On this episode of Stock Movers:
- Nestle shares surged after it posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs. 
- Kering has been downgraded to sell from hold by an analyst at Berenberg amid concerns over demand-side challenges in the luxury sector.
- Nordea Bank shares rose to a record high after the Helsinki-based lender beat on net interest income and announced a spare of share buybacks.

On this episode of Stock Movers: - Nestle shares surged after it posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs. - Kering has been downgraded to sell from hold by an analyst at Berenberg amid concerns over demand-side challenges in the luxury sector. - Nordea Bank shares rose to a record high after the Helsinki-based lender beat on net interest income and announced a spare of share buybacks.

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

Nestle Jumps, Kering Dips, Nordea Rises

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/525b6aa9-a1f6-48bc-b9c6-b378008a7ab5/transcript

Advertisement