Stock Movers: Tesla Rises on Earnings Hopes, Verizon Drops on Subscriber Loss, Kimberly-Clark Cuts Outlook

Verizon Communications Subscriber Decline

• 📉 Verizon Communications reported a larger-than-expected decline in mobile phone subscribers during the first quarter.
• ⚠️ This drop is attributed to heavy competition in the telecom space and reduced spending by government agencies.

Tesla's "Code Red" Moment and Earnings Anticipation

• ⚡ Tesla is the company everyone is watching ahead of its earnings report, with analysts calling it a "code red moment."
• 💡 Investors are looking for Elon Musk to inject excitement into the company during the earnings call, given the recent drop in sales and stock price.
• 📉 Tesla's sales have fallen to a nearly three-year low in the first three months of the year.
• 🔑 Elon Musk is expected to be on the earnings call, having missed only one in his tenure as CEO.
• ⚠️ Concerns have been raised by treasurers of U.S. states regarding the company's governance, highlighting key man risk associated with Elon Musk.

Kimberly-Clark Profit Outlook Cut

• ✂️ Kimberly-Clark, a diaper maker, is cutting its profit outlook for the year.
• 📈 The company cited tariff costs and uncertainty from the global trade war impacting its costs as reasons for lowering expectations.
• 🌍 The CEO noted that the current environment will lead to greater costs across their global supply chain than initially anticipated.