By Joe Woelfel
Stocks rose Thursday following better-than-expected U.S. retail sales and a decline in jobless claims.
These stocks were making moves Thursday:
Lucid Group jumped 35% after the luxury-vehicle maker announced a self-driving partnership with Uber Technologies and Nuro. The service is expected to launch later next year in a major U.S. city, the companies said. Uber aims to deploy 20,000 or more Lucid vehicles equipped with Nuro self-driving technology over six years. Uber shares fell 0.6%.
U.S.-listed shares of Taiwan Semiconductor Manufacturing rose 3.1% as the world's largest contract chip maker reported a record profit in the second quarter as robust chip demand for artificial-intelligence applications held up despite currency headwinds and uncertainty about U.S. tariff policy.
United Airlines reported second-quarter adjusted earnings of $3.87 a share that beat analysts' expectations of $3.81. The stock was up 4.2%. The carrier revised its full-year guidance. United said that while it has seen an acceleration in demand and double-digit acceleration in business demand starting in early July, which it attributed to "less geopolitical and macroeconomic uncertainty," it was updating its per-share profit guidance for 2025 to between $9 and $11.
PepsiCo rose 6.6% after the beverages and snacks company reported second-quarter adjusted earnings of $2.12 a share, beating analysts' expectations of $2.03. PepsiCo said it now expects adjusted earnings to decline by 1.5% in 2025, better than the 3% decline it previously forecast.
GE Aerospace was down 1.7%. The jet-engine maker reported better-than-expected second-quarter earnings and raised guidance for 2025.
Abbott Laboratories fell 7.4%. The medical-device maker reported better-than-expected second-quarter sales but lowered the top end of its full-year profit guidance range. Abbott said it expects adjusted earnings this year of $5.10 to $5.20 a share, compared with prior guidance of $5.05 to $5.25.
Sarepta Therapeutics will undergo a restructuring that will cut 36% of its workforce, or 500 employees, and save the gene-therapy company about $120 million in 2026. Sarepta also said it named Ryan Wong as chief financial officer, succeeding Ian Estepan, who will become chief operating officer. The stock soared 21%.
MP Materials was falling 1.1% to $57.93 after the rare-earths miner said it would be selling $500 million of common stock in a public offering. MP Materials closed Wednesday up 0.6% at a record high of $58.55. On Thursday, Deutsche Bank analyst Corinne Blanchard kept her Hold rating on the stock but raised her price target to $67 a share from $20.
Archer Daniels Midland fell 2.2% after President Trump said Coca-Cola agreed to use real cane sugar in the U.S. ADM is a maker of high fructose corn syrup that is used in certain Coke products. Ingredion, which also is a supplier of high-fructose corn syrup, fell 3.3%.
Earnings reports are expected after the closing bell Thursday from Netflix and Interactive Brokers.
Netflix was up 0.7% ahead of second-quarter earnings from the streaming giant. Wall Street expects Netflix to post earnings of $7.08 a share on sales of $11.06 billion, up nearly 16% from a year earlier.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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July 17, 2025 10:58 ET (14:58 GMT)
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