Stock Movers

On this episode of Stock Movers:
- Vistra (VST) shares surge after the company disclosed a 20-year power purchase agreement with Meta Platforms, Inc. The deal involves supplying over 2,600 MW of zero-carbon power from three nuclear plants to support Meta's regional operations.
- General Motors (GM) shares drop after news the automaker will take another $6 billion in charges tied to production cutbacks in its electric vehicle and battery operations.
- Southwest Airlines (LUV) shares climbed after JPMorgan raised its recommendation on the carrier to overweight from underweight, seeing an increase in its earnings-per-share guidance as likely. The analyst also added the stock to their Positive Catalyst Watch list ahead of an upcoming earnings report.

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On this episode of Stock Movers:
- Oklo (OKLO) shares rise and Vistra (VST) rallies as Meta Platforms agreed to a series of electricity deals for its data centers that will make it the biggest buyer of nuclear power among its hyperscaler peers.
-Shares in LoanDepot (LDI), Rocket Cos (RKT) and Opendoor Technologies (OPEN) jumped in premarket trading Friday after President Donald Trump said on his social media platform that he was directing the purchase of $200 billion in mortgage bonds.
- Rio Tinto (RIO LN) is open to retaining Glencore’s (GLEN LN) massive coal business if merger talks between the two companies are successful, according to people familiar with the matter.

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On this episode of Stock Movers:
- Shares in Oklo (OKLO) and Vistra (VST) rally as Meta Platforms (META) agreed to a series of electricity deals for its data centers that will make it the biggest buyer of nuclear power among its hyperscaler peers.
- Revolution Medicines (RVMD) shares jump after the Financial Times reported that Merck is in talks to buy the cancer drugmaker. The report comes days after another drugmaker, AbbVie, denied it was in talks to acquire Revolution.
- General Motors (GM) will take another $6 billion in charges tied to production cutbacks in its electric vehicle and battery operations as the financial fallout spreads from the weakening US market for EVs.

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On this episode of Stock Movers:
- Rio Tinto is in talks to buy Glencore to create the world’s biggest mining company with a combined market value of more than $200 billion, a little over a year after earlier talks between the two collapsed.
- BNP Paribas shares rose as much as 3.9% after J.P. Morgan raised the French lender’s stock to overweight from neutral, citing the prospect of improved profitability and lessening concern over its capital level. This is BNP’s second upgrade this week.
- L’Oreal shares rose as much as 4.7%, the most since July, as UBS upgrades the cosmetics group to buy from neutral, predicting an improvement in industry growth and the cosmetics group’s like-for-like sales outperformance.

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On this episode of Stock Movers:
- Rio Tinto is in talks to buy Glencore to create the world’s biggest mining company with a combined market value of more than $200 billion, a little over a year after earlier talks between the two collapsed.
- ASML shares are rising after Taiwan Semiconductor Manufacturing Co.’s revenue topped estimates, reinforcing hopes of sustained global AI spending in 2026 despite concerns about an industry bubble.
- J Sainsbury reported solid food sales over the holiday season but faced weak demand for clothing and electricals over a challenging Christmas for British retailers.

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On this episode of Stock Movers:

- It's been a pretty tumultuous week for Lockheed (LMT), but its shares are up today after Trump said on Truth Social that he wants to raise the US defense budget to $1.5 trillion, which is almost one and half times this year's budget. Other defense companies are also seeing a similar trajectory -- just yesterday, their stocks tumbled when Trump said he wanted to stop their dividends and buybacks.

- Constellation Brands (STZ) the company that makes your Modelo and Corona. Its shares rose to a more-than-five year high today, although later on, some investors turned cautious. Overall, investors were happy that its results beat estimates and it maintained its forecast. Things haven't been easy for alcohol makers. People, especially younger folks, are avoiding beers and wine, so the results were a relief. But then the company noted that tariffs are still affecting costs, and Hispanic customers, which they rely a lot on, are spending less on their drinks because they're worried about the economy and immigration issues.

- Shares of Gap (GAP) climbed today too, after UBS upgraded their rating of Gap to "buy" and raised their price target. UBS thinks that Gap's sales and profits will benefit from their growing beauty and handbag business, as well as their athleisure brand Athleta. UBS also think Gap and Old Navy had a strong holiday season, and the company will end up increasing their stock buybacks.

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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.

- Shares of defense companies like Lockheed Martin (LMT), General Dynamics (GD) and Northrop (NOC) all rose in trading today on news from the White House that President Donald Trump said he wants to increase the country’s military budget by about 50% to $1.5 trillion in 2027. A Goldman Sachs basket of European defense stocks rose as much as 3.8% on Thursday, extending its gain for the week to about 13%. In the US, Northrop Grumman Corp. and Lockheed Martin Corp. surged more than 6% in premarket trading, rebounding from a drop the previous day when Trump called for curbs on executive pay and shareholder returns in the sector. Defense stocks also rose in Asia.

- Alphabet (GOOG) has overtaken Apple to become the second-most valuable company by market capitalization, a reflection of how the Google parent has emerged as one of the most significant winners of artificial intelligence. Shares of Alphabet rose 2.4% on Wednesday, closing with a valuation of $3.89 trillion. That allowed it to surpass Apple, which closed with a market cap of $3.85 trillion on Wednesday, following a six-day slump that erased nearly 5% — and almost $200 billion — off its value. The divergence widened further Thursday, with Apple opening 1.2% lower and Alphabet gaining 1.1%.

- Rio Tinto (RIO) saw its shares fall on word that Glencore said it’s in talks with the firm on a deal that would create the world’s biggest mining company, a little over a year after earlier talks between the two companies collapsed. Glencore said Thursday that it was in preliminary talks with Rio, with options including an all-share transaction that would see Rio buy Glencore. Glencore said there’s no certainty of a deal, adding that a further announcement will be made as appropriate. Rio Tinto declined to comment.

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On this episode of Stock Movers:

• Coinbase Global Inc. shares (COIN) rise 0.5% after it was raised to buy from neutral at BofA Global Research on growth from new products and a lower valuation.
• Nike shares (NKE) fall 1% ahead of the bell as Needham analyst Tom Nikic downgrades the athletic footwear maker to hold from buy given his view that a turnaround is taking longer than expected.
• Soho House (SHCO) declines 9.7% after the members’ club operator said it faces a funding gap tied to the company’s pending sale.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Coinbase Global Inc. shares (COIN) rise after it was raised to buy from neutral at BofA Global Research on growth from new products and a lower valuation.
- Nike shares (NKE) fall 1% as Needham analyst Tom Nikic downgrades the athletic footwear maker to hold from buy given his view that a turnaround is taking longer than expected.
- Soho House (SHCO) declines after the members’ club operator said it faces a funding gap tied to the company’s pending sale.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Kratos (KTOS) shares rise. US defense stocks rally after President Donald Trump said he wants to increase the country’s military budget by about 50% to $1.5 trillion in 2027.
- Constellation Brands (STZ) shares surge, the most intraday since November 2020, after the maker of Modelo Especial and Corona reported comparable EPS and net sales for the third quarter that beat consensus and reaffirmed its full-year forecast.
- Warner Bros Discovery (WBD) shares drop. Paramount Skydance reaffirmed its offer to buy Warner Bros. Discovery Inc. for $30 a share, insisting its hostile bid is superior to one from Netflix Inc. despite multiple rejections by Warner Bros.’ board.

See omnystudio.com/listener for privacy information.