Stock Movers

On this episode of Stock Movers:
- BMW declines as much as 5.2% after cutting its guidance for the full year due to weak volume growth in China and costs related to the implementation of tariffs.
- ArcelorMittal is placed on a 30-day upside catalyst watch at Citi, with defense measures for the European steel industry potentially “around the corner.”
- ASML shares fall 7.1% after US probe into China exports

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On this episode of Stock Movers:

- Tesla (TSLA) introduced new versions of its top-selling models priced at under $40,000, making its main vehicles more affordable to counteract the loss of US incentives for electric cars. The new standard versions of the Model 3 sedan and Model Y sport utility vehicle start at $36,990 and $39,990, Tesla’s website shows. Those starting prices are about 13% and 11% cheaper, respectively, than premium longer-range versions of each model.Tesla shares fell 4.4% on Tuesday, giving up much of Monday’s gain stoked by social media posts from the company. The stock has risen more than 7% this year.

- Ford (F) faces months of disruptions to its business after a major fire at an aluminum plant in New York, the Wall Street Journal reported.The company will probably outline the fallout from the blaze when it announces quarterly earnings this month, the Journal reported, citing people familiar with the matter. Ford is the biggest customer of the plant, which is owned by Atlanta-based Novelis Inc., the newspaper said.

- AppLovin (APP) saw shares drop steeply earlier this week on reports the SEC has been probing its data-collection practices. AppLovin declined to comment, saying it generally doesn’t speak on potential regulatory matters. “We regularly engage with regulators and if we get inquiries we address them in the ordinary course,” the company said by email. “Material developments, if any, would be disclosed through the appropriate public channels.” The SEC didn’t comment. “During the shutdown, the SEC’s public affairs office is not able to respond to many inquiries from the press,” the agency said by email. Today, shares of the mobile advertising tech company gained back some of its loses.

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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, Carol Massar and Tim Stenovec.

On this episode of Stock Movers:

- Trilogy Metals (TMQ) closed with a 211% gain Tuesday as the White House said US will take a 10% stake in the company. BMO analyst Rene Cartier says “The binding letter of intent with the US Department of War highlights a significant milestone in the advancement of exploration and development of the Upper Kobuk Mineral Projects.”

- Advanced Micro Devices (AMD) shares closed 3% higher today, building on yesterday's gains. Jefferies upgraded to buy from hold following the chipmaker’s deal with OpenAI. Analyst Blayne Curtis said “AMD will still have to hit milestones, but this is a strong validation of AMD’s AI roadmap and the level of AI demand in general.”

- Oracle (ORCL) shares fell after a report that the company's profit margin in its cloud computing business is lower than estimated. Oracle generated $900 million in revenue from server rentals, but only $125 million in gross profit, according to internal corporate documents. The company's gross margin has been weighed down by heavy spending on chips and data center capacity, with its overall gross margin at 67.3% in its most recent earnings report.

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On this episode of Stock Movers:

- DR Horton (DHI), Toll Brothers (TOL) and KB Home (KBH) are among homebuilding names downgraded to inline from outperform at Evercore ISI as analyst Stephen Kim cites depressed home-buying sentiment. Shares of the homebuilders fell in Tuesday trading.

- AppLovin (APP) shares fall after news that the Securities and Exchange Commission has been probing AppLovin's data-collection practices, according to people familiar with the matter.

- Oracle (ORCL) shares fell after a report that the company's profit margin in its cloud computing business is lower than estimated. Oracle generated $900 million in revenue from server rentals, but only $125 million in gross profit, according to internal corporate documents. The company's gross margin has been weighed down by heavy spending on chips and data center capacity, with its overall gross margin at 67.3% in its most recent earnings report.

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On this episode of Stock Movers:
- Dell (DELL) shares rise after the company roughly doubled its growth estimates for sales and profit for the next two years, citing demand for artificial intelligence products.
- Intercontinental Exchange (ICE) shares rise on its' plans to invest as much as $2 billion in cash in Polymarket, a crypto-based betting platform. The transaction values Polymarket at roughly $8 billion, and ICE will become a global distributor of Polymarket’s event-driven data.
- Dollar Tree (DLTR) shares fall after Jefferies downgraded the discount retailer to underperform from hold.

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On this episode of Stock Movers:
- Dell (DELL) shares rise after the company roughly doubled its growth estimates for sales and profit for the next two years, citing demand for artificial intelligence products.
- AppLovin (APP) shares fall after news that the Securities and Exchange Commission has been probing AppLovin Corp.'s data-collection practices, according to people familiar with the matter.
- Dollar Tree (DLTR) shares fall after Jefferies downgraded the discount retailer to underperform from hold.

