Bloomberg Intelligence Introducing: Stock Movers Podcast
Apr 9, 2025
Explore the latest market trends with insights into Delta's mixed earnings and the struggling pharmaceutical sector, featuring ABBV and GILD. Discover how Walmart's stable guidance presents a silver lining amid widespread market bearishness. Stay ahead of the stock game in just five minutes!
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Delta's Unexpected Stock Movement
- Delta Air Lines suspended its full-year guidance due to uncertainty.
- However, the market reacted positively, buying the stock despite the withdrawn guidance.
Pharmaceutical Stock Decline
- Pharmaceutical stocks experienced significant losses, with companies like ABBV, ABT, and GILD down 3-4%.
- This sell-off seems to be driven by pain in the European market, impacting US pharmaceutical companies.
Walmart's Cost-Cutting Strategy
- Walmart CEO focuses on cost-cutting measures and maintaining low prices.
- Walmart reaffirmed its sales guidance, leading to a 2% increase in its stock price (WMT).