Stock Movers

On this episode of Stock Movers:

- Dell Technologies (DELL) boosted its annual outlook and posted quarterly sales and profit that topped analysts’ estimates, driven by strong demand for artificial intelligence servers. The company raised its annual sales projection to about $107 billion and earnings to about $9.55 a share, and said it shipped $8.2 billion worth of AI servers in the fiscal second quarter. Dell's PC business struggled in the quarter, with sales increasing just 1% to $12.5 billion, while revenue from the infrastructure group rose 44% fueled by a 69% jump in servers and networking. The shares gained about 3% in extended trading after closing at $134.05 in New York. The stock has risen 16% this year.

- Petco (WOOF) surged as much as 31% after raising its earnings targets for the year as the company’s turnaround starts showing signs of progress. Petco brought in Chief Executive Officer Joel Anderson after reporting its first annual net loss as a public company, tasking him with a mandate to reinvigorate the struggling pet retailer. Thus far, the his efforts have focused on revamping stores — as well as closing underperforming locations — reworking inventory and adding staff alongside investments in high growth areas like animal pharmacies and grooming. 

- Best Buy (BBY) shares fell as much as 6.6%, the most intraday in nearly three months, after the retailer of consumer electronics and appliances reported second-quarter results and reiterated its 2026 forecast. During the conference call, the company said it expects continued gross profit pressures in the back half of the year, while noting that consumers remain cautious about big-ticket purchases.

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- Data Dog (DDOG) rose along with shares of other software companies, following positive results from both MongoDB and Okta. The stock joined the S&P 500 in early July.

- Hormel Foods (HRL) falls 13%, the most intraday since 2008, after the maker of Spam and deli meats posted a third quarter profit that missed estimates and cut year guidance.
“The steep rise in commodity input costs affecting our industry was the largest contributor to our shortfall,” interim CEO Jeffrey Ettinger said in the release. During the earnings call, Ettinger said the company is taking “targeted” pricing actions. He expects profit recovery to lag into next year, with the near-term pressures persisting through the fourth quarter

- Bath & Body Works (BBWI) slumped as much as 10% on Thursday, its worst intraday drop since April 10, after the specialty retailer of body-care products lowered the top end of its sales growth forecast range for the full year. The company also said it expects tariffs to hurt gross profits by roughly $85 million

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On this episode of Stock Movers:

- HP Inc (HP) rose after the company gave a profit outlook for the current quarter that was in line with expectations, but investors remain concerned about the impact of economic uncertainty and higher costs tied to President Donald Trump’s trade policies.
- Best Buy (BBY) shares drop after the company reaffirmed its full-year financial guidance due to the uncertainty of potential tariff impacts on consumers and its business.
- Dollar General Corp. (DG) rose after the company reported stronger-than-expected sales and raised its forecast, adding to signals that US shoppers are still willing to spend on items they see as good value.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares rose after the company gave a revenue forecast of roughly $54 billion for the fiscal third quarter, in line with the average Wall Street estimate but lower than some analysts' projections.
- CrowdStrike (CRWD) shares fell after the company reported strong results but narrowly missed analysts' estimates for sales in the current quarter, with sales for the third quarter expected to be as much as $1.22 billion.
- Best Buy (BBY) shares drop after the company reaffirmed its full-year financial guidance due to the uncertainty of potential tariff impacts on consumers and its business.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower this morning after it gave a revenue forecast of roughly $54 billion for the fiscal third quarter, in line with the average Wall Street estimate but lower than some analysts' projections. The company's leadership rejected the notion that interest in deploying AI infrastructure was flagging, with Chief Executive Officer Jensen Huang saying "the opportunity ahead is immense" and predicting $3 trillion to $4 trillion in AI infrastructure spend by the end of the decade.
- Snowflake (SNOW) is gaining after the company gave a strong outlook, overcoming anxiety that software vendors will be hurt as the economy slows and new artificial intelligence companies take away business. The company has worked to develop products that make it easier to use generative AI on data stored in its platform, with newer products outperforming expectations on revenue contribution in the quarter.
- Burlington Stores (BURL) is surging after it reported a strong quarter and raised full year guidance. The shares are off on the year, but did boost a new outlook for the third quarter.
- Build-A-Bear Workshop (BBW) shares are also higher on an earnings beat as it sis accelerating growth earnings.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower this morning after it gave a revenue forecast of roughly $54 billion for the fiscal third quarter, in line with the average Wall Street estimate but lower than some analysts' projections. The company's leadership rejected the notion that interest in deploying AI infrastructure was flagging, with Chief Executive Officer Jensen Huang saying "the opportunity ahead is immense" and predicting $3 trillion to $4 trillion in AI infrastructure spend by the end of the decade.
- Crowdstrike (CRWD) shares are lower after the software company gave an outlook for third-quarter revenue that was weaker than expected. The company also reported its second-quarter results, raised its full-year forecast and said it would acquire Onum.
- HP Inc. (HPQ) is lower after it gave a profit outlook for the current quarter that was in line with expectations, but investors remain concerned about the impact of economic uncertainty and higher costs tied to President Trump’s trade policies.

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On this episode of Stock Movers:
- Drax shares fall as much as 12%, the steepest decline since March 2023, after the UK power producer said it’s facing a probe by the Financial Conduct Authority.
- Pernod Ricard SA shares rose after reporting sales that topped analyst expectations and forecasting a pickup in demand in the second half of its new financial year as trade restrictions eased in key markets such as China.
- Delivery Hero shares fluctuate as the food ordering firm’s earnings beat in the first half, aided by a strong performance in Asia, is tempered by a cut to its annual guidance.