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On this episode of Stock Movers:
- IBM (IBM) shares jumped after the company announced it will integrate Anthropic’s Claude family of LLM’s into its software portfolio, in a newly announced strategic partnership. The partnership integrates Claude into select internal and external development tools and enterprise products and aims to deliver new productivity gains for IBM clients according to a statement.
- Advanced Micro Devices (AMD) shares are higher, set to extend Monday’s 24% rally, as Jefferies upgrades to buy from hold following the chipmaker’s deal with OpenAI. Analyst Blayne Curtis said “AMD will still have to hit milestones, but this is a strong validation of AMD’s AI roadmap and the level of AI demand in general.”
- Trilogy Metals (TMQ) jumped over %200 in premarket trading on Tuesday as the White House said US will take a 10% stake in the company. BMO analyst Rene Cartier says “The binding letter of intent with the US Department of War highlights a significant milestone in the advancement of exploration and development of the Upper Kobuk Mineral Projects.”
- Intercontinental Exchange (ICE) shares are higher after the Wall Street Journal reported that the New York Stock Exchange owner is in talks to invest $2 billion in Polymarket. The deal, which could come as soon as Tuesday, could value Polymarket between $8 billion and $10 billion, the Journal reported citing, people familiar with the matter
- Constellations Brands (STZ) is rising after it reported better-than-expected results for its fiscal second quarter, citing robust beer and wine sales. The company's beer division is outperforming the industry, with success of its recently launched Corona Sunbrew Citrus Cerveza variety. Shares of Constellation Brands rose in premarket trading despite the stock having fallen 37% this year.

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On this episode of Stock Movers:

IBM (IBM) shares jumped after the company announced it will integrate Anthropic’s Claude family of LLM’s into its software portfolio, in a newly announced strategic partnership. The partnership integrates Claude into select internal and external development tools and enterprise products and aims to deliver new productivity gains for IBM clients according to a statement.- Advanced Micro Devices (AMD) shares are higher, set to extend Monday’s 24% rally, as Jefferies upgrades to buy from hold following the chipmaker’s deal with OpenAI. Analyst Blayne Curtis said “AMD will still have to hit milestones, but this is a strong validation of AMD’s AI roadmap and the level of AI demand in general.”
- Trilogy Metals (TMQ) jumped over %200 in premarket trading on Tuesday as the White House said US will take a 10% stake in the company. BMO analyst Rene Cartier says “The binding letter of intent with the US Department of War highlights a significant milestone in the advancement of exploration and development of the Upper Kobuk Mineral Projects.”
- Intercontinental Exchange (ICE) shares are higher after the Wall Street Journal reported that the New York Stock Exchange owner is in talks to invest $2 billion in Polymarket. The deal, which could come as soon as Tuesday, could value Polymarket between $8 billion and $10 billion, the Journal reported citing, people familiar with the matter
- Constellations Brands (STZ) is rising after it reported better-than-expected results for its fiscal second quarter, citing robust beer and wine sales. The company's beer division is outperforming the industry, with success of its recently launched Corona Sunbrew Citrus Cerveza variety. Shares of Constellation Brands rose in premarket trading despite the stock having fallen 37% this year.

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On this episode of Stock Movers:
- B&M European Value Retail shares drop as much as 22%, marking a record drop that has sent shares to an all-time low. CEO Tjeerd Jegen warned operational execution has been “weak” and weighed on first-half performance.
- Shell shares rise as much as 2.3%, the most since July. The company gave an October trading update that analysts saw as upbeat, forecasting higher 3Q integrated gas production and upstream volumes.
- HelloFresh shares drop as much as 7.1%, slipping to their lowest level in almost a month, after the US Department of Agriculture’s Food Safety and Inspection Service issued a public health alert concerning ready-to-eat meals sold by the company.

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On this episode of Stock Movers:
- Morgan Stanley upgraded LVMH to overweight as analysts note that industry insiders are most positive they have been about the luxury sector's medium-term prospects for two to three years
- Imperial Brands shares rise as much as 3.7%, rebounding from a two-month low, after the tobacco company said it will increase its share buyback in FY26.
- B&M European Value Retail shares drop as much as 22%, marking a record drop that has sent shares to an all-time low. CEO Tjeerd Jegen warned operational execution has been “weak” and weighed on first-half performance.

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On this episode of Stock Movers:

- AppLovin (APP) shares slid after reports the Securities and Exchange Commission has been probing the data-collection practices of the mobile advertising tech company. The agency has specifically looked into allegations that AppLovin violated platform partners’ service agreements to push more targeted advertising to consumers. AppLovin declined to comment, saying it generally doesn’t speak on potential regulatory matters.

- Advanced Micro Devices (AMD) soared after the company signed a deal with OpenAI that could generate tens of billions of dollars in new revenue. Barclays and Melius raise their price targets for AMD to a Street-high $300 from $200. 

- Comerica shares ended the day higher after the announcement Fifth Third Bancorp agreed to buy Comerica for about $10.9 billion in stock. The deal will create the ninth-largest bank in the country, with about $288 billion in assets, the two companies said in a statement Monday. 

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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, Carol Massar and Tim Stenovec.

On this episode of Stock Movers:

- Advanced Micro Devices (AMD) triggers an explosive rally after landing a a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry. Shares were up as much as 37% at today's highs, and closed at their highest since March 2024.

- Critical Metals Corp (CRML) shares gained after a report suggesting Washington was considering a position in the rare earths company. Trading paused for volatility after a White House official said Monday that the Trump administration is not currently considering a deal that would see it take a stake in the company.

- Verizon (VZ) shares closed at the worst one-day drop since April as the company concedes it has fallen behind rivals in wireless and broadband service, replaced its chief executive officer of seven years, and appointed a new leader with experience in telecom and financial technology. Dan Schulman, 67, who became lead independent director in December, takes over immediately, Verizon said Monday, with a mandate to revive growth and improve the company’s fortunes. The former CEO of PayPal Holdings Inc., he replaces Hans Vestberg, 60, a former Ericsson AB executive who has led the company since 2018.

