Stock Movers

On this episode of Stock Movers:

- CoreWeave (CRWV) reported narrower profit margins in the third quarter as the cloud computing company races to expand its infrastructure and serve more customers.The operating income margin was 4% in the period, the company said in a statement Monday. That missed an average analyst estimate of 6.5% and was lower than the year-earlier period. The tighter margins were a weak spot in an otherwise upbeat report. Revenue rose to $1.36 billion in the quarter, topping the $1.29 billion estimate. CoreWeave reported a loss of 22 cents a share, compared with the 57 cents that Wall Street projected. The shares fell about 3% in late trading after the report was published, reversing an earlier rise. The stock had more than doubled this year through the close.

- Paramount Skydance (PSKY) reporting financial results for the first time since a new investor group took over the media company in August, raised its target for job cuts and cost-saving measures. The company, which has been trying to buy rival Warner Bros. Discovery Inc., said in a letter to shareholders it plans an additional 1,600 job cuts as part of a goal to achieve at least $3 billion in cost savings. The shares rose as much as 10% in extended trading before giving up about half that gain.

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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:

- Palantir (PLTR) closed 8.81% higher. It was the best day for Palantir since April 9. Surf Air Mobility entered into a $100 million transaction combining new equity and convertible debt to fund development of its SurfOS software and refinance existing liabilities. This includes $6 million of new common equity to be issued to Palantir Technologies as prepayment for software and services.

- Centene (CNC) was down by 8.8% at the close. Shares of other US health-care insurers and hospitals are falling as lawmakers draw closer to ending the government shutdown without securing an extension of Affordable Care Act subsidies.

- American Airlines (AAL) closed lower after the company said weekend operations were challenging amid the government shutdown, canceling 1,400 flights and it saw over 57,000 delay minutes, according to an emailed statement by COO David Seymour. 

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On this episode of Stock Movers:

- Nvidia (NVDA) rallied along with other US stocks as investors expressed optimism that lawmakers were nearing a deal to end the government shutdown. The tech-heavy Nasdaq 100 Index rose 2.0% as hopes of an agreement helped advance several sectors.

- Eli Lilly (LLY) shares gained as much as 6.2% to hit a record high, after Leerink Partners upgraded the pharmaceutical company to outperform from market perform. Eli Lilly also said it entered an AI-powered research and licensing pact.

- Centene (CNC), Molina (MOH), and shares of other US health-care insurers and hospitals are falling as lawmakers draw closer to ending the government shutdown without securing an extension of Affordable Care Act subsidies.

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On this episode of Stock Movers:
- Tyson Foods (TSN) shares gain after the company said it expects results for next year to be little changed as its beef segment continues to lose money. The company sees adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026, with the beef segment expected to see an adjusted operating loss of $400 million to $600 million next year.
- Elf Beauty (ELF) shares sink after after the cosmetics company’s full-year outlooks for adjusted earnings per share and net sales both missed analysts’ estimates. While analysts are positive about sales growth at newly-acquired Rhode, Hailey Bieber’s beauty and skincare brand, they flag weakness in the company’s namesake products.
- Monday.com (MNDY) shares fall after the software company narrowed its full-year revenue forecast. It also reported its third-quarter results.

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On this episode of Stock Movers:
- Monday.com (MNDY) shares fall after the software company narrowed its full-year revenue forecast. It also reported its third-quarter results.
- United Airlines (UAL) shares drop as US airlines canceled at least 1,432 flights as of 7:15 a.m. Eastern time Monday, and the number is “growing,” according to aviation analytics company Cirium.
- Treehouse (THS) shares rise after European buyout firm Investindustrial agreed to buy TreeHouse Foods Inc., the private-label food manufacturer, for $2.9 billion including debt.

