Chewy Slumps, Costco Climbs, Crowdstrike Mixed | Stock Movers [KmsZUuYXI2F]
Today's biggest winners and losers in the stock market, a look at the notable movers for the week: On this episode of Stock Movers: - Chewy (CHWY) shares are down as much as 8.8% on Tuesday, hitting their lowest intraday level since May 2024, after the online pet retailer presented at the JPMorgan Technology, Media & Communications Conference. The company provided some cautious commentary during the event, saying that it’s seeing a more “stretched” consumer now than it did at the beginning of the year. - Costco Wholesale (COST) remains well-positioned to gain market share on its strong value and steady demand for essentials, though higher fuel prices may pressure near-term margins, Oppenheimer said Tuesday in a report. Oppenheimer expects fiscal Q3 earnings of $4.75 a share, trailing the Wall Street consensus of $4.98, as higher fuel costs and a heavier e-commerce and pharmacy mix may outweigh a benefit from inventory accounting. Results are due May 28. -Crowdstrike (CRWD) shares are edging higher on Tuesday, hitting a new all-time high as buyers lean into fresh bullish analyst commentary. See omnystudio.com/listener (for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Check out more episodes of Stock Movers: Visit us: Follow Bloomberg Podcasts on Twitter: Visit our other YouTube channels: Bloomberg Television: Bloomberg Originals: Quicktake: For coverage on news, markets and more: #Stocks #Markets #Finance #Investing #Podcast #Bloomberg Chewy Slumps, Costco Climbs, Crowdstrike Mixed