
Stock Movers
2,226 episodes — Page 21 of 45

Alphabet Surges, Quantum Computing Rises, Johnson & Johnson Gains on News of Halda Deal
On this episode of Stock Movers:- Alphabet (GOOGL) shares surge after a report said Warren Buffett's Berkshire Hathaway said it took a stake in Google's parent company last quarter.- Quantum Computing (QUBT) after news that Alyeska Investment Group reported a position in Quantum Computing Inc. in the third quarter, 3 percent of the company's outstanding stock.- Johnson & Johnson (JNJ) shares gain after news that the company agreed to buy Halda Therapeutics for $3.05 billion cash as part of a strategy to cope with eroding sales for its major psoriasis drug.See omnystudio.com/listener for privacy information.

Nvidia Dips; Alphabet Gains; E.W. Scripps Soars
On this episode of Stock Movers:- Shares of Nvidia (NVDA) edged lower in early trading ahead of the company's highly anticipated earnings report due Wednesday after the close. Monday's premarket dip comes after Peter Thiel’s hedge fund Thiel Macro LLC sold off its holdings in Nvidia Corp. during the third quarter, marking another retreat from the leading provider of artificial-intelligence chips. The fund offloaded its entire position of 537,742 shares in the world’s premier AI chipmaker, which would have been worth about $100 million based on the closing price from Sept. 30. The Thiel Macro fund now counts Apple Inc., Microsoft Corp. and a reduced stake in Tesla Inc. as its main bets, according to a 13F filing.- Shares of Alphabet (GOOG) moved higher ahead of the US market open, after regulatory filings Friday showed Warren Buffett’s Berkshire Hathaway acquired 17.9 million shares in the Google parent during the third quarter. Even boasting some of the strongest balance sheets and highest ratings among corporate issuers, software and services providers' increased spending and borrowing have widened their bond spreads, with some facing downgrades. Though spreads are wider, the risk of significant widening, for most, appears contained. In fact, the largest hyperscalers -- including Amazon.com, Microsoft, Alphabet and Meta -- may be among the best positioned across the Bloomberg US Corporate Bond Index, based on Bloomberg Intelligence's credit-driver matrix.- Shares of The EW Scripps Co. (SSP) soared in the premarket trade after Sinclair took a 8.2% stake in the news multimedia company as part of a potential merger strategy that the pair have been discussing for several months, according to a 13D filing. Amid industry headwinds and a more favorable FCC tone on M&A, the company has suggested a large-scale deal could generate $600-$900 million in annual synergies from retransmission step-ups and cost efficiencies.See omnystudio.com/listener for privacy information.

Alphabet Lifts, Nvidia Drops, Sinclair Potential Merger
On this episode of Stock Movers:- Alphabet (GOOG) is the biggest gainer among Magnificent 7 tech stocks in US premarket trading Monday, after regulatory filings Friday showed Warren Buffett’s Berkshire Hathaway acquired 17.9 million shares in the Google parent during the third quarter.- Peter Thiel’s hedge fund Thiel Macro sold off its holdings in Nvidia (NVDA) during the third quarter, according to a 13F filing. The fund offloaded its entire position of 537,742 shares in the world’s premier AI chipmaker, which would have been worth about $100 million based on the closing price from Sept. 30. The filing comes not long after SoftBank Group Corp. announced a similar move to sell off its shares in Nvidia in October for $5.83 billion.- Sinclair (SBGI) has taken an 8.2% stake in EW Scripps as part of a potential merger strategy that it has been actively discussing with the company for several months, according to a 13D filing.See omnystudio.com/listener for privacy information.

Soceiete Generale Boosted, TotalEnergies Up, WPP Rises
On this episode of Stock Movers:- Societe Generale unveiled a €1 billion ($1.2 billion) share buyback, a boost for investors who have been holding out for more payouts. SocGen’s share price rose as much as 1.5% in Paris on Monday and was trading 0.5% higher at 10:07 a.m., giving the firm a market value of €44.7 billion.- TotalEnergies SE agreed to buy a 50% stake in a portfolio of western European power-generation assets from Daniel Kretinsky's energy holding company for about €5.1 billion.- WPP shares gain as much as 6.7% as advertising agency Havas has expressed interest in the London-listed company, the Times reported over the weekend.See omnystudio.com/listener for privacy information.

WPP Gains, Saab Up, SUSS MicroTec Rises
On this episode of Stock Movers:- WPP shares gain as much as 6.7% as advertising agency Havas has expressed interest in the London-listed company, the Times reported over the weekend. - Saab has a contract with the Colombian government to supply new fighter jets in a deal worth €3.1 billion. Saab shares gained as much as 6% when trading started in the Swedish capital on Monday, taking gains so far this year for the stock to 138%.- SUSS MicroTec aims to increase sales to between €750 million and €900 million by 2030, corresponding to an average annual sales growth of 9% to 13%, according to statement for the company’s Capital Markets Day. Shares rose as much as 4.2% on Tradegate vs the Xetra close.See omnystudio.com/listener for privacy information.

Weekly Roundup: Disney Falls on Earnings, Warner Bros. Discovery Draws Interest, Walmart Slides
On this episode of Stock Movers, we take a look at some of the biggest gainers and decliners of the week:- Disney (DIS) reported sales that fell short of Wall Street estimates and said a slate of big-budget films, including a new Avatar picture, will weigh on results for the first quarter of its new fiscal year. Shares of Disney fell 7.8% to $107.61 at the close in New York on Thursday following the earnings release. It was Disney's worst one-day loss since April. - Warner Bros. Discovery (WBD) shares bounced around this week on reports that Paramount, Comcast and Netflix were preparing bids for it. On Friday, the media conglomerate amended the contract of Chief Executive Officer David Zaslav to ensure his stock options remain eligible to vest even if it's sold. The change, announced in a regulatory filing Thursday, follows the company’s decision last month to consider strategic options including a possible sale. Shares rallied on Friday to close the week.- Walmart (WMT)'s Chief Executive Officer Doug McMillon recently spoke about the impact of artificial intelligence, saying it’s clear that the technology is going to change “literally every job.” That includes the very one he’s now passing along — a move that fits a tenure defined by staying a step ahead of change. Shares initially fell on the news.See omnystudio.com/listener for privacy information.

