Stock Movers

On this episode of Stock Movers:

- Tesla (TSLA) reported a surprise record quarter of vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.
The company delivered 497,099 vehicles worldwide, 7.4% more than a year ago. While that total far exceeds the roughly 439,600 average analyst estimate compiled by Bloomberg, Tesla’s shares slumped Thursday following a record monthly gain in market capitalization. Investors recently looked past Tesla’s first-half sales weakness to Musk’s promises of growth in areas such as driverless vehicles, artificial intelligence and robotics. The carmaker’s shares soared 33% in September, recouping early-year losses and adding $401.9 billion of market value. The stock gave back some of those gains Thursday, falling as much as 3.2% as of noon New York time.

- Credit-reporting bureaus like TransUnion (TRU) and Equixfax (EFX) each dropped at least 12% during trading Thursday on word that Fair Isaac, better known as FICO, will now sell credit scores directly to mortgage resellers. Through a new program, mortgage resellers will be able to calculate and distribute credit scores directly to customers, reducing their reliance on credit bureaus. This will bring more price transparency and savings for mortgage lenders, mortgage brokers and other industry participants, FICO said in a statement. 

- Berkshire Hathaway shares dipped on word that Occidental Petroleum Corp. is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway Inc. “I believe we are done with the big deals,” Occidental Chief Executive Officer Vicki Hollub said in an interview Thursday. “This pretty much gets us where we need to be.” Following the Texas oil driller’s transformational purchase of CrownRock LP for $10.8 billion in August 2024, Hollub targeted as much as $6 billion in asset sales to whittle away debt. As of early August, the company already was roughly two-thirds of the way to that goal.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- TransUnion (TRU) shares fall after Fair Isaac Corp. announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers. FICO shares rallied.
- Occidental Petroleum (OXY) shares drop after Warren Buffett’s Berkshire Hathaway reached a deal to buy Occidental Petroleum's petrochemical business for about $9.7 billion in cash.
-Tesla (TSLA) shares gain after reporting a surprise increase in quarterly vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Tesla (TSLA) shares gain after reporting a surprise increase in quarterly vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.
- Fair Issac Corp (FICO) shares rise after it announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers.
- Occidental (OXY) shares drop after Warren Buffett’s Berkshire Hathaway reached a deal to buy Occidental Petroleum's petrochemical business for about $9.7 billion in cash.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- The shares of credit-reporting companies TransUnion (TRU) and Equifax (EFX) plunged in premarket trading after Fair Isaac Corp. (FICO) announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers.
- Samsung Electronics and SK Hynix shares rose to their highest in years after South Korea’s largest companies forged initial agreements to supply chips to OpenAI’s Stargate project, reinforcing their lead in artificial intelligence memory. OpenAI’s Sam Altman signed a letter of intent Wednesday to enlist the two firms in his data center construction effort, a global undertaking that involves the sector’s biggest players from Nvidia (NVDA) to Oracle (ORCL). The US startup could need as many as 900,000 wafers per month as Stargate expands, the companies said.
- Stellantis (STLA) shares rally in premarket trading after the maker of Jeep SUVs reported a gain in third-quarter US deliveries, sparking optimism on the group’s turnaround prospects. Stellantis US deliveries were up 6% in the third quarter, powered by an 11% jump in Jeep deliveries, in the company’s first quarterly sales gain in more than two years.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Shares of Tesla (TSLA) led fellow Magnificent Seven stocks higher in premarket trading Thursday ahead of the electric-car maker’s delivery figures for three months that ended in September. The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, according to analysts’ estimates compiled by Bloomberg. Although that would amount to a roughly 5% drop from a year ago — and mark Tesla’s third straight quarterly decrease — it would be an improvement relative to the first half of 2025, when vehicle sales tumbled 13%.
- ADRs of Dutch chip manufacturing supplier ASML (ASML) moved higher alongside European semiconductor stocks, following gains by US and Asian-listed peers. Samsung Electronics and SK Hynix shares rose to their highest in years after South Korea’s largest companies forged initial agreements to supply chips to OpenAI’s Stargate project, reinforcing their lead in artificial intelligence memory.
- Shares of energy real estate investment trust Fermi (FRMI) soared in premarket trading after rallying 55% in their debut. The REIT - backed by former US Secretary of Energy Rick Perry - raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Brunello Cucinelli rose after confirming its full-year growth target and pushing back against claims made by a short-seller.
- Siemens shares were up on news the conglomerate is exploring the spinoff of a large part of its majority stake in Siemens Healthineers.
- Novo Nordisk gained further after it was upgraded to buy from hold at HSBC.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Tesla (TSLA)'s sales decline is expected to slow, offering investors a measure of relief amid a lengthy downturn at Elon Musk’s electric-car maker.The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, according to analysts’ estimates compiled by Bloomberg. Although that would amount to a roughly 5% drop from a year ago — and mark Tesla’s third straight quarterly decrease — it would be an improvement relative to the first half of 2025, when vehicle sales tumbled 13%.
- Neptune Insurance (NP), a flood insurer, saw shares jump over 24% after it's shareholders raised $368.4 million in a US initial public offering.Shares of the St. Petersburg, Florida-based firm closed at $24.80 each on Wednesday, versus an IPO price of $20 apiece. The offering of 18.4 million shares by backers including co-founder Jim Albert, Bregal Sagemount and FTV Capital was marketed in a range of $18 to $20 each.
- Fermi (FRMI) shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence. Shares of the company closed at $32.53 versus an IPO price of $21. Fermi sold 32.5 million shares after pricing them within a marketed range of $18 to $22. The trading gave the Amarillo, Texas-based REIT, which was co-founded by former US Secretary of Energy Rick Perry, a market value of about $19.3 billion based on the outstanding shares listed in its filings. The company’s shares debuted on the Nasdaq Global Select Market on Wednesday and are expected to begin trading on the London Stock Exchange on Thursday.

