Stock Movers

On this episode of Stock Movers: 

- Meta (META) shares slid after the Facebook parent reported third-quarter results and gave an outlook. Analysts have increasing concern over the company’s heavy spending, with at least two downgrading the stock.

- Chipotle (CMG) shares plummeted after the fast-casual chain cut its outlook for a third time this year as diners pulled back from eating out, a fresh warning sign for consumer spending. The burrito chain now sees sales for the full year slipping in the low-single digit range from a year earlier. It earlier projected that performance would be flat.

- Comcast (CMCSA) shares fell after the cable and media company reported its 10th straight quarter of losses in broadband customers and said it doesn’t expect the trend to turn around in the near future. Philadelphia-based Comcast shed 104,000 net broadband subscribers in the third quarter, though that was fewer than the loss of 140,000 predicted by analysts. In the connectivity unit that includes broadband, Comcast’s biggest by far, revenue fell 1.4% and adjusted earnings before interest, taxes, depreciation and amortization declined 3.7%.

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On this episode of Stock Movers:
- Eli Lilly (LLY) raised its full-year guidance as revenue from its weight loss and diabetes drugs beat expectations in the third quarter. The company's diabetes drug Mounjaro and obesity treatment Zepbound outpaced expectations by a combined nearly $1.3 billion, with the vast majority of the beat coming from the diabetes drug. Lilly now expects full-year sales of $63 billion to $63.5 billion and adjusted earnings per share of $23 to $23.70, after sales in the third quarter were $17.6 billion, exceeding the average Wall Street estimate.
- Chipotle (CMG) shares plummeted after the fast-casual chain cut its outlook for a third time this year as diners pulled back from eating out, a fresh warning sign for consumer spending. The burrito chain now sees sales for the full year slipping in the low-single digit range from a year earlier. It earlier projected that performance would be flat. In the third quarter, comparable-store sales rose slightly, but fell short of Wall Street’s expectations.
- Meta Platforms (META) aims to sell at least $25 billion of investment-grade bonds on Thursday, according to people familiar with the matter. The company is looking to issue notes in as many as six parts, ranging from five to 40 years in length, with proceeds set to go toward general corporate purposes. Meta is infusing artificial intelligence services into its key products and needs to invest billions of dollars in data centers and other key infrastructure to fuel those offerings.

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On this episode of Stock Movers:
- Eli Lilly (LLY) raised its full-year guidance as revenue from its weight loss and diabetes drugs beat expectations in the third quarter. The company's diabetes drug Mounjaro and obesity treatment Zepbound outpaced expectations by a combined nearly $1.3 billion, with the vast majority of the beat coming from the diabetes drug. Lilly now expects full-year sales of $63 billion to $63.5 billion and adjusted earnings per share of $23 to $23.70, after sales in the third quarter were $17.6 billion, exceeding the average Wall Street estimate.
- Comcast (CMCSA) lost 104,000 net broadband subscribers in the third quarter, fewer than the loss of 140,000 predicted by analysts. The company reported a net loss of 257,000 video subscribers, beating expectations for 321,000 customer departures. Third-quarter revenue fell 2.7% to $31.2 billion, beating estimates of $30.7 billion.
- Meta Platforms (META) aims to sell at least $25 billion of investment-grade bonds on Thursday, according to people familiar with the matter. The company is looking to issue notes in as many as six parts, ranging from five to 40 years in length, with proceeds set to go toward general corporate purposes. Meta is infusing artificial intelligence services into its key products and needs to invest billions of dollars in data centers and other key infrastructure to fuel those offerings.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Alphabet (GOOG) shares are higher after reporting earnings yesterday. The Google parent reported third-quarter results that beat expectations. Analysts are especially positive on its cloud-computing business.
- Chipotle (CMG) is diving in the premarket as it cut its full-year outlook for a third time this year as diners pulled back from eating out at the fast-casual chain. The company now sees sales for the full year slipping in the low-single digit range from a year earlier, and Chief Executive Officer Scott Boatwright said “The consumer slowdown is really affecting our business in a meaningful way."
- Metsera (MTSR) shares are moving on news it received an unsolicited proposal from Novo Nordisk to acquire Metsera, valuing the company at up to $77.75 per share, a total of approximately $9 billion, deeming the proposal as “superior.”

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On this episode of Stock Movers:

- Alphabet (GOOG) shares are higher after reporting earnings yesterday. The Google parent reported third-quarter results that beat expectations. Analysts are especially positive on its cloud-computing business.

