Stock Movers

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
- IREN Ltd. (IREN) is falling after a source said it is offering a conversion premium of 30% to 35% on its $875 million offering of zero coupon bonds due 2031, according to a person familiar with the matter. AI and Bitcoin data center developer, owner and operator is marketing offering for one day, pricing the deal late Wednesday, the person said, asking not to be identified as the information isn’t public.
- US Rare Earth Inc. (USAR) jumped amid a recent report that that the company is in close communication with the Trump administration, when asked whether the company would be open to a deal with the US government. The Trump administration has already taken stakes in rare earths company MP Materials and miner Lithium Americas.
- 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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On this episode of Stock Movers:
- Security services group Verisure’s shares rallied in its trading debut, after the initial public offering raised about €3.2 billion ($3.72 billion) in the largest European debut in three years.
- Close Brothers shares rise as much as 10%, while Lloyds gains as much as 3.2%, after the UK’s Financial Conduct Authority provided a lower than previously expected estimate for the compensation auto lenders may have to pay customers who were missold car loans.
- ABB shares rise as much as 3.3%, to a record high, after the Swiss industrials firm agreed to divest its robotics division to SoftBank Group for an enterprise value of $5.4 billion, abandoning an earlier intention to spin off the business

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On this episode of Stock Movers:
- BMW declines as much as 5.2% after cutting its guidance for the full year due to weak volume growth in China and costs related to the implementation of tariffs.
- ArcelorMittal is placed on a 30-day upside catalyst watch at Citi, with defense measures for the European steel industry potentially “around the corner.”
- ASML shares fall 7.1% after US probe into China exports

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On this episode of Stock Movers:

- Tesla (TSLA) introduced new versions of its top-selling models priced at under $40,000, making its main vehicles more affordable to counteract the loss of US incentives for electric cars. The new standard versions of the Model 3 sedan and Model Y sport utility vehicle start at $36,990 and $39,990, Tesla’s website shows. Those starting prices are about 13% and 11% cheaper, respectively, than premium longer-range versions of each model.Tesla shares fell 4.4% on Tuesday, giving up much of Monday’s gain stoked by social media posts from the company. The stock has risen more than 7% this year.

- Ford (F) faces months of disruptions to its business after a major fire at an aluminum plant in New York, the Wall Street Journal reported.The company will probably outline the fallout from the blaze when it announces quarterly earnings this month, the Journal reported, citing people familiar with the matter. Ford is the biggest customer of the plant, which is owned by Atlanta-based Novelis Inc., the newspaper said.

- AppLovin (APP) saw shares drop steeply earlier this week on reports the SEC has been probing its data-collection practices. AppLovin declined to comment, saying it generally doesn’t speak on potential regulatory matters. “We regularly engage with regulators and if we get inquiries we address them in the ordinary course,” the company said by email. “Material developments, if any, would be disclosed through the appropriate public channels.” The SEC didn’t comment. “During the shutdown, the SEC’s public affairs office is not able to respond to many inquiries from the press,” the agency said by email. Today, shares of the mobile advertising tech company gained back some of its loses.

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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, Carol Massar and Tim Stenovec.

On this episode of Stock Movers:

- Trilogy Metals (TMQ) closed with a 211% gain Tuesday as the White House said US will take a 10% stake in the company. BMO analyst Rene Cartier says “The binding letter of intent with the US Department of War highlights a significant milestone in the advancement of exploration and development of the Upper Kobuk Mineral Projects.”

- Advanced Micro Devices (AMD) shares closed 3% higher today, building on yesterday's gains. Jefferies upgraded to buy from hold following the chipmaker’s deal with OpenAI. Analyst Blayne Curtis said “AMD will still have to hit milestones, but this is a strong validation of AMD’s AI roadmap and the level of AI demand in general.”

- Oracle (ORCL) shares fell after a report that the company's profit margin in its cloud computing business is lower than estimated. Oracle generated $900 million in revenue from server rentals, but only $125 million in gross profit, according to internal corporate documents. The company's gross margin has been weighed down by heavy spending on chips and data center capacity, with its overall gross margin at 67.3% in its most recent earnings report.

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On this episode of Stock Movers:

- DR Horton (DHI), Toll Brothers (TOL) and KB Home (KBH) are among homebuilding names downgraded to inline from outperform at Evercore ISI as analyst Stephen Kim cites depressed home-buying sentiment. Shares of the homebuilders fell in Tuesday trading.

- AppLovin (APP) shares fall after news that the Securities and Exchange Commission has been probing AppLovin's data-collection practices, according to people familiar with the matter.

