Stock Movers

On this edition of Stock Movers:- Salesforce (CRM) shares slumped today after the company projected lackluster quarterly sales growth, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped in the face of competition from emerging AI companies. Revenue will be $10.2 billion to $10.3 billion in the period ending in October, the company said Wednesday in a statement. Analysts, on average, estimated $10.3 billion. Current remaining performance obligations, a measure of bookings, will increase “slightly above” 10%, in line with analysts’ average projections. Investors have been increasingly anxious that incumbent software makers will be outshined by new AI-based vendors. Companies like Salesforce, which make applications that are charged per user, have faced the steepest skepticism because of the view that AI will take over some of the tasks they provide and reduce the workforce of their customers.- American Eagle (AEO) shares surged after the apparel company reported yesterday higher-than-expected quarterly sales and cited the success of its marketing campaign featuring Sydney Sweeney. “In just six weeks, the campaign has generated unprecedented new customer acquisition,” Chief Marketing Officer Craig Brommers said in a call with analysts. He said the company gained new shoppers in “every single county in the US” and saw sellouts of Sweeney’s signature jeans. "This momentum is national and it is pervasive,” he said. American Eagle shares gained as much as 34% on Thursday, the biggest intraday advance on record. The stock had declined 18% this year through Wednesday’s close. For the quarter ended Aug. 2, American Eagle reported same-store sales down 1%, surpassing the average analyst estimate compiled by Bloomberg. Revenue also outpaced expectations.- T. Rowe Price (TROW) shares rallied today after Goldman Sachs said it will invest as much as $1 billion in the asset manager. The unusual arrangement means Goldman will use its balance sheet to hold equity in T. Rowe, whose stock has tumbled more than 50% from its 2021 peak. The companies will collaborate on a range of investments for retirement savers and wealthy investors, they said in an emailed statement. Goldman will make “a series of open-market purchases” to amass up to 3.5% of T. Rowe’s stock, potentially making the Wall Street bank one of its five biggest shareholders, according to the statement. It will be Goldman’s only investment in an outside asset management firm. The tie-up is the latest sign that the biggest financial firms are competing hard to win over wealthy Americans and those with 401(k) plans on the merits of private equity, credit and infrastructure strategies.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- HP Enterprise (HPE) shares rose after the company released earnings that expected narrower profit margins as it enters the next leg of AI-driven demand. 3Q net revenue at $9.14 billion beating estimates; 4Q adjusted EPS of 56c to 60c in line with forecasts. - C3 AI (AI) shares slumped after the software company forecast revenue for the second quarter that missed the average analyst estimate. It also named Stephen Ehikian as its new CEO, replacing founder Tom Siebel, who will remain executive chairman. - American Eagle (AEO) shares surged after the company reported higher-than-expected quarterly sales and cited the success of its marketing campaign featuring Sydney Sweeney. Shortly after news of Kelce’s engagement to pop star and billionaire Taylor Swift broke, American Eagle announced a collaboration with his brand Tru Kolors.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Salesforce (CRM) sales have declined after projected quarterly sales growth that was lackluster, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped. The company's shares fell before markets opened in New York, as investors have been anxious that incumbent software makers will be outshined by new AI-based vendors.- American Eagle (AEO) shares are higher after the clothing retailer reported better-than-expected 2Q revenue, boosted by demand following its Sydney Sweeney ad campaign. It also gave comparable sales guidance for fiscal 2025. - Goldman Sachs (GS) will invest as much as $1 billion in T. Rowe Price Group Inc. and team up with the asset manager to sell private-market products to retail investors. The companies will collaborate on a range of investments for retirement savers and wealthy investors, with Goldman making a series of open-market purchases to amass up to 3.5% of T. Rowe’s stock. The partnership is part of a broader trend of financial firms competing to win over wealthy Americans and those with 401(k) plans with private equity, credit and infrastructure strategies.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Salesforce (CRM) sales have declined after projected quarterly sales growth that was lackluster, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped. The company's shares fell before markets opened in New York, as investors have been anxious that incumbent software makers will be outshined by new AI-based vendors.