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.- Tesla (TSLA) shares rose on word it's aiming to bring its driverless taxis to California and Arizona as the carmaker plots an expansion on the heels of last month’s limited rollout in Austin. CEO Elon Musk predicted on his social media service X that Tesla robotaxis could launch in the San Francisco Bay area “probably in a month or two,” pending regulatory approvals. The carmaker plans to broaden its service area in Austin this weekend, he said. Tesla has also contacted the Arizona Department of Transportation to begin the certification process for autonomous vehicle ride-sharing, the state agency told Bloomberg in an emailed statement. Tesla has expressed interest in operating within the Phoenix metropolitan area, the transportation department said. A decision on the company’s applications — including for operations with and without a driver — is expected by the end of this month.- MP Materials (MP) shares spikes as much as 60%, the most intraday since the company’s IPO in 2020, after the firm struck a multibillion dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities, backed by $400m in equity and a $1b loan commitment.- Autodesk (ADSK) shares dropped as investors digested news that it's weighing an acquisition of rival engineering-software provider PTC Inc., according to people familiar with the matter. Autodesk has been working with advisers to evaluate a cash-and-stock deal for Boston-based PTC, said the people, who asked to not be identified because the matter isn’t public. PTC, with a market value of about $23 billion, is also drawing interest from other industry players, the people said.No final decision has been made and Autodesk could opt against pursuing a deal for PTC, the people added. A representative for PTC declined to comment. A representative for Autodesk couldn’t be reached for comment.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Delta (DAL) shares rise after the carrier announced that it is restoring its full-year earnings guidance. The company expects full-year adjusted EPS of $5.25 to $6.25 in 2025. - Estee Lauder (EL) shares gain after BofA reinstated coverage with Buy rating and $110 price target.- Conagra (CAG) shares drop after the company forecasted profit for this fiscal year below Wall Street’s expectations, citing rising costs from US tariffs.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- WK Kellogg (KLG) shares are higher on news that Ferrero Group to buy WK Kellogg for $23 per share, representing a total enterprise value of $3.1b. The W.K. Kellogg Foundation Trust and Gund Family agreed to vote 21.7% of WK Kellogg Co’s shares in favor of deal- Delta (DAL) shares rise after the carrier announced that it is restoring its full-year earnings guidance. The company expects full-year adjusted EPS of $5.25 to $6.25 in 2025. - MP Materials (MP) shares are higher after they struck a multi-billion dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities, backed by $400m in equity and a $1b loan commitment.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- WK Kellogg Co (KLG) shares are moving on news that Ferrero Group to buy WK Kellogg for $23 per share, representing a total enterprise value of $3.1b. The W.K. Kellogg Foundation Trust and Gund Family agreed to vote 21.7% of WK Kellogg Co’s shares in favor of deal- Delta (DAL) shares are higher after it reported it expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement. Chief Executive Officer Ed Bastian said travel in the US is climbing back after approval of Trump's tax-cut and spending package and progress in tariff discussions. Other airlines are following Delta higher. Travel in the US is climbing back after approval of President Trump’s tax-cut and spending package and progress in tariff discussions, Chief Executive Officer Ed Bastian said in an interview.- Embraer SA (ERJ) is lower this morning as it's a Brazilian airline listed on the American stock exchange, and it's lower due to President Trump threatening to impose a 50% tariff on Brazil over its domestic political affairs, citing the treatment of former President Jair Bolsonaro. Brazil's leader Luiz Inacio Lula da Silva responded that his nation will not be "tutored" by anyone and that any unilateral rate hikes will be responded to using Brazil's economic reciprocity law.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Delta (DAL) shares are higher after it reported it expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement. Chief Executive Officer Ed Bastian said travel in the US is climbing back after approval of Trump's tax-cut and spending package and progress in tariff discussions. Other airlines are following Delta higher. Travel in the US is climbing back after approval of President Trump’s tax-cut and spending package and progress in tariff discussions, Chief Executive Officer Ed Bastian said in an interview.- Embraer SA (ERJ) is lower this morning as it's a Brazilian airline listed on the American stock exchange, and it's lower due to President Trump threatening to impose a 50% tariff on Brazil over its domestic political affairs, citing the treatment of former President Jair Bolsonaro. Brazil's leader Luiz Inacio Lula da Silva responded that his nation will not be "tutored" by anyone and that any unilateral rate hikes will be responded to using Brazil's economic reciprocity law.- Archer-Daniels-Midland Co (ADM) is also lower this morning due to its exposure to Brazil. President Trump’s latest threat, against a nation that sells fewer goods to the US than it buys, risks reinforcing concerns that formal trade agreements may offer limited protection against future tariff hikes. It also again shows that the rates Trump unveiled in April on “Liberation Day” carry little meaning. - Freeport-McMoRan Inc (FCX) is higher this morning as the market prices in the copper trade. Copper traders are looking to shift deliveries into Hawaii and Puerto Rico to cut shipment times due to President Trump's plan for 50% tariffs on copper.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- European companies with significant exposure to Brazil are worried following U.S. President Donald Trump's announcement of a 50% tariff on Brazilian imports. Telefonica, Santander and Carrefour all generate more than 20% of their revenue in Brazil, according to data compiled by Bloomberg. - European miners are the best-performing sub-sector in the Stoxx 600 index as iron ore and base metals rally after President Donald Trump said the US would begin levying a 50% tariff on copper imports at the start of next month. The Stoxx 600 basic resources index rallied as much as 3.1%. Rio Tinto is the biggest contributor to the gains by index points.- Swiss cocoa grinder Barry Callebaut AG cut its sales volume guidance for a second time within three months due to persistent cocoa bean price volatility. Shares fell by as much as 10% in early Zurich trading, the most since April. The firm now sees a 7% decline in full-year sales volume, compared with a mid single-digit decrease forecast in April, according to a statement on Thursday.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, Caroline Hyde, Carol Massar and Tim Stenovec.- Nvidia (NVDA) shares rose after it became the first company in history to achieve a $4 trillion market valuation, cementing its status as a kingpin in the global financial market. The stock has risen more than 20% in 2025, and is up more than 1,000% since the beginning of 2023. Nvidia now accounts for 7.5% of the S&P 500 Index, near its highest influence on record. The latest catalyst for the stock has been a commitment to AI spending from Nvidia’s biggest customers, showing that demand for its computing systems remains strong. This includes tech giants Microsoft, Meta Platforms, Amazon.com and Alphabet, who are projected to put about $350 billion into capital expenditures in their upcoming fiscal years, up from $310 billion in the current year, according to the average of analyst estimates compiled by Bloomberg. Those companies account for more than 40% of Nvidia’s revenue.- Meta Platforms (META) bought a minority stake in the world’s largest eyewear manufacturer, EssilorLuxottica SA, deepening the US tech giant’s commitment to the fast-growing smart glasses industry, according to people familiar with the matter. Facebook parent Meta acquired just under 3% of the Ray-Ban maker, a stake worth around €3 billion ($3.5 billion) at market prices, said the people, who asked not to be identified because deliberations are private. Meta, based in Menlo Park, California, is considering further investment that could build the stake to around 5% over time, the people added, though those plans could change. Shares closed higher. - Hershey (HSY) shares tumbled as chocolate makers struggle due to a shortage in cocoa. Chocolate makers were already grappling with record prices for cocoa butter, which provides that melt-in-your-mouth feel. Now they are also paying up for the powder that lends their product its color and taste.Cocoa powder, used in everything from baking mixes to protein shakes, is now in short supply too. Prices for the key ingredient, produced when cocoa beans are ground, surged about 16% in the US over the past year, and are now trading near a record. See omnystudio.com/listener for privacy information.

