Company News for May 17, 2024

• Walmart Inc.’s WMT shares jumped 7% after reporting first-quarter 2024 adjusted earnings of 60 cents per share, beating the Zacks Consensus Estimate of 52 cents.

• Shares of GameStop Corp. GME plummeted 30% for the second session running after a two-day rally of meme stocks.

• Deere & Company’s DE shares tanked 4.8% despite reporting an earnings beat after the company reduced its annual profit forecast for the second time.

• PepsiCo, Inc.’s PEP shares jumped 2% on consumer staples becoming the biggest winning sector of the day.

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