Stock Movers

On this episode of Stock Movers: - Micron Technology (MU) shares are higher this morning as it gave an upbeat forecast for the current quarter, driven by demand for artificial intelligence equipment, and posted third-quarter results and a fourth-quarter forecast that exceeded estimates. The company's high-bandwidth memory (HBM) business is fueling a sales surge, with continued growth expected as A...

On this episode of Stock Movers: - H&M profit was buoyed by tighter cost control and demand for its women’s fashion and sportswear ranges in the second quarter, a sign Chief Executive Officer Daniel Erver’s turnaround strategy is finally progressing. - Shell says it has not been actively considering making an offer for BP, has not made an approach and no talks have taken place with...

On this edition of Stock Movers: - Micron (MU) shares are up after the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending th...

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. - Micron (MU), the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment....

On this edition of Stock Movers: - Coinbase (COIN) shares gain after Bernstein raised the target on the crypto trading platform to $510, a Street high and 48% above Tuesday’s close, from $310. The company’s revenue is set to more than double by 2027 as it benefits from strong trading growth, as well as non-trading revenue lines such as staking and stablecoins, analyst Gautam Chhugani w...

On this episode of Stock Movers: - Bumble (BMBL) shares rise after the company said it’s cutting almost one-third of its staff, months after founder Whitney Wolfe Herd returned as chief executive officer to overhaul the struggling dating app. - FedEx (FDX) shares drop after the company warned that its profit will be worse than expected this quarter and declines to offer guidance for the rest...

On this episode of Stock Movers: - FedEx (FDX) is sinking on a warning on tariffs. FedEx warns that its profit will be worse than expected this quarter due to the impact of President Donald Trump's trade war on its business. The company's shares dropped 6% in premarket trading, and its stock is down 18% year to date, with US-China shipments deteriorating sharply in May. - Quantumscape (QS) shares...

On this episode of Stock Movers: - FedEx (FDX) is sinking on a warning on tariffs. FedEx warns that its profit will be worse than expected this quarter due to the impact of President Donald Trump's trade war on its business. The company's shares dropped 6% in premarket trading, and its stock is down 18% year to date, with US-China shipments deteriorating sharply in May. - UPS (UPS) shares are foll...

On this episode of Stock Movers: - Babcock International Group raised its medium-term profit target and announced its first-ever share buyback as the UK defense firm benefits from a surge in military spending. - Worldline SA shares fell by more than a fifth on Wednesday, following reports that the company covered up fraud by customers. - Stellantis rises as much as 4.1% as Jefferies upgrades the a...

On this edition of Stock Movers: - Carnival (CCL) shares jumped after it raised its full-year profit outlook as cruise demand has shrugged off the volatile economic and geopolitical backdrop. Its stock surged by as much as 10%, while peers Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings and Viking Holdings Ltd. also rose by more than 4.3%. Earnings will be around $1.97 per share this...

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, Alix Steel, Carol Massar and Tim Stenovec. - FedEx (FDX) forecast a worse-than-expected profit for the current quarter in a sign that soft demand from consumers and businesses rattled by tariffs is...

On this edition of Stock Movers: - Uber (UBER) shares rose after the ride-hailing company said in a press release that it will be partnering with Alphabet Inc’s Waymo to offer ride-sharing through autonomous vehicles in Atlanta. In addition, Lime, the Uber-backed electric bike startup, has hired investment banks to prepare for a US initial public offering, according to a report from Reuters....

On this episode of Stock Movers: - Tesla (TSLA) shares are higher this morning. Tesla’s CEO Elon Musk has tied the company’s future to driverless taxis and the tentative launch of the service in Austin yesterday is helping lift the company’s stock ahead of the open. It fell on Monday, even as the broader S&P 500 gained but rallied overnight. That’s pushing up the consum...

On this episode of Stock Movers: - ExxonMobil (XOM) is lower this morning along with other major oil giants like Chevron (CVX) as the US, Israel, and Iran work toward a truce. President Trump called on Israel to stop dropping bombs on Iran, calling it a “major violation” of a fragile ceasefire between the two countries he announced just hours beforehand. Moments earlier, Trump told rep...

On this episode of Stock Movers: - Stoxx 600 Energy index is down 2.9%, the worst-performing sector in Europe today - Several Persian Gulf states, including Qatar and the United Arab Emirates, have reopened their airspace and resumed operations at some of the world’s busiest airports - Defense suppliers are sliding again after significant declines on Monday See omnystudio.com/listener for pr...

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, Alix Steel, Carol Massar and Tim Stenovec. - Tesla (TSLA) shares climbed after the automaker rolled out its long-promised driverless taxi service to a handful of riders, a modest debut for what Elon...

On this edition of Stock Movers: - Norwegian Cruise Line (NCLH) shares fell following worries on the ongoing conflict in the Middle East and how it might impact oil prices. Carnival (CCL) is set to report earnings tomorrow, which could give a read on how travelers are feeling. - Constellation Energy Corporation (CEG) shares rose on word that New York state is pushing to build a nuclear power plant...

On this episode of Stock Movers: - Quantum Computing (QUBT) an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 14,035,089 shares of common stock in a private placement at a purchase price of $14.25 per share. - Fiserv (FI) shares rose as much as...

On this episode of Stock Movers: - Tesla (TSLA) shares rise after roll out its long-promised driverless taxi service to a handful of riders Sunday, a modest debut for what Elon Musk sees as a transformative new business line. -Northern Trust (NTRS) shares rise after Bank of New York Mellon approached Northern Trust last week to express interest in a possible merger -Estee Lauder (EL) shares rise a...

On this episode of Stock Movers: - Northern Trust (NTRS) shares are higher this morning on a WSJ report that Bank of New York Mellon approached it to express interest in a possible merger, which would be a megadeal for the US financial services industry. A tie-up would bring together two of the largest custodian banks in the world, with a combined entity's scale that would help it compete with glo...

On this episode of Stock Movers: - ExxonMobil (XOM) is moving to the upside this morning amid rising oil prices from the latest developments in the Israel-Iran conflict. The conflict has raised concerns about oil prices and inflation, with oil rising by nearly 6% and US stock futures declining, and has also led to warnings about the risk to global energy supplies and the closure of the Strait of H...

On this episode of Stock Movers: - Airlines all in the red as British Airways and Singapore Airlines canceled flights to the Persian Gulf, increasing aviation disruptions in the region - The Stoxx 600 energy sector is the best performer on Monday, up 0.3% while the broader market is little changed by 9:07 a.m. in Frankfurt - European defense stocks are mostly falling, though a Bloomberg index is s...

Meta Platforms has made at $14.3 billion investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts. That investment represents at 49% stake in Scale AI and a 3x premium to recent industry deals.   For more on the deal, Paul Sweeney and Alix Steel speak with Bloomberg Intelligence Senior Analyst Mandeep Singh. See omnystud...

JetBlue Airways Corp. plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks as economic uncertainty feeds weaker-than-expected demand for travel, the company said in an internal memo.    The carrier will eliminate underperforming routes and plans to announce network changes in coming weeks, according to the memo...

On this episode of Stock Movers: - Coinbase (COIN) rallied 27% this week, becoming the biggest weekly gainer in the S&P. Coinbase secured its Markets in Crypto Assets license from the Luxembourg Commission de Surveillance du Secteur Financier, enabling the company to offer a full suite of crypto products to all 27 EU member states. The company also introduced Coinbase payments for commerce pla...