Stock Movers

On this episode of Stock Movers:
- Super Micro Computer (SMCI) shares rose after the server company announced the availability of its Nvidia Blackwell Ultra solutions.
-Tesla (TSLA) shares are up. Tesla is attempting to pivot from electric vehicles toward humanoid robots, amid investor skepticism about stagnating sales
- Six Flags (FUN) shares jump after the theme-park operator reiterated its full-year adjusted Ebitda guidance and noted strong early pass sales for 2026.

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On this episode of Stock Movers:
- Warner Bros. Discovery (WBD) shares climb after Paramount Skydance, the Hollywood studio taken over by independent filmmaker David Ellison, was said to be preparing a bid for the company. Meanwhile, shares in Paramount rise 2%.
- Adobe (ADBE) shares rise after the maker of software for creative professionals reported third-quarter results that beat expectations and raised its full-year forecast on key metrics. Analysts cited annual recurring revenue (ARR) as a highlight, and the report was seen as easing concerns about competition from AI.
- RH (RH) shares slide after the upscale furniture retailer cut its revenue forecast for the full year amid mounting impacts from new US tariffs and the delay of its seasonal catalog. Chief Executive Officer Gary Friedman told analysts that the industry needs to offer discounts to stay afloat due to the weak housing market.

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On this episode of Stock Movers:
- OpenAI said it’s closer to converting into a more traditional for-profit company — nearing the resolution of painful negotiations with top shareholder Microsoft (MSFT) and outlining terms of at least $100 billion in equity for its nonprofit arm.
- Adobe (ADBE) shares rise after the maker of software for creative professionals reported third-quarter results that beat expectations and raised its full-year forecast on key metrics. Analysts cited annual recurring revenue (ARR) as a highlight, and the report was seen as easing concerns about competition from AI.
- Luxury furniture company RH (RH) slumped in late trading after cutting its sales outlook for the full year, citing mounting impacts from new US tariffs that resulted in delays to a seasonal catalog.

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On this episode of Stock Movers:

- Ocado shares tumbled by the most since February after a major US partner questioned the future of its warehouse networking, raising concerns that it could close existing sites as it looks to cut costs.
- Fresnillo and other European miners are outperforming on Friday thanks to a broad rise in metal prices, with gold, copper, aluminum and nickel all gaining ground.
- Novartis shares drop as much as 2.9% after the stock was downgraded to sell from neutral at Goldman Sachs. The analysts say the Swiss drugmaker’s valuation looks “stretched”.

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On this edition of Stock Movers:

- Duolingo (DUOL) shares were up and down today after reports that Apple's new AirPods will be able to translate conversations in real time.

- Netflix (NFLX) shares dropped. The stock reacted to the announcement that Paramount Skydance is preparing a cash offer to acquire rival Warner Brothers Discovery.

- Shares of Adobe (ADBE) rose today after the company gave a strong quarterly revenue outlook, suggesting that the software maker is seeing a payoff from its investment in AI features. Sales will be about $6.08 billion to $6.13 billion in the period ending in November, the company said Thursday in a statement. Analysts, on average, estimated a number at the bottom of that range. Profit, excluding some items, will be $5.35 to $5.40 a share, excluding some items, compared with the average projection of $5.33. Adobe has worked to weave artificial intelligence features, often based on its own generative models, into its industry-standard products like Photoshop.

- Figure Technology Solutions (FIGR) shares closed 24% above their IPO price after a listing raising $787.5 million, as the blockchain-based credit company joined a cohort of crypto firms in embracing public markets. Figure’s shares closed at $31.11 each in New York on Thursday, above the IPO price of $25 apiece. The trading gives the company a market value of around $6.6 billion, based on the outstanding shares. A 2021 venture-backed funding round valued the company at $3.2 billion. The company went public in what’s set to be the US market’s busiest week of the year in terms of IPO volume, according to data compiled by Bloomberg. The forthcoming deals include Cameron and Tyler Winklevoss’ crypto exchange Gemini Space Station Inc., which prices Thursday. “Blockchain is a democratization of financial services,” Mike Cagney, Figure’s co-founder, said in a Bloomberg Television interview Thursday. As for the importance of individual investors in the offering, Cagney said the firm “gave retail one of the largest allocations anyone has ever done.”

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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.

- Micron (MU) shares rose the most in four months after analysts touted the chipmaker’s growth potential in the data center market, where artificial intelligence services have stoked demand. Micron, the largest US maker of memory chips, is benefiting from higher-than-anticipated demand that is outstripping production, Danely said. That’s particularly true in the data center area, which accounts for more than half of Micron’s revenue, he said. 