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On this episode of Stock Movers:

- Advanced Micro Devices (AMD) triggers an explosive rally after landing a a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry.

- Comerica (CMA) shares rise on news Fifth Third Bancorp agreed to buy the bank for about $10.9 billion in stock, the largest US bank deal this year and a sign that the logjam blocking big mergers in the industry may have broken under the Trump administration’s deregulation efforts.

- Verizon (VZ) shares fall as the company concedes it has fallen behind rivals in wireless and broadband service, replaced its chief executive officer of seven years, appointing a new leader with experience in telecom and financial technology. Dan Schulman, 67, who became lead independent director in December, takes over immediately, Verizon said Monday, with a mandate to revive growth and improve the company’s fortunes. The former CEO of PayPal Holdings Inc., he replaces Hans Vestberg, 60, a former Ericsson AB executive who has led the company since 2018.

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On this episode of Stock Movers:
- AMD (AMD) shares soar after the company signed a deal with OpenAI for AI infrastructure that could generate tens of billions of dollars in new revenue.
- Micron (MU) shares rise after Morgan Stanley upgraded the company to overweight from equal-weight saying the chipmaker is headed for multiple quarters of double-digit price increases.
- Verizon (VZ) shares fall after the company named Dan Schulman chief executive officer, replacing Hans Vestberg effective immediately. Vestberg will stay on through Oct. 4, 2026 to help ensure a smooth transition in leadership, including the integration with Frontier Communications.

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On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares are soaring on news it signed a deal with OpenAI to deploy 6 gigawatts of AMD GPUs over multiple years. AMD has given OpenAI a warrant for up to 160 million shares, which will vest as milestones are achieved, including targets tied to AMD's stock price. The agreement is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI infrastructure buildout. Intel (INTC) and Nvidia (NVDA) dropped on the news.
- Comerica (CMA) is higher while Fifth Third Bancorp (FITB) dropped on news Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, creating the ninth-biggest US bank with about $288 billion in assets. Comerica’s stockholders will receive 1.8663 Fifth Third shares for each Comerica share they hold, or about $82.88 per share based on the Oct. 3 closing price. When the deal is completed, Fifth Third shareholders will own roughly 73% of the combined company.
- Tesla (TSLA) shares are advancing after a cryptic social media post teased a product unveiling. The company managed to pique the interests of investors with a series of social media posts that sent the carmaker’s shares higher in early trading. First, the company posted a video clip of a black hubcap-like object with a Tesla logo spinning before flashing the numbers 10/7, likely referencing a product unveiling on Tuesday. A second post appears to show a car parked in pitch-black darkness, revealing only its headlights.
- Critical Metals Corp (CRML) shares are soaring on news of the US mulling to buy a stake in the company. Shares surged more than 100% in premarket trading on Monday after Reuters reports Trump administration officials have discussed taking a stake in in the metal mining company. If finalized, deal would give US government a direct interest in the largest rare earths project in Greenland, according to the Reuters report.

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On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares are soaring on news it signed a deal with OpenAI to deploy 6 gigawatts of AMD GPUs over multiple years. AMD has given OpenAI a warrant for up to 160 million shares, which will vest as milestones are achieved, including targets tied to AMD's stock price. The agreement is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI infrastructure buildout. Intel (INTC) and Nvidia (NVDA) dropped on the news.
- Comerica (CMA) is higher while Fifth Third Bancorp (FITB) dropped on news Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, creating the ninth-biggest US bank with about $288 billion in assets. Comerica’s stockholders will receive 1.8663 Fifth Third shares for each Comerica share they hold, or about $82.88 per share based on the Oct. 3 closing price. When the deal is completed, Fifth Third shareholders will own roughly 73% of the combined company.
- Critical Metals Corp (CRML) shares are soaring on news of the US mulling to buy a stake in the company. Shares surged more than 100% in premarket trading on Monday after Reuters reports Trump administration officials have discussed taking a stake in in the metal mining company. If finalized, deal would give US government a direct interest in the largest rare earths project in Greenland, according to the Reuters report.

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On this episode of Stock Movers:
- Societe Generale fell as banks in France led the decline following news that Prime Minister Sebastien Lecornu resigned, sparking worries about further political turmoil in the country.
- Hermes was one of the many Paris-listed small- and mid-caps, which are most exposed to the domestic economy, that also dropped following the headlines.
- AstraZeneca shares rose after its drug with Daiichi Sankyo, Datroway, helped breast cancer patients with a particularly hard to treat form of the disease live longer.

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On this episode of Stock Movers:
- Aston Martin Lagonda Global Holdings Plc slumped after paring back its outlook for a second time this year, citing the impact of US tariffs and broader economic challenges holding back demand.
- French stocks including Societe Generale hit a session low as Prime Minister Sebastien Lecornu resigned, sparking worries about further political turmoil in the country.
- Stellantis plans to invest about $10 billion in the US as the troubled maker of Jeep sport-utility vehicles and Ram pickups refocuses on the market that’s pivotal to its profits, people familiar with the situation said.

