Stock Movers

On this episode of Stock Movers:
- Netflix (NFLX) shares are mixed after the news that the company agreed to buy Warner Bros. Discovery Inc. in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios.
- Ulta Beauty (ULTA) shares rise after the company raised its full-year outlook after reporting better-than-expected results in the third quarter, a sign that consumers are overcoming any reluctance to spend and shelling out for cosmetics and hair supplies.
- Hewlett Packard Enterprise (HPE) shares drop after the company gave an outlook for sales in the current quarter that fell short of high expectations for the AI server business. Revenue will be $9 billion to $9.4 billion and profit, excluding some items, will be 57 cents to 61 cents in the period ending in January, HPE said Thursday.

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On this episode of Stock Movers:
- Netflix (NFLX) agreed to buy Warner Bros. Discovery in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios.
- Hewlett Packard Enterprise (HPE) shares dropped in premarket trading on Friday after the company gave an outlook for sales in the current quarter that fell short of high expectations for the AI server business.
- Ulta Beauty (ULTA) raised its full-year outlook after reporting better-than-expected results in the third quarter, a sign that consumers are overcoming any reluctance to spend and shelling out for cosmetics and hair supplies.

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On this episode of Stock Movers:

- Southwest Airlines (LUV) says as a result of lower revenue due to the government shutdown, and the impact of higher fuel prices, the company now expects its full year 2025 EBIT to be approximately $500 million, compared with its prior expectation of $600 million to $800 million.
- Warner Bros. Discovery (WBD) has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc., according to people familiar with the discussions.
- Hewlett Packard Enterprise (HPE) shares dropped in premarket trading on Friday after the company gave an outlook for sales in the current quarter that fell short of high expectations for the AI server business.

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On this episode of Stock Movers:

- BofA Global Research cuts recommendations on BP and Shell as lower oil and gas prices and deflating refining margins “leave the sector grappling for more free cash flow cushions than it is already sitting on.”
- Ocado shares rise as much as 16%, the most since July, after the online grocer said it will receive a $350 million cash payment from Kroger to compensate for the US grocer’s decision to close three automated warehouses and to not go ahead with another.
- Greggs rose 7%. Trading volume was quadruple the average for this time of day.

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On this episode of Stock Movers:

- Ulta (ULTA) raised its full-year outlook after reporting better-than-expected results in the third quarter, a sign that consumers are overcoming any reluctance to spend and shelling out for cosmetics and hair supplies. The company now expects comparable sales to be up as much as 4.7% in the current fiscal year. Ulta guided in August for that figure to be up as much as 3.5%. It also raised its outlook for net sales and earnings per share. The stock jumped 4.9% at 4:25 p.m. in extended trading in New York on Thursday. It has advanced 23% this year through Thursday’s close.

- HPE (HPE) gave an outlook for sales in the current quarter that fell short of analysts’ estimates, suggesting the company isn’t meeting high expectations for the sales of its AI servers. Revenue will be $9 billion to $9.4 billion and profit, excluding some items, will be 57 cents to 61 cents in the period ending in January, HPE said Thursday in a statement. Analysts, on average, projected sales $9.88 billion and profit of 53 cents, according to data compiled by Bloomberg. The shares declined about 2.5% in extended trading after closing at $22.90 in New York. The stock had gained 6.7% this year through Thursday’s close.

- SoFi Technologies (SOFI) is seeking to raise $1.5 billion in a share sale, as the financial technology firm diversifies beyond lending into other products. The San Francisco-based company is working with Goldman Sachs Group Inc. on the share sale, according to a statement Thursday. SoFi is offering shares for $27.50 to $28.50 each, according to people familiar with the matter, who asked not to be identified as the information isn’t public. The price range represents a discount of as much as 7.1% to Thursday’s close of $29.60. Shares fell 5.8% to $27.89 each in after-hours trading as of 5:05 p.m. in New York. Its stock climbed 92% in the year through Thursday’s market close.

