Ericsson Plunges, Watches of Switzerland Jumps, BP Gains

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Ericsson's shares fell as much as 10.3%, the most in about 18 months, after the Swedish company said margins for its main business will come under pressure this quarter. - Watches of Switzerland’s annual revenue jumped by 13%, underpinned by strong US demand that the luxury watch retailer said is laying the foundation for long-term profit growth.- BP shares gain as much as 3.3% to touch a one-month high as Jefferies noted that the oil major’s net debt estimates for the second quarter had undershot expectations.See omnystudio.com/listener for privacy information.