SpaceX Rises, Seagate Drops, Marriott Slides on Earnings Miss
About this episode
On this episode of Stock Movers:
-SpaceX (SPCX) shares rise ahead of the company's first ever earnings report. As Tesla and SpaceX increasingly share technology — from Starlink and artificial intelligence to semiconductor manufacturing and robotics — investors are asking whether the relationship could extend beyond engineering and into the boardroom.
-Seagate (STX) shares are down. CEO Dave Mosley said building new factories would "take too long" during a presentation at the JPMorgan Global Technology, Media and Communications Conference.
-Marriott International (MAR) shares slide. The hotel operator gave a downbeat profit forecast for its third quarter and said it now anticipates net room growth for the full year at the low end of its previous 4.5%-to-5% guidance range.
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