Stock Movers

On this episode of Stock Movers:
- Micron (MU), he largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal first-quarter revenue will be roughly $12.5 billion, the company said in a statement Tuesday. Analysts had estimated $11.9 billion on average. Excluding some items, profit will be about $3.75 a share, compared with a projection of $3.05. The outlook validates the idea that Micron has become a key beneficiary of AI spending. Its high-bandwidth memory, or HBM, is critical to the chips and systems that develop artificial intelligence models. That’s turned the technology into a particularly lucrative product for the Boise, Idaho-based company. 
- Boeing (BA) shares rose after it announced it would partner with Palantir to integrate artificial intelligence on current and future defense programs and in its factories. The US planemaker’s defense unit will deploy Palantir’s Foundry platform to standardize data analytics and insights across its factories that produce fighter jets, helicopters, missiles and satellites, the two companies said in a statement on Tuesday. Palantir will also provide Boeing with AI expertise on a “number of undisclosed classified and proprietary efforts focused on supporting military customers’ most sensitive missions,” according to the statement. Shares in Boeing rose 2% and closed at $216.34 in regular trading on Sept. 23.
- Kenvue (KVUE) rallied from a record low as President Donald Trump’s call for pregnant women to avoid Tylenol drew sharp criticism from researchers. In its quest to remake the US health-care system, the Trump administration continues to put out information and guidance that contradicts that of medical organizations, doctors, scientists and state health departments. In addition to Tylenol, there has been conflicting messaging on a host of vaccines, anti-depressants and whether ingredients in shots are safe. It’s confusing patients and forcing doctors to be on the front lines of allaying their concerns.

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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, Matt Miller, Carol Massar and Tim Stenovec.
- Kenvue (KVUE) shares bounced around as investors reacted to President Donald Trump's warning against the use of Tylenol for pregnant women. The doctors at the Peachtree Women’s Specialists OB-GYN practice in Atlanta began their Tuesday morning fielding a barrage of questions from patients asking if Tylenol was safe for them to take. The night before President Donald Trump had launched into a tirade about the medication long recommended during pregnancy to treat fevers and aches and pains. He and Health and Human Services Secretary Robert F. Kennedy Jr. amplified unproven links between Tylenol and autism, with Trump urging pregnant people to instead “tough it out,” rather than take the drug.
- SoundHound (SOUN) shares rose after it announced a new partnership with Red Lobster.
- Micron (MU) shares rose after the closing bell after it announced an upbeat forecast for the current quarter. The largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal first-quarter revenue will be roughly $12.5 billion, the company said in a statement Tuesday. Analysts had estimated $11.9 billion on average. Excluding some items, profit will be about $3.75 a share, compared with a projection of $3.05.

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On this episode of Stock Movers:

• Boeing (BA) shares rose on word that the US and China are in the final stages of negotiations for a “huge” Boeing Co. aircraft order, US Ambassador to China David Perdue said, as the two nations look to thaw frosty ties and work toward a trade deal. While Perdue didn’t offer details on the size of the potential order, his comments at a briefing in Beijing alongside a visiting delegation of US lawmakers indicated that the deal will be locked in swiftly. “This is a huge order, and it’s very important to the president. Very important for Boeing. I think it’s very important to China,” he said Tuesday. “I think that we’re in the last days of that, weeks of that negotiation, and we’re hopeful that that will turn out to be the case.”
• Kevue (KVUE) shares bounced around as traders tried to decide what to make of the US government's warning against the use of Tylenol for pregnant women.  The doctors at the Peachtree Women’s Specialists OB-GYN practice in Atlanta began their Tuesday morning fielding a barrage of questions from patients asking if Tylenol was safe for them to take. The night before President Donald Trump had launched into a tirade about the medication long recommended during pregnancy to treat fevers and aches and pains. He and Health and Human Services Secretary Robert F. Kennedy Jr. amplified unproven links between Tylenol and autism, with Trump urging pregnant people to instead “tough it out,” rather than take the drug. 
• Vistra (VST) shares slid after receiving a downgrade at Jefferies, which voiced concerns about the lack of announcement for a data center deal for its Comanche Peak nuclear power plant

