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Cooper Sinks, Freeport-McMoRan Drops, Oracle Struggles With Debt

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On this episode of Stock Movers:

- Cooper (COO) shares tumble as much as 20%, most intraday since 2008, after the healthcare supplies maker cut its adjusted earnings-per-share and revenue guidance for the full year. Analysts note weakness in the firm’s CooperVision (CVI) unit weighing on its sales forecast. 

- Freeport-McMoRan (FCX) shares fall as the White House still needs to decide on copper tariffs.

- Oracle (ORCL) shares are struggling due to the company's massive debt load taken on to build out artificial intelligence infrastructure. The company's earnings report will give Wall Street an indication of how much patience investors have left for such heavy AI spending, with a focus on spending plans and cash flow. Oracle's capital expenditures are expected to be nearly $20 billion in the quarter, driving free cash flow to about negative $10 billion, among the lowest readings in the company's history.

 
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