Stock Movers

On this episode of Stock Movers:
- Taiwan Semiconductor (TSM) is higher after earnings beat analyst estimates, in the latest sign of rising demand for components like Nvidia chips that power AI. It also narrowed its capital expenditure forecast for the full year.
- United Airlines (UAL) is lower as analysts at Bloomberg Intelligence note that the airline’s results show signs of saturation, even for its premium seats. The company forecast adjusted earnings per share for the fourth quarter that beat the average analyst estimate.
- Hewlett Packard (HPE) shares are lower after the computer hardware and storage company issued a full-year forecast for profit and cash flow that fell short of analysts’ estimates. The company also said it is cutting an unspecified number of jobs as part of its integration with Juniper Networks. HPE is dealing with tighter margins in part due to building servers with expensive AI chips that have made the machines less profitable.
- Salesforce (CRM) is higher on Thursday after the software company forecast that revenue growth will accelerate to double digits in the coming years. Bloomberg Intelligence analyst Anurag Rana says Salesforce’s forecast implies annual growth of 10% and “is encouraging, given the pace dipped to around 8-9% in recent quarters.”

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On this episode of Stock Movers:
- Nestle shares surged after it posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs.
- Kering has been downgraded to sell from hold by an analyst at Berenberg amid concerns over demand-side challenges in the luxury sector.
- Nordea Bank shares rose to a record high after the Helsinki-based lender beat on net interest income and announced a spare of share buybacks.

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On this episode of Stock Movers:

- Investors led by BlackRock (BLK)'s Global Infrastructure Partners agreed to buy Aligned Data Centers in a $40 billion deal, one of the asset manager’s largest infrastructure investments ever that comes as Wall Street races to claim a stake in the artificial-intelligence boom. MGX, an AI investment company established by sovereign wealth fund Mubadala Investment Co., will invest alongside GIP, according to a statement Wednesday that confirmed an earlier Bloomberg News report. The buyers are purchasing the company from Macquarie Asset Management, which made its first investment in Aligned in April 2018. Shares rose as much as 2% intraday before paring gains.

- Stellantis (STLA) vowed to invest $13 billion in the US over the next four years as the maker of Jeep SUVs and Ram trucks seeks to reinvigorate its business in the critical market and mitigate tariff costs. The plan marks the troubled automaker’s most ambitious attempt yet to rebuild its battered business in the US, where it’s lost market share in part due to an aging product lineup. Shares closed higher.

- PNC (PNC)'s more-expensive commercial deposits grew faster in the third quarter, a drag on the net interest margin that pushed the bank further from its year-end goal. That was “a step in the wrong direction” as the Pittsburgh-based company has said it aims to reach a NIM closer to 3% by the end of the year, John McDonald, an analyst at Truist Financial Corp., wrote in a note. Shares of the company sank 4.1% at 10:30 a.m. in New York, the biggest intraday decline in more than six months. That pushed this year’s decline to 5.6%.

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Matt Miller, Katie Greifeld, David Gura and Carol Massar.

On this episode of Stock Movers:

- United Airlines (UAL) is rising in the afterhours after after reporting better-than-expected earnings for the third quarter. The company expects brand-loyal flyers and demand for its premium seats to drive profit through the end of the year, maintaining momentum.

- Bank of America (BAC) closed higher after reporting earnings. It reported trading revenue excluding DVA for the third quarter that beat the average analyst estimate. Net interest income also came in $15.23 billion compared to the estimate of $15.03 billion.

- Northrop Grumman (NOC) and Lockheed Martin (LMT) were two of the defense stocks that fell Wednesday after Treasury Secretary Scott Bessent said the US might ask defense companies to do less buybacks. Northrop Grumman is the most in four months on the news.

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On this episode of Stock Movers:
- BlackRock (BLK) shares rise after investors led by BlackRock Inc.’s Global Infrastructure Partners agreed to buy Aligned Data Centers in a $40 billion deal, one of the asset manager’s largest infrastructure investments ever that comes as Wall Street races to claim a stake in the artificial-intelligence boom.
- Stellantis (STLA) shares gain after the company vowed to invest $13 billion in the US over the next four years as the maker of Jeep SUVs and Ram trucks seeks to reinvigorate its business in the critical market and mitigate tariff costs.
- Morgan Stanley (MS) shares jump after the firm's stock traders soared past expectations in the third quarter, topping all of its largest rivals as US President Donald Trump’s policies kept markets on edge throughout the period. Shares of the company jumped the most in more than six months.