- Hewlett Packard (HPE) shares are higher after it gave a profit outlook for the current quarter that was in line with expectations, with earnings excluding some items expected to be 87 cents to 97 cents a share. HPE has adjusted to use manufacturing facilities outside of China for almost all of its products sold in North America to cope with the effects of tariffs, and the company has increased some prices.- American Eagle (AEO) shares are higher after the clothing retailer reported better-than-expected 2Q revenue, boosted by demand following its Sydney Sweeney ad campaign. It also gave comparable sales guidance for fiscal 2025.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Sanofi’s experimental drug for the skin condition atopic dermatitis disappointed investors in a late stage trial, after the benefit of the drug was less than expected. - Jet2 fell 25%. Trading volume was six times the average for this time of day. The stock reversed the previous session's gain.- A year after losing its spot in Britain’s blue-chip benchmark, Burberry is returning to the UK’s stock-market elite. The luxury-goods maker, best known for its tartan-plaid trench coats, will rejoin the FTSE 100 Index later this month, index compiler FTSE Russell said Wednesday.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Alphabet (GOOGL) shares hit a record high after Google avoided a breakup after a US judge ruled against the government’s most onerous proposals, including a forced sale of its Chrome browser, another court victory for Big Tech in the biggest antitrust case in three decades. AI models represent a long-term threat to the search industry as chatbots and other generative AI technologies become more advanced and behave more like search engines, Judge Amit Mehta said on Tuesday. Still, the Alphabet Inc. company will have to make some concessions, including sharing online search data with rivals and ending exclusive contracts for distribution. “The emergence of GenAI changed the course of this case,” Mehta wrote in the judgment. The ruling represents a setback for the US government in its bid to curb the power of the biggest US tech companies, falling far short of the most severe remedies sought by antitrust enforcers. The finding follows the Washington-based judge’s ruling last year that Google illegally monopolized the markets for online search and search advertising. Mehta held a three-week hearing in April to determine a fix.- Apple (APPL) shares are up today. The iPhone maker announced that they are planning to launch its own artificial intelligence-powered web search tool next year, stepping up competition with OpenAI and Perplexity AI Inc. The company is working on a new system — dubbed internally as World Knowledge Answers — that will be integrated into the Siri voice assistant, according to people with knowledge of the matter. Apple has discussed also eventually adding the technology to its Safari web browser and Spotlight, which is used to search from the iPhone home screen. Apple is aiming to release the service, described by some executives as an “answer engine,” in the spring as part of a long-delayed overhaul to Siri, said the people, who asked not to be identified because the plans haven’t been announced. The idea is to make Siri and Apple’s operating systems a place where users can look up information from across the internet — in a similar fashion to ChatGPT, AI Overviews in Google Search and a crop of new apps. The approach will rely on large language models, or LLMs, a key technology underpinning generative AI.- Salesforce (CRM) shares fell after the company projected lackluster quarterly sales growth, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped amid competition from emerging AI companies. Revenue will be $10.2 billion to $10.3 billion in the period ending in October, the company said Wednesday in a statement. Analysts, on average, estimated $10.3 billion. Current remaining performance obligations, a measure of bookings, will increase “slightly above” 10%, in line with analysts’ average projections. Investors have been increasingly anxious that incumbent software makers will be outshined by new AI-based vendors. Companies like Salesforce, which make applications that are charged per user, have faced the steepest skepticism because of the view that AI will take over some of the tasks they provide and reduce the workforce of their customers.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, Carol Massar and Tim Stenovec.- Salesforce (CRM) projected lackluster quarterly sales growth, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped amid competition from emerging AI companies. Revenue will be $10.2 billion to $10.3 billion in the period ending in October, the company said Wednesday in a statement. Analysts, on average, estimated $10.3 billion. Current remaining performance obligations, a measure of bookings, will increase “slightly above” 10%, in line with analysts’ average projections. Shares initially fell in aftermarket trading.