Stock Movers

On this episode of Stock Movers:

- Western Digital (WDC) rallied to be among the best performers in the S&P 500 this week after Morgan Stanley named the computer hardware and storage company its top pick, saying the shares “remain the most attractive short-and-longer-term investment opportunity in our Hardware coverage.”

- Broadcom (AVGO) had its biggest one-day stock rally since April on news of the chipmaker teaming up with OpenAI to make artificial intelligence accelerators, a lucrative area dominated by Nvidia Corp. As part of the agreement, Broadcom will help design and produce an accelerator chip that will start shipping in 2026. Chief Executive Officer Hock Tan first mentioned the arrangement Thursday without naming the customer. The client was later identified as OpenAI by people familiar with the matter, who asked to remain anonymous because the deal is private. Broadcom’s stock surged 9.4% to $334.89 in New York trading on Friday, adding $135 billion to the company’s market value.

- Lululemon (LULU)'s rough year continued as the once fast-growing apparel chain slashed its outlook on weakening demand and the Trump administration’s tougher trade policies. The retailer’s shares tumbled in Friday trading, deepening a decline this year that had already erased $22 billion in market value. The Vancouver-based company warned Thursday that it will take a $240 million hit from President Donald Trump’s decision to end the de minimis exemption. The policy had helped Lululemon ship many of its US e-commerce orders under $800 duty-free from Canada.

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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.

- Tesla (TSLA) proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion, a massive package without precedent in corporate America. The long-awaited proposal, designed to incentivize Musk to lead Tesla for years to come, sets a series of ambitious benchmarks he must meet to earn the full payout, including expanding Tesla’s nascent robotaxi business and growing the company’s market value to at least $8.5 trillion from about $1.1 trillion today. The plan spans 10 years. Shares of Tesla rallied.

- Broadcom (AVGO)s helping OpenAI design and produce an artificial intelligence accelerator that will ship starting in 2026, getting into a lucrative sphere dominated by Nvidia. The news sent Broadcom shares on their biggest intraday rally since April. Broadcom’s stock surged as much as 16% in New York trading on Friday, adding more than $200 billion to the company’s market value. Nvidia’s shares slipped as much as 4.4%, their biggest intraday decline since May.

- Lululemon (LULU) was hit with at least seven analyst downgrades in a single day as analysts say the upscale clothing retailer needs a “strategic pivot.” Shares hit their lowest level since the onset of the pandemic after the company slashed its outlook for both the third quarter and the full year, hurt by weak demand and a stricter trade regime under the Trump administration. The stock fell as much as 20%, touching the level it last traded in March 2020.

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On this episode of Stock Movers:

- Strategy (MSTR) shares rose as Crypto-linked stocks rose with Bitcoin and Ether prices as broader markets gain on hopes that US jobs data on would increase the chances of a Federal Reserve interest rate cut later this month.

- Broadcom (AVGO) shares rose after the company announced they would be helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia Corp.

- Lululemon (LULU) shares tumble after the company slashed its outlook due to weakening demand and the Trump administration's tougher trade policies. The retailer warned it will take a $240 million hit from President Donald Trump's decision to end the de minimis exemption and now projects lower sales for the third quarter.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Strategy (MSTR) shares rose as Crypto-linked stocks rose with Bitcoin and Ether prices as broader markets gain on hopes that US jobs data on would increase the chances of a Federal Reserve interest rate cut later this month.
- Karman Holdings (KRMN) shares rose after Raymond James started coverage on the defense company with a strong-buy rating and Street-high $100 price target.
- Lululemon (LULU) shares fell after the company slashed its outlook due to weakening demand and the Trump administration's tougher trade policies. The retailer warned it will take a $240 million hit from President Donald Trump's decision to end the de minimis exemption and now projects lower sales for the third quarter.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Lululemon (LULU) shares tumble after the company slashed its outlook due to weakening demand and the Trump administration's tougher trade policies. The retailer warned it will take a $240 million hit from President Donald Trump's decision to end the de minimis exemption and now projects lower sales for the third quarter.
- Broadcom (AVGO) shares rose after the company announced they would be helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia Corp.
- Lennar (LEN) shares rose after a weaker-than-expected jobs report prompted traders to fully price a rate cut by the Federal Reserve in less than two weeks.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Tesla (TSLA) shares are higher on news it proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion. The plan sets a series of ambitious benchmarks Musk must meet to earn the full payout, including expanding Tesla’s robotaxi business and growing the company’s market value to at least $8.5 trillion. The additional shares Musk could receive would push his stake in the electric-vehicle maker to at least 25%, according to the terms detailed in Tesla’s proxy filing.
- Broadcom (AVGO) shares rose after the chipmaker is said to be helping OpenAI design and produce an artificial intelligence accelerator from 2026. It also said that its artificial intelligence outlook will improve “significantly” in fiscal 2026, helping allay concerns about slowing growth.
- Nvidia (NVDA) shares are lower on the Broadcom news that it's helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia
- Lululemon (LULU) shares are lower after it slashed its outlook, disappointing investors for a third straight quarter as it struggles to meet high expectations and balance tariff expenses in a difficult consumer environment. The company warned that it will take a $240 million hit from President Trump’s decision to end the de minimis exemption, and lowered its revenue and earnings per share outlook for the full year.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Tesla (TSLA) shares are higher on news it proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion. The plan sets a series of ambitious benchmarks Musk must meet to earn the full payout, including expanding Tesla’s robotaxi business and growing the company’s market value to at least $8.5 trillion. The additional shares Musk could receive would push his stake in the electric-vehicle maker to at least 25%, according to the terms detailed in Tesla’s proxy filing.
- Broadcom (AVGO) shares rose after the chipmaker is said to be helping OpenAI design and produce an artificial intelligence accelerator from 2026. It also said that its artificial intelligence outlook will improve “significantly” in fiscal 2026, helping allay concerns about slowing growth.
- Nvidia (NVDA) shares are lower on the Broadcom news that it's helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia
- Lululemon (LULU) shares are lower after it slashed its outlook, disappointing investors for a third straight quarter as it struggles to meet high expectations and balance tariff expenses in a difficult consumer environment. The company warned that it will take a $240 million hit from President Trump’s decision to end the de minimis exemption, and lowered its revenue and earnings per share outlook for the full year.
- DocuSign (DOCU) is higher this morning after it boosted its billings guidance for the full year; the guidance beat the average analyst estimate. Also, Piper Sandler raised the firm's price target on DocuSign to $90 from $85 and keeps a Neutral rating on the shares.

