Stock Movers

On this episode of Stock Movers:

- Intel (INTC) shares sink afterhours after the company gave a lackluster forecast for the current quarter because supply shortages are making it harder to meet customer demand, a disappointment for investors who anticipated more of a boost from new products.First-quarter revenue will be $11.7 billion to $12.7 billion, the company said in a statement Thursday. The midpoint of that range fell short of the $12.6 billion estimated by analysts. 

- Nvidia (NVDA) shares ended the day higher after upbeat commentary from the chipmaker CEO Jensen Huang to the World Economic Forum in Switzerland, saying that the global AI buildout will require trillions of dollars of investment. 

- Netflix (NFLX) ended the day lower as the streaming company's co-Chief Executive Officer Ted Sarandos is planning to testify in February at a US Senate committee hearing looking into his company’s proposed $82.7 billion purchase of the streaming and studio operations of Warner Bros. Discovery Inc.

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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 Greifeld, Carol Massar and Tim Stenovec.

• Carvana (CVNA) shares rose Thursday as Barclays boosted its price target on the online car-selling platform to $530 from $465 and increased its 2026 profit estimate to $7.46 from $7.01.
• Abbott Laboratories (ABT) said first-quarter profit will be lower than Wall Street expected after the company was forced to offer discounts on nutrition products to lure price-conscious customers, sending shares plunging. The company forecast first-quarter adjusted earnings per share to reach $1.12 to $1.18, compared to the average Wall Street estimate of $1.19 a share. Analysts’ expectations were already low, as they anticipated the company to issue more conservative guidance to avoid the impact of Covid-19 testing sales, which have continued to decline since the pandemic. The shares closed 10% lower Thursday in New York, their biggest one-day decline since June 2002.
• Intel (INTC) gave a lackluster forecast for the current quarter because supply shortages are making it harder to meet customer demand, a disappointment for investors who anticipated more of a boost from new products. Intel is struggling with its manufacturing yields — the percentage of usable chips coming out of its factories — hampering a comeback bid. The once-dominant semiconductor company has spent years trying to restore its technological edge and recover from market share losses, and this is one more setback. Intel shares fell about 3% in extended trading Thursday following the report.

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On this episode of Stock Movers:

-Shares of Netflix (NFLX) sink while Paramount Skydance (PSKY) shares rise as Paramount again extended its tender offer for Warner Bros. Discovery Inc. shares and said it would ask investors to vote against a proposed sale to Netflix Inc. at a special meeting of Warner Bros. shareholders. The new offer expires Feb. 20, the parent of CBS, MTV and other entertainment businesses said Thursday in a proxy filing. Paramount has been trying to acquire Warner Bros. since September. 

-Carvana (CVNA) shares jump as Barclays boosted its price target on the online car-selling platform to $530 from $465 and increased its 2026 profit estimate to $7.46 from $7.01.

-Meta (META) shares rise in the largest jump of the year after Jefferies analyst Brent Thill listed reasons to buy the recent pullback in Meta. Thill says the company has moderate downside to estimates “with stronger upside potential,” and they expect the company's AI hires to deliver in 2026.

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On this episode of Stock Movers:
- Netflix (NFLX) shares drop after Paramount Skydance files a preliminary proxy materials with the SEC to solicit Warner Bros. Discovery holders to vote against the amended Netflix transaction.
- Carvana (CVNA) shares climb as Barclays boosted its price target on the online car-selling platform to $530 from $465 and increased its 2026 profit estimate to $7.46 from $7.01.
- P&G (PG) shares rose after executives signaled sales are rebounding in the US and expressed confidence the company will meet its full-year guidance.