Nvidia Swings, Walmart Slides, Nike Falls
On this episode of Stock Movers:- Nvidia (NVDA) shares traded higher amid a broader relief rally in tech stocks and the S&P 500. The relief brought by the US shutdown’s end gave way to volatility this week as a host of Fed speakers threw cold water on bets for further policy easing. Hot areas favored by momentum traders such as artificial-intelligence whipsawed and Bitcoin was barely up for 2025.- Walmart (WMT)'s Chief Executive Officer Doug McMillon, who over a decade ushered the big-box behemoth into the Internet age, will retire in February. He’ll be replaced by US head John Furner — long viewed as the heir apparent. Furner, 51, takes over as Walmart faces a fast-moving shift toward artificial intelligence, an uneven US economy, and a rapidly changing global workforce. The company recently inked a partnership with OpenAI, which will allow shoppers to directly make purchases through ChatGPT. The retailer has said automation has helped it keep headcount steady at about 2 million employees globally. Investors were initially rattled by the change at the top, with the company’s shares sliding as much as 3.6% on Friday. - Nike (NKE) has ended an initiative that gave employees an extra week off each year to promote mental health and wellness. Nike’s annual “Wellness Week,” which started in 2021, had been held each August, with the world’s largest sportswear company powering down its corporate headquarters in Beaverton, Oregon, to give staff more time to unwind. Chief People Officer Treasure Heinle told staff this week that the program was instituted as the world endured Covid-19, but the company is now in a “pivotal moment” that requires changes in how employees approach their work, according to a replay of the meeting reviewed by Bloomberg News. Shares of Nike fell.See omnystudio.com/listener for privacy information.

Cidara Therapeutics Rises, Stubhub Sinks, Warner Brothers-Discovery Rises on News of Auction
On this episode of Stock Movers:- Cidara Therapeutics (CDTX) shares rise after Merck agreed to acquire Cidara Therapeutics for $221.50 a share in cash in a tender offer, for a total transaction value of about $9.2 billion. Merck is seeking deals to expand its portfolio of treatments as it prepares for patent losses that are expected to erode its sales over the next five years, including a patent expiration for Keytruda in 2028.- Stubhub shares tumble as much as 31% on Friday, with analysts surprised that the ticketing platform did not provide a forecast for the current quarter. This is the firm’s first quarterly report after going public in September. Bank of America downgraded the stock to neutral, as the call commentary and lack of 4Q guidance “added estimate uncertainty.”- Warner Brothers-Discovery (WBD) shares rise after WSJ report that Warner Bros. Discovery is holding an auction process, with Paramount, Comcast, and Netflix preparing bids, according to people familiar with the matter.See omnystudio.com/listener for privacy information.

Merck Drops, Walmart Falls, Nvidia Shares Set for Decline Ahead of Earnings
On this episode of Stock Movers:- Merck (MRK) shares drop after the company agreed to acquire Cidara Therapeutics in a $9.2 billion deal, which is a biotech company developing a flu treatment. Merck will pay $221.50 a share in cash for Cidara in a tender offer, more the twice Thursday’s closing price.- Walmart (WMT) shares fall after Walmart CEO Doug McMillon said he will retire in February and be replaced by John Furner. Furner has been long viewed as an heir apparent for McMillon and runs the company’s largest business in the US.- Nvidia (NVDA) shares are little changed. It's set for 2 weeks of declines, the longest streak since early September. Nvidia earnings are next week and over the past year have often been a catalyst to sell; particularly 3-5 days after the event.See omnystudio.com/listener for privacy information.

Cidara Therapeutics Surges; Stubhub Tumbles; WBD Rallies
On this episode of Stock Movers:- Shares of biotech company Cidara Therapeutics (CDTX) surged as much as 106% in premarket trading after Merck agreed to buy the biotech for $221.50 per share in cash, for a total transaction value of about $9.2 billion. Merck is seeking deals to expand its portfolio of treatments as it prepares for patent losses that are expected to erode its sales by $18 billion over the next five years. In 2028, Merck faces a patent expiration for Keytruda, the best-selling drug in pharmaceutical history which accounted for almost half of the company’s revenue last year.- Stubhub (STUB) shares tumble as much as 20% in premarket trading on Friday as analysts note that it was surprising that the ticketing platform did not provide a forecast for the current quarter. This is the firm’s first quarterly report after going public in September. - Warner Bros. Discovery (WBD) shares rallied ahead of the US market open following a Wall Street Journal report that Paramount, Comcast and Netflix are preparing bids for the media giant. WBD amended the contract of Chief Executive Officer David Zaslav to ensure his stock options remain eligible to vest even if the media company is sold. The change, announced in a regulatory filing Thursday, follows the company’s decision last month to consider strategic options including a possible sale.See omnystudio.com/listener for privacy information.

Applied Materials Tumbles; WBD Edges Higher; Merck Nears Cidara Deal
On this episode of Stock Movers:- Shares of Applied Materials (AMAT) tumbled in premarket trading after the company suffered a sales decline last quarter and predicted another drop in the current period, though the chip-equipment maker sees demand improving in the second half of 2026. Sales will be approximately $6.85 billion in fiscal first quarter, which runs through January, the company said in a statement Thursday. Though that was slightly higher than the $6.81 billion average estimate, it would represent a decline of more than 4% from the year-earlier period.- Warner Bros. Discovery (WBD) shares edged higher in premarket trading following a Wall Street Journal report that Paramount, Comcast and Netflix are preparing bids for the media giant. WBD amended the contract of Chief Executive Officer David Zaslav to ensure his stock options remain eligible to vest even if the media company is sold. The change, announced in a regulatory filing Thursday, follows the company’s decision last month to consider strategic options including a possible sale.- Shares of Merck (MRK) moved lower ahead of the US market open after word the company is closing in on a deal to acquire Cidara Therapeutics Inc., a biotech company developing a treatment for influenza, according to the Financial Times. The deal would value San Diego-based Cidara at a premium to its current valuation of $3.3 billion and could be announced as soon as Friday, the newspaper reported.See omnystudio.com/listener for privacy information.

Richemont Rises, PPHE Hotels Gains, Ubisoft Halted
On this episode of Stock Movers:- Richemont sales climbed as shoppers from the US to China snapped up the luxury group’s pricey Cartier and Van Cleef & Arpels jewelry.- PPHE Hotel Group's biggest shareholders are considering options for the real estate company behind Park Plaza Hotels in Europe, including contributing capital or selling some of their stakes. - Ubisoft decided to delay the publication of its first-half financial results on the day that they were due to be released, requesting hat the trading of its shares be halted.See omnystudio.com/listener for privacy information.

