Stock Movers

On this episode of Stock Movers:
- NatWest raised its guidance for the year after beating estimates in the 3Q, delivering its highest earnings in at least a decade.
- GSK shares dropped as approval of the British pharma company’s blood cancer drug for a later-than-expected treatment line raised concerns about the medicine’s sales potential.
- Accor shares rose after 3Q earnings in which the hotelier raised its guidance on the back of improved cost discipline. It also announced a new €100 million buyback in 4Q.

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On this episode of Stock Movers:
- NatWest raised its guidance for the year after beating estimates in the 3Q, delivering its highest earnings in at least a decade.
- Sanofi’s profit rose more than analysts expected last quarter, lifted by demand for its blockbuster skin and asthma drug Dupixent.
- Saab boosted its organic revenue forecast for the full year, benefiting from the uncertainty of the geopolitical landscape, adding it's received a record high order backlog.

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On this episode of Stock Movers:

- Super Micro Computer (SMCI) which emerged as a favorite stock among artificial intelligence-obsessed investors last year, unexpectedly issued first-quarter guidance on Thursday that fell far short of Wall Street’s expectations. The server maker is now expecting to report roughly $5 billion in revenue for the first quarter ended Sept. 30, the San Jose, California-based company said, citing order “upgrades” that pushed some sales into the second quarter. Analysts had projected about $6.5 billion. The company’s shares slid as much as 7.6% in New York.

- Tesla (TSLA)'s profit plunged despite a record quarter of vehicle sales, reflecting ongoing strains on the automotive business that Chief Executive Officer Elon Musk is shifting focus away from. Musk spent much of Tesla’s third-quarter earnings call discussing ambitious but opaque initiatives, including humanoid robot and artificial intelligence programs, and also pleaded with investors to back his trillion-dollar compensation package. But he offered few details about how Tesla will revive its core business selling electric vehicles after a 40% drop in operating profit. Tesla shares dropped 3.9% at the start of premarket trading Thursday in New York. The stock is up almost 9% for the year, trailing the S&P 500 Index.

- Intel (INTC) shares surged after the chipmaker returned to profitability and gave an upbeat revenue forecast, suggesting that it’s making progress on a long and challenging comeback attempt. Fourth-quarter sales will be roughly $13.3 billion, the company said in a statement Thursday. Though that was just below Wall Street’s average estimate, some analysts were still including revenue from a unit that Intel just spun off — money that wasn’t part of the company’s forecast.

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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, Caroline Hyde, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Intel (INTC) is rising in afterhours trading after reporting 4Q results. The company gave an upbeat revenue forecast after personal computer demand grew, boosting optimism about a comeback attempt by the embattled chipmaker. The company's fourth-quarter sales will be $12.8 billion to $13.8 billion, with the midpoint of that range being $13.3 billion, just below Wall Street’s $13.4 billion average estimate.

- Ford (F) shares are lower afterhours. The automaker is seeing a $1.5B to $2B Ebit hit from the Novelis factory fire. Ford plans to dial up production of its top-selling F-Series trucks next year. The Dearborn, Michigan-based company will create 1,000 jobs at factories in Michigan and Kentucky to help boost truck production by 50,000 units next year, the automaker said in a statement Thursday.

- Deckers Outdoor (DECK) shares are down 8.1% after reporting net sales for the second quarter that beat the average analyst estimate.

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On this episode of Stock Movers:

- American Airlines (AAL) is rising after reporting a smaller-than-expected loss in the third quarter, with an adjusted loss of 17 cents a share. The airline now sees a profit for the full year, compared with a loss previously predicted, and predicted a return to profitability in the last quarter of the year.

- Beyond Meat (BYND) careened to record lows last week, then embarked on a four-day rally, surging more than 1,300% before heading back to earth and slumping 17% in Thursday trading. The resurrection of Beyond Meat's meme status lifted the producer of meatless burger patties from record lows and incited a frenzy of retail trading activity.

