Stock Movers

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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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, Vonnie Quinn, Carol Massar and Tim Stenovec.

- Video-game maker 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, according to people familiar with the matter. The company, known for popular titles such as Madden NFL, The Sims and Battlefield, could announce a deal as soon as next week, said the people, who asked not to be identified discussing confidential information. JPMorgan Chase & Co. is working on a financing package for the buyers, the people added. Shares of Redwood City, California-based Electronic Arts closed about 15% higher at $193.35 at in New York, giving the company a market value of roughly $48 billion.

- Intel (INTC) shares continued to rally on word that it approached Apple about securing an investment. 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. Shares of Intel gained as much as 7.9% in New York trading on Thursday. They had jumped 6.4% the previous day after Bloomberg News first reported on the discussions. Apple rose less than 1% to $253.71 on Thursday. Shares closed higher on Friday.

- Just weeks after a buzzy trading debut, Klarna (KLAR) shares fell below the initial public offering price for the first time in the face of increased competition from rivals and worries about the path of interest rates. The digital-payments firm’s stock fell 3.8% to $39.94 Friday, closing below the $40 listing price. Klarna started trading on Sept. 10 after the company and some of its backers raised about $1.58 billion in an offering that was double-digit oversubscribed and priced above the marketed range.

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On this episode of Stock Movers:

- Apple (AAPL) has developed a ChatGPT-like iPhone app to help test and prepare for a long-anticipated overhaul of Siri coming next year, according to people familiar with the matter. The company’s AI division is using the app to quickly evaluate new features for Siri, Apple’s voice-powered assistant. That includes testing the ability to search through personal data, such as songs and emails, and perform in-app actions like editing photos, said the people, who asked not to be identified because the initiative is private. Shares of the iPhone-maker bounced around during trading on Friday.

- Furniture retailers like Wayfair (W) and RH (RH) saw shares broadly decline after President Donald Trump announced that the US will enact new tariffs on imported kitchen cabinets, bathroom vanities and other home products next week. RH, whose chief executive officer has been a critic of Trump’s trade policy, saw its stock fall about 4% on Friday. The shares of the company, which operates the Restoration Hardware chain, had already declined 46% this year through Thursday. Wayfair, another furniture retailer, dropped as much as 1.9%. 

- Oracle (ORCL), along with Silver Lake Management and the Abu Dhabi-based investment company MGX are in talks to invest in a US version of TikTok and receive board seats in the new venture, according to people familiar with the discussions. The Trump administration recently encouraged MGX to join the coalition of non-Chinese owners, said one of the people, who asked not to be identified discussing nonpublic information.  Oracle, Silver Lake and MGX would each take a roughly 15% stake in the new TikTok US, and the investors may get a board seat each, said the people, who added that talks are ongoing and the size of the stakes may change. Spokespeople for Oracle, Silver Lake and MGX didn’t respond to requests for comment. The White House, TikTok and ByteDance also had no immediate comment. CNBC reported on the discussions earlier Thursday. Shares of Oracle are lower as investor express disappointment with the Trump administration's estimates for TikTok's value.

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On this episode of Stock Movers:
- Costco (COST) shares slip after the retailer reported mixed 4Q results, including adj. EPS and comparable sales (excl. gas and FX) ahead of expectations, but comps decelerated from the prior quarter and global membership renewal rates declined slightly.
- Eli Lilly (LLY) rises after President Donald Trump's plan to impose a 100% tariff on branded drug imports.
- RH (W) shares tumbled after President Donald Trump announced that the US will enact new tariffs on imported kitchen cabinets, bathroom vanities and other home products next week.

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On this episode of Stock Movers:
- Oracle (ORCL) share rose after the Trump administration's estimated $14 billion valuation for TikTok's US business is lower than previous estimates of around $40 billion.
- Wayfair (W) shares fall after President Trump announced new industry-specific tariffs targeting heavy trucks, kitchen cabinets, bathroom vanities, and upholstered furniture.
- Boeing (BA) shares jumped after the company is poised to get more leeway from the Federal Aviation Administration to perform some final safety checks on its 737 MAX aircraft prior to delivery, the Wall Street Journal reported.

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On this episode of Stock Movers:

- Shares of Boeing (BA) soar ahead of Friday's open following a Wall Street Journal report that the planemaker is poised to get more leeway from the Federal Aviation Administration to perform some final safety checks on its 737 MAX aircraft prior to delivery, easing the company's burden to get more of its most profitable aircraft to customers.

- Intel (INTC) shares rally in premarket trading after the Wall Street Journal reported that the Trump administration is weighing a new plan to reduce US reliance on chips made overseas. The Journal says the policy’s goal is to have chip companies manufacture the same number of semiconductors in the US as their customers import from overseas producers. Meantime, a separate Journal report says Intel has approached Apple and TSMC to secure investments or manufacturing partnerships to fuel the chipmaker's comeback.

- Shares of Daimler (DTG GY) slip in early trading as Europe’s truckmakers try to decode what to make of President Trump’s latest tariff salvo. The US plans to impose a 25% duty on imported heavy trucks starting on Wednesday, Trump announced in a post on Truth Social, without providing more details.

- Eli Lilly (LLY) shares edge higher in premarket trading after President Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US.

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On this episode of Stock Movers:
- Intel (INTC) shares rally in premarket trading after the Wall Street Journal reported that the Trump administration is weighing a new plan to reduce US reliance on chips made overseas. The Journal says the policy’s goal is to have chip companies manufacture the same number of semiconductors in the US as their customers import from overseas producers. Meantime, a separate Journal report says Intel has approached Apple and TSMC to secure investments or manufacturing partnerships to fuel the chipmaker's comeback.
- Eli Lilly (LLY) shares jumps in premarket trading after President Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US.
- Shares of truck manufacturer Paccar (PCAR) soared in the premarket session following the announcement of a 25% tariff rate on heavy trucks made outside of the US, while Wayfair (W) shares tank with President Trump also announcing a 30% tariff on upholstered furniture and a 50% levy on kitchen cabinets and bathroom vanities.

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On this episode of Stock Movers:
- Novo Nordisk (NOVOB DC) declined while its European Big Pharma peers largely traded flat after President Donald Trump announced new pharma tariffs. 
- Daimler Truck (DTG GY) fell on news Donald Trump’s plans include a duty on heavy truck imports. 
- InterContinental Hotels (IHG LN) shares climbed after receiving a double upgrade to overweight at JPMorgan.

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