IBM Rallies on New Chip; McCormick Moves on Guidance | Stock Movers
On this episode of Stock Movers:
- IBM (IBM) shares gained in premarket trading on Thursday after the technology giant unveiled the world’s first sub-1 nanometer (nm) chip technology.
- McCormick (MKC) is moving after it reported second-quarter profit that beat estimates, buoyed by higher prices and a tariff refund, and reaffirmed its full-year guidance.
- Darden Restaurants (DRI) shares fell after its same-store sales at Olive Garden trailed expectations, raising questions about demand at the company’s largest chain and overshadowing better-than-expected earnings. (Source: Bloomberg)
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