Richemont Jumps, Siemens Energy Gains, LLoyds Down
On this episode of Stock Movers:- Richemont sales climbed as shoppers from the US to China snapped up the luxury group’s pricey Cartier and Van Cleef & Arpels jewelry.- Siemens Energy raised its mid-term financial targets on strong demand for gas turbines and data center equipment as well as restructuring progress at its Gamesa wind turbine unit.- Lloyds Banking Group shares dipped on the back of a UK asset sell off on reports that Chancellor Rachel Reeves has dropped plans to raise the headline rates of income tax in the coming budget.See omnystudio.com/listener for privacy information.

Warner Bros Rises, Cisco Gains, Tesla Falls
On this episode of Stock Movers: Warner Bros. Discovery (WBD) shares rose more than 5% in postmarket trading, after the Wall Street Journal reported that Paramount, Comcast and Netflix are preparing bids for the company, citing people familiar with the matter. Cisco (CSCO) shares gained on Thursday after the network-equipment giant boosted its 2026 forecast, showing progress in its effort to capture more artificial intelligence spending. The company, the top maker of machines that run computer networks and the internet, now expects sales of as much as $61 billion in the fiscal year ending in July, it said in a statement on Wednesday. That’s about $1 billion more than it previously expected and higher than Wall Street estimates. Cisco also increased its earnings forecast, which similarly topped analysts’ predictions. Tesla (TSLA) is developing support for Apple Inc.’s CarPlay system in its vehicles, according to people with knowledge of the matter, working to add one of the most highly requested features by customers. Shares of the company fell amid a broader selloff in tech stocks. See omnystudio.com/listener for privacy information.

Google Drops, Walt Disney Falls, Sealed Air Rises on Potential Bubble Wrap Acquisition
On this episode of Stock Movers:- Google (GOOG) shares drop. This is after news that the company is under investigation by European Union antitrust watchdogs over concerns it unfairly demotes some news results in a probe that risks adding to its €9.5 billion ($11 billion) EU fines tally and worsening fraught relations with the Trump administration.- Walt Disney (DIS) shares fall after the company reported sales that fell short of Wall Street estimates, with revenue for the fourth quarter at $22.5 billion. The company predicts challenges early in the new fiscal year, including expenses tied to the theatrical release of Zootopia 2 and Avatar: Fire and Ash, which will reduce earnings by $400 million.- Sealed Air (SEE) shares rose the most intraday since March 2020, to trade as high as $44.27 as people with knowledge of the matter say Clayton Dubilier & Rice is exploring a potential acquisition of the Bubble Wrap maker.See omnystudio.com/listener for privacy information.

Sealed Air Rises, Cisco Jumps, Walt Disney Falls on Guidance
On this episode of Stock Movers:- Sealed Air (SEE) shares rose the most intraday since March 2020, to trade as high as $44.27 as people with knowledge of the matter say Clayton Dubilier & Rice is exploring a potential acquisition of the Bubble Wrap maker.- Cisco (CSCO) shares rose after the maker of networking equipment boosted its adjusted earnings per share guidance for the full year that beat the average analyst estimate as the firm captures more artificial intelligence spending. Analysts, however, note weakness in the company’s security and non-AI businesses. - Walt Disney (DIS) shares fall after the company reported sales that fell short of Wall Street estimates, with revenue for the fourth quarter at $22.5 billion. The company predicts challenges early in the new fiscal year, including expenses tied to the theatrical release of Zootopia 2 and Avatar: Fire and Ash, which will reduce earnings by $400 million.See omnystudio.com/listener for privacy information.

Disney Falls Premarket; Cisco Systems Surges; Anthropic Commits $50B for US Data Centers
On this episode of Stock Movers:- Shares of the Walt Disney Co. (DIS) fell ahead of the US market open after the company reported sales that fell short of Wall Street estimates and said a slate of big-budget films, including a new Avatar picture, will weigh on results for the first quarter of its new fiscal year. Revenue for the fourth quarter was little changed at $22.5 billion, Disney said Thursday, falling below the $22.8 billion average of analyst estimates compiled by Bloomberg. Earnings came to $1.11 a share in the period ended Sept. 27, excluding some items, beating estimates of $1.07. Disney’s entertainment division faces challenges early in the new fiscal year on three fronts: streaming, films and TV. The company predicts $375 million in operating income from online video in the first quarter. While that represents higher profit for the business, Wall Street was expecting more.- Shares of Cisco Systems (CSCO) soared in premarket after the network-equipment giant boosted its 2026 forecast, showing progress in its effort to capture more artificial intelligence spending. The company, the top maker of machines that run computer networks and the internet, now expects sales of as much as $61 billion in the fiscal year ending in July. That’s about $1 billion more than it previously expected and higher than Wall Street estimates. Cisco also increased its earnings forecast, which similarly topped analysts’ predictions. The outlook sparked fresh optimism that Cisco can benefit from booming AI spending. The San Jose, California-based company is updating chips and networking gear to better connect server racks and data centers in order to handle complicated AI tasks.- Anthropic PBC plans to spend $50 billion to build custom data centers for artificial intelligence work in several US locations, including Texas and New York, the latest expensive pledge for infrastructure to support the AI boom. The new sites, which Anthropic is developing with UK-based Fluidstack Ltd., will start coming online throughout 2026, the company said Wednesday in a statement. The project marks the first major data center build-out that the AI firm has taken on directly,See omnystudio.com/listener for privacy information.

