Finance
Stocks making the biggest moves premarket: PINS, MTCH, AMD
Published
9 months agoon

Check out the companies making headlines before the bell: DuPont — Shares popped 5% on the back of better-than-expected results in the second quarter. The chemical maker earned 97 cents per share, excluding certain items, on revenue of $3.17 billion. Analysts expected a profit of 85 cents per share on revenue of $3.05 billion, according to LSEG. DuPont also raised its full-year earnings and revenue guidance. Intel — Shares rose more than 2% after a Bloomberg article reported that the semiconductor manufacturer is planning to announce thousands of job cuts as early as this week. Microsoft — Microsoft slipped 3% after the Xbox maker reported disappointing cloud computing results . The company posted stronger-than-expected earnings and revenue, but revenue for Azure and other cloud services grew 29%, falling short of a 31% estimate. Advanced Micro Devices — Shares popped nearly 9% after the chipmaker’s earnings and revenue beat analysts’ estimates postmarket Tuesday. AMD reported adjusted earnings of 69 cents per share versus 68 cents expected from analysts polled by LSEG. Revenue was $5.84 billion, topping the $5.72 billion consensus estimate. Shares of Nvidia and ASML Holding also jumped about 7% each on the back of AMD’s report. Arista Networks — The computer networking company advanced 5% after beating Wall Street expectations on both its top and bottom lines. Arista reported second-quarter adjusted earnings of $2.10 per share on revenue of $1.69 billion, exceeding the $1.95 per share on $1.65 billion in revenue that analysts polled by LSEG were expecting. Pinterest — The social media stock slumped 11% after forward guidance trailed estimates. The company provided third-quarter revenue guidance of between $885 million to $900 million, below the $908.6 million consensus estimate analysts polled by FactSet were expecting. Second-quarter earnings and revenue topped expectations, however, according to LSEG. Starbucks — The coffee chain rose 4% after maintaining its full-year outlook. Net sales dropped in the fiscal third quarter, however, totaling $9.11 billion, below analysts’ estimate of $9.24 billion, according to those surveyed by LSEG. Starbucks reported adjusted earnings of 93 cents per share, matching the Street consensus. Skyworks Solutions — The semiconductor stock dipped 1% after fiscal third-quarter adjusted earnings of $1.21 per share failed to top expectations. Revenue of $906 million, however, exceeded the FactSet consensus of $900.4 million. Upstart — The lending platform advanced 6% following a double upgrade to outperform from underperform at Mizuho. Analyst Dan Dolev believes the stock could rally 19% from Tuesday’s close, citing an improving risk profile among borrowers and lower interest rates as forthcoming catalysts. Boeing — Shares rose 2% after the maker of the 737 Max announced a new CEO . Boeing said former Collins Aerospace CEO Kelly Ortberg will replace Dave Calhoun. In the second quarter, however, Boeing lost $2.90 per share , wider than the loss of $1.97 per share expected by the analyst consensus, according to LSEG. Live Nation Entertainment — The entertainment stock was little changed after posting second-quarter revenue that matched expectations. Earnings per share of $1.03 fell short of the $1.07 estimated by analysts polled by LSEG. AutoNation — The car dealership was little changed after reporting second-quarter revenue of $6.48 billion, lower than the $6.72 billion that analysts polled by LSEG expected, while its earnings were likely not comparable due to a recent cyber incident in its dealer management system. Humana — The health insurer dropped more than 7% as lackluster earnings guidance overshadowed better-than-expected second-quarter results. Humana reiterated its full-year bottom-line forecast of about $16 per share. Analysts polled by StreetAccount, however, had penciled in $16.34 per share. Second-quarter earnings of $6.96 per share, excluding items, and revenue of $29.38 billion topped analysts’ expectations. Kraft Heinz — Shares of the ketchup and mac and cheese maker gained less than 1% after reporting second-quarter earnings topped Street estimates. But revenue of $6.48 billion was below the $6.55 billion analysts had expected, according to FactSet. Marriott International — The hotel chain slipped 4% after posting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by analysts polled by FactSet. Marriott’s adjusted earnings of $2.50 per share topped the $2.47 analysts had forecast. T-Mobile — Shares advanced 3.2% before the opening bell after the mobile network operator surpassed estimates on the top and bottom lines in the second quarter. T-Mobile notched earnings of $2.49 per share on revenue of $19.77 billion, while analysts polled by LSEG forecast $2.28 in earnings per share and $19.55 billion in revenue. The company also raised its full-year customer addition forecast. Match Group — The owner of the Tinder dating app surged 9% after posting $864 million in second-quarter revenue postmarket Tuesday, above analysts’ estimate of $856.5 million, according to FactSet. Match said it plans to abandon live-streaming services in its dating apps and sunset Hyperconnect’s Hakuna app. Vistra — Vistra shares popped 13% after the Texas-based power company received a 20-year license extension from the Nuclear Regulatory Commission to operate its Comanche Peak Nuclear Power Plant. The extension allows Vistra to operate the plant through 2053. Constellation Energy — Shares rose nearly 12% after the mid-Atlantic grid operator PJM cleared 17.6 gigawatts of power capacity from Constellation in 2025 to 2026. Constellation operates the largest nuclear fleet in the U.S., and its stock is up 44% this year on rising power demand from artificial intelligence providers and data centers. Bunge — Shares slipped 6.5% after the food company’s net income plunged 88% to $70 million in the second quarter, compared to $622 million in the same period a year ago. CEO Greg Heckman said “current market conditions have improved in some regions, but we continue to have limited visibility into the latter part of the year.” — CNBC’s Brian Evans, Michelle Fox, Fred Imbert, Spencer Kimball, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting.
You may like
Finance
These are 3 big things we’re watching in the stock market this week
Published
10 hours agoon
April 27, 2025
A security guard works outside the New York Stock Exchange (NYSE) before the Federal Reserve announcement in New York City, U.S., September 18, 2024.
Andrew Kelly | Reuters
The stock market bounce last week showed once again just how dependent Wall Street has become on the whims of the White House.