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On this episode of Stock Movers:
- Dollar Tree (DLTR) shares jump after the retailer projected earnings per share to gain at a compound rate of as much as 15% over the next three years. The company said earnings per share is expected to grow by a “high-teens percentage” in fiscal 2026 due to cost benefits.
- Papa John’s (PZZA) international shares jumped on Wednesday as Reuters reported Apollo Global Management submitted a bid within the last week to take the pizza chain operator private at $64 per share.
- Grindr (GRND) shares gain after the company said its largest shareholders are exploring an acquisition that would take the company private at no less than $15 a share, confirming an earlier media report. James Lu and Raymond Zage, who together own more than 60% of the company, have “engaged financial and legal advisers” to explore the possibility of taking the LGBT-focused dating app company private, primarily through debt financing, according to a regulatory filing published Tuesday.

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- Bank of America (BAC) is after reporting earnings. It reported trading revenue excluding DVA for the third quarter that beat the average analyst estimate. Net interest income also came in $15.23 billion compared to the estimate of $15.03 billion
- Morgan Stanley (MS) are rising after stock traders surpassed expectations in the third quarter, topping rivals on the surge in trading activity as US President Donald Trump's policies kept markets on edge throughout the period. Revenue from trading stocks surged to $4.12 billion in the third quarter, according to a statement, and the firm's results also got a boost from better-than-expected investment-banking fees.
- Papa John's (PZZA) is higher as Reuters reports Apollo Global Management submitted a bid within the last week to take the pizza chain operator private at $64 per share.
- Grindr (GRND) shares are higher after it said its largest shareholders are exploring an acquisition that would take the company private at no less than $15 a share. Grindr has established a special committee to assess offers if a firm plan is presented to the company, and is focused on executing its three-year plan.

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On this episode of Stock Movers:
- Bank of America (BAC) is after reporting earnings. It reported trading revenue excluding DVA for the third quarter that beat the average analyst estimate. Net interest income also came in $15.23 billion compared to the estimate of $15.03 billion
- Nvidia (NVDA) shares are up on news that Nscale has agreed to build a site for Microsoft in Texas, with a capacity of as much as 240 megawatts of power. The site will deploy around 104,000 new Nvidia chips, the GB300, and is set to open in the third quarter of 2026.
- Dollar Tree (DLTR) shares are down as sales slowed after the US discount retailer raised prices to offset President Donald Trump’s import tariffs.
- Papa John's (PZZA) is higher as Reuters reports Apollo Global Management submitted a bid within the last week to take the pizza chain operator private at $64 per share.

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On this episode of Stock Movers:
- LVMH shares continue to surge after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing.
- PageGroup - the FTSE-250 listed recruitment company - posted a milder drop in gross profit in the third quarter compared to what was seen in the first half.
- RENK Group slid after Citi analyst Charles Armitage cut the recommendation on the company to sell from neutral.

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On this episode of Stock Movers:
- LVMH shares surged after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing.
- Dutch chip equipment maker ASML has reported orders of 5.4 billion euros for the third quarter, which is half a billion more than analysts had forecast.
- Stellantis plans to invest $13 billion in the US over the next four years as the maker of Jeep SUVs and Ram trucks seeks to reinvigorate its business in the critical market and mitigate tariff costs.

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On this episode of Stock Movers:

- Wells Fargo (WF) shares soared after the firm laid out its first major update of a mid-term profitability target since regulators lifted an asset cap for the bank.The stock climbed to close 7.1% higher Tuesday, its biggest daily gain since last Nov. 6, when Donald Trump’s election win boosted financial stocks with expectations the president would ease regulation and juice the economy with his agenda.

- Walmart (WMT) is teaming up with OpenAI to enable shoppers to browse and purchase its products on ChatGPT, the retailer’s latest push to incorporate artificial intelligence. Users will be able to shop Walmart’s assortment directly on ChatGPT by clicking a “buy” button, Daniel Danker, Walmart’s executive vice president of AI, product and design, said in an interview. The catalog includes apparel, entertainment, packaged food and other products from Walmart and its Sam’s Club chain. Shares rose 5% on Tuesday, closing at a record high. 

- Atai Life Sciences (ATAI) shares rose 11% in trading today along with stocks in several psychedelic medicine companies after a Republican state senator in North Carolina said at an event that his state could "lead the nation" in expanding military veterans' access to mental health drugs. “We have the people that are here and the retirees that are here that—if we can figure out how to establish it—we can lead the nation in this concept” said GOP State Senator Bob Brinson. “It’s a matter of figuring out how.”

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Matt Miller, Katie Greifeld, Isabelle Lee and Carol Massar.

On this episode of Stock Movers:

- Wells Fargo (WFC) closed higher, soaring in their biggest gain since Trump's election win. The bank raised a key profitability metric, aiming to achieve return on tangible common equity of 17% to 18% in the medium term. The lender reported net interest income of $11.95 billion in the third quarter, slightly missing analysts' estimates of $12.01 billion.

- Walmart (WMT) shares rose on news that the retailer is teaming up with OpenAI to enable shoppers to browse and purchase its products on ChatGPT. Users will be able to shop Walmart's assortment directly on ChatGPT by clicking a "buy" button, with the catalog including apparel, entertainment, packaged food and other products.