Disney Edges Lower; Cisco Surges; Alibaba Rallies
On this episode of Stock Movers:- Shares of the Walt Disney Co. (DIS) edged lower in premarket trading after the company reported sales that fell short of Wall Street estimates and said a slate of big-budget films, including a new Avatar picture, will weigh on results for the first quarter of its new fiscal year. Revenue for the fourth quarter was little changed at $22.5 billion, Disney said Thursday, falling below the $22.8 billion average of analyst estimates compiled by Bloomberg. Earnings came to $1.11 a share in the period ended Sept. 27, excluding some items, beating estimates of $1.07. Disney’s entertainment division faces challenges early in the new fiscal year on three fronts: streaming, films and TV. The company predicts $375 million in operating income from online video in the first quarter. While that represents higher profit for the business, Wall Street was expecting more.- Shares of Cisco Systems (CSCO) soared ahead of the US market open after the network-equipment giant boosted its 2026 forecast, showing progress in its effort to capture more artificial intelligence spending. The company, the top maker of machines that run computer networks and the internet, now expects sales of as much as $61 billion in the fiscal year ending in July. That’s about $1 billion more than it previously expected and higher than Wall Street estimates. Cisco also increased its earnings forecast, which similarly topped analysts’ predictions. The outlook sparked fresh optimism that Cisco can benefit from booming AI spending. The San Jose, California-based company is updating chips and networking gear to better connect server racks and data centers in order to handle complicated AI tasks.- US listed shares of Alibaba (BABA) rallied in early trading after the Chinese tech giant announced it is preparing an overhaul of its main mobile AI app in coming months to help it more closely resemble OpenAI’s ChatGPT, a key step in a broader effort to catch rivals and eventually earn money off individual users. Alibaba plans to start by updating the existing “Tongyi” apps on iOS and Android and renaming them “Qwen,” after the company’s well-known AI model, people familiar with the matter said. It will then gradually add agentic-AI features to support shopping on platforms including the main Taobao marketplace in coming months, according to sources. The end goal is to try and make Qwen a fully functioning AI agent, the people said, a prime objective for the industry both in the US and China.See omnystudio.com/listener for privacy information.

Burberry Up, Wizz Air Jumps, Carrefour Climbs
On this episode of Stock Movers:- Burberry shares gain 4.8% after the UK trench coat maker reported retail comparable sales for its second quarter that beat analyst estimates, turning positive for the first time in two years- Wizz Air shares jump as much as 17%, the most since February, after the budget airline reported earnings ahead of expectations. The beat comes after the stock hit a record low last week, with analysts noting that expectations were low.- France’s billionaire Saadé family, who made their money in shipping and logistics, is a new anchor shareholder in supermarket chain Carrefour. Shares of Carrefour opened up 1.6% in early trading in Paris Thursday.See omnystudio.com/listener for privacy information.

Burberry Gains, Merck Up, Siemens Falls
On this episode of Stock Movers:- Burberry shares gain 4.8% after the UK trench coat maker reported retail comparable sales for its second quarter that beat analyst estimates, turning positive for the first time in two years- Merck shares rise 8.6% after third quarter results beat estimates. - Siemens expects currency headwinds to “strongly” burden growth in revenue as well as profit during the 2026 fiscal year while the manufacturer also deals with costs related to recent acquisitions. The shares declined as much as 3.6% in FrankfurtSee omnystudio.com/listener for privacy information.

Cisco Soars on Earnings; AMD, On End Higher
On this episode of stock movers: Advanced Micro Devices (AMD) rallied 9% after the chipmaker predicted accelerating sales growth over the next five years, driven by strong demand for its data center products. Cisco (CSCO) traded higher after hours after the largest maker of machines that run computer networks and the internet, gave an upbeat sales forecast, showing progress in its effort to capture more artificial intelligence spending. On Holding (ONON) climbs after the Swiss sneaker brand boosted its sales forecast for the year after better-than-expected third-quarter results in which consumers in Europe and Asia snapped up the Swiss sneaker maker’s high-priced footwear.. See omnystudio.com/listener for privacy information.

Closing Bell: Delta Rises, AMD Surges, Paramount Skydance Drops
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 Carol Massar.On this episode of Stock Movers:- Delta Air Lines (DAL) said mandated flight cuts that snarled US air travel caused a significant financial impact, though the carrier expects a return to normal during the typically bustling Thanksgiving holiday if the government shutdown ends this week.- AMD (AMD) shares rise after the company said annual revenue growth will average more than 35% over the next three to five years. The total AI chip market, including accelerators, processors and networking products, will reach $1 trillion by 2030, AMD CEO Lisa Su said.- Paramount-Skydance (PSKY) shares are down after Democratic Reps. Jamie Raskin and Frank Pallone Jr. write to Paramount Skydance CEO David Ellison asking that the company comply with an investigation into the Paramount-Skydance merger.See omnystudio.com/listener for privacy information.

On Holding Climbs, Advanced Micro Devices Rallies, Black Rock Coffee Bar Drops on Outlook
On this episode of Stock Movers:- On Holding (ONON) shares climbed as much as 28%, the most intraday since March 2023, after the Swiss sneaker brand boosted its sales forecast for the year after better-than-expected third-quarter results. - Advanced Micro Devices (AMD) rallies as much as 11% on Wednesday, in biggest intraday jump since Oct. 8, after the semiconductor company projected accelerating sales growth over the next five years. Analysts are positive about the forecast and see “material upside” to current estimates. - Black Rock Coffee Bar (BRCB) shares drop after the operator of drive-thru coffee bars announced its first earnings report since going public in September. The company also gave an outlook for the full year.See omnystudio.com/listener for privacy information.

AMD Rises, Cisco Gains, JPMorgan Edges Higher After News of Trump Dinner
On this episode of Stock Movers:- AMD (AMD) shares rise after the company said annual revenue growth will average more than 35% over the next three to five years. The total AI chip market, including accelerators, processors and networking products, will reach $1 trillion by 2030, AMD CEO Lisa Su said.- Cisco (CSCO) shares gain after the company said results last quarter showed sales from AI projects picking up, and it has partnered with Nvidia Corp. to speed deployment of AI systems. Shares are up more than 20% this year, but prices are still below their peak in the dot-com era .- JPMorgan (JPM) shares edge higher after news that President Donald Trump will host financial industry executives for dinner at the White House, an effort to bring the country's business elite behind his policies.See omnystudio.com/listener for privacy information.

AMD Rallies; On Holding Climbs; Sweetgreen in the Green
n this episode of Stock Movers:- Advanced Micro Devices (AMD) shares rallied in premarket trading after Nvidia's closest rival predicted accelerating sales growth over the next five years, driven by strong demand for its data center products. Annual revenue growth will average more than 35% over the next three to five years, Chief Executive Officer Lisa Su said Tuesday at a company event in New York. She added that AMD’s AI data center revenue will increase by an average of 80% over the same period.- Swiss sneaker maker On Holding (ONON) climbed in early trading after the company boosted its sales and earnings forecasts for the year after a better-than-expected third quarter. The Roger Federer-backed company now sees revenue growing 34% this financial year on a constant currency basis, above analyst estimates and three percentage points higher than its previous target. That new goal translates to net sales of 2.98 billion Swiss francs ($3.7 billion) at current spot rates, it said Wednesday.- Shares of Sweetgreen (SG) soared in early trading after the restaurant chain was added to Citi's 90-day positive catalyst watch. Citi analyst Jon Tower says he expects sales to improve off lows with the US government "likely to reopen in the coming weeks.”See omnystudio.com/listener for privacy information.