On the episode of Stock Movers:- Power firm AES (AES), which provides renewable power to tech giants such as Microsoft Corp., is exploring options including a potential sale amid takeover interest, people with knowledge of the matter said. Infrastructure investors including Brookfield Asset Management Ltd. and BlackRock Inc.’s Global Infrastructure Partners unit have been studying AES after the company’s shares lost about half their value over the past two years, the people said. With an enterprise value of about $40 billion, a leveraged buyout of Arlington, Virginia-based AES would still rank among the biggest of all time. Shares of AES jumped as much as 18% on Wednesday for their biggest intraday gain since 2009. - Starbucks (SBUX) has received proposals from prospective investors in its China business, most of whom are eyeing a controlling stake in the operation, said people familiar with the matter. The Seattle-based company is now in the process of sifting through proposals and shortlisting a group of potential investors for a next round of bidding, the people said, asking not to be identified because the matter is private. The company may share financial and operating details with those bidders to help them assess the valuation of its Chinese assets, the people said. Shares in the coffee chain rose. - Nvidia (NVDA) shares rose after it became the first company in history to achieve a $4 trillion market valuation, cementing its status as a kingpin in the global financial market. The stock has risen more than 20% in 2025, and is up more than 1,000% since the beginning of 2023. Nvidia now accounts for 7.5% of the S&P 500 Index, near its highest influence on record. The latest catalyst for the stock has been a commitment to AI spending from Nvidia’s biggest customers, showing that demand for its computing systems remains strong. This includes tech giants Microsoft, Meta Platforms, Amazon.com and Alphabet, who are projected to put about $350 billion into capital expenditures in their upcoming fiscal years, up from $310 billion in the current year, according to the average of analyst estimates compiled by Bloomberg. Those companies account for more than 40% of Nvidia’s revenue.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- AES (AES) shares jumps after the power company said to be exploring options including a potential sale amid takeover interest.- Starbucks (SBUX) shares are up. Starbucks has received proposals from prospective investors in its China business, with most eyeing a controlling stake in the operation, said people familiar with the matter.- Nvidia (NVDA) shares rise after their market capitalization topped $4 trillion, with the chipmaker becoming the first company in history to achieve this milestone.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Apple (APPL) shares are moving on news that Chief Operating Officer Jeff Williams is retiring with the company's longtime No. 2, with Sabih Khan replacing him as COO. Williams will step down as COO this month and retire from the company later in the year, continuing to oversee the design team and manage health initiatives until his departure. Khan, a 30-year veteran of Apple, will report to Chief Executive Officer Tim Cook and likely add divisions like AppleCare to his existing operations, contending with challenges such as tariff costs and slowing iPhone growth.- UnitedHealth Group (UNH) is lower this morning after the DOJ's criminal healthcare fraud unit intensified its investigation into the company's Medicare billing practices, focusing on how it leveraged doctors and nurses to boost government payments. The probe began at least a year ago and is now drawing fresh scrutiny as former employees speak with federal investigators. The Wall Street Journal reported that former UnitedHealth employees told investigators that the company encouraged the capture of certain lucrative diagnoses during patient assessments. - Meta (META) shares are moving after it bought a minority stake in EssilorLuxottica SA, deepening the US tech giant's commitment to the smart glasses industry, according to people familiar with the matter. The deal aligns with Meta CEO Mark Zuckerberg's commitment to AI and gives Meta the advantage of having more detailed manufacturing knowledge and global distribution networks, fundamental to turning its smart glasses into mass-market products.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Freeport-McMoRan (FCX) is higher this morning as President Trump announced a 50% tariff on copper imports, causing a record spike in New York futures and a drop in the global benchmark. The plan, announced in an apparently off-the-cuff comment to reporters, marks the latest twist in a tumultuous period for industrial commodities, as the US leader aims to encourage more mining and smelting at home. He’s already raised fees on steel and aluminum imports, while probes into flows of multiple other metals are in train.- Starbucks (SBUX) is gaining after it received proposals from prospective investors in its China business, with most eyeing a controlling stake in the operation, said people familiar with the matter. The company may consider selling a larger holding based on valuation and other factors, although its preferred option was to sell a minority stake to a partner, the people said. Starbucks said it sees "significant long-term potential in China" and wants to "retain a meaningful stake in the business", according to a statement.- Merck (MRK) shares are higher after it agreed to buy UK biotech Verona Pharma Plc for about $10 billion to offset the looming loss of exclusivity for its top-selling cancer drug. Shares of Verona Pharma (VRNA), for its part, are jumping on the news.- T-Mobile (TMUS) is lower this morning after getting a downgrade from KeyBanc. KeyBanc Capital Markets cut it to underweight from sector weight, saying the telecom company’s stock underperformance is set to continue and that its “premium valuation is just too high.”See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- WPP shares drop as much as 15%, to the lowest since 2009, after the advertising agency reduced its organic growth guidance for the year, citing continued macro uncertainty weighing on client spending. The profit warning came about a month after reports that WPP has lost Mars’ $1.7 billion ad portfolio, reflecting continued struggles for the firm to revive growth. Peer Publicis drops 1.6%.- Meta Plaforms Inc. bought a minority stake in the world’s largest eyewear manufacturer, EssilorLuxottica SA, deepening the US tech giant’s commitment to the fast-growing smart glasses industry, according to people familiar with the matter. Shares of EssilorLuxottica surged the most in three months in Paris, up by 5.5% The growing ties with Meta should be seen as a vote of confidence in the eyewear maker and the opportunity for the smart-glasses category, according to analysts at Bernstein.- European drugmakers may be active in Wednesday trading after US President Donald Trump yesterday said his administration “will be announcing something very soon on pharmaceuticals.” While any tariffs could be around one year away, the tariffs could be set at “like 200%,” he said. Denmark's NovoNordisk is down 1%.See omnystudio.com/listener for privacy information.