- Fannie Mae (FNMA) and Freddie Mac (FMCC) had four straight days of losses. Bloomberg Intelligence analyst Ben Elliott says Fannie and Freddie investors are finally starting to see dilution risks. He notes a recent social media post by Federal Housing Finance Agency (FHFA) Director Bill Pulte urging investors to fully grasp the risks the companies outline in their 10-K filings — including that ending the conservatorships could significantly dilute or even wipe out the value of common and junior preferred stock.

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On this episode of Stock Movers:

- General Motors (GM) shares are up after news that the automaker is incurring $1.6 billion in charges tied to its pullback from electric vehicles due to US policy changes.

- Domino’s Pizza (DPZ) shares rise after the company posted better-than-expected quarterly results, fueled by demand for promotions and stuffed crust pizza. Domino’s stronger results reflect growing customer demand driven by its recent promotions, stuffed crust offering, and steady delivery momentum. 

- Polaris (PII) after the recreational vehicle maker said it would separate Indian Motorcycle from its portfolio and sell a majority stake to Carolwood LP. Polaris also gave preliminary results for its third quarter that included a surprise adjusted EPS projection.

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On this episode of Stock Movers:

- JPMorgan (JPM) is after reporting earnings. The big bank boosted its net interest income forecast for the full year and beat most estimates, but it is lower after showing slightly higher provision for credit losses than the market was expecting at $3.4 billion, compared to a consensus estimate of $3.08 billion.

- Wells Fargo (WFC) shares are higher after it raised a key profitability metric, aiming to achieve return on tangible common equity of 17% to 18% in the medium term. The lender reported net interest income of $11.95 billion in the third quarter, slightly missing analysts' estimates of $12.01 billion.

- Goldman Sachs (GS) shares are higher after it posted record third-quarter revenues as a resurgence in dealmaking pushed its investment banking haul past expectations. Global deal values topped $1 trillion in a third quarter for only the second time on record, helped by a slew of headline-grabbing transactions.

- Citi (C) jumped after it reported FICC sales & trading revenue for the third quarter that beat the average analyst estimate. 3Q Equities Sales & Trading Revenue came in at $1.54B, beating $1.33B estimates.

- Domino's (DPZ) share are rising after the company posted better-than-expected quarterly results, fueled by demand for promotions and stuffed crust pizza. The company’s stronger results reflect growing customer demand driven by its recent promotions, stuffed crust offering, and steady delivery momentum, including its “best-deal-ever” campaign and partnership with DoorDash.
Eric Mollo

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On this episode of Stock Movers:
- JPMorgan (JPM) is after reporting earnings. The big bank boosted its net interest income forecast for the full year and beat most estimates, but it is lower after showing slightly higher provision for credit losses than the market was expecting at $3.4 billion, compared to a consensus estimate of $3.08 billion.
- Wells Fargo (WFC) shares are higher after it raised a key profitability metric, aiming to achieve return on tangible common equity of 17% to 18% in the medium term. The lender reported net interest income of $11.95 billion in the third quarter, slightly missing analysts' estimates of $12.01 billion.
- General Motors (GM) shares are lower after it filed an 8-K showing it will incur a $1.6 billion charge related to shifting electric-vehicle production plans, underscoring the toll on US carmakers from uneven demand and flagging federal support for plug-in vehicles. The charges include a non-cash impairment and other charges of $1.2 billion as a result of adjustments to EV capacity, GM said Tuesday in a regulatory filing.
- Domino's (DPZ) share are rising after the company posted better-than-expected quarterly results, fueled by demand for promotions and stuffed crust pizza. The company’s stronger results reflect growing customer demand driven by its recent promotions, stuffed crust offering, and steady delivery momentum, including its “best-deal-ever” campaign and partnership with DoorDash.

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On this episode of Stock Movers:
- Fevertree Drinks jumps as much as 5.7% after being upgraded at Jefferies, with analysts pointing to a “more refreshing growth story” as they predict better margins and higher cash returns going forward.
- Bellway shares rise as much as 6.2%, the most in four months, as the housebuilder leaves guidance broadly unchanged and unveils a £150m share buyback program.
-Ericsson shares jump as much as 11%, the most since April, after the Swedish telecommunications group beat estimates.

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On this episode of Stock Movers:
- Ericsson shares jump as much as 11%, the most since April, after the Swedish telecommunications group beat estimates.n
_ EasyJet shares jump as much as 11%, the most since January 2023, after a report that Mediterranean Shipping Company is considering making an offer for the budget airline, in partnership with an investment firm.
- Michelin shares fell after the tiremaker lowered its financial guidance for the year following a bigger-than-expected sales slump in North America.

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On this episode of Stock Movers:

- Papa John's (PZZA) shares rose as much as 23%, the most intraday since March 2020, after StreetInsider reported that the pizza restaurant operator received a $64 per share bid from Apollo Global Management.