AMD Rallies; Bill Holdings Soars on Sale Talks; On Holding Climbs
On this episode of Stock Movers:- Advanced Micro Devices (AMD) shares rallied in premarket trading after Nvidia's closest rival predicted accelerating sales growth over the next five years, driven by strong demand for its data center products. Annual revenue growth will average more than 35% over the next three to five years, Chief Executive Officer Lisa Su said Tuesday at a company event in New York. She added that AMD’s AI data center revenue will increase by an average of 80% over the same period.- Shares of Bill Holdings (BILL) soared ahead of the US market open as the business-payments firm - under pressure from activist investor Starboard Value LP - is exploring options including a potential sale, according to sources. Bill, which handles payments and expense-management services for hundreds of thousands of small and midsize businesses, has been grappling with lower customer-spending and intense competition. - Swiss sneaker maker On Holding (ONON) climbed in early trading after the company boosted its sales and earnings forecasts for the year after a better-than-expected third quarter. The Roger Federer-backed company now sees revenue growing 34% this financial year on a constant currency basis, above analyst estimates and three percentage points higher than its previous target. That new goal translates to net sales of 2.98 billion Swiss francs ($3.7 billion) at current spot rates, it said Wednesday.See omnystudio.com/listener for privacy information.

SSE Soars, RWE Up, Edenred Plunges
On this episode of Stock Movers:- SSE shares climbed to a record after the utility said it will raise about £2 billion ($2.6 billion) in new shares to help finance a £33 billion drive to upgrade its grids and boost renewable energy.- RWE saw better-than-expected earnings in 3Q, driven by one-off gains linked to the sale of a data center development project and improved energy trading results.- Edenred shares dropped as Brazil issued a decree regarding major regulatory changes to the country’s meal voucher and food voucher system.See omnystudio.com/listener for privacy information.

SSE Soars, ABN Amro Up, Taylor Wimpey Down
On this episode of Stock Movers:- SSE shares rose to a record after the utility said it will raise about £2 billion ($2.6 billion) in new shares to help finance a £33 billion drive to upgrade its grids and boost renewable energy.- ABN Amro agreed to acquire NIBC Bank from Blackstone for about €960 million ($1.11 billion) in the biggest acquisition by the Dutch lender since it was re-listed on the stock exchange a decade ago.- Taylor Wimpey shares fell as the housebuilder reiterated guidance for 2025 to account for a softer housing market and uncertainty about measures in the UK budget.See omnystudio.com/listener for privacy information.

AMD Predicts Strong Sales Growth, Fedex Gains, CoreWeave Tumbles
On this episode of Stock Movers:- AMD (AMD) Nvidia's nearest rival in AI chips, predicted accelerating sales growth over the next five years, driven by strong demand for its data center products.Annual revenue growth will average more than 35% over the next three to five years, Chief Executive Officer Lisa Su said Tuesday at a company event in New York. AMD’s AI data center revenue will increase by an average of 80% over the same time period, she said. The company projects adjusted profit to reach more than $20 a share, and the operating margin to exceed 35%, in that time frame, executives said.- Fedex (FDX) expects profit this quarter to improve from a year ago, easing investor concerns about a lackluster holiday season and volatile trade policies.Adjusted earnings in its fiscal second quarter, which concludes at the end of November, will surpass the $4.05 a share the courier generated last year, Chief Financial Officer John Dietrich told investors Tuesday at an industry conference. Analysts are anticipating $4.02 a share on average in estimates compiled by Bloomberg.- CoreWeave (CRWV) shares tumbled after the cloud-computing provider reported its third-quarter results and said a data center delay would impact fourth-quarter expectations, prompting JPMorgan to downgrade the stock. Analysts note that the supply constraints are short term but highlight execution risks.See omnystudio.com/listener for privacy information.

Closing Bell: Paramount Skydance Higher on Results, RealReal Gains, Nvidia Lower on Softbank Sale
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 Carol Massar. On this episode of Stock Movers: - Paramount Skydance (PSKY) closed 9.77% higher today after the company reported financial results for the first time since a new investor group took over the media company in August. The company raised its cost savings goal to at least $3 billion and said it's planning an additional 1,600-person workforce reduction. - The RealReal (REAL) shares gained on Tuesday, hitting their highest level since December 2021, after the online marketplace for luxury goods boosted its revenue guidance for the full year to beat the average analyst estimate. - Nvidia (NVDA) shares ended the day 2.96% lower after SoftBank sold its entire stake in Nvidia for $5.83 billion to help bankroll AI investments. Softbank has sold out of Nvidia once before in 2019, then resumed buying small stakes in Nvidia in 2020.See omnystudio.com/listener for privacy information.

Nvidia Drops on SoftBank Sale, RealReal Boosts Revenue Guidance, CoreWeave Tumbles
On this episode of Stock Movers: - Nvidia (NVDA) shares drop after SoftBank sold its entire stake in Nvidia for $5.83 billion to help bankroll AI investments. Softbank has sold out of Nvidia once before in 2019, then resumed buying small stakes in Nvidia in 2020. - RealReal (REAL) shares gained as much as 27% on Tuesday, hitting their highest level since December 2021, after the online marketplace for luxury goods boosted its revenue guidance for the full year to beat the average analyst estimate. - CoreWeave (CRWV) shares tumbled after the cloud-computing provider reported its third-quarter results and said a data center delay would impact fourth-quarter expectations, prompting JPMorgan to downgrade the stock. Analysts note that the supply constraints are short term but highlight execution risks.See omnystudio.com/listener for privacy information.