On the episode of Stock Movers:- Big bank stocks, including shares of Bank of America (BAC) slid after some analysts warned of downside risks. HSBC is turning cautious on three of the biggest US bank stocks following a record rally that’s brought the group within shouting distance of an all-time high. “Downside risks associated with still-elevated macro uncertainty, potentially slowing economic growth and more interest rate cuts through 2025 and 2026 are generally not factored into the stock prices,” analyst Saul Martinez wrote in a note downgrading JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. At the same time, “the repricing of fixed-rate assets, benign credit quality, improving investment banking activity, and a favorable regulatory backdrop are well priced in.”- CoreWeave (CRW) shares fell with the most recent news being that it's dropping $9 billion on the data-center operator Core Scientific Inc. in an effort to gain more direct control over the physical assets powering the artificial-intelligence boom. In buying Core Scientific in an all-stock deal, CoreWeave will inherit more than a gigawatt of data-center capacity across the US — much of which is already contracted out to serve its clients in training, deploying and using AI models. CoreWeave said Monday that controlling more of its supply chain will eliminate lease expenses, reduce costs including those associated with financing projects and “future-proof” its revenue growth.- Solar stocks, including Sunrun (RUN) fell after President Donald Trump called for new rules that would limit access to tax incentives for renewable energy projects that had already been pared back by a $3.4 trillion budget bill. Sunrun, the biggest US residential solar company, slid as much as 13%. Solar equipment provider Nextracker dropped as much 5.6%. First Solar, a domestic solar manufacturer, fell as much as 5.3%. On Monday evening, Trump issued an executive order directing the US Treasury Department to more strictly define when a project has started construction, including restricting the use of efforts to lock in tax credits unless a substantial portion has been built.See omnystudio.com/listener for privacy information.

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, Tim Stenovec and Emily GraffeoOn this episode of Stock Movers:- Shares of semiconductor companies are rising on Tuesday, with the group outperforming as analysts expressed optimism about the cohort’s prospects. Among notable movers: Intel +6.2%, ON Semiconductor +4.9%, Micron +4.3%, Microchip +4%, NXP Semiconductors +2.9%, Applied Materials +2.9%, Texas Instruments +2.2%, Nvidia +0.8%. The Philadelphia Stock Exchange Semiconductor Index is up 2.1%, compared with a gain of 0.1% in the Nasdaq 100 Index-Fair Isaac (EFX), better known as FICO, saw shares headed for its worst slide since March 2020, after federal regulators said government-sponsored mortgage entities Fannie Mae and Freddie Mac will be able to use a second firm when determining borrowers’ creditworthiness. Federal Housing Finance Agency Director Bill Pulte said in a post on X that Fannie and Freddie will now allow lenders to accept the Vantage 4.0 credit model to “increase competition” in the credit score ecosystem. Pulte said the move should expand credit access to millions of potential borrowers living in rural areas and bring down closing costs. Since joining the FHFA, Pulte has pledged to do “a full scale review” of all credit bureaus. He also suggested that FICO should focus on being more economical in their pricing.- Shares of US solar companies fell after President Donald Trump called for new rules that would limit access to tax incentives for renewable energy projects that had already been pared back by a $3.4 trillion budget bill. Sunrun Inc., the biggest US residential solar company, slid as much as 13%. Solar equipment provider Nextracker Inc. dropped as much 5.6%. First Solar Inc., a domestic solar manufacturer, fell as much as 5.3%.On Monday evening, Trump issued an executive order directing the US Treasury Department to more strictly define when a project has started construction, including restricting the use of efforts to lock in tax credits unless a substantial portion has been built.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Fair Isaac (EFX), better known as FICO, saw shares headed for its worst slide since March 2020, after federal regulators said government-sponsored mortgage entities Fannie Mae and Freddie Mac will be able to use a second firm when determining borrowers’ creditworthiness. Federal Housing Finance Agency Director Bill Pulte said in a post on X that Fannie and Freddie will now allow lenders to accept the Vantage 4.0 credit model to “increase competition” in the credit score ecosystem.Pulte said the move should expand credit access to millions of potential borrowers living in rural areas and bring down closing costs. Since joining the FHFA, Pulte has pledged to do “a full scale review” of all credit bureaus. He also suggested that FICO should focus on being more economical in their pricing.- CoreWeave (CRW) shares dipped after it was downgraded to neutral-equivalent ratings at Stifel and Mizuho, following the company’s all-stock acquisition of data-center operator Core Scientific Inc. The Cloud infrastructure provider was also initiated with a hold rating at CFRA while Citi adds a 90-day downside catalyst watch to the stock.- Big bank stocks, including shares of Bank of America (BAC) slid after some analysts warned of downside risks. HSBC is turning cautious on three of the biggest US bank stocks following a record rally that’s brought the group within shouting distance of an all-time high. “Downside risks associated with still-elevated macro uncertainty, potentially slowing economic growth and more interest rate cuts through 2025 and 2026 are generally not factored into the stock prices,” analyst Saul Martinez wrote in a note downgrading JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. At the same time, “the repricing of fixed-rate assets, benign credit quality, improving investment banking activity, and a favorable regulatory backdrop are well priced in.”See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Trump Media (DJT) shares are higher after news it has filed for an exchange-traded fund called "Crypto Blue Chip" that would hold digital assets including Bitcoin, Ether, Solana, and others.