Stock Movers

On this edition of Stock Movers:- McDonald's (MCD) shares are up today after sales picked up in the latest quarter, suggesting that pop culture-focused collaborations and budget meals are helping to offset diners’ economic anxiety. Global sales at restaurants open at least 13 months rose 3.8% in the second quarter, the company said Wednesday. That’s higher than the average estimate of analysts polled by Bloomberg. International markets led the company’s growth, while the US was slightly ahead of expectations as Americans spent more per trip. The results ended four quarters of declining or tepid growth as the burger chain dealt with an E. coli outbreak, backlash against American brands in the Middle East and consumer unease about the economy in response to President Trump’s trade disputes. Total guest counts around the world rose, Chief Executive Officer Chris Kempczinski said on call with analysts.- Snap (SNAP) shares tumbled after the owner of the Snapchat photo-sharing app acknowledged a slowdown in advertising revenue growth, due in part to a technical issue with its ad-buying tools earlier this year. The company on Tuesday reported second-quarter sales that were shy of Wall Street’s average estimate, and on a call with investors later said that ad revenue, which rose by 9% in the first quarter, is now gaining at a rate of 3% to 4%. Snap shares, which have fallen 13% so far this year, slid more than 17% in premarket trading on Wednesday after closing at $9.39 in New York. Revenue in the June quarter was crimped when the company shipped an update to its advertising auction that inadvertently allowed marketers to buy ads at “substantially reduced prices,” Snap said. That issue has been fixed, and “advertising revenue growth has improved,” Snap said in a letter to shareholders Tuesday. The company, which gets about 90% of its revenue from advertising, forecast overall sales in the current period that will likely be higher than analysts projected. - Lucid (LCD) shares are down after the electric vehicle maker reported earnings on Tuesday and missed second quarter estimates. Lucid trimmed its full-year production outlook, making the electric vehicle manufacturer the latest carmaker to temper expectations for the year. The company now expects to produce between 18,000 and 20,000 EVs in 2025, down at the midpoint from its earlier forecast for 20,000 vehicles, Lucid said as it reported second-quarter earnings on Tuesday. Although it didn’t immediately detail the reason for the change, the company faced a “challenging macroeconomic backdrop” in the most recent quarter, Chief Financial Officer Taoufiq Boussaid said in the statement.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - McDonald's (MCD) shares rise after sales picked up in the latest quarter, suggesting that pop culture-focused collaborations and budget meals are helping to offset diners’ economic anxiety. Global sales at restaurants open at least 13 months rose 3.8% in the second quarter, the company said Wednesday.  - Snap (SNAP) shares fall. The company's ad revenue growth rate slowed to 3% to 4% from 9% in the first quarter, and revenue in the June quarter was affected by an update that allowed marketers to buy ads at reduced prices. - Lucid (LCID) shares drop after the electric-vehicle maker lowered its production forecast for the full year and the company’s second-quarter results were worse than expectations. The company now expects to produce between 18,000 and 20,000 EVs in 2025, down at the midpoint from its earlier forecast for 20,000 vehicles, Lucid said.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Super Micro (SMCI) shares fall after the company lowered its fiscal-year revenue forecast to at least $33 billion, according to a statement. The company's revised fiscal-year outlook raises questions about its ability to capitalize on demand for artificial intelligence equipment with the latest Nvidia chips, as it has been struggling with margins. - Match (MTCH) shares rise after the company provided a better-than-expected third-quarter sales forecast, with expected revenue ranging from $910 million to $920 million. The company plans to invest $50 million in product development and marketing expenses for its dating apps, including Tinder and Hinge. - Walt Disney (DIS) shares fall after third quarter earnings. However, analysts noted strength in the company’s streaming business. Disney has been making a big push into streaming, with new projects built around its sports franchise ESPN and Hulu.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Snap (SNAP) shares are continuing their slide after the company reported a slowdown in advertising revenue growth due to a technical issue with its ad-buying tools. The company's ad revenue growth rate slowed to 3% to 4% from 9% in the first quarter, and revenue in the June quarter was affected by an update that allowed marketers to buy ads at reduced prices. Snap forecast overall sales in the current period that will likely be higher than analysts projected, and reported growth in its subscription business, with Snapchat+ reaching almost 16 million paying subscribers.- Disney (DIS) shares are lower despite an earnings beat. Disney raised its adjusted earnings per share guidance for the full year to $5.85 from $5.75 beating the average analyst estimate. The California-based entertainment giant also boosted its experiences operating income growth for fiscal 2025, a segment that includes the company’s cruises and theme parks offerings. However, revenue from conventional TV networks and sports programming fell short of Wall Street’s expectations.- Advanced Micro Devices (AMD) shares are lower after the company was unable to give a clear outlook for resuming sales in China. Chief Executive Officer Lisa Su said "As our licenses are still under review, we are not including any MI308 revenue in our third-quarter guidance" on a conference call with analysts.See omnystudio.com/listener for privacy information.

- Uber (UBER) shares are higher on an earnings beat and after it announced $20 billion in new stock buybacks after sharing a better-than-expected third-quarter forecast and quarterly results. Gross bookings will range from $48.25 billion to $49.75 billion for the three months ending September, according to Uber. Adjusted earnings before interest, taxes, depreciation and amortization for the second-quarter were a record $2.12 billion, ahead of the $2.09 billion that analysts had forecast.- - Disney (DIS) shares are lower despite an earnings beat. Disney raised its adjusted earnings per share guidance for the full year to $5.85 from $5.75 beating the average analyst estimate. The California-based entertainment giant also boosted its experiences operating income growth for fiscal 2025, a segment that includes the company’s cruises and theme parks offerings. However, revenue from conventional TV networks and sports programming fell short of Wall Street’s expectations. - Advanced Micro Devices (AMD) shares are lower after the company was unable to give a clear outlook for resuming sales in China. Chief Executive Officer Lisa Su said "As our licenses are still under review, we are not including any MI308 revenue in our third-quarter guidance" on a conference call with analysts.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Beiersdorf shares fell as much as 10% to their lowest level since November 2022, after the maker of personal care products reported weaker organic growth than expected and cut its full-year guidance, as a slowdown in the global skincare market hurt the Nivea brand. Analysts said the outlook cut was somewhat expected, but the magnitude is pressuring shares.- Hiscox shares rose as much as 15% to the highest since November 2019 after the insurance company reported first-half pretax profit that beat the average analyst estimate. Citi noted positives from the unexpected buyback increase and commentary on the outlook.