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On this episode of Stock Movers:

- Nvidia (NVDA) gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a two-year boom in AI spending. The company forecast sales of roughly $54 billion in the fiscal third quarter, which was in line with the average Wall Street estimate, but excluded data center revenue from China. Nvidia shares fell about 2% in extended trading following the announcement, and the company also approved an additional $60 billion in stock buybacks.

- JM Smucker (SJM) shares fell after it reported that first-quarter net sales were weighed down by decreased sales of coffee, dog snacks, sweet baked goods and fruit spreads. The owner of the Folgers and Cafe Bustelo coffee brands reported adjusted earnings per share of $1.90 in the fiscal first quarter ended July 31, missing analysts’ average estimate of $1.93. Smucker boosted its outlook for the full year to a net sales gain of as much as 5%, up from as much as 4%. The company’s net coffee sales in the quarter rose 15% after it increased prices to adjust for higher costs.

- HP (HPQ) gave a profit outlook for the current quarter that may beat expectations, showing firming demand for computers and interest in new machines that can run the latest AI software. Sales of PCs rose 6% in the quarter and the company expects “mid-single digit” growth to continue in the current period, driven by demand for AI PCs and Windows 11. The company reported sales climbed 3.1% to $13.9 billion in the fiscal third-quarter, with profit, excluding some items, being 75 cents a share, exceeding analysts' average estimate of 74 cents.

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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 Isabelle Lee.

- Cracker Barrel (CBRL) said it’s getting rid of a new logo that had sparked controversy and prompted a slump in its share price. “We thank our guests for sharing your voices and love for Cracker Barrel. We said we would listen, and we have,” the company said Tuesday in a statement. “Our new logo is going away and our ‘old timer’ will remain.” Wall Street applauded the move by sending shares higher.

- Abercrombie (ANF) raised its full-year sales guidance following a stronger-than-expected quarter at the teen-focused Hollister brand.Sales are now seen growing in a range of 5% to 7%, up from the apparel retailer’s previous outlook. It’s the second straight quarter the preppy apparel retailer has boosted its revenue outlook. The company also raised its profit guidance after lowering it in the previous quarter.

- Snowflake (SNOW) boosted its product revenue guidance for the full year; the guidance beat the average analyst estimate.

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On this episode of Stock Movers:

- Nvidia (NVDA)’s China sales have taken on new levels of complexity, and investors will be hoping for a clearer read when the chipmaker reports earnings Wednesday afternoon. The firm’s on-again, off-again sales in the world’s largest market for semiconductors have been a source of confusion for Wall Street. Third-quarter revenue projections for the company are roughly $15 billion apart, twice the difference between the highest and lowest estimates in the second quarter and the widest in percentage terms in at least a decade, according to data compiled by Bloomberg. The stock was little changed through trading today as investors await earnings results due after the closing bell.

- JM Smucker (SJM) shares fell after it reported that first-quarter net sales were weighed down by decreased sales of coffee, dog snacks, sweet baked goods and fruit spreads. The owner of the Folgers and Cafe Bustelo coffee brands reported adjusted earnings per share of $1.90 in the fiscal first quarter ended July 31, missing analysts’ average estimate of $1.93. Smucker boosted its outlook for the full year to a net sales gain of as much as 5%, up from as much as 4%. The company’s net coffee sales in the quarter rose 15% after it increased prices to adjust for higher costs.

- MongoDB (MDB) shares are soaring after the software company reported second-quarter results that came in much stronger than expected. It also raised its full-year forecast. The stock rallied as much as 32%, its biggest intraday gain since June 2023.

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On this episode of Stock Movers:
- Cracker Barrel (CBRL) shares rise after the company said it is getting rid of a new logo that sparked controversy and prompted a slump in its share price.
- JM Smuckers (SJM) shares drop after the company reported that first-quarter net sales were weighed down by decreased sales of certain products.
- Abercrombie & Finch (ANF) shares rise after a better-than-expected quarterly performance. It’s namesake Abercrombie banner missed on sales, while Hollister beat.

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On this episode of Stock Movers:
- Canada Goose (GOOS) shares rose after it was reported by CNBC that the company’s controlling shareholder is said to have received take-private bids valuing the company at $1.35 billion.
- American Eagle (AEO) shares jumped after the company announced a new partnership with Travis Kelce, an NFL star newly engaged to singer superstar Taylor Swift. The retailer is set to report its second quarter earnings next week
- Kohl's (KSS) shares surge after after the company offered a more optimistic full-year sales outlook, now expecting comparable sales to fall no more than 5% this year. Kohl’s latest results suggest that recent moves, are helping win back consumers, with the company's initiatives "beginning to resonate with our customers".

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On this episode of Stock Movers:
- Kohl’s (KSS) shares are up 21% in premarket trading after the department-store operator boosted its operating margin forecast for the full year.
- JM Smucker (SJM) falls 3% after the peanut butter and jelly maker reported that first-quarter net sales were weighed down by decreased sales of coffee, dog snacks, sweet baked goods and fruit spreads.
- MongoDB (MDB) soars 31% after the software company reported second-quarter results that were much stronger than expected. It also raised its full-year forecast.

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On this episode of Stock Movers:

- Nvidia (NVDA) is leading Magnificent Seven stock gains in premarket trading on Wednesday as Wall Street awaits the chip giant’s earnings for an update on demand for artificial intelligence chips. 

- CrowdStrike’s (CRWD) net new annual recurring revenue is expected to have dropped 4% in the second quarter, according to consensus. 

