Dollar Tree Raises Profit Outlook; American Eagle Soars; Marvell Technology Rallies
On this episode of Stock Movers:- Shares of Dollar Tree (DLTR) moved higher in premarket trading after the company reported better-than-expected profit and raised its full-year earnings outlook, a sign the discount retailer is capturing more spending from stretched shoppers. Adjusted diluted earnings per share rose to $1.21 last quarter, higher than analysts expected, as same-store sales grew 4.2%, Dollar Tree said in a statement. The results indicate that Dollar Tree’s low-price model — 85% of its products cost $2 or less — is resonating as strained consumers prioritize essentials and purchase fewer discretionary items.- Shares of American Eagle Outfitters (AEO) rallied ahead of the US market open after the company posted third-quarter results that outpaced expectations and raised its outlook as the apparel chain pivots quickly from weakness earlier this year. Comparable sales are expected to rise in the low single digits for the full fiscal year, the company said in a statement, up from its previous view that they’d be flat. Revenue and earnings per share for the third quarter also surpassed the average of analyst estimates. - Shares of Marvell Technology (MRVL) rallied in the early session after the chipmaker said during its conference call that it expects data center revenue to grow by more than 25% next fiscal year. The company also announced plans to acquire startup Celestial AI for about $3.25 billion. On a post-earnings conference call with analysts, Marvell said it’s now more bullish about revenue growth next year and predicted that custom chip sales will increase 20%. Large customers have renewed orders, and Marvell said there won’t be a repeat of previous “air pockets,” when sales in that unit have declined.See omnystudio.com/listener for privacy information.
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HSBC Down, Sainsbury's Dips, Inditex Soars
On this episode of Stock Movers:- HSBC unexpectedly appointed Brendan Nelson as its next chair, choosing an insider to replace hard-charging financier Mark Tucker who has led Europe’s largest lender for much of the last decade.- Qatar’s sovereign wealth fund sold a stake worth about £266 million ($352 million) in J Sainsbury Plc, bringing an end to its near two-decade run as the largest shareholder in the supermarket.- Inditex sales accelerated in November, the Zara owner highlighting its resilience in the face of weakening consumer sentiment that’s hitting many of its peers.See omnystudio.com/listener for privacy information.
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Inditex Gains, Stellantis Rises, Smiths Up
On this episode of Stock Movers: - Inditex sales accelerated in November, the Zara owner highlighting its resilience in the face of weakening consumer sentiment that’s hitting many of its peers. Shares soared.- Stellantis gains as much as 8.4% after UBS analyst Patrick Hummel raised his recommendation on the carmaker to buy from neutral and following a report that the White House will announce new fuel efficiency standards for automobiles. - Smiths Group agreed to sell its unit that makes airport security scanners to private equity firm CVC Capital Partners at an enterprise valuation of £2 billion ($2.7 billion).See omnystudio.com/listener for privacy information.
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Boeing Jumps, American Bitcoin Plunges, Marvell Technology to Acquire Celestial AI
On this episode of Stock Movers:- Boeing (BA) shares advanced as much as 9.2% after Malave’s comments, which provided the first detailed look at the planemaker’s cash projections for 2026. The company expects to generate cash again in 2026, with positive free cash flow to reach the “low-single digits” billions of dollars. They still expect to eventually reach the $10 billion cash-generation target outlined by the previous management team, according to Boeing Chief Financial Officer Jay Malave.- Shares in Eric Trump’s crypto mining business lost more than half their value in less than 30 minutes on Tuesday. The nosedive of American Bitcoin Corp, (ABTC)which triggered repeated trading halts, followed the steep decline of many cryptocurrencies and crypto-linked companies into what some observers are calling the onset of a “crypto winter”. Bitcoin’s value has fallen sharply since the start of October and erased a year of large gains.- Marvell Technology (MRVL) announced plans to acquire startup Celestial AI for about $3.25 billion, part of a push to capture more of the spending on artificial intelligence computing. The payment will include $1 billion in cash and Marvell shares valued at $2.25 billion, with the possibility of additional Marvell shares if Celestial AI hits certain revenue targets.See omnystudio.com/listener for privacy information.
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Closing Bell: Boeing Soars, Shopify Rises, American Bitcoin Corp Falls
On this episode of Stock Movers:- Boeing (BA) expects to generate cash again in 2026, a significant reversal in the planemaker’s finances as it prepares to boost monthly production rates of its passenger aircraft. The US company expects positive free cash flow to reach the “low-single digits” billions of dollars next year, reversing the $2 billion cash burn seen for 2025, said Boeing Chief Financial Officer Jay Malave, in his first solo presentation at an investor conference since taking over the post in August. The assurances propelled Boeing’s shares, with the stock closing up over 10%, the most since April.- Shopify (SHOP) shares rallied as traders embraced the platform after a strong weekend for shoppers following Thanksgiving. Shopify merchants achieved record sales of $14.6 billion during the Black Friday-Cyber Monday weekend, representing a 27% increase from last year. - American Bitcoin Corp (ABTC) shares fall as much as 50% on Tuesday as the Bitcoin miner, which counts Eric Trump as a co-founder and chief strategy officer, continues to hurt due to the recent slide in Bitcoin prices. American Bitcoin shares have fallen over 60% from their peak in September through Monday, as Bitcoin has declined around 30% from its October record high.See omnystudio.com/listener for privacy information.
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