Stock Movers

On this episode of Stock Movers:
- B&M European Value Retail shares drop as much as 22%, marking a record drop that has sent shares to an all-time low. CEO Tjeerd Jegen warned operational execution has been “weak” and weighed on first-half performance.
- Shell shares rise as much as 2.3%, the most since July. The company gave an October trading update that analysts saw as upbeat, forecasting higher 3Q integrated gas production and upstream volumes.
- HelloFresh shares drop as much as 7.1%, slipping to their lowest level in almost a month, after the US Department of Agriculture’s Food Safety and Inspection Service issued a public health alert concerning ready-to-eat meals sold by the company.

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On this episode of Stock Movers:
- Morgan Stanley upgraded LVMH to overweight as analysts note that industry insiders are most positive they have been about the luxury sector's medium-term prospects for two to three years
- Imperial Brands shares rise as much as 3.7%, rebounding from a two-month low, after the tobacco company said it will increase its share buyback in FY26.
- B&M European Value Retail shares drop as much as 22%, marking a record drop that has sent shares to an all-time low. CEO Tjeerd Jegen warned operational execution has been “weak” and weighed on first-half performance.

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On this episode of Stock Movers:

- AppLovin (APP) shares slid after reports the Securities and Exchange Commission has been probing the data-collection practices of the mobile advertising tech company. The agency has specifically looked into allegations that AppLovin violated platform partners’ service agreements to push more targeted advertising to consumers. AppLovin declined to comment, saying it generally doesn’t speak on potential regulatory matters.

- Advanced Micro Devices (AMD) soared after the company signed a deal with OpenAI that could generate tens of billions of dollars in new revenue. Barclays and Melius raise their price targets for AMD to a Street-high $300 from $200. 

- Comerica shares ended the day higher after the announcement Fifth Third Bancorp agreed to buy Comerica for about $10.9 billion in stock. The deal will create the ninth-largest bank in the country, with about $288 billion in assets, the two companies said in a statement Monday. 

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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:

- Advanced Micro Devices (AMD) triggers an explosive rally after landing a a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry. Shares were up as much as 37% at today's highs, and closed at their highest since March 2024.

- Critical Metals Corp (CRML) shares gained after a report suggesting Washington was considering a position in the rare earths company. Trading paused for volatility after a White House official said Monday that the Trump administration is not currently considering a deal that would see it take a stake in the company.

- Verizon (VZ) shares closed at the worst one-day drop since April as the company concedes it has fallen behind rivals in wireless and broadband service, replaced its chief executive officer of seven years, and appointed a new leader with experience in telecom and financial technology. Dan Schulman, 67, who became lead independent director in December, takes over immediately, Verizon said Monday, with a mandate to revive growth and improve the company’s fortunes. The former CEO of PayPal Holdings Inc., he replaces Hans Vestberg, 60, a former Ericsson AB executive who has led the company since 2018.

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On this episode of Stock Movers:

- Advanced Micro Devices (AMD) triggers an explosive rally after landing a a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry.

- Comerica (CMA) shares rise on news Fifth Third Bancorp agreed to buy the bank for about $10.9 billion in stock, the largest US bank deal this year and a sign that the logjam blocking big mergers in the industry may have broken under the Trump administration’s deregulation efforts.

- Verizon (VZ) shares fall as the company concedes it has fallen behind rivals in wireless and broadband service, replaced its chief executive officer of seven years, appointing a new leader with experience in telecom and financial technology. Dan Schulman, 67, who became lead independent director in December, takes over immediately, Verizon said Monday, with a mandate to revive growth and improve the company’s fortunes. The former CEO of PayPal Holdings Inc., he replaces Hans Vestberg, 60, a former Ericsson AB executive who has led the company since 2018.

