On this episode of Stock Movers:

- NATO Secretary General Mark Rutte confirmed the alliance will seek to adopt a new defense spending target of 5% of GDP at a June summit, meeting a demand by US President Donald Trump that had originally seemed unrealistic.

- LVMH’s hold rating is reiterated at HSBC, which trims its price target to €525 from €575. The bank advises its clients to “curb your enthusiasm, one more time” as key luxury-sector markets remain under pressure.

-  HSBC has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to people familiar with the matter.

On this episode of Stock Movers:
- NATO Secretary General Mark Rutte confirmed the alliance will seek to adopt a new defense spending target of 5% of GDP at a June summit, meeting a demand by US President Donald Trump that had originally seemed unrealistic. - LVMH&rsquo;s hold rating is reiterated at HSBC, which trims its price target to &euro;525 from &euro;575. The bank advises its clients to &ldquo;curb your enthusiasm, one more time&rdquo; as key luxury-sector markets remain under pressure. - &nbsp;HSBC has culled more than two dozen analysts in recent days as Europe&rsquo;s largest lender deepens a restructuring of its investment banking businesses, according to people familiar with the matter.

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Stock Movers

Defense Stocks Strong, LVMH Cut, HSBC Cull  

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ed2a8e9c-a138-474e-9dcb-b2ea0088e4ce/transcript