Stock Movers

On this episode of Stock Movers:
- Hewlett Packard Enterprise (HPE) shares fall after the company gave an outlook for profit and cash flow for its upcoming fiscal year that fell short of analysts’ estimates, reflecting a margin crunch in the AI era.
- Salesforce (CRM) shares rise after the software company forecasted that revenue growth will accelerate to double digits in the coming years. Salesforce expects $60 billion in annual revenue by the fiscal year ending in January 2030, excluding any contribution from the planned acquisition of Informatica Inc.
- JB Hunt (JBHT) shares climb after the transportation and logistics company reported third quarter earnings that beat the average analyst estimate helped by better cost control measures.

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On this episode of Stock Movers:
- Taiwan Semiconductor (TSM) is higher after earnings beat analyst estimates, in the latest sign of rising demand for components like Nvidia chips that power AI. It also narrowed its capital expenditure forecast for the full year.
- Hewlett Packard (HPE) shares are lower after the computer hardware and storage company issued a full-year forecast for profit and cash flow that fell short of analysts’ estimates. The company also said it is cutting an unspecified number of jobs as part of its integration with Juniper Networks. HPE is dealing with tighter margins in part due to building servers with expensive AI chips that have made the machines less profitable.
- Salesforce (CRM) is higher on Thursday after the software company forecast that revenue growth will accelerate to double digits in the coming years. Bloomberg Intelligence analyst Anurag Rana says Salesforce’s forecast implies annual growth of 10% and “is encouraging, given the pace dipped to around 8-9% in recent quarters.”
- United Airlines (UAL) is lower as analysts at Bloomberg Intelligence note that the airline’s results show signs of saturation, even for its premium seats. The company forecast adjusted earnings per share for the fourth quarter that beat the average analyst estimate.

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On this episode of Stock Movers:
- Taiwan Semiconductor (TSM) is higher after earnings beat analyst estimates, in the latest sign of rising demand for components like Nvidia chips that power AI. It also narrowed its capital expenditure forecast for the full year.
- United Airlines (UAL) is lower as analysts at Bloomberg Intelligence note that the airline’s results show signs of saturation, even for its premium seats. The company forecast adjusted earnings per share for the fourth quarter that beat the average analyst estimate.
- Hewlett Packard (HPE) shares are lower after the computer hardware and storage company issued a full-year forecast for profit and cash flow that fell short of analysts’ estimates. The company also said it is cutting an unspecified number of jobs as part of its integration with Juniper Networks. HPE is dealing with tighter margins in part due to building servers with expensive AI chips that have made the machines less profitable.
- Salesforce (CRM) is higher on Thursday after the software company forecast that revenue growth will accelerate to double digits in the coming years. Bloomberg Intelligence analyst Anurag Rana says Salesforce’s forecast implies annual growth of 10% and “is encouraging, given the pace dipped to around 8-9% in recent quarters.”

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On this episode of Stock Movers:
- Nestle shares surged after it posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs.
- Kering has been downgraded to sell from hold by an analyst at Berenberg amid concerns over demand-side challenges in the luxury sector.
- Nordea Bank shares rose to a record high after the Helsinki-based lender beat on net interest income and announced a spare of share buybacks.

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On this episode of Stock Movers:

- Investors led by BlackRock (BLK)'s Global Infrastructure Partners agreed to buy Aligned Data Centers in a $40 billion deal, one of the asset manager’s largest infrastructure investments ever that comes as Wall Street races to claim a stake in the artificial-intelligence boom. MGX, an AI investment company established by sovereign wealth fund Mubadala Investment Co., will invest alongside GIP, according to a statement Wednesday that confirmed an earlier Bloomberg News report. The buyers are purchasing the company from Macquarie Asset Management, which made its first investment in Aligned in April 2018. Shares rose as much as 2% intraday before paring gains.

- Stellantis (STLA) vowed to invest $13 billion in the US over the next four years as the maker of Jeep SUVs and Ram trucks seeks to reinvigorate its business in the critical market and mitigate tariff costs. The plan marks the troubled automaker’s most ambitious attempt yet to rebuild its battered business in the US, where it’s lost market share in part due to an aging product lineup. Shares closed higher.