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On this episode of Stock Movers:
- AMD (AMD) shares soar after the company signed a deal with OpenAI for AI infrastructure that could generate tens of billions of dollars in new revenue.
- Micron (MU) shares rise after Morgan Stanley upgraded the company to overweight from equal-weight saying the chipmaker is headed for multiple quarters of double-digit price increases.
- Verizon (VZ) shares fall after the company named Dan Schulman chief executive officer, replacing Hans Vestberg effective immediately. Vestberg will stay on through Oct. 4, 2026 to help ensure a smooth transition in leadership, including the integration with Frontier Communications.

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On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares are soaring on news it signed a deal with OpenAI to deploy 6 gigawatts of AMD GPUs over multiple years. AMD has given OpenAI a warrant for up to 160 million shares, which will vest as milestones are achieved, including targets tied to AMD's stock price. The agreement is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI infrastructure buildout. Intel (INTC) and Nvidia (NVDA) dropped on the news.
- Comerica (CMA) is higher while Fifth Third Bancorp (FITB) dropped on news Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, creating the ninth-biggest US bank with about $288 billion in assets. Comerica’s stockholders will receive 1.8663 Fifth Third shares for each Comerica share they hold, or about $82.88 per share based on the Oct. 3 closing price. When the deal is completed, Fifth Third shareholders will own roughly 73% of the combined company.
- Tesla (TSLA) shares are advancing after a cryptic social media post teased a product unveiling. The company managed to pique the interests of investors with a series of social media posts that sent the carmaker’s shares higher in early trading. First, the company posted a video clip of a black hubcap-like object with a Tesla logo spinning before flashing the numbers 10/7, likely referencing a product unveiling on Tuesday. A second post appears to show a car parked in pitch-black darkness, revealing only its headlights.
- Critical Metals Corp (CRML) shares are soaring on news of the US mulling to buy a stake in the company. Shares surged more than 100% in premarket trading on Monday after Reuters reports Trump administration officials have discussed taking a stake in in the metal mining company. If finalized, deal would give US government a direct interest in the largest rare earths project in Greenland, according to the Reuters report.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares are soaring on news it signed a deal with OpenAI to deploy 6 gigawatts of AMD GPUs over multiple years. AMD has given OpenAI a warrant for up to 160 million shares, which will vest as milestones are achieved, including targets tied to AMD's stock price. The agreement is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI infrastructure buildout. Intel (INTC) and Nvidia (NVDA) dropped on the news.
- Comerica (CMA) is higher while Fifth Third Bancorp (FITB) dropped on news Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, creating the ninth-biggest US bank with about $288 billion in assets. Comerica’s stockholders will receive 1.8663 Fifth Third shares for each Comerica share they hold, or about $82.88 per share based on the Oct. 3 closing price. When the deal is completed, Fifth Third shareholders will own roughly 73% of the combined company.
- Critical Metals Corp (CRML) shares are soaring on news of the US mulling to buy a stake in the company. Shares surged more than 100% in premarket trading on Monday after Reuters reports Trump administration officials have discussed taking a stake in in the metal mining company. If finalized, deal would give US government a direct interest in the largest rare earths project in Greenland, according to the Reuters report.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Societe Generale fell as banks in France led the decline following news that Prime Minister Sebastien Lecornu resigned, sparking worries about further political turmoil in the country.
- Hermes was one of the many Paris-listed small- and mid-caps, which are most exposed to the domestic economy, that also dropped following the headlines.
- AstraZeneca shares rose after its drug with Daiichi Sankyo, Datroway, helped breast cancer patients with a particularly hard to treat form of the disease live longer.

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On this episode of Stock Movers:
- Aston Martin Lagonda Global Holdings Plc slumped after paring back its outlook for a second time this year, citing the impact of US tariffs and broader economic challenges holding back demand.
- French stocks including Societe Generale hit a session low as Prime Minister Sebastien Lecornu resigned, sparking worries about further political turmoil in the country.
- Stellantis plans to invest about $10 billion in the US as the troubled maker of Jeep sport-utility vehicles and Ram pickups refocuses on the market that’s pivotal to its profits, people familiar with the situation said.

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