On this episode of Stock Movers:
- Microsoft (MSFT) shares are soaring in premarket after it reported better-than-expected growth in its cloud business, with its Azure cloud-computing unit posting a 39% rise in sales, handily beating the 34% analysts expected. Microsoft is set to become the second company to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street’s expectations.
- Meta (META) are higher this morning after Facebook’s parent company gave a strong revenue forecast and reported second-quarter results that beat analysts’ expectations. While it also raised its full-year forecast for capital expenditures, analysts said the company’s spending was justified by its growth.
- Ford (F) is lower after announcing an anticipated full-year net tariff impact of about $2 billion. Ford issued full-year guidance that is lower than its initial forecast over President Trump’s tariff policies. Analyst Tom Narayan said potential headwinds include the status of electric vehicle tax credits, softness in Europe, Ford’s warranty issue and liquidity.
- CVS (CVS) is getting a boost in the premarket after the company boosted its adjusted earnings-per-share guidance for the full year, following second-quarter results that also topped expectations.