- Opendoor (OPEN) shares surged 80% Thursday after announcing the return of its co-founders to the board and a new chief executive officer. The advance marks the biggest one-day gain for the home-flipper turned meme stock on record — continuing its blistering 1,250% run up since mid-July — after the real estate company said co-founders Keith Rabois and Eric Wu will rejoin the board and named Shopify Inc.’s Kaz Nejatian CEO. “It’s everything I could’ve asked for and more. It’s a dream team,” said Toronto-based hedge fund manager Eric Jackson of EMJ Capital Ltd., who had bought Opendoor shares at around 70 cents, in an interview. The stock closed at $10.52 on Thursday. 

- Adobe (ADBE) gave a strong quarterly revenue outlook, suggesting that the software maker is seeing a payoff from its investment in AI features.Sales will be about $6.08 billion to $6.13 billion in the period running through November, the company said Thursday in a statement. Analysts, on average, estimated a number at the bottom of that range. Profit, excluding some items, will be $5.35 to $5.40 a share, excluding some items, compared with the average projection of $5.33. The San Jose, California-based company also boosted its annual forecast.  Adobe has worked to weave artificial intelligence features, often based on its own generative models, into the company’s industry-standard products like Photoshop. That’s now helping spur growth. Shares initially rose in postmarket trading.

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On this edition of Stock Movers:

- Figure Technology (FIGR) shares opened 44% above their IPO price after a listing raising $787.5 million. The blockchain-based credit company joins a cohort of crypto firms in embracing public markets. Figure’s shares opened at $36 each in New York, above its IPO price of $25 apiece. The opening price gives the company a market value of around $7.6 billion, based on the outstanding shares. A 2021 venture-backed funding round valued the company at $3.2 billion. The company is going public in what’s set to be the US market’s busiest week of the year in terms of IPO volume, according to data compiled by Bloomberg. The forthcoming deals include Cameron and Tyler Winklevoss’ crypto exchange Gemini Space Station Inc., which prices Thursday. “Blockchain is a democratization of financial services,” Mike Cagney, Figure’s co-founder, said in a Bloomberg Television interview Thursday. As for the importance of individual investors in the offering, Cagney said the firm “gave retail one of the largest allocations anyone has ever done.”

- Shares of Centene (CNC) surged today after the insurer said gave upbeat views of its Medicare quality ratings and costs in its Medicaid business, positive signs for the company’s turnaround. The preliminary look at the Medicare quality scores, known as star ratings, was in-line with the company’s expectations, with a slightly higher percentage of members in four-star plans that pay bonuses, Chief Executive Officer Sarah London said Thursday at a Deutsche Bank conference. Centene also said its Medicaid business was seeing cost improvements in the second half, according to a research note from Barclays analysts who called the update “better than feared.”

- Oracle (ORCL) shares dipped today. The database-software company rallied 36% yesterday to hit a record high after they reported stellar cloud demand numbers.

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On this episode of Stock Movers:
- Oracle (ORCL) shares drop after a historic day. Oracle's stock surged to a record in a four-day stretch of gains; adding $89 billion to Larry Ellison's coffers in one day.
- Centene (CNC) shares rise after the health insurer gave positive views of its Medicare Star ratings and said it expects costs improvement in its Medicaid business.
- UPS (UPS) shares fall after the stock was cut to underperform at Bank of America citing the end of the de minimis exemption; BofA also cut Fedex to neutral from buy.

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On this episode of Stock Movers:
- Oracle (ORCL) is higher in the premarket. It continues to surge after the company gave an aggressive outlook for its cloud business, cementing its place in the race to support demand for artificial intelligence computing. The company signed deals with major customers including OpenAI, Nvidia, and ByteDance's TikTok, helping boost remaining performance obligations to $455 billion at the end of the fiscal first quarter.
- Klarna (KLAR) is lower this morning after yesterday's huge IPO. Klarna's listing gave the company a market value of about $15.1 billion after the buy-now, pay-later company and some of its backers sold shares for $40 per share.
- Opendoor (OPEN) is rallying after the company said co-founders Keith Rabois and Eric Wu will rejoin the board and named Shopify’s Kaz Nejatian as chief executive officer.
- Amazon (AMZN) is higher after it was named a top pick at Morgan Stanley, which sees the company’s expansion in groceries “unlocking durably faster growth.” The grocery expansion is “a way for AMZN to drive higher utilization and purchase volume on its already leading logistics network and fleet,” and over the longer term, “capturing more consumer data in this critical grocery category (purchase behaviors, brand affinities, etc) is going to be important to AMZN’s efforts to create next generation agentic grocery offerings.”

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On this episode of Stock Movers:
- BAE Systems aims to be able to build one warship a year within two years, shaving six months off the current amount of time required to complete each vessel.
- Trainline shares gain as much as 15%, the most since December 2023, after the online ticket retailer reported first-half results including net ticket sales that beat estimates.
- Fever-tree reported adjusted Ebitda of £18.4 million for the first half-year that beat the average analyst estimate.

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