Stock Movers

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, Bailey Lipschultz and Carol Massar.

On this episode of Stock Movers:

- Broadcom (AVGO) shares jumped almost 10% today 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.

- Warner Brothers (WBD) closed 3.98% higher after it rebuffed Paramount Skydance's initial takeover approach for being too low, according to people familiar with the matter. Paramount has several options in its pursuit of Warner Bros., including boosting its bid, going directly to shareholders or finding additional backing through a financial partner.

- Fastenal (FAST) closed lower, with the biggest drop since 2020. The stock was the worst performer in the S&P today after reporting third quarter earnings per share and operating income that were slightly below expectations.

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On this episode of Stock Movers:

- Broadcom (AVGO) shares jumped 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.

- Keurig Dr Pepper (KDP) jumped on Monday after the Financial Times reported that Starboard Value had built a stake in the beverage company. 

- JPMorgan Chase & Co. (JPM) vowed to funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — an initiative that will invest billions of dollars in companies and hire bankers and other professionals.

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On this episode of Stock Movers:
- Disney (DIS) shares jump after Taylor Swift said she will have new content that will premiere on Disney+ in December, according to a post on X. “The Eras Tour|The Final Show featuring the entire Tortured Poets Department set and the first two episodes of The End of an Era, a 6-episode behind-the-scenes docuseries” will premiere December 12 on Disney+.
- Beyond Meat (BYND) shares plummet after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders. Based on the latest results, the company said it’s expected to issue 316 million new shares. The plan, which was disclosed in September and drove down the shares, aims to reduce leverage.
- Broadcom (AVGO) shares rise after OpenAI signed a multiyear agreement with Broadcom Inc. to collaborate on custom chips and networking equipment. 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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On this episode of Stock Movers:
- Nvidia (NVDA) shares rise after Treasury Secretary Scott Bessent was asked on Fox Business whether there were ever discussions of the US government taking a stake in Nvidia; he said he was not part of any such talks. He did say Nvidia is the most valuable company in the world, with “incredible” management.
- Intel (INTC) shares rise after Bank of America downgraded the stock to underperform from neutral, saying it has gone “too far, too fast” and the company has yet to lay out a “discernible AI strategy”
- AMD (AMD) shares are up after the company was raised to outperform from neutral at KGI Securities, price $260, implies a 21% increase from last price. Mizuho raised the target price on AMD to $275 from $205, which implies a 28% increase from the last price.

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On this episode of Stock Movers:
- Warner Bros. (WBD) shares are moving higher after it rebuffed Paramount Skydance Corp.'s initial takeover approach for being too low, according to people familiar with the matter. Paramount has several options in its pursuit of Warner Bros., including boosting its bid, going directly to shareholders or finding additional backing through a financial partner.
- Estee Lauder (EL) shares are rising as Goldman Sachs analyst Bonnie Herzog raised the recommendation on Estee Lauder Cos. Class A to buy from neutral. The price target is set to $115, implying a 31% increase from last price.
- StubHub (STUB) is rising. It received several bullish initiations after its Sept. 17 IPO, with analysts expecting the company to further leverage its dominant position as it enters the lucrative primary ticketing market, with boosts from advertising as well as large events such as the soccer World Cup in the US in 2026.
- Beyond Meat (BYND) is plummeting this morning after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders.

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On this episode of Stock Movers:
- Nvidia (NVDA) leads gains in the Magnificent Seven cohort of tech stocks in Monday premarket trading, rebounding from Friday’s selloff, after President Donald Trump signaled openness to a deal with China to quell fresh trade tensions.
- USA Rare Earth (USAR) and other rare earth miners are climbing following strong gains among Asian peers, as fresh tensions between Beijing and Washington over China’s exports of the critical minerals fueled bets on alternative suppliers.
- Warner Bros. (WBD) shares are moving after it rebuffed Paramount Skydance Corp.'s initial takeover approach for being too low, according to people familiar with the matter. Paramount has several options in its pursuit of Warner Bros., including boosting its bid, going directly to shareholders or finding additional backing through a financial partner.
- Estee Lauder (EL) shares are rising as Goldman Sachs analyst Bonnie Herzog raised the recommendation on Estee Lauder Cos. Class A to buy from neutral. The price target is set to $115, implying a 31% increase from last price.
- StubHub (STUB) is rising. It received several bullish initiations after its Sept. 17 IPO, with analysts expecting the company to further leverage its dominant position as it enters the lucrative primary ticketing market, with boosts from advertising as well as large events such as the soccer World Cup in the US in 2026.

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On this episode of Stock Movers:
- LLoyds is up despite saying it intends to set aside an extra £800m in compensation for motor finance claims.
- Big Yellow Group shares have jumped on reports that Blackstone is weighing a bid for the UK self-storage firm.
_ AstraZeneca is down on in its initial rebound after a deal with the Trump administration to lower drug prices in the US in exchange for tariff relief.

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On this episode of Stock Movers:
- Fresnillo gained on gold and silver's record highs as HSBC analysts raised its recommendation to hold from reduce.
_ AstraZeneca rebound following a deal with the Trump administration to lower drug prices in the US in exchange for tariff relief.
- Nexans drops after the cable manufacturer announced a change in CEO, which JPMorgan says comes as a surprise.

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

• Applied Digital (APLD) soared to their highest since 2004 after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
• FedEx (FDX) ends the week lower as the sector faces woes including slowing truckload growth, and concerns from Morgan analyst Brian Ossenbeck that a perception of weakened price discipline among less-than-truckload carriers justifies lower multiples across that group of companies.
• MP Materials (MP) rose almost 10% after a China curb on exports of the minerals fueled bets that the American industry will benefit — and potentially spur additional investments from the federal government.

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On this episode of Stock Movers:

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 Emily Graffeo.

- MP Materials (MP) saw shares rise on a day where stocks fell sharply across sectors following President Donald Trump threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week. The trade jitters sent investors rushing into companies like the rare Earth producer. MP Materials saw shares rise to its highest levels since August 11.

- Levi Strauss & Co. raised its full-year outlook, but warned that tariffs are starting to bite. "We have started feeling the impact of tariffs” in the third quarter, Chief Financial Officer Harmit Singh said in an interview. Despite this, Levi’s profitability, as measured by gross margin, improved. The company said that gross margin was bolstered by higher prices and a larger volume of sales through more profitable channels. Levi continues to expect tariffs of 30% in China, but increased its expectation to 20% for the rest of the world, up from the 10% it projected a quarter earlier.  Levi fell in New York on Friday. The stock has climbed 42% this year through Thursday’s close. 

- Venture Global shares fell as much as 23% on Friday, the most since March, after the liquefied natural gas company lost a dispute with BP Plc involving the sale of LNG cargoes from a Louisiana facility on the spot market rather than to customers with long-term contracts. Analysts were surprised by the result and view it as a negative with a potential impact of over $1 billion for Venture Global.

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