U.S. brands are rapidly losing their appeal in China as locals increasingly prefer competitive homegrown players, especially as economic growth slows, according to a TD Cowen survey released Thursday. While overall preference for Western brands dropped to 9%, down from 14% last year, certain American companies face higher risks than others, the report said, citing in-person interviews of 2,000 consumers with varied income levels in larger Chinese cities. TD Cowen partnered with an unnamed Beijing-based advisory firm to conduct the survey in February 2025, following a similar study in May 2024. The analysts see Apple ranking among the better-positioned brands in China. But they warned that several other American companies face high regional risks despite management optimism. China’s top leaders on Friday acknowledged the growing effect of trade tensions, and pledged targeted measures for struggling businesses. The official readout stopped short of a full-on stimulus announcement. “This year’s survey was conducted before the US-China trade war intensified, though threats were on the horizon,” the TD Cowen analysts said. “Add this factor to the equation, and it’s easy to see why uncertainty will remain elevated and households are likely to remain cautious going forward.” The survey found income expectations declined, with the share of respondents expecting a decline in pay over the next 12 months rising to 10% from 6%. In particular, Chinese consumers plan to spend less on a beauty items over the next six months, the survey showed, while increasing their preference for Chinese brands. U.S. cosmetics giant Estée Lauder retained first place in terms of highest awareness among Western beauty brands in China, but preference among consumers dropped to 19.6% of respondents, down from 24.3% last year. That contrasted with increases in respondents expressing a preference for the second and third market players Lancome and Chanel, respectively. In the quarter that ended Dec. 31, Estée Lauder said its Asia Pacific net sales fell 11%, due partly to “subdued consumer sentiment in mainland China, Korea and Hong Kong.” Asia Pacific accounted for 32% of overall sales in the quarter. In the lucrative sportswear category, Nike “lost meaningful preference in every category” versus last year, while local competitors Li-Ning and Anta saw gains, the survey found. TD Cowen’s analysis showed that among U.S. sportswear brands facing the most earnings risk relative to consensus expectations, Nike has the highest China sales exposure at 15%. “The China market is one characterized as a growth opportunity for sport according to Nike management in its recent fiscal Q3:25 earnings call in March 2025,” the analysts said, “but that the macro offers an increasingly challenging operating environment.” It’s not necessarily about slower growth or nationalism. While the survey found a 4-percentage-point drop in preference for foreign apparel and footwear brands, it also showed a 3-percentage-point increase in the inclination to buy the “best” product regardless of origin. “The implied perception here is that Western brands are offering less in the way of best product or value,” the TD Cowen analysts said. Starbucks similarly is running into fierce local competition while trying to maintain prices one-third or more above that of competitor Luckin Coffee, the report said. The survey found that the U.S. coffee giant “lags peers in terms of value and quality perception improvement.” Other coffee brands such as Manner, Tim’s, Cotti, %Arabica and M Stand have also expanded recently in China. Starbucks’ same-store sales in China fell 6% year on year in the quarter that ended Dec. 29, bringing the region’s share of total revenue to just under 8%. More worrisome is that a highly anticipated coffee boom in China may not materialize. “We note daily and weekly frequency of purchase among coffee drinkers are decreasing, suggesting the coffee habit seen in the U.S. is not taking hold in China,” the analysts said. They noted a new ownership structure for Starbucks‘ China business would be positive for the stock given the lack of near-term catalysts. TD Cowen rates Starbucks a buy, but has hold ratings on Nike and Estée Lauder.
Finance
Apple iPhone assembly in India won’t cushion China tariffs: Moffett
Published
1 day agoon
April 26, 2025

