Stock Movers

On this episode of Stock Movers: - IBM (IBM) shares plunge. International Business Machines Corp. reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. Preliminary second-quarter revenue totaled $17.2 billion, below analysts’ estimates of $17.9 billion, with sales from I...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - IBM (IBM) shares are plummeting after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. - Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC) all reported early...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - BofA (BAC) reported equities trading revenue excluding DVA for the second quarter that beat the average analyst estimate. - JPMorgan (JPM) reported equities sales & trading revenue for the second quarter that beat the average analyst estimate. - Wells Fargo (WFC) reported second-quarter earnings that bea...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Ericsson's shares fell as much as 10.3%, the most in about 18 months, after the Swedish company said margins for its main business will come under pressure this quarter. - Watches of Switzerland’s annual revenue jumped by 13%, underpinned by strong US demand that the luxury watch retailer said is layin...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Ericsson's shares fell as much as 10.3%, the most in about 18 months, after the Swedish company said margins for its main business will come under pressure this quarter. - DNB Bank missed estimates in the second quarter, falling to the lowest since early 2023, as profitable growth in deposits was offset by p...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SK Hynix extended its brutal selloff in Seoul, taking its two-day slump to more than 20% as a rout in global AI hardware stocks fueled fresh concerns that this year’s blockbuster rally in chipmakers had run too far, too fast. - MUFG’s stock market value shot up to the highest in Japan, marking th...

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - An AI-fueled stock rout in South Korea spilled over into the US market Monday, as SK Hynix (SKHY) American depositary shares fell as much as 9.9%. The decline came after shares of SK Hynix plunged a record 15% in South Korea, sending the benchmark Kospi index down 9% and trigger...

Today's biggest winners and losers in the stock market. 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 - A group of 12 states sued Paramount Skydance (PSKY) Monday seeking to block its $110 billion bid to buy Wa...

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - An AI-fueled stock rout in South Korea spilled over into the US market Monday, as SK Hynix (SKHY) American depositary shares fell as much as 9.9%. The decline came after shares of SK Hynix plunged a record 15% in South Korea, sending the benchmark Kospi index down 9% and trigger...

On this episode of Stock Movers: - TriCo Bancshares (TCBK) shares rise. First Hawaiian agreed to acquire TriCo in an all-stock transaction valued at $63.12 per share based on Friday’s closing price. Upon closing, First Hawaiian and TriCo shareholders are expected to own approximately 65% and 35%, respectively, of the combined company. - SK Hynix (SKHY) ADRs plunge. An AI-fueled stock rout in...

On this episode of Stock Movers: - SK Hynix (SKHY) ADRs plunge. An AI-fueled stock rout in South Korea spilled over into the US market Monday. The decline came after shares of SK Hynix plunged a record 15% in South Korea, sending the benchmark Kospi index down 9% and triggering a market-wide trading suspension. Traders pointed to fears of lower-than-expected earnings, with a report from Korea Inve...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - MGM Resorts International (MGM) shares are rising on a report regarding a potential takeover bid from Barry Diller. - SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trad...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to cause a hit to the American depositary receipts as well. The debate between the optimists and pessimi...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Akzo Nobel shares rise as much as 6.8% after the Dutch firm rejected an offer for its decorative paints business, and continued to recommend an agreed merger with Axalta Coating Systems. - Anglo American shares are up as De Beers plans to pause production at the Venetia mine in South Africa for two years to...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Akzo Nobel shares rise as much as 6.8% after the Dutch firm rejected an offer for its decorative paints business, and continued to recommend an agreed merger with Axalta Coating Systems. - Volatility in the Korean market is impacting Europe after the artificial intelligence boom drove massive outperformance...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SK Hynix shares dropped as much as 14% after the memory chipmaker’s highly anticipated US trading debut, with traders citing profit taking and a shift to the American depositary receipts as the main drivers. - TSMC reported a growth in quarterly sales, meeting high expectations and signaling global dem...

Earnings are in focus with JPMorgan Chase, United Airlines, and Netflix reporting in the coming days, Bloomberg’s John Tucker previews what to expect from these companies in the week ahead with Matthew Griffin Bloomberg Equities Reporter. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers, we take a look at some of the week's biggest gainers and decliners: - Meta Platforms' (META) plans to manufacture its in-house AI chip made companies like Applied Materials, Lam Research, and KLA Corp. happy. The AI infrastructure companies' stocks rose, with Lumentum rising 12% and KLA and Lam Research advancing 4.5% and 6.3%, respectively. Meta's decision to move...

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 Isabelle Lee. - SK Hynix (SKHYV) American depositary receipts jumped 15% above their offering price, after the South Korean memory chipmaker raised $26.5 billion in the largest-...

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Credit rating firm S&P Global Ratings downgraded Oracle (ORCL) to the lowest investment-grade rating, citing the tech company’s growing spending on artificial intelligence. S&P said Oracle’s AI business needs significant upfront investment and long-term data...

On this episode of Stock Movers: --Meta (META) shares are up. Meta is developing plans for a cloud business, which could include selling access to various AI models hosted on Meta's existing AI infrastructure or selling access to "raw" computing capacity. -Robinhood (HOOD) shares are mixed. Rabid interest in the World Cup has helped to drive more than $3 billion of wagers on a prediction market ba...

On this episode of Stock Movers: -Meta (META) shares are up. Meta is developing plans for a cloud business, which could include selling access to various AI models hosted on Meta's existing AI infrastructure or selling access to "raw" computing capacity. -Delta (DAL) shares gain. Delta Air Lines Inc. reaffirmed its full-year profit guidance and said strong demand for premium, corporate and interna...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Delta (DAL) shares are higher after it reaffirmed its full-year profit guidance, citing strong demand for premium, corporate and international travel that helped offset the highest quarterly fuel expense in its history. The airline earned an adjusted $1.56 a share in the second quarter, topping analysts&rsqu...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Delta (DAL) shares are higher after it reaffirmed its full-year profit guidance, citing strong demand for premium, corporate and international travel that helped offset the highest quarterly fuel expense in its history. The airline earned an adjusted $1.56 a share in the second quarter, topping analysts&rsqu...

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - EasyJet shares jump as much as 15% after the budget airline received a fresh offer from private equity firm Apollo that beats a rival proposal from Castlelake. - Vodafone shares soar as much as 14% after its biggest shareholder agreed to sell its entire 16% stake in the firm to a vehicle controlled by billio...