- Oppenheimer & Co cut the target on Salesforce (CRM) to $315 from $370. Maintains outperform rating.

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- JD Sports Fashion sees full-year pre-tax profit in line with analysts’ forecasts and unveils a new £100m share buyback.
- UK energy bills will rise 2% from October, pushed higher by costs that are being added on to fund support payments for vulnerable homes. The National Grid says the design of the Ofgem framework includes “valuable steps forward”.
- Hochschild Mining shares plummet as much as 20% after the gold and silver miner downgraded its production and cost guidance for this year due to challenges at the Mara Rosa mine in Brazil.

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On this episode of Stock Movers:

- Eli Lilly (LLY) shares jumped after the company shared their obesity pill helped patients lose 9.6% of their body weight in a trial. It's the second trial; the first was conducted earlier this month and disappointed investors who had been expecting higher weight loss and lower rates of side effects.

- EchoStar (SATS) has agreed to sell spectrum licenses to AT&T Inc. for about $23 billion in a deal that will help the company stay out of bankruptcy and fend off regulatory concerns about its airwave use. The sale will expand AT&T’s network and add about 50 MHz of low-band and mid-band spectrum in an all-cash transaction, the Dallas-based telecommunications company said in a statement on Tuesday. The deal is expected to close by mid-2026, pending regulatory approval. Both the White House and the Federal Communications Commission were briefed about the transaction before the announcement, according to multiple people familiar with the discussions who asked to not be identified because the talks were private. America’s leadership in wireless services has a been a priority for President Donald Trump, according to a White House official, who said the president believes this deal will accelerate the use of the wireless spectrum.

- The US Justice Department’s criminal division is digging into UnitedHealth Group’s (UNH) prescription management services as well as how it reimburses its own doctors under an ongoing probe into the firm’s operations, according to people familiar with the matter. UnitedHealth shares dropped 1.5% at the New York market close, reversing earlier gains.

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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, Scarlet Fu, Tim Stenovec and Isabelle Lee

• EchoStar (SATS) has agreed to sell spectrum licenses to AT&T Inc. for about $23 billion in a deal that will help the company stay out of bankruptcy and fend off regulatory concerns about its airwave use. The sale will expand AT&T’s network and add about 50 MHz of low-band and mid-band spectrum in an all-cash transaction, the Dallas, Texas-based telecommunications company said in a statement on Tuesday. The deal is expected to close by mid-2026, pending regulatory approval. Both the White House and the Federal Communications Commission were briefed about the transaction before the announcement, according to multiple people familiar with the discussions who asked to not be identified because the talks were private. America’s leadership in wireless services has a been a priority for President Donald Trump, according to a White House official, who said the president believes this deal will accelerate the use of the wireless spectrum.
  
  
• Keurig Dr. Pepper (JDEPY) shares slid as investors consider the news over the weekend that the company agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.
  
  
• Constellation Brands (STZ) shares fall as much as 2.5% after Bank of America analyst Peter Galbo downgrades the alcohol beverage company to underperform from neutral. BofA holds the only sell-equivalent rating, according to data compiled by Bloomberg.

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On this episode of Stock Movers:
- Constellation Brands (STZ) shares fell after Citi opened a negative 30-day catalyst watch on the alcoholic beverage company ahead of its investor conference presentation on Sept. 2. In July, Constellation 1Q results showed profit trailed expectations due to weaker consumer demand for alcoholic beverages and higher costs from aluminum tariffs
- Olaplex (OLPX) shares tumbled after the company announced the acquisition of Purvala Bioscience, a Boston-based biotech company. Purvala develops health and beauty products for the hair and skin.
- Semtech (SMTC) shares jumped after the company reported second-quarter results that beat expectations and gave an outlook that’s in line with expectations.

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On this episode of Stock Movers:
- AT&T (T) shares rose after the company agreed to buy spectrum licenses from EchoStar for about $23 billion. AT&T said the acquisition will strengthen the company’s ability to deliver 5G and fiber services across the US.
- Eli Lilly (LLY) shares jumped after the company shared their obesity pill helped patients lose 9.6% of their body weight in a trial. It's the second trial; the first was conducted earlier this month and disappointed investors who had been expecting higher weight loss and lower rates of side effects.
- AMD (AMD) shares rose after the company announced plans to partner with IBM to develop next-generation computing architectures based on the combination of quantum computers and high-performance computing -- also known as quantum-centric supercomputing. Teams planning an initial demonstration later this year to show how IBM quantum computers can work in tandem with AMD technologies to deploy hybrid quantum-classical workflows

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On this episode of Stock Movers:
- AT&T (T) shares are higher on news it will buy spectrum licenses from EchoStar for about $23 billion, adding an average of about 50 MHz of low-band and mid-band spectrum to AT&T’s holdings. Additions would cover virtually every US market, over 400 in total, positioning AT&T to maintain long-term leadership in advanced connectivity across 5G and fiber. Deal powers improved and capital-efficient long-term growth by accelerating AT&T’s ability to add converged subscribers with both 5G wireless and home internet services in more places.
- Advanced Micro Devices (AMD) and IBM (IBM) are jumping on news AMD plans to develop with IBM next-generation computing architectures based on the combination of quantum computers and high-performance computing, known as quantum-centric supercomputing.
- Interactive Brokers (IBKR) shares are higher on news it will be added to the S&P 500 index later this week, replacing Walgreens Boots Alliance Inc. on the closely watched gauge of US stocks. The changes will take place prior to the opening of trading on Aug. 28, according to a press release from S&P Dow Jones Indices.
- Boeing (BA) shares are higher as South Korean firms announced deals with US businesses, including $50 billion in agreements with Boeing Co. and GE Aerospace, after the nations' leaders met in Washington. The aviation sector is a key winner from the meeting, with Korean Air Lines Co. planning to order more than 100 Boeing Co. jets worth $36.2 billion and inking a $13.7 billion deal with GE Aerospace.
- Eli Lilly (LLY) is soaring this morning as its experimental obesity pill helped patients lose 9.6% of their body weight in a trial. Patients given the highest dose of the pill lost around 21 pounds and saw significant improvements in blood sugar levels, according to the company. The company is on track to file for regulatory approval by the end of the year, with Kenneth Custer, president of Lilly Cardiometabolic Health, saying "we're excited to get this potential medicine to patients as soon as possible".