- Las Vegas Sands (LVS) along with Melco and Wynn Resorts all were trading lower as the latest Macau casino industry data painted a gloomy picture.

- Broadcom (AVGO) shares lurched higher after OpenAI agreed to buy the company’s custom chips and networking equipment in a multiyear deal, part of an ambitious plan by the startup to add artificial intelligence infrastructure. As part of the pact, OpenAI will design the hardware and work with Broadcom to develop it, according to a joint statement on Monday. The plan is to add 10 gigawatts’ worth of AI data center capacity, with the companies beginning to deploy racks of servers containing the gear in the second half of 2026.

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Matt Miller, Katie Greifeld, Bailey Lipschultz and Carol Massar.

On this episode of Stock Movers:

- Broadcom (AVGO) shares jumped almost 10% today after OpenAI agreed to buy the company’s custom chips and networking equipment in a multiyear deal, part of an ambitious plan by the startup to add artificial intelligence infrastructure.

- Warner Brothers (WBD) closed 3.98% higher after it rebuffed Paramount Skydance's initial takeover approach for being too low, according to people familiar with the matter. Paramount has several options in its pursuit of Warner Bros., including boosting its bid, going directly to shareholders or finding additional backing through a financial partner.

- Fastenal (FAST) closed lower, with the biggest drop since 2020. The stock was the worst performer in the S&P today after reporting third quarter earnings per share and operating income that were slightly below expectations.

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On this episode of Stock Movers:

- Broadcom (AVGO) shares jumped after OpenAI agreed to buy the company’s custom chips and networking equipment in a multiyear deal, part of an ambitious plan by the startup to add artificial intelligence infrastructure.

- Keurig Dr Pepper (KDP) jumped on Monday after the Financial Times reported that Starboard Value had built a stake in the beverage company. 

- JPMorgan Chase & Co. (JPM) vowed to funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — an initiative that will invest billions of dollars in companies and hire bankers and other professionals.

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On this episode of Stock Movers:
- Disney (DIS) shares jump after Taylor Swift said she will have new content that will premiere on Disney+ in December, according to a post on X. “The Eras Tour|The Final Show featuring the entire Tortured Poets Department set and the first two episodes of The End of an Era, a 6-episode behind-the-scenes docuseries” will premiere December 12 on Disney+.
- Beyond Meat (BYND) shares plummet after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders. Based on the latest results, the company said it’s expected to issue 316 million new shares. The plan, which was disclosed in September and drove down the shares, aims to reduce leverage.
- Broadcom (AVGO) shares rise after OpenAI signed a multiyear agreement with Broadcom Inc. to collaborate on custom chips and networking equipment. The plan is to add 10 gigawatts’ worth of AI data center capacity, with the companies beginning to deploy racks of servers containing the gear in the second half of 2026.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares rise after Treasury Secretary Scott Bessent was asked on Fox Business whether there were ever discussions of the US government taking a stake in Nvidia; he said he was not part of any such talks. He did say Nvidia is the most valuable company in the world, with “incredible” management.
- Intel (INTC) shares rise after Bank of America downgraded the stock to underperform from neutral, saying it has gone “too far, too fast” and the company has yet to lay out a “discernible AI strategy”
- AMD (AMD) shares are up after the company was raised to outperform from neutral at KGI Securities, price $260, implies a 21% increase from last price. Mizuho raised the target price on AMD to $275 from $205, which implies a 28% increase from the last price.

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On this episode of Stock Movers:
- Warner Bros. (WBD) shares are moving higher after it rebuffed Paramount Skydance Corp.'s initial takeover approach for being too low, according to people familiar with the matter. Paramount has several options in its pursuit of Warner Bros., including boosting its bid, going directly to shareholders or finding additional backing through a financial partner.
- Estee Lauder (EL) shares are rising as Goldman Sachs analyst Bonnie Herzog raised the recommendation on Estee Lauder Cos. Class A to buy from neutral. The price target is set to $115, implying a 31% increase from last price.
- StubHub (STUB) is rising. It received several bullish initiations after its Sept. 17 IPO, with analysts expecting the company to further leverage its dominant position as it enters the lucrative primary ticketing market, with boosts from advertising as well as large events such as the soccer World Cup in the US in 2026.
- Beyond Meat (BYND) is plummeting this morning after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders.

