The Score: GM, Tesla, Palantir, American Airlines and More Stocks That Defined the Week -- WSJ

Dow Jones
Yesterday

By Francesca Fontana

The Score is a weekly review of the biggest stock moves and the news that drove them.

General Motors

Trade-sensitive stocks rose Wednesday as the Supreme Court heard oral arguments on the case challenging the broad array of global tariffs President Trump has imposed.

The levies appeared to be on shaky ground after the hearing, during which justices expressed skepticism about Trump's authority to impose sweeping measures on countries around the world.

The Trump administration's top lawyer faced sharp questioning, including from some members of the court's conservative wing. Traders on prediction markets stepped up their bets that the levies won't survive the court's scrutiny.

Some retail and auto stocks that have been weighed down by Trump's tariffs made moves higher. General Motors shares rose 2.8% Wednesday, and Ford Motor added 2.5%.

Kimberly-Clark

Household staples giant Kimberly-Clark has agreed to buy Tylenol maker Kenvue in one of the biggest takeovers of the year.

Kimberly-Clark said the cash-and-stock deal, including debt, has a value of more than $40 billion. The combination would create a global health-and-wellness company with annual revenues of approximately $32 billion and 10 billion-dollar brands.

The bet on Kenvue comes as Kimberly-Clark lags behind rivals Unilever and Procter & Gamble. Kimberly-Clark's products include Kleenex tissues and Cottonelle toilet paper.

The combined company would face a number of headaches, including President Trump's warning that acetaminophen -- Tylenol's active ingredient -- is a potential cause of autism.

Kimberly-Clark shares sank 15% Monday, while Kenvue shares jumped 12%.

Amazon.com

Amazon and OpenAI are joining forces amid a flurry of artificial-intelligence deals.

The AI startup agreed to pay Amazon $38 billion for computing power in a multiyear deal.

The deal, unveiled Monday, comes as Amazon faces investor pressure to accelerate the growth of its Amazon Web Services cloud business. AWS is the industry's largest cloud provider, but rivals such as Microsoft and Google have reported faster cloud-revenue growth on demand from AI customers.

The same day, Microsoft inked a $9.7 billion deal with data-center company IREN to secure access to AI computing power.

Amazon shares gained 4% Monday, closing at a new all-time high.

Palantir Technologies

Investors appeared unimpressed by Palantir's record sales on Monday.

The data-analytics company posted better-than-expected quarterly earnings and revenue, and notched another quarter of record revenue as new customers flocked to buy AI technology.

Palantir is one of the hottest names on Wall Street and among the most richly valued stocks in the market. The stock has more than doubled so far in 2025, and many analysts still balk at its valuation.

Palantir shares fell 8% on Tuesday.

American Airlines

Airline stocks took a tumble after the Federal Aviation Administration on Thursday ordered a 10% cut in traffic at 40 major airports to relieve unpaid air-traffic controllers.

Transportation Secretary Sean Duffy said the reductions, which began to phase in on Friday, would keep air travel safe. Air-traffic controllers are working without pay during the record-setting government shutdown. Flight cancellations across the U.S. could rise to 15% -- or even 20% -- if the shutdown continues, Duffy said Friday.

The FAA's list of affected airports includes some of the nation's biggest, busiest airports, including those in Atlanta, Chicago, Dallas and New York City.

The FAA planned to start with traffic cuts of 4% Friday and increase in coming days.

Airline shares fell Thursday, including American Airlines, which lost 2%.

E.l.f Beauty

E.l.f. Beauty's guidance for the year disappointed Wall Street.

The beauty company late Wednesday logged a 14% increase in quarterly sales in its latest quarter, and Chief Executive Tarang Amin said E.l.f. gained market share across both high- and low-income consumers in the period. The company also got a boost from its purchase of Rhode, Hailey Bieber's cosmetics and skin-care line, which closed in August.

However, E.l.f. expects adjusted earnings per share of $2.80 to $2.85 and sales of $1.55 billion to $1.57 billion. Analysts forecast adjusted earnings of $3.53 a share on revenue of $1.65 billion.

Amin said expectations were dialed up a bit too high in the absence of the company providing guidance in recent quarters.

E.l.f. shares tanked 35% Thursday.

Tesla

Tesla shareholders approved Chief Executive Elon Musk's $1 trillion pay package Thursday.

More than 75% of votes cast were in support of Musk's record-setting package. The results were announced at the electric-vehicle maker's annual shareholder meeting. The measure was hotly debated, with some large shareholders taking opposing sides.

Musk -- who is also CEO of SpaceX and xAI -- was flanked by dancing humanoid robots onstage at Tesla's headquarters as he thanked shareholders. The billionaire had threatened on social media to leave Tesla if the proposed package was rejected. He is already Tesla's biggest shareholder, with a roughly 15% stake.

Tesla shares fell 3.7% Friday.

Expedia Group

More travelers have been booking vacations further in advance, boosting sales at Expedia and Airbnb.

Expedia raised its annual sales outlook as the online travel agency posted quarterly results that beat Wall Street expectations. Chief Executive Ariane Gorin said that travelers are booking farther ahead and planning longer trips as travel demand bounces back across income levels.

Meanwhile, short-term rental company Airbnb said Thursday that demand strengthened in the third quarter and continued to do so in October. But Airbnb's quarterly profit was dented by a higher tax expense related to the One Big Beautiful Bill Act passed last summer by Congress.

Expedia soared 18% Friday, while Airbnb shares edged 0.3% higher.

Our weekly markets news roundup is now part of the WSJ's What's News podcast. Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Check out What's News in Markets at wsj.com/podcasts or wherever you listen.

Write to Francesca Fontana at francesca.fontana@wsj.com.

 

(END) Dow Jones Newswires

November 07, 2025 17:22 ET (22:22 GMT)

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