Now it's time for some of today's trending tickers. We are watching Proctor and Gamble, PVH, and Broadcom. First up Proctor and Gamble announcing plans to cut 7,000 jobs or about 6% of its global workforce over the next two years. The Tide maker also plans to trim its product portfolio, exiting some categories and divesting smaller brands in certain markets. You're seeing shares move lower by about three tenths of a percent right now.

Um, and just a correction here as well or additive. The company in reducing 7,000 roles, this is about 15% of their current non-manufacturing workforce, we should mention on top of this.

Yeah, and this is just the latest and a slew of headlines that have started to increase about company layoffs off the back of other layoffs that we've heard of from the likes of Microsoft, for example. But we did get to hear exclusively from the CEO of PNG, our very own executive editor Brian Sozzi speaking with the PNG CEO in April about the company's latest earnings results. Let's take a listen to what he had to say.

We need to find other solutions. Um, and those would include, uh, obviously unrelated cost reductions, they would include, uh, potential pricing. Um, so we're looking through all of those options. Uh, as the tariff landscape hopefully, uh, develops some certainty and, uh, and clarity.

And, uh, clearly going with the option in terms of that list of laying off workers. You can see the shares down about three tenths of a percent. But next up, let's talk about PVH cutting its full-year earnings outlook, reflecting an estimated net negative impact related to tariffs currently in place. This is the Calvin Klein owner topping first quarter results with revenue up 2% from a year earlier, but those shares really taking a hit here down over 12%. Taking a look at some analyst commentary, BMO Capital Markets, Simeon Siegel, friend of the show here, he's got a market performer on the name, saying the gross margin contraction reflected increased promos and an unfavorable channel mix, also higher freight management costs as well. So a little bit of a call out to some tariff policy impacting some of those costs. Evercore also talking about the forward guidance when it comes to EPS and the forecast cut being disappointing and indicating signs of share loss in the first quarter as well.

Yeah, first mention in a earnings filing that we've seen this year, I believe of Bad Bunny. Um, they mentioned that Calvin Klein saw one of its most impactful product launches in years with the Icon cotton stretch franchise amplified by the viral Bad Bunny campaign. That aside, there's a lot of uncertainty right now. They mentioned this, uh, Larson, the CEO talking specifically as part of the commentary within this release, saying that looking ahead, we're focused on what we can control, stepping up their actions, trying to scale the impact of their stronger product, next-level cut-through campaigns, sharper marketplace execution. But, uh, this is the strength at least is banked on in the back half of the year. Uh, and of course, as we're just weeks away from the back half of this year, we're going to be watching closely to see how they ultimately hit some of these targets that they are putting forward. Right now, shares moving lower, investors not too impressed. Uh, it's down by about 12.7% right now. Uh, finally, let's talk about Broadcom here, set to report second quarter earnings after the closing bell. Analysts expecting a positive report after Nvidia's results saw revenue up 69%. Broadcom, it climbed to new all-time highs this week as investors continue to cheer AI's momentum. Take a look at shares of Broadcom. They're up right now by about nine tenths of a percent.

Yeah, building on a six-day winning streak ahead of these earnings results. If we take a look at options pricing, the market pricing in a move of about 6 and a half percent in either direction off the back of this print. Also, taking a look, shares are up 30% over the last month, as you can see here on your screen. And that, as you mentioned, Brad, is in part due to the bullishness surrounding the AI trade that we have seen leading to huge gains for the likes of Nvidia, of course, the name that you think of when it comes to AI, which had a $1 trillion run over the last two months.

Yeah, Broadcom saying, hold my beer.

Yeah, exactly, exactly.

Might be the name you think of.

Exactly. And options certainly pricing in a lift here. The company consistently having a move to the upside and its stock off the back of earnings, which we will be covering here at Yahoo Finance. And you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance's trending tickers page.