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On this episode of Stock Movers:
- Nvidia (NVDA) leads gains in the Magnificent Seven cohort of tech stocks in Monday premarket trading, rebounding from Friday’s selloff, after President Donald Trump signaled openness to a deal with China to quell fresh trade tensions.
- USA Rare Earth (USAR) and other rare earth miners are climbing following strong gains among Asian peers, as fresh tensions between Beijing and Washington over China’s exports of the critical minerals fueled bets on alternative suppliers.
- Warner Bros. (WBD) shares are moving after it rebuffed Paramount Skydance Corp.'s initial takeover approach for being too low, according to people familiar with the matter. Paramount has several options in its pursuit of Warner Bros., including boosting its bid, going directly to shareholders or finding additional backing through a financial partner.
- Estee Lauder (EL) shares are rising as Goldman Sachs analyst Bonnie Herzog raised the recommendation on Estee Lauder Cos. Class A to buy from neutral. The price target is set to $115, implying a 31% increase from last price.
- StubHub (STUB) is rising. It received several bullish initiations after its Sept. 17 IPO, with analysts expecting the company to further leverage its dominant position as it enters the lucrative primary ticketing market, with boosts from advertising as well as large events such as the soccer World Cup in the US in 2026.

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On this episode of Stock Movers:
- LLoyds is up despite saying it intends to set aside an extra £800m in compensation for motor finance claims.
- Big Yellow Group shares have jumped on reports that Blackstone is weighing a bid for the UK self-storage firm.
_ AstraZeneca is down on in its initial rebound after a deal with the Trump administration to lower drug prices in the US in exchange for tariff relief.

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On this episode of Stock Movers:
- Fresnillo gained on gold and silver's record highs as HSBC analysts raised its recommendation to hold from reduce.
_ AstraZeneca rebound following a deal with the Trump administration to lower drug prices in the US in exchange for tariff relief.
- Nexans drops after the cable manufacturer announced a change in CEO, which JPMorgan says comes as a surprise.

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On this episode of Stock Movers, we take a look at some of this past week's biggest gainers and decliners:

• Applied Digital (APLD) soared to their highest since 2004 after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
• FedEx (FDX) ends the week lower as the sector faces woes including slowing truckload growth, and concerns from Morgan analyst Brian Ossenbeck that a perception of weakened price discipline among less-than-truckload carriers justifies lower multiples across that group of companies.
• MP Materials (MP) rose almost 10% after a China curb on exports of the minerals fueled bets that the American industry will benefit — and potentially spur additional investments from the federal government.

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On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Emily Graffeo.

- MP Materials (MP) saw shares rise on a day where stocks fell sharply across sectors following President Donald Trump threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week. The trade jitters sent investors rushing into companies like the rare Earth producer. MP Materials saw shares rise to its highest levels since August 11.

- Levi Strauss & Co. raised its full-year outlook, but warned that tariffs are starting to bite. "We have started feeling the impact of tariffs” in the third quarter, Chief Financial Officer Harmit Singh said in an interview. Despite this, Levi’s profitability, as measured by gross margin, improved. The company said that gross margin was bolstered by higher prices and a larger volume of sales through more profitable channels. Levi continues to expect tariffs of 30% in China, but increased its expectation to 20% for the rest of the world, up from the 10% it projected a quarter earlier.  Levi fell in New York on Friday. The stock has climbed 42% this year through Thursday’s close. 

- Venture Global shares fell as much as 23% on Friday, the most since March, after the liquefied natural gas company lost a dispute with BP Plc involving the sale of LNG cargoes from a Louisiana facility on the spot market rather than to customers with long-term contracts. Analysts were surprised by the result and view it as a negative with a potential impact of over $1 billion for Venture Global.

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On this episode of Stock Movers:

- MP Materials (MP) saw shares rise on a day where stocks fell sharply across sectors following President Donald Trump threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week. The trade jitters sent investors rushing into companies like the rare Earth producer. MP Materials saw shares rise to its highest levels since August 11.

- Applied Digital (APLD) shares rallied after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.

- Levi (LEVI) raised its full-year outlook, but warned that tariffs are starting to bite.  “We have started feeling the impact of tariffs” in the third quarter, Chief Financial Officer Harmit Singh said in an interview. Despite this, Levi’s profitability, as measured by gross margin, improved. The company said that gross margin was bolstered by higher prices and a larger volume of sales through more profitable channels. Levi continues to expect tariffs of 30% in China, but increased its expectation to 20% for the rest of the world, up from the 10% it projected a quarter earlier. Levi shares fell in New York on Friday. The stock has climbed 42% this year through Thursday’s close. 

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On this episode of Stock Movers:
- Applied Digital (APLD) shares rise after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- Levi (LEVI) shares fall after the company raised its full-year outlook, but warned that tariffs are starting to bite. The company said that gross margin was bolstered by higher prices and a larger volume of sales through more profitable channels. Levi continues to expect tariffs of 30% in China, but increased its expectation to 20% for the rest of the world, up from the 10% it projected a quarter earlier.
- Mosaic (MOS) shares drop after the fertilizer company said that third-quarter phosphate production fell below what management expected, citing mechanical issues at one plant and utility interruptions at another. Preliminary sales volumes for phosphates fell short of what analysts expected.