- Glencore shares fell as much as 4.7% in London, to its lowest intraday level since July 1 after the miner reported adjusted Ebitda for the first half that missed the average analyst estimate. The miner also scrapped plans to move its primary listing away from London as the company looks to revive a share price that’s been weighed down by slumping coal prices and falling production.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, Sonali Basak, Carol Massar and Matt Miller.- Super Micro (SMCI) shares dropped after lowering its fiscal year sales forecast, suggesting the company continues to face uneven uptake of powerful AI servers amid a shift to products based on new Nvidia Corp. chips. The company said Tuesday that revenue in the year ending in June 2026 will be at least $33 billion. In February, Super Micro offered a bullish long-term outlook because of demand for AI products, saying sales will be $40 billion — then almost twice as much as analysts’ estimates for the current fiscal year.- Rivian (RIVN) forecast a larger adjusted loss this year than the electric vehicle maker expected previously, citing recent changes to stringent fuel economy rules in the US that threaten a key source of revenue. The adjusted loss before interest, taxes, depreciation and amortization this year will be $2 billion to $2.25 billion, the company said Tuesday. It had previously forecast a loss of no more than $1.9 billion by that measure, while Wall Street analysts had expected about $1.8 billion on average. Shares slid in the aftermarket.- Axon (AXON) shares soared in trading today and hit a record intraday high after the maker of Tasers and other public safety equipment reported second-quarter earnings per share that topped expectations. Analysts also noted strong bookings for the company’s AI plan.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Vertex Pharmaceuticals Inc. (VRTX) shares fell after an experimental pain drug failed to provide post-surgery benefits and US regulators said they didn’t see a path forward for broad use of its pill in treating a chronic pain condition. Vertex has been trying to diversify beyond its core business of cystic fibrosis treatments. A key part of has been its new non-opioid pain drug, Journavx, which got US regulatory clearance in January. It was the first new type of painkiller to reach the US market in more than two decades. Shares of Vertex fell as much as 18% on Tuesday, marking their biggest drop in five years and erasing the stock’s year-to-date gain.- Hims & Hers Health Inc.’s (HIMS) shares dropped in early trading Tuesday after the telehealth company missed second-quarter revenue estimates. The San Francisco-based company recorded sales of $545 million for the three months ended June 30, according to a statement, below Wall Street’s average estimate of $552 million. Hims reaffirmed its full-year revenue guidance of $2.3 billion to $2.4 billion. The company’s shares fell as much as 14% in early trading in New York Tuesday. The stock had risen more than 160% this year through Monday’s close.- Molson Coors (TAP) shares are up at the moment. The company did lower its full-year guidance for the second quarter in a row, citing continued pressure from a weak consumer, falling US market share and rising costs tied to aluminum tariffs. Executives on a call with investors pointed to sagging consumer confidence as the primary drag on demand, saying that sentiment declined in late January and hasn’t recovered. Company executives also said the economic slowdown has hit Hispanic and lower-income consumers the hardest. “We do see the Hispanic consumer is disproportionately impacted by the overall macro environment,” Chief Executive Officer Gavin Hattersley said. Those shoppers bought beer less often in the quarter and spent less when they did, with more of them picking up single cans instead of full packs.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Palantir (PLTR) shares rise after the company reported a 48% increase in revenue, citing the “astonishing impact” of AI. US government revenue climbed 53% while revenue from commercial contracts rose 93% for the year.- Coinbase (COIN) shares fall. Coinbase Global Inc. is marketing a two-tranche $2 billion convertible bond offering with a 0% coupon due in 2029 and 2032, according to people familiar with the matter. - Hims & Hers (HIMS) shares drop after the company reported revenue for the second quarter that missed the average analyst estimate.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Palantir (PLTR) shares rise after the company reported a 48% increase in revenue, citing the “astonishing impact” of AI. US government revenue climbed 53% while revenue from commercial contracts rose 93% for the year.- Caterpillar (CAT) shares fall after the company missed on EPS results as tariffs are biting into profitability. The company projected a net impact from incremental tariffs of around $1.3 billion to $1.5 billion for the full year. - Hims & Hers (HIMS) shares drop after the company reported revenue for the second quarter that missed the average analyst estimate.- Vertex (VRTX) shares plunge after its' experimental pain drug failed to benefit patients after surgery. US regulators said they didn’t see a path forward for broad use of its pill in treating a type of chronic pain.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Palantir Technologies (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business. The data software company also raised its revenue outlook for the full year to a range of $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.- Pfizer (PFE) raised its profit forecast for the year as the drugmaker’s ongoing cost cuts helped make up for a lack of sales growth. Adjusted profits will be between $2.90 to $3.10 per share in 2025, the New York-based company said in a statement Tuesday. Pfizer had previously expected adjusted earnings of $2.80 to $3 per share. The company maintained its revenue projections of between $61 billion and $64 billion for the year.- Yum! Brands (YUM) sales rose less than expected in the latest quarter after growth at Taco Bell and KFC was weaker than anticipated.Sales at established restaurants rose 2% from a year ago, the company said Tuesday, slightly below the average of analyst estimates. Slower growth at Taco Bell, which has helped power the company’s results in recent quarters with buzzy offerings and low prices, contributed to the miss.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Palantir Technologies (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business. The data software company also raised its revenue outlook for the full year to a range of $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion. - Pfizer (PFE) raised its profit forecast for the year as the drugmaker’s ongoing cost cuts helped make up for a lack of sales growth. Adjusted profits will be between $2.90 to $3.10 per share in 2025, the New York-based company said in a statement Tuesday. Pfizer had previously expected adjusted earnings of $2.80 to $3 per share. The company maintained its revenue projections of between $61 billion and $64 billion for the year. - Caterpillar (CAT) shares fall 4.1% premarket after the industrial giant reported adjusted earnings per share for the second quarter that missed the average analyst estimate.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - DHL gained as much 6.7%, the most since April, after the logistics giant posted a strong second-quarter earnings beat against somewhat muted expectations, with analysts citing its cost control as a key positive and reason for the beat. - Continental shares were down as much as 2.8% after the German firm reported adjusted Ebit for the second quarter that missed the average analyst estimate, with brokers citing tariff and FX-led tire division weakness. Still, analysts noted margin improvement in the autos segment to be spun off in September.  - BP stocks were up as much as 2.8% after the oil major reported adjusted net income for the second quarter that beat the average analyst estimate. The company also announced it will buy back $750 million of shares.