Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- General Motors (GM) shares are lower after the company narrowed its full-year profit forecast and will buy back another $20 billion in stock, reflecting strong cash flows. General Motors reported higher profit and revenue in the latest quarter despite selling fewer cars.
- GE Aerospace (GE) is moving after raising its full-year outlook amid strong aircraft engine demand, despite resurgent jet fuel prices.
- Elice (KS) is floundering as it plunged in their trading debut, falling as much as 38% and finishing the day with a 32% loss. The selloff threatened a tentative recovery in Asian stocks and revived concerns over neoclouds, as rising borrowing costs and doubts over returns from massive AI spending sour investor appetite.