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On this episode of Stock Movers:
- Temenos shares drop as much as 14%, the most since February 2024, after the Swiss banking software provider dismissed CEO Jean-Pierre Brulard, naming CFO Takis Spiliopoulos as his successor and interim CEO. ZKB says the dismissal adds uncertainty to the investment case.
- Orsted falls as much as 2.2% after the wind farm developer cut its Ebitda excluding items forecast for the full year.
- Hexagon gains as much as 7.4%, the most since July, after the Swedish industrial design and measurement firm announced it would sell its design and engineering (D&E) unit to Cadence Design Systems for €2.7 billion ($3.2 billion).

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On this edition of Stock Movers:

- Broadcom (AVGO) shares slipped after the chip supplier delivered a revenue forecast for the current period that failed to impress some investors, a sign they were anticipating a bigger payoff from the AI boom. Sales will be about $17.4 billion in the fiscal fourth quarter, which runs through October, the company said in a statement Thursday. Analysts had projected $17.05 billion on average, though some estimates topped $18 billion, according to data compiled by Bloomberg. Expectations were high heading into the earnings report. Broadcom shares more than doubled since hitting a low in April, adding about $730 billion to the company’s market value and making them the third-best performer in the Nasdaq 100 Index.

- Lululemon (LULU) shares fell sharply after its latest earnings report showed the yogawear retailer is struggling to pull out of a sales slump after years of rapid growth. The company slashed its outlook, projecting sales in the range of $2.47 billion to $2.5 billion for the third quarter, lower than Wall Street had anticipated. For the full year, Lululemon lowered its earnings per share outlook to $12.77 to $12.97, down from as much as $14.78. The retailer also reduced its outlook for full year net revenue, now expecting it to be between $10.85 billion and $11 billion, down from as much as $11.3 billion projected in the first quarter. Shares of Lululemon fell more than 13% at 4:20 p.m. in New York on Thursday. “We are disappointed with our U.S. business results and aspects of our product execution,” Chief Executive Officer Calvin McDonald said in a statement.

- American Eagle (AEO) shares soared after the apparel company reported higher-than-expected quarterly sales and cited the success of its marketing campaign featuring Sydney Sweeney. “In just six weeks, the campaign has generated unprecedented new customer acquisition,” Chief Marketing Officer Craig Brommers said in a call with analysts. He said the company gained new shoppers in “every single county in the US” and saw sellouts of Sweeney’s signature jeans. “This momentum is national and it is pervasive,” he said.

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On this edition of Stock Movers:

- Salesforce (CRM) shares slumped today after the company projected lackluster quarterly sales growth, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped in the face of competition from emerging AI companies. Revenue will be $10.2 billion to $10.3 billion in the period ending in October, the company said Wednesday in a statement. Analysts, on average, estimated $10.3 billion. Current remaining performance obligations, a measure of bookings, will increase “slightly above” 10%, in line with analysts’ average projections. Investors have been increasingly anxious that incumbent software makers will be outshined by new AI-based vendors. Companies like Salesforce, which make applications that are charged per user, have faced the steepest skepticism because of the view that AI will take over some of the tasks they provide and reduce the workforce of their customers.

- American Eagle (AEO) shares surged after the apparel company reported yesterday higher-than-expected quarterly sales and cited the success of its marketing campaign featuring Sydney Sweeney. “In just six weeks, the campaign has generated unprecedented new customer acquisition,” Chief Marketing Officer Craig Brommers said in a call with analysts. He said the company gained new shoppers in “every single county in the US” and saw sellouts of Sweeney’s signature jeans. "This momentum is national and it is pervasive,” he said. American Eagle shares gained as much as 34% on Thursday, the biggest intraday advance on record. The stock had declined 18% this year through Wednesday’s close. For the quarter ended Aug. 2, American Eagle reported same-store sales down 1%, surpassing the average analyst estimate compiled by Bloomberg. Revenue also outpaced expectations.

- T. Rowe Price (TROW) shares rallied today after Goldman Sachs said it will invest as much as $1 billion in the asset manager. The unusual arrangement means Goldman will use its balance sheet to hold equity in T. Rowe, whose stock has tumbled more than 50% from its 2021 peak. The companies will collaborate on a range of investments for retirement savers and wealthy investors, they said in an emailed statement. Goldman will make “a series of open-market purchases” to amass up to 3.5% of T. Rowe’s stock, potentially making the Wall Street bank one of its five biggest shareholders, according to the statement. It will be Goldman’s only investment in an outside asset management firm. The tie-up is the latest sign that the biggest financial firms are competing hard to win over wealthy Americans and those with 401(k) plans on the merits of private equity, credit and infrastructure strategies.

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