3M Dips Despite Guidance; UNH Rallies; Tractor Supply Slips
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- 3M (MMM) is now lower even though it reaffirmed its full-year guidance, betting that rebounding demand for industrial products and office supplies will outweigh one-off charges that squeezed its first-quarter bottom line.
- UnitedHealth Group (UNH) share are rallying after the health insurer boosted its adjusted earnings per share forecast for the full year. Its first quarter profits also beat Wall Street’s expectations.
- Tractor Supply (TSCO) slipped after the rural lifestyle retailer reported comparable sales for the first quarter that missed the average analyst estimate. Management reaffirmed their annual forecasts.
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