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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, David Gura, Alexis Christoforous and Carol Massar.

On this episode of Stock Movers:

- Meta Platforms (META) was the top Mag 7 gainer today, closing 3.43% higher. Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook. The metaverse group was asked to cut deeper due to a lack of industry-wide competition and scrutiny from investors and watchdogs over the technology.

- GE Vernova (GEV) closed higher after Barclays analysts raised its price target. The company has also been commissioned for a second wind turbine in Romaina.

- Intel (INTC) is down 7.45% at the close. The company is shelving plans to spin off or sell a stake in its networking division, deciding it's more likely to succeed as an internal unit. It ended talks with Ericsson, which had discussed buying a stake in the division, to keep it in-house for tighter integration between silicon, software and systems.

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On this episode of Stock Movers:

- Dollar General (DG) is higher after the company raised its full-year outlook, showing how value-focused retailers are winning over consumers hunting for deals. Dollar General cited share gains in its consumable and non-consumable categories, with growth in seasonal goods, home products and apparel.

- Paramount Skydance (PSKY) is lower by about 1% after accusing Warner Bros. Discovery of failing to conduct a fair auction, saying the film and TV company isn’t acting in its shareholders’ best interests. Paramount's attorneys said Warner Bros. "appears to have abandoned the semblance and reality of a fair transaction process" and has "embarked on a myopic process with a predetermined outcome that favors a single bidder"

- Meta Platforms (META) shares jumped. Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc. The metaverse group was asked to cut deeper due to a lack of industry-wide competition and scrutiny from investors and watchdogs over the technology.

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• Meta's (META) Mark Zuckerberg is expected to cut resources for building the metaverse, which he once framed as the future of the company. Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which could include layoffs as early as January
• Five Below (FIVE) raised its profit outlook for the third time in its fiscal year, lifted by demand for budget-friendly trendy goods as US consumer sentiment wanes amid high prices and a weaker labor market. The Philadelphia-based company now sees comparable sales rising about 9.4% to 10.1% in the fiscal year, up from roughly 5% to 7% it saw previously. Adjusted earnings per share is forecast between $5.71 and $5.89, above its previous guidance of $4.76 and $5.16.
• Kroger (KR) lowered the top end of its full-year sales forecast, suggesting that competition is intensifying among food sellers for discerning consumers. The nation’s largest supermarket operator said it now comparable sales to grow between 2.8% to 3%, minus fuel, versus the previous guidance of a 2.7% to 3.4% increase. 

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On this episode of Stock Movers:
Meta (META)

• Meta shares are getting a boost, helping futures move higher, after Bloomberg News reported that it’s expected to meaningfully cut resources for building the so-called metaverse, an effort that CEO Mark Zuckerberg once framed as the future of the company. The reaction indicates clear relief from investors, who have seen it as a drain on resources with little payoff so far.

Snowflake (SNOW)

• Snowflake shares fall as much as 9% in premarket trading after the software company issued a forecast for operating margin in the current quarter that fell short of the average analyst estimate. Analysts noted a deceleration in product revenue growth.

Dollar General (DG)

• Dollar General shares rise 7.4% after the retailer reported its third beat-and-raise quarterly report this year, driven by gross margin outperformance.

Sebastian Escobar

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Dollar General (DG) shares rise after the retailer reported its third beat-and-raise quarterly report this year, driven by gross margin outperformance.
- Snowflake (SNOW) shares fall after the software company issued a forecast for operating margin in the current quarter that fell short of the average analyst estimate. Analysts noted a deceleration in product revenue growth.
- Hormel (HRL) shares rise after the protein producer’s 3Q adj. EPS forecast beat the company’s recently lowered guidance, as well as the Street consensus. In addition, the midpoint of Hormel’s Fiscal 2026 annual adjusted EPS guidance is also ahead of expectations.

See omnystudio.com/listener for privacy information.