On this episode of Stock Movers:
- General Mills (GIS) shares rise 1.6% after the food company’s second-quarter results beat Street expectations. A highlight of the report was positive volume growth in the North America Retail segment. The company maintained its annual guidance ranges, despite the beat, given persistent consumer pressures. 
- Oracle (ORCL) shares are down 5.3% on Wednesday, after the Financial Times reported that Blue Owl Capital will not back a $10 billion deal for the software giant’s next data center. Subsequently, an Oracle spokesperson said that Blue Owl is out of the data center deal, but that it remains on schedule. 
- Canaccord downgraded Udemy (UDMY) to Hold from Buy with a $7 price target after the company announced a merger with Coursera

On this episode of Stock Movers: - General Mills (GIS) shares rise 1.6% after the food company&rsquo;s second-quarter results beat Street expectations. A highlight of the report was positive volume growth in the North America Retail segment. The company maintained its annual guidance ranges, despite the beat, given persistent consumer pressures. - Oracle (ORCL) shares are down 5.3% on Wednesday, after the Financial Times reported that Blue Owl Capital will not back a $10 billion deal for the software giant&rsquo;s next data center. Subsequently, an Oracle spokesperson said that Blue Owl is out of the data center deal, but that it remains on schedule. - Canaccord downgraded Udemy (UDMY) to Hold from Buy with a $7 price target after the company announced a merger with Coursera

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

General Mills Rises, Oracle Falls, Udemy Downgraded

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/56a8b4a4-bcf8-4cf8-9086-b3b6017a2f89/transcript

On this episode of Stock Movers:


- Cannabis stocks like Tilray (TLRY) and Canopy (CGC) fell Thursday after President Donald Trump signed an executive order to reschedule marijuana as a lower-class drug. Trump's order reclassifies marijuana as a Schedule III drug from Schedule I, but doesn't permit legalized recreational sales. Other Schedule I substances include highly addictive drugs with no accepted medical use, such as heroin, while Schedule III substances are considered to have lower potential for abuse.


- Birkenstock (BIRK) shares drop after the company predicted a slower pace of sales growth in the coming year as its sandals and clogs contend with the impact of a weaker US dollar and tariffs.


- Shares of Lululemon (LULU) jumped after activist investor Elliott Investment Management has built a stake of more than $1 billion in Lululemon. Elliott has been working with retail executive Jane Nielsen, who is viewed as a potential CEO candidate, as the company searches for a replacement for current CEO Calvin McDonald.

On this episode of Stock Movers:
 - Cannabis stocks like Tilray (TLRY) and Canopy (CGC) fell Thursday after President Donald Trump signed an executive order to reschedule marijuana as a lower-class drug. Trump's order reclassifies marijuana as a Schedule III drug from Schedule I, but doesn't permit legalized recreational sales. Other Schedule I substances include highly addictive drugs with no accepted medical use, such as heroin, while Schedule III substances are considered to have lower potential for abuse.
 - Birkenstock (BIRK) shares drop after the company predicted a slower pace of sales growth in the coming year as its sandals and clogs contend with the impact of a weaker US dollar and tariffs.
 - Shares of Lululemon (LULU) jumped after activist investor Elliott Investment Management has built a stake of more than $1 billion in Lululemon. Elliott has been working with retail executive Jane Nielsen, who is viewed as a potential CEO candidate, as the company searches for a replacement for current CEO Calvin McDonald.

Closing Bell: Cannabis Stocks Fall, Birkenstock Drops, Lululemon Surges

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4b9cd714-716b-4caa-8be5-b3b701604418/transcript

On this episode of Stock Movers:
- Cannabis stocks like Tilray (TLRY) and Canopy (CGC) fell Thursday after President Donald Trump signed an executive order to reschedule marijuana as a lower-class drug. Trump's order reclassifies marijuana as a Schedule III drug from Schedule I, but doesn't permit legalized recreational sales. Other Schedule I substances include highly addictive drugs with no accepted medical use, such as heroin, while Schedule III substances are considered to have lower potential for abuse.
- Shares of Micron Technology (MU) the largest US maker of computer memory chips, rose by the most in eight months after the company gave an upbeat forecast for the current quarter, signaling that surging demand and supply shortages are allowing the company to charge more for products.
- Shares of Lululemon (LULU) jumped after activist investor Elliott Investment Management has built a stake of more than $1 billion in Lululemon. Elliott has been working with retail executive Jane Nielsen, who is viewed as a potential CEO candidate, as the company searches for a replacement for current CEO Calvin McDonald.

On this episode of Stock Movers: - Cannabis stocks like Tilray (TLRY) and Canopy (CGC) fell Thursday after President Donald Trump signed an executive order to reschedule marijuana as a lower-class drug. Trump's order reclassifies marijuana as a Schedule III drug from Schedule I, but doesn't permit legalized recreational sales. Other Schedule I substances include highly addictive drugs with no accepted medical use, such as heroin, while Schedule III substances are considered to have lower potential for abuse. - Shares of Micron Technology (MU) the largest US maker of computer memory chips, rose by the most in eight months after the company gave an upbeat forecast for the current quarter, signaling that surging demand and supply shortages are allowing the company to charge more for products. - Shares of Lululemon (LULU) jumped after activist investor Elliott Investment Management has built a stake of more than $1 billion in Lululemon. Elliott has been working with retail executive Jane Nielsen, who is viewed as a potential CEO candidate, as the company searches for a replacement for current CEO Calvin McDonald.

Marijuana Stocks Fall, Micron Jumps, Lululemon Surges

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1708557d-f1b4-4b32-bdf3-b3b70152b6cb/transcript

On this episode of Stock Movers:
- Accenture (ACN) shares fall after the IT services company gave an outlook that analysts said pointed to slower growth. It also reported first-quarter results that are seen as strong.
- Birkenstock (BIRK) shares drop after the company predicted a slower pace of sales growth in the coming year as its sandals and clogs contend with the impact of a weaker US dollar and tariffs. 
- CarMax (KMX) shares rise after said it will tolerate lower margins and boost ad spending to repair its business and attract buyers after slumping sales wiped out half of the used car retailer’s market value this year.

On this episode of Stock Movers: - Accenture (ACN) shares fall after the IT services company gave an outlook that analysts said pointed to slower growth. It also reported first-quarter results that are seen as strong. - Birkenstock (BIRK) shares drop after the company predicted a slower pace of sales growth in the coming year as its sandals and clogs contend with the impact of a weaker US dollar and tariffs. - CarMax (KMX) shares rise after said it will tolerate lower margins and boost ad spending to repair its business and attract buyers after slumping sales wiped out half of the used car retailer&rsquo;s market value this year.

Accenture Falls, Birkenstock Drops, CarMax Mixed After Flagging Margin Pressure

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/022a21f0-4d0c-4552-a967-b3b7010bde65/transcript

General Mills Rises, Oracle Falls, Udemy Downgraded

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