Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shell rose as much as 5.2%,the most in three years. That's as oil surged the most in four years as traders gauged the impact of the effective closure of the Strait of Hormuz triggered by US and Israeli strikes against Iran.
- Global equities opened the week in risk-off mode following US and Israeli strikes on Iran. Defence contractor BAE Systems led gains in its sector jumping as much as 5.7%.
- IAG shares fall as much as 13% in their steepest decline since November 2021. That's as travel chaos extended through the Middle East and beyond amidst the conflict.

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'Bloomberg This Weekend' features unique conversations on business, news, lifestyle and culture. Join David Gura, Christina Ruffini and Lisa Mateo Saturdays and Sundays for discussions with business leaders, lawmakers and cultural icons.  

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Big Tech earnings are still in focus with Target, Crowdstrike, and Broadcom all reporting in the coming days.
Bloomberg's Nathan Hager previews the numbers with Carmen Reinicke, Bloomberg Equities Reporter.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

-Block (XYZ) shares rally 17% after the financial technology company said it was reducing its workforce by nearly half in a bet on AI.

-Netflix (NFLX) stock jumped Friday after the internet television network abandoned its costly bid to buy the studio and streaming units of Warner Bros. Discovery.

- Nvidia (NVDA) was under pressure after OpenAI announced that it had completed a funding round, raising $110 billion. Key investors include SoftBank and Nvidia, both of which have invested $30 billion each, and Amazon, which took a $50 billon stake in the ChatGPT startup.Nvidia fell more than 3%, extending an earnings sell-off on Thursday.

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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, Bailey Lipshultz, Carol Massar and Tim Stenovec

- Block (XYZ) shares rally 17% after the financial technology company said it was reducing its workforce by nearly half in a bet on AI.
- Netflix (NFLX) shares rise 8.5% after the streaming giant dropped out of the fight to buy Warner Bros. Discovery, effectively ending the bidding war for the Hollywood studio.

- Shares of Blue Owl Capital (OWL) are on track for their biggest monthly decline in nearly four years, as investor anxiety grows over turbulence in the $1.8 trillion private credit industry. Blue Owl’s stock is down 18% so far in February, putting it on pace for the worst monthly performance since June 2022, according to data compiled by Bloomberg.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

-Block (XYZ) shares rally after the financial technology company said it was reducing its workforce by nearly half in a bet on AI. Jack Dorsey’s firm also raised its full-year outlook for gross profit, which was already above the average analyst estimate.

-Duolingo (DUOL) shares tumble after the language-learning software company gave a full-year outlook that is below expectations. The stock has dropped 33% this year, as of the last close, as investors fret about the prospect of AI-related disruption. Multiple firms downgraded the stock.

- FIGS (FIGS) Inc shares are climbing after the company delivered a standout fourth-quarter report that blew past Wall Street expectations. FIGS posted earnings of 10 cents per share, far above the 2 cent estimate, and revenue of $201.9 million, which topped expectations by more than 22%.

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On this episode of Stock Movers:

- Block (XYZ) shares jump after the company announced that it's cutting 4,000 employees, reducing its workforce by nearly half, in a move the company describes as a bet on artificial intelligence changing the future of labor productivity.

- Trump Media & Technology (DJT) shares are up after the company said it is in talks to spin off businesses including Truth Social into a new public company following its pending merger with TAE Technologies.

- CoreWeave (CRWV) shares slide after a bigger-than-expected loss and boosting capital expenditures. CoreWeave has been taking on more debt to fund projects and is looking to raise about $8.5 billion from banks to help finance a build-out of cloud computing capacity for Meta.

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On this episode of Stock Movers:

- CoreWeave (CRWV) shares slide after the company reported a bigger-than-expected loss and boosting capital expenditures, spurring concerns about the company overspending on infrastructure. The loss widened to 89 cents a share in the fourth quarter, the company said in a statement Thursday.

- Dell (DELL) shares jump after the company gave an outlook for sales of its artificial intelligence servers that exceeded estimates. The company will generate about $50 billion in AI server revenue in the current fiscal year, and enters the year with a record backlog of $43 billion.

- Netflix (NFLX) shares rise after the streaming giant dropped out of the fight to buy Warner Bros. Discovery, effectively ending the bidding war for the Hollywood studio. Raymond James double downgrades Warner Bros., saying it’s now a traditional arb spread stock, while other analysts are positive about Netflix taking a decisive step to move on. 

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On this episode of Stock Movers:

- Block (XYZ) shares rally after the financial technology company said it was reducing its workforce by nearly half in a bet on AI. Jack Dorsey’s firm also raised its full-year outlook for gross profit, which was already above the average analyst estimate.

- Flutter (FLUT) shares fall after the gambling company reported fourth-quarter results that fell short of Wall Street estimates. Guidance for 2026 was worse than expected, according to analysts, who pointed to increasing competitive pressures in the US sports-betting market as a key concern.

- Duolingo (DUOL) shares tumble after the language-learning software company gave a full-year outlook that is below expectations. The stock has dropped 33% this year, as of the last close, as investors fret about the prospect of AI-related disruption. Multiple firms downgraded the stock.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Rightmove and its property portal peers will survive the artificial intelligence wave, with the technology presenting more of an opportunity than a threat for the sector, according to Chief Executive Officer Johan Svanstrom.
- Delivery Hero reported fourth-quarter orders that missed estimates as the Berlin-based food-delivery company faces stiff competition in key regions and calls from investors to sell all or some of its business.
- BASF announced more job cuts as the German manufacturer continues its cost-savings push in a difficult chemicals market.

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