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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:

- Fair Isaac (FICO) surged after the credit scoring company unveiled new pricing models that will allow mortgage lenders to calculate and distribute FICO Scores directly to borrowers. Lenders currently rely on the three nationwide credit bureaus, TransUnion, Equifax and Experian, to provide FICO scores. Under Fair Isaac's new offerings, lenders can choose to avoid credit bureaus' markup fees, though they would pay Fair Isaac $33 per borrower per score when a FICO-scored loan is closed.

- Carnival (CCL) shares slumped this week following the release of third-quarter earnings. The cruise line's net yields guidance for the fourth quarter trailed some expectations, and comments on cost headwinds in 2026. Still, analysts defended the stock, and see opportunities to offset cost pressures. Shares had been up 23% this year heading into Monday's print.

- Pfizer (PFE) helped lead pharmaceutical stocks to their best week in 23 years as a drug-pricing and tariff deal with the US government helped ease an overhang that’s been weighing on the sector for most of the year. Pfizer spurred the group’s advance on Tuesday when it agreed to slash some of its drug prices for Americans enrolled in the Medicaid insurance program in exchange for a three-year reprieve on import tariffs. The New York-based company also agreed to invest $70 billion in the US as part of an agreement with President Donald Trump.

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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, Carol Massar and Tim Stenovec.
- USA Rare Earth (USAR) shares rose on word 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.
- Rumble (RUM) share rallied after it entered a strategic partnership with Perplexity to develop a new subscription model combining the pro features of each platform.
- Palantir (PLTR)'s stock fell more than 8% on Friday following a report that its battlefield communications system, along with that of defense tech firm Anduril, was seriously flawed — a claim both companies said was out of date and inaccurate. In a statement Friday, Palantir said that issues in the report, published by Reuters, had already been addressed. The report centered on a September Army memo expressing concerns over Anduril’s NGC2 prototype system, which stands for Next Generation Command and Control, and includes subcontractors Palantir and Microsoft Corp. The Army has said the problems with the system were “mitigated immediately,” Palantir said, adding, “No vulnerabilities were found in the Palantir platform.”

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On this episode of Stock Movers:
- A UnitedHealth (UNH) shareholder has filed a proposal to require an independent board chair distinct from the chief executive officer, roles that were combined when Stephen Hemsley returned to lead the company this year. The proposal from a nonprofit advocacy group called the Accountability Board, if approved by shareholders, would ask the board to amend the company’s bylaws to codify an independent board chair. Shares of UnitedHealth traded higher.
- USA Rare Earth (USAR) shares rose on word 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.
- Rivian (RIVN) is reworking a key element of its vehicle doors after employees and customers raised concerns over potential safety issues with the current design, according to people familiar with the matter. Rivian plans to incorporate a manual release that’s more clearly visible and located near the electrically powered interior handles in the rear doors of its next-generation SUV, said the people, who asked not to be identified discussing private information. The new lower-cost model line known as R2 is slated for deliveries to begin in the first half of 2026. Shares of the EV-maker rose.

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On this episode of Stock Movers:
-BlackRock (BLK) shares fall with news that the firm is advanced talks to acquire Aligned Data Centers, which could be valued at about $40 billion in a transaction.
-Rivian (RIVN) shares drop on news that the company is reworking a key element of its vehicle doors after employees and customers raised concerns over potential safety issues with the current design.
-Baidu (BIDU) shares rise after Morgan Stanley raised its price target on the China-based search engine to $140 from $100. Maintains equal-weight rating.

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On this episode of Stock Movers:
-Apple (AAPL) shares fell after Jefferies downgraded the iPhone maker to underperform from hold.
-Applied Materials (AMAT) shares dropped after the company said net revenue for FY 2026 is set to decrease by $600 million due to a new rule by the US Department of Commerce’s Bureau of Industry and Security.
-Boeing (BA) shares slumped after the plane maker delayed their new 777X to fly for the first time in early 2027. The delay could result in potentially billions of dollars in accounting charges, with analysts estimating the non-cash accounting charge could run from $2.5 billion to as much as $4 billion.

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On this episode of Stock Movers:
- Applied Materials (AMAT) shares are lower after warning an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. The US Commerce Department’s Bureau of Industry and Security has issued a new rule this week that widens the range of companies subject to export restrictions, Applied Materials said in a regulatory filing Thursday. The company expects that to cost it $600 million in lost revenue in fiscal 2026, which runs through next October.
- TSMC (TSMC) is rallying on news Huawei's Ascend AI processors were found to contain advanced components from Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., and SK Hynix Inc. Huawei's reliance on foreign hardware highlights China's struggle to boost domestic production of AI semiconductors, with the company's access to foreign goods being of crucial importance due to US export restrictions.
- Rumble (RUM) is gaining after entering into a strategic partnership with Perplexity to develop a new subscription model combining the pro features of each platform.
- Boeing (BA) is showing little movement but investors are following news that the company is slated to fly its 777X commercially for the first time in early 2027, a fresh setback to the US planemaker. The delay could result in potentially billions of dollars in accounting charges, with analysts estimating the non-cash accounting charge could run from $2.5 billion to as much as $4 billion.