- Google parent Alphabet (GOOG) avoided a breakup after a US judge ruled against the government’s most onerous proposals, including a forced sale of its Chrome browser, another court victory for Big Tech in the biggest antitrust case in three decades. The shares jumped on the news yesterday and continued to rally today, hitting a record high. - HP (HPE) gave a disappointing earnings forecast for the current period, renewing concerns about tightening margins in the server computer industry. Profit will be 56 cents to 60 cents a share in the October quarter, excluding some items, the company said in a statement Wednesday. The midpoint of that range was short of the 59 cents analysts had projected. HPE predicted sales of $9.7 billion to $10.1 billion, compared with an estimate at the top end of that range. Shares initially fell in afterhours trading.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Alphabet (GOOGL) shares jumped to a record high today after a US judge ruled against the government’s most onerous proposals, including a forced sale of its Chrome browser, another court victory for Big Tech in the biggest antitrust case in three decades. AI models represent a long-term threat to the search industry as chatbots and other generative AI technologies become more advanced and behave more like search engines, Judge Amit Mehta said on Tuesday. Still, the Alphabet Inc. company will have to make some concessions, including sharing online search data with rivals and ending exclusive contracts for distribution. “The emergence of GenAI changed the course of this case,” Mehta wrote in the judgment. The ruling represents a setback for the US government in its bid to curb the power of the biggest US tech companies, falling far short of the most severe remedies sought by antitrust enforcers. The finding follows the Washington-based judge’s ruling last year that Google illegally monopolized the markets for online search and search advertising. Mehta held a three-week hearing in April to determine a fix. - Tyson Foods (TSN) shares are down today. The company said its supply chain chief left the company after violating internal rules, marking the second senior executive departure for improper behavior in just over a year. Chief Supply Chain Officer Brady Stewart is departing the US meat giant after taking certain actions that violated its code of conduct, Springdale, Arkansas-based Tyson said in a statement late Tuesday. The company didn’t provide further details on his actions in the statement, and representatives didn’t immediately respond to a request for comment. Tyson also appointed Devin Cole, the head of its poultry business as chief operating officer, with the US meat giant signaling more management changes associated with its succession planning.- Campbell's (CPB) shares rose today after the food company’s earnings beat estimates as Milano cookies helped its snacks business outperform. Adjusted earnings per share of 62 cents topped the 56-cent estimate. The Pepperidge Farm owner’s organic snack sales declined 2% in the quarter, less than half the rate analysts anticipated. “In cookies, we gained share as we grew consumption during the quarter, outperforming the category through successful innovation launches, most notably our Milano White Chocolate lineup” Chief Executive Officer Mick Beekhuizen said in a statement Wednesday.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Constellation Brands (STZ) shares fall after the alcohol beverage company cut its fiscal 2026 guidance, citing weak consumer demand. President and CEO Bill Newlands noted a more pronounced decline in purchases of high-end beer among Hispanic consumers. - Lululemon (LULU) shares rise as the company is embarking on a big marketing shift by getting athletes to pull the company out of a sales rut. Ambassadors include American tennis star Frances Tiafoe, who wore Lululemon apparel at the US Open.- Tesla (TSLA) shares are up after 4 straight sessions of declines. Earlier this week, CEO Elon Musk tried to take the focus away from Tesla's car business and said the company will derive about 80% of its value from Optimus, the robot initiative he first touted four years ago.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Alphabet (GOOG) shares surge after a US judge ruled against the government's proposals to break up Google, including a forced sale of its Chrome browser, in the biggest antitrust case in three decades.- Dollar Tree (DLTR) shares sink after the company announced that their profit for the current quarter would be little changed, which overshadowed the discount chain boosting its annual outlook. - Campbell's (CPB) shares rise after the company reported earnings that beat estimates as Milano cookies helped its snacks business outperform.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Macy's (M) shares are getting a big bump from earnings. It raised its annual outlook and reported its best comparable sales growth in 12 quarters. The retailer now expects net sales of as much as $21.45 billion for the fiscal year and lifted its adjusted diluted EPS guidance. Despite the improved outlook, Macy's warned of a more cautious consumer in the second half of the year and quarterly revenue has fallen on an annual basis for 13 quarters in a row.