Leading analyst Craig Moffett suggests any plans to move U.S. iPhone assembly to India is unrealistic.
Moffett, ranked as a top analyst multiple times by Institutional Investor, sent a memo to clients on Friday after the Financial Times reported Apple was aiming to shift production toward India from China by the end of next year.
He’s questioning how a move could bring down costs tied to tariffs because the iPhone components would still be made in China.
“You have a tremendous menu of problems created by tariffs, and moving to India doesn’t solve all the problems. Now granted, it helps to some degree,” the MoffettNathanson partner and senior managing director told CNBC’s “Fast Money” on Friday. “I would question how that’s going to work.”
Moffett contends it’s not so easy to diversify to India — telling clients Apple’s supply chain would still be anchored in China and would likely face resistance.
“The bottom line is a global trade war is a two-front battle, impacting costs and sales. Moving assembly to India might (and we emphasize might) help with the former. The latter may ultimately be the bigger issue,” he wrote to clients.
Moffett cut his Apple price target on Monday to $141 from $184 a share. It implies a 33% drop from Friday’s close. The price target is also the Street low, according to FactSet.
“I don’t think of myself as the biggest Apple bear,” he said. “I think quite highly of Apple. My concern about Apple has been the valuation more than the company.”
Moffett has had a “sell” rating on Apple since Jan. 7. Since then, the company’s shares are down about 14%.
“None of this is because Apple is a bad company. They still have a great balance sheet [and] a great consumer franchise,” he said. “It’s just the reality of there are no good answers when you are a product company, and your products are going to be significantly tariffed, and you’re heading into a market that is likely to have at least some deceleration in consumer demand because of the macro economy.”
Moffett notes Apple also isn’t getting help from its carriers to cushion the blow of tariffs.
“You also have the demand destruction that’s created by potentially higher prices. Remember, you had AT&T, Verizon and T. Mobile all this week come out and say we’re not going to underwrite the additional cost of tariff [on] handsets,” he added. “The consumer is going to have to pay for that. So, you’re going to have some demand destruction that’s going to show up in even longer holding periods and slower upgrade rates — all of which probably trims estimates next year’s consensus.”
According to Moffett, the backlash against Apple in China over U.S. tariffs will also hurt iPhone sales.
“It’s a very real problem,” Moffett said. “Volumes are really going to the Huaweis and the Vivos and the local competitors in China rather than to Apple.”
Apple stock is coming off a winning week — up more than 6%. It comes ahead of the iPhone maker’s quarterly earnings report due next Thursday after the market close.
To get more personalized investment strategies, join us for our next “Fast Money” Live event on Thursday, June 5, at the Nasdaq in Times Square.

Water sommeliers say the simplest drink is the future of luxury

These are 3 big things we’re watching in the stock market this week

As Real ID deadline approaches, there are ‘workarounds,’ experts say

New 2023 K-1 instructions stir the CAMT pot for partnerships and corporations

The Essential Practice of Bank and Credit Card Statement Reconciliation

Are American progressives making themselves sad?
Trending
-
Economics1 week ago
‘He should bring them down’
-
Blog Post1 week ago
Documenting Bookkeeping Processes and Procedures
-
Economics1 week ago
Trump’s approval rating on economy at lowest of presidential career
-
Economics1 week ago
Donald Trump wants a certain kind of immigrant: the uber-rich
-
Economics1 week ago
Trump tariffs could cause summer economic slump: Chicago Fed president
-
Economics1 week ago
Checks and Balance newsletter: The Democrats’ future is up for grabs
-
Personal Finance5 days ago
Consumers are making different financial choices in response to tariffs
-
Personal Finance1 week ago
Experts see higher stagflation risks. Here’s what it means for your money