Stock Movers

On this episode of Stock Movers:
- Shares of Nike (NKE) moved higher ahead of the open after signs that turnaround efforts at the world’s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike’s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street.
- Cal-Maine Foods (CALM) decline in premarket trading after the egg producer posted first quarter profit and sales that disappointed.
- Lithium Americas (LAC) shares surge to their highest level in nearly two years in the premarket session after US Energy Secretary Chris Wright told Bloomberg Television that the US government agreed to acquire a stake in the company. The US will take a 5% equity stake in the Vancouver-based company and a 5% stake in its Thacker Pass mining project, the largest lithium deposit in the country. The company also reached an accord with the Department of Energy to draw on a previously agreed upon $2.23 billion loan.

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On this episode of Stock Movers:
- Shares of Nike (NKE) moved higher in premarket trading after signs turnaround efforts at the world’s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike’s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street.
- Occidental Petroleum (OXY) shares edge higher in early trading on news that Berkshire Hathaway is nearing a deal to acquire Occidental’s petrochemical business for about $10 billion. The transaction could be announced in coming days, and would be Berkshire’s largest deal since its acquisition of Alleghany Corp. in 2022 for $13.7 billion, according to data compiled by Bloomberg.
- Pfizer (PFE) shares increase in the premarket session after the company secured a reprieve from President Trump’s long-threatened tariffs on the pharmaceutical industry Tuesday by agreeing to slash some of its drug prices by up to 85% and selling directly to the American public, a move other major drugmakers are expected to follow.

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On this episode of Stock Movers:
- AstraZeneca rose along with other pharmaceutical companies after Pfizer secured a reprieve from President Donald Trump’s long-threatened tariffs by agreeing to slash some of its drug prices.
- Puma shares climbed after Nike reported better than expected sales, signalling an upbeat in demand for sportswear.
- Greggs marked the biggest jump in shares since 2021 after it said trading improved in August and September.

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On this episode of Stock Movers:

•  Nike (NKE)'s wholesale business and strength in North America powered the company’s latest quarterly sales above Wall Street’s expectations, showing that turnaround efforts at the world’s largest sportswear company are starting to deliver results. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, a smaller drop than investors anticipated, according to a statement. Revenue in the period was $11.7 billion, higher than the $11 billion projected by analysts. Nike shares rose 0.9% 4:35 p.m. in extended New York trading. The stock has dropped 7.8% so far this year through Tuesday’s close.
• CoreWeave (CRWV) shares rallied today after it signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models. “They loved our infrastructure in earlier contracts and came back for more,” Chief Executive Officer Michael Intrator said in an interview. As part of the agreement, CoreWeave will provide the social media giant access to Nvidia Corp.’s latest GB300 systems, he said. Meta didn’t provide comment. CoreWeave shares jumped as much as 15.9% after markets opened in New York. Meta shares declined as much as 1.9%.
• The US government agreed to acquire a stake in Lithium Americas (LAC) according to US Secretary of Energy Chris Wright. The deal is the Trump administration’s latest effort to speed development of a domestic supply chain to counter China’s dominance over metals critical to defense, automaking and consumer electronics. In July, the US Defense Department announced a $400 million equity investment in MP Materials Corp. to fund a major new plant making rare-earth magnets.

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On this episode of Stock Movers: 

-  CoreWeave (CRWV) shares closed higher today, after the cloud-computing provider signed a deal to supply Meta Platforms with as much as $14.2 billion worth of computing power. The deal runs through December 2031 with an option to extend through 2032 with additional capacity, and helps diversify CoreWeave’s business away from Microsoft.

- Pfizer (PFE) was the second biggest gainer in the S&P today. Shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices.

- Spotify (SPOT) shares dropped after news that Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: 

- Pfizer (PFE) is the second biggest gainer in the S&P today. Shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices.

-  CoreWeave (CRWV) shares are up as much as 16% today, after the cloud-computing provider signed a deal to supply Meta Platforms with as much as $14.2 billion worth of computing power. The deal runs through December 2031 with an option to extend through 2032 with additional capacity, and helps diversify CoreWeave’s business away from Microsoft.

- Firefly Aerospace (FLY) plunged as much as 25% after a core segment of one of the company’s rockets exploded on a test stand. The event resulted in a complete loss of Firefly’s Alpha Flight 7 first stage, making the company's plans to launch two of its Alpha rockets before the end of the year unlikely.

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On this episode of Stock Movers:
- Verizon (VZ) shares jump after news the company is engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc.
- Spotify (SPOT) shares drop after news that Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.
- Pfizer (PFE) shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- EchoStar (SATS) shares jump after the company engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc..
- CRH London-listed shares rise to a record high as the building materials supplier sets out mid-term targets for revenue growth and Ebitda margins to 2030.
- Spotify (SPOT) shares drop after news that Spotify Technology Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- EchoStar (SATS) is higher as the company engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc. The talks involve EchoStar’s AWS-3 licenses, which the company put a carrying value of $9.8 billion on, according to a regulatory filing.
- Spotify (SPOT) shares are moving on news Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström. Ek will continue to provide support and guidance, and said he is "not leaving" but will remain involved in big decisions about the company's future.
- Coty (COTY) is moving on news it has begun a strategic review of its consumer beauty brands to rework its portfolio of mass-market cosmetics labels while refocusing on fragrances.

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- EchoStar (SATS) shares rise in premarket trading on Tuesday as Verizon Communications (VZ) is said to be in discussions with the company about purchasing some of its wireless spectrum. Bloomberg has learned the talks involve EchoStar’s AWS-3 licenses, valuable for carrying 5G wireless signals.
- Shares of Firefly Aerospace (FLY) extended losses in early trading after the company disclosed an incident during a test at its facility in Briggs, Texas, that resulted in the loss of a rocket stage. Firefly, which made history in March when it landed its Blue Ghost robotic spacecraft on the surface of the moon, said that it had followed proper safety protocols and all personnel were safe.
- Exxon Mobil (XOM) shares were little changed despite news that the energy giant plans to cut about 2,000 jobs globally as it consolidates smaller offices into regional hubs as part of its long-term restructuring plan. The reductions represent about 3% to 4% of Exxon’s global workforce and are part of the company’s ongoing efficiency drive, Chief Executive Officer Darren Woods said in an memo to employees Tuesday.
- Coty Inc. (COTY) shares edged higher ahead of the US open after the company began a strategic review of its consumer beauty brands as it looks to rework its portfolio of mass-market cosmetics labels while refocusing on fragrances. The company’s $1.2 billion consumer beauty division is made up of brands including CoverGirl, Max Factor, Rimmel and Sally Hansen. Management will consider partnerships, spin-offs, divestitures and more as part of its assessment, according to a statement released on Tuesday.

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