Stock Movers

AMD Extends Three-Day Winning Streak, Jeffries Slides, FICO Falls


Listen Later

On this episode of Stock Movers:

- AMD (AMD) shares rallied on Wednesday, extending gains in the wake of a chip sale agreement with OpenAI to more than 40% over a three-day winning streak. AMD rose as much as 11% on Wednesday on volume nearly twice the daily average over the past three months; that followed a gain of nearly 4% on Tuesday and 24% on Monday, when the deal was announced

- Jeffries (JEF) shares fell as as asset manager controlled by a unit of the firm sank nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands. Point Bonita Capital’s portfolio has about $715 million invested in receivables due by First Brands’ customers including Walmart Inc. and AutoZone Inc., with the auto-parts supplier responsible for directing payments to Point Bonita, Jefferies said in a statement. Problems with the receivables emerged on Sept. 15 as the company stopped making these payments.

- Fair Isaac (FICO) saw its shares tumbled the most intraday since August 1 after Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Stock MoversBy iHeartPodcasts

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

19 ratings


More shows like Stock Movers

View all
Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

404 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,170 Listeners

Masters in Business by Bloomberg

Masters in Business

2,201 Listeners

Odd Lots by Bloomberg

Odd Lots

1,967 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

420 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,038 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,302 Listeners

Here's Why by Bloomberg

Here's Why

62 Listeners

Wall Street Week by Bloomberg

Wall Street Week

59 Listeners

The Big Take by Bloomberg

The Big Take

154 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

85 Listeners

The Markets by Goldman Sachs

The Markets

80 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

76 Listeners

Bloomberg Daybreak: Asia Edition by Bloomberg

Bloomberg Daybreak: Asia Edition

8 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

11 Listeners