Stock Movers

On this episode of Stock Movers:
- LVMH shares continue to surge after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing.
- PageGroup - the FTSE-250 listed recruitment company - posted a milder drop in gross profit in the third quarter compared to what was seen in the first half.
- RENK Group slid after Citi analyst Charles Armitage cut the recommendation on the company to sell from neutral.

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On this episode of Stock Movers:
- LVMH shares surged after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing.
- Dutch chip equipment maker ASML has reported orders of 5.4 billion euros for the third quarter, which is half a billion more than analysts had forecast.
- Stellantis plans 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.

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On this episode of Stock Movers:

- Wells Fargo (WF) shares soared after the firm laid out its first major update of a mid-term profitability target since regulators lifted an asset cap for the bank.The stock climbed to close 7.1% higher Tuesday, its biggest daily gain since last Nov. 6, when Donald Trump’s election win boosted financial stocks with expectations the president would ease regulation and juice the economy with his agenda.

- Walmart (WMT) is teaming up with OpenAI to enable shoppers to browse and purchase its products on ChatGPT, the retailer’s latest push to incorporate artificial intelligence. Users will be able to shop Walmart’s assortment directly on ChatGPT by clicking a “buy” button, Daniel Danker, Walmart’s executive vice president of AI, product and design, said in an interview. The catalog includes apparel, entertainment, packaged food and other products from Walmart and its Sam’s Club chain. Shares rose 5% on Tuesday, closing at a record high. 

- Atai Life Sciences (ATAI) shares rose 11% in trading today along with stocks in several psychedelic medicine companies after a Republican state senator in North Carolina said at an event that his state could "lead the nation" in expanding military veterans' access to mental health drugs. “We have the people that are here and the retirees that are here that—if we can figure out how to establish it—we can lead the nation in this concept” said GOP State Senator Bob Brinson. “It’s a matter of figuring out how.”

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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, Isabelle Lee and Carol Massar.

On this episode of Stock Movers:

- Wells Fargo (WFC) closed higher, soaring in their biggest gain since Trump's election win. The bank raised a key profitability metric, aiming to achieve return on tangible common equity of 17% to 18% in the medium term. The lender reported net interest income of $11.95 billion in the third quarter, slightly missing analysts' estimates of $12.01 billion.

- Walmart (WMT) shares rose on news that the retailer is teaming up with OpenAI to enable shoppers to browse and purchase its products on ChatGPT. Users will be able to shop Walmart's assortment directly on ChatGPT by clicking a "buy" button, with the catalog including apparel, entertainment, packaged food and other products.

- Fannie Mae (FNMA) and Freddie Mac (FMCC) had four straight days of losses. Bloomberg Intelligence analyst Ben Elliott says Fannie and Freddie investors are finally starting to see dilution risks. He notes a recent social media post by Federal Housing Finance Agency (FHFA) Director Bill Pulte urging investors to fully grasp the risks the companies outline in their 10-K filings — including that ending the conservatorships could significantly dilute or even wipe out the value of common and junior preferred stock.

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On this episode of Stock Movers:

- General Motors (GM) shares are up after news that the automaker is incurring $1.6 billion in charges tied to its pullback from electric vehicles due to US policy changes.

- Domino’s Pizza (DPZ) shares rise after the company posted better-than-expected quarterly results, fueled by demand for promotions and stuffed crust pizza. Domino’s stronger results reflect growing customer demand driven by its recent promotions, stuffed crust offering, and steady delivery momentum. 

- Polaris (PII) after the recreational vehicle maker said it would separate Indian Motorcycle from its portfolio and sell a majority stake to Carolwood LP. Polaris also gave preliminary results for its third quarter that included a surprise adjusted EPS projection.

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On this episode of Stock Movers:

- JPMorgan (JPM) is after reporting earnings. The big bank boosted its net interest income forecast for the full year and beat most estimates, but it is lower after showing slightly higher provision for credit losses than the market was expecting at $3.4 billion, compared to a consensus estimate of $3.08 billion.