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Palantir (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial technology on its business.The data software company also raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.The shares gained in extended trading after closing at $160.66 in New York. Denver-based Palantir has seen its stock price surge more than 500% over the past year — buoyed by high expectations from investors, growth in demand for AI tools and a deep reach into both the private and public sectors.- Spotify (SPOT) shares rose after the company announced it’s raising premium subscription prices across many markets outside the US. The Swedish music streaming company is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region, according to a statement on Monday. Over the next month, customers will receive an email outlining the new price plan. Subscription prices vary by country, but the statement included a sample email describing a price increase of €1 per month to €11.99 ($13.87).- Tyson (TSN)'s top boss said a long-awaited push to rebuild the US cattle herd will begin “in earnest” next year — though the meat producer doesn’t expect to benefit before 2028. Signs that ranchers are starting to retain heifers for breeding are setting a stronger outlook for Tyson’s money-losing beef business, even as it will take another couple of years for the move to translate into increased supplies of slaughter-weight animals, Chief Executive Officer Donnie King said on Monday. Rebuilding the US herd is essential for beef producers. For years, ranchers have slashed herd sizes due to high interest rates, expensive feed and persistent drought. That has created the worst shortage in decades, pushing cattle prices to record highs and squeezing profits as processors struggle to pass on higher costs to consumers. Shares rose during trading today.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, Carol Massar and Matt Miller.- Palantir (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial technology on its business.The data software company also raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.Denver-based Palantir has seen its stock price surge more than 500% over the past year — buoyed by high expectations from investors, growth in demand for AI tools and a deep reach into both the private and public sectors. Shares rose in afterhours trading.- Hims & Hers (HIMS) reported revenue for the second quarter that missed the average analyst estimate. The San Francisco-based company recorded sales of $545 million for the three months ended June 30, according to a statement, below Wall Street’s average estimate of $552 million. It reaffirmed its full-year revenue guidance of $2.3 billion to $2.4 billion. Shares dropped in post-market trading. - ON Semi (ON) reported adjusted earnings per share for the second quarter that matched the average analyst estimate.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- American Eagle (AEO) shares surged after US President Donald Trump came out in support of a controversial ad from the company. The spot, with the actress Sydney Sweeney, is the “HOTTEST ad out there,” Trump said in a social media post. He added American Eagle jeans are “flying off the shelves.” Trump deleted an earlier post, in which the actress’ first name was misspelled The stock jumped as much as 18%, the biggest gain intraday since May 12. Through last week’s close, the shares had declined 36% this year. The apparel retailer launched an ad blitz in July with the tagline “Sydney Sweeney Has Great Jeans.” One of the campaign’s videos plays on the same-sounding word “genes” as Sweeney zips up her jeans and intones that “genes are passed down from parents to offspring often determining traits like hair color, personality and even eye color.” “My jeans are blue,” she adds, flashing her blue eyes at the camera.- Joby Aviation (JOBY) said it plans to buy the helicopter rideshare business of Blade Air Mobility Inc. for as much as $125 million in stock or cash as the electric aviation firm seeks to expand its battery-powered air taxis into a ready-made market for its aircraft. The acquisition encompasses all of Blade’s passenger business, including operations in the US and Europe, as well as the Blade brand, Joby said in a statement, confirming an earlier report by Bloomberg. Blade’s medical division will remain a public company and rebrand, while partnering with Joby on medical transportation. Shares of Joby rose higher on the news.- Opendoor (OPEN) are rallying after the digital real estate firm regained compliance with the Nasdaq exchange. Opendoor said on Friday it received written notice from the Nasdaq Stock Market the the firm “has regained compliance with Nasdaq’s minimum bid price requirement”.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- American Eagle (AEO) shares rise after resident Donald Trump posted that "Sydney Sweeney, a registered Republican, has the “HOTTEST” ad out there. It’s for American Eagle, and the jeans are “flying off the shelves.”- Palantir (PLTR) shares gain. The data analytics company has earnings after the bell. BI noted that continued momentum in sales growth is needed to sustain Palantir's premium valuation among enterprise-software peers.- Tesla (TSLA) shares rise after the company approved an interim stock award worth about $30 billion for Chief Executive Officer Elon Musk to keep his attention on the automaker.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Spotify (SPOT) shares rise after the company raised premium subscription prices across many markets outside the US. Last week, Spotify had a disappointing earnings release, showing a 2Q loss due to high-than-expected expenses related to employee compensation.- Tyson Foods (TSN) shares gain. Tyson raised its earnings forecast after quarterly profit unexpectedly rose. A boom in US chicken continues to offset losses in the beef business. - Waifair (W) shares are up after a solid 2Q beat, with adj. EPS at 87c way above estimates for 33c. Bloomberg Intelligence says results suggest the worst is behind and the home-furnishing retailer may be on an upward trajectory.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Tesla (TSLA) share are higher as it approved an interim stock award of 96 million shares for Chief Executive Officer Elon Musk. The Tesla board emphasized the importance of retaining Musk at the helm, saying the reward was a first step 'good faith' payment to Musk. A special board committee has been exploring ways to offer Musk a new compensation agreement after his prior plan was voided by the Delaware Chancery Court.- Berkshire Hathaway (BRK.B) shares are lower after Warren Buffett’s company took a $3.8 billion impairment on its Kraft Heinz stake. Bloomberg Intelligence analyst Matthew Palazola writes Berkshire Hathaway’s diversity of operations should allow it to withstand emerging headwinds from US trade policies, lower interest rates and revisions to federal energy tax policy.”- Blade Air Mobility (BLDE) shares are higher on news Joby Aviation will acquire Blade Air Mobility’s urban air mobility passenger business for up to $125 million in stock or cash. The acquisition includes all of Blade’s passenger business, including operations in the US and Europe, as well as the Blade brand.