Stock Movers

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.

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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.

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On this edition of Stock Movers:

- Walmart (WMT) shares fell after profit missed expectations for the first time in three years, overshadowing higher sales. Adjusted earnings per share came in at 68 cents for the second quarter, six cents lower than what Wall Street expected. The world’s largest retailer cited a rise in insurance claims, legal charges and restructuring costs as factors weighing down its profit. Walmart shares dropped as much as 4.4% in New York trading at 9:31 a.m., their biggest decline since May 15. Through Wednesday’s close, the stock had gained nearly 14% this year, outpacing the 8.7% advance of the S&P 500 Index.

- 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. Dayforce shares rose as much as 3.9% in premarket trading in New York on Thursday to hit the offer price, before giving up some of the gains. The stock closed the previous session roughly 3% higher at $67.40, giving the company a market value of about $10.8 billion.

- The slide in Cracker Barrel Old Country Store Inc.'s (CBRL) shares deepened today as a conservative backlash to the restaurant chain’s logo change intensified across social media. Shares of the Southern-inspired casual dining operator, known for its homestyle cooking, fell as much as 15% as negative posts, including one from Donald Trump Jr. after the market close the prior session, flooded X. The notable drop follows Cracker Barrel’s announcement Tuesday that it would be removing the image of an old man leaning against a barrel from its logo, leaving just the words Cracker Barrel. The stock pared losses to end the session down 7.2% — the fifth consecutive day of declines.

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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, Scarlet Fu, Tim Stenovec and Norah Mulinda.

- Paramount Skydance (PSKY) shares rallied 14% rally for newly-merged media company Paramount Skydance topped the S&P 500 leaderboard on Thursday. Shares have been volatile since trading launched, surging some 36% in just a few weeks.

- Zoom (ZM) 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. Revenue will be about $4.83 billion in the fiscal year ending in January, Zoom said Thursday in a statement. Profit, excluding some items, will be $5.81 a share to $5.84 a share. Analysts, on average, projected sales of $4.81 billion and earnings of $5.60 a share.

- Walmart (WMT) hares fell after profit missed expectations for the first time in three years, overshadowing higher sales. Adjusted earnings per share came in at 68 cents for the second quarter, six cents lower than what Wall Street expected. The world’s largest retailer cited a rise in insurance claims, legal charges and restructuring costs as factors weighing down its profit. Through Wednesday’s close, the stock had gained nearly 14% this year, outpacing the 8.7% advance of the S&P 500 Index.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Walmart (WMT) shares fell after profit missed expectations for the first time in three years, overshadowing higher sales. Adjusted earnings per share came in at 68 cents for the second quarter, six cents lower than what Wall Street expected. The world’s largest retailer cited a rise in insurance claims, legal charges and restructuring costs as factors weighing down its profit. Claims, which include general liability and workers’ compensation expenses, particularly dragged down earnings as the costs of settling or going to court have risen. The number of incidents has declined, and these charges are expected to moderate as the year progresses.

- Coty (COTY) slumped after forecasting steep sales declines will continue as retailers clear out existing inventory and consumer demand remains tepid in the face of an uncertain economic outlook. Shares sank the most since 2020, wiping off as much as $968 million in market value. The struggles come at the end of a five-year turnaround initiative aimed at reinvigorating growth and amid reports that the company is contemplating selling off its high-end brands to peer Interparfums Inc. The lower-end brands, which include Covergirl and Rimmel cosmetics alongside fragrances for Adidas and Nautica, could also be sold in a separate transaction, Women’s Wear Daily said in June.

