Stock Movers

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

On this episode of Stock Movers:

- Centene (CNC) shares jumped after first-quarter profit exceeded Wall Street expectations and the company raised its outlook for the year in the latest sign of recovery for a US health insurance sector coming off a terrible year. Adjusted earnings of $3.37 a share surpassed all analyst estimates in a Bloomberg survey. A key gauge of medical costs came in more favorable than Wall Street views. The company boosted its earnings outlook for the year by 40 cents a share, it said in a statement Tuesday.

- Spotify (SPOT) stocks plummeted the most in more than four years after the music streaming leader gave a forecast for operating income in the second quarter that missed analysts’ estimates. The Swedish company expects operating income of €630 million ($737 million) in the current quarter, it said in a statement Tuesday. That compares with analysts’ forecasts of €674.3 million.

-Coca-Cola (KO) shares rose after the company's focus on smaller sizes is paying off with cash-strapped consumers as the world’s largest beverage maker boosted sales last quarter more than expected. Atlanta-based Coca-Cola reported organic revenue growth of 10%, topping the average of analyst estimates, and notching the company’s best organic growth in five quarters. Adjusted earnings per share also outpaced expectations.
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On this episode of Stock Movers:
- UPS (UPS) shares fall. United Parcel Service Inc. left its financial guidance unchanged despite topping Wall Street's first-quarter sales and profit expectations. The company still expects revenue of $89.7 billion this year and an adjusted operating margin of about 9.6%, and has saved about $600 million as a result of network changes.
- Hilton Worldwide (HLT) shares drop. The hotel operator’s improved adjusted earnings per share guidance for the full year failed to meet Wall Street’s expectations. The company’s second-quarter outlook was hurt by the war in the Middle East. The shares closed at a record high on April 20.
- Vertiv (VRT) shares drop after the power equipment company’s report was marred by what Vital Knowledge called “areas of disappointment,” which investors in the momentum name tend to fixate on. Organic growth fell short of expectations, as did a second-quarter profit view.
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On this episode of Stock Movers:
- Oracle (ticker ORCL) shares drop. Shares in OpenAI partners such as SoftBank Group Corp. and Oracle Corp. tumbled after the Wall Street Journal reported that OpenAI recently failed to meet targets for sales and new users.
- UPS (ticker UPS) shares fall. United Parcel Service Inc. left its financial guidance unchanged despite topping Wall Street's first-quarter sales and profit expectations. The company still expects revenue of $89.7 billion this year and an adjusted operating margin of about 9.6%, and has saved about $600 million as a result of network changes.
- Centene (ticker CNC) shares climb. The health insurer boosted its adjusted earnings per share forecast for the full year. The firm also posted adjusted profit and revenue for the first quarter that beat Wall Street’s expectations.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Bed Bath & Beyond (BBBY) is higher after the home goods retailer and investor in blockchain reported net revenue for the first quarter that beat the average analyst estimate. Short interest in the name stands at nearly 13% of float, according to data from S3 Partners.
- UPS (UPS) is lower after it left its financial guidance unchanged despite topping Wall Street’s first-quarter sales and profit expectations.
- Spotify (SPOT) shares are lower as it reported results that underwhelmed Wall Street, forecasting operating income in the current quarter that missed analysts’ estimates. Spotify is trying to stay relevant to how people consume music and other media, and is grappling with how to use artificial intelligence to its advantage.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Coca-Cola (KO) reported comparable earnings per share for the first quarter that beat the average analyst estimate.
- Shares in OpenAI partners such as SoftBank Group Corp. and Oracle Corp. are falling after the Wall Street Journal reported that the AI startup recently failed to meet targets for sales and new users, reviving worries about spending ahead of tech earnings.
- General Motors (GM) raised its profit outlook for the year by $500 million, saying its pickups and sport utility vehicles continue to sell even as gasoline prices soar due to the war in Iran.
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