Newsmax Surges, Entertainment Stocks Tick Up, PVH Soars

On this episode of Stock Movers:

-Newsmax's (NMAX) meme-stock moment has given it a market value greater than Fox Corp.’s, with shares surging 2,230% since its debut earlier this week. The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times. Tuesday’s jump added $19.2 billion in market value as over 10 million shares swapped hands.

- Live Nation Entertainment (LYV) shares rose after President Donald Trump signed an executive order aimed at cracking down on ticket scalping and fees that drive up costs of live events. TD Cowen said it sees the executive order as a chance for the Ticketmaster owner to settle the antitrust lawsuit filed by the Department of Justice. Meantime, shares in online ticketing marketplace Vivid Seats (SEAT) fell.

- PVH Corp (PVH) shares climbed in their biggest intraday advance in two years after the owner of Calvin Klein and Tommy Hilfiger brands gave a guidance for 2026 adjusted earnings that beat the average analyst estimate. The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year. It’s more cautious than the view offered by Chief Executive Officer Stefan Larsson in December, when he projected “modest growth” for 2025. Revenue decreased 5% on a constant currency basis in 2024, the company said in a statement.

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