On this episode of Stock Movers:
- BNP Paribas said its trading unit suffered a hit from souring debt in 3Q, with loan-loss provisions rising to €905 million. 
- HSBC has raised its profit outlook for the year despite a decline in earnings, after taking a $1.1 billion hit over Bernie Madoff's fraud case more than a decade ago
- Novartis stocks declined as core operating profit climbed 6% in 3Q, the slowest quarterly growth in almost two years as sales of two of the company’s top sellers, the heart medicine Entresto and Cosentyx for autoimmune conditions, barely grew.

On this episode of Stock Movers: - BNP Paribas said its trading unit suffered a hit from souring debt in 3Q, with loan-loss provisions rising to &euro;905 million. - HSBC has raised its profit outlook for the year despite a decline in earnings, after taking a $1.1 billion hit over Bernie Madoff's fraud case more than a decade ago - Novartis stocks declined as core operating profit climbed 6% in 3Q, the slowest quarterly growth in almost two years as sales of two of the company&rsquo;s top sellers, the heart medicine Entresto and Cosentyx for autoimmune conditions, barely grew.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

BNP Paribas Falls, HSBC Gains, Novartis Down

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/921b8a68-cc44-41bc-a850-b3840095d268/transcript

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers: 

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Amer Sports (AS) said consumers prioritizing their health and looking for premium products are sustaining demand through an unfavorable economic climate. Amer Sports, home to the Arc’teryx, Salomon and Wilson brands, raised its full-year guidance after first-quarter results beat estimates. Shares rose as much as 8.2% in New York. 

- Cisco (CSCO) shares slipped after Chief Financial Officer Mark Patterson warned that the company would see “ups and downs” with its gross profit margin as it pushes further into AI infrastructure. The company’s move to supply hardware equipment to so-called hyperscalers — the largest data center operators — “comes at a different gross margin play,” he said during a JPMorgan Chase & Co. technology conference.

- Chewy (C) shares slipped in trading on Tuesday, hitting their lowest intraday level since May 2024, after the online pet retailer presented at the JPMorgan Technology, Media & Communications Conference. The company provided some cautious commentary during the event, saying that it’s seeing a more “stretched” consumer now than it did at the beginning of the year.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:&nbsp;
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
- Amer Sports (AS) said consumers prioritizing their health and looking for premium products are sustaining demand through an unfavorable economic climate. Amer Sports, home to the Arc&rsquo;teryx, Salomon and Wilson brands, raised its full-year guidance after first-quarter results beat estimates. Shares rose as much as 8.2% in New York.&nbsp;
- Cisco (CSCO) shares slipped after Chief Financial Officer Mark Patterson warned that the company would see &ldquo;ups and downs&rdquo; with its gross profit margin as it pushes further into AI infrastructure. The company&rsquo;s move to supply hardware equipment to so-called hyperscalers &mdash; the largest data center operators &mdash; &ldquo;comes at a different gross margin play,&rdquo; he said during a JPMorgan Chase &amp; Co. technology conference.
- Chewy (C) shares slipped in trading on Tuesday, hitting their lowest intraday level since May 2024, after the online pet retailer presented at the JPMorgan Technology, Media &amp; Communications Conference. The company provided some cautious commentary during the event, saying that it&rsquo;s seeing a more &ldquo;stretched&rdquo; consumer now than it did at the beginning of the year.

Closing Bell: Amer Sports Rises, Cisco Dips, Chewy Sinks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/92eeff93-d515-480d-95ef-b44f015470b3/transcript

Today's biggest winners and losers in the stock market, a look at the notable movers for the week:

On this episode of Stock Movers:
- Chewy (CHWY) shares are down as much as 8.8% on Tuesday, hitting their lowest intraday level since May 2024, after the online pet retailer presented at the JPMorgan Technology, Media & Communications Conference. The company provided some cautious commentary during the event, saying that it’s seeing a more “stretched” consumer now than it did at the beginning of the year.

- DoorDash (DASH) shares extend drop to as much as 4.9% after Business Insider X post that Walmart’s Spark service now includes delivering food from in-store restaurants like McDonald’s.

-Relay Therapeutics (RLAY) shares rise 13% in premarket trading after the drug developer gave initial clinical data from a mid-stage trial to treat vascular anomalies. TD Cowen calls the data “best case scenario.”

Today's biggest winners and losers in the stock market, a look at the notable movers for the week: On this episode of Stock Movers: - Chewy (CHWY) shares are down as much as 8.8% on Tuesday, hitting their lowest intraday level since May 2024, after the online pet retailer presented at the JPMorgan Technology, Media &amp; Communications Conference. The company provided some cautious commentary during the event, saying that it&rsquo;s seeing a more &ldquo;stretched&rdquo; consumer now than it did at the beginning of the year. - DoorDash (DASH) shares extend drop to as much as 4.9% after Business Insider X post that Walmart&rsquo;s Spark service now includes delivering food from in-store restaurants like McDonald&rsquo;s. -Relay Therapeutics (RLAY) shares rise 13% in premarket trading after the drug developer gave initial clinical data from a mid-stage trial to treat vascular anomalies. TD Cowen calls the data &ldquo;best case scenario.&rdquo;

Chewy Sinks, DoorDash Drops, Relay Therapeutics Rises

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f0ae830f-f640-4f22-a61f-b44f0141ebd7/transcript

On this episode of Stock Movers:
- Home Depot (HD) shares fall. Sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below analysts' estimates. Home Depot's business has been hit by elevated interest rates and high housing prices, leading Americans to take on smaller projects instead of extensive remodels.
- Amer Sports (AS) shares rise. Amer Sports Inc. said consumers prioritizing their health and looking for premium products are sustaining demand through an unfavorable economic climate. The company raised its full-year guidance after first-quarter results beat estimates, and now expects revenue to grow to a certain range in 2026.
- Hyperliquid Strategies (PURR) shares rise as the Securities and Exchange Commission is said to ready plans for trading crypto versions of stocks. The US SEC is expected to release its so-called innovation exemption for tokenized stocks as soon as this week, creating a new framework for betting on the fortunes of publicly traded companies, according to people familiar with the matter.

On this episode of Stock Movers: - Home Depot (HD) shares fall. Sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below analysts' estimates. Home Depot's business has been hit by elevated interest rates and high housing prices, leading Americans to take on smaller projects instead of extensive remodels. - Amer Sports (AS) shares rise. Amer Sports Inc. said consumers prioritizing their health and looking for premium products are sustaining demand through an unfavorable economic climate. The company raised its full-year guidance after first-quarter results beat estimates, and now expects revenue to grow to a certain range in 2026. - Hyperliquid Strategies (PURR) shares rise as the Securities and Exchange Commission is said to ready plans for trading crypto versions of stocks. The US SEC is expected to release its so-called innovation exemption for tokenized stocks as soon as this week, creating a new framework for betting on the fortunes of publicly traded companies, according to people familiar with the matter.

Home Depot Drops, Amer Sports Rises, Hyperliquid Strategies Up as SEC Plans for Trading Crypto Version of Stocks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e6b03bf0-ce3e-4e6f-afd7-b44f00fb6b35/transcript

BNP Paribas Falls, HSBC Gains, Novartis Down

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