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On this episode of Stock Movers:
- Metsera (MTSR) shares tank in premarket trading after Novo Nordisk A/S declined to further raise its offer for the US maker of an experimental weight-loss drug, bringing a bidding war with Pfizer Inc. to an end. Novo, the maker of Wegovy and Ozempic, decided to drop out of the running for Metsera on Saturday after Pfizer matched its latest offer in a takeover battle that had caused concern the bidders might be overpaying for an unproven asset. Adding to Novo’s obstacles, Metsera said it got a call from the US Federal Trade Commission flagging potential regulatory risks with the proposed Novo deal structure.
- Instacart (CART) shares soared ahead of the US market open after the online grocery company reported third-quarter results that beat expectations, indicating that demand for its core grocery delivery service has been holding strong. Orders grew 14% to 83.4 million in the July-to-September period, the company said in a shareholder letter on Monday. Wall Street was expecting 82.9 million, according to Bloomberg-compiled estimates. Total revenue, which also includes sales from advertising and enterprise software for grocers, was $939 million, again beating expectations.
- Tyson Foods (TSN) rallied in early trading despite the company saying it expects results for next year to be little changed as its beef segment continues to lose money, even as the Trump administration points to the meatpacking industry for driving up prices. The US’s biggest meatpacker sees adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026, compared to $2.29 billion this year. That’s as the beef segment is expected to see an adjusted operating loss of $400 million to $600 million next year, compared to $426 million this year.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are moving higher in the premarket session with the company paring some of its losses from last week. S&P 500 futures rose 1% after a group of Senate Democrats broke with their party on a procedural measure to help Republicans advance a funding bill. Nasdaq 100 contracts gained 1.5% after the underlying index suffered its worst week since April. Nvidia Corp. led gains among the Magnificent Seven tech stocks in premarket trading, rising more than 3%.
- Shares of Pfizer (PFE) edge higher in early trading, despite concerns as the US government shutdown approaches a resolution with no deal regarding healthcare subsidies. Meantime, Novo Nordisk's (NOVO) weekend decision to exit the bidding war for Metsera (MTSR) clears the way for Pfizer's amended offer of $86.25 per share -- or a total of up to $10 billion, which now requires formal Metsera shareholder approval at a November 13th meeting. The implied 10.1x EV-to-2030 consensus sales multiple is at the top end of recent Pharma-Biotech deals and highlights the continued significant interest of large-cap Pharma in clinical-stage obesity assets.
- Shares of YouTube competitor Rumble (RUM) soared ahead of the US market open, after the conservative video service agreed to push ahead with a deal for German data center operator Northern Data AG at a reduced price, after news of a tax probe jeopardized the transaction. Northern Data owners will receive 2.0281 Rumble Class A shares per share they tender, it said in a statement Monday. That’s equivalent to about $11.95 per share, or €10.32, using Rumble’s Friday closing price. Bloomberg News reported Sunday that the companies, which are both backed by stablecoin issuer Tether Holdings Ltd., were nearing a deal.

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On this episode of Stock Movers:
- Diageo named Dave Lewis, the former head of supermarket chain Tesco, as its new CEO as the maker of Guinness stout and Johnnie Walker seeks to reboot after a period of turmoil.
- JTC, the London-listed provider of fund solutions and corporate services, agreed an offer from Private equity firm Permira to acquire it for £2.3 billion ($3 billion).
- TSMC's October sales growth of 16.9% from a year earlier, released today, could be strong enough to boost ASML's lithography tool demand.

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On this episode of Stock Movers:
- Diageo named Dave Lewis, the former head of supermarket chain Tesco, as its new CEO as the maker of Guinness stout and Johnnie Walker seeks to reboot after a period of turmoil.
- Novo Nordisk shares rose after the Danish drug-maker withdrew from a $10 billion takeover battle for obesity drug developer Metsera, clearing the way for Pfizer.
- Siemens Energy shares continue to look undervalued, despite more than doubling since the start of the year, Jefferies writes in note as upgrades to buy from hold.

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- Tesla (TSLA) shares fell as much as 10% during trading on Friday after the EV maker's shareholders approved a massive pay package for Elon Musk. Elon Musk responded in kind to Tesla Inc. investors approving his $1 trillion compensation package, making a series of extravagant predictions about what the company will be capable of in the years to come. Tesla’s humanoid robot will progress from simple tasks, like handing out bags of candy, to performing surgery with “beyond human” levels of precision, the chief executive officer said Thursday.
- Expedia (EXPE) raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Analysts expected a 4.6% rise, according to Bloomberg-compiled estimates. It also sees gross bookings growing 7%, again ahead of estimates and Expedia’s previous guidance. Shares of Expedia rose as much as 18% in extended trading. The stock has been up 18% so far this year through Thursday’s close.
- Sweetgreen (SG) declared that its ripple fries would “redefine fast food.” Made with hand-cut potatoes, salt, potato starch and parsley, they were air-fried in avocado oil and sold as “Fries You Can Feel Good About.” They lasted five months before disappearing from the menu. The fries were too complicated to make, and customers weren’t keen on adding them to their lunch bowls for $4.95 anyway. After all, they were already paying more than if they’d gone elsewhere. The ripple fries debacle earlier this year is just one of many operational missteps that have now pushed Sweetgreen Inc.’s stock to its lowest depths ever. The shares fell as much as 17% on Friday, after having dropped 81% this year through Thursday’s close.

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