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Berkshire Hathaway (BRK.B) shares are lower after Warren Buffett’s company took a $3.8 billion impairment on its Kraft Heinz stake. Bloomberg Intelligence analyst Matthew Palazola writes Berkshire Hathaway’s diversity of operations should allow it to withstand emerging headwinds from US trade policies, lower interest rates and revisions to federal energy tax policy.” - Tesla (TSLA) share are higher as it approved an interim stock award of 96 million shares for Chief Executive Officer Elon Musk. The Tesla board emphasized the importance of retaining Musk at the helm, saying the reward was a first step 'good faith' payment to Musk. A special board committee has been exploring ways to offer Musk a new compensation agreement after his prior plan was voided by the Delaware Chancery Court. - Boeing (BA) is lower after workers at Boeing's St. Louis-area defense factories are striking after union members rejected the company's modified contract offer. Tom Boelling, the union local's top official, said IAM District 837 members "deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense." Dan Gillian, a Boeing vice president, said the company is "prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers."See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Lindt shares fell 1.8% to 116,800 Swiss francs as traders had their first opportunity to react to US President Donald Trump’s punitive 39% export tariff on Switzerland. - Lloyds rose 6.8% after they won a major reprieve in a pivotal UK car finance case. After markets closed on Friday, the Supreme Court agreed that banks should only pay compensation in the most serious cases of motor finance misselling, overturning most of a lower court ruling that last year had sent shares in affected banks spiraling. - Air France-KLM was up 7.7% after it was raised to equal-weight at Barclays. It reported earnings that topped and sales that trailed estimates for the quarter on July 31.See omnystudio.com/listener for privacy information.

Meta Platforms Inc. is taking advantage of its lucrative advertising business and stepping up spending next year, with executives saying now is the time to seize on investment opportunities in artificial intelligence.   Investors cheered the plan, sending shares up as much as 12% to $779.34 after markets opened in New York on Thursday, marking a record high. The social media giant reported second-quarter earnings on Wednesday that beat Wall Street estimates and forecast better-than-expected results for the current quarter.   For more on Meta's earnings, Paul Sweeney and Norah Mulinda speak with Bloomberg Tech Reporter Kurt Wagner.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers: - Carvana (CVNA) shares notched an all-time high this week — rising more than 10,000% from a low in late 2022 — and delivering a blow to investors betting against the online used-car dealer. The jump to record caps a roller-coaster ride for the stock that quickly became an investor darling after a public debut in 2017, but has also been plagued by criticisms ranging from claims that the company was overvalued and allegations of lax business practices. The latest gains came after the company’s blockbuster second-quarter results on Wednesday fueled expectations that a turnaround is taking hold at the embattled company. - Microsoft (MSFT) has become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street’s expectations, sending the stock soaring Thursday. Shares of the technology behemoth jumped, pushing its market value to $4.1 trillion. Nvidia Corp. became the first company to hit the milestone earlier this month. The company’s latest results confirmed that it’s a leader in the artificial intelligence boom that’s lifted megacap tech stocks, and the broader market, for the last few years. Microsoft reported better-than-expected growth in its cloud business, and its closely-watched Azure cloud-computing unit posted a 39% rise in sales, handily beating the 34% analysts expected.  - Figma (FIG) shares jumped 250% in their public debut after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe. The company sold 12.47 million shares in the IPO, which priced Tuesday, while investors including Index Ventures, Greylock Partners and Kleiner Perkins sold 24.46 million shares. The trading gives Figma a market value of nearly $55 billion, based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, and restricted stock units for Chief Executive Officer Dylan Field, which are subject to vesting conditions, the fully diluted value is well above $65 billion.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 Matt Miller, Katie Greifeld, Carol Massar and Tim Stenovec.- Apple (AAPL) shares slid despite delivering strong earnings as markets traded lower today. The iPhone-maker reported its fastest quarterly revenue growth in more than three years, easily topping Wall Street estimates, after demand picked up for the iPhone and products in China. Revenue rose 9.6% to $94 billion in the fiscal third quarter, which ended June 28, the company said in a statement Thursday. Analysts estimated $89.3 billion on average, according to data compiled by Bloomberg. Apple also predicted that fourth-quarter revenue would be up by a percentage in the mid- to high-single digits — better than the 3% that analysts had forecast.- Amazon (AMZN) dropped after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, leaving investors searching for signs that the company’s huge investments in artificial intelligence are paying off. Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, on average, expected $173.2 billion.- Figma (FIG) shares were volatile in their second trading day, rising as much as 333% above the initial public offering price before paring gains.The San Francisco-based company’s stock traded at $126.07 each as of 10:35 a.m. on Friday in New York, versus the IPO price of $33 per share. Figma’s stock had jumped 250% on Thursday, in the largest first-day pop in at least three decades for a US-traded company raising more than $1 billion, data compiled by Bloomberg show.The company and some of its shareholders raised $1.2 billion in an IPO, pricing the stock on Wednesday above the marketed range. The trading gives Figma a market value of $61.5 billion, based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, and restricted stock units for Chief Executive Officer Dylan Field, which are subject to vesting conditions, the fully diluted value is roughly more than $73 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Figma (FIG) shares surge. The design software maker and some of its shareholders raised $1.2 billion in the firm’s blockbuster initial public offering. The blowout IPO gives co-founder Dylan Field a fortune of $6.1 billion, putting him on the verge of being ranked among the world’s 500 richest people, according to the Bloomberg Billionaires Index- Moderna (MRNA) shares fall as its' second-quarter loss was narrower than Wall Street expected as the company cuts costs to offset waning sales of its Covid shot. Moderna also lowered the high end of its revenue forecast for this year.- Coinbase (COIN) shares fell after the largest US crypto exchange reported lower-than-estimated second-quarter revenue amid a drop in digital-asset market volatility. According to John Todaro, senior analyst at Needham & Company, LLC, Coinbase "missed on the Street consensus" due to a mix shift in volume with retail trading being "much weaker" than expected. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Amazon (AMZN) shares fall after the company reported weaker-than-expected operating income. Amazon spent a record $31.4 billion on capital expenditures in the quarter, up about 90% from the same period a year earlier- Apple (AAPL) shares rise. CEO Tim Cook said the company saw an acceleration of growth around the world, including in Greater China and EM. 4Q revenue growth was seen in the mid to high single digits. That's better than the 3% that analysts had forecasted.- Kimberly Clark (KMB) shares jump after reporting the strongest volume growth in five years. Organic sales jumped 3.9% in the second quarter after consumers cut back in the first quarter amid tariff concerns.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Apple (APPL) shares are rising after the company reported third-quarter results that beat on key metrics, notably iPhone revenue and revenue from the greater China region. It also gave a sales outlook that is stronger than expected. CEO Tim Cook said the company saw an acceleration of growth around the world, including in Greater China and many emerging markets, and that services were a bright spot, topping Wall Street projections.- Amazon (AMZN) shares are lower after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals. CEO Andy Jassy said it was "very early days" in artificial intelligence, and that the company's efforts to lower the costs of running AI applications would draw more customers over time.