Stock Movers

On this episode of Stock Movers:
- US defense stocks rally premarket after President Trump said he wants to increase the country’s military budget by about 50% to $1.5 trillion in 2027. The President also issued an executive order aimed at limiting executive compensation and stopping buybacks and dividends for companies unless they invest in speeding weapons development. Bernstein says questions abound regarding each of the president’s actions, but that it’s clear both military spending and scrutiny over its recipients will grow.
- President Trump wrote that he is immediately taking steps to “ban large institutional investors from buying more single-family homes” in an effort to foster housing affordability. Housing related stocks were especially hard hit. Blackstone, the private equity firm that is a major investor in residential real estate, lost 5.6%. Home rental company American Homes 4 Rent fell 4.3%, while Invitation Homes Inc. sank 6%.
- Constellation Brands (STZ) shares are up 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.

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On this episode of Stock Movers:
- US defense stocks advance in premarket trading on Thursday after President Donald Trump said he wants to increase the country’s military budget by about 50% to $1.5 trillion in 2027.
- China plans to approve some imports of Nvidia's (NVDA) H200 chips as soon as this quarter, according to people familiar with the situation, giving the company renewed access to a critical market. Chinese officials are preparing to allow local companies to buy the component from Nvidia for select commercial use, said the people, who asked not to be identified because the deliberations are private.
- Constellation Brands shares are up 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.

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On this episode of Stock Movers:
- BAE Systems rises as much as 6.9%, leading a broad rally in defense shares after President Donald Trump said on Wednesday he will request an increase in the US military budget.
- Adecco shares fall 7.1% after Jefferies downgrade
- Associated British Foods shares drop as much as 12% to a nine-month low after the group warned its profit will be lower than expected this fiscal year due to weaker Primark sales and a mixed performance in its food business.

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On this episode of Stock Movers:

- Jefferies Financial Group Inc. posted a drop in quarterly profit due to a $30 million pre-tax loss tied to the collapse of auto-parts supplier First Brands Group. Net earnings for the fiscal fourth quarter declined 7.2% from a year earlier to $191 million, despite a comeback in dealmaking and trading activity.

- AbbVie Inc. said it’s not in talks to acquire the cancer-focused biotech company Revolution Medicines. Revolution’s shares fell 12% after markets closed in New York, after surging 32% following the Wall Street Journal report that cited people familiar with the talks. A representative for Revolution declined to comment.

- President Trump says Raytheon (RTX) has been the “least responsive” to the needs of the Department of Defense. Shares of RTX as well as rival defense firms Northrop Grumman Corp., Lockheed Martin Corp. and General Dynamics Corp. declined during regular trading after Trump’s earlier comments.

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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.

- Intel (INTC) shares climb as much as 11% on Wednesday, to hit its highest level since April 2024, as the chipmaker extends gains for a second quarter. The stock, which recorded its biggest intraday jump since September, is the biggest percentage gainer in the S&P 500 Index

- Blackstone (BX) falls as much as 9.3% after US President Donald Trump said he was “immediately taking steps to ban large institutional investors from buying more single-family homes.” Home rental company American Homes 4 Rent (AMH) falls 6.3% and Invitation Homes (INVH) drops 6.2%.

- President Donald Trump pledged to block dividends, stock buybacks and "Over Compensation of Executives" of defense companies until they speed up production and maintenance of military equipment. Shares of defense contractors such as Lockheed Martin (LMT) and Northrop Grumman (NOC) dropped after Trump's announcement, with Lockheed's stock closing down 4.8% and Northrop shedding 5.5%.

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On this episode of Stock Movers:

- Shares in Michael Saylor’s Strategy Inc. climbed as much as 6.1% on Wednesday after MSCI decided for now to keep digital asset treasury companies in its stock market indexes.

- Shares of Blackstone (BX) and other housing-related companies fell after President Donald Trump said he would move to ban institutional investors from buying single-family homes. Trump said he was "immediately taking steps to ban large institutional investors from buying more single-family homes" in a push toward promoting housing affordability. The S&P 1500 Homebuilding Index slid as much as 2.3%, with 15 of 18 members trading lower, after Trump's announcement.

- Lockheed Martin quickly erases gains and falls as much as 2.3% after President Donald Trump says he will not “permit Dividends or Stock Buybacks for Defense Companies,” until problems are rectified including pay, production of equipment, plants.

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On this episode of Stock Movers:
- Gold Miners ETF (GDX) shares drop. Gold stocks are down as as traders looked beyond heightened geopolitical tensions to US economic data releases due this week. Platinum slid amid a retreat in precious metals.
- First Solar (FSLR) shares fall after Jefferies cut its recommendation to hold from buy on concerns over tariffs and its valuation. Analyst Julien Dumoulin-Smith sees a cautious 2026 outlook for First Solar due to limited booking visibility and lower than expected tailwinds from Section 232 tariffs as international facilities remain a pain point
- Mobileye (MBLY) shares jump after news the company is acquiring Israeli startup Mentee Robotics in a cash-and-stock deal valued at $900 million to expand its robotics capabilities.

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On this episode of Stock Movers:
- Valero Energy (VLO) shares rise after news that the company is expecting to increase gasoline imports to the San Francisco Bay Area, as the company moves forward with plans to close a refinery in the region but stops short of fully exiting Northern California for now.
- Newmont (NEM) shares drop after the world’s top gold producer cut first-quarter output expectations because a wildfire damaged infrastructure at a key mine in Western Australia.
- Mobileye (MBLY) shares jump after news the company is acquiring Israeli startup Mentee Robotics in a cash-and-stock deal valued at $900 million to expand its robotics capabilities.

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On this episode of Stock Movers:
- Ventyx (VTYX) shares rose after reports that Eli Lilly is in advanced talks to acquire the biosciences company for more than $1 billion to expand its work in immunology, according to a report in the Wall Street Journal.
- Mobileye Global (MBLY) is acquiring Israeli startup Mentee Robotics in a cash-and-stock deal valued at $900 million, as the self-driving car system company expands its robotics capabilities.
- Shares in Michael Saylor’s Strategy (MSTR) climb after MSCI decided for now to keep digital asset treasury companies in its stock market indexes.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nickel touched a fresh 19-month high in choppy trading as traders weighed rising inventories against mounting production risks that have fueled a breakneck rally in prices. Copper will rally to $14,000 a ton within the coming three months amid bullish momentum, but could peak this month unless fresh catalysts emerge, according to Citigroup. Rare earth-related shares gained across the Asia-Pacific region after China imposed a ban on exports of military-use items to Japan. Meantime, precious metals miners and royalty companies are down in US premarket trading as gold and silver pull back with broader markets as traders look to upcoming US economic data later this week.
- Shares of Ventyx Biosciences Inc. (VTYX) were up as much as 67% in early US trading after the Wall Street Journal reported that Eli Lilly & Co. is in advanced talks to acquire the company for more than $1 billion to expand its work in immunology.
- Shares of Michael Saylor's Strategy (MSTR) climbed ahead of the US market open after MSCI decided for now to keep digital asset treasury companies in its stock market indexes. Back in October, MSCI proposed excluding those companies from its indexes, but now says companies already included in indexes will remain eligible if they meet existing index requirements.

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