- T-Mobile (TMUS) declined, despite reporting 1 million new mobile phone subscribers in the third quarter and raising its outlook for the year. The increase surpassed the 852,000 customer additions that analysts had expected and marked the company’s highest third-quarter result for the category in more than a decade, according to a statement Thursday.

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- Super Micro Computer (SMCI) shares fall after the company unexpectedly issued first-quarter guidance on Thursday that fell far short of Wall Street’s expectations.
- Tesla (TSLA) shares fell after the electric-car maker reported earnings for the third quarter that missed the average analyst estimate and costs undercut a record quarter of vehicle sales. Elon Musk used the earnings to discuss AI initiatives and his trillion-dollar compensation package.
- Amazon (AMZN) shares rise after the company announced it is rolling out a new AI-powered tool called 'Help Me Decide' that recommends a specific product when shoppers are feeling overwhelmed with options.

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On this episode of Stock Movers:
- Tesla (TSLA) shares fell after the electric-car maker reported earnings for the third quarter that missed the average analyst estimate and costs undercut a record quarter of vehicle sales. Elon Musk used the earnings to discuss AI initiatives and his trillion-dollar compensation package.
- Lending Club (LC) shares soar after the online lender posted third-quarter results that beat estimates and provided a guidance range for new 4Q originations with a midpoint above estimates. JPMorgan upgraded the stock to overweight.
- Dow (DOW) shares rise after improved volumes in the industrial unit helped reduce its loss from the previous quarter more than analysts expected.

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On this episode of Stock Movers:
- Tesla (TSLA) shares fall in premarket trading after the EV maker saw profit plunge despite a record quarter of vehicle sales, reflecting ongoing strains on the automotive business that Chief Executive Officer Elon Musk is shifting focus away from. Adjusted earnings dropped to 50 cents a share in the third quarter, down 31% from a year ago, the company said Wednesday. Analysts had expected 54 cents on average in estimates compiled by Bloomberg.
- Shares of T-Mobile (TMUS) fluctuated ahead of the New York open after the telecommunications giant reported 1 million new mobile phone subscribers in the third quarter and raised its outlook for the year, buoyed by its recent acquisition of smaller competitor US Cellular. The increase surpassed the 852,000 customer additions that analysts had expected and marked the company’s highest third-quarter result for the category in more than a decade, according to a statement Thursday.
- IBM (IBM) shares slid as much as 8 percent in the premarket session after the company reported third-quarter results that featured a disappointing read for its Red Hat hybrid cloud unit. Third-quarter sales in the hybrid cloud unit that includes Red Hat increased 14%, a slowdown from the previous period and below analysts’ average estimate of 16%. Transaction processing software, which handles commercial data largely on mainframes made by IBM, declined 1%.

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On this episode of Stock Movers:
- Tesla (TSLA) shares fall in premarket trading after the EV maker saw profit plunge despite a record quarter of vehicle sales, reflecting ongoing strains on the automotive business that Chief Executive Officer Elon Musk is shifting focus away from.
- Shares of IBM (IBM) slump in premarket trading on Thursday after the company reported third-quarter results that featured a disappointing read for its Red Hat hybrid cloud unit.
- Shares in quantum-computing companies IonQ (IONQ), D-Wave Quantum (QBTS), and and Rigetti Computing (RGTI) rise in early trading after the Wall Street Journal reports that the firms are are in talks to give the Commerce Department equity stakes in exchange for federal funding.

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On this episode of Stock Movers:
- Volvo Car shares surged after the automaker reported better-than-expected profit in the third quarter, benefiting from its 18 billion-kronor ($1.9 billion) cost-saving program.
- Dassault Systemes shares dropped by the most since 2002, after the software firm lowered its revenue forecast for the year. The shares are trading at the lowest since April 2020.
- Rentokil had its steepest surge since March 2024, after the pest control group reported stronger-than-expected third-quarter revenue growth, driven mainly by its business in the US.

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