Stock Movers

On this edition of Stock Movers:

- Hershey (HSY) shares climbed today after Goldman Sachs wrote in a note saying the chocolate maker's market-share trends are improving, and there are incremental tailwinds ahead for the chocolate and confectionery company, Goldman Sachs writes in note as double-upgrades to buy. Analyst Leah Jordan says Hershey has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26. Cost pressures from tariffs and price of cocoa are well understood and now reflected in expectations, which leaves a more compelling risk profile. Previous negative view on the company had been mainly based on market-share losses in US, but trends are showing some signs of improvement.

- Hims & Hers Health (HIMS) shares slid today after the FDA sent a warning letter to the telehealth platform, saying the company’s claims about compounded semaglutide products on their website are false or misleading.

- Warner Bros. Discovery (WBD) shares fell as TD Cowen downgraded to hold from buy after the stock rallied even as Paramount is still to make an official offer. Analyst Douglas Creutz says the stock has surged “well beyond our $14 price target following last week’s unsubstantiated report that Paramount Skydance may be considering a bid for the company” “While PSKY may come in with a $20+ bid, we don’t love the risk-reward here given the potential for WBD shares to quickly round-trip to $11-$12 if the bid doesn’t materialize”. Downgrade reflects “the speculative nature of the current rally and the elevated risk profile at these levels”.

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On this episode of Stock Movers:

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- Oracle (ORCL) shares rose today. TikTok’s American operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week. The tentative agreement, unveiled on Monday by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app with Oracle, Andreessen and Silver Lake all holding stakes in the new venture, according to people familiar with the matter. Under the deal, ByteDance Ltd.’s stake in TikTok would be reduced to below 20% to satisfy a US national security law passed in 2024 requiring the Beijing-based company to divest or face a ban in the American market. If completed, with the blessing of Trump and Xi, the transaction would allow the video-sharing platform to keep operating in the US and remove a sticking point in US-China relations.

- Ralph Lauren (RL) shares dropped today after the apparel company sees revenue growth remaining similar to recent rates over the next three years. The New York-based retailer is projecting sales to grow at a mid-single-digit percentage annually through fiscal 2028, according to a statement Tuesday. That’s roughly in-line with estimates from analysts compiled by Bloomberg. But it’s also slower growth than the company has posted in recent quarters.

- The New York Times (NYT) shares are down today. President Trump filed a $15 billion defamation suit against the Times and Penguin Random House LLC, accusing the paper of serving as a “mouthpiece” for the Democrats.

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On this edition of Stock Movers:

- Oracle (ORCL) shares climbed today on news that negotiations over the future of TikTok are progressing, relieving some uncertainty around one of the software company’s key customers. TikTok has been in limbo since the US decided to ban the app unless its Chinese owner divested it. President Donald Trump is scheduled to speak with Chinese President Xi Jinping on Friday after leaders from the two countries said a framework to keep the US app running was reached. Also, the Wall Street Journal reports that TikTok’s U.S. business would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz under a framework the U.S. and China are finalizing.

- United Airlines (UAL) shares are down at the moment. However, Chief Executive Scott Kirby says improving travel demand going into the fall indicates the economy is stronger than statistics show. Airline demand is a “good, real time indicator” of what’s going on in the country, Kirby said at an event Tuesday near Newark airport.

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On this episode of Stock Movers:
- Oracle said it will keep TikTok cloud deal under a new agreement that could close within the next 30 to 45 days. Treasury Secretary Scott Bessent said earlier on CNBC that he anticipates that President Trump and Chinese President Xi will agree on a final TikTok deal during their phone call on Friday. Bloomberg Intelligence: Oracle will likely restrict its role to providing cloud services and ensuring that no TikTok data flows back to China under any potential US-China agreement tied to a deal. We see a low likelihood of an equity investment in this potential involvement, given Oracle's substantial capital commitments to expand its cloud services to meet high AI cloud infrastructure demand. Oracle's potential participation in a deal was first reported by CBS. 