- Oracle (ORCL) shares fell after a report that the company's profit margin in its cloud computing business is lower than estimated. Oracle generated $900 million in revenue from server rentals, but only $125 million in gross profit, according to internal corporate documents. The company's gross margin has been weighed down by heavy spending on chips and data center capacity, with its overall gross margin at 67.3% in its most recent earnings report.

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On this episode of Stock Movers:
- Dell (DELL) shares rise after the company roughly doubled its growth estimates for sales and profit for the next two years, citing demand for artificial intelligence products.
- Intercontinental Exchange (ICE) shares rise on its' plans to invest as much as $2 billion in cash in Polymarket, a crypto-based betting platform. The transaction values Polymarket at roughly $8 billion, and ICE will become a global distributor of Polymarket’s event-driven data.
- Dollar Tree (DLTR) shares fall after Jefferies downgraded the discount retailer to underperform from hold.

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On this episode of Stock Movers:
- Dell (DELL) shares rise after the company roughly doubled its growth estimates for sales and profit for the next two years, citing demand for artificial intelligence products.
- AppLovin (APP) shares fall after news that the Securities and Exchange Commission has been probing AppLovin Corp.'s data-collection practices, according to people familiar with the matter.
- Dollar Tree (DLTR) shares fall after Jefferies downgraded the discount retailer to underperform from hold.

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On this episode of Stock Movers:
- IBM (IBM) shares jumped after the company announced it will integrate Anthropic’s Claude family of LLM’s into its software portfolio, in a newly announced strategic partnership. The partnership integrates Claude into select internal and external development tools and enterprise products and aims to deliver new productivity gains for IBM clients according to a statement.
- Advanced Micro Devices (AMD) shares are higher, set to extend Monday’s 24% rally, as Jefferies upgrades to buy from hold following the chipmaker’s deal with OpenAI. Analyst Blayne Curtis said “AMD will still have to hit milestones, but this is a strong validation of AMD’s AI roadmap and the level of AI demand in general.”
- Trilogy Metals (TMQ) jumped over %200 in premarket trading on Tuesday as the White House said US will take a 10% stake in the company. BMO analyst Rene Cartier says “The binding letter of intent with the US Department of War highlights a significant milestone in the advancement of exploration and development of the Upper Kobuk Mineral Projects.”
- Intercontinental Exchange (ICE) shares are higher after the Wall Street Journal reported that the New York Stock Exchange owner is in talks to invest $2 billion in Polymarket. The deal, which could come as soon as Tuesday, could value Polymarket between $8 billion and $10 billion, the Journal reported citing, people familiar with the matter
- Constellations Brands (STZ) is rising after it reported better-than-expected results for its fiscal second quarter, citing robust beer and wine sales. The company's beer division is outperforming the industry, with success of its recently launched Corona Sunbrew Citrus Cerveza variety. Shares of Constellation Brands rose in premarket trading despite the stock having fallen 37% this year.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

IBM (IBM) shares jumped after the company announced it will integrate Anthropic’s Claude family of LLM’s into its software portfolio, in a newly announced strategic partnership. The partnership integrates Claude into select internal and external development tools and enterprise products and aims to deliver new productivity gains for IBM clients according to a statement.- Advanced Micro Devices (AMD) shares are higher, set to extend Monday’s 24% rally, as Jefferies upgrades to buy from hold following the chipmaker’s deal with OpenAI. Analyst Blayne Curtis said “AMD will still have to hit milestones, but this is a strong validation of AMD’s AI roadmap and the level of AI demand in general.”
- Trilogy Metals (TMQ) jumped over %200 in premarket trading on Tuesday as the White House said US will take a 10% stake in the company. BMO analyst Rene Cartier says “The binding letter of intent with the US Department of War highlights a significant milestone in the advancement of exploration and development of the Upper Kobuk Mineral Projects.”
- Intercontinental Exchange (ICE) shares are higher after the Wall Street Journal reported that the New York Stock Exchange owner is in talks to invest $2 billion in Polymarket. The deal, which could come as soon as Tuesday, could value Polymarket between $8 billion and $10 billion, the Journal reported citing, people familiar with the matter
- Constellations Brands (STZ) is rising after it reported better-than-expected results for its fiscal second quarter, citing robust beer and wine sales. The company's beer division is outperforming the industry, with success of its recently launched Corona Sunbrew Citrus Cerveza variety. Shares of Constellation Brands rose in premarket trading despite the stock having fallen 37% this year.

See omnystudio.com/listener for privacy information.