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On this episode of Stock Movers:
- Qualcomm (QCOM) shares fall after China slapped new port fees on US ships and started an antitrust investigation into the company. It's the latest in a string of tit-for-tat moves as Presidents Xi Jinping and Donald Trump jockey for leverage before a key meeting to discuss trade and other issues.
- Mosaic (MOS) shares drop after the fertilizer company said that third-quarter phosphate production fell below what management expected, citing mechanical issues at one plant and utility interruptions at another. Preliminary sales volumes for phosphates fell short of what analysts expected.
- Levi (LEVI) shares are down after the company raised its full-year outlook, but warned that tariffs are starting to bite. The company said that gross margin was bolstered by higher prices and a larger volume of sales through more profitable channels. Levi continues to expect tariffs of 30% in China, but increased its expectation to 20% for the rest of the world, up from the 10% it projected a quarter earlier.

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On this episode of Stock Movers:
- Qualcomm (QCOM) is lower on news China is probing Qualcomm for suspected violation of the anti-monopoly law, according to a statement from the State Administration for Market Regulation. Qualcomm failed to meet China’s anti-monopoly requirement of reporting acquisition of Autotalks, a direct vehicle-to-everything communication solutions provider, to the regulator, the statement says.
- Applied Digital (APLD) is higher after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- Levi (LEVI) shares are lower. It raised its full-year outlook, but warned that tariffs are starting to bite. The company's gross margin improved due to higher prices and a larger volume of sales through more profitable channels.

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On this episode of Stock Movers:
- Qualcomm (QCOM) is lower on news China is probing Qualcomm for suspected violation of the anti-monopoly law, according to a statement from the State Administration for Market Regulation. Qualcomm failed to meet China’s anti-monopoly requirement of reporting acquisition of Autotalks, a direct vehicle-to-everything communication solutions provider, to the regulator, the statement says.
- Applied Digital (APLD) is higher after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- Levi (LEVI) shares are lower. It raised its full-year outlook, but warned that tariffs are starting to bite. The company's gross margin improved due to higher prices and a larger volume of sales through more profitable channels.
- Critical Metals (CRML) is rising again on speculation of a US equity stake.

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On this episode of Stock Movers:
- Stellantis gained after saying its third quarter shipments rose 13% on surging sales in North America, pointing to a recovery for the carmaker in the US market.
- Jyske shares gained to a fresh record high after the Danish lender upgraded its full year outlook and the new guidance range beat the average analyst estimate.
- Mycronic fell after Bank of America initiated coverage on the Swedish electronics manufacturing equipment maker with an underperform rating, saying Chinese demand for display mask writers has peaked.

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- Stellantis gained after saying its third quarter shipments rose 13% on surging sales in North America, pointing to a recovery for the carmaker in the US market.
- Fresnillo declined following a fallback in gold and silver indexes. The retreat was preceded by record rallies for the precious metals.
- Hays shares rose after it posted a drop in net fees that was in-line with guidance. The recruiter expects business to remain challenging in 2026 as the UK labor market struggles to rebound, despite signals of marginal recovery.

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On this episode of Stock Movers: 

- PulteGroup (PHM) sinks after a CFRA analyst downgraded the company calling it "overvalued." The rout comes during a tough week for homebuilder stocks as resident Donald Trump and Federal Housing Finance Agency Director Bill Pulte issue as series of social posts aimed at homebuilders and Fannie Mae and Freddie Mac. 

- Delta (DAL) stocks flew higher as the company reported a better-than-expected earnings for the third quarter, and predicted strong demand into next year.

- Pepsi (PEP) shares rise on an earnings beat, as the CEO said the company is working  to cut costs and overhaul its portfolio to meet consumers’ shifting tastes, while it engages in discussions with an activist investor

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On this episode of Stock Movers:
- Delta (DAL) shares rise after the carrier updated its adjusted earnings per share forecast for the full year, with the new guidance beating the average analyst estimate.
- PepsiCo (PEP) shares rise after news that the company is working to cut costs and overhaul its portfolio to meet consumers’ shifting tastes, while it engages in discussions with an activist investor.
- Ferrari (RACE) shares plunge after the carmaker issued cautious forecasts that disappointed investors, marring a coming-out party for the company’s first electric vehicle.

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On this episode of Stock Movers:
- Delta (DAL) shares rise after the carrier updated its adjusted earnings per share forecast for the full year, with the new guidance beating the average analyst estimate.
- Novo Nordisk shares (NVO) fall after the company agreed to buy Akero Therapeutics Inc. for as much as $5.2 billion to expand its portfolio in a type of liver disease linked to obesity.
- MP Materials (MP) shares rise after China tightened its control over critical minerals used to make high-tech products including electric vehicles and jet fighters, the Wall Street Journal reported.

