Novo Nordisk Falls; Palantir, FedEx Shares Rise

On this episode of Stock Movers:

-Palantir (PLRT) shares rise following a revenue forecast for fiscal 2026 that significantly exceeded Wall Street expectations, a boost for the data analytics company after its shares have gotten off to a lackluster start so far this year.

-Novo Nordisk (NVO) shares fall after the drug company said its sales will drop this year as its blockbusters Ozempic and Wegovy face ever-tougher competition and the company gets hit by the US government’s push to cut drug prices. 

-NXPI Semiconductors (NXPI) falls after the chipmaker reported slightly slower growth in the automotive market than anticipated last quarter as the company pursues a comeback.

-FedEx (FDX) shares extended a record run after two Wall Street analysts raised their calls to the equivalent of a buy, saying the shipping giant will benefit from efforts to boost its European business and a solid economic backdrop.

See omnystudio.com/listener for privacy information.