Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- DoorDash (DASH) is gaining in the premarket after the company gave a forecast for order value in the current period that topped analyst estimates, signaling healthy consumer demand for its services.
- Arm Holdings (ARM) is lower after the chip company reported weak fourth-quarter royalty revenue, hurt by sluggishness in the smartphone industry. Daiwa’s analyst notes that there was weaker demand for lower-end phones due to the higher memory cost.
- Whirlpool (WHR) is also dropping after the household appliance manufacturer cut its revenue forecast for the full year, missing the average analyst estimate.
- Krispy Kreme (DNUT) is a tick higher in the premarket after it reported earnings that were broadly in line with estimates and tightened its debt reduction target, signaling its recovery plan is gaining traction.