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On this episode of Stock Movers:
- BNP Paribas fell 4.9%. Trading volume was ten times the average for this time of day. The stock was the worst performer among its peers. The CAC 40 fell 1.6%, while the STOXX Europe 600 Price Index lost 0.7%.
- British American Tobacco Chief Financial Officer Soraya Benchikh is stepping down with immediate effect after a little more than a year in the role. Shares in BAT fell as much as 2.9% in London.
- Bunzl reported revenue for the first half-year that matched the average analyst estimate. Shares rose 4.5%.

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On this episode of Stock Movers:

- Keurig Dr. Pepper (KDP) shares slid as investors consider the news over the weekend that the company agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.

- Roblox (RBLX) shares jumped as much as 8.5% on Monday, the most intraday since late July, as Wedbush defends the stock amid legal threats. Analyst Alicia Reese says she views Roblox as the most compelling growth opportunity in the video game sector: “We expect some ongoing volatility in Roblox’s share price when new hit pieces or legal action surface; however, Roblox continues to be quick to respond, with meaningful actions it has taken and plans to create a safe and engaging environment across its age cohorts.”

- Alphabet (GOOGL) gained 1.2% today and closed at a record high. This extends a rally from last week off news that Apple is in early talks to use Google’s Gemini to power a revamped Siri, a potential step toward outsourcing more AI technology.

See omnystudio.com/listener for privacy information.

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 Norah Mulinda.

• Keurig Dr. Pepper (JDEPY) shares slid as investors consider the news over the weekend that the company agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.
• -Puma (PUMSY) shares rallied the most since October 2001 on a report that its billionaire owners, the Pinault family, has reached out to potential buyers of the sports brand after it lost about half of its market value in the past year. The billionaire family, which owns a 29% stake in Frankfurt-listed Puma through Artémis, is working with advisers, possibly with a view to triggering a sale of the company, the people said, asking not to be identified because the deliberations are private.
• American Eagle (AEO) shares fell on word that Bank of America Global Research cut the recommendation on the apparel retailer to underperform from neutral amid tariff pressures on profitability.

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On this episode of Stock Movers:

- Keurig Dr Pepper (KDP) agreed to buy JDE Peet’s for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.

- Roblox (RBLX) shares jumped as much as 8.5% on Monday, the most intraday since late July, as Wedbush defends the stock amid legal threats. Analyst Alicia Reese says she views Roblox as the most compelling growth opportunity in the video game sector: “We expect some ongoing volatility in Roblox’s share price when new hit pieces or legal action surface; however, Roblox continues to be quick to respond, with meaningful actions it has taken and plans to create a safe and engaging environment across its age cohorts.”

- Olaplex Holdings (OLPX) rose after Canaccord Genuity turned bullish, saying the hair care products company has seen a “brand reinvigoration” and is set to return to growth after a bumpy sales ride since the 2021 IPO.

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On this episode of Stock Movers:

- Crescent Energy (CRGY) shares fell after the company agreed to buy Vital Energy in an all-stock transaction valued at about $3.1 billion, inclusive of Vital’s net debt. 

- Wayfair (W) shares drop after President Donald Trump announced Friday the U.S. would be launching an investigation into tariffs on furniture imports. 

- Netflix (NFLX) shares jump after KPop Demon Hunters, an animated musical, topped the US and Canadian box office during its two-day theatrical debut, a rare win at theaters for Netflix.

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On this episode of Stock Movers:
- RH (RH) shares fall after President Trump announced a “major” tariff investigation on furniture coming into the US.
- Keurig DR Pepper (KDP) shares tumble after the company agreed to buy JDE Peet’s for $18.4 billion to bolster its struggling coffee business before kicking off a split of its operations.
- Verint (VRNT) shares sink after Thoma Bravo agreed to buy Verint Systems for $1.23 billion in cash as the private equity firm builds out its software portfolio.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Keurig Dr Pepper (KDP) shares are lower after it agreed to buy JDE Peet’s NV for €15.7 billion to bolster its struggling coffee business. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement. Keurig Dr Pepper plans to separate its coffee and beverage units into two independent, US-listed companies once the deal is completed, with Chief Executive Officer Tim Cofer saying “We are seizing an exceptional opportunity to create a global coffee giant.”
- Orsted (DNNGY) fell to a record low after the Trump administration blocked construction of an almost-finished offshore wind farm. The company's management is meeting with investors and advisers to reassure them that the planned 60 billion kroner share sale will go ahead despite the growing crisis.
- Verint Systems (VRNT) is higher on news Thoma Bravo acquired the company. Verint shares jumped double digits in premarket trading on Monday, after Bloomberg News reported that the two were in talks in July.
- Wayfair (W) shares are declining along with furniture stocks after President Trump announced a “major” tariff investigation on furniture coming into the US. "Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined. This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,” the president said in a Truth Social post on Friday

