Bloomberg Podcasts · Closing Bell: IMB Gains, Ralph Lauren Jumps, Walmart Slides | Stock Movers

1. 1. IBM shares surged over 12% after the Trump administration awarded it a $1 billion grant to build a quantum computing chip foundry.
2. 2. Discount retailer Ross Stores reported $6 billion in sales for the recent quarter, beating estimates of $5.6 billion, and raised its full-year EPS guidance.
3. 3. Workday shares rose 5.3% in after-hours trading after its first-quarter revenue and adjusted EPS beat analyst estimates.
4. 4. Ralph Lauren's stock surged 14% after reporting revenue and profit that surpassed analyst estimates, driven by strong sales growth in Asia, particularly China.
5. 5. Birkenstock shares jumped over 19% following the announcement of a $250 million accelerated share repurchase agreement with Goldman Sachs.
6. 6. Take-Two Interactive's shares moved lower due to disappointing net bookings and adjusted EPS forecasts for the current quarter and full year.
7. 7. Zoom shares rose over 3% in after-hours trading as the company boosted its fiscal year revenue forecast and exceeded first-quarter adjusted earnings per share estimates.
8. 8. Deckers, the company behind Ugg and Hoka shoes, saw its fourth-quarter net sales rise 9.6% year-over-year to $1.12 billion, beating analyst estimates.
9. 9. Analysts discussed a "K-shaped economy," noting strong performance from luxury brands like Ralph Lauren and Deckers contrasted with Walmart's selling off.
10. 10. One analyst paraphrased Ralph Lauren's conference call, suggesting the company believes its affluent customer base will continue spending despite economic uncertainties.