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On this episode of Stock Movers:
- Corcept Therapeutic (CORT) shares soar after the pharmaceutical firm said its Phase 3 ROSELLA trial of relacorilant plus nab-paclitaxel in platinum-resistant ovarian cancer met its overall survival primary endpoint, showing a 35% reduction in death risk compared to nab-paclitaxel alone.
- Abbott Labs (ABT) shares sink after the medical devices firm forecasted first-quarter earnings that fell short of estimates. The company also reported organic sales for the fourth quarter that missed Wall Street’s estimates.
- Arista Networks (ANET) shares jump. The company has been a beneficiary of AI-related spending, rising more than 370% since the end of 2022. Piper Sandler upgraded the stock earlier this month.

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On this episode of Stock Movers:
- Intel (INTC) shares jumped as much as 12% on Wednesday to the highest since January 2022 amid a broad rally in semiconductor stocks after Nvidia CEO Jensen Huang talked up the need for trillions of dollars more in computing infrastructure spending.
- Procter & Gamble (PG) growth in a key sales metric stagnated in the last quarter while volume slipped, showing that US consumers spent cautiously in the final months of the year.The maker of Pampers diapers and Tide detergent reported flat organic sales, which exclude the impact of currency volatility and acquisitions, in the quarter. That’s the slowest pace in a decade and slightly below the average estimate of analysts. Volume dropped by 1%, dragged down by declines in baby, feminine and family care products.
- Paramount Skydance (PSKY) again extended its tender offer for Warner Bros. Discovery Inc. shares, giving investors more time to weigh its proposal to acquire the rival media company.The new offer expires Feb. 20, the parent of CBS, MTV and other entertainment businesses said Thursday in a proxy filing. Paramount has been trying to acquire Warner Bros. since September. The company first launched its tender offer on Dec. 8, three days after Netflix Inc. announced a deal to buy Warner Bros.’ studios and streaming businesses. The company previously extended the offer for another month on Dec. 22.

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On this episode of Stock Movers:
- Beazley shares fall as much as 7% before paring losses after the Lloyd’s of London insurer’s board unanimously rejects a cash proposal of 1,280p per share from Zurich Insurance Group, according to a statement.
- B&M European Value Retail SA cut its guidance as the cost of its turnaround plan, including clearing inventory, weighs on profit.
- Telenor agreed to sell its stake in Thai telecommunications operator True Corp. to Arise Digital Technology Co. for a total value of 39 billion kroner ($3.9 billion).

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On this episode of Stock Movers:
- Volkswagen ended 2025 with more cash in its automotive division than forecast as the German carmaker delays projects and investments in an overhaul of its electric-vehicle strategy.
- B&M European shares drop as much as 4.3% after the discount retailer cut its earnings guidance for fiscal 2026, following multiple profit warnings last year. Analysts said efforts to cut prices and address inventory are weighing on margins in the UK.
- Ubisoft shares fell the most since 2019 after the Assassin’s Creed maker said it would cancel game projects, shut down studios and cut its guidance in a restructuring.

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On this episode of Stock Movers:

- Johnson & Johnson (JNJ) shares drop as much as 3.1% in premarket trading after the health-care company reported mixed drug sales for the fourth quarter. The firm also forecasted sales for 2026 that beat the average analyst estimate.

- Nathan's Famous (NATH) surged after Smithfield Foods said it would acquire the legendary hot dog brand in a deal valued at about $450 million, securing the rights to a key product in its business’s largest segment.

- Kraft Heinz (KHC) shares closed down 1.36% after the packaged food company registered more than 325 million common shares held by Berkshire Hathaway, its largest shareholder, for potential sale

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, Katie Greifeld, Carol Massar and Tim Stenovec.

- Moderna (MRNA) shares jumped on Wednesday on continued momentum after the company’s Tuesday update revealing the long‑term results from a cancer therapy study.

- Nathan's Famous (NATH) surged after Smithfield Foods said it would acquire the legendary hot dog brand in a deal valued at about $450 million, securing the rights to a key product in its business’s largest segment..
- Kraft Heinz shares closed down 1.36% after the packaged food company registered more than 325 million common shares held by Berkshire Hathaway, its largest shareholder, for potential sale.

See omnystudio.com/listener for privacy information.