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On this episode of Stock Movers:
- Applied Materials (AMAT) shares are lower after warning an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. The US Commerce Department’s Bureau of Industry and Security has issued a new rule this week that widens the range of companies subject to export restrictions, Applied Materials said in a regulatory filing Thursday. The company expects that to cost it $600 million in lost revenue in fiscal 2026, which runs through next October.
- TSMC (TSMC) is rallying on news Huawei's Ascend AI processors were found to contain advanced components from Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., and SK Hynix Inc. Huawei's reliance on foreign hardware highlights China's struggle to boost domestic production of AI semiconductors, with the company's access to foreign goods being of crucial importance due to US export restrictions.
- Rumble (RUM) is gaining after entering into a strategic partnership with Perplexity to develop a new subscription model combining the pro features of each platform.
- Tesla (TSLA) is rebounding after seesawing yesterday. It reported strong sales numbers yesterday, then the stock dropped, and is back higher in the premarket. The automaker posted a record quarter of vehicle sales, but it will be difficult to replicate now that federal electric-car subsidies have expired.

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On this episode of Stock Movers:
- Rheinmetall rose along with other European defense companies as drone sightings, such as those around Munich airport, suggested an expansion of tensions towards western Europe.
- Legrand shares hit a record high, after the French electrical devices maker acquired Avtron Power Solutions for an enterprise value of $1.1 billion.
- Raiffeisen was up on reports the EU would lift sanctions on assets linked to Russian oligarch Oleg Deripaska to compensate the bank for damages it had to pay in Russia.

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On this episode of Stock Movers:
- Robinhood (HOOD) is exploring an expansion of its prediction markets product to countries outside of the US, a move that would broaden the reach of the already fast-growing and often controversial industry. The brokerage has been speaking to overseas regulators like the UK’s Financial Conduct Authority about how it might offer prediction markets locally, as demand for the space continues to grow. At issue is how such products might be structured and regulated — while prediction markets are considered futures products in the US, they’re often lumped in with gambling in other regions. Shares have rallied this week on the news.
- Occidental (OXY) shares fell as much as 4% on Thursday, after the company agreed to sell its OxyChem petrochemical unit to Berkshire Hathaway Inc. for about $9.7 billion in cash. Analysts see the deal de-leveraging the company, but note that the sale is below the $10 billion that had been expected.
- Stellantis (STLA) is mulling a potential sale of its car-sharing business Free2move as Chief Executive Officer Antonio Filosa looks to turn around the ailing automaker, according to people familiar with the situation. Shares of Stellantis rose as much as 7.6% in Milan on Thursday following the news. The company has a market value of about €24 billion ($28 billion).

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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, Carol Massar and Tim Stenovec.

- Fair Isaac (FICO), better known as FICO, will now sell credit scores directly to mortgage resellers, a move that sent shares of third-party credit bureaus plunging. Through a new program, mortgage resellers will be able to calculate and distribute credit scores directly to customers, reducing their reliance on credit bureaus. This will bring more price transparency and savings for mortgage lenders, mortgage brokers and other industry participants, FICO said in a statement. Shares of FICO rallied. 

- Tesla (TSLA) shares fell after the automaker posted a record quarter of vehicle sales that will be difficult to replicate now that federal electric-car subsidies have expired. The company delivered 497,099 vehicles worldwide in the most recent quarter, 7.4% more than a year ago. Although the total far exceeds the roughly 439,600 average analyst estimate compiled by Bloomberg, Tesla’s shares slumped Thursday following a record monthly gain in market capitalization.

- Occidental (OXY) is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway Inc. Following the Texas oil driller’s transformational purchase of CrownRock LP for $10.8 billion in August 2024, Hollub targeted as much as $6 billion in asset sales to whittle away debt. As of early August, the company already was roughly two-thirds of the way to that goal. Shares declined. 

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On this episode of Stock Movers:

- Tesla (TSLA) reported a surprise record quarter of vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.
The company delivered 497,099 vehicles worldwide, 7.4% more than a year ago. While that total far exceeds the roughly 439,600 average analyst estimate compiled by Bloomberg, Tesla’s shares slumped Thursday following a record monthly gain in market capitalization. Investors recently looked past Tesla’s first-half sales weakness to Musk’s promises of growth in areas such as driverless vehicles, artificial intelligence and robotics. The carmaker’s shares soared 33% in September, recouping early-year losses and adding $401.9 billion of market value. The stock gave back some of those gains Thursday, falling as much as 3.2% as of noon New York time.

- Credit-reporting bureaus like TransUnion (TRU) and Equixfax (EFX) each dropped at least 12% during trading Thursday on word that Fair Isaac, better known as FICO, will now sell credit scores directly to mortgage resellers. Through a new program, mortgage resellers will be able to calculate and distribute credit scores directly to customers, reducing their reliance on credit bureaus. This will bring more price transparency and savings for mortgage lenders, mortgage brokers and other industry participants, FICO said in a statement. 

- Berkshire Hathaway shares dipped on word that Occidental Petroleum Corp. is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway Inc. “I believe we are done with the big deals,” Occidental Chief Executive Officer Vicki Hollub said in an interview Thursday. “This pretty much gets us where we need to be.” Following the Texas oil driller’s transformational purchase of CrownRock LP for $10.8 billion in August 2024, Hollub targeted as much as $6 billion in asset sales to whittle away debt. As of early August, the company already was roughly two-thirds of the way to that goal.