- Meta (META) shares are sliding after its earnings. The Facebook parent reported third-quarter results and gave an outlook. Analysts noted some concern over the company’s heavy spending.

- Microsoft (MSFT) shares are lower this morning also following earnings yesterday. Analysts are broadly positive on the report, especially growth in its Azure cloud-computing business, but said investor expectations were elevated. Microsoft along with fellow Magnificent 7 peers Alphabet and Meta racked up some $78 billion in capital expenditures last quarter — an 89% increase from a year earlier

- Chipotle (CMG) is diving in the premarket as it cut its full-year outlook for a third time this year as diners pulled back from eating out at the fast-casual chain. The company now sees sales for the full year slipping in the low-single digit range from a year earlier, and Chief Executive Officer Scott Boatwright said “The consumer slowdown is really affecting our business in a meaningful way."

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On this episode of Stock Movers:
- Shell posted 3Q profit that beat analyst estimates, helped by a rebound in performance by its oil and gas traders even as weaker energy prices weighed on earnings.
- WPP shares hit their lowest level since 2008 after it cut its revenue growth guidance for the year. New CEO Cindy Rose said the company needs to simplify its offer to clients.
- Volkswagen shares rose after free cash flow and margin came in strong. The carmaker warned about shortages of Nexperia chips, but said it secured enough components for the coming week to keep its German plants running.

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On this episode of Stock Movers, we take a look at some of the days's biggest gainers and decliners:

• Meta (META) shares dropped in the aftermarket as the company said it expects total expenses to significantly increase in 2026, and will continue to invest at historic levels in artificial intelligence. The company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementation of the tax bill signed into law in July, Meta said in the statement.
• Microsoft (MSFT) shares slipped in extended trading after the company reported a steeper climb in spending than Wall Street expected, fueling anxieties about the high costs of providing AI infrastructure.
• Alphabet (GOOGL) shares rose after the large cap reported quarterly sales that beat analysts’ estimates, buoyed by the performance of its cloud unit, which is surging as artificial intelligence startups seek Google’s support and computing power.
• Shares rose as much as 7.5% in extended trading.

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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:

- Alphabet (GOOGL) rose as much as 7.5% in extended trading. The company reported quarterly sales that beat analysts’ estimates, buoyed by the performance of its cloud unit, which is growing as artificial intelligence startups seek Google’s support and computing power.

- Microsoft (MSFT) posted earnings, and shares fell about 3% in extended trading after closing at $541.55 in New York. Microsoft reported expansion in its Azure cloud computing unit that failed to impress investors who have grown optimistic about the business.

- Meta (META) reported third-quarter sales of $51.2 billion, which beat analysts’ average estimate of $49.6 billion. Shares fell after the company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementation of the tax bill signed into law in July.

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On this episode of Stock Movers:
- Nvidia (NVDA) achieved a historic $5 trillion market capitalization as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new heights. The company's shares rallied as much as 5.2% to $211.47, propelling Nvidia over the milestone, with Wall Street analysts overwhelmingly bullish on the firm's future prospects.
- Fiserv (FI) shares of payments-related companies slid Wednesday, tracking Fiserv lower after it reported earnings that fell well below expectations and slashed its outlook. Fiserv shares plunged by a record 47%.
- Verizon (VZ) reported gains in revenue and profit in the third quarter as new chief executive officer Dan Schulman laid out an aggressive growth strategy. Verizon shares rose 3.4% in premarket trading after the company reported operating revenue of $33.8 billion and earnings of $1.21 a share, excluding some costs. The company reported a drop of 7,000 consumer mobile phone customers, but added 306,000 broadband customers in the third quarter, with a new partnership to expand its broadband footprint beyond its Fios network.

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On this episode of Stock Movers:

- Nvidia (NVDA) achieved a historic $5 trillion market capitalization as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new heights. The company's shares rallied as much as 5.2% to $211.47, propelling Nvidia over the milestone, with Wall Street analysts overwhelmingly bullish on the firm's future prospects.

- Fiserv (FI) shares of payments-related companies slid Wednesday, tracking Fiserv lower after it reported earnings that fell well below expectations and slashed its outlook. Fiserv shares plunged by a record 47%. 

- Catepillar (CAT) shares jumped after the company posted stronger-than-expected earnings and revenue due to surging demand from AI data centers for its power-generation equipment. The company's energy and transportation division posted a 17% jump in revenue from the year-earlier period, outpacing sales growth in its traditional divisions.

See omnystudio.com/listener for privacy information.