- Google (GOOG) shares are higher this morning after a court win yesterday. A US judge ruled against the government's proposals to break up Google, including a forced sale of its Chrome browser, in the biggest antitrust case in three decades. Google will have to make some concessions, including sharing online search data with rivals and ending exclusive contracts for distribution, according to the judge's ruling. The ruling is seen as a setback for the US government in its bid to curb the power of Big Tech companies, with Google's shares jumping and the company praising the decision for recognizing the impact of AI on the search industry.- Starbucks (SBUX) shares are moving as it announces it will launch protein-boosted lattes and cold foam in the US and Canada on Sept. 29 as part of its menu modernization strategy.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Macy's (M) shares are getting a big bump from earnings. It raised its annual outlook and reported its best comparable sales growth in 12 quarters. The retailer now expects net sales of as much as $21.45 billion for the fiscal year and lifted its adjusted diluted EPS guidance. Despite the improved outlook, Macy's warned of a more cautious consumer in the second half of the year and quarterly revenue has fallen on an annual basis for 13 quarters in a row.- Dollar Tree (DLTR) erased earlier gains after it raised its outlook for 2025 as more consumers look for lower-priced goods. Dollar Tree, now sees net sales in a range of $19.3 billion to $19.5 billion in the current fiscal year, above the previous guidance of as much as $19.1 billion. The retailer’s stock rose about 1% in premarket trading on Wednesday. The company’s shares have climbed more than 48% this year through Tuesday’s close.- Google (GOOG) shares are higher this morning after a court win yesterday. A US judge ruled against the government's proposals to break up Google, including a forced sale of its Chrome browser, in the biggest antitrust case in three decades. Google will have to make some concessions, including sharing online search data with rivals and ending exclusive contracts for distribution, according to the judge's ruling. The ruling is seen as a setback for the US government in its bid to curb the power of Big Tech companies, with Google's shares jumping and the company praising the decision for recognizing the impact of AI on the search industry.- Apple (AAPL) shares are higher this morning even though they lost yet another top AI talent to Meta. However, it is gaining on tailwind from a federal judge ruling on Tuesday that Google isn’t required to sell its Chrome web browser. After the ruling, Bank of America analyst Wamsi Mohan raised the firm's price target on Apple (AAPL) to $260 from $250 and keeps a Buy rating on the shares.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Babcock is up on press reports that the UK is in advanced talks to build warships for Denmark and Sweden.- Adidas gets an upgrade to buy from hold at Jefferies following its “brutal” de-rating, while JPMorgan places the German company on a positive catalyst watch- M&G falls by as much as 3.8%, the most since April, as the UK asset manager’s first-half adjusted operating profit misses analyst forecasts.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Shares of Google parent Alphabet (GOOG) jumped late Tuesday after a federal judge said Google doesn’t have to sell its popular Chrome web browser in the Justice Department’s landmark antitrust case against the search engine. The ruling allows Google to avoid one of the most severe remedy requests from the US government after the court found the company had an illegal monopoly in the search market. Judge Amit Mehta did bar Google from entering into exclusive contracts for internet search. The finding follows Mehta’s ruling last year that Google illegally monopolized the markets for online search and search advertisements. Mehta held a three-week hearing in April to determine a fix. The order is one of the most monumental court decisions affecting the tech sector in more than a quarter century, and could offer a blueprint for other judges who may end up weighing similar choices in cases against Meta Platforms Inc., Amazon.com Inc. and Apple Inc. In another win for Google, the judge didn’t bar the company from making payments to third parties for default browser placement.