Stock Movers

On this episode of Stock Movers:

- Crescent Energy (CRGY) shares fell after the company agreed to buy Vital Energy in an all-stock transaction valued at about $3.1 billion, inclusive of Vital’s net debt. 

- Wayfair (W) shares drop after President Donald Trump announced Friday the U.S. would be launching an investigation into tariffs on furniture imports. 

- Netflix (NFLX) shares jump after KPop Demon Hunters, an animated musical, topped the US and Canadian box office during its two-day theatrical debut, a rare win at theaters for Netflix.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- RH (RH) shares fall after President Trump announced a “major” tariff investigation on furniture coming into the US.
- Keurig DR Pepper (KDP) shares tumble after the company agreed to buy JDE Peet’s for $18.4 billion to bolster its struggling coffee business before kicking off a split of its operations.
- Verint (VRNT) shares sink after Thoma Bravo agreed to buy Verint Systems for $1.23 billion in cash as the private equity firm builds out its software portfolio.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Keurig Dr Pepper (KDP) shares are lower after it agreed to buy JDE Peet’s NV for €15.7 billion to bolster its struggling coffee business. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement. Keurig Dr Pepper plans to separate its coffee and beverage units into two independent, US-listed companies once the deal is completed, with Chief Executive Officer Tim Cofer saying “We are seizing an exceptional opportunity to create a global coffee giant.”
- Orsted (DNNGY) fell to a record low after the Trump administration blocked construction of an almost-finished offshore wind farm. The company's management is meeting with investors and advisers to reassure them that the planned 60 billion kroner share sale will go ahead despite the growing crisis.
- Verint Systems (VRNT) is higher on news Thoma Bravo acquired the company. Verint shares jumped double digits in premarket trading on Monday, after Bloomberg News reported that the two were in talks in July.
- Wayfair (W) shares are declining along with furniture stocks after President Trump announced a “major” tariff investigation on furniture coming into the US. "Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined. This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,” the president said in a Truth Social post on Friday

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Keurig Dr Pepper (KDP) shares are lower after it agreed to buy JDE Peet’s NV for €15.7 billion to bolster its struggling coffee business. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement. Keurig Dr Pepper plans to separate its coffee and beverage units into two independent, US-listed companies once the deal is completed, with Chief Executive Officer Tim Cofer saying “We are seizing an exceptional opportunity to create a global coffee giant.”
- Intel (INTC) is higher after the US government said it will receive 433.3 million shares of common stock in Intel Corp., representing 9.9% of the fully diluted common shares, as part of an $8.9 billion investment. The investment is funded by grants from the US Chips and Science Act and Secure Enclave program, and the government will be a passive owner with no board seat or governance rights.
- Coinbase (COIN) is lower as risk off sentiment weighs on both crypto assets and chipmakers, including Advanced Micro Devices (AMD).

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Nvidia (NVDA) shares are down this week after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.

- Dayforce (DAY) shares are up after Thoma Bravo agreed to buy the human resources software provider in what is set to become one of the investment firm’s largest-ever deals. The private equity giant will pay $70 a share in cash for Minneapolis-based Dayforce, according to a statement Thursday. The price represents a roughly 32% premium to Dayforce’s stock price on Aug. 15, the last trading session before Bloomberg News reported that a deal was in the works. The deal values Dayforce at $12.3 billion including debt and includes a significant minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

- Palantir's (PLTR) losing streak came as investors shed some of the biggest tech stocks, wiping out more than $73 billion in market value. The drop has given short sellers more than $1.6 billion in profits, according to data from S3 Partners LLC. Short interest as a percentage of Palantir’s float has fallen to about 2.5% from nearly 5% a year ago, according to Matthew Unterman, managing director of S3 Partners LLC.

See omnystudio.com/listener for privacy information.

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 Caroline Hyde, Vonnie Quinn Tim Stenovec and Norah Mulinda.

- US banks were among several groups to surge following Federal Reserve chairman Jerome Powell's remarks at Jackson Hole. The KBW Bank Index jumped 3.2% closing at its first record since 2022.

- Zoom (ZM) shares soared after the company delivered a stronger-than-expected forecast, suggesting that customers are buying more of its expanded line of software products. The shares jumped 13% to $82.47 in New York on Friday, marking their biggest single-day gain since August 2024. The stock had been down 10% this year heading into the earnings report.

- Intuit (INTU) share sunk after the tax software company's tepid forecast overshadowed an otherwise strong fourth quarter report.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Intel (INTC) Intel shares extended gains to as much as 6.6% after President Donald Trump says Intel has agreed to give the US a 10% stake. “They’ve agreed to do it and I think it’s a great deal for them,” Trump told reporters Friday at the White House. Trump cast the agreement as one that would revitalize the company, saying that “Intel has been left behind” compared to competitors in the chipmaking industry, and that he had floated the idea when he met with Intel Chief Executive Officer Lip-Bu Tan earlier this month.

- Apple (AAPL) is in early discussions about using Google Gemini to power a revamped version of the Siri voice assistant, marking a key potential step toward outsourcing more of its artificial intelligence technology. The iPhone maker recently approached Alphabet’s Google to explore building a custom AI model that would serve as the foundation of the new Siri next year, according to people familiar with he matter. Google has started training a model that could run on Apple’s servers, said the people, who asked not to be identified because the discussions are private. Shares of Google and Apple both climbed to session highs on Friday after Bloomberg News reported on the discussions.

- Intuit (INTU) shares fell as much as 7.1% in early Friday trading, the most intraday since August 2024, after the tax software company’s tepid forecast overshadowed an otherwise strong fourth quarter report.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) shares are after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.
- Workday (WDAY) shares are lower after investors were left disappointed that the human-resources software company left its subscription revenue guidance unchanged, apart from a small boost from the Paradox acquisition. Analysts also flagged concerns around AI displacement continue to linger.
- Zoom (ZM) share are higher after it gave a stronger-than-expected annual outlook for sales growth and raised its fiscal-year forecast, suggesting customers are buying more of the company’s expanded line of software products. The company's fiscal second-quarter enterprise sales increased 7% to $730.7 million, and Zoom said it had 4,274 customers in the period who contributed more than $100,000 each over the past year.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nvidia (NVDA) shares are after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.
- BJ's Wholesale (BJ) fell after it reported fiscal second-quarter sales that came up short of expectations. The profit outlook for the wholesale retailer did improve. It boosted its adjusted earnings per share forecast for the full year.
- Ross Stores (ROST) jumped after projecting inflation will push more consumers to seek its off-price wares and deliver sales growth above expectations. CEO Jim Conroy said, “We anticipate pricing across retail will move higher as we progress through the year, which will lead consumers to seek more value this fall season.”
- Workday (WDAY) shares are lower after investors were left disappointed that the human-resources software company left its subscription revenue guidance unchanged, apart from a small boost from the Paradox acquisition. Analysts also flagged concerns around AI displacement continue to linger.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Shares in Renk are up by as much as 1.9% after being upgraded to neutral from sell at Citi, with the broker expecting the company to benefit from Germany’s increased defence spending.
- Shares in PKO fell by as much as 7.1%. Polish banks are among the worst performers in Europe after the country’s Finance Ministry announced plans to raise corporate taxes on lenders to help ease pressure on a strained budget.
- Akzo Nobel rose by as much as 4.9% after Cevian Capital acquired a 3.02% stake in the Dutch paintmaker, according to a filing with the Dutch financial markets authority AFM.

See omnystudio.com/listener for privacy information.