On this edition of Stock Movers:
- ON Semi (ON) rallied Tuesday as members on its management team spoke at the Bank of America 2025 Global Technology Conference. At the conference, CEO Hassane El-Khoury discussed that non-AI chips - which ON focuses on - could be heading toward a rebound. It was the best performing stock in the S&P 500.
- Norwegian Cruise (NCLH) shares were among the best performing stocks of the week. Investors sent the stock higher as the company's booking trends seem to be improving.
- Brown-Forman (BF/B) shares plummeted the most since 2008 after it reported results that trailed expectations while projecting a sales decline for the current fiscal year. The owner of Jack Daniel's brand also sees organic net sales, which strip out items such as currency fluctuations, declining in a low-single digit range for the fiscal year that runs through April 2026. Brown-Forman is anticipating a challenging operating environment this year, “with low visibility due to macroeconomic and geopolitical volatility as we face headwinds from consumer uncertainty,” the company said in the earnings statement. The firm also cited potential impact from tariffs not yet in place.
See omnystudio.com/listener for privacy information.