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On this episode of Stock Movers:
- TransUnion (TRU) shares fall after Fair Isaac Corp. announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers. FICO shares rallied.
- Occidental Petroleum (OXY) shares drop after Warren Buffett’s Berkshire Hathaway reached a deal to buy Occidental Petroleum's petrochemical business for about $9.7 billion in cash.
-Tesla (TSLA) shares gain after reporting a surprise increase in quarterly vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.

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On this episode of Stock Movers:
- Tesla (TSLA) shares gain after reporting a surprise increase in quarterly vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.
- Fair Issac Corp (FICO) shares rise after it announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers.
- Occidental (OXY) shares drop after Warren Buffett’s Berkshire Hathaway reached a deal to buy Occidental Petroleum's petrochemical business for about $9.7 billion in cash.

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On this episode of Stock Movers:
- The shares of credit-reporting companies TransUnion (TRU) and Equifax (EFX) plunged in premarket trading after Fair Isaac Corp. (FICO) announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers.
- Samsung Electronics and SK Hynix shares rose to their highest in years after South Korea’s largest companies forged initial agreements to supply chips to OpenAI’s Stargate project, reinforcing their lead in artificial intelligence memory. OpenAI’s Sam Altman signed a letter of intent Wednesday to enlist the two firms in his data center construction effort, a global undertaking that involves the sector’s biggest players from Nvidia (NVDA) to Oracle (ORCL). The US startup could need as many as 900,000 wafers per month as Stargate expands, the companies said.
- Stellantis (STLA) shares rally in premarket trading after the maker of Jeep SUVs reported a gain in third-quarter US deliveries, sparking optimism on the group’s turnaround prospects. Stellantis US deliveries were up 6% in the third quarter, powered by an 11% jump in Jeep deliveries, in the company’s first quarterly sales gain in more than two years.

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On this episode of Stock Movers:
- Shares of Tesla (TSLA) led fellow Magnificent Seven stocks higher in premarket trading Thursday ahead of the electric-car maker’s delivery figures for three months that ended in September. The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, according to analysts’ estimates compiled by Bloomberg. Although that would amount to a roughly 5% drop from a year ago — and mark Tesla’s third straight quarterly decrease — it would be an improvement relative to the first half of 2025, when vehicle sales tumbled 13%.
- ADRs of Dutch chip manufacturing supplier ASML (ASML) moved higher alongside European semiconductor stocks, following gains by US and Asian-listed peers. Samsung Electronics and SK Hynix shares rose to their highest in years after South Korea’s largest companies forged initial agreements to supply chips to OpenAI’s Stargate project, reinforcing their lead in artificial intelligence memory.
- Shares of energy real estate investment trust Fermi (FRMI) soared in premarket trading after rallying 55% in their debut. The REIT - backed by former US Secretary of Energy Rick Perry - raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.

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On this episode of Stock Movers:
- Brunello Cucinelli rose after confirming its full-year growth target and pushing back against claims made by a short-seller.
- Siemens shares were up on news the conglomerate is exploring the spinoff of a large part of its majority stake in Siemens Healthineers.
- Novo Nordisk gained further after it was upgraded to buy from hold at HSBC.

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On this episode of Stock Movers:
- Tesla (TSLA)'s sales decline is expected to slow, offering investors a measure of relief amid a lengthy downturn at Elon Musk’s electric-car maker.The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, according to analysts’ estimates compiled by Bloomberg. Although that would amount to a roughly 5% drop from a year ago — and mark Tesla’s third straight quarterly decrease — it would be an improvement relative to the first half of 2025, when vehicle sales tumbled 13%.
- Neptune Insurance (NP), a flood insurer, saw shares jump over 24% after it's shareholders raised $368.4 million in a US initial public offering.Shares of the St. Petersburg, Florida-based firm closed at $24.80 each on Wednesday, versus an IPO price of $20 apiece. The offering of 18.4 million shares by backers including co-founder Jim Albert, Bregal Sagemount and FTV Capital was marketed in a range of $18 to $20 each.
- Fermi (FRMI) shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence. Shares of the company closed at $32.53 versus an IPO price of $21. Fermi sold 32.5 million shares after pricing them within a marketed range of $18 to $22. The trading gave the Amarillo, Texas-based REIT, which was co-founded by former US Secretary of Energy Rick Perry, a market value of about $19.3 billion based on the outstanding shares listed in its filings. The company’s shares debuted on the Nasdaq Global Select Market on Wednesday and are expected to begin trading on the London Stock Exchange on Thursday.

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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, Carol Massar and Tim Stenovec.
- Nike (NKE)'s turnaround efforts are starting to pay off as the world’s largest sportswear company realigns the business around sports such as running and basketball. The company said efforts to roll out new products, boost marketing efforts and clear out old inventory helped blunt a longtime sales slump — results that boosted Nike’s shares as much as 7% on Wednesday. The stock had dropped about 8% this year through Tuesday’s close as investors waited for Nike to show signs that its comeback bid is actually working. On Wednesday, Nike’s better-than-expected results also boosted European sportswear shares, with both Adidas AG and Puma SE climbing. 
- AST SpaceMobile (ASTS) shares surged after the telecommunication company gave a positive production update on its BlueBird satellite, in a post on X. 
- Peloton (PTON) shares fell Wednesday after the company raised prices on both hardware and membership fees in a sweeping product overhaul, dampening the first major attempt under new leadership to overcome a multi-year slump. The new products, announced Wednesday, include new versions of the Bike and Bike+, Tread and Tread+ and the replacement of the Row with a Row+, confirming an August Bloomberg report. The hardware on each of the products gains a Swivel Screen so the display can move, letting users switch to activities like yoga or pilates off the device while still viewing classes. Throughout, the line is powered by a new artificial intelligence platform, Peloton IQ, offering personalized guidance, insights and coaching plans.

