Stock Movers

On this episode of Stock Movers:
- Delta (DAL) is popping after it reported better-than-expected earnings for the third quarter, helped by leisure travelers and a rebound in corporate travel. The carrier predicted continued strong demand into next year, with full-year EPS expected to be about $6, ahead of the analyst consensus.
- PepsiCo (PEP) is up despite reporting organic revenue growth for the third quarter that missed estimates as US shoppers purchase fewer processed snacks and sugary sodas. The food and beverage company, which owns the Lay’s, Gatorade and Quaker brands, reported organic revenue growth of 1.3%, below what analysts polled by Bloomberg expected.
- Ferrari (RACE) shares posted their biggest intraday drop since 2016 after a cautious forecast at its investor day disappointed investors. The company raised its forecast for profit and revenue slightly for this year and issued longer-term guidance for 2030, with net revenue this year forecast to equal or exceed €7.1 billion.

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On this episode of Stock Movers:
- Delta (DAL) is popping after it reported better-than-expected earnings for the third quarter, helped by leisure travelers and a rebound in corporate travel. The carrier predicted continued strong demand into next year, with full-year EPS expected to be about $6, ahead of the analyst consensus.
- PepsiCo (PEP) is up despite reporting organic revenue growth for the third quarter that missed estimates as US shoppers purchase fewer processed snacks and sugary sodas. The food and beverage company, which owns the Lay’s, Gatorade and Quaker brands, reported organic revenue growth of 1.3%, below what analysts polled by Bloomberg expected.
- Costco (COST) is higher after the warehouse club reported comparable sales growth that beat analyst estimates for September, helped by a rise in both foot traffic and amount spent per customer.
- Ferrari (RACE) shares posted their biggest intraday drop since 2016 after a cautious forecast at its investor day disappointed investors. The company raised its forecast for profit and revenue slightly for this year and issued longer-term guidance for 2030, with net revenue this year forecast to equal or exceed €7.1 billion.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Lloyds Banking Group shares drop as much as 3.9%, the most in six weeks, after the lender said it will likely have to set aside an additional — and potentially material — provision to compensate customers who were missold car loans.
- Ottobock shares rose in the prosthetics firm’s debut trading session in Frankfurt on Thursday, after the biggest initial public offering in Germany in more than a year.
- Ferrari offered a glimpse of its first electric car, teasing key performance benchmarks of the Elettrica as it starts to unwrap the model ahead of deliveries in late 2026. Ferrari said all-electric models will make up about 20% of its lineup by 2030, halving a goal set in 2022, while hybrids remain 40% of the mix and combustion powertrains make up 40%.

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On this episode of Stock Movers:
- HSBC shares slump in Hong Kong after it announced a privatization plan for Hang Seng Bank that will mean a cut in its CET1 ratio and a pause in share buybacks.
- UK homebuilders may be in focus as estate agents become pessimistic for the first time in two years, according to a survey that shows the housing market continues to lose momentum amid fears of tax rises and concern about the economic outlook.Taylor Wimpey's completions may rise just 1% to 11,150 in 2026, lagging consensus for 4% growth. That could drag pretax profit 6% lower than Oct. 3 estimates for £460 million, based on our scenario. Softening UK reservations and orders and depleted outlets are major drags, contrasting with Persimmon, which leads peers in pipeline growth.
- Lloyds Banking Group shares drop as much as 3.9%, the most in six weeks, after the lender said it will likely have to set aside an additional — and potentially material — provision to compensate customers who were missold car loans.

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On this episode of Stock Movers:

- AMD (AMD) shares rallied on Wednesday, extending gains in the wake of a chip sale agreement with OpenAI to more than 40% over a three-day winning streak. AMD rose as much as 11% on Wednesday on volume nearly twice the daily average over the past three months; that followed a gain of nearly 4% on Tuesday and 24% on Monday, when the deal was announced

- Jeffries (JEF) shares fell as as asset manager controlled by a unit of the firm sank nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands. Point Bonita Capital’s portfolio has about $715 million invested in receivables due by First Brands’ customers including Walmart Inc. and AutoZone Inc., with the auto-parts supplier responsible for directing payments to Point Bonita, Jefferies said in a statement. Problems with the receivables emerged on Sept. 15 as the company stopped making these payments.

