Stock Movers: Microsoft & Meta Surge on Earnings, Eli Lilly Slides, Harley-Davidson Cites Tariffs

Tech Giants Shine on Strong Earnings

• 🚀 Microsoft shares are soaring, up nearly 10% in pre-market trading, driven by an "A++" earnings report.
• 💡 Their cloud unit, a key measure of success, posted a significant 33% revenue gain, beating the Wall Street estimate of 29%.
• 📈 Meta Platforms also saw a boost, with a 6% rise in stock price, as ad sales remain strong across its platforms.
• 💰 Despite strong performance, Meta is warning about the impact of tariffs and increased investments in artificial intelligence.

Pharmaceutical Sector Sees Mixed Results

• 📉 Eli Lilly shares are down about 3% in pre-market trading following their earnings report.
• ⚠️ The company lowered its full-year adjusted earnings per share forecast, with a significant factor being CVS partnering with Novo Nordisk to increase the availability of Wegovy, impacting Zepbound's coverage.

Tariffs and Economic Headwinds Affect Companies

• ⚠️ Harley-Davidson is withdrawing its 2025 financial outlook, explicitly citing the "tariff situation" and broader macroeconomic conditions.
• 📉 Qualcomm shares are down approximately 5.4%, with a less optimistic forecast attributed to supply chain issues and the impact of tariffs.
• 📊 General Motors quantified the tariff impact at $5 billion, though its stock rose slightly, suggesting the market may have anticipated a larger figure.
• ⚡ The tariff situation is highlighted as a significant warning to investors from companies like Harley-Davidson, General Motors, and Qualcomm.