Tesla Tumbles on Trump-Musk Feud, Lululemon Plunges, Planet Labs Up
On this episode of Stock Movers: - Tesla (TSLA) shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people.Trump on Thursday said he was “very disappointed” by the Tesla chief executive officer’s criticism of the president’s signature tax policy bill. Musk fired back in several social media posts, saying in one that “without me, Trump would have lost the election.” The president later floated terminating federal contracts and subsidies extended to Musk’s companies and said that he had asked the Tesla and SpaceX leader to leave his administration, which Musk said was a “lie.” Musk went a step further late in the day, saying he would decommission a SpaceX craft used by the US. - Lululemon (LULU) shares fell sharply after its latest earnings report highlighted the risk posed by new tariffs while exacerbating investor concerns about slowing growth.The company sees sales in the range of $2.54 billion to $2.56 billion for its fiscal second quarter, below the average analyst estimate. For the full year, Lululemon reduced its earnings per share outlook by about 2.5%. The company and its retail peers are trying to manage supply chains that have been upended by US President Donald Trump’s trade wars. Apparel and footwear production hubs in Asia including China and Vietnam face elevated tariff rates as the White House negotiates new trade deals. - Planet Labs (PL) shares skyrocketed as much as 55% - a record jump — after the company’s first-quarter revenue topped expectations. Citizens analyst said the satellite-data provider had a “stellar quarter” and the stock remains an opportunity for long-term capital appreciation.See omnystudio.com/listener for privacy information.
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5:24
Chewy Falls, Dollar Tree Rises, Planet Labs Jumps After Positive Revenue
On this episode of Stock Movers:-Chewy shares (CHWY) fall after Jefferies analyst Kaumil Gajrawala cut the recommendation on the online retailer of pet products to hold from buy, writing that valuation appears “primed” for a first-quarter beat and raise that’s unlikely to happen.-Dollar Tree shares (DLTR) are up after JPMorgan upgraded the discount retailer to overweight from neutral.-Planet Labs shares (PL) jump after first-quarter revenue beat estimates. Analysts at Citizens said the satellite data provider had a “stellar quarter” and the stock remains an opportunity for long-term capital appreciation.See omnystudio.com/listener for privacy information.
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3:30
Dollar Tree Gains, Kimberly Clark Drops, Brown Forman Falls After Earnings Miss
On this episode of Stock Movers:-Dollar Tree shares (DLTR) are up after JPMorgan upgraded the discount retailer to overweight from neutral.- Kimberly-Clark, (KMB) shares are down after selling a majority stake in its global Kleenex and tissue businesses outside of North America.It's forming a JV with Brazilian pulp supplier Suzano in a deal valued at $3.4 billionSuzano is the world largest pulp supplier and it will have a 51% majority stake and holds the option to buy Kimberly-Clark’s ownership interest at specified times and conditions-Brown Forman (TICKER BF/B) shares are down after Parent company of Jack Daniel's reported after the bell and 4Q EPS and sales missed estimates.See omnystudio.com/listener for privacy information.
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3:55
Victoria's Secret Release; Broadcom Soars; Citi Cuts
On this episode of Stock Movers:- Victoria's Secret (VSCO) shares moving this morning with the company set for a new date for their 1st quarter earnings release - next week June 11th. They had a big data breach in May. The information exposed in the incident included names, dates of birth, Social Security numbers, driver’s license numbers, state ID numbers, passport numbers, financial account information, digital signatures, medical information, health insurance information, biometric information, and mother’s maiden names.- Broadcom (AVGO) shares are higher, making it the 7th-most valuable company in the S&P 500 with a market value of $1.23 trillion, and its Thursday earnings report is expected to sustain the momentum. Investors are expecting strong earnings growth, with a focus on the revenue forecast and whether Broadcom has added new big cloud-computing customers, and an impressive showing could lead to another leg higher in the stock price.- Citi (C) is moving after cutting its technology employee workforce in China by about 3,500 as part of its global simplification efforts. Citigroup's wholly-owned local banking subsidiary Citibank (China) Co. will be unaffected, and the bank continues to invest in the unit to support corporate and institutional clients in the country.See omnystudio.com/listener for privacy information.
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3:52
Planet Labs' Profit Beat, Five Below Gains, Tariffs Hit PVH
On this episode of Stock Movers:- Planet Labs (LB) is higher this morning after reporting profit that beat expectations as Europe hikes defense spending in response to the United States pulling back from the continent. Earnings excluding some items were $1.2 million in its first quarter, according to a statement Wednesday, its second profitable quarter in a row and better than analysts’ average expectation of a $3 million loss.- Five Below (FIVE) is gaining in premarket trading after the discount stores company reported first-quarter results that beat expectations and guided for net sales in the second quarter that are above estimates.- PVH (PVH), the owner of Calvin Klein, is lower after cutting its full-year adjusted earnings per share guidance, and noted that the outlook reflects an estimated net negative impact in relation to tariffs placed on goods coming into the US. Negative impact from tariffs includes an “unmitigated impact of approximately $1.05 per share, and a partially offsetting impact of planned mitigation actions,” the company said in a statement.- Tesla (TSLA) continues to decline this morning after vehicle shipments from its China factory fell for an eighth straight month, as reported yesterday. Also weighing on the stock is the back and forth between owner Elon Musk and President Trump over the Congressional tax bill.- Land's End Inc. (LE) stock is on the rise this morning after affirming its 2025 adjusted EPS guidance from $0.48-$0.86 to $0.48-$0.86 as well as its 2025 year end outlook.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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