- Fair Isaac (FICO) saw its shares tumbled the most intraday since August 1 after Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

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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, Norah Mulinda and Kristine Aquino.

On this episode of Stock Movers:

- AST Spacemobile (ASTS) shares climbed to their highest level on record after the telecommunications firm said it signed an agreement with Verizon to provide direct-to-cellular connectivity when needed for customers starting in 2026. William Blair says the Verizon deal is a “competitive win” over SpaceX’s Starlink.

- Advanced Micro Devices (AMD) shares posted their best three-day gain in nine years, closing 11% higher today. The stock extended gains in the wake of a chip sale agreement with OpenAI to more than 40% over a three-day winning streak. AMD's deal with OpenAI gives the chipmaker a chance to challenge Nvidia in the AI computing industry.

 - Fair Isaac (FICO) tumbled as much as 9.82% on Wednesday after rival Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Advanced Micro Devices (AMD) shares rallied on Wednesday, extending gains in the wake of a chip sale agreement with OpenAI to more than 40% over a three-day winning streak. AMD's deal with OpenAI gives the chipmaker a chance to challenge Nvidia in the AI computing industry.

- Dell (DELL) shares rose after the announcement that the company roughly doubled its growth estimates for sales and profit for the next two years, citing demand for artificial intelligence products. Dell's "long-term financial framework" calls for sales to rise at a rate of 7% to 9% annually for the next four years, while earnings per share will increase 15% or more. Dell said that they also plan to release new products and focus on restoring growth and profitability to the consumer PC business.

 - Fair Isaac (FICO) tumbled as much as 5.6% Wednesday, the most intraday since Aug. 1, after rival Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- AST SpaceMobile (ASTS) shares climb to their highest level on record after the telecommunications firm said it signed an agreement with Verizon to provide direct-to-cellular connectivity when needed for customers starting in 2026. William Blair says the Verizon deal is a “competitive win” over SpaceX’s Starlink.
- Elf Beauty (ELF) shares gain after Morgan Stanley lifted its price target on the cosmetics company to a Street high. Analyst Dara Mohsenian (overweight) says visibility is building on his above-consensus FY27 view, highlighting “solid” US scanner data for Elf’s base business and a “very strong” launch for the Rhode brand at Sephora.
- Air Isaac (FICO) shares tumble the most intraday since Aug. 1, after Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Intel (INTC) shares drop after the company was downgraded to reduce from hold at HSBC, which writes that recent deal-related strength in the stock is “not sustainable.”
- FedEx (FDX) shares fall after JPMorgan analyst Brian Ossenbeck cut the recommendation on the parcel carrier to neutral from overweight, writing that a perception of weakened price discipline among less-than-truckload carriers justifies lower multiples across that group of companies.
- Oracle (ORCL) shares gain as analysts remain optimistic about the company in the wake of a report about margins at its cloud-computing business. Firms continue to see strong tailwinds related to AI.

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On this episode of Stock Movers:
- Confluent (CFLT) shares soared as Reuters reports that the data infrastructure company is exploring a sale after receiving acquisition interest. The firm has engaged an investment bank to manage the process, Reuters reports, citing people it didn’t identify. No deal is guaranteed
- Jeffries (JEF) shares slipped on news it said it has $161 million of exposure to funds that held trade receivables and loans of bankrupt auto-parts supplier First Brands Group. The exposure is mostly through Point Bonita Capital, a division of its Leucadia Asset Management, which manages trade-finance assets on behalf of third-party institutional and other investors. Leucadia has a $113 million equity stake in the fund, according to a statement.
- BMW (BMWKY) is the worst performing stock in Europe this morning after the company lowered its financial guidance due to weak sales in China and tariff costs. The company now sees pretax group earnings slightly lower in 2025 compared to last year and slashed its projection for automotive free cash flow.

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