- Ulta Beauty (ULTA) shares rise after searching for news about Ulta Beauty was unusually high. Though the number of news stories about the company was no greater than average.- Dow (Dow) shares rebound after falling on Monday, after the company said it would close three plants in Europe and take charges of as much as $790 million.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Amazon (AMZN) shares are down. It's Amazon Prime Day. Adobe analyst Vivek Pandya says price drops in apparel, electronics and TVs are expected to be the deepest; Adobe expects Amazon and other US retailers to generate $23.8 billion in online sales during event.- First Solar (FSLR) shares drop. President Donald Trump called for new rules that would restrict access to tax incentives for solar and wind projects in an executive order on Monday. - Bank of America (BAC) shares fall after it was cut to hold from buy at HSBC. Analysts cited valuations are “increasingly stretched” after a rally in the banks’ stocks.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Renewable, wind, and solar stocks including Sunrun (RUN), Enphase Energy (ENPH), and SolarEdge (SEDG) are falling after President Trump called for new rules that would restrict access to tax incentives for solar and wind projects that were already pared back in his $3.4 trillion budget bill.- Meta (META) is higher while Apple (APPL) is lower as Ruoming Pang, a distinguished engineer and manager in charge of Apple's foundation models team, is leaving for Meta Platforms Inc. Pang's departure could be the start of a string of exits from the AFM group, with several engineers telling colleagues they are planning to leave in the near future to Meta or elsewhere, sources said.- Tesla (TSLA) is gaining today after yesterday's tumble on news owner Elon Musk announced he's forming a new political party, the "America Party", which will focus on House and Senate seats for the next 12 months. Tesla's stock slid 6.8% Monday, wiping out $15.3 billion from Musk's net worth, with investors growing tired of the distraction from the company's business.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Renewable, wind, and solar stocks including Sunrun (RUN), Enphase Energy (ENPH), and SolarEdge (SEDG) are falling after President Trump called for new rules that would restrict access to tax incentives for solar and wind projects that were already pared back in his $3.4 trillion budget bill.- Meta (META) is higher while Apple (APPL) is lower as Ruoming Pang, a distinguished engineer and manager in charge of Apple's foundation models team, is leaving for Meta Platforms Inc. Pang's departure could be the start of a string of exits from the AFM group, with several engineers telling colleagues they are planning to leave in the near future to Meta or elsewhere, sources said.- Tesla (TSLA) is gaining today after yesterday's tumble on news owner Elon Musk announced he's forming a new political party, the "America Party", which will focus on House and Senate seats for the next 12 months. Tesla's stock slid 6.8% Monday, wiping out $15.3 billion from Musk's net worth, with investors growing tired of the distraction from the company's business.- Exxon Mobil (XOM) shares are lower as it expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Bootmaker Dr Martens and bracelet manufacturer Pandora are among stocks underperforming in Europe on Tuesday after US President Donald Trump outlined plans to impose tariffs on goods from key supplier countries including Indonesia, Thailand and Cambodia. Dr Martens is down 4.4%, with the firm’s production exposed to countries including Laos and Thailand, according to its US customer support site- Shares of drinksmakers rise after reports saying the European Union is seeking an exemption from the US tariff for certain products. Remy Cointreau gains as much as 4.2%, Pernod Ricard +3.6%, Davide Campari-Milano +2.7%.- Glencore shares rise as much as 2.1% after JPMorgan resumed its coverage with an overweight recommendation, citing value-accretive strategic optionality and a potential coal de-merger.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:Lululemon (LU): Lululemon falls as President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug. 1. It comes after the president said he has reached an agreement with Vietnam, a key country for the athletic wear manufacturer, late last week.First Solar (FSLR): First Solar falls after Congress has set fast phaseouts for most of the Inflation Reduction Act’s signature clean energy tax credits. But while credits for sales of electric vehicles and home solar and storage face strict cutoffs by the end of this year, utility-scale wind and solar power projects can potentially hit a narrow six-to-12 month window that could buy them much more time — and subsidies — all the way into next decade. BloombergNEF expects to see developers rush to try to hit that window. JPMorgan analyst Mark Strouse says that while amount of tax incentives was reduced compared to the Inflation Reduction Act, the Big Beautiful Bill act "is materially better than feared" for clean energy.Tractor Supply (TSCO): Tractor Supply Co. gains as much as 2.6%, rising to the highest intraday level since April, after adjusted sales observed by Bloomberg Second Measure rose 4.3% in the second fiscal quarter. It’s one of the few companies expecting sales to grow with tariff uncertainty based off pet food sales.See omnystudio.com/listener for privacy information.

