Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Soitec gains as much as 11% as JPMorgan upgrades to overweight and more than doubles its price target, saying raised expectations for the company’s photonics business more than compensate for concerns in mobile.
- Barratt Redrow cut its guidance for home sales as Britain’s biggest housebuilder urged the government to help stimulate demand dented by the conflict in the Middle East.
- WH Smith expects profit to be at the bottom of its guidance range as inflation and an increase in promotions weigh on the British travel retailer’s performance.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Japanese refiners have stepped up purchases of Middle Eastern oil after the shutdown of a key Saudi Arabian pipeline heightened concerns over prompt supplies. Eneos recently bought Oman crude for loading as early as October, according to traders familiar with the matter.
- SK Hynix is in talks with Intel about a deal that ​would see it manufacture memory chips in the US for the first time, Reuters reports, citing three unnamed people familiar with the discussions.
- Chinese hardware tech stocks ,including Zhongji Innolight, rally on expectations that Beijing will remain supportive of AI development, and that an interest-rate hike by the Federal Reserve has been largely priced in.

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Today's biggest winners and losers in the stock market:
On this episode of Stock Movers:

• General Motors (GM) announced Tuesday it is integrating Apple Inc.’s CarPlay in its latest infotainment system, three years after eliminating the popular interface from its electric vehicles. The new system will allow drivers to use CarPlay or Google’s Android Auto on a split screen that also shows key vehicle gauges such as fuel, tire pressure, Super Cruise hands-free driving and towing information. The user interface will debut late this year in the 2027 Chevrolet Silverado and GMC Sierra trucks. GM shares fell in New York trading on Tuesday.
• Waystar (WAY) saw shares jump as much as 9.6% to the highest intraday since March 5, after Reuters reported that the firm is exploring options, including a sale, two years after a public listing in New York.
• Wells Fargo (WFC) CFO Michael Santomassimo said that the lender’s net interest margin is expected to be better than initially expected. The bank has been able to pick up more yield as it reinvest its securities portfolio and has also seen higher yields from its lending portfolios, he said. Wells Fargo shares were higher in trading today.

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On this episode of Stock Movers:

- Forgent (FPS) shares jump. The power equipment company reported fourth-quarter revenue and adjusted Ebitda above a guidance range given in May. The company’s backlog grew 256% year-over-year.

- Waystar (WAY) shares rise. Reuters reported that the firm is exploring options, including a sale, two years after a public listing in New York. The company hired Evercore to advise on the process, which is ⁠currently at an early stage, Reuters reported citing people familiar with the matter.

- Coinbase (COIN) shares drop. Hopes of the Clarity Act passing this year faded. The Senate is set to vote on the crypto regulation bill on Tuesday afternoon.

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

On this episode of Stock Movers:

- Dave & Buster's (PLAY) shares are lower after it reported revenue for the second quarter that missed the average analyst estimate.

- Coinbase (COIN) along with other crypto shares along with Bitcoin are sliding ahead of the Senate's vote on the CLARITY Act that would regulate digital assets and the crypto industry.

- Waystar (WAY) shares are higher after Reuters reported that the firm is exploring options, including a sale, two years after a public listing in New York.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Micron (M) shares are moving slightly amid the broader moves in the AI trade. It also comes as the Micron Taiwan workers’ union rejected a reward package unveiled by US-based Micron Technology last week, saying it wants a long-term mechanism under which employees would share 15% of the company’s operating profits, according to the semi-official Central News Agency report.
- Strategy (MSTR) shares are moving ahead of the CLARITY Act vote in the Senate today, which would provide rules on cryptocurrencies and digital assets.
- Eli Lilly (LLY) shares are higher as Berenberg analyst Kerry Holford raised the recommendation on Eli Lilly & Co. to buy from hold. The price target is set to $1,400, implying a 23% increase from last price.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Bank of America Chief Executive Officer Brian Moynihan said trading revenue will be “relatively flat” compared with last year’s third quarter, an unexpected break from the surge that Wall Street saw in the first half.
- Kety shares rise as much as 7.6% after the Polish aluminum products and packaging maker agreed to buy Italy’s Metra from KPS Capital Partners
- Puig Brands SA agreed to buy the 50% of Isdin SA it didn’t already own for €1.2 billion ($1.4 billion), giving it full control of the skincare brand. Shares fell.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- China leads globally in business-to-consumer AI, with its domestic market projected to reach 300 billion yuan by 2030, according to Morgan Stanley.
- Aussie stocks continue their long fade as the Aussie 2-year breaches 5% and copper's vertical rally moderates.
- Shares of India’s technology services stocks rallied on bets that calls to slow the pace of artificial intelligence development will offer a reprieve for the beaten-down sector, among the earliest casualties of the AI boom.

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

On this episode of Stock Movers:

- Shares of cybersecurity companies, like CrowdStrike (CRWD) rallied in trading today after AI leaders called for a slower pace of development of their most advanced models over the weekend. CrowdStrike saw its shares rally as high as 15%. Palo Alto Networks (PANW) gained as much as 12% in New York trading.

- Coinbase (COIN) shares, as well as other crypto-related stocks gained in trading today on hope crypto legislation could pass soon. The rally came as the odds of the market regulation Clarity Act passing this year climbed from as low as around 14% to about 30% on Polymarket, still a long shot but a sharp repricing of its prospects.

- Hewlett Packard Enterprise (HPE) shares fell after Evercore ISI downgraded the company to inline from outperform, citing valuation in the wake of recent strength. Shares have gained nearly 160% this year, supported by robust AI-related demand for its servers.

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On this episode of Stock Movers:

- Chevron (CVX) shares rise. Chevron Corp. is considering investing in European liquefied natural gas import capacity, but needs greater clarity on the bloc's methane rules before making a long-term commitment. The company is interested in building out regasification capacity as part of an expansion of its pipeline-gas business in Europe, which would allow it to deliver imported gas directly into the continent's grid.

- Oracle (ORCL) drop following a disclosure that co-founder and Chief Technology Officer Larry Ellison canceled a plan to sell company shares.

- Roblox (RBLX) shares gain. Roblox announced new tools and features at its annual developers conference, which could help accelerate growth according to Wedbush.

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