Nvidia Drops, Paramount Skydance Rises, Estee Lauder Gains After Ratings Upgrade
On this episode of Stock Movers:- Nvidia (NVDA) shares drop after SoftBank sold its entire stake in Nvidia for $5.83 billion to help bankroll AI investments. Softbank has sold out of Nvidia once before in 2019, then resumed buying small stakes in Nvidia in 2020.- Paramount Skydance (PSKY) shares rise after the company reported financial results for the first time since a new investor group took over the media company in August. The company raised its cost savings goal to at least $3 billion and said it's planning an additional 1,600-person workforce reduction.- Estee Lauder (EL) shares gain after Argus raised their recommendation for the company to buy from hold. Strategists said: “New management has increased innovation significantly,” and product is entering “such new channels as Amazon Premium Beauty, Sephora, and Ulta.”See omnystudio.com/listener for privacy information.

Nvidia Edges Lower; CoreWeave Tumbles; Paramount Skydance Rallies
On this episode of Stock Movers:- Shares of Nvidia (NVDA) slipped in the premarket session after SoftBank Group sold the entirety of its stake of the chipmaking giant for $5.83 billion to help bankroll AI investments, even as investors question the amount of capital pouring into a technology with uncertain returns. The Nvidia stake sale highlights how founder Masayoshi Son needs money to chase a plethora of projects that range from Stargate data centers to AI robot manufacturing sites in the US. Its exit coincides with a growing debate about whether spending by big tech firms from Meta Platforms Inc. to Alphabet Inc. — expected to surpass $1 trillion in coming years — will produce commensurate returns.- CoreWeave (CRWV) shares tumbled ahead of the US market open after the cloud-computing provider reported its third-quarter results and said a data center delay would impact fourth-quarter expectations, prompting JPMorgan to downgrade the stock. Analysts note that the supply constraints are short term but highlight execution risks.- Paramount Skydance (PSKY) shares soared in early trading after reporting financial results for the first time since a new investor group took over the media company in August. The media giant raised its target for job cuts and cost-saving measures. Paramount Skydance, which has been trying to buy rival Warner Bros. Discovery Inc., said in a letter to shareholders it plans an additional 1,600-person workforce reduction and a goal to achieve at least $3 billion in cost savings.See omnystudio.com/listener for privacy information.

Nvidia & CoreWeave Revive AI Jitters; Paramount Skydance Soars; Xpeng Rallies
On this episode of Stock Movers:- Shares of Nvidia (NVDA) slipped in the premarket session while shares of CoreWeave (CRWV) plummeted. The moves come as traders backed away from high-priced technology companies after SoftBank Group sold its entire Nvidia stake. The setback at CoreWeave, which rents out access to powerful artificial intelligence chips, gives investors another reason to worry about the strength of the tech industry at a time when there’s widespread anxiety over valuations. - Paramount Skydance (PSKY) shares soared in early trading after reporting financial results for the first time since a new investor group took over the media company in August. The media giant raised its target for job cuts and cost-saving measures. Paramount Skydance, which has been trying to buy rival Warner Bros. Discovery Inc., said in a letter to shareholders it plans an additional 1,600-person workforce reduction and a goal to achieve at least $3 billion in cost savings.- ADRs of Chinese EV maker Xpeng (XPEV) surged amid growing optimism over the Chinese electric carmaker’s progress in technologies including humanoid robots. The Hong Kong-listed shares rallied 18% on Tuesday to the highest level since July 2022. It was also their biggest one-day gain in over two years. The company’s American depositary receipts surged 16% on Monday, buoyed also by a broad advance in the US market. Xpeng’s recent showcase of cutting-edge technologies — from its IRON humanoid robot to robotaxis — has fueled investor enthusiasm about its potential beyond traditional electric vehicles. While these innovations have yet to translate into near-term earnings gains, they are reshaping market perceptions of Xpeng’s valuation.See omnystudio.com/listener for privacy information.

Vodafone Gains, Hilton Food Plunges, Adyen Gains
On this episode of Stock Movers:- Vodafone returned to growth in Germany, after bringing on 1&1 AG as a new wholesale customer in its biggest market.- Hilton Food shares fall as much as 25%, hitting their lowest level in a decade, after the group cut its full-year guidance.- Adyen shares rose as the Dutch payments company set long-term guidance for about 20% net sales growth in years after 2026.See omnystudio.com/listener for privacy information.

Vodafone Gains, Hensoldt Falls, Croda Dips
On this episode of Stock Movers:- Vodafone returned to growth in Germany, after bringing on 1&1 AG as a new wholesale customer in its biggest market.- Hensoldt shares fall as much as 9.3% as analysts find the German defense firm’s guidance for next year and for 2030 disappointing and say the company’s valuation is demanding.- Jefferies says looking for 2026 earnings support within the European chemicals space including companies such as Croda is “like searching for mirage in the desert.”See omnystudio.com/listener for privacy information.

CoreWeave Faces Earnings Pressure, Paramount Skydance Soars on Results
On this episode of Stock Movers:- CoreWeave (CRWV) reported narrower profit margins in the third quarter as the cloud computing company races to expand its infrastructure and serve more customers.The operating income margin was 4% in the period, the company said in a statement Monday. That missed an average analyst estimate of 6.5% and was lower than the year-earlier period. The tighter margins were a weak spot in an otherwise upbeat report. Revenue rose to $1.36 billion in the quarter, topping the $1.29 billion estimate. CoreWeave reported a loss of 22 cents a share, compared with the 57 cents that Wall Street projected. The shares fell about 3% in late trading after the report was published, reversing an earlier rise. The stock had more than doubled this year through the close.- Paramount Skydance (PSKY) reporting financial results for the first time since a new investor group took over the media company in August, raised its target for job cuts and cost-saving measures. The company, which has been trying to buy rival Warner Bros. Discovery Inc., said in a letter to shareholders it plans an additional 1,600 job cuts as part of a goal to achieve at least $3 billion in cost savings. The shares rose as much as 10% in extended trading before giving up about half that gain.See omnystudio.com/listener for privacy information.

Closing Bell: Palantir Higher, Centene and American Airlines Down Amid Gov. Shutdown
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 Carol Massar. On this episode of Stock Movers: - Palantir (PLTR) closed 8.81% higher. It was the best day for Palantir since April 9. Surf Air Mobility entered into a $100 million transaction combining new equity and convertible debt to fund development of its SurfOS software and refinance existing liabilities. This includes $6 million of new common equity to be issued to Palantir Technologies as prepayment for software and services. - Centene (CNC) was down by 8.8% at the close. Shares of other US health-care insurers and hospitals are falling as lawmakers draw closer to ending the government shutdown without securing an extension of Affordable Care Act subsidies. - American Airlines (AAL) closed lower after the company said weekend operations were challenging amid the government shutdown, canceling 1,400 flights and it saw over 57,000 delay minutes, according to an emailed statement by COO David Seymour. See omnystudio.com/listener for privacy information.