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, Tim Stenovec and Emily GraffeoOn this episode of Stock Movers- Tesla (TSLA) shares fell after Elon Musk announced he’s forming a new political party, digging deeper into a pursuit that’s been a drag on his most valuable business. The CEO announced over the weekend that he’ll take on Republicans and Democrats with the “America Party,” focusing on House and Senate seats for the next 12 months. After that, backing a candidate for president isn’t out of the question, Musk wrote on X. Tesla’s stock slid 7.4% as of 11 a.m. Monday in New York, wiping out $16.7 billion from his net worth, according to the Bloomberg Billionaires Index. If that drop were to hold, it would be the biggest decline for the shares since Musk’s initial falling out with Donald Trump over the president’s tax bill in early June. The stock has declined 28% this year as the CEO’s politicking has hurt Tesla’s standing with car buyers.-Tractor Supply Co. (TSCO) gains as much as 2.6%, rising to the highest intraday level since April, after adjusted sales observed by Bloomberg Second Measure rose 4.3% in the second fiscal quarter. The data draws from a sample of credit and debit card purchases made by US consumers. Analysts currently estimate revenue for the quarter of $4.4 billion, up 3.6% YoY. Bloomberg Second Measure observed sales have achieved high correlation with the company’s reported revenue growth during the past five years.- CoreWeave (CRWV) is dropping $9 billion on the data-center operator Core Scientific Inc. in an effort to gain more direct control over the physical assets powering the artificial-intelligence boom. In buying Core Scientific (CORZ) in an all-stock deal, CoreWeave will inherit more than a gigawatt of data-center capacity across the US — much of which is already contracted out to serve its clients in training, deploying and using AI models. CoreWeave said Monday that controlling more of its supply chain will eliminate lease expenses, reduce costs including those associated with financing projects and “future-proof” its revenue growth.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Tesla (TSLA) shares slid after Elon Musk announced he’s forming a new political party, digging deeper into a pursuit that’s been a drag on his most valuable business. The chief executive officer announced over the weekend that he’ll take on Republicans and Democrats with the “America Party,” focusing on House and Senate seats for the next 12 months. After that, backing a candidate for president isn’t out of the question, Musk wrote on X.- CoreWeave (CRWV) shares were lower on word that it'll drop $9 billion on the data-center operator Core Scientific Inc. in an effort to gain more direct control over the physical assets powering the artificial-intelligence boom. In buying Core Scientific in an all-stock deal, CoreWeave will inherit more than a gigawatt of data-center capacity across the US — much of which is already contracted out to serve its clients in training, deploying and using AI models. CoreWeave said Monday that controlling more of its supply chain will eliminate lease expenses, reduce costs including those associated with financing projects and “future-proof” its revenue growth.- Netflix (NFLX) shares were lower after Seaport Global Securities downgraded the streamer to neutral from buy. Analyst David Joyce writes, "We believe that plenty of the long-term opportunity set is factored into the shares at this price, and the company needs time to execute against the expectations in advertising, aggregating, launching experiences, and expanding share again."See omnystudio.com/listener for privacy information.

ON this episode of Stock Movers- Coreweave (CRWV) shares are down after the company agreed to buy Core Scientific in an all-stock deal worth about $9 billion to expand its artificial intelligence data center capacity.- Tesla (TSLA) shares fell after Elon Musk announced he's forming a new political party, the "America Party", which will focus on House and Senate seats for the next 12 months.- Expedia (EXPE) shares are higher after Wells Fargo raised the firm's price target on Expedia to $178 from $149 and keeps an Equal Weight rating on the shares.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Tesla (TSLA) shares are lower this morning after Elon Musk announced he's formed a new political party, the "America Party." The shares have already declined 22% this year as the CEO's politicking has hurt Tesla's standing with car buyers. Devoting resources and attention to a new political party runs counter to what Musk told Tesla investors during the company's last earnings, in April.- CoreCivic (CXW) shares are rallying on the passage of President Trump's signature tax bill. Shares in Geo Group (GEO) are also rallying in the premarket, with the bill adding billions of dollars for immigrant detention centers. Geo Group and CoreCivic are the two largest detention contractors. On Friday, Trump signed a sweeping budget bill that includes $45 billion for new immigration jails—part of $150 billion in new funding to carry out his immigration and border-control agenda.- Stellantis (STLA) is sliding this morning as Bank of America cuts the automaker to neutral from buy, with the broker expecting to see a “very weak” first-half report on July 29. While the US appears strong, Stellantis’s positioning in Europe looks bad, BofA says. Analyst Horst Schneider says that while Stellantis shares have fallen around 30% year to date and more than 50% since last summer’s capital markets day, it is “too early for ‘bottom-fishing,’”- MGM Resorts International (MGM) is lower after Goldman Sachs initiates coverage of MGM Resorts International with a recommendation of sell due to a volatile Las Vegas market, while Caesars Entertainment gets a buy rating. MGM has high-sensitivity to a “choppy” Las Vegas market and is the most macro-sensitive among Goldman’s casino coverage, the bank writes in a noteSee omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Tesla (TSLA) falls as much as 7.6% in premarket trading on concern that Elon Musk’s move to form a new political party will draw a backlash from President Donald Trump.- CrowdStrike Holdings (CRWD) slides 1.8% in US premarket trading. Piper Sandler cut the software company to neutral from overweight after it surpassed the investment bank’s price target.- OpenAI has agreed to rent a massive amount of computing power from Oracle (ORCL) data centers as part of its Stargate initiative, underscoring the intense requirements for cutting-edge artificial intelligence products.The AI company will rent additional capacity from Oracle totaling about 4.5 gigawatts of data center power in the US, according to people familiar with the work who asked not to be named discussing private information.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - European medical technology stocks have dropped after China hit back at the European Union’s restrictions on its medical device makers. Companies such as Philips, Elekta, and Siemens Healthineers are “minimally affected” because of their “strong local presence,” Jefferies analyst Julien Dormois writes in a note - Shell shares fell as much as 3.2% after the oil giant’s second-quarter update pointed to a weaker performance than anticipated, which is set to hit earnings expectations, according to analysts. RBC noted that this is the first weak performance after years of positive updates. - Stellantis fells as much as 3.3% as Bank of America cuts the automaker to neutral from buy, with the broker expecting to see a “very weak” first-half report on July 29. While the US appears strong, Stellantis’s positioning in Europe looks bad, BofA says.See omnystudio.com/listener for privacy information.

Health insurer Centene Corp. shocked investors this week when it withdrew its profit outlook on rising risks from Affordable Care Act plans.   The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it.   Shares of Centene dropped more than 40% on Wednesday, the biggest one-day drop since its initial public offering in 2001. Other insurer stocks including Molina Healthcare Inc. and Oscar Health Inc. and Elevance Health Inc. also sank by double digits.   For more on the fallout, Paul Sweeney and Norah Mulinda speak with Glen Losev, Bloomberg Intelligence Senior Healthcare Analyst.See omnystudio.com/listener for privacy information.

Tesla reported sales that slowed in the most recent quarter. But, shares climbed after the decline was less drastic than analysts feared.   The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge.   For more on the data, Paul Sweeney and Norah Mulinda speak with Pierre Ferragu, Head of Global Technology Infrastructure at New Street Research.See omnystudio.com/listener for privacy information.

