Stock Movers

On this episode of Stock Movers:
- Shares of Broadcom (AVGO) slide in premarket trading after its sales outlook for the red-hot market failed to meet investors’ lofty expectations. The shares fell about 5% in premarket trading on Friday, following unsettling commentary from Chief Executive Officer Hock Tan on a conference call with analysts. He said the company has a backlog of $73 billion in AI product orders that will be shipped over the next six quarters — a number that disappointed some investors. But Tan sought to clarify that the figure was a “minimum.”
- Shares of Lululemon Athletica (LULU) jumped ahead of the US market open after the athleisure purveyor boosted its full-year earnings-per-share guidance, called early holiday performance encouraging, and announced a $1 billion increase to its stock buyback program. Lululemon’s fiscal third-quarter report had several positive nuggets for investors after a tough year. Profit and comparable sales beat analyst expectations in the quarter, driven by growth in international markets. Revenue in the US slipped 3% on a constant-currency basis. The company is also searching for a replacement for CEO Calvin McDonald, who will depart the top post at the end of January.
- Swiss-listed shares of UBS Group (UBSG SW) hit their highest level since February 2008 after a group of influential Swiss lawmakers proposed watering down the capital demands that the country wants to impose on the lender. The senior legislators presented recommendations that would allow UBS to use a kind of junior debt known as AT1 bonds instead of equity to meet some of the fresh capital requirements envisioned by the Swiss government. They also floated the idea to continue letting it use at least some of its software and tax credits to count toward the capital demands, though they also included a rule that would place a cap on investment banking growth.

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On this episode of Stock Movers:
- Shares in UBS soared to the highest intraday level since early 2008 as a group of influential lawmakers proposed watering down the capital demands that Switzerland wants to impose on the bank. - Lufthansa shares rise as much as 6.9%, hitting the highest intraday level since August 2023. Kepler Cheuvreux upgrades the German flag carrier airline to buy from hold, citing an increasingly attractive risk/reward profile and tailwinds heading into next year.
- Card Factory shares fall as much as 27%, the most since 2020, after the firm cut its guidance in what Panmure Liberum called a “shock warning that surprises in scale.”

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On this episode of Stock Movers:
- Shares in UBS soared to the highest intraday level since early 2008 as a group of influential lawmakers proposed watering down the capital demands that Switzerland wants to impose on the bank. - Standard Chartered shares climb as much as 2.6% in Hong Kong after Goldman Sachs upgraded the stock to a “buy,” citing improving profitability and the chance it will raise its return guidance.
- European sportswear stocks could be active after Lululemon Athletica shares jumped in post-market trading in New York as the yoga-wear maker boosted its full-year outlook. Adidas gained 1% in premarket trading among the biggest movers in the DAX.

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On this episode of Stock Movers:

- Broadcom (AVGO) is rising afterhours. The company gave a strong revenue forecast for the current quarter, signaling that demand for AI data center equipment is fueling growth. The company said sales will be about $19.1 billion in the fiscal first quarter, and Chief Executive Officer Hock Tan expects AI semiconductor revenue to double year-over-year to $8.2 billion.

- Lululemon (LULU) shares jumped in postmarket trading. The company raised its full-year outlook, and said Chief Executive Officer Calvin McDonald is stepping down as the company looks to reignite growth amid pressure from competition.

- Oracle (ORCL) sank 10% today. The company forecast 3Q cloud sales growth below analyst estimates, raising concerns that supply constraints are preventing the cloud infrastructure provider from converting its large backlog to actual revenues.

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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, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- The Mosaic Company (MOS) is up by 6% at the close. Fertilizer stocks jumped after Ukraine said drones had hit two fertilizer plants in western Russia, on concerns that geopolitical tensions will affect supply chains for key crop nutrients.

- Eli Lilly (LLY) finished 1.58% higher. A late-stage study showed that a next-generation obesity shot helped patients lose almost a quarter of their body weight, potentially making the experimental drug the most potent weight-loss medicine yet.

- Lululemon (LULU) is spiked as much as 8% afterhours. The company released earnings and boosted its full year EPS guidance. They also announced that CEO Calvin McDonald will step down.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Eli Lilly (LLY) gains 2.6% as a late-stage study showed that a next-generation obesity shot helped patients lose almost a quarter of their body weight, potentially making the experimental drug the most potent weight-loss medicine yet.

- Gemini Space Station (GEMI) rose 20% after its application for a derivatives exchange was approved by the Commodity Futures Trading Commission in a move that will allow the company to join the fast-growing field of prediction markets.