- PNC (PNC)'s more-expensive commercial deposits grew faster in the third quarter, a drag on the net interest margin that pushed the bank further from its year-end goal. That was “a step in the wrong direction” as the Pittsburgh-based company has said it aims to reach a NIM closer to 3% by the end of the year, John McDonald, an analyst at Truist Financial Corp., wrote in a note. Shares of the company sank 4.1% at 10:30 a.m. in New York, the biggest intraday decline in more than six months. That pushed this year’s decline to 5.6%.

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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 Matt Miller, Katie Greifeld, David Gura and Carol Massar.

On this episode of Stock Movers:

- United Airlines (UAL) is rising in the afterhours after after reporting better-than-expected earnings for the third quarter. The company expects brand-loyal flyers and demand for its premium seats to drive profit through the end of the year, maintaining momentum.

- Bank of America (BAC) closed higher after reporting earnings. It reported trading revenue excluding DVA for the third quarter that beat the average analyst estimate. Net interest income also came in $15.23 billion compared to the estimate of $15.03 billion.

- Northrop Grumman (NOC) and Lockheed Martin (LMT) were two of the defense stocks that fell Wednesday after Treasury Secretary Scott Bessent said the US might ask defense companies to do less buybacks. Northrop Grumman is the most in four months on the news.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- BlackRock (BLK) shares rise after investors led by BlackRock Inc.’s Global Infrastructure Partners agreed to buy Aligned Data Centers in a $40 billion deal, one of the asset manager’s largest infrastructure investments ever that comes as Wall Street races to claim a stake in the artificial-intelligence boom.
- Stellantis (STLA) shares gain after the company vowed to invest $13 billion in the US over the next four years as the maker of Jeep SUVs and Ram trucks seeks to reinvigorate its business in the critical market and mitigate tariff costs.
- Morgan Stanley (MS) shares jump after the firm's stock traders soared past expectations in the third quarter, topping all of its largest rivals as US President Donald Trump’s policies kept markets on edge throughout the period. Shares of the company jumped the most in more than six months.

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On this episode of Stock Movers:
- Dollar Tree (DLTR) shares jump after the retailer projected earnings per share to gain at a compound rate of as much as 15% over the next three years. The company said earnings per share is expected to grow by a “high-teens percentage” in fiscal 2026 due to cost benefits.
- Papa John’s (PZZA) international shares jumped on Wednesday as Reuters reported Apollo Global Management submitted a bid within the last week to take the pizza chain operator private at $64 per share.
- Grindr (GRND) shares gain after the company said its largest shareholders are exploring an acquisition that would take the company private at no less than $15 a share, confirming an earlier media report. James Lu and Raymond Zage, who together own more than 60% of the company, have “engaged financial and legal advisers” to explore the possibility of taking the LGBT-focused dating app company private, primarily through debt financing, according to a regulatory filing published Tuesday.

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- Bank of America (BAC) is after reporting earnings. It reported trading revenue excluding DVA for the third quarter that beat the average analyst estimate. Net interest income also came in $15.23 billion compared to the estimate of $15.03 billion
- Morgan Stanley (MS) are rising after stock traders surpassed expectations in the third quarter, topping rivals on the surge in trading activity as US President Donald Trump's policies kept markets on edge throughout the period. Revenue from trading stocks surged to $4.12 billion in the third quarter, according to a statement, and the firm's results also got a boost from better-than-expected investment-banking fees.
- Papa John's (PZZA) is higher as Reuters reports Apollo Global Management submitted a bid within the last week to take the pizza chain operator private at $64 per share.
- Grindr (GRND) shares are higher after it said its largest shareholders are exploring an acquisition that would take the company private at no less than $15 a share. Grindr has established a special committee to assess offers if a firm plan is presented to the company, and is focused on executing its three-year plan.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Bank of America (BAC) is after reporting earnings. It reported trading revenue excluding DVA for the third quarter that beat the average analyst estimate. Net interest income also came in $15.23 billion compared to the estimate of $15.03 billion
- Nvidia (NVDA) shares are up on news that Nscale has agreed to build a site for Microsoft in Texas, with a capacity of as much as 240 megawatts of power. The site will deploy around 104,000 new Nvidia chips, the GB300, and is set to open in the third quarter of 2026.
- Dollar Tree (DLTR) shares are down as sales slowed after the US discount retailer raised prices to offset President Donald Trump’s import tariffs.
- Papa John's (PZZA) is higher as Reuters reports Apollo Global Management submitted a bid within the last week to take the pizza chain operator private at $64 per share.

See omnystudio.com/listener for privacy information.