Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Barclays shares dropped the most in more than a year after its second-quarter earnings showed US consumer banking and investment bank growth had not matched up to the pace set by larger American rivals.
- Unilever shares rise as much as 6.8%, the most in two years, after the consumer-goods group reported significant beats for 2Q sales and volumes. Analysts said this was driven by growth in emerging markets and supports recent moves made by management.
- LVMH shares fall 1.9%, erasing a gain of as much as 3.1%, as investors weigh a miss in revenue growth at the fashion and leather goods unit against sequential improvements and better-than-expected profits across some segments. The print is proof of the “resilience of LVMH’s business model,” Barclays analysts write, while Deutsche Bank points to subdued performance in China and Asia.
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