Hershey (HSY) has double upgraded to Buy at Goldman Sachs. It's now rated a buy, and price target at $222, implies a 20% increase from Monday’s close. Goldman: Market-share trends are improving, and there are incremental tailwinds ahead; has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26; Cost pressures from tariffs and price of cocoa are well understood and now reflected in expectations, which leaves a more compelling risk profile 

Warner Bros Discovery (-6%)
TD Cowen downgraded the stock to hold from buy. Analyst says the stock has surged “well beyond our $14 price target following last week’s unsubstantiated report that Paramount Skydance may be considering a bid for the company”. Senator Elizabeth Warren weighs in on X, saying any proposed deal should be blocked -- "This deal would be a dangerous concentration of power over our media and news."

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On this episode of Stock Movers:
- President Donald Trump filed a $15 billion defamation lawsuit against The New York Times (NYT) accusing the paper of serving as a “mouthpiece” for the Democrats. The New York Times said in a statement that the lawsuit “has no merit” and “is an attempt to stifle and discourage independent reporting”. The lawsuit cites the Times’ news and opinion articles, as well as a book written by two of the paper’s reporters, as part of a “decades-long pattern” of intentional and malicious defamation against President Trump.
- Oracle (ORCL) shares extended their climb in premarket trading to as much as 5.7% after CBS News reported that the software giant is among a consortium of firms that would enable TikTok to continue operations in the US if a framework deal is finalized. Structure of the final deal is unclear but will include multiple companies, CBS News reports, citing unidentified people with knowledge of the negotiations.
-Shares of Webtoon Entertainment Inc (WBTN) rose sharply in pre-market trading after announcing a partnership with The Walt Disney company to build a digital comics platform that will bring together decades of Marvel, Star Wars, Pixar and Disney titles.

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On this episode of Stock Movers:

- Oracle said it will keep TikTok cloud deal under a new agreement that could close within the next 30 to 45 days. Treasury Secretary Scott Bessent said earlier on CNBC that he anticipates that President Trump and Chinese President Xi will agree on a final TikTok deal during their phone call on Friday. Bloomberg Intelligence: Oracle will likely restrict its role to providing cloud services and ensuring that no TikTok data flows back to China under any potential US-China agreement tied to a deal. We see a low likelihood of an equity investment in this potential involvement, given Oracle's substantial capital commitments to expand its cloud services to meet high AI cloud infrastructure demand. Oracle's potential participation in a deal was first reported by CBS. 

- Hershey )HSY) has double upgraded to Buy at Goldman Sachs. It's now rated a buy, and price target at $222, implies a 20% increase from Monday’s close. Goldman: Market-share trends are improving, and there are incremental tailwinds ahead; has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26; Cost pressures from tariffs and price of cocoa are well understood and now reflected in expectations, which leaves a more compelling risk profile

Warner Bros Discovery (-6%)TD Cowen downgraded the stock to hold from buy. Analyst says the stock has surged “well beyond our $14 price target following last week’s unsubstantiated report that Paramount Skydance may be considering a bid for the company”. Senator Elizabeth Warren weighs in on X, saying any proposed deal should be blocked -- "This deal would be a dangerous concentration of power over our media and news."