- Oracle (ORCL) sank 13% after the company forecast 3Q cloud sales growth below analyst estimates, raising concerns that supply constraints are preventing the cloud infrastructure provider from converting its large backlog to actual revenues.

See omnystudio.com/listener for privacy information.

- Shares of Oracle (ORCL) fell in early trading after the company reported a jump in spending on AI data centers and other equipment, rising outlays that are taking longer to translate into cloud revenue than investors want. Fiscal second-quarter cloud sales increased 34% to $7.98 billion, while revenue in the company’s closely watched infrastructure business gained 68% to $4.08 billion. Both numbers fell just short of analysts’ estimates. Known for its database software, Oracle has recently found success in the competitive cloud computing market. It’s engaging in a massive data center build-out to power AI work for OpenAI and also counts companies such as ByteDance Ltd.’s TikTok and Meta Platforms Inc. as major cloud customers.
- Shares of Gemini Space Station Inc. (GEMI) rallied after the company's application for a derivatives exchange was approved by the Commodity Futures Trading Commission Wednesday, in a move that will allow the company to join the fast-growing field of prediction markets. Gemini, co-founded by billionaire twin brothers Tyler and Cameron Winklevoss, will soon allow existing US customers to trade event contracts on its website and mobile app, the company said in a blog post. In a regulatory filing prior to its initial public offering, the firm included prediction markets on “economic, financial, political and sports forecasts” among the list of products it was interested in trading.
- Shares of Eli Lilly & Co. (LLY) jumped in the premarket session after the company's next-generation obesity shot helped patients lose almost a quarter of their body weight, potentially making the experimental drug the most potent weight loss medicine yet. The late-stage study was designed to measure weight loss and pain associated with knee osteoarthritis, a condition closely linked to obesity. Patients on the highest dose of the drug — called retatrutide — lost more than 23% of their body weight in 68 weeks, Lilly said in a statement Thursday.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Gemini Space Station (GEMI) shares rise after the crypto exchange founded by the Winklevoss twins said it received a Designated Contract Market license from the Commodity Futures Trading Commission, allowing Gemini to offer prediction markets in the US.
- Oracle (ORCL) Shares slump after the company forecast 3Q cloud sales growth below analyst estimates, raising concerns that supply constraints are preventing the cloud infrastructure provider from converting its large backlog to actual revenues.
- Eli Lilly (LLY) shares rise after a next-generation obesity shot helped patients lose almost a quarter of their body weight, potentially making the experimental drug the most potent weight-loss medicine yet.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Shares of Oracle (ORCL) fell in early trading after the company reported a jump in spending on AI data centers and other equipment, rising outlays that are taking longer to translate into cloud revenue than investors want. Fiscal second-quarter cloud sales increased 34% to $7.98 billion, while revenue in the company’s closely watched infrastructure business gained 68% to $4.08 billion. Both numbers fell just short of analysts’ estimates. Known for its database software, Oracle has recently found success in the competitive cloud computing market. It’s engaging in a massive data center build-out to power AI work for OpenAI and also counts companies such as ByteDance Ltd.’s TikTok and Meta Platforms Inc. as major cloud customers.
- Shares of Eli Lilly & Co. (LLY) jumped in the premarket session after the company's next-generation obesity shot helped patients lose almost a quarter of their body weight, potentially making the experimental drug the most potent weight loss medicine yet. The late-stage study was designed to measure weight loss and pain associated with knee osteoarthritis, a condition closely linked to obesity. Patients on the highest dose of the drug — called retatrutide — lost more than 23% of their body weight in 68 weeks, Lilly said in a statement Thursday.
- Shares of Gemini Space Station Inc. (GEMI) rallied after the company's application for a derivatives exchange was approved by the Commodity Futures Trading Commission Wednesday, in a move that will allow the company to join the fast-growing field of prediction markets. Gemini, co-founded by billionaire twin brothers Tyler and Cameron Winklevoss, will soon allow existing US customers to trade event contracts on its website and mobile app, the company said in a blog post. In a regulatory filing prior to its initial public offering, the firm included prediction markets on “economic, financial, political and sports forecasts” among the list of products it was interested in trading.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Schneider Electric announced a share buyback program of as much as €3.5 billion ($4.1 billion) through 2030 as it targets growing profitability over the next five years, driven by artificial intelligence and electrification.
- Entain's Chief Financial Officer and Deputy Chief Executive Officer Rob Wood is to step down in 2026 after 13 years with the London-listed gambling group.
- Wizz Air shares fall as much as 4.4%. The budget airline is cut to underperform from neutral as BofA analysts flag concerns on costs and increased competition.

See omnystudio.com/listener for privacy information.