General Motors Drops, GE Aerospace Falls, Hasbro Jumps

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

  • General Motors Co. (GM) shares fell as shareholders focused on a narrower profit outlook despite plans for another $20 billion in stock repurchases. GM's board approved the new round of buybacks, which will be funded on an ongoing basis over a multi-year period of time, adding to the $29.5 billion already spent by the company buying back its shares since 2023.
  • GE Aerospace (GE) shares drop as much as 5.5%, the most intraday since July 16, after higher full-year profit guidance from the jet-engine maker failed to impress investors. Though the outlook for adjusted earnings per share topped analyst estimates, it implied that the fourth quarter will come in below their expectations.
  • Hasbro (HAS) stock is surging nearly 10% Tuesday afternoon, driven by sales of Magic: The Gathering, as well as hiked full-year revenue growth expectations. The company has diversified beyond physical toys into digital games, creating a cushion as lingering tariffs and surging fuel prices drive up toy prices and pressure toymakers' margins.
 
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