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On this episode of Stock Movers:
- Tesla (TSLA) is higher and pairing early gains after US auto safety regulators opened an investigation into Tesla Inc. doors, citing incidents in which exterior door handles stopped working and trapped children inside. The National Highway Traffic Safety Administration's investigation is focused on the operability of the electronic door locks from outside of the vehicle as that circumstance is the only one in which there is no manual way to open the door.
- Oracle (ORCL) is higher on a CBS report that the company could provide AI infrastructure ands support on a US-TikTok deal. US and Chinese representatives discussed TikTok, trade and the economy during high-level talks. The talks included national security issues and the status of ByteDance Ltd.'s TikTok, which faces a deadline to reach a deal to continue operations in the US.
- Dave & Buster's Entertainment (PLAY) is in decline after the restaurant operator reported adjusted earnings per share and revenue for the second quarter that came in well below the average analyst estimate. Analysts cut their estimates and price targets on the stock.
- Webtoon Entertainment (WBTN) jumped after news Walt Disney is bringing its marquee comics to a new digital platform and app in partnership with Webtoon. Disney announced it plans to acquire a 2% equity interest in Webtoon as part of a deepening partnership between the two companies to build the new service.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Oracle (ORCL) is higher on a CBS report that the company could provide AI infrastructure ands support on a US-TikTok deal. US and Chinese representatives discussed TikTok, trade and the economy during high-level talks. The talks included national security issues and the status of ByteDance Ltd.'s TikTok, which faces a deadline to reach a deal to continue operations in the US.
- Hershey Co. (HSY) is rising this morning after a Goldman Sachs wrote in a note Hershey’s market-share trends are improving, and there are incremental tailwinds ahead for the chocolate and confectionery company. Analyst Leah Jordan says Hershey has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26.
- Dave & Buster's Entertainment (PLAY) is in decline after the restaurant operator reported adjusted earnings per share and revenue for the second quarter that came in well below the average analyst estimate. Analysts cut their estimates and price targets on the stock.
- Webtoon Entertainment (WBTN) jumped after news Walt Disney is bringing its marquee comics to a new digital platform and app in partnership with Webtoon. Disney announced it plans to acquire a 2% equity interest in Webtoon as part of a deepening partnership between the two companies to build the new service.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Trustpilot reported revenue for the first half-year that beat the average analyst estimate.
- Analysts including Harry Gowers cut EasyJet to neutral, establish a Street-low price target and place the carrier on a negative catalyst watch into its FY results on November 25th
- Jefferies downgrades L’Oreal to underperform and Beiersdorf to hold, saying that perceptions of medium-term growth rates are likely to fade over coming quarters.

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On this edition of Stock Movers:

- Corteva (CTVA) shares fell today as Wall Street analysts find a potential breakup of the company’s seed and pesticide businesses negative for the firm. Bloomberg Intelligence says a breakup undermines “product and financial logic” while Bank of America says a separation would create two weaker entities.

- CoreWeave shares jumped after the company said its shareholder Nvidia Corp. has agreed to buy cloud services valued at $6.3 billion, part of that company’s push to speed up the adoption of artificial intelligence across the economy. The deal, first announced in April 2023, runs through 2032 and requires Nvidia to buy any excess capacity not used by its customers, CoreWeave said in a regulatory filing on Monday. Nvidia said the agreement guarantees AI computing capacity will be in place when needed. “Industrywide demand for AI infrastructure continues to grow, yet building large-scale data-center capacity typically requires long lead times and four- to six-year customer commitments,” Nvidia said in an emailed statement. “To support startups and small to midsized companies, Nvidia and CoreWeave are proactively building data center infrastructure and provisioning data-center capacity to meet evolving capital needs.”

- Google parent Alphabet (GOOGL) shares gained today after the search giant joined an elite group of companies valued at more than $3 trillion, the latest sign of improving investor sentiment toward the Google parent. Shares rose 4.5% to $251.61, resulting in a market capitalization of $3.04 trillion. The stock has soared more than 70% from its April low, adding roughly $1.2 trillion in value over that span. Alphabet joins a short list of companies valued at more than $3 trillion, with Nvidia Corp., Microsoft Corp. and Apple Inc. the only other publicly traded stocks above that level.

- Tesla (TSLA) shares rallied today after Elon Musk responded to an unprecedented pay proposal from Tesla Inc.’s board by buying about $1 billion worth of shares, sending the carmaker’s stock soaring into positive territory for the year.The billionaire bought the shares indirectly through a revocable trust on Sept. 12, according to a regulatory filing released Monday. The purchase coincided with Tesla Chair Robyn Denholm speaking with reporters about the merits of awarding Musk around $1 trillion worth of stock if the company achieves a series of ambitious market value and performance milestones.

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