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In this episode of Stock Movers:
- Sempra (SRE) climbed after the company agreed to sell a 45% equity stake in its infrastructure arm to affiliates of KKR and Canada Pension Plan Investment Board for $10 billion. The sale will help strengthen Sempra’s credit profile and improve its business mix with a goal of approximately 95% earnings from regulated US utilities. The deal is expected to close in the second or third quarter of 2026, subject to regulatory approvals.
- Boeing (BA) shares are rising after the planemaker secured an order from Uzbekistan Airways for as many as 22 787 Dreamliner jets. This comes as the US and China are weeks away from finalizing negotiations on a “huge” Boeing order, US Ambassador to China David Perdue said.
- Vistra (VST) slips after the power producer received a downgrade at Jefferies, which voiced concerns about the lack of announcement for a data center deal for its Comanche Peak nuclear power plant.

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On this episode of Stock Movers:
- Kenvue (KVUE) is recouping most on Monday’s drop, as President Trump’s call for pregnant women to avoid Tylenol draws sharp criticism from researchers who say the advice ignores decades of evidence and could endanger mothers and babies. "We believe independent, sound science clearly shows that taking acetaminophen does not cause autism,” Kenvue, a consumer health company whose brands include Tylenol, Listerine and Johnson’s, said in an emailed statement. Kenvue dropped 7.5% on Monday, extending YTD decline to 21%.
- Boeing (BA) is rising on news the US and China are in the final stages of negotiations for a "huge" Boeing aircraft order, according to US Ambassador to China David Perdue. Perdue said the deal is "very important to the president" and "very important to China", and that they are "hopeful that that will turn out to be the case" in the last days or weeks of negotiation.
- Firefly Aerospace (FLY) is falling after it reported second-quarter revenue of $15.5 million, compared to the $16.1 million expected on average by analysts. Firefly's shares fell 8.8% in US postmarket trading to $45.15 after the company announced its first quarterly earning results. Firefly expects 2025 full-year revenue to be between $133 million and $145 million.

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On this episode of Stock Movers:
- Kenvue (KVUE) is recouping most on Monday’s drop, as President Trump’s call for pregnant women to avoid Tylenol draws sharp criticism from researchers who say the advice ignores decades of evidence and could endanger mothers and babies. "We believe independent, sound science clearly shows that taking acetaminophen does not cause autism,” Kenvue, a consumer health company whose brands include Tylenol, Listerine and Johnson’s, said in an emailed statement. Kenvue dropped 7.5% on Monday, extending YTD decline to 21%.
- Boeing (BA) is rising on news the US and China are in the final stages of negotiations for a "huge" Boeing aircraft order, according to US Ambassador to China David Perdue. Perdue said the deal is "very important to the president" and "very important to China", and that they are "hopeful that that will turn out to be the case" in the last days or weeks of negotiation.
- Firefly Aerospace (FLY) is falling after it reported second-quarter revenue of $15.5 million, compared to the $16.1 million expected on average by analysts. Firefly's shares fell 8.8% in US postmarket trading to $45.15 after the company announced its first quarterly earning results. Firefly expects 2025 full-year revenue to be between $133 million and $145 million.
- Better Homes (BETR) is extending gains early Tuesday, with shares up double digits in premarket trading. The stock surged 47% on Monday, to close at the highest level since August 2023.

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On this episode of Stock Movers:
- Orsted shares surged after a US judge ruled construction can continue on a nearly completed wind farm off the coast of Rhode Island.
-  Heineken said it will acquire Florida Ice and Farm Company’s beverage and retail businesses in a $3.2 billion cash deal, strengthening its position across Central America.
- ASM International's shares dropped after it cut its outlook for second-half revenue, citing lower-than-anticipated demand from some of its clients.