- Apple (AAPL) shares also gained in late trading as a result of the federal judges ruling that Google isn’t required to sell its Chrome web browser. Though Judge Amit Mehta ruled in an antitrust case that Google can’t enter exclusive contracts for internet search, deals that make the search provider a default option in internet browsers are still allowed. “Google is permitted to pay browser developers, like Apple,” he said in the decision. However, the partner company must promote other search engines, offer a different option in various operating systems or in privacy mode, and are allowed to make changes to the default search settings annually, Mehta wrote. “Cutting off payments from Google almost certainly will impose substantial — in some cases, crippling — downstream harms to distribution partners, related markets, and consumers, which counsels against a broad payment ban,” he said. Apple currently favors the Google search engine by giving it the best placement in Safari search bar on computer and mobile devices. Users can opt to switch to Microsoft Corp.’s Bing, DuckDuckGo and other options. Apple also changed its iOS software two years ago to allow the use of a different search engine in private mode.- Nvidia (NVDA) closed below a key technical level for the first time since May as investors continue to rotate out of the leading maker of artificial intelligence chips. The stock fell 2% to $170.74 on Tuesday, a fourth straight negative session that took it below its 50-day moving average of $171.06. Breaking under this closely watched level is seen as a negative sign of near-term momentum trends.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 Eric Balchunas, Katie Griefeld, Carol Massar and Tim Stenovec Activist investor Elliott Investment Management has built a stake of about $4 billion in PepsiCo (PEP) with plans to call for changes at the struggling beverage maker. The position makes it one of PepsiCo’s largest investors, the activist said Tuesday in a letter to the company board of directors. PepsiCo said will review Elliott’s perspectives in the context of its growth strategy, which it said is positioned to accelerate growth and deliver long-term value for shareholders. The soda-and-snacks maker has struggled in the face of competitive pressure and changing consumer tastes, with its market value plunging more than 20% from a peak in May 2023. Kraft Heinz (KHC) plans to split into two separate companies, one selling Heinz ketchup and other iconic condiments, and the other including slower-growing grocery products. The goal of the split is to give the company's top-performing sauces and spreads more room to run, while allocating reliable cash flow to the slower-growing grocery staples. The separation will occur through a tax-free spinoff, with the two companies' names to be determined later, and is expected to close by the second half of 2026. Nvidia Corp. (NVDA) closed below its 50-day moving average of $171.06 for the first time since May as investors rotate out of the leading maker of artificial intelligence chips. The stock fell to $170.74 on Tuesday, a fourth straight negative session, with the next level of support seen at $160, followed by $145. Despite the recent drop, the stock remains up more than 80% off an April low and analysts see upside of more than 20% from current levels. See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- PepsiCo (PEP) shares jumped today after activist investor Elliott Investment Management has built a stake of about $4 billion in PepsiCo Inc., with plans to call for changes at the struggling beverage maker. The position makes it one of PepsiCo’s largest investors, the activist said Tuesday in a letter to the company board of directors. PepsiCo said will review Elliott’s perspectives in the context of its growth strategy, which it said is positioned to accelerate growth and deliver long-term value for shareholders. The soda-and-snacks maker has struggled in the face of competitive pressure and changing consumer tastes, with its market value plunging more than 20% from a peak in May 2023. In a presentation released Tuesday, Elliott outlined its plans for PepsiCo, which include potentially restructuring its beverage unit and reviewing its snacks offerings.- Constellation Brands (STZ) shares slumped today after the alcohol beverage company cut its fiscal 2026 guidance, citing weak consumer demand. Peers including Molson Coors, Anheuser-Busch ADRs, Boston Beer and Brown-Forman are also trading lower.- Kraft Heinz (KHC) shares are sliding today after news broke that the company plans to split into two separate companies, undoing a mega-deal ushered in a decade ago that turned the maker of Kraft Mac & Cheese into one of the largest packaged food sellers in the world. Following the breakup, one company will sell Heinz ketchup, other iconic condiments and boxed meals that comprise its fastest-growing global brands with $15.4 billion in annual sales. The other firm will include slower-growing grocery products, such as Oscar Mayer hot dogs and Lunchables, which currently generate revenue of $10.4 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- TSMC (ADRs) drop after the US has revoked Taiwan Semiconductor Manufacturing Co.'s authorization to freely ship essential gear to its main Chinese chipmaking base, potentially curtailing its production capabilities at that older-generation facility.