See omnystudio.com/listener for privacy information.

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, Carol Massar and Tim Stenovec.
- Nike (NKE)'s turnaround efforts are starting to pay off as the world’s largest sportswear company realigns the business around sports such as running and basketball. The company said efforts to roll out new products, boost marketing efforts and clear out old inventory helped blunt a longtime sales slump — results that boosted Nike’s shares as much as 7% on Wednesday. The stock had dropped about 8% this year through Tuesday’s close as investors waited for Nike to show signs that its comeback bid is actually working. On Wednesday, Nike’s better-than-expected results also boosted European sportswear shares, with both Adidas AG and Puma SE climbing. 
- AST SpaceMobile (ASTS) shares surged after the telecommunication company gave a positive production update on its BlueBird satellite, in a post on X. 
- Peloton (PTON) shares fell Wednesday after the company raised prices on both hardware and membership fees in a sweeping product overhaul, dampening the first major attempt under new leadership to overcome a multi-year slump. The new products, announced Wednesday, include new versions of the Bike and Bike+, Tread and Tread+ and the replacement of the Row with a Row+, confirming an August Bloomberg report. The hardware on each of the products gains a Swivel Screen so the display can move, letting users switch to activities like yoga or pilates off the device while still viewing classes. Throughout, the line is powered by a new artificial intelligence platform, Peloton IQ, offering personalized guidance, insights and coaching plans.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Intel (INTC) shares climbed as much as 6.8% after Semafor reported that the company is in talks to add Advanced Micro Devices Inc. as a customer for its manufacturing business.  The companies are in early-stage discussions about having AMD rely on Intel factories, Semafor said, citing unidentified people familiar with the matter. AMD currently depends on Taiwan Semiconductor Manufacturing Co. for much of its manufacturing needs. AMD and Intel declined to comment to Bloomberg News. 

- Peloton (PTON) shares fell Wednesday after the company raised prices on both hardware and membership fees in a sweeping product overhaul, dampening the first major attempt under new leadership to overcome a multi-year slump. The new products, announced Wednesday, include new versions of the Bike and Bike+, Tread and Tread+ and the replacement of the Row with a Row+, confirming an August Bloomberg report. The hardware on each of the products gains a Swivel Screen so the display can move, letting users switch to activities like yoga or pilates off the device while still viewing classes. Throughout, the line is powered by a new artificial intelligence platform, Peloton IQ, offering personalized guidance, insights and coaching plans.

- Reddit (RDDT) shares dropped the most since April 30 after analysts noted a drop in OpenAI citations. According to our analysts at Bloomberg Intelligence, Reddit's drop in citations from OpenAI shows its exposure to search-engine traffic and any changes to algorithms from the large-language model companies. Reddit's direct traffic and daily active user growth hinges on its own chatbot use, which we believe is key to direct-response ads and average revenue per user growth.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Lithium Americas (LAC) shares rise after US Secretary of Energy Chris Wright told Bloomberg Television that the US government agreed to acquire a 5% stake in the company.
- Carvana (CVNA) shares gain after Jefferies upgraded the online platform for buying used cars to buy from hold.
- Nike (NKE) shares up as turnaround efforts are starting to pay off as the company realigns the business around sports such as running and basketball.

See omnystudio.com/listener for privacy information.