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On this episode of Stock Movers:
- Delta (DAL) is popping after it reported better-than-expected earnings for the third quarter, helped by leisure travelers and a rebound in corporate travel. The carrier predicted continued strong demand into next year, with full-year EPS expected to be about $6, ahead of the analyst consensus.
- PepsiCo (PEP) is up despite reporting organic revenue growth for the third quarter that missed estimates as US shoppers purchase fewer processed snacks and sugary sodas. The food and beverage company, which owns the Lay’s, Gatorade and Quaker brands, reported organic revenue growth of 1.3%, below what analysts polled by Bloomberg expected.
- Ferrari (RACE) shares posted their biggest intraday drop since 2016 after a cautious forecast at its investor day disappointed investors. The company raised its forecast for profit and revenue slightly for this year and issued longer-term guidance for 2030, with net revenue this year forecast to equal or exceed €7.1 billion.

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On this episode of Stock Movers:
- Delta (DAL) is popping after it reported better-than-expected earnings for the third quarter, helped by leisure travelers and a rebound in corporate travel. The carrier predicted continued strong demand into next year, with full-year EPS expected to be about $6, ahead of the analyst consensus.
- PepsiCo (PEP) is up despite reporting organic revenue growth for the third quarter that missed estimates as US shoppers purchase fewer processed snacks and sugary sodas. The food and beverage company, which owns the Lay’s, Gatorade and Quaker brands, reported organic revenue growth of 1.3%, below what analysts polled by Bloomberg expected.
- Costco (COST) is higher after the warehouse club reported comparable sales growth that beat analyst estimates for September, helped by a rise in both foot traffic and amount spent per customer.
- Ferrari (RACE) shares posted their biggest intraday drop since 2016 after a cautious forecast at its investor day disappointed investors. The company raised its forecast for profit and revenue slightly for this year and issued longer-term guidance for 2030, with net revenue this year forecast to equal or exceed €7.1 billion.

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On this episode of Stock Movers:
- Lloyds Banking Group shares drop as much as 3.9%, the most in six weeks, after the lender said it will likely have to set aside an additional — and potentially material — provision to compensate customers who were missold car loans.
- Ottobock shares rose in the prosthetics firm’s debut trading session in Frankfurt on Thursday, after the biggest initial public offering in Germany in more than a year.
- Ferrari offered a glimpse of its first electric car, teasing key performance benchmarks of the Elettrica as it starts to unwrap the model ahead of deliveries in late 2026. Ferrari said all-electric models will make up about 20% of its lineup by 2030, halving a goal set in 2022, while hybrids remain 40% of the mix and combustion powertrains make up 40%.

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On this episode of Stock Movers:
- HSBC shares slump in Hong Kong after it announced a privatization plan for Hang Seng Bank that will mean a cut in its CET1 ratio and a pause in share buybacks.
- UK homebuilders may be in focus as estate agents become pessimistic for the first time in two years, according to a survey that shows the housing market continues to lose momentum amid fears of tax rises and concern about the economic outlook.Taylor Wimpey's completions may rise just 1% to 11,150 in 2026, lagging consensus for 4% growth. That could drag pretax profit 6% lower than Oct. 3 estimates for £460 million, based on our scenario. Softening UK reservations and orders and depleted outlets are major drags, contrasting with Persimmon, which leads peers in pipeline growth.
- Lloyds Banking Group shares drop as much as 3.9%, the most in six weeks, after the lender said it will likely have to set aside an additional — and potentially material — provision to compensate customers who were missold car loans.

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On this episode of Stock Movers:

- AMD (AMD) shares rallied on Wednesday, extending gains in the wake of a chip sale agreement with OpenAI to more than 40% over a three-day winning streak. AMD rose as much as 11% on Wednesday on volume nearly twice the daily average over the past three months; that followed a gain of nearly 4% on Tuesday and 24% on Monday, when the deal was announced

- Jeffries (JEF) shares fell as as asset manager controlled by a unit of the firm sank nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands. Point Bonita Capital’s portfolio has about $715 million invested in receivables due by First Brands’ customers including Walmart Inc. and AutoZone Inc., with the auto-parts supplier responsible for directing payments to Point Bonita, Jefferies said in a statement. Problems with the receivables emerged on Sept. 15 as the company stopped making these payments.

- Fair Isaac (FICO) saw its shares tumbled the most intraday since August 1 after Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Norah Mulinda and Kristine Aquino.

On this episode of Stock Movers:

- AST Spacemobile (ASTS) shares climbed to their highest level on record after the telecommunications firm said it signed an agreement with Verizon to provide direct-to-cellular connectivity when needed for customers starting in 2026. William Blair says the Verizon deal is a “competitive win” over SpaceX’s Starlink.

- Advanced Micro Devices (AMD) shares posted their best three-day gain in nine years, closing 11% higher today. The stock extended gains in the wake of a chip sale agreement with OpenAI to more than 40% over a three-day winning streak. AMD's deal with OpenAI gives the chipmaker a chance to challenge Nvidia in the AI computing industry.