- ExxonMobil (XOM) shares are also higher after it posted better-than-expected results due to robust oil production from the Permian Basin and Guyana, despite lower crude prices. CEO Darren Woods said Exxon sees continued growth in the Permian, and the company is focused on "creating value" through acquisitions that combine companies.- Chevron (CVX) is higher after it outperformed expectations and raised its cash flow outlook after boosting oil production to a record. Chevron warned that crude prices are in danger of falling in coming months due to supply increases from OPEC and its allies.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:   - Apple (APPL) shares are rising after the company reported third-quarter results that beat on key metrics, notably iPhone revenue and revenue from the greater China region. It also gave a sales outlook that is stronger than expected. CEO Tim Cook said the company saw an acceleration of growth around the world, including in Greater China and many emerging markets, and that services were a bright spot, topping Wall Street projections.   - Amazon (AMZN) shares are lower after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals. CEO Andy Jassy said it was "very early days" in artificial intelligence, and that the company's efforts to lower the costs of running AI applications would draw more customers over time.   - ExxonMobil (XOM) shares are also higher after it posted better-than-expected results due to robust oil production from the Permian Basin and Guyana, despite lower crude prices. CEO Darren Woods said Exxon sees continued growth in the Permian, and the company is focused on "creating value" through acquisitions that combine companies.   - Chevron (CVX) is higher after it outperformed expectations and raised its cash flow outlook after boosting oil production to a record. Chevron warned that crude prices are in danger of falling in coming months due to supply increases from OPEC and its allies.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Novo Nordisk shares dropped as much as 4.4% after US President Donald Trump demanded drug companies lower US prices. The pharmaceutical company is down more than 30% this week, heading for the stock’s worst week on record.- IAG stocks rose to their highest since early 2020 after the company predicted total fuel cost of €7.1 billion ($8.1 billion) this year, down from a previous forecast of €7.5 billion as the airline group benefits from falling oil prices. - Campari shares gained as much as 8.8%, the most since April, after the Italian spirits maker reported first-half results. Adjusted Ebitda and sales for the period beat consensus estimates and the company left its full-year guidance unchanged, with analysts noting better-than-expected profitability.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Apple (AAPL) shares are surging after the iPhone maker reported third-quarter revenue that handily topped analysts’ estimates, boosted by surprisingly strong sales of the iPhone and products in China. Revenue rose 9.6% to $94 billion in the period, which ended June 28, the company said in a statement Thursday. Analysts estimated $89.3 billion on average, according to data compiled by Bloomberg. Apple had projected a $900 million headwind from tariffs during the period, saying that revenue would grow in the low- to mid-single digits. Though US tariffs are still expected to weigh on results in the long run, they likely provided a boon to Apple in the latest period — with consumers rushing to stores to get out ahead of expected price increases. The company also has been staging a comeback in China, a market where local phone brands have made inroads with consumers. Services were another bright spot for Apple last quarter, topping Wall Street projections.- Amazon (AMZN) shares fell in after hours trading. The company's projected operating income in the current quarter that fell short of analysts’ estimates, worrying investors that the tech giant is spending too much to keep up with competitors in the race for artificial intelligence. Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, on average, expected $173.2 billion. Chief Executive Officer Andy Jassy is engaged in an AI infrastructure arms race with Microsoft Corp. and Alphabet Inc. that requires heavy spending on data centers. Both of those rivals reported strong earnings earlier this week showing they are benefiting from the AI boom. In the second quarter, revenue jumped 13% to $167.7 billion, handily beating estimates. But Amazon Web Services, the largest seller of rented computing power, gained just more than 17% to $30.9 billion, just ahead of analysts’ average estimate of $30.8 billion.- Reddit (RDDT) shares jumped after the company reported its most profitable quarter to date and projected third-quarter sales that far surpassed analyst expectations, signaling the strength of its growing advertising business. Sales for the current quarter are expected to be between $535 million and $545 million, Reddit said in a statement Thursday, with the midpoint of that range exceeding the average Wall Street estimate of $473 million. Net income was $89 million, more than double the $36 million average analyst estimate.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 Griefeld, Carol Massar and Tim Stenovec.- Amazon (AMZN) projected operating income in the current quarter that fell short of analysts’ estimates, worrying investors that the tech giant is spending too much to keep up with competitors in the race for artificial intelligence. Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, on average, expected $173.2 billion. Revenue at Amazon Web Services, the largest seller of rented computing power, gained just more than 17% to $30.9 billion, just ahead of analysts’ average estimate of $30.8 billion. Chief Executive Officer Andy Jassy is juggling several challenges. He’s engaged in an AI infrastructure arms race with Microsoft Corp. and Alphabet Inc. that requires heavy spending on data centers. Walmart Inc. has emerged as a tough e-commerce rival, especially when competing for price-conscious shoppers looking for household essentials amid the trade war and tariff uncertainty.- First Solar (FSLR) posted second-quarter earnings above analysts' expectations and raised its 2025 revenue guidance. The solar energy company reported $341.9 million in net income, or $3.18 a share, down from $349.4 million, or $3.25 a share, a year earlier. First Solar posted $1.1 billion in revenue, up from $1.01 billion the year prior. Analysts were expecting revenue of $1.04 billion. The company said the revenue gains were fueled by an increase in sales volume of solar modules to third parties. The company upped its full-year revenue guidance to be between $4.9 billion and $5.7 billion, up from $4.5 billion to $5.5 billion. It also narrowed its earnings guidance to a range of $13.50 to $16.50 a share, from $12.50 to $17.50.- Reddit (RDDT) shares jumped after the company reported its most profitable quarter to date and projected third-quarter sales that far surpassed analyst expectations, signaling the strength of its growing advertising business. Sales for the current quarter are expected to be between $535 million and $545 million, Reddit said in a statement Thursday, with the midpoint of that range exceeding the average Wall Street estimate of $473 million. Net income was $89 million. Reddit, which went public in March 2024, has been investing in advertising technology, hoping to grow its share of the digital advertising business dominated by industry giants Meta Platforms Inc. and Alphabet Inc.’s Google. Reddit’s advertising revenue is currently driven by a small number of large companies, but the company has been focused on attracting more small- and medium-sized advertisers to reduce risk. The forum site is also building relationships internationally to diversify its roster of advertisers, said Jennifer Wong, Reddit’s chief operating officer, in an interview.