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Keurig Dr Pepper (KDP) shares are lower after it agreed to buy JDE Peet’s NV for €15.7 billion to bolster its struggling coffee business. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement. Keurig Dr Pepper plans to separate its coffee and beverage units into two independent, US-listed companies once the deal is completed, with Chief Executive Officer Tim Cofer saying “We are seizing an exceptional opportunity to create a global coffee giant.”
- Intel (INTC) is higher after the US government said it will receive 433.3 million shares of common stock in Intel Corp., representing 9.9% of the fully diluted common shares, as part of an $8.9 billion investment. The investment is funded by grants from the US Chips and Science Act and Secure Enclave program, and the government will be a passive owner with no board seat or governance rights.
- Coinbase (COIN) is lower as risk off sentiment weighs on both crypto assets and chipmakers, including Advanced Micro Devices (AMD).

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On this episode of Stock Movers:

- Nvidia (NVDA) shares are down this week after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.

- Dayforce (DAY) shares are up after Thoma Bravo agreed to buy the human resources software provider in what is set to become one of the investment firm’s largest-ever deals. The private equity giant will pay $70 a share in cash for Minneapolis-based Dayforce, according to a statement Thursday. The price represents a roughly 32% premium to Dayforce’s stock price on Aug. 15, the last trading session before Bloomberg News reported that a deal was in the works. The deal values Dayforce at $12.3 billion including debt and includes a significant minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

- Palantir's (PLTR) losing streak came as investors shed some of the biggest tech stocks, wiping out more than $73 billion in market value. The drop has given short sellers more than $1.6 billion in profits, according to data from S3 Partners LLC. Short interest as a percentage of Palantir’s float has fallen to about 2.5% from nearly 5% a year ago, according to Matthew Unterman, managing director of S3 Partners LLC.

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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 Caroline Hyde, Vonnie Quinn Tim Stenovec and Norah Mulinda.

- US banks were among several groups to surge following Federal Reserve chairman Jerome Powell's remarks at Jackson Hole. The KBW Bank Index jumped 3.2% closing at its first record since 2022.

- Zoom (ZM) shares soared after the company delivered a stronger-than-expected forecast, suggesting that customers are buying more of its expanded line of software products. The shares jumped 13% to $82.47 in New York on Friday, marking their biggest single-day gain since August 2024. The stock had been down 10% this year heading into the earnings report.

- Intuit (INTU) share sunk after the tax software company's tepid forecast overshadowed an otherwise strong fourth quarter report.

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On this episode of Stock Movers:

- Intel (INTC) Intel shares extended gains to as much as 6.6% after President Donald Trump says Intel has agreed to give the US a 10% stake. “They’ve agreed to do it and I think it’s a great deal for them,” Trump told reporters Friday at the White House. Trump cast the agreement as one that would revitalize the company, saying that “Intel has been left behind” compared to competitors in the chipmaking industry, and that he had floated the idea when he met with Intel Chief Executive Officer Lip-Bu Tan earlier this month.

- Apple (AAPL) is in early discussions about using Google Gemini to power a revamped version of the Siri voice assistant, marking a key potential step toward outsourcing more of its artificial intelligence technology. The iPhone maker recently approached Alphabet’s Google to explore building a custom AI model that would serve as the foundation of the new Siri next year, according to people familiar with he matter. Google has started training a model that could run on Apple’s servers, said the people, who asked not to be identified because the discussions are private. Shares of Google and Apple both climbed to session highs on Friday after Bloomberg News reported on the discussions.

- Intuit (INTU) shares fell as much as 7.1% in early Friday trading, the most intraday since August 2024, after the tax software company’s tepid forecast overshadowed an otherwise strong fourth quarter report.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.
- Workday (WDAY) shares are lower after investors were left disappointed that the human-resources software company left its subscription revenue guidance unchanged, apart from a small boost from the Paradox acquisition. Analysts also flagged concerns around AI displacement continue to linger.
- Zoom (ZM) share are higher after it gave a stronger-than-expected annual outlook for sales growth and raised its fiscal-year forecast, suggesting customers are buying more of the company’s expanded line of software products. The company's fiscal second-quarter enterprise sales increased 7% to $730.7 million, and Zoom said it had 4,274 customers in the period who contributed more than $100,000 each over the past year.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.
- BJ's Wholesale (BJ) fell after it reported fiscal second-quarter sales that came up short of expectations. The profit outlook for the wholesale retailer did improve. It boosted its adjusted earnings per share forecast for the full year.
- Ross Stores (ROST) jumped after projecting inflation will push more consumers to seek its off-price wares and deliver sales growth above expectations. CEO Jim Conroy said, “We anticipate pricing across retail will move higher as we progress through the year, which will lead consumers to seek more value this fall season.”
- Workday (WDAY) shares are lower after investors were left disappointed that the human-resources software company left its subscription revenue guidance unchanged, apart from a small boost from the Paradox acquisition. Analysts also flagged concerns around AI displacement continue to linger.

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On this episode of Stock Movers:
- Shares in Renk are up by as much as 1.9% after being upgraded to neutral from sell at Citi, with the broker expecting the company to benefit from Germany’s increased defence spending.
- Shares in PKO fell by as much as 7.1%. Polish banks are among the worst performers in Europe after the country’s Finance Ministry announced plans to raise corporate taxes on lenders to help ease pressure on a strained budget.
- Akzo Nobel rose by as much as 4.9% after Cevian Capital acquired a 3.02% stake in the Dutch paintmaker, according to a filing with the Dutch financial markets authority AFM.