Nvidia Rallies and Centene Falls as Shutdown Nears End, Eli Lilly Gains
On this episode of Stock Movers: - Nvidia (NVDA) rallied along with other US stocks as investors expressed optimism that lawmakers were nearing a deal to end the government shutdown. The tech-heavy Nasdaq 100 Index rose 2.0% as hopes of an agreement helped advance several sectors. - Eli Lilly (LLY) shares gained as much as 6.2% to hit a record high, after Leerink Partners upgraded the pharmaceutical company to outperform from market perform. Eli Lilly also said it entered an AI-powered research and licensing pact. - Centene (CNC), Molina (MOH), and shares of other US health-care insurers and hospitals are falling as lawmakers draw closer to ending the government shutdown without securing an extension of Affordable Care Act subsidies.See omnystudio.com/listener for privacy information.

Tyson Foods Gains, Elf Beauty Sinks, Monday.com Falls After Narrowing Forecast
On this episode of Stock Movers:- Tyson Foods (TSN) shares gain after the company said it expects results for next year to be little changed as its beef segment continues to lose money. The company sees adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026, with the beef segment expected to see an adjusted operating loss of $400 million to $600 million next year.- Elf Beauty (ELF) shares sink after after the cosmetics company’s full-year outlooks for adjusted earnings per share and net sales both missed analysts’ estimates. While analysts are positive about sales growth at newly-acquired Rhode, Hailey Bieber’s beauty and skincare brand, they flag weakness in the company’s namesake products. - Monday.com (MNDY) shares fall after the software company narrowed its full-year revenue forecast. It also reported its third-quarter results.See omnystudio.com/listener for privacy information.

Monday.com Falls, United Airlines Drops, Treehouse Rises After Investindustrial Deal
On this episode of Stock Movers:- Monday.com (MNDY) shares fall after the software company narrowed its full-year revenue forecast. It also reported its third-quarter results.- United Airlines (UAL) shares drop as US airlines canceled at least 1,432 flights as of 7:15 a.m. Eastern time Monday, and the number is “growing,” according to aviation analytics company Cirium.- Treehouse (THS) shares rise after European buyout firm Investindustrial agreed to buy TreeHouse Foods Inc., the private-label food manufacturer, for $2.9 billion including debt.See omnystudio.com/listener for privacy information.

Metsera Tanks; Instacart Soars; Tyson Foods Rallies
On this episode of Stock Movers:- Metsera (MTSR) shares tank in premarket trading after Novo Nordisk A/S declined to further raise its offer for the US maker of an experimental weight-loss drug, bringing a bidding war with Pfizer Inc. to an end. Novo, the maker of Wegovy and Ozempic, decided to drop out of the running for Metsera on Saturday after Pfizer matched its latest offer in a takeover battle that had caused concern the bidders might be overpaying for an unproven asset. Adding to Novo’s obstacles, Metsera said it got a call from the US Federal Trade Commission flagging potential regulatory risks with the proposed Novo deal structure.- Instacart (CART) shares soared ahead of the US market open after the online grocery company reported third-quarter results that beat expectations, indicating that demand for its core grocery delivery service has been holding strong. Orders grew 14% to 83.4 million in the July-to-September period, the company said in a shareholder letter on Monday. Wall Street was expecting 82.9 million, according to Bloomberg-compiled estimates. Total revenue, which also includes sales from advertising and enterprise software for grocers, was $939 million, again beating expectations. - Tyson Foods (TSN) rallied in early trading despite the company saying it expects results for next year to be little changed as its beef segment continues to lose money, even as the Trump administration points to the meatpacking industry for driving up prices. The US’s biggest meatpacker sees adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026, compared to $2.29 billion this year. That’s as the beef segment is expected to see an adjusted operating loss of $400 million to $600 million next year, compared to $426 million this year.See omnystudio.com/listener for privacy information.

Nvidia Moves Higher; Pfizer in Shutdown Flux; Rumble Rises
On this episode of Stock Movers:- Nvidia (NVDA) shares are moving higher in the premarket session with the company paring some of its losses from last week. S&P 500 futures rose 1% after a group of Senate Democrats broke with their party on a procedural measure to help Republicans advance a funding bill. Nasdaq 100 contracts gained 1.5% after the underlying index suffered its worst week since April. Nvidia Corp. led gains among the Magnificent Seven tech stocks in premarket trading, rising more than 3%.- Shares of Pfizer (PFE) edge higher in early trading, despite concerns as the US government shutdown approaches a resolution with no deal regarding healthcare subsidies. Meantime, Novo Nordisk's (NOVO) weekend decision to exit the bidding war for Metsera (MTSR) clears the way for Pfizer's amended offer of $86.25 per share -- or a total of up to $10 billion, which now requires formal Metsera shareholder approval at a November 13th meeting. The implied 10.1x EV-to-2030 consensus sales multiple is at the top end of recent Pharma-Biotech deals and highlights the continued significant interest of large-cap Pharma in clinical-stage obesity assets.- Shares of YouTube competitor Rumble (RUM) soared ahead of the US market open, after the conservative video service agreed to push ahead with a deal for German data center operator Northern Data AG at a reduced price, after news of a tax probe jeopardized the transaction. Northern Data owners will receive 2.0281 Rumble Class A shares per share they tender, it said in a statement Monday. That’s equivalent to about $11.95 per share, or €10.32, using Rumble’s Friday closing price. Bloomberg News reported Sunday that the companies, which are both backed by stablecoin issuer Tether Holdings Ltd., were nearing a deal.See omnystudio.com/listener for privacy information.

Diageo Rises, JTC Down, ASML Gains
On this episode of Stock Movers:- Diageo named Dave Lewis, the former head of supermarket chain Tesco, as its new CEO as the maker of Guinness stout and Johnnie Walker seeks to reboot after a period of turmoil.- JTC, the London-listed provider of fund solutions and corporate services, agreed an offer from Private equity firm Permira to acquire it for £2.3 billion ($3 billion).- TSMC's October sales growth of 16.9% from a year earlier, released today, could be strong enough to boost ASML's lithography tool demand.See omnystudio.com/listener for privacy information.