- PepsiCo (PEP) shares rise after news that Activist investor Elliott Investment Management has built a stake of about $4 billion in PepsiCo Inc., with plans to call for changes at the struggling beverage maker.- Caterpillar (CAT) shares fall as Wall Street analysts continue to weigh in on the construction and mining equipment manufacturer’s expectations for tariffs to have an even greater impact on its business.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Constellation Brands (STZ) shares slide after the alcohol beverage company cut its fiscal 2026 guidance, citing weak consumer demand, which will hurt inventory rebalancing at the distributor level.- Elf Beauty (ELF) shares drop after Deutsche Bank downgraded the cosmetics company to hold from buy.- Frontier Group (ULCC) shares rise after Deutsche Bank raised the recommendation on low-cost carrier to buy from hold saying the firm is best-positioned to benefit from rival Spirit’s bankruptcy.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Kraft Heinz (KHC) shares are down after the company said it will separate into two publicly traded companies in a tax-free spinoff, aiming to simplify operations and boost shareholder value. The transaction is expected to close in the second half of 2026.- PepsiCo (PEP) are among the most active premarket shares and are rising after the Wall Street Journal reported Elliott Investment Management has taken a significant stake to become the consumer giant's top five active investors excluding index funds.- Klarna's shares are set to move as its IPO approaches. Klarna and some of its shareholders are seeking to raise as much as $1.27 billion as the financial-technology company revives a New York initial public offering. The company and some of its backers are offering 34.3 million shares for $35 to $37 apiece, with the IPO expected to price Sept. 9. Klarna plans to sell 5.6 million shares in the offering, and selling holders are set to offer 28.8 million shares, with the company aiming to list on the New York Stock Exchange under the symbol KLAR.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Kraft Heinz (KHC) shares are moving after the company said it will separate into two publicly traded companies in a tax-free spinoff, aiming to simplify operations and boost shareholder value. The transaction is expected to close in the second half of 2026.- Nvidia (NVDA) shares are down in the premarket. While there's no clear catalyst for the dip, fears over AI development in China and geopolitical and trade uncertainty could all weigh on the stock.- Air Lease Corp (AL) is moving on news the aviation finance firm built by industry pioneer Steven Udvar-Hazy, agreed to a $7.4 billion sale to a group led by Sumitomo Corp. and rival SMBC Aviation Capital. SShareholders of Los Angeles-based Air Lease will receive $65 a share in cash from the buyers, backed by entities affiliated with Apollo managed funds and Brookfield, according to a statement Tuesday. - Frontier Group (ULCC) jumped in the premarket after Deutsche Bank raised the recommendation on low-cost carrier to buy from hold saying the firm is best-positioned to benefit from rival Spirit’s bankruptcy.- Tesla (TSLA) shares are also lower as world leaders in Asia meet in Beijing amid concern over US tariffs. President Vladimir Putin appears to have secured a diplomatic win with a massive pipeline deal that would tie Russia and China together for decades and could redefine the global gas trade.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Nestlé dismissed Chief Executive Officer Laurent Freixe after only a year due to an undisclosed workplace affair, extending the management turmoil at the world’s biggest food company that’s known for its conservative corporate culture. Nestlé shares fell as much as 3.6% in early Zurich trading on Tuesday, and they’re down 19% over the past 12 months.- The profit expectations for British American Tobacco’s new category businesses are “seriously overblown,” RBC writes in note as downgrades to underperform from sector perform. The stock declines as much as 2.8%.- HSBC analyst Erwan Rambourg raised the recommendation on LVMH Moet Hennessy Louis Vuitton SE to buy from hold. LVMH shares rose as much as 3%.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Defence stocks Rolls-Royce and BAE Systems are helping provide a sizeable boost to the FTSE 100 as trading gets underway.Norway has picked the UK as the supplier of frigates for its navy, in what would be the biggest ever investment in the Nordic country’s defense. It would also support 4,000 jobs in the UK, more than half of them at BAE Systems' Glasgow shipyards. - The growth outlook for Tesco remains intact, JPMorgan writes in note as it places the retailer on a positive catalyst watch ahead of first-half earnings on Oct. 2.- Orsted shares gain as much as 4.7% after Equinor decided to support the proposal to strengthen the offshore wind company’s balance sheet. Meanwhile, BofA cut its price target on Orsted to a new street low citing US uncertainty.See omnystudio.com/listener for privacy information.