- A slide in shares of Cracker Barrel (CBRL) deepened on Thursday as a conservative backlash to the restaurant chain’s logo change intensified across social media. Shares of the Southern-inspired casual dining operator, known for its homestyle cooking, fell as as much as 15% as negative posts, including one from Donald Trump Jr. after the market close the prior session, flooded X. The notable drop follows Cracker Barrel’s announcement Tuesday that it would be removing the image of an old man leaning against a barrel from its logo, leaving just the words Cracker Barrel.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Walmart (WMT) shares fell after its' profit missed expectations for the first time in three years, due to a rise in insurance claims, legal charges and restructuring costs. Walmart raised its full-year sales guidance, with Chief Financial Officer John David Rainey saying "the consumer is resilient" and that the company continues to gain market share across all income levels.
- Coty (COTY) shares tumble in biggest intraday drop since March 2020, after the personal care products company forecast steep sales declines and reported a wider-than-expected loss for the fourth quarter.
- CoreWeave (CRWV) shares rise after the company was raised to buy from neutral at Arete Research and HC Wainwright & Co. as they see the cloud-software company’s recent selling pressure decreasing and see opportunities for growth.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Walmart (WMT) shares fell after it's profit missed expectations for the first time in three years, due to a rise in insurance claims, legal charges and restructuring costs. Walmart raised its full-year sales guidance, with Chief Financial Officer John David Rainey saying "the consumer is resilient" and that the company continues to gain market share across all income levels.
- Boeing (BA) shares jump as the company is heading closer toward finalizing a deal with China to sell as many as 500 aircraft, according to people familiar with the matter. It's a transaction that would end a sales drought that stretches back to US President Donald Trump’s last visit in 2017.
- Palantir (PLTR) shares are down. Palntir's six-session stock-market losing streak has wiped out $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.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Walmart (WMT) is lower this morning as profit missed expectations due to a rise in insurance claims, legal charges, and restructuring costs. The company raised its full-year sales guidance, expecting net sales to rise 3.75% to 4.75% this year, and lifted its adjusted earnings guidance for the year. CFO John David Rainey said "the consumer is resilient" and that Walmart continues to gain market share across all income levels, especially wealthier shoppers.
- Palantir (PLTR) shares are rebounding after reading a tech decline this week following a run of selling in big tech as traders remain guarded ahead of the Federal Reserve’s gathering at Jackson Hole. The shares are down approximately 14% in the past five days and rose 4.4% in the past 30 days. Its six-session losing streak has wiped out $73 billion in market value.
- Coty Inc (COTY) is lower as the compnay forecasts steep sales declines will continue as retailers clear out existing inventory and consumer demand remains tepid. The company expects like-for-like sales to fall between 6% and 8% in the current quarter, and further declines of as much as 5% in the second fiscal quarter. Coty sees "gradual improvements" in sales trends for both high- and low-end divisions beginning in the January-to-June period, driven by "major" product launches and geographic expansion.
- Boeing (BA) is spiking on news it is heading closer to finalizing a deal with China to sell as many as 500 aircraft, according to people familiar with the matter. The mega sale to China is contingent on the two nations diffusing the trade hostilities that hark back to US President Donald Trump’s first term in office — and could still fall apart, they said.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Palantir (PLTR) shares are rebounding after reading a tech decline this week following a run of selling in big tech as traders remain guarded ahead of the Federal Reserve’s gathering at Jackson Hole. The shares are down approximately 14% in the past five days and rose 4.4% in the past 30 days. Its six-session losing streak has wiped out $73 billion in market value.
- Coty Inc (COTY) is lower as the compnay forecasts steep sales declines will continue as retailers clear out existing inventory and consumer demand remains tepid. The company expects like-for-like sales to fall between 6% and 8% in the current quarter, and further declines of as much as 5% in the second fiscal quarter. Coty sees "gradual improvements" in sales trends for both high- and low-end divisions beginning in the January-to-June period, driven by "major" product launches and geographic expansion.
- Hewlett Packard Enterprise Co (HPE) is higher after it was raised to overweight from equal-weight at Morgan Stanley as analysts note that recently-closed Juniper deal will be an earnings upside. Analyst Erik Woodring says looking forward HPE’s Analyst Day is the most important upcoming catalyst “given we are likely to get longer-term forecasts that could help the market more clearly appreciate HPE’s future earnings/cash flow power.”
- Boeing (BA) is spiking on news it is heading closer to finalizing a deal with China to sell as many as 500 aircraft, according to people familiar with the matter. The mega sale to China is contingent on the two nations diffusing the trade hostilities that hark back to US President Donald Trump’s first term in office — and could still fall apart, they said.

See omnystudio.com/listener for privacy information.