Restaurant valuations are diverging between market-share winners and losers, with casual dining outpacing quick service. Fast-casual chains like Shake Shack and Cava can take market share this year but already trade at 100x and 124x 2025 EPS, respectively.   For analysis on current restaurant valuations, Alix Steel and Paul Sweeney speak with Bloomberg Intelligence Senior Restaurant Analyst Michael Halen.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - LVMH Hennessy is one of the three big cognac makers — including Remy Cointreau SA and Pernod Ricard SA - that have reached price undertaking agreement with China after it imposed anti-dumping duties on drinks including European brandy for five years. - Rheinmetall’s up after its South African subsidiary Rheinmetall Denel Munition secured an artillery ammunition order worth several hundred million Euros from an unnamed European NATO country.  - CVC Capital has been upgraded by JP Morgan to overweight from neutral as resilient exit volumes are supporting an improved outlook for European private markets managers.See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:Synopsys Jumps, Meta's strong labor productivity, Datadog will enter S&P 500 The US lifted export license requirements for chip design software sales in China, clearing the way for the companies to resume services. Bloomberg Intelligence analysts Niraj Patel and Maria Beltran write that both Synopsys and Cadence are “likely to resume electronic design automation (EDA) sales to China after Siemens said it had been informed of the removal of some US export restrictions." Chinese customers represent 14% of sales for Synopsys   Meta raised to hold from underperform at Needham, with analysts citing “channel checks driving upside to our estimates” and the company’s “strong labor productivity metrics." Labor productivity is driven by a model that is “globally scaled, doesn’t pay for content, is software only, ‘free-rides’ on mobile devices and has closed loop attribution for advertisers”   Cloud monitoring and analytics company Datadog (DD)G) had its highest intraday level since February, after the software solutions company was added to the S&P 500 index effective prior to the opening of trading on July 9, replacing Juniper Networks. Scotiabank analyst says entry into S&P 50 makes the stock a "must-own" and OpenAI’s spend is a “massive net positive” and affirms proves Datadog’s differentiation in monitoring the most modern environments See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Software company Datadog (DDOG) will be added to the S&P 500 index next week, replacing Juniper Networks Inc. after its recent acquisition by Hewlett Packard Enterprise Co. - FedEx (FDX) is double-upgraded to outperform at BNP Paribas Exane, with the broker saying the stock is “arguably oversold,” expecting the firm’s relative operational outperformance vs. rival UPS to continue. UPS is meanwhile upgraded to neutral from underperform.- Synopsys (SNPS) and Cadence Design both gain 6.1% in premarket trading after the US lifted export license requirements for chip design software sales in China, clearing the way for the companies to resume services in the world’s second-biggest economy.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Siemens shares rise as much as 3% after the company said the US has lifted export license requirements for chip design software sales in China, allowing it to resume sales in the country. Citi said this is a “clear positive” for the stock.- Watches of Switzerland shares drop as much as 10%, the most in three months, after the company warned its margin could contract this year, which analysts at Shore said is disappointing following the recovery in profitability seen in FY25. That is overshadowing a solid set of FY25 results. - UK housebuilders are under pressure on Wednesday, with RBC Capital Markets pointing to concerns that a widening fiscal hole facing the government could lead to a potential rise in taxes and cause a slowdown in the housing market. The drop comes hot on the heels of data out Tuesday showing house prices fell the most in more than two years in June.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Health insurer Centene Corp. (CNC) stock plunged as they shocked investors Tuesday when it withdrew its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most on record. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it. - Tesla (TSLA) shares rally after after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared. The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge. “We’re at the bottom here,” Gene Munster, managing partner of Deepwater Asset Management, said on Bloomberg Television.- Coinbase (COIN) and other crypto-linked stocks rose today. Specifically, Coinbase users in Australia can now select PayPal as a payment option to buy and sell cryptocurrencies. Last week, shares hit first record since 2021 after the US Senate passed legislation for stablecoins pegged to the dollar and in May, the company was added to the S&P 500.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.- Tesla (TSLA) shares rallied today after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared.The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge. The sales figures run counter to Elon Musk’s claim in mid-May that Tesla’s car business had recovered from an early-year slump driven in part by blowback over his work in the Trump administration. Sales could be further challenged toward the end of this year if Congress passes the president’s multitrillion-dollar spending bill that would eliminate tax credits for EV purchases.- Centene (CNC) shares plunged after the health insurer shocked investors by withdrawing its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most on record. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it. Shares of Centene dropped more than 40% in New York on Wednesday, the biggest one-day drop since its initial public offering in 2001. Other insurer stocks including Molina Healthcare Inc. and Oscar Health Inc. and Elevance Health Inc. sank by double digits.- Intel (INTC) shares fell as much as 6% during trading following a report that CEO Lip-Bu Tan is exploring a potential strategy shift in its foundry business that would entail no longer marketing certain chipmaking technology to external customers. See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Tesla (TSLA) shares jumped after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared. The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge. “We’re at the bottom here,” Gene Munster, managing partner of Deepwater Asset Management, said on Bloomberg Television.- Nike (NKE), Lululemon (LULU), GAP (GAP) and other US retail shares are up after President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports. A 20% tariff will be placed on Vietnamese exports to the US, with a 40% levy on any goods deemed to be transshipped through the country, Trump said in a social-media post on Wednesday. Trump said that Vietnam had agreed to drop all levies on US imports. - Health insurer Centene (CNC) shares are down as they shocked investors Tuesday when it withdrew its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most on record. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:Nike (TICKER NKE; +1.5%) - Shares jumped after US President Donald Trump said he reached a trade deal with Vietnam on Wednesday, though quickly reversed after the tariff was set at 20% with 40% tariff on “transshipping” as part of a trade deal- Vietnam is a critical production hub for companies such as Nike Inc., Gap Inc. and Lululemon Athletica Inc., which count on the southeast Asian nation’s factories to manufacture goods ranging from T-shirts to jeans to basketball shoes - Trump imposed a 46% tariff on Vietnam as part of a global campaign to reset US trade in April, which sent the shares of shoe and apparel companies tumbling Amcor (TICKER AMCR; +1.2%)- initiated with a buy recommendation at Jefferies, with the broker seeing a compelling risk-reward ratio and good earnings momentum for the packaging solutions group following its combination with Berry Global- Places price target at $12; shares closed Tuesday at $9.58 Molina Health (TICKER MOH; -20%)- Side-swiped in the Centene declines; shares are down 11% in the past five days and fell 12% in the past 30 days.- Trading volume 16% above the 20-day average at this time of day - Molina trades at 11 times its estimated earnings per share for the coming yeaSee omnystudio.com/listener for privacy information.

