Stock Movers

On this episode of Stock Movers:
- BP said it expects to take as much as $5 billion in writedowns for the fourth quarter, just weeks after replacing its chief executive officer as it strives to turn around its fortunes.
- Goldman favors asset-light exposure in global logistics with analyst Patrick Creuset cutting hit recommendation on Maersk to sell.
- Vistry sold 9% fewer homes in 2025 after uncertainty driven by the UK budget created a “subdued market” in the second half of the year.

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On this episode of Stock Movers:

- JPMorgan Chase (JPM) fell 4.2%. The bank's profit declined 7% in the fourth quarter, even as revenue rose on the back of higher fees and interest income. This after JPMorgan warned that President Donald Trump’s call for a 10% cap on credit card rates threatens to “significantly change” its business and would harm the biggest US bank and customers.

- Meta Platforms (META) is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from virtual reality and metaverse products toward AI wearables and phone features. Meta shares closed at 1.69%

- Delta Air Lines (DAL) provided a profit forecast that fell short of Wall Street estimates, with the major US airline taking a more cautious view for 2026 after the aviation industry emerged from a volatile year. Shares in Atlanta-based Delta fell 1.5% to $70 as of 11:07 a.m. New York time after it reported quarterly results on Tuesday. United Airlines was up fractionally, while American Airlines fell 1.7%

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On this episode of Stock Movers:

- Meta Platforms (META) shares fall after news that Meta Platforms Inc. and EssilorLuxottica SA are discussing potentially doubling production capacity for AI-powered smart glasses by the end of this year to capture growing demand and head off rivals.

- Delta Airlines (DAL) shares fall after the company provided a profit forecast that fell short of Wall Street estimates, suggesting the major US airline is taking a more cautious view for 2026 after the aviation industry emerged from a volatile year.

- L3Harris Technologies (LHX) shares rise after news that the US Department of Defense is set to invest in L3Harris Technologies Inc.'s missile unit with a $1 billion convertible preferred security. The investment will "significantly" increase capacity to build solid rocket motors for US missiles, according to L3Harris.

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On this episode of Stock Movers:

- JPMorganChase (JPM) shares are up after earnings. The firm expects to earn about $103 billion in net interest income this year, more than analysts expected, and said the US economy has remained resilient with consumers continuing to spend and businesses generally remaining healthy.

- Delta Airlines (DAL) shares fall after the company provided a profit forecast that fell short of Wall Street estimates, suggesting the major US airline is taking a more cautious view for 2026 after the aviation industry emerged from a volatile year.

- Alphabet (GOOGL) shares rise as analysts for both Apple and Alphabet are positive on the news that Alphabet’s Google has entered multiyear deal to power the iPhone maker’s AI technology, including its Siri digital assistant.

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On this episode of Stock Movers:
- Delta Air Lines (DAL) is ordering 30 Boeing Co. 787 Dreamliner jets in its first-ever purchase of that model, providing a boost to the US planemaker that highlights the airline’s optimism for international travel demand.The announcement came as Atlanta-based Delta reported earnings for the fourth quarter that beat analyst estimates. Revenue last year rose to a record $58.3 billion, in line with analysts’ expectations, it said on Tuesday
- L3Harris (LHX) shares gain after the contractor said the Department of Defense is set to invest in its Missile Solutions business through a $1 billion convertible preferred security, which would automatically convert into common equity upon the unit’s planned IPO.
- Travere Therapeutics (TVTX) slumps after the biotech firm said it received a request from the FDA to clarify the clinical benefit of its therapy that treats a rare kidney disease, a move that analysts said could delay the approval by the agency.

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On this episode of Stock Movers:
- JPMorgan Chase's (JPM) investment-banking fees unexpectedly fell in the fourth quarter, missing the firm’s own guidance from just last month. The biggest US bank generated $2.35 billion from the business in the last three months of 2025, down 5% from a year earlier, according to a statement Tuesday. The firm said in December that it expected a percentage gain in the “low single digits.” The investment-banking results were largely driven by a surprise 2% decline in debt-underwriting fees while analysts expected a 19% gain.
- Delta Air (DAL) shares slump after the carrier gave profit forecast for the full year 2026, with the midpoint of the range falling short of the average analyst estimate. Delta is also ordering 30 Boeing Co. 787 Dreamliner jets in its first-ever purchase of that model, providing a boost to the US planemaker that highlights the airline’s optimism for international travel demand.
- L3Harris (LHX) shares gain after the contractor said the Department of Defense is set to invest in its Missile Solutions business through a $1 billion convertible preferred security, which would automatically convert into common equity upon the unit’s planned IPO.