Diageo Gains, Novo Rises, Siemens Energy Up
On this episode of Stock Movers:- Diageo named Dave Lewis, the former head of supermarket chain Tesco, as its new CEO as the maker of Guinness stout and Johnnie Walker seeks to reboot after a period of turmoil.- Novo Nordisk shares rose after the Danish drug-maker withdrew from a $10 billion takeover battle for obesity drug developer Metsera, clearing the way for Pfizer.- Siemens Energy shares continue to look undervalued, despite more than doubling since the start of the year, Jefferies writes in note as upgrades to buy from hold.See omnystudio.com/listener for privacy information.

Weekly Roundup: Musk's Massive Tesla Pay Package, Expedia Rises, Sweetgreen Plunges
- Tesla (TSLA) shares fell as much as 10% during trading on Friday after the EV maker's shareholders approved a massive pay package for Elon Musk. Elon Musk responded in kind to Tesla Inc. investors approving his $1 trillion compensation package, making a series of extravagant predictions about what the company will be capable of in the years to come. Tesla’s humanoid robot will progress from simple tasks, like handing out bags of candy, to performing surgery with “beyond human” levels of precision, the chief executive officer said Thursday.- Expedia (EXPE) raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Analysts expected a 4.6% rise, according to Bloomberg-compiled estimates. It also sees gross bookings growing 7%, again ahead of estimates and Expedia’s previous guidance. Shares of Expedia rose as much as 18% in extended trading. The stock has been up 18% so far this year through Thursday’s close.- Sweetgreen (SG) declared that its ripple fries would “redefine fast food.” Made with hand-cut potatoes, salt, potato starch and parsley, they were air-fried in avocado oil and sold as “Fries You Can Feel Good About.” They lasted five months before disappearing from the menu. The fries were too complicated to make, and customers weren’t keen on adding them to their lunch bowls for $4.95 anyway. After all, they were already paying more than if they’d gone elsewhere. The ripple fries debacle earlier this year is just one of many operational missteps that have now pushed Sweetgreen Inc.’s stock to its lowest depths ever. The shares fell as much as 17% on Friday, after having dropped 81% this year through Thursday’s close.See omnystudio.com/listener for privacy information.

Closing Bell: Expedia Rises, Block Drops, Sweetgreen Plunges
On this episode of Stock Movers:- Expedia (EXPE) delivered earnings yesterday and raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Analysts expected a 4.6% rise, according to Bloomberg-compiled estimates. It also sees gross bookings growing 7%, again ahead of estimates and Expedia’s previous guidance. Shares rallied as much as 18% in extended trading on Thursday and continued to rally on Friday.- Block (XYZ) saw its shares tumble today following earnings on Thursday. It raised its full-year profit forecast and posted strong growth in consumer banking, but its third-quarter revenues fell short of Wall Street’s expectations, a blow for one of the most closely watched fintech platforms. The fintech firm, which operates Cash App and Square, posted net revenue of $6.11 billion in the third quarter, falling short of the $6.34 billion consensus estimate. - Sweetgreen (SG) Sweetgreen declared that its ripple fries would “redefine fast food.” Made with hand-cut potatoes, salt, potato starch and parsley, they were air-fried in avocado oil and sold as “Fries You Can Feel Good About.” They lasted five months before disappearing from the menu. The fries were too complicated to make, and customers weren’t keen on adding them to their lunch bowls for $4.95 anyway. After all, they were already paying more than if they’d gone elsewhere. Shares slid in trading on Friday.See omnystudio.com/listener for privacy information.

Expedia Rises, Sweetgreen Falls, Wendy's Jumps On Better-Than-Expected Results
Sweetgreen (SG) falls after the restaurant chain cut its revenue guidance for the full year, missing the average analyst estimate. William Blair downgrades its rating on the stock.Expedia (EXPE) rises after the online travel agency’s results pointed to strong and resilient travel demand. Peer Airbnb (ABNB) also rallies after the company gave a better-than-expected outlook for the holiday quarter.Wendy’s (WEN) rises after the company reported sales beat estimates by declining less than expected in the third quarter, further evidence that fast food is winning as cash-strapped consumers cut back on spending.See omnystudio.com/listener for privacy information.

Expedia Rises, Airbnb Gains, Sweetgreen Falls After Rating Downgrade
On this episode of Stock Movers:- Expedia (EXPE) rises after the online travel agency’s results pointed to strong and resilient travel demand. Peer Airbnb (ABNB) also rallies after the company gave a better-than-expected outlook for the holiday quarter.- Airbnb Inc. (ABNB) rises after issuing a better-than-expected outlook for the holiday quarter, with a recently launched “reserve now, pay later” feature helping fuel demand in the US.- Sweetgreen (SG) falls after the restaurant chain cut its revenue guidance for the full year, missing the average analyst estimate. William Blair downgrades its rating on the stock.See omnystudio.com/listener for privacy information.

Expedia Soars Despite Grounded Flights; Sweetgreen Plunges; Wendy's Rallies
On this episode of Stock Movers:- Expedia (EXPE) shares rallied in the premarket session after the online travel agency’s results pointed to strong and resilient travel demand. The company raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Analysts expected a 4.6% rise, according to Bloomberg-compiled estimates- Sweetgreen (SG) shares plunged ahead of the US market open after the company cut its full-year outlook after third-quarter results unexpectedly worsened, with the salad chain citing stubbornly weak demand. The company now sees revenue in a range of $682 million to $688 million, according to a statement, below the previous range. It also lowered guidance for same-store sales, which measure established locations. Same-store sales in the third quarter fell 9.5%, deeper than the expected 6.3% decline. The drop was led by lower foot traffic and consumers opting for cheaper meal options, Sweetgreen said. It saw a slight benefit from higher prices during the quarter.- Shares of fast food giant Wendy's (WEN) rallied after reporting sales that beat estimate by declining less than expected in the third quarter - further evidence that fast food is winning as cash-strapped consumers cut back on spending. Sales from existing restaurants fell 3.7% in the third quarter, Wendy’s reported in a statement. That’s above average of analyst estimates. The company also maintained its outlook for the full year after slashing it twice in the previous two quarters.See omnystudio.com/listener for privacy information.