On this episode of Stock Movers: Tesla Inc.’s global sales tumbled for the second quarter in a row, leaving the carmaker in a deep hole to dig out from to avoid consecutive annual declines. The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. Tesla now has an almost 110,000-car deficit to overcome in the second half in order to return to growth this year. Sales did manage to exceed the most pessimistic analysts’ estimates, with the most bearish projecting a more than 20% decline. Tesla shares rallied on the report, rising as much as 4% at the open of regular trading Wednesday.   Microsoft Corp. began job cuts that will impact about 9,000 workers, a second major wave of layoffs this year as it seeks to control costs. Less than 4% of the company’s total workforce will be impacted, a spokesperson said. The cuts will have an impact across teams, geographies and tenure and are made in an effort to streamline processes and reduce layers of management, the spokesperson said.   Health insurer Centene Corp. shocked investors Tuesday when it withdrew its profit outlook on precipitously rising risks from Affordable Care Act plans, sending shares plummeting the most in almost two decades. The company appears to have been badly caught off guard by the impact of US government actions. It’s an ominous sign for insurers, whose purpose is to price for risk but have lately been blindsided by it. Shares of Centene dropped as much as 35% in New York on Wednesday, the most since 2006. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Constellation Brands (STZ) is lower this morning after it posted a small EPS miss in its latest earnings, which analysts attribute to weaker-than-expected sales for its beer. The report was a mixed bag as the company continues to weather the storm of weakening end markets and poor macro data, analysts add.- Centene Corp. (CNC) is lower after it pulled its 2025 guidance due to insurance market trends that differed from its assumptions, threatening $1.8 billion in revenue. Both shares are diving lower. Centene also reported a "step up" in Medicaid costs, which it expects will increase a key measure of medical expenses in the second quarter.- Verint Systems (VRNT) is higher in the premarket as buyout firm Thoma Bravo is in talks to acquire Verint Systems Inc., a maker of call center software, according to people familiar with the matter. Thoma Bravo is negotiating the terms of a potential deal with Verint, which is working with an adviser, said the people, who asked not to be identified discussing confidential information.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Elevance Health (ELV) is the biggest downside mover this morning after Centene Corp. (CNC) pulled its 2025 guidance due to insurance market trends that differed from its assumptions, threatening $1.8 billion in revenue. Both shares are diving lower. Centene also reported a "step up" in Medicaid costs, which it expects will increase a key measure of medical expenses in the second quarter.- Verint Systems (VRNT) is higher in the premarket as buyout firm Thoma Bravo is in talks to acquire Verint Systems Inc., a maker of call center software, according to people familiar with the matter. Thoma Bravo is negotiating the terms of a potential deal with Verint, which is working with an adviser, said the people, who asked not to be identified discussing confidential information.- Apple (APPL) shares are higher as it gets an upgrade on Wall Street. Jefferies raised its recommendation on the tech giant to hold from underperform. Analyst Edison Lee says a good 3QFY25 could keep AAPL stock stable in the near-term- Constellation Brands (STZ) is lower this morning after it posted a small EPS miss in its latest earnings, which analysts attribute to weaker-than-expected sales for its beer. The report was a mixed bag as the company continues to weather the storm of weakening end markets and poor macro data, analysts add.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Greggs Plc shares plunged after it said its full-year profit may be lower than last year as high temperatures in June discouraged people from eating out. The shares slumped as much as 15% in early London trading, the biggest intraday drop since January.- Bytes Technology shares fall as much as 27%, the steepest intraday drop since a 2020 IPO, after the UK software provider issued a profit warning, citing a challenging macroeconomic environment that has led some customers to defer buying decisions. - European renewables stocks rally after a US excise tax seen as an existential threat to the solar and wind industry was stripped from the Senate GOP tax megabill that passed the chamber in a tie-breaking vote Tuesday. A Goldman Sachs index of renewables trades at a fresh 2021 high Among individual names, Vestas jumps over 8%, Orsted is up 5.5%, Nordex gains 1.9%, EDP Renovaveis rises 3.2% and SMA Solar is up 7.6%See omnystudio.com/listener for privacy information.