 - Fair Isaac (FICO) tumbled as much as 9.82% on Wednesday after rival Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

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On this episode of Stock Movers:

- Advanced Micro Devices (AMD) shares rallied on Wednesday, extending gains in the wake of a chip sale agreement with OpenAI to more than 40% over a three-day winning streak. AMD's deal with OpenAI gives the chipmaker a chance to challenge Nvidia in the AI computing industry.

- Dell (DELL) shares rose after the announcement that the company roughly doubled its growth estimates for sales and profit for the next two years, citing demand for artificial intelligence products. Dell's "long-term financial framework" calls for sales to rise at a rate of 7% to 9% annually for the next four years, while earnings per share will increase 15% or more. Dell said that they also plan to release new products and focus on restoring growth and profitability to the consumer PC business.

 - Fair Isaac (FICO) tumbled as much as 5.6% Wednesday, the most intraday since Aug. 1, after rival Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- AST SpaceMobile (ASTS) shares climb to their highest level on record after the telecommunications firm said it signed an agreement with Verizon to provide direct-to-cellular connectivity when needed for customers starting in 2026. William Blair says the Verizon deal is a “competitive win” over SpaceX’s Starlink.
- Elf Beauty (ELF) shares gain after Morgan Stanley lifted its price target on the cosmetics company to a Street high. Analyst Dara Mohsenian (overweight) says visibility is building on his above-consensus FY27 view, highlighting “solid” US scanner data for Elf’s base business and a “very strong” launch for the Rhode brand at Sephora.
- Air Isaac (FICO) shares tumble the most intraday since Aug. 1, after Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

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On this episode of Stock Movers:
- Intel (INTC) shares drop after the company was downgraded to reduce from hold at HSBC, which writes that recent deal-related strength in the stock is “not sustainable.”
- FedEx (FDX) shares fall after JPMorgan analyst Brian Ossenbeck cut the recommendation on the parcel carrier to neutral from overweight, writing that a perception of weakened price discipline among less-than-truckload carriers justifies lower multiples across that group of companies.
- Oracle (ORCL) shares gain as analysts remain optimistic about the company in the wake of a report about margins at its cloud-computing business. Firms continue to see strong tailwinds related to AI.

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On this episode of Stock Movers:
- Confluent (CFLT) shares soared as Reuters reports that the data infrastructure company is exploring a sale after receiving acquisition interest. The firm has engaged an investment bank to manage the process, Reuters reports, citing people it didn’t identify. No deal is guaranteed
- Jeffries (JEF) shares slipped on news it said it has $161 million of exposure to funds that held trade receivables and loans of bankrupt auto-parts supplier First Brands Group. The exposure is mostly through Point Bonita Capital, a division of its Leucadia Asset Management, which manages trade-finance assets on behalf of third-party institutional and other investors. Leucadia has a $113 million equity stake in the fund, according to a statement.
- BMW (BMWKY) is the worst performing stock in Europe this morning after the company lowered its financial guidance due to weak sales in China and tariff costs. The company now sees pretax group earnings slightly lower in 2025 compared to last year and slashed its projection for automotive free cash flow.

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On this episode of Stock Movers:
- Confluent (CFLT) shares soared as Reuters reports that the data infrastructure company is exploring a sale after receiving acquisition interest. The firm has engaged an investment bank to manage the process, Reuters reports, citing people it didn’t identify. No deal is guaranteed
- IREN Ltd. (IREN) is falling after a source said it is offering a conversion premium of 30% to 35% on its $875 million offering of zero coupon bonds due 2031, according to a person familiar with the matter. AI and Bitcoin data center developer, owner and operator is marketing offering for one day, pricing the deal late Wednesday, the person said, asking not to be identified as the information isn’t public.
- US Rare Earth Inc. (USAR) jumped amid a recent report that that the company is in close communication with the Trump administration, when asked whether the company would be open to a deal with the US government. The Trump administration has already taken stakes in rare earths company MP Materials and miner Lithium Americas.
- BMW (BMWKY) is the worst performing stock in Europe this morning after the company lowered its financial guidance due to weak sales in China and tariff costs. The company now sees pretax group earnings slightly lower in 2025 compared to last year and slashed its projection for automotive free cash flow.

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On this episode of Stock Movers:
- Security services group Verisure’s shares rallied in its trading debut, after the initial public offering raised about €3.2 billion ($3.72 billion) in the largest European debut in three years.
- Close Brothers shares rise as much as 10%, while Lloyds gains as much as 3.2%, after the UK’s Financial Conduct Authority provided a lower than previously expected estimate for the compensation auto lenders may have to pay customers who were missold car loans.
- ABB shares rise as much as 3.3%, to a record high, after the Swiss industrials firm agreed to divest its robotics division to SoftBank Group for an enterprise value of $5.4 billion, abandoning an earlier intention to spin off the business

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