Norwegian Cruise Falls; GameStop Pitches Takeover of eBay; Tyson Boosts Outlook
About this episode
This episode discusses the biggest stock market winners and losers, including Norwegian Cruise's forecast cuts, GameStop's takeover bid for eBay, and Tyson Foods' profit outlook increase.
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Norwegian Cruise (NCLH) shares fall after the cruise-line operator slashed its annual forecasts and gave a downbeat projection for the second quarter. While the war in Iran has driven up fuel costs and hurt demand, there are other company-specific headwinds hurting the company, analysts point out. Stifel is hoping this guidance kitchen sinks pressures, but warns investors that they may need to brace for more bad news. - GameStop (GME) is proposing to buy eBay Inc. for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger. - Tyson Foods (TSN) raised its full-year profit outlook as strong protein demand enables growth even as the struggling beef segment shows no signs of turning around. See omnystudio.com/listener for privacy information.
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