On this episode of Stock Movers:
- Cisco (CSCO) shares jump. The company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which is higher than analysts estimated sales of $15.8 billion.
- Legence (LGN) shares drop. The engineering firm raised its guidance for full-year revenue and adjusted Ebitda to a range above the average estimate. Those metrics also beat estimates in the first quarter. Shares of the company were already up 257% from its September IPO through Wednesday trading.
- Bullish (BLSH) shares fall. The crypto firm reported a first-quarter net loss per share that widened year-over-year as digital asset sales fell.

On this episode of Stock Movers: - Cisco (CSCO) shares jump. The company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which is higher than analysts estimated sales of $15.8 billion. - Legence (LGN) shares drop. The engineering firm raised its guidance for full-year revenue and adjusted Ebitda to a range above the average estimate. Those metrics also beat estimates in the first quarter. Shares of the company were already up 257% from its September IPO through Wednesday trading. - Bullish (BLSH) shares fall. The crypto firm reported a first-quarter net loss per share that widened year-over-year as digital asset sales fell.

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

Cisco Jumps, Legence Drops, Bullish Falls on First Quarter Net Loss

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/99fbe038-331d-4634-aa05-b44a00eddcc2/transcript

Earnings are in focus with Oracle, Adobe, and Lennar reporting in the coming days.
Bloomberg's Nathan Hager previews the numbers with Vildana Hajric, Bloomberg Cross Asset Reporter.

Earnings are in focus with Oracle, Adobe, and Lennar reporting in the coming days. Bloomberg's Nathan Hager previews the numbers with Vildana Hajric, Bloomberg Cross Asset Reporter.

Week Ahead: Oracle, Adobe, and Lennar 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3c3acf62-c7fa-418f-a51c-b46001388651/transcript

On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners:

- Broadcom (AVGO) shares plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors. The outlook spooked investors, triggering a rotation out of AI-related tech stocks which led to a broader market selloff on Friday. The concerted slide in stocks, bonds and crypto was the biggest setback in months for the latest leg of the bull market, which traces to the end of March when negotiations began in earnest to end war in Iran. Concern has grown recently about the sustainability of an AI-fueled rally that had pushed the Philadelphia Semiconductor Index toward its best quarter ever.

- Coinbase (COIN) shares fell on Friday trading after Baird named the crypto exchange a new bearish pick due to weak trading volumes. Analyst David Koning sees lower trading volumes and the US crypto market legislation likely not passing until after mid-term elections weighing on Coinbase’s valuation.

- Humana (HUM) shares advanced in trading this week, after Morgan Stanley increased its price target on the managed care firm to $249 from $217. The health-care sector broadly climbed on Thursday, in contrast to the tech stock decline.

On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners:
- Broadcom (AVGO) shares plunged by the most in more than 16 months after the company&rsquo;s forecast for sales of its artificial intelligence chips disappointed investors. The outlook spooked investors, triggering a rotation out of AI-related tech stocks which led to a broader market selloff on Friday. The concerted slide in stocks, bonds and crypto was the biggest setback in months for the latest leg of the bull market, which traces to the end of March when negotiations began in earnest to end war in Iran. Concern has grown recently about the sustainability of an AI-fueled rally that had pushed the Philadelphia Semiconductor Index toward its best quarter ever.
- Coinbase (COIN) shares fell on Friday trading after Baird named the crypto exchange a new bearish pick due to weak trading volumes. Analyst David Koning sees lower trading volumes and the US crypto market legislation likely not passing until after mid-term elections weighing on Coinbase&rsquo;s valuation.
- Humana (HUM) shares advanced in trading this week, after Morgan Stanley increased its price target on the managed care firm to $249 from $217. The health-care sector broadly climbed on Thursday, in contrast to the tech stock decline.

Weekly Roundup: Broadcom Sparks Tech Selloff, Coinbase Slips, Humana Advances 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/39e58fad-cd7c-4be2-9033-b460016273ee/transcript

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.

- Chipotle (CMG) shares traded higher against a broader market selloff after JPMorgan upgrades to overweight from neutral citing a “rare valuation opportunity” for the stock. 

- AI-related tech stocks led a steep decline in equities on Friday. Broadcom's (AVGO) disappointing AI outlook triggered the selloff, with companies like Meta (META), Micron (MU), Arm (ARM) and Marvell (MRVL) seeing some of the biggest slides.

- Lululemon (LULU) shares tumbled to their lowest level in eight years after the upscale yogawear company cut its annual forecast due to deteriorating performance in North America. The shares fell as much as 12% when markets opened Friday in New York, touching their lowest level since May 2018. The stock has now declined more than 40% since the start of the year, making it one of the worst performers in the S&P 500 Index over the period.

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.
- Chipotle (CMG) shares traded higher against a broader market selloff after JPMorgan upgrades to overweight from neutral citing a &ldquo;rare valuation opportunity&rdquo; for the stock.&nbsp;
- AI-related tech stocks led a steep decline in equities on Friday. Broadcom's (AVGO) disappointing AI outlook triggered the selloff, with companies like Meta (META), Micron (MU), Arm (ARM) and Marvell (MRVL) seeing some of the biggest slides.
- Lululemon (LULU) shares tumbled to their lowest level in eight years after the upscale yogawear company cut its annual forecast due to deteriorating performance in North America. The shares fell as much as 12% when markets opened Friday in New York, touching their lowest level since May 2018. The stock has now declined more than 40% since the start of the year, making it one of the worst performers in the S&amp;P 500 Index over the period.

Closing Bell: Chipotle Rises, Tech Stocks Lead Selloff, Lululemon Sinks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/559ff12e-a9bd-4d0f-9c04-b460014fd451/transcript

Cisco Jumps, Legence Drops, Bullish Falls on First Quarter Net Loss

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