On this episode of Stock Movers:
- American Airlines (AAL) is lower after it reinstated annual earnings guidance in a lower range than expected, with results for 2025 ranging from an adjusted loss of 20 cents a share to a profit of as much as 80 cents. The carrier's outlook for the rest of the year diverged from new forecasts from United Airlines Holdings Inc. and Delta Air Lines Inc. as businesses and consumers resume travel.
- Chipotle (CMG) is down after it cut its annual outlook for the second time this year, citing a traffic slump attributed to economic anxiety. The company said sales at established restaurants are now expected to be about flat for the full year, after previously forecasting a low-single digit expansion. CEO Scott Boatwright said lower-income consumers are under pressure and looking for value, disregarding Chipotle's key selling points such as quality, fresh, and abundance.
- American Eagle (AEO) shares jump 16% in premarket trading on Thursday, putting the stock on track to extend gains, after the apparel retailer announced a campaign headlined by actress Sydney Sweeney. The stock move accelerated during after-hours trading and continued to rally Thursday morning, soaring as much as 25% premarket before paring some of those gains.
- IBM (IBM) is lower this morning after it reported weaker-than-expected sales in its software segment, with second-quarter software unit sales increasing 10% to $7.39 billion. The company's management has heralded software and services as the path to rejuvenation, with software now more than 40% of the company's annual revenue, and bookings for the AI business have exceeded $7.5 billion since mid-2023.
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