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Meta Platforms (META) shares are surging today. This comes after the company reported earnings after the bell yesterday and blew out second quarter earnings expectations. Meta is taking advantage of its lucrative advertising business and stepping up spending next year, with executives saying now is the time to seize on investment opportunities in artificial intelligence. Investors cheered the plan, sending shares up as much as 12% to $779.34 after markets opened in New York on Thursday, marking a record high. The social media giant reported second-quarter earnings on Wednesday that beat Wall Street estimates and forecast better-than-expected results for the current quarter. “We really believe that this is a time for us to really make investments in the future of AI, as I think it will open up both new opportunities for us in addition to strengthen our core business,” Chief Financial Officer Susan Li told investors during a call after the results were announced. Meta executives underscored that its evolving AI technology, which has been integrated into its ads products, is already producing “meaningful” revenue.- eBay (EBAY) shares jumped after the company projected sales that topped analysts’ estimates, suggesting optimism for continued consumer resilience at a time of shifting US tariff proposals. Revenue will be $2.69 billion to $2.74 billion in the period ending in September, the company said Wednesday in a statement. Profit, excluding some items, will be $1.29 to $1.34 a share. Analysts, on average, estimated sales of $2.65 billion and per-share earnings of $1.31, according to data compiled by Bloomberg. Investors have been seeking clues about how consumers are reacting to President Donald Trump’s trade war, which is expected to fuel inflation. eBay has seen the sale of used and refurbished goods grow faster than other categories with shoppers eager to save money.- Shake Shack (SHAK) shares slumped after the company forecast third-quarter revenue that fell below expectations, pointing to inflation and cautious diners. The burger chain said it expects the metric to be between $358 million and $364 million, just shy of the average estimate of analysts polled by Bloomberg. Shake Shack said its outlook factors in a “degree of pressure on the consumer spending landscape and ongoing inflationary headwinds.” The New York-based company has pledged to ramp up the pace of new product launches and increase advertising, while scrutinizing its supply chain to keep a lid on costs. The company said that its efforts are showing promise, though it hasn’t yet been enough to offset the economic anxiety that has hit restaurant visits.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Meta (META) shares surge after reporting second-quarter earnings, stating they plan to increase spending next year, with executives saying now is the time to seize on investment opportunities in artificial intelligence.- eBay (EBAY) shares rise after the company projected sales that topped analysts’ estimates, suggesting optimism for continued consumer resilience at a time of shifting US tariff proposals.-Carvana (CVNA) shares jump after they reported revenue during the second quarter that exceeded the average analyst estimate. The company also posted a sixfold increase in net income and record quarterly sales of used vehicles.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Meta (Meta) shares rose after a massive earnings beat. Meta also lifted the low end of its forecast for 2025 capital expenditures, while also providing early steer on 2026 spending.- Microsoft (MSFT) shares gain after the closely watched Azure division posted a 39% rise in sales, above estimates. Capex during the recently completed quarter of $24.2 billion was a record.- Qualcomm (QCOM) shares drop as the company is under pressure after giving a mixed outlook for phone and automation markets. This reignited concerns that tariffs will take a toll on the industry.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Eli Lilly (LLY) shares are moving on news the company's diabetes drug Mounjaro was as good at preventing heart attacks and strokes as its older medicine Trulicity in a head-to-head study. According to Bloomberg Intelligence analyst Michael Shah, the study's results will "likely be received negatively by the market" because Mounjaro was not meaningfully better than Trulicity.- AbbVie (ABBV) shares are getting a lift after AbbVie raised its full-year profit forecast due to booming sales from newer immunology drugs that beat Wall Street's estimates. The company's quarterly sales were $15.42 billion, above the average analyst estimate of $15 billion, with adjusted earnings of $2.97 a share, a 12% increase.- Warner Bros Discovery (WBD) shares are moving on news it is enacting a round of layoffs that will see jobs cut across its marketing, production strategy, operations and theatre ventures divisions. Roughly 10% of the studio’s workforce will be impacted, according to Variety.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Microsoft (MSFT) shares are soaring in premarket after it reported better-than-expected growth in its cloud business, with its Azure cloud-computing unit posting a 39% rise in sales, handily beating the 34% analysts expected. Microsoft is set to become the second company to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street’s expectations.- Meta (META) are higher this morning after Facebook’s parent company gave a strong revenue forecast and reported second-quarter results that beat analysts’ expectations. While it also raised its full-year forecast for capital expenditures, analysts said the company’s spending was justified by its growth.- Ford (F) is lower after announcing an anticipated full-year net tariff impact of about $2 billion. Ford issued full-year guidance that is lower than its initial forecast over President Trump’s tariff policies. Analyst Tom Narayan said potential headwinds include the status of electric vehicle tax credits, softness in Europe, Ford’s warranty issue and liquidity.- CVS (CVS) is getting a boost in the premarket after the company boosted its adjusted earnings-per-share guidance for the full year, following second-quarter results that also topped expectations.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Societe Generale shares hit their highest since the financial crisis after the French bank said it would boost investor payouts while lifting its profitability guidance.- Rolls-Royce shares rise as much as 12%, hitting a record high, after the aero engine maker increased guidance for the year by more than analysts expected. Strong margin performances in the civil aerospace and power systems divisions drew particular attention.- AB InBev shares dropped the most in five years after the company sold less beer than expected during the second quarter, with a downturn in consumer spending in Brazil and China dragging on sales.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Generac Holdings (GNRC) shares climbed as much as 9.7% to their highest intraday level since December, after the power-equipment company boosted the lower end of its adjusted Ebitda margin for the full year, following second-quarter results that topped expectations. - Electronic Arts (EA) shares are up today after the video-game publisher reported first quarter net bookings that beat the average analyst estimate boosted by positive trends for its football franchise FC and shooter video game Apex Legends.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, Carol Massar and Tim Stenovec.