised $2.23 billion in the biggest US listing of an industrial firm in close to three decades. Shares of the provider of ventilation and filtration systems closed at $31.75 on Thursday, compared to the initial public offering price of $27 each. The company sold 82.7 million shares after marketing them for $25 to $27 apiece. The trading gives the Chicago-based company a market value of about $15.5 billion based on the number of outstanding shares listed in its filings.
- PepsiCo (PEP) said it’s starting to see salty snack sales grow after the company cut prices earlier this year. The maker of Doritos and Lay’s said its strategy of slashing prices by up to 15% in some brands and reducing internal costs through layoffs and plant closures was starting to pay off. After years of declines, organic revenue in its North American foods division increased 1% and volume grew 2%, the company said in its first quarter earnings Thursday. Shares closed higher in trading on Thursday.
- Netflix (NFLX) shares plummeted despite reporting revenue that beat analysts estimates in the first quarter, buoyed by strong subscriber growth. But, afterhours shares fell. Reed Hastings will step down from the board of Netflix Inc. when his term ends at the annual meeting in June, ending a 29-year-run at the streaming pioneer he co-founded. Hastings, who presently serves as Netflix’s chairman, plans to focus on philanthropy and other pursuits, the company said Thursday as it reported first-quarter results.
See omnystudio.com/listener for privacy information.