- Wells Fargo (WFC) shares are higher after it raised a key profitability metric, aiming to achieve return on tangible common equity of 17% to 18% in the medium term. The lender reported net interest income of $11.95 billion in the third quarter, slightly missing analysts' estimates of $12.01 billion.

- Goldman Sachs (GS) shares are higher after it posted record third-quarter revenues as a resurgence in dealmaking pushed its investment banking haul past expectations. Global deal values topped $1 trillion in a third quarter for only the second time on record, helped by a slew of headline-grabbing transactions.

- Citi (C) jumped after it reported FICC sales & trading revenue for the third quarter that beat the average analyst estimate. 3Q Equities Sales & Trading Revenue came in at $1.54B, beating $1.33B estimates.

- Domino's (DPZ) share are rising after the company posted better-than-expected quarterly results, fueled by demand for promotions and stuffed crust pizza. The company’s stronger results reflect growing customer demand driven by its recent promotions, stuffed crust offering, and steady delivery momentum, including its “best-deal-ever” campaign and partnership with DoorDash.
Eric Mollo

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On this episode of Stock Movers:
- JPMorgan (JPM) is after reporting earnings. The big bank boosted its net interest income forecast for the full year and beat most estimates, but it is lower after showing slightly higher provision for credit losses than the market was expecting at $3.4 billion, compared to a consensus estimate of $3.08 billion.
- Wells Fargo (WFC) shares are higher after it raised a key profitability metric, aiming to achieve return on tangible common equity of 17% to 18% in the medium term. The lender reported net interest income of $11.95 billion in the third quarter, slightly missing analysts' estimates of $12.01 billion.
- General Motors (GM) shares are lower after it filed an 8-K showing it will incur a $1.6 billion charge related to shifting electric-vehicle production plans, underscoring the toll on US carmakers from uneven demand and flagging federal support for plug-in vehicles. The charges include a non-cash impairment and other charges of $1.2 billion as a result of adjustments to EV capacity, GM said Tuesday in a regulatory filing.
- Domino's (DPZ) share are rising after the company posted better-than-expected quarterly results, fueled by demand for promotions and stuffed crust pizza. The company’s stronger results reflect growing customer demand driven by its recent promotions, stuffed crust offering, and steady delivery momentum, including its “best-deal-ever” campaign and partnership with DoorDash.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Fevertree Drinks jumps as much as 5.7% after being upgraded at Jefferies, with analysts pointing to a “more refreshing growth story” as they predict better margins and higher cash returns going forward.
- Bellway shares rise as much as 6.2%, the most in four months, as the housebuilder leaves guidance broadly unchanged and unveils a £150m share buyback program.
-Ericsson shares jump as much as 11%, the most since April, after the Swedish telecommunications group beat estimates.

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On this episode of Stock Movers:
- Ericsson shares jump as much as 11%, the most since April, after the Swedish telecommunications group beat estimates.n
_ EasyJet shares jump as much as 11%, the most since January 2023, after a report that Mediterranean Shipping Company is considering making an offer for the budget airline, in partnership with an investment firm.
- Michelin shares fell after the tiremaker lowered its financial guidance for the year following a bigger-than-expected sales slump in North America.

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On this episode of Stock Movers:

- Papa John's (PZZA) shares rose as much as 23%, the most intraday since March 2020, after StreetInsider reported that the pizza restaurant operator received a $64 per share bid from Apollo Global Management.

- Las Vegas Sands (LVS) along with Melco and Wynn Resorts all were trading lower as the latest Macau casino industry data painted a gloomy picture.

- Broadcom (AVGO) shares lurched higher after OpenAI agreed to buy the company’s custom chips and networking equipment in a multiyear deal, part of an ambitious plan by the startup to add artificial intelligence infrastructure. As part of the pact, OpenAI will design the hardware and work with Broadcom to develop it, according to a joint statement on Monday. The plan is to add 10 gigawatts’ worth of AI data center capacity, with the companies beginning to deploy racks of servers containing the gear in the second half of 2026.

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