Stocks edged higher Tuesday afternoon, after wavering for much of the session. The market has seemingly struggled to find a middle ground between worries about the economy and optimism about future rate cuts.
These stocks were making moves in recent trading.
Bath & Body Works
stock tumbled 13% and was the worst performer in the
S&P 500
after the fragrance retailer said it expects second-quarter adjusted earnings to be between 31 cents and 36 cents a share, compared with Wall Street estimates of 38 cents.
Designer Brands
stock was down 21%. The owner of shoe store DSW reported first-quarter adjusted earnings of 8 cents a share, which missed Wall Street estimates of 13 cents a share, according to FactSet. Meanwhile, sales for the quarter of $746.6 million beat analysts’ expectations of $737 million.
Carnival
stock was up 5.1%. The cruise line operator said after the stock market closed on Monday that in March 2025, it will retire the P&O Cruises Australia brand and combine its Australia operations into Carnival. A Melius Research analyst said on Tuesday that “this could be the catalyst needed to start a rally.”
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GitLab stock was falling 4.7%, even though late Monday, the software-development platform reported adjusted earnings and revenue for its first quarter that were above Wall Street expectations. D.A. Davidson analyst Gil Luria wrote in a research note that “adoption of its new AI features is taking time to benefit revenue.”
Paramount Global
was dropping 3.2% after the entertainment company announced cost-cutting plans at its annual meeting on Tuesday. According to reports, these plans would take place if the company did not sell, and include exploring joint-venture opportunities with other media companies and divesting noncore assets.
American depositary…
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