Stocks to Watch: Bank of America, Allbirds, Snap, Hermès -- WSJ

Dow Jones04-15 21:46

By WSJ Staff

Bank of America (BAC), Morgan Stanley $(MS)$: The financial heavyweights reported a bumper quarter and gave more positive signals on the U.S. economy; shares rose.

Allbirds $(BIRD)$: The sneaker company's share price more than quadrupled after it announced it was transforming into an AI compute infrastructure business.

Hermès International (FR:RMS), Kering (FR:KER): Birkin bag maker Hermès reported slowing sales as the Iran war weighed on demand, while Gucci owner Kering said sales fell. The moves came after industry bellwether LVMH also flagged weakness earlier in the week. Hermès and Kering stock slumped in Paris.

Snap (SNAP): The Snapchat parent said it's slashing its global workforce by about 16%; shares jumped more than 4%.

ASML (NL:ASML, ASML): The company, which sells chip-making equipment, lifted its guidance thanks to continued strong demand for AI chips. Its shares gained in Amsterdam.

Broadcom $(AVGO)$: The chipmaker's shares climbed 3% after it expanded its partnership with Meta Platforms to provide the Facebook parent with more custom artificial-intelligence chips.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 15, 2026 09:46 ET (13:46 GMT)

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The moves came after industry bellwether LVMH also flagged weakness earlier in the week. Hermès and Kering stock slumped in Paris. \n\n\n     Snap (SNAP): The Snapchat parent said it's slashing its global workforce by about 16%; shares jumped more than 4%. \n\n\nASML (NL:ASML, ASML): The company, which sells chip-making equipment, lifted its guidance thanks to continued strong demand for AI chips. Its shares gained in Amsterdam. \n\n\n     Broadcom $(AVGO)$: The chipmaker's shares climbed 3% after it expanded its partnership with Meta Platforms to provide the Facebook parent with more custom artificial-intelligence chips. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  April 15, 2026 09:46 ET (13:46 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.41.0","shortVersion":"4.41.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2627280239","isCrawlerRequest":true}