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On this edition of Stock Movers:

- Walmart (WMT) shares fell after profit missed expectations for the first time in three years, overshadowing higher sales. Adjusted earnings per share came in at 68 cents for the second quarter, six cents lower than what Wall Street expected. The world’s largest retailer cited a rise in insurance claims, legal charges and restructuring costs as factors weighing down its profit. Walmart shares dropped as much as 4.4% in New York trading at 9:31 a.m., their biggest decline since May 15. Through Wednesday’s close, the stock had gained nearly 14% this year, outpacing the 8.7% advance of the S&P 500 Index.

- Dayforce (DAY) shares are up after Thoma Bravo agreed to buy the human resources software provider in what is set to become one of the investment firm’s largest-ever deals. The private equity giant will pay $70 a share in cash for Minneapolis-based Dayforce, according to a statement Thursday. The price represents a roughly 32% premium to Dayforce’s stock price on Aug. 15, the last trading session before Bloomberg News reported that a deal was in the works. The deal values Dayforce at $12.3 billion including debt and includes a significant minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority. Dayforce shares rose as much as 3.9% in premarket trading in New York on Thursday to hit the offer price, before giving up some of the gains. The stock closed the previous session roughly 3% higher at $67.40, giving the company a market value of about $10.8 billion.

- The slide in Cracker Barrel Old Country Store Inc.'s (CBRL) shares deepened today as a conservative backlash to the restaurant chain’s logo change intensified across social media. Shares of the Southern-inspired casual dining operator, known for its homestyle cooking, fell as much as 15% as negative posts, including one from Donald Trump Jr. after the market close the prior session, flooded X. The notable drop follows Cracker Barrel’s announcement Tuesday that it would be removing the image of an old man leaning against a barrel from its logo, leaving just the words Cracker Barrel. The stock pared losses to end the session down 7.2% — the fifth consecutive day of declines.

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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, Scarlet Fu, Tim Stenovec and Norah Mulinda.

- Paramount Skydance (PSKY) shares rallied 14% rally for newly-merged media company Paramount Skydance topped the S&P 500 leaderboard on Thursday. Shares have been volatile since trading launched, surging some 36% in just a few weeks.

- Zoom (ZM) gave a stronger-than-expected annual outlook for sales growth, and raised its fiscal-year forecast, suggesting customers are buying more of the company’s expanded line of software products. Revenue will be about $4.83 billion in the fiscal year ending in January, Zoom said Thursday in a statement. Profit, excluding some items, will be $5.81 a share to $5.84 a share. Analysts, on average, projected sales of $4.81 billion and earnings of $5.60 a share.

- Walmart (WMT) hares fell after profit missed expectations for the first time in three years, overshadowing higher sales. Adjusted earnings per share came in at 68 cents for the second quarter, six cents lower than what Wall Street expected. The world’s largest retailer cited a rise in insurance claims, legal charges and restructuring costs as factors weighing down its profit. Through Wednesday’s close, the stock had gained nearly 14% this year, outpacing the 8.7% advance of the S&P 500 Index.

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On this episode of Stock Movers:

- Walmart (WMT) shares fell after profit missed expectations for the first time in three years, overshadowing higher sales. Adjusted earnings per share came in at 68 cents for the second quarter, six cents lower than what Wall Street expected. The world’s largest retailer cited a rise in insurance claims, legal charges and restructuring costs as factors weighing down its profit. Claims, which include general liability and workers’ compensation expenses, particularly dragged down earnings as the costs of settling or going to court have risen. The number of incidents has declined, and these charges are expected to moderate as the year progresses.

- Coty (COTY) slumped after forecasting steep sales declines will continue as retailers clear out existing inventory and consumer demand remains tepid in the face of an uncertain economic outlook. Shares sank the most since 2020, wiping off as much as $968 million in market value. The struggles come at the end of a five-year turnaround initiative aimed at reinvigorating growth and amid reports that the company is contemplating selling off its high-end brands to peer Interparfums Inc. The lower-end brands, which include Covergirl and Rimmel cosmetics alongside fragrances for Adidas and Nautica, could also be sold in a separate transaction, Women’s Wear Daily said in June.

- A slide in shares of Cracker Barrel (CBRL) deepened on Thursday as a conservative backlash to the restaurant chain’s logo change intensified across social media. Shares of the Southern-inspired casual dining operator, known for its homestyle cooking, fell as as much as 15% as negative posts, including one from Donald Trump Jr. after the market close the prior session, flooded X. The notable drop follows Cracker Barrel’s announcement Tuesday that it would be removing the image of an old man leaning against a barrel from its logo, leaving just the words Cracker Barrel.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Walmart (WMT) shares fell after its' profit missed expectations for the first time in three years, due to a rise in insurance claims, legal charges and restructuring costs. Walmart raised its full-year sales guidance, with Chief Financial Officer John David Rainey saying "the consumer is resilient" and that the company continues to gain market share across all income levels.
- Coty (COTY) shares tumble in biggest intraday drop since March 2020, after the personal care products company forecast steep sales declines and reported a wider-than-expected loss for the fourth quarter.
- CoreWeave (CRWV) shares rise after the company was raised to buy from neutral at Arete Research and HC Wainwright & Co. as they see the cloud-software company’s recent selling pressure decreasing and see opportunities for growth.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Walmart (WMT) shares fell after it's profit missed expectations for the first time in three years, due to a rise in insurance claims, legal charges and restructuring costs. Walmart raised its full-year sales guidance, with Chief Financial Officer John David Rainey saying "the consumer is resilient" and that the company continues to gain market share across all income levels.
- Boeing (BA) shares jump as the company is heading closer toward finalizing a deal with China to sell as many as 500 aircraft, according to people familiar with the matter. It's a transaction that would end a sales drought that stretches back to US President Donald Trump’s last visit in 2017.
- Palantir (PLTR) shares are down. Palntir's six-session stock-market losing streak has wiped out $73 billion in market value. The drop has given short sellers more than $1.6 billion in profits, according to data from S3 Partners LLC.

