On this episode of Stock Movers:
- Bank of America (BAC) shares are popping on the company reporting traders posted a record second quarter, reaping the benefits of volatile markets and net interest income topping analysts' estimates. Revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion, and equity trading rose 9.6% to $2.13 billion, both topping expectations.
- ASML (ASML) shares are lower after Chief Executive Officer Christophe Fouquet walked back the company’s growth forecast for next year, blaming trade disputes and global tensions. ASML forecast third-quarter net sales between €7.4 billion and €7.9 billion, which is below the average analyst estimate, and expects 15% revenue growth for the year.
- Lam Research (LRCX) is also lower on the ASML news amid a chip stock selloff. According to Bloomberg Intelligence analysts Masahiro Wakasugi and Takumi Okano, ASML faces a potential downward revision in consensus sales, but there’s a possibility it could report solid sales growth for the year.
- Johnson & Johnson (JNJ) shares are higher as J&J beat Wall Street’s quarterly sales expectations and raised its full-year outlook, showing confidence as the pharmaceutical industry faces threats of tariffs and a crackdown on drug pricing.

On this episode of Stock Movers: - Bank of America (BAC) shares are popping on the company reporting traders posted a record second quarter, reaping the benefits of volatile markets and net interest income topping analysts' estimates. Revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion, and equity trading rose 9.6% to $2.13 billion, both topping expectations. - ASML (ASML) shares are lower after Chief Executive Officer Christophe Fouquet walked back the company&rsquo;s growth forecast for next year, blaming trade disputes and global tensions. ASML forecast third-quarter net sales between &euro;7.4 billion and &euro;7.9 billion, which is below the average analyst estimate, and expects 15% revenue growth for the year. - Lam Research (LRCX) is also lower on the ASML news amid a chip stock selloff. According to Bloomberg Intelligence analysts Masahiro Wakasugi and Takumi Okano, ASML faces a potential downward revision in consensus sales, but there&rsquo;s a possibility it could report solid sales growth for the year. - Johnson &amp; Johnson (JNJ) shares are higher as J&amp;J beat Wall Street&rsquo;s quarterly sales expectations and raised its full-year outlook, showing confidence as the pharmaceutical industry faces threats of tariffs and a crackdown on drug pricing.

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Stock Movers

Bank of America Beat; Chip Stock Selloff; Johnson & Johnson and Tariffs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ae1a4d8d-f23f-4b5d-8991-b31c00b633fa/transcript

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