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On this episode of Stock Movers:

- Intel (INTC) shares climbed as much as 6.8% after Semafor reported that the company is in talks to add Advanced Micro Devices Inc. as a customer for its manufacturing business.  The companies are in early-stage discussions about having AMD rely on Intel factories, Semafor said, citing unidentified people familiar with the matter. AMD currently depends on Taiwan Semiconductor Manufacturing Co. for much of its manufacturing needs. AMD and Intel declined to comment to Bloomberg News. 

- Peloton (PTON) shares fell Wednesday after the company raised prices on both hardware and membership fees in a sweeping product overhaul, dampening the first major attempt under new leadership to overcome a multi-year slump. The new products, announced Wednesday, include new versions of the Bike and Bike+, Tread and Tread+ and the replacement of the Row with a Row+, confirming an August Bloomberg report. The hardware on each of the products gains a Swivel Screen so the display can move, letting users switch to activities like yoga or pilates off the device while still viewing classes. Throughout, the line is powered by a new artificial intelligence platform, Peloton IQ, offering personalized guidance, insights and coaching plans.

- Reddit (RDDT) shares dropped the most since April 30 after analysts noted a drop in OpenAI citations. According to our analysts at Bloomberg Intelligence, Reddit's drop in citations from OpenAI shows its exposure to search-engine traffic and any changes to algorithms from the large-language model companies. Reddit's direct traffic and daily active user growth hinges on its own chatbot use, which we believe is key to direct-response ads and average revenue per user growth.

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On this episode of Stock Movers:
- Lithium Americas (LAC) shares rise after US Secretary of Energy Chris Wright told Bloomberg Television that the US government agreed to acquire a 5% stake in the company.
- Carvana (CVNA) shares gain after Jefferies upgraded the online platform for buying used cars to buy from hold.
- Nike (NKE) shares up as turnaround efforts are starting to pay off as the company realigns the business around sports such as running and basketball.

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On this episode of Stock Movers:
- Shares of Nike (NKE) moved higher ahead of the open after signs that turnaround efforts at the world’s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike’s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street.
- Cal-Maine Foods (CALM) decline in premarket trading after the egg producer posted first quarter profit and sales that disappointed.
- Lithium Americas (LAC) shares surge to their highest level in nearly two years in the premarket session after US Energy Secretary Chris Wright told Bloomberg Television that the US government agreed to acquire a stake in the company. The US will take a 5% equity stake in the Vancouver-based company and a 5% stake in its Thacker Pass mining project, the largest lithium deposit in the country. The company also reached an accord with the Department of Energy to draw on a previously agreed upon $2.23 billion loan.

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On this episode of Stock Movers:
- Shares of Nike (NKE) moved higher in premarket trading after signs turnaround efforts at the world’s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike’s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street.
- Occidental Petroleum (OXY) shares edge higher in early trading on news that Berkshire Hathaway is nearing a deal to acquire Occidental’s petrochemical business for about $10 billion. The transaction could be announced in coming days, and would be Berkshire’s largest deal since its acquisition of Alleghany Corp. in 2022 for $13.7 billion, according to data compiled by Bloomberg.
- Pfizer (PFE) shares increase in the premarket session after the company secured a reprieve from President Trump’s long-threatened tariffs on the pharmaceutical industry Tuesday by agreeing to slash some of its drug prices by up to 85% and selling directly to the American public, a move other major drugmakers are expected to follow.

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On this episode of Stock Movers:
- AstraZeneca rose along with other pharmaceutical companies after Pfizer secured a reprieve from President Donald Trump’s long-threatened tariffs by agreeing to slash some of its drug prices.
- Puma shares climbed after Nike reported better than expected sales, signalling an upbeat in demand for sportswear.
- Greggs marked the biggest jump in shares since 2021 after it said trading improved in August and September.

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On this episode of Stock Movers:

•  Nike (NKE)'s wholesale business and strength in North America powered the company’s latest quarterly sales above Wall Street’s expectations, showing that turnaround efforts at the world’s largest sportswear company are starting to deliver results. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, a smaller drop than investors anticipated, according to a statement. Revenue in the period was $11.7 billion, higher than the $11 billion projected by analysts. Nike shares rose 0.9% 4:35 p.m. in extended New York trading. The stock has dropped 7.8% so far this year through Tuesday’s close.
• CoreWeave (CRWV) shares rallied today after it signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models. “They loved our infrastructure in earlier contracts and came back for more,” Chief Executive Officer Michael Intrator said in an interview. As part of the agreement, CoreWeave will provide the social media giant access to Nvidia Corp.’s latest GB300 systems, he said. Meta didn’t provide comment. CoreWeave shares jumped as much as 15.9% after markets opened in New York. Meta shares declined as much as 1.9%.
• The US government agreed to acquire a stake in Lithium Americas (LAC) according to US Secretary of Energy Chris Wright. The deal is the Trump administration’s latest effort to speed development of a domestic supply chain to counter China’s dominance over metals critical to defense, automaking and consumer electronics. In July, the US Defense Department announced a $400 million equity investment in MP Materials Corp. to fund a major new plant making rare-earth magnets.