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On this episode of Stock Movers:
- Walmart (WMT) is lower this morning as profit missed expectations due to a rise in insurance claims, legal charges, and restructuring costs. The company raised its full-year sales guidance, expecting net sales to rise 3.75% to 4.75% this year, and lifted its adjusted earnings guidance for the year. CFO John David Rainey said "the consumer is resilient" and that Walmart continues to gain market share across all income levels, especially wealthier shoppers.
- Palantir (PLTR) shares are rebounding after reading a tech decline this week following a run of selling in big tech as traders remain guarded ahead of the Federal Reserve’s gathering at Jackson Hole. The shares are down approximately 14% in the past five days and rose 4.4% in the past 30 days. Its six-session losing streak has wiped out $73 billion in market value.
- Coty Inc (COTY) is lower as the compnay forecasts steep sales declines will continue as retailers clear out existing inventory and consumer demand remains tepid. The company expects like-for-like sales to fall between 6% and 8% in the current quarter, and further declines of as much as 5% in the second fiscal quarter. Coty sees "gradual improvements" in sales trends for both high- and low-end divisions beginning in the January-to-June period, driven by "major" product launches and geographic expansion.
- Boeing (BA) is spiking on news it is heading closer to finalizing a deal with China to sell as many as 500 aircraft, according to people familiar with the matter. The mega sale to China is contingent on the two nations diffusing the trade hostilities that hark back to US President Donald Trump’s first term in office — and could still fall apart, they said.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Palantir (PLTR) shares are rebounding after reading a tech decline this week following a run of selling in big tech as traders remain guarded ahead of the Federal Reserve’s gathering at Jackson Hole. The shares are down approximately 14% in the past five days and rose 4.4% in the past 30 days. Its six-session losing streak has wiped out $73 billion in market value.
- Coty Inc (COTY) is lower as the compnay forecasts steep sales declines will continue as retailers clear out existing inventory and consumer demand remains tepid. The company expects like-for-like sales to fall between 6% and 8% in the current quarter, and further declines of as much as 5% in the second fiscal quarter. Coty sees "gradual improvements" in sales trends for both high- and low-end divisions beginning in the January-to-June period, driven by "major" product launches and geographic expansion.
- Hewlett Packard Enterprise Co (HPE) is higher after it was raised to overweight from equal-weight at Morgan Stanley as analysts note that recently-closed Juniper deal will be an earnings upside. Analyst Erik Woodring says looking forward HPE’s Analyst Day is the most important upcoming catalyst “given we are likely to get longer-term forecasts that could help the market more clearly appreciate HPE’s future earnings/cash flow power.”
- Boeing (BA) is spiking on news it is heading closer to finalizing a deal with China to sell as many as 500 aircraft, according to people familiar with the matter. The mega sale to China is contingent on the two nations diffusing the trade hostilities that hark back to US President Donald Trump’s first term in office — and could still fall apart, they said.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Aegon shares rose by as much as 4.8% after it reported operating profit for the first half year that beat average analyst estimates.
- WH Smith fell by as much as 28% after it lowered its profit outlook for North America this fiscal year after the company identified an accounting error.
- Enzyme maker Novonesis fell by as much as 7.2% after it narrowed its organic revenue forecast for the full year.

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On this edition of Stock Movers:

- Target (TGT) shares ended the day on the downside. This comes after the company named Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales. The company said Wednesday the board unanimously elected Fiddelke, who currently serves as chief operating officer, to be CEO starting in February. He will also join Target’s board, while current CEO Brian Cornell, who has led the big-box retailer since 2014, will transition to focus on his role as executive chair.

- TJX (TJX) shares rose to a record high today after the off price retailer raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to discounters. The TJ Maxx and Marshalls parent now expects full-year earnings per share of $4.52 to $4.57, up from $4.34 to $4.43. The company said it assumed it will be able to offset the significant pressure it expects from tariffs throughout next year. Revenue of $14.4 billion in the three months ending Aug. 2 beat analysts’ expectations. Chief Executive Officer Ernie Herrman said in the statement that the current quarter is “off to a strong start.”

- Coty (COTY) shares fell after forecasting steep sales declines will continue as retailers clear out existing inventory and consumer demand remains tepid in the face of an uncertain economic outlook. Shares sank 12% in post-market trading. Coty dropped 30% this year through Wednesday’s close, compared with an 8.7% rise for the S&P 500 Index over that time. In the current quarter, like-for-like sales, which measures revenue from existing business units, will fall between 6% and 8%, the perfume and cosmetic seller said in a statement, more than consensus expectations for a 2.6% drop. The struggles come at the end of a five-year turnaround initiative aimed at reinvigorating growth and amid reports that the company is contemplating selling off its high-end brands to peer Interparfums Inc. The lower-end brands, which include Covergirl and Rimmel cosmetics alongside fragrances for Adidas and Nautica, could also be sold in a separate transaction, Women’s Wear Daily said in June.

See omnystudio.com/listener for privacy information.

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, Scarlet Fu, Tim Stenovec and Emily Graffeo.

