Check out the companies making headlines for Thursday’s deals. Salesforce – The customer relationship management software maker’s shares fell 5% on Thursday after the company posted its latest quarter results. RBC Capital Markets downgraded its shares, citing whether the company continues to acquire it. Salesforce broke its first-quarter estimates, raised a full-year outlook, and posted the results a day after it announced plans to acquire data management company Informatica. C3.AI – Stock in Enterprise Artificial Intelligence Company surged 23% after C3.AI reported strong results for the fourth quarter. The company announced a narrower loss than expected of 16 cents per share, with less than LSEG-voted loss analysts estimated by LSEG. Revenue of $108.7 million exceeded the expected $107.8 million. Tesla – The shares added 3% after CEO Elon Musk in an X post stated in a post that his “scheduled time” for government work has ended and marked his departure from government efficiency under the Trump administration. The news is not enough for his company as Musk faces an increasing number of criticism for spending too much time working with the government. NVIDIA – Chipmaker’s stock rose 3% after NVIDIA’s first quarter adjusted revenue and revenue broke Wall Street forecasts. A small number of other chip stocks, including advanced microdevice and Broadcom, rose in sympathy. Boeing – CEO Kelly Ortberg has hit a 52-week high as plane delivery resumes next month after handovers were suspended amid a trade war with the Trump administration, aircraft stocks won more than 2%. He also said Boeing could increase production of its bestselling Max Jet to 47 a month by the end of the year. ELF Beauty – Stocks skyrocketed 22% after listing revenues and revenues that beat analysts’ expectations. The company will also acquire Haley Beaver beauty brand Lord for deals worth up to $1 billion. Fellow beauty stocks Estée Lauder and Coty have added 4% in tandem. BEST BUY – Electronics retailers slipped over 9% after missing quarterly revenue expectations and lowered annual guidance on sales per share and adjusted revenue. Best Buy’s CFO said the decline in the outlook was due to tariffs. Tariff Exposed Stocks – A small number of retail stocks exposed to tariffs rose on Thursday after the US International Trade Court blocked President Donald Trump’s mutual tariffs on Wednesday and ordered the administration to halt those collections. Lululemon’s shares rose 0.8%, while Deckers Outdoor added about 2.6%. VEEVA Systems – Cloud computing companies rose 19% after first quarter results beat analyst expectations. Veeva has earned an adjusted $1.97 per share, $1.97 against its $759 million revenue. According to FactSet, analysts had expected a profit of $1.74 per share against revenue of $728.4 million. Southwest Airlines – Airline stock has earned more than 2% after receiving an upgrade to buy from holds at Deutsche Bank. The bank believes Southwest’s new board of directors can improve shareholder returns following its deal with activist investor Elliott Investment Management last year. HP – Shares sunk 8% after the personal computing company issued disappointing guidance, citing tariffs. HP expects adjusted revenue for the third quarter to be between 68 cents and 80 cents per share. Adjusted revenue for the second quarter missed revenue of 71 cents per share, which was expected from analysts. Sentinelone – Cybersecurity stocks have fallen 11% lower. Sentinelone expects its second quarter revenue to be $242 million due to weak guidance, while analysts voted by LSEG predicted $245 million. In the first quarter, Sentinelone reported 2 cents per share in adjusted first quarter revenues, in line with the LSEG consensus estimates. United Airlines Jet Blue – United Airlines added 1.8%, while Jet Blue lost 3%. The deal involves United Airlines returning to John F. Kennedy International Airport in New York, which it left in 2015.
Stocks making the biggest moves on Thursday: BA, NVDA, CRM, ELF