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On this episode of Stock Movers:
- BAE Systems and Leonardo shares fall as much as 1.6% as Deutsche Bank cuts its ratings as part of several changes in European defense. Thales is down as much as 2.3%
- Diageo — the maker of Guinness and Johnnie Walker — is considering options for its China assets, including a sale. Advisers have been tasked with sounding out interest from local buyers and private equity houses. Shares rose more than 2% in early trading on the news, as investors kept spirits up.
- Raspberry Pi shares drop as much as 10%, slumping to a record low, after the computing company’s strong results were overshadowed by its warning over the rapid increase in the cost of DRAM memory chips.

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On this episode of Stock Movers:
- Orsted shares surged after a US judge ruled work can resume on a wind farm off the coast of Rhode Island while it challenges the government’s latest attempt to stop offshore projects from being built.
- Diageo — the maker of Guinness and Johnnie Walker — is considering options for its China assets, including a sale. Advisers have been tasked with sounding out interest from local buyers and private equity houses. Shares rose more than 2% in early trading on the news, as investors kept spirits up.
- While expectations entering 2026 are higher for European semiconductors following sharp re-rating in 2025, analysts at Jefferies expect the sector to face a “choppy ride", noting that underlying trends for most companies remain “subdued” in their estimation. In semicap, they downgrade ASM International and VAT Group to Underperform.

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On this episode of Stock Movers:

- Eli Lilly (LLY) said Monday it expects its highly anticipated weight-loss pill to receive US regulatory approval as early as the second quarter of 2026, slightly later than it signaled earlier. Drugmakers believe weight-loss pills could expand the market for popular GLP-1 medicines, which up until earlier this year were only sold as injections. In December, Novo Nordisk won approval to sell a pill version of its blockbuster obesity shot Wegovy in the US, a crucial step in its effort to defend its market share from Lilly.

- Shake Shack (SHAK) shares slipped after the burger chain reported preliminary fourth-quarter sales below Wall Street estimates. Preliminary revenue was $400.5 million, below the $409 million average estimate of analysts surveyed by Bloomberg, with Shake Shack blaming inclement weather for keeping diners away. Shake Shack expects sales to expand by low-single digits in 2026, compared with analyst expectations for 2.4% growth, and plans to open 95 to 105 company-operated and licensed locations this year.

- Abercrombie & Fitch (ANF) shares sank after holiday sales disappointed investors, helping spark a selloff in retail stocks. The company now expects fourth-quarter sales growth of around 5%, the mid-point of its prior range, and didn’t raise its outlook. Shares of Abercrombie plummeted 18% on Monday, while American Eagle and Urban Outfitters also sank after their holiday results underwhelmed Wall Street.

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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.

- Alphabet (GOOG) broke above a $4 trillion market capitalization on Monday, becoming one of the few companies to ever cross the threshold as investors increasingly see the Google parent as one of the biggest winners of the artificial intelligence boom. The company recently overtook Apple Inc. to become the second-largest firm, behind Nvidia, and entered a multiyear deal with Apple to power the iPhone maker’s AI technology. Shares closed up 1% at $331.86, translating to a market cap of just over $4 trillion.

-Walmart (WMT) shares are up as much as 3.2%, to a fresh record high, after Nasdaq announced that the retail giant would be added to the Nasdaq 100 Index on Jan. 20.

- Capital One Financial (COF) American Express (AXP) and shares of other US banks sank after President Donald Trump called on credit-card companies to cap interest rates at 10% for a year, a move that could wipe out billions in profits for one of the banking industry’s biggest businesses. Capital One, the largest US card issuer, tumbled as much as 8.2% in New York, the biggest intraday decline in nine months, after the president surprised the industry with a move he said could go into effect next week. American Express dropped 4.2% and JPMorgan Chase & Co., No. 2 in the card rankings, dropped 1.6%.

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