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On this episode of Stock Movers: 

-  CoreWeave (CRWV) shares closed higher today, after the cloud-computing provider signed a deal to supply Meta Platforms with as much as $14.2 billion worth of computing power. The deal runs through December 2031 with an option to extend through 2032 with additional capacity, and helps diversify CoreWeave’s business away from Microsoft.

- Pfizer (PFE) was the second biggest gainer in the S&P today. Shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices.

- Spotify (SPOT) shares dropped after news that Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.

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On this episode of Stock Movers: 

- Pfizer (PFE) is the second biggest gainer in the S&P today. Shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices.

-  CoreWeave (CRWV) shares are up as much as 16% today, after the cloud-computing provider signed a deal to supply Meta Platforms with as much as $14.2 billion worth of computing power. The deal runs through December 2031 with an option to extend through 2032 with additional capacity, and helps diversify CoreWeave’s business away from Microsoft.

- Firefly Aerospace (FLY) plunged as much as 25% after a core segment of one of the company’s rockets exploded on a test stand. The event resulted in a complete loss of Firefly’s Alpha Flight 7 first stage, making the company's plans to launch two of its Alpha rockets before the end of the year unlikely.

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On this episode of Stock Movers:
- Verizon (VZ) shares jump after news the company is engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc.
- Spotify (SPOT) shares drop after news that Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.
- Pfizer (PFE) shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices.

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On this episode of Stock Movers:
- EchoStar (SATS) shares jump after the company engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc..
- CRH London-listed shares rise to a record high as the building materials supplier sets out mid-term targets for revenue growth and Ebitda margins to 2030.
- Spotify (SPOT) shares drop after news that Spotify Technology Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.

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On this episode of Stock Movers:
- EchoStar (SATS) is higher as the company engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc. The talks involve EchoStar’s AWS-3 licenses, which the company put a carrying value of $9.8 billion on, according to a regulatory filing.
- Spotify (SPOT) shares are moving on news Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström. Ek will continue to provide support and guidance, and said he is "not leaving" but will remain involved in big decisions about the company's future.
- Coty (COTY) is moving on news it has begun a strategic review of its consumer beauty brands to rework its portfolio of mass-market cosmetics labels while refocusing on fragrances.

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- EchoStar (SATS) shares rise in premarket trading on Tuesday as Verizon Communications (VZ) is said to be in discussions with the company about purchasing some of its wireless spectrum. Bloomberg has learned the talks involve EchoStar’s AWS-3 licenses, valuable for carrying 5G wireless signals.
- Shares of Firefly Aerospace (FLY) extended losses in early trading after the company disclosed an incident during a test at its facility in Briggs, Texas, that resulted in the loss of a rocket stage. Firefly, which made history in March when it landed its Blue Ghost robotic spacecraft on the surface of the moon, said that it had followed proper safety protocols and all personnel were safe.
- Exxon Mobil (XOM) shares were little changed despite news that the energy giant plans to cut about 2,000 jobs globally as it consolidates smaller offices into regional hubs as part of its long-term restructuring plan. The reductions represent about 3% to 4% of Exxon’s global workforce and are part of the company’s ongoing efficiency drive, Chief Executive Officer Darren Woods said in an memo to employees Tuesday.
- Coty Inc. (COTY) shares edged higher ahead of the US open after the company began a strategic review of its consumer beauty brands as it looks to rework its portfolio of mass-market cosmetics labels while refocusing on fragrances. The company’s $1.2 billion consumer beauty division is made up of brands including CoverGirl, Max Factor, Rimmel and Sally Hansen. Management will consider partnerships, spin-offs, divestitures and more as part of its assessment, according to a statement released on Tuesday.

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On this episode of Stock Movers:
- UBS reiterated its scathing critique of Switzerland’s planned changes to banking regulation, saying they may put the firm’s role in the country at risk.
- Asos warned its full-year earnings would be at the lower end of expectations as the online fast fashion chain works on a complex turnaround plan. Shares of Asos fell as much as 13% in early London trading, the most on an intraday basis since May 2023.
- Close Brothers is offloading its loss-making vehicle hire business, at a cost of £30 million, in its latest bit of reorganisation to become a “simpler” bank. The lender is trying to boost profits following a long-running legal saga tied to its motor finance unit. Shares slid in early trading.

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On this episode of Stock Movers: 

- Carnival (CCL) shares fall after the company raised its full-year earnings forecast for the third straight quarter. Shares slumped as much as 5.9%, the most intraday since June 13, on net yields guidance for the fourth quarter that trailed some expectations, and comments on cost headwinds in 2026. 

- Electronic Arts (EA) shares rise after news that a group of investors including the Saudi sovereign wealth fund will acquire Electronic Arts in a leveraged buyout that values the company at $55 billion. 

- Jefferies Financial Group (JEF) posted its best fiscal third-quarter revenue ever, with total revenue jumping almost 22% to $2.05 billion. The firm said the last quarter was its best period ever for advisory revenue, as deal activity picked up and market conditions improved, with trading activity also coming in higher than a year ago. The stock moved modestly lower in afterhours trading.

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