Stock Movers

On this episode of Stock Movers:
- Walmart (WMT) Walmart shares rose as much as 7.3%, the most intraday since April 9, after the retail giant reported third-quarter results that topped Street expectations. Executives raised the annual guidance metric, resulting in what some analysts described as a “conservative” 4Q view.

- Nvidia (NVDA) shares fell 3.2% to $180.64 in New York after initially climbing more than 5% following a stronger-than-expected revenue forecast. The company announced sales will be about $65 billion in the January quarter and that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.

- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.

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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 Griefeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:
- Walmart (WMT) Walmart shares rose as much as 7.3%, the most intraday since April 9, after the retail giant reported third-quarter results that topped Street expectations. Executives raised the annual guidance metric, resulting in what some analysts described as a “conservative” 4Q view.

- Nvidia (NVDA) shares fell 3.2% to $180.64 in New York after initially climbing more than 5% following a stronger-than-expected revenue forecast. The company announced sales will be about $65 billion in the January quarter and that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.

- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Nvidia (NVDA)'s shares shares fizzled on Thursday after investors shrugged off a stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. After initially climbing more than 5%, the stock fell as much as 2.8% to $181.25 in New York. The broader market also declined, weighed down by AI fears and concerns over whether the Federal Reserve will cut rates in December.

- Walmart (WMT) raised its full-year sales and profit outlook, a sign the world’s biggest retailer is winning over price-sensitive shoppers while absorbing rising costs. The company now sees net sales rising 4.8% to 5.1%, higher than its previous projection in August. It marks a second increase in forecast during the fiscal year. 

- Oracle (ORCL) the once stodgy database giant that’s borrowed tens of billions and tethered its fortunes to the artificial intelligence boom, is quickly emerging as the credit market’s barometer for AI risk. Traders have piled into the company’s credit-default swaps in recent months as Oracle’s massive AI-related spending spree, its central role in a web of interrelated deals, and its weaker credit grades compared with players such as Microsoft Corp. or Alphabet Inc. have made the contracts the market’s preferred way to hedge — and bet against — the AI boom. Shares of Oracle fell in trading amid a broader selloff. 

