On this episode of Stock Movers:
- United Health (UNH) is sinking considerably this morning after it cut its full year adjusted EPS forecast and missed first quarter earnings estimates. The company cites heightened care needs in Medicare and unanticipated changes in its Optum Health care delivery business. The company expects adjusted earnings in 2025 to be $26 to $26.50 a share, down from a previous range of $29.50 to $30 a share, and the company says factors affecting earnings should be "highly addressable" this year and in 2026.
- Eli Lilly (LLY) shares are soaring this morning after announcing its drug, oforglipron, became the first small molecule GLP-1 to successfully complete a Phase 3 trial.
- TSMC (TSM) shares jumped this morning in premarket trading after the chipmaker forecast sales for the second quarter that beat the average analyst estimate. The company kept its growth outlook for 2025 on expectations of AI revenue doubling.
- Hertz (HTZ) jumped this morning after it experienced its biggest gain ever yesterday. The upswing followed a CNBC report that stated Pershing Square Capital Management had amassed a position of almost 20% in the beleaguered car rental company. Bill Ackman’s investment firm said in a filing Wednesday that it bought 12.7 million shares valued at about $46.5 million at the time of the purchase.
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