Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Chevron (CVX) and ExxonMobil (XOM) shares are moving in response to earnings. Chevron outperformed expectations as prices for crude, gasoline and diesel surged amid war-driven supply disruptions. ExxonMobil narrowly missed profit forecasts despite soaring crude prices and widening fuel-making margins as the US-Iran conflict enters its sixth month.
- Amazon (AMZN) shares are gaining after the e-commerce and cloud-computing company reported second-quarter results that beat expectations on key metrics, including revenue at its Amazon Web Services business. Analysts are positive about AWS’ acceleration and backlog.
- Apple (AAPL) shares dipped after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.
- Roblox (RBLX) shares are lower after the video-game company’s second-quarter results disappointed on key metrics, including users and hours engaged. It also gave a forecast for both bookings and revenue that was weaker than expected.
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