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On this episode of Stock Movers:
- Nvidia (NVDA) shares rise after the company delivered a strong revenue forecast, expecting sales of about $65 billion in the January quarter, and pushed back on the idea that the AI industry is in a bubble.
- Walmart (WMT) shares gain after the company raised its full-year sales and profit outlook, citing its ability to win over price-sensitive shoppers while absorbing rising costs. The company's net sales are now expected to rise 4.8% to 5.1%, driven by strong e-commerce performance and a wide assortment of products, including luxury items like pre-owned Chanel bags.
- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) shares rise after the company delivered a strong revenue forecast, expecting sales of about $65 billion in the January quarter, and pushed back on the idea that the AI industry is in a bubble.
- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.
- Verizon (VZ) shares drop after the company announced wide-ranging layoffs Thursday morning that will shrink the company by as much as 20% of its non-union workforce, a major step in a turnaround plan led by new Chief Executive Officer Dan Schulman.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) rallied in the premarket session after the company delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector. The world’s most valuable company expects sales of about $65 billion in the January quarter — roughly $3 billion more than analysts predicted. Nvidia also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated. The outlook signals that demand remains robust for Nvidia’s artificial intelligence accelerators, the pricey and powerful chips used to develop AI models. Nvidia had faced growing fears in recent weeks that the runaway spending on such equipment wasn’t sustainable.
- Shares of Walmart (WMT) rallied in early trading after the company increased its outlook for sales in the full year, a sign the world’s biggest retailer is winning over price-sensitive shoppers while digesting costs it expects to rise in the coming months. The company now sees net sales rising 4.8% to 5.1%, higher than its previous projection in August. It marks a second increase in forecast during the fiscal year. The results are likely to alleviate some concerns that consumers are pulling back amid a cooling job market, corporate layoffs and rising prices. Rival big-box chains have warned that consumers remain cautious, increasing attention on the world’s largest retailer as it prepares to enter its next chapter under a new chief executive officer next year.
- Shares of Bath & Body Works (BBWI) plummeted ahead of the US market open after the company cut its full-year outlook and announced a turnaround plan to refocus the home products retailer on its core business. The company’s previous strategy was aligned to drive incremental growth but led to weakness of the brand, as it expended beyond its core business, Chief Executive Officer Daniel Heaf told Bloomberg. That prompted a raft of promotions which eroded returns for the company. A new transformation plan — named the Consumer First Formula — is projecting $250 million in cost savings over the next two years, according to a Thursday statement.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) rallied in the premarket session after the company delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector. The world’s most valuable company expects sales of about $65 billion in the January quarter — roughly $3 billion more than analysts predicted. Nvidia also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated. The outlook signals that demand remains robust for Nvidia’s artificial intelligence accelerators, the pricey and powerful chips used to develop AI models. Nvidia had faced growing fears in recent weeks that the runaway spending on such equipment wasn’t sustainable.
- Shares of rival chipmakers Advanced Micro Devices (AMD), Broadcom (AVGO), and Intel (INTC) all received an Nvidia-fueled boost in early trading. Nvidia's suppliers jumped in Japan, South Korea and Taiwan, lifting benchmarks there. Nvidia’s better-than-expected earnings and outlook, coupled with the momentum that Korean semiconductor exports displayed earlier this month, prime tech shares to extend their immediate rebound because investors are likely to get drawn back in.
- Cloud computing providers Coreweave (CRWV) and Oracle (ORCL) also found themselves as beneficiaries of Nvidia's earnings beat. Thursday's earnings reassured investors on artificial intelligence demand, even as questions linger over the rebound’s durability, stretched valuations and the Federal Reserve’s policy path.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- BNP Paribas announced a new buyback and plans to reach a target for capital strength early as Chief Executive Officer Jean-Laurent Bonnafe seeks to reverse a recent slide in the stock price.Shares rallied as much as 6.6%, as the measures reassured investors following a series of setbacks.
- Games Workshop shares rise as much as 11%, hitting a record high, after the maker of the Warhammer tabletop game released a 1H trading update that Jefferies described as “outstanding.” Peel Hunt upgraded the stock to buy, citing the company’s “strong performance.”
- JD Sports shares drop as much as 2.4% this morning after the apparel retailer warned annual profit before tax and adjusting items will be at the lower end of market expectations. Shares have already pared losses, with analysts noting the stock is trading at a low multiple.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- BNP Paribas announced a new buyback and plans to reach a target for capital strength early as Chief Executive Officer Jean-Laurent Bonnafe seeks to reverse a recent slide in the stock price.Shares rallied as much as 6.6%, as the measures reassured investors following a series of setbacks.
- ASML shares gained as Nvidia’s upbeat forecast soothed fears of an AI spending bubble
- JD Sports shares drop as much as 2.4% this morning after the apparel retailer warned annual profit before tax and adjusting items will be at the lower end of market expectations. Shares have already pared losses, with analysts noting the stock is trading at a low multiple

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

•  Nvidia (NVDA), the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that a global surge in AI spending is poised to fizzle. Sales will be about $65 billion in the fiscal fourth quarter, which runs through January, the chipmaker said in a statement Wednesday. Analysts had estimated $62 billion on average, with some predictions ranging as high as $75 billion. Nvidia shares gained about 5% in late trading after the report was released. They had been up 39% this year through the close.
•  Block (XYZ) shares rose about 7% after the payments firm, led by Jack Dorsey, said it expects profit growth to accelerate over the next three years while launching products at a faster clip and doubling down on efforts to integrate its consumer-focused Cash App and merchant payment service Square.
• Alphabet (GOOG) shares soared the most in two months on Wednesday as a wave of glowing reviews for the newly released version of its Gemini artificial intelligence model spurred investor confidence about the company’s position in the ever-changing tech landscape.

See omnystudio.com/listener for privacy information.