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.- Tesla (TSLA) shares fell today as investors expect vehicle deliveries to decline for the second consecutive quarter. CEO Elon Musk has assumed oversight of Tesla's sales in Europe and the US following the departure of longtime deputy Omead Afshar, people familiar with the matter said. Afshar was responsible for Tesla’s sales and manufacturing operations in North America and Europe before leaving the EV maker late last month. Following his exit, Musk and Tom Zhu, a senior vice president, are divvying up reporting lines as Tesla looks to recover from another quarter of declining vehicle deliveries. Tesla likely delivered around 389,400 vehicles in the three months that ended in June, according to analysts’ estimates compiled by Bloomberg. That would be down roughly 12% from a year earlier, following a 13% drop in the first quarter.- Warner Bros. Discovery (WBD) shares were lower after Advance/Newhouse sold 100 million shares for about $1.1 billion via a block trade, according to a recent filing.- Constellation Brands (STZ) reported earnings and profit trailed expectations in the first quarter due to weaker consumer demand for alcoholic beverages and higher costs from aluminum tariffs .Earnings excluding some items were $3.22 a share in the period, missing the average analyst estimate by 10 cents. The company’s beer margins were hit by President Donald Trump’s 25% tariff on imported aluminum cans — a key packaging material for its Mexican-made beers such as Modelo and Corona.Constellation is navigating multiple headwinds including tariffs, muted beer sales, and more drinkers cutting back on alcohol and turning to alternatives such as cannabis. The company has also cited a pullback among Hispanic consumers — who make up more than half of Modelo drinkers — amid concerns about inflation, immigration and job security.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Tesla (TSLA) shares are down, with Tesla CEO Elon Musk and President Donald Trump renewing their feud over the $3.3 trillion tax and spending bill. Earlier today, Tesla shares were rallying off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another downbeat quarterly sales report. The electric-car maker likely delivered around 389,400 vehicles in the three months that ended in June, according to analysts’ estimates compiled by Bloomberg. That would be down roughly 12% from a year earlier, following a 13% drop in the first quarter.- Sweetgreen (SG) shares fell after TD Cowen downgraded it to hold from buy, saying the salad restaurant chain’s key urban footprint “appears to be under extreme pressure.” Analyst Andrew Charles says that according to his calculations, year four or older stores are showing same store sales down by double-digit percentages.- Nike (NKE) shares are up after Argus Research analyst John Staszak upgraded the athletic footwear and apparel company to buy from hold on view that a “recovery is underway.” Nike’s efforts to clear inventory in 2H of the year has resulted in most of the company’s products being “up-to-date,” and attracting customers, Staszak wrote. Other positives include the utilization of its e-commerce channel to improve pricing, and plans to reduce its imports from China to high single digits, compared with a mid-teens level previously.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Tesla (TSLA) is moving to the downside this morning after President Trump lashed out at Elon Musk, accusing the Tesla and SpaceX chief executive officer of benefiting excessively from government subsidies for electric vehicles. "Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,” Trump said in a Truth Social post. - Robinhood (HOOD) is gaining in the premarket after the company announced it will make tokenized US securities for 150,000 customer in 30 countries, available 24 hours a day. In the wake of the announcement, Mizuho raised its price target to $99 from $80, lauding the firm’s “unmatched product velocity.” Mizuho analyst Dan Dolev (outperform) says Robinhood’s product development “makes it hard to keep up with innovation;” believes Robinhood should be re-rated as new products merit a bigger premium vs. peers.- Wolfspeed (WOLF) shares gained 95% in premarket trading after the chipmaker said on Monday night it would file for bankruptcy to enact a creditor-backed plan to slash $4.6 billion in debt. The company filed for reorganization under Chapter 11 and expects to emerge out of bankruptcy by the end of the third quarter.- Sweetgreen (SG) is lower as TD Cowen downgrades to hold from buy, saying the salad restaurant chain’s key urban footprint “appears to be under extreme pressure.” Analyst Andrew Charles says that according to his calculations, year four or older stores are showing same store sales down by double-digit percentages. More weight being placed on suburban markets for net restaurant growth, but moves into new, unproven geographies means lower visibility on sales development.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Tesla (TSLA) is moving to the downside this morning after President Trump lashed out at Elon Musk, accusing the Tesla and SpaceX chief executive officer of benefiting excessively from government subsidies for electric vehicles. "Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,” Trump said in a Truth Social post.- Robinhood (HOOD) is gaining in the premarket after the company announced it will make tokenized US securities for 150,000 customer in 30 countries, available 24 hours a day. In the wake of the announcement, Mizuho raised its price target to $99 from $80, lauding the firm’s “unmatched product velocity.” Mizuho analyst Dan Dolev (outperform) says Robinhood’s product development “makes it hard to keep up with innovation;” believes Robinhood should be re-rated as new products merit a bigger premium vs. peers.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Sainsbury's has reported strong sales growth after the grocer used price-matching and promotions linked to its loyalty program to entice customers with food inflation accelerating across the UK. - Zealand Pharma shares rose as much as 5.1%, the most in six weeks, after BNP Paribas Exane analysts initiated coverage on the stock with an outperform recommendation, saying the “attractive” risk-reward at current levels is “difficult to ignore.”- UK house prices fell the most in more than two years in June, in a sign buyers are under pressure after an increase in transaction taxes in April, according to one of Britain’s top mortgage lenders.See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:- Hewlett Packard Enterprise (HPE) and Juniper Networks (JNPR) shares rose after the two tech firms and the Department of Justice announced they had reached a deal for both companies to merge.- NextEra Energy (NEE) and other renewable energy companies fell after Republican lawmakers are debating a bill that ramps up President Donald Trump’s assault on wind and solar power, a worse-than-expected jolt that would drive up costs for clean energy while providing aid for fossil fuels.- Robinhood (HOOD) shares hit a record high after the company is rolling out tokenized US securities available to 150,000 customers in 30 countries, 24 hours a day, five days a week. The company will own the shares backing the tokens, a spokesperson said, and while token holders will have most of the benefits of the underlying security, including dividends, voting rights won’t be initially supported. Bloomberg News previously reported that the product was in development.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.- Oracle (ORCL) shares were higher after it said it signed a single cloud deal worth $30 billion in annual revenue — more than the current size of its entire cloud infrastructure business. That revenue is expected to start flowing in the fiscal year 2028, Oracle disclosed in a regulatory filing Monday, without naming the customer.“ Oracle is off to a strong start” in its fiscal year 2026, Chief Executive Officer Safra Catz said in the filing. The company has signed “multiple large cloud services agreements,” she said, adding that revenue from Oracle’s namesake database that runs on other clouds continues to grow more than 100%.The $30-billion deal ranks among the largest cloud contracts on record. That revenue alone would represent nearly three times the size of Oracle’s current infrastructure business, which totaled $10.3 billion over the past four quarters. A major cloud contract awarded in 2022 from the US Defense Department, that runs through 2028 and could be worth as much as $9 billion, is split among four companies, including Oracle. That award was a shift after an earlier contract worth $10 billion was awarded to Microsoft Corp. and was contested in court.- BitMine (BMNR) was among the day's biggest movers after the crypto company announced a new $250 million placement. - Boeing (BA) shares slid after hours when it announced it will be replacing chief financial officer Brian West. West, who helped orchestrate one of the biggest capital raises in US corporate history last year to steady the crisis-stricken plane-maker, is stepping down. West is leaving in mid-August and will be succeeded by former Lockheed Martin executive Jesus “Jay” Malave. West will remain an adviser to Chief Executive Officer Kelly Ortberg, Boeing said in a statement on Monday. Both changes are effective Aug. 15, the company said. The staffing change marks the highest-profile personnel switch since Ortberg took over the top role at the planemaker last year. West helped Ortberg navigate a capital squeeze and avoid a possible ratings downgrade to junk status, brought on by a crippling strike last year and a steep slowdown in output after a near-catastrophic accident.See omnystudio.com/listener for privacy information.