- Microsoft (MSFT) reported better-than-expected growth in its cloud business, which it says brought in more than $75 billion in the past year, as the company continues to commercialize artificial intelligence services. The closely watched Azure cloud-computing unit posted a 39% rise in sales during Microsoft’s fiscal fourth quarter, the company said in a statement on Wednesday. Analysts projected 34% revenue growth. The company said sales at the cloud division grew 34% to more than $75 billion during the year ended in June, the first time the company has disclosed a revenue figure for Azure, which sells computing power and other services to businesses.Overall, sales rose 18% to $76.4 billion during the quarter. Net income was $3.65 a share. Analysts on average estimated $73.9 billion in revenue and per-share earnings of $3.37. Shares initially rose 7% afterhours on the news. - Meta (META) topped projections for second-quarter sales and gave a stronger-than-expected forecast for the current period, a sign that the social media company’s advertising business is still growing quickly enough to support aggressive spending on artificial intelligence. Shares jumped as much as 10% in late trading. Third-quarter sales will be $47.5 billion to $50.5 billion, Meta said in a statement Wednesday, with the midpoint of that range exceeding the average analyst estimate of $46.2 billion, according to data compiled by Bloomberg. The social media giant, which owns Instagram and Facebook, reported second-quarter revenue of $47.5 billion. Meta lifted the low end of its forecast for 2025 capital expenditures as it continues to invest heavily in the talent, infrastructure, data centers and energy needed to compete in a fast-moving AI race. The company now expects to spend $66 billion to $72 billion this year. The projection was adjusted higher in April to account for ongoing trade disputes and AI investments. Meta stock was up 18.7% so far this year before Wednesday’s report.- Ford (F) said profit will fall as much as 36% this year as President Donald Trump’s tariffs reduce earnings by about $2 billion, more than the automaker previously expected. Adjusted earnings before interest and taxes will be $6.5 billion to $7.5 billion, Ford said Wednesday, restoring guidance it had suspended in May over uncertainty surrounding Trump’s trade policies. That’s down from the $7 billion to $8.5 billion it initially forecast, and represents a sharp drop from last year’s earnings of $10.2 billion. The update highlights how even Ford, which manufactures the most cars in the US of any automaker, is being squeezed by new trade barriers imposed by the White House. Trump’s tariffs on imported vehicles, auto parts, steel and aluminum – as well as goods from key US trading partners – have ballooned costs for Ford and its rivals. Shares fell after the close of regular trading. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- MARA Holdings shares (MARA) rose after the Bitcoin miner reported second-quarter adjusted Ebitda that beat the average analyst estimate amid gains in the price of the world’s biggest cryptocurrency.- Peloton Interactive shares (PTON) rose after UBS upgraded to buy from neutral citing upside to full-year 2026 Ebitda expectation supported by top-line growth and further cost cuts.- Humana shares (HUM) rose after the health insurer boosted its adjusted profit and revenue forecast for the full year, with the new outlook topping the average analyst estimate.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Wingstop (WING) shares rise after the restaurant operator reported adjusted earnings per share and revenue that beat the average analyst estimates. Wingstop also forecast total domestic stores comp sales growth for the full year of about +1%, above expectations. - Starbucks (SBUX) shares rise. Shares rallied in New York trading Wednesday as investors focused on green shoots in the earnings release, including the first sales gain in China since the end of 2023. The stock has risen about 3% so far this year, lagging the S&P 500 Index.- Palo Alto Networks (PANW) shares fell. Today, Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Palo Alto Networks (PANW) shares are lower as it agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion. The companies said the value implies a 26% premium to CyberArk shares on a volume weighted average over 10 days before the Wall Street Journal reported on the acquisition talks.- Coinbase (COIN) shares are moving on news JPMorgan and Coinbase signed an agreement to directly link customers' bank accounts to their cryptocurrency wallets. The deal establishes a direct connection between Chase bank accounts and Coinbase crypto wallets, expected to go live next year, and allows customers to fund Coinbase accounts with their Chase credit cards.- Microsoft (MSFT) shares are on the move ahead of earnings. Bloomberg Intelligence writes: Microsoft's critical software portfolio and AI sales "could offset weakness due to rising economic uncertainty in other business areas, such as non-AI cloud spending, advertising and seat growth in Office."See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Starbucks (SBUX) shares are higher this morning after the coffee chain reported net revenue for the third quarter that beat the average analyst estimate. The report also showed that comparable sales came in better-than-expected in China and North America, two of the company’s key markets.- Mondelez (MDLZ) is under pressure this morning after it said unease around the economy drove a bigger-than-expected decline in North American sales in the second quarter. CEO Dirk Van de Put said customers are worried about their personal finances, employment outlook and inflation, and he doesn't expect a quick rebound in the US market.- Hershey's (HSY) shares are lower after it lowered its full year profit guidance on much tariff costs than it had previously estimated. The company now sees full-year tariff costs to be $170 million to $180 million, up from its estimate of $15 million to $20 million in May, the company said in a statement Wednesday.- Visa (V) shares are sliding after it reported third-quarter results that beat Wall Street estimates, but said it still expects earnings per share to increase by a percentage in the low teens and revenue to grow by low double digits, according to a presentation. Mizuho Securities analyst Dan Dolev said in a note to clients that Visa’s failure to lift the full-year outlook may be to blame for the stock drop.- Humana (HUM) is soaring on news it raised its profit guidance for the year, with management saying medical costs were in line with expectations and the company benefitted from growth in its Medicare Advantage and pharmacy businesses.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Adidas shares plunge as much as 8.6%, the most in over three months after the footwear giant reported weaker than expected revenue growth which offset a margin beat. The lack of guidance upgrade is driven by increased tariff uncertainty and is a further disappointment. - Kering shares rose 2.7% after the luxury-goods maker reported better-than-expected operating profit but plunging sales at Gucci which is undergoing a second design revamp in three years.- Danone shares gained the most in three years after sales beat expectations as the French consumer goods company saw volumes rise in most of its categories, including high-protein products.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Mondelez (MDLZ) shares are down in after hours trading. While the company posted quarterly results that topped estimates, they reiterated their guidance. Mondelez reported better-than-expected sales for the second quarter, citing strong pricing execution in its chocolate business. The owner of the Oreo, Ritz and Cadbury brands reported adjusted earnings per share of 73 cents, topping analysts’ expectations for 68 cents. Sales totaled $8.98 billion, better than the $8.84 billion that analysts had expected. Chief Executive Officer Dirk Van de Put said the company remained confident in its ability to deliver “amid a challenging environment” and cited “robust growth across the vast majority of our geographies.”