Stock Movers

On this episode of Stock Movers:
- UBS reiterated its scathing critique of Switzerland’s planned changes to banking regulation, saying they may put the firm’s role in the country at risk.
- Asos warned its full-year earnings would be at the lower end of expectations as the online fast fashion chain works on a complex turnaround plan. Shares of Asos fell as much as 13% in early London trading, the most on an intraday basis since May 2023.
- Close Brothers is offloading its loss-making vehicle hire business, at a cost of £30 million, in its latest bit of reorganisation to become a “simpler” bank. The lender is trying to boost profits following a long-running legal saga tied to its motor finance unit. Shares slid in early trading.

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On this episode of Stock Movers: 

- Carnival (CCL) shares fall after the company raised its full-year earnings forecast for the third straight quarter. Shares slumped as much as 5.9%, the most intraday since June 13, on net yields guidance for the fourth quarter that trailed some expectations, and comments on cost headwinds in 2026. 

- Electronic Arts (EA) shares rise after news that a group of investors including the Saudi sovereign wealth fund will acquire Electronic Arts in a leveraged buyout that values the company at $55 billion. 

- Jefferies Financial Group (JEF) posted its best fiscal third-quarter revenue ever, with total revenue jumping almost 22% to $2.05 billion. The firm said the last quarter was its best period ever for advisory revenue, as deal activity picked up and market conditions improved, with trading activity also coming in higher than a year ago. The stock moved modestly lower in afterhours trading.

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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.

- Video-game maker Electronic Arts (EA) has agreed to sell itself in the largest leveraged buyout on record to a group of investors that includes a firm managed by President Donald Trump’s son-in-law Jared Kushner and Saudi Arabia’s sovereign wealth fund. The massive deal, valuing the video-game company at about $55 billion, is the latest effort by Saudi Arabia to diversify beyond oil into sports and gaming, a financially tumultuous industry that is increasingly at the heart of youth culture around the planet. Saudi Arabia’s Public Investment Fund, along with Silver Lake Management and Kushner’s Affinity Partners, agreed to pay $210 per share in cash, a 25% premium to where EA traded before the talks leaked on Friday. JPMorgan Chase & Co. is providing $20 billion of debt, the largest debt commitment for a buyout ever.

- Carnival (CCL) raised its full-year earnings forecast for the third straight quarter, citing a record pace for forward bookings and improving net yields.The cruise operator now expects adjusted net income of about $2.93 billion, up $235 million from its projection in June and higher than analysts’ expectations of about $2.76 billion. Net yields are now seen growing 5.3% on a constant-currency basis, up from 5% previously. Cruise operators appear to be faring better than airlines and other holiday operators in the face of cooling consumer sentiment, with some travelers viewing bundled vacations at sea as higher-value alternatives to more complex itineraries. 

- Peloton (PTON)  is preparing to kick off its second comeback attempt in three years, following a previous effort that fell short of expectations and lacked any major consumer-facing upgrades. The New York-based fitness company is set to introduce refreshed hardware and a software overhaul that bakes in artificial intelligence for personalization, Bloomberg News has reported. The launch, taking place this week, is Peloton’s first major product unveiling in years and comes at a time when Chief Executive Officer Peter Stern, a former Apple Inc. executive, is working to reshape the pioneering brand into an AI-focused health and wellness company. 

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Carnival (CCL) shares fall after the company raised its full-year earnings forecast for the third straight quarter. Shares slumped as much as 5.9%, the most intraday since June 13, on net yields guidance for the fourth quarter that trailed some expectations, and comments on cost headwinds in 2026.

- Electronic Arts (EA) shares rise after news that a group of investors including the Saudi sovereign wealth fund will acquire Electronic Arts in a leveraged buyout that values the company at $55 billion.

- Jefferies Financial Group (JEF) posted its best fiscal third-quarter revenue ever, with total revenue jumping almost 22% to $2.05 billion. The firm said the last quarter was its best period ever for advisory revenue, as deal activity picked up and market conditions improved, with trading activity also coming in higher than a year ago. The stock moved modestly lower in afterhours trading.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Carnival (CCL) shares fall after the company raised its full-year earnings forecast for the third straight quarter, citing a record pace for forward bookings and improving net yields.
-CSX Corp. (CSX) shares rise after naming Steve Angel as its new chief executive officer following the abrupt departure of Joe Hinrichs, overhauling the railroad’s leadership as it faces pressure from an activist investor and rising competitive challenges.
- DoorDash (DASH) shares rise after the delivery service expanded its relationship with grocery store chain Kroger. Kroger to launch almost 2,700 of its stores on the DoorDash platform starting Oct. 1.