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On this episode of Stock Movers:
- Disney (DIS) said Jimmy Kimmel Live! will return to the air on Tuesday, ending a suspension imposed following controversial remarks the ABC late-night host made about the assassination of Republican activist Charlie Kirk. “We have spent the last days having thoughtful conversations with Jimmy, and after those conversations, we reached the decision to return the show on Tuesday,” Disney said in a statement. The stock fell as much as two percent in the session, but ended up in the red.
- Oracle (ORCL) accelerated its succession plans for top leadership in recent months following a massive acceleration in its cloud business and stock market rally. In June, the software giant promoted two executives — Clay Magouyrk and Mike Sicilia — to president. At that time, the plan was to eventually elevate those leaders into co-CEO roles in a year or two, according to a person who asked not to be named discussing internal plans. The shares gained 6.3% to $328.15 at the close Monday in New York and have jumped 97% this year.
- Lennar (LEN) shares fell after Raymond James analyst Buck Horne cut the recommendation on the homebuilder to underperform from market perform following its quarterly report. He is now the lone bearish voice on the stock, according to data compiled by Bloomberg. 

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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, Matt Miller, Carol Massar and Tim Stenovec.

- Nvidia (NVDA) shares rallied on word it will invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run. The companies announced the agreement Monday, saying they’d signed a letter of intent for a strategic deal. The investment is meant to help OpenAI build data centers with a capacity of at least 10 gigawatts of power — equipped with Nvidia’s advanced chips to train and deploy AI models. Investors applauded the tie-up, sending Nvidia shares up 3.9% in New York trading. The stock has now gained about 37% this year, cementing the company’s status as the most valuable business on Earth.

- Oracle (ORCL) accelerated its succession plans for top leadership in recent months following a massive acceleration in its cloud business and stock market rally. In June, the software giant promoted two executives — Clay Magouyrk and Mike Sicilia — to president. At that time, the plan was to eventually elevate those leaders into co-CEO roles in a year or two, according to a person who asked not to be named discussing internal plans. The shares gained 6.3% to $328.15 at the close Monday in New York and have jumped 97% this year.

- Kenvue (KVUE) shares dropped to a record low today on the Washington Post's reporting that the President was planning to link its Tylenol brand of medication to autism. After the closing bell, President Trump did make the announcement, saying that pregnant women should avoid taking Tylenol due to a reported link between the active ingredient in the medication and autism.

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On this edition of Stock Movers:

- Shares of Nvidia (NVDA) popped today after the company announced that they will invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run. The companies announced the agreement Monday, saying they’d signed a letter of intent for a strategic deal. The investment is meant to help OpenAI build data centers with a capacity of at least 10 gigawatts of power — equipped with Nvidia’s advanced chips to train and deploy AI models. Investors applauded the tie-up, sending Nvidia shares up as much as 4.5% in New York trading. The shares have now gained about 36% this year, cementing the company’s status as the most valuable business on Earth. OpenAI, meanwhile, is the world’s biggest tech startup, with a valuation of $500 billion.

- Oracle (ORCL) shares soared today after it was confirmed by the White House that they would provide security and help oversee the re-creation of a new US version of TikTok’s algorithm under a deal taking shape to sell the popular Chinese-owned app to a consortium of American investors. The arrangement, outlined by the White House official on Monday, seeks to ensure that the American buyers control TikTok’s recommendation software in the US following a divestiture by its Chinese parent, ByteDance Ltd. Owners of the US-based TikTok would lease a copy of the algorithm from ByteDance that would then be retrained “from the ground up” with Oracle’s oversight, according to the official. Data from US users would be stored in a secure cloud managed by Oracle with controls established to keep out foreign adversaries, including China, the official said. Beijing-based ByteDance would not have access to information on TikTok’s US subscribers, nor would it have any control over the algorithm in the US, the official said.

- Shares of Better Home & Finance Holding Co. (BETR) soared after Eric Jackson said his hedge fund had bet on the stock, echoing the retail-driven rally he kicked off in Opendoor Technologies Inc. in July. Shares of the online mortgage company known as Better rose as much as 176% on Monday, triggering multiple halts for volatility, before paring gains to 47%. They’ve now gained more than 450% so far this year. In series of posts on the social-media site X, Jackson called the stock a “350-bagger,” meaning he sees the shares hitting around $12,000 apiece in two years versus a close of $34.09 on Friday. That would give the company, worth about $521 million at the end of last week, a market value over $180 billion. He said his fund, EMJ Capital, was long the stock.

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