On this episode of Stock Movers:

- Jeans and apparel maker Levi Strauss (LEVI) reported better-than-expected revenue and earnings and raised its fiscal year guidance. For the fiscal first quarter ended March 1, the denim giant reported adjusted earnings of 42 cents a share, up from 38 cents a share in the year-ago first quarter, and revenue of $1.74 billion, up 14%. Levi's stock is down 5% year to date through Tuesday's close, but up nearly 59% over the past 12 months.

- A large fire at a Kimberly-Clark distribution center in Ontario, California, will add “uncertainty” and likely “disruptions” to the company’s operations, according to Piper Sandler analyst Michael Lavery. The stock fell 4.1% on Tuesday, the most since March 3, and was the worst performer in the S&P 1500 Household and Personal Products Index

- Broadcom shares rise 3.0% on Tuesday after the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units. The companies also confirmed plans to work with Anthropic to power the AI startup’s burgeoning operations. 

On this episode of Stock Movers: - Jeans and apparel maker Levi Strauss (LEVI) reported better-than-expected revenue and earnings and raised its fiscal year guidance. For the fiscal first quarter ended March 1, the denim giant reported adjusted earnings of 42 cents a share, up from 38 cents a share in the year-ago first quarter, and revenue of $1.74 billion, up 14%. Levi's stock is down 5% year to date through Tuesday's close, but up nearly 59% over the past 12 months. - A large fire at a Kimberly-Clark distribution center in Ontario, California, will add &ldquo;uncertainty&rdquo; and likely &ldquo;disruptions&rdquo; to the company&rsquo;s operations, according to Piper Sandler analyst Michael Lavery. The stock fell 4.1% on Tuesday, the most since March 3, and was the worst performer in the S&amp;P 1500 Household and Personal Products Index - Broadcom shares rise 3.0% on Tuesday after the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units. The companies also confirmed plans to work with Anthropic to power the AI startup&rsquo;s burgeoning operations.

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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

Broadcom Soars, Levi's Gains, Kimberly-Clark Slides on Distribution Center Fire

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/91f02aac-3289-4ff9-8bb4-b425015c73c6/transcript