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On this episode of Stock Movers:
- Electronic Arts (EA) shares rise after news that a group of investors including the Saudi sovereign wealth fund will acquire Electronic Arts in a leveraged buyout that values the company at $55 billion.
- Lockheed Martin (LMT)/ and other Defense stocks rose after the Wall Street Journal reported that the US Department of Defense is pushing missile suppliers.
- Occidental Petroleum (OXY) shares are up after the Financial Times reported that the company is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion.

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On this episode of Stock Movers:
- Shares of Electronic Arts (EA) soar on news the company agreed to sell to a group of private investors in a deal that values the company at about $55 billion, marking the largest leveraged buyout on record.
- Weed stocks including Tilray (TLRY), Cronos (CRON), and Canopy Growth (WEED) are trading higher in the US premarket session after President Trump posted a video on social media Sunday that touts medical benefits of “hemp-derived CBD” for seniors.
- Shares of cancer drugmaker Merus (MRUS) rise in early trading as Genmab (GMAB) agrees to acquire all of the company's shares in an all-cash transaction representing a transaction value of approximately $8 billion.

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On this episode of Stock Movers:

- Shares of Alibaba Group Holding Ltd. (BABA), the top performer among Chinese tech names in Hong Kong this month, rallied as analysts touted improving growth prospects for the company’s cloud and artificial intelligence businesses. Morningstar Inc. boosted by 49% the fair value for Alibaba’s American Depositary Receipts and its Hong Kong-listed stock to $267 and HK$260, respectively. Morgan Stanley raised its price target for the ADRs by 21% to $200.

- Huawei Technologies Co. is preparing to sharply ramp up production of its most advanced artificial intelligence chips over the next year, aiming to win customers in the world’s biggest semiconductor market while Nvidia (NVDA) Corp. struggles with geopolitical headwinds. The Chinese company plans to make about 600,000 of its marquee 910C Ascend chips next year, roughly double this year’s level, people familiar with the matter said, asking for anonymity to discuss private information. Huawei had struggled to get those products out the door for much of 2025 because of US sanctions. Overall, the Shenzhen-based company will raise output for its Ascend product line in 2026 to as many as 1.6 million dies, the people said, describing the basic silicon components that house chip circuitry.

- Occidental Petroleum (OXY) is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the US company’s biggest yet and would create one of the world’s largest standalone petrochemical companies, according to the FT, which cited two people familiar with the matter that it didn’t identify. The potential buyer couldn’t immediately be determined, the report said.

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On this episode of Stock Movers:

- Novo Nordisk fell as Morgan Stanley downgraded its rating to underweight on weaker prescription momentum for the firm’s weight-loss drugs.

- GSK CEO Emma Walmsley is stepping down after almost nine years with chief commercial officer Luke Miels taking over on January 1st.

- Lufthansa gained after the airline outlined new financial goals, including plans to cut 4,000 administrative jobs by 2030.

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On this episode of Stock Movers:

- Intel (INTC) has approached Apple Inc. about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government. Apple and Intel also have discussed how to work more closely together, said the people, who asked not to be identified because the deliberations are private. The talks have been early-stage and may not lead to an agreement, the people said.
 
- CarMax (KMX) shares tumbled the most in three years after the company’s weaker-than-expected results showed deepening strain in the used-car market. The auto retailer pointed to fallout from President Donald Trump’s tariffs and rising distress among consumers as it reported falling sales and profit. Earnings of 64 cents a share in the fiscal second quarter fell well short of the $1.03 average of analysts’ estimates compiled by Bloomberg.

- Electronic Arts (EA) is in talks to be taken private by a consortium led by Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners. A takeover of Electronic Arts could announce a deal as soon as next week, and JPMorgan Chase & Co. is working on a financing package for the buyers. The company's shares closed about 15% higher at $193.35, giving Electronic Arts a market value of roughly $48 billion.

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