- Booking Holdings (BKNG) shares are down in after hours trading. The company delivered a disappointing forecast for the third quarter, citing “increased uncertainty in the geopolitical and macroeconomic environment.” The online travel agent, which operates the Kayak, Priceline and Booking.com brands, said that room nights growth will be roughly 4.5% in the period. Analysts had estimated 5.5% on average, according to data compiled by Bloomberg. The underwhelming report signals that travelers may be reining in spending as they face trade conflicts and an unpredictable economy.- Chart Industries (GTLS) shares soared today. The reason why the stock was up is because Baker Hughes Co. agreed to buy the industrial equipment maker for about $9.6 billion in cash, expanding the oilfield service giant’s reach into liquefied natural gas, data centers and other technologies. The deal announced early Tuesday calls for Chart investors to receive $210 per share, a 22% premium over Monday’s closing price. The agreement puts an end to Chart’s previous plan to merge with Flowserve Corp. The move consolidates Baker Hughes’ position in the booming LNG sector and is a significant bet on the outlook for US energy growth amid a slowdown in domestic oil drilling. Electricity demand in the world’s biggest economy is expected to surge in coming years, driven by the expanding artificial intelligence industry.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, Carol Massar and Tim Stenovec.- Mondelez (MDLZ) posted quarterly results that topped estimates, but reiterated its annual outlook. The company reported better-than-expected sales for the second quarter, citing strong pricing execution in its chocolate business. The owner of the Oreo, Ritz and Cadbury brands reported adjusted earnings per share of 73 cents, topping analysts’ expectations for 68 cents. Sales totaled $8.98 billion, better than the $8.84 billion that analysts had expected. Chief Executive Officer Dirk Van de Put said the company remained confident in its ability to deliver “amid a challenging environment” and cited “robust growth across the vast majority of our geographies.”- Starbucks (SBUX) sales and profit fell more than anticipated, signaling that a plan to revive growth by speeding up service and making cafes more welcoming has yet to bear fruit. Comparable sales dropped 2% in the fiscal third quarter, the company said Tuesday, while analysts polled by Bloomberg foresaw a 1.5% decline. Earnings excluding some items were 50 cents a share, well below the 65 cents that analysts had anticipated.Starbucks is in the throes of a turnaround after suffering an uncharacteristic streak of same-store sales declines over the past year and a half. Chief Executive Officer Brian Niccol, who took over in September, is betting he can give the US business a jolt by cutting down wait times, revamping the menu and remodeling stores to restore seating. Shares of Starbucks rose 2.2% in extended New York trading at 4:11 p.m. The stock had gained 1.9% this year through the latest close, lagging the 8.3% rise of the S&P 500 Index.- Novo Nordisk (NOVOB DC) named its head of international operations as chief executive officer after slumping weight-loss drug sales led to a profit warning that wiped $93 billion off its market value. Maziar Mike Doustdar, an insider who has spent more than three decades at the Danish drugmaker, will need to lead a turnaround drive as the company loses ground to Eli Lilly & Co. in the obesity market. The appointment came shortly after Novo slashed its financial forecast, predicting this year’s sales will grow 8% to 14%, while operating profit expands 10% to 16%, based on constant exchange rates. That compares with its previous growth forecasts of as much as 21% and 24%, respectively.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers: - Novo Nordisk (NVO) shares close down 23%, erasing more than $73 billion in market value, after the maker of Wegovy and Ozempic cut its sales and profit forecasts, citing slumping sales of weight-loss drugs. The Danish drugmaker also named a company insider as its new CEO, which one investor said may disappoint those hoping for a radical shake-up under an external hire. It was the stock’s steepest one-day drop on record and took the shares to the lowest level since March 2022.- Palo Alto Networks (PANW) shares fell after the Wall Street Journal reported that the company is in talks to buy CyberArk Software Ltd. (CYBR) in a deal that could value the Israeli cybersecurity firm at more than $20 billion. Palo Alto Networks may finalize a deal as soon as this week, the Journal reported Tuesday, citing people familiar with the matter whom it didn’t identify. CyberArk declined to comment. Palo Alto Networks didn’t respond to a request for comment.- Union Pacific (UNP) shares are down today. The company agreed to acquire Norfolk Southern Corp. (NSC) in a $72 billion cash-and-stock transaction, forming the only US transcontinental railroad in what stands to be the industry’s largest deal ever. The tie-up will marry Union Pacific’s network across the western US with Norfolk’s East Coast routes, reshaping a domestic rail market that’s now comprised of just a half-dozen companies. Observers predict other major deals could follow, as competitive pressure rises on rivals including CSX Corp. and Berkshire Hathaway Inc.’s BNSF. “We think the political environment is accommodating,” Union Pacific Chief Executive Officer Jim Vena said Tuesday in an interview. The companies have already spoken with regulators, members of the Trump administration and congressional lawmakers. “We wouldn’t have taken this path if we had not engaged and understood what they needed to see us deliver and whether we could.”See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Sarepta (SRPT) shares soar after the Food and Drug Administration reversed course and recommended that patients who can walk be allowed to take Sarepta Therapeutics Inc.'s gene therapy Elevidys again.- UPS (UPS) shares fall after the parcel carrier declined to provide full-year revenue or operating profit guidance amid macroeconomic uncertainty. Analysts also flagged soft margins in the US Domestic Package segment.- Whirlpool (WHR) shares. The company slashed its 2025 profit outlook, saying the boost from making the majority of its appliances in the US has yet to materialize. Chief Financial Officer Jim Peters told Bloomberg that increased promotions by rival Asian appliance makers resulted in Whirlpool seeing a “slight loss in market share” during the period.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Novo Nordisk (NVO) shares plunge. Novo Nordisk A/S named Maziar Mike Doustdar as chief executive officer after a profit warning due to slumping weight-loss drug sales.- United Health Group (UNH) shares slump. UnitedHealth Group Inc. warned its annual profit would be hit harder than expected, lowering its long-term profit margin targets and declining to affirm a long-standing growth target.- Royal Caribbean (RCL) shares fall after the cruise operator forecasted adjusted earnings per share for the third quarter that missed the average analyst estimate.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Union Pacific (UNP) agreed to acquire Norfolk Southern (NSC) in a cash-and-stock transaction valued at $85 billion, forming a transcontinental rail behemoth in what stands to be the industry’s largest deal ever.Norfolk Southern shareholders will receive one Union Pacific share and $88.82 in cash for each Norfolk share, the companies said in a statement Tuesday. Union Pacific will issue about 225 million shares to Norfolk Southern investors, representing 27% ownership in the combined company.- Procter & Gamble (PG) shares are up 1.3% in premarket trading, after the consumer goods conglomerate reported fourth-quarter results that were slightly ahead of expectations. It also gave an outlook. Late on Monday, it announced that Chief Operating Officer Shailesh Jejurikar would become chief executive officer on Jan. 1.- Novo Nordisk (NOVOB DC) shares slump as much as 30%, wiping more than $90b off the Danish drugmaker’s market value, after the company cut its sales and profit forecasts, citing slumping sales of weight-loss drugs. Novo named a company insider as its new CEO.See omnystudio.com/listener for privacy information.