On the edition of Stock Movers:- Wynn Resorts (WYNN) was among the week's biggest movers. It rose this week after UBS raised its recommendation to buy from neutral, citing growing appreciation for its Al Marjan project. - eBay (EBAY) shares fell this week as Wall Street anticipated the end of the de minimis tariff exemption. De minimis, a US trade provision dating to the 1930s, which eventually cleared the way for more than a billion small parcels each year, ended Friday. While winners and losers are emerging, the extra time, paperwork and money are gumming up the gears of global e-commerce and adding a fresh layer of confusion in President Donald Trump’s reordering of international trade. The value of goods subject to the “de minimis” tariff exemption — from Latin meaning “too small to matter” — has been $800 since 2016, very generous by global standards. The number of small packages entering the US duty-free exploded to nearly 1.4 billion last year, a 600% increase over the prior decade, according to US Customs and Border Protection. An estimated three-quarters or more came from China, with a big share from SheIn Group and Temu. - Nvidia (NVDA) was one of Wall Street's biggest stories this week. The the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Kraft Heinz (KHC) shares rose after the Wall Street Journal reported it could be announcing a breakup as soon as next week. - Dell (DELL) shares declined after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins on the powerful machines that fell short of analysts’ estimates. The need for computing to run AI tools has led to a sales boom for makers of high-powered servers like Dell, Super Micro Computer Inc. and Hewlett Packard Enterprise Co. Investors have been concerned about the profitability of AI servers, however, which depend on expensive processors from companies such as Nvidia and Advanced Micro Devices. - Caterpillar (CAT) shares sunk after it warned investors it now expects tariffs to have an even greater impact on its business, costing as much as near $2 billion this year. The company is one of the world’s biggest makers of machinery for mining and construction. Tariffs already took a bite out of Caterpillar’s second-quarter results, with costs coming in at the top end of its estimated range disclosed in April.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: Alibaba ADRs (BABA) rose after the Chinese e-commerce giant reported a surge in revenue from China’s AI boom, helping offset a surprise drop in profit. Caterpillar (CAT) shares fell after the industrial giant warned that it faces a larger-than-anticipated tariff headwind of as much as $1.8 billion this year. Dell Technologies (DELL) shares down after the computer hardware and server company reported results that showed weakness in margins.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Dell (DELL) shares fell after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates.- Caterpillar (CAT) shares sink after the company warned investors that tariffs are now expected to have an even greater impact on its business, costing it as much as $1.8 billion this year.- Ulta (ULTA) shares fell after the company warned of a potential pullback by consumers. This offset the company’s move to boost its comparable sales forecast for the full year.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Autodesk (ADSK) is soaring after the software company reported second-quarter results that beat expectations and raised its full-year forecast on key metrics. Citi's research team wrote "this was “one of the strongest revenue/billings beat in years,” and reflects “signs of reaccelerating growth and faster profitability expansion.”- Dell Technologies (DELL) is lower despite beating estimates after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates. Dell booked $5.6 billion of AI server orders in the fiscal second quarter, which ended Aug. 1, down from $12.1 billion in the previous period, and the operating margin in Dell’s infrastructure unit was 8.8%, lower than analysts’ estimates of 10.3%.- Caterpillar (CAT) is lower after the industrial giant warned that it faces a larger-than-previously-anticipated tariff headwind. It now expects additional clarifications and tariffs announced since its second-quarter earnings release will have a net impact of about $500m to $600m for the third quarter, and about $1.5b to $1.8b for 2025.- Affirm (AFRM) shares are rallying after the financial technology company reported fourth-quarter results that beat expectations and gave an outlook that is seen as strong.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Autodesk (ADSK) is soaring after the software company reported second-quarter results that beat expectations and raised its full-year forecast on key metrics. Citi's research team wrote "this was “one of the strongest revenue/billings beat in years,” and reflects “signs of reaccelerating growth and faster profitability expansion.”- Dell Technologies (DELL) is lower despite beating estimates after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates. Dell booked $5.6 billion of AI server orders in the fiscal second quarter, which ended Aug. 1, down from $12.1 billion in the previous period, and the operating margin in Dell’s infrastructure unit was 8.8%, lower than analysts’ estimates of 10.3%.- Caterpillar (CAT) is lower after the industrial giant warned that it faces a larger-than-previously-anticipated tariff headwind. It now expects additional clarifications and tariffs announced since its second-quarter earnings release will have a net impact of about $500m to $600m for the third quarter, and about $1.5b to $1.8b for 2025.- Petco (WOOF) is higher this morning after the US pet food maker gave 3Q guidance that topped expectations and nudged up its outlook for 2026.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

- 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 millionSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.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 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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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".See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

- 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.See omnystudio.com/listener for privacy information.

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.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 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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 workflowsSee omnystudio.com/listener for privacy information.

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".See omnystudio.com/listener for privacy information.

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%.See omnystudio.com/listener for privacy information.

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.