Stock Movers Caterpillar's Earnings Bump; Starbucks Downgrades; Snapchat Ad Sales Concerns
Apr 30, 2025
Caterpillar's stock rises despite lower sales expectations amid potential tariff impacts. Meanwhile, Starbucks faces downgrades from major firms after a 1% drop in same-store sales. Snapchat experiences a 14% plunge as it warns of advertising sales struggles, although it did surpass revenue predictions. Market reactions indicate mixed fortunes as eyes turn towards upcoming tech earnings.
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Caterpillar's Mixed Outlook
- Caterpillar faces tariff and recession risks but expects flat full-year sales excluding tariffs.
- An increased order backlog mitigates some concerns, calming investor worries and lifting shares.
Starbucks Sales Challenges
- Starbucks struggles with same-store sales decline and receives multiple stock downgrades.
- Despite some foot traffic stabilization, recovery lags, and market share gains remain elusive.
Snapchat's Ad Sales Warning
- Snapchat warns of strong macroeconomic headwinds impacting ad sales despite revenue beat.
- The company withheld current period sales forecasts, signaling uncertainty and causing shares to drop sharply.