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Schneider Electric Jumps, Adidas Falls, Rolls-Royce Rises
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Schneider Electric shares rise as much as 7%, the most since April, after the firm’s second-quarter beat and raised guidance was welcomed by analysts, who say the report is a strong print from the French electrification and automation group, particularly for its data-center offerings.
- Adidas shares fell as much as 18%, the most on record, after the German brand’s marketing spending for the football World Cup resulted in lower-than-expected quarterly profit.
- Rolls-Royce shares rise after it raised its full-year guidance for a second time as the UK’s largest manufacturer earned more from selling engines for widebody planes, military hardware and artificial intelligence.
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