- Hertz (HTZ) shares climbed today after reports that the car-rental company will start selling pre-owned cars on Amazon Autos.

- Guess (GES) is going private in a $1.4 billion deal with Authentic Brands Group LLC in partnership with co-founders Maurice and Paul Marciano and Chief Executive Officer Carlos Alberini. Shareholders will get $16.75 a share in cash, a 26% premium to the stock’s closing price on Tuesday. The deal’s valuation includes debt, the company said in a statement. Guess management will continue to run the business and own the operating company, the company said, while Authentic Brands will acquire a majority stake in Guess’s intellectual property. Shares of Guess rallied on the news.

- Target (TGT) shares fell after incoming CEO Michael Fiddelke said the big-box retailer is facing adversity and called on employees to go the extra mile to end a lengthy sales slump. “There are no shortage of critics out there today,” Fiddelke said in an internal meeting on Wednesday shortly after he was announced as the company’s next leader. “The way to prove those critics wrong is with action that leads to results.” The retailer has faced calls for deeper changes amid persistently weak results and a loss of market share since the end of the Covid-19 pandemic. Recent challenges have included an unpopular pullback from diversity initiatives, out-of-stocks on store shelves and inventory missteps.

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On this edition of Stock Movers:

- TJX (TJX) shares are up after the off-price retailer raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to discounters. The TJ Maxx and Marshalls parent now expects full-year earnings per share of $4.52 to $4.57, up from $4.34 to $4.43. The company said it assumed it will be able to offset the significant pressure it expects from tariffs throughout next year. Revenue of $14.4 billion in the three months ending Aug. 2 beat analysts’ expectations. Chief Executive Officer Ernie Herrman said in the statement that the current quarter is “off to a strong start.”

- Target (TGT) shares fell as the retailer’s pick for an internal CEO appointment offset better-than-expected 2Q results and its maintained guidance. Target named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales. The company said Wednesday the board unanimously elected Fiddelke, who currently serves as chief operating officer, to be CEO starting in February. He will also join Target’s board, while current CEO Brian Cornell, who has led the big-box retailer since 2014, will transition to focus on his role as executive chair. 

- Estée Lauder Cos. (EL) shares fell today. The company said it has hired external advisers to conduct a review of the brands it owns in a bid to accelerate a turnaround after years of sales declines. Chief Executive Officer Stéphane de La Faverie said the company is rethinking its portfolio in order to “focus on our highest return opportunities over the medium to long term,” he told analysts on an earnings call. “We will share updates in due course,” he added.  The company has a variety of brands that focus on selling skin care, cosmetics, haircare and fragrances. In the most recent fiscal year, sales in the company’s skin care division fell 12% because of declines in the Estée Lauder and La Mer brands. Earlier Wednesday, Estée Lauder issued a weak profit outlook for its fiscal year that was dragged down in part by tariff costs.

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On this episode of Stock Movers:
- La-Z-Boy (LZB) shares tumble after the home furniture retailer posted weaker-than-expected first-quarter adjusted earnings per share. KeyBanc notes that the recliner company fell short of its tepid pre-announcement as well.
- Target (TGT) shares slump after the company named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.
- TJ Maxx (TJX) rises after the company raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to discounters.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Target (TGT) shares slump after the company named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.
- Lowe's (LOW) shares jump after the company agreed to buy Foundation Building Materials for about $8.8 billion in cash to serve more professional customers. Foundation Building has a network of over 370 locations in the US and Canada and had about $6.5 billion in sales last year.
- Popmart (POPMF) shares rise after news that the Chinese toymaker known for Labubu dolls is planning to launch a new mini Labubu. The craze has fueled a 204% increase in year-on-year revenue in the first half of 2025.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Target (TGT) shares fell 6.7% in premarket trading after it reaffirmed its sales forecast for the full year, saying it still sees a sales decline of low-single digit percentage compared to the average analyst estimate of 1.71% decline. The big box retailer also named current Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as the company’s next CEO.
- Hertz (HTZ) shares climb as much as 18% in premarket trading after CNBC reported that the car-rental company will start selling pre-owned cars on Amazon Autos.
- La-Z-Boy (LZB) shares tumble 24% in premarket trading after the home furniture retailer posted weaker-than-expected first-quarter adjusted earnings per share. KeyBanc notes that the recliner company fell short of its tepid pre-announcement as well.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Target (TGT) shares fell 6.7% in premarket trading after it reaffirmed its sales forecast for the full year, saying it still sees a sales decline of low-single digit percentage compared to the average analyst estimate of 1.71% decline. The big box retailer also named current Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as the company’s next CEO.
- Lowe’s (LOW) entered into a definitive agreement to acquire Foundation Building Materials, a North American distributor of interior building products, serving large residential and commercial professionals in both new construction and repair and remodel applications, for approximately $8.8 billion in cash.
- Estee Lauder (EL) shares fall 7.6% after issuing an annual adjusted EPS forecast that trails expectations. In addition, its organic sales decline for 4Q was slightly worse than expected driven by Skin Care and Makeup segments.

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On this episode of Stock Movers:
- K+S fell as much as 3.3% as Berenberg double-downgraded to sell, with a previous buy thesis no longer standing up due to expectations of “broadly lower” prices for agricultural commodities from 2026.
- Alcon dropped as much as 11% in Zurich, the most since March 2020, after delivering sales growth below expectations in the second quarter and announcing downward revisions to its full-year net sales guidance. The eyecare firm has, however, kept its core EPS outlook unchanged.
- Shares in dairy producer Emmi were up as much as 5% after it boosted its organic sales forecast for the full year.

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