Stock Movers

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, Carol Massar and Matt Miller.

- Palantir (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial technology on its business.The data software company also raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion.Denver-based Palantir has seen its stock price surge more than 500% over the past year — buoyed by high expectations from investors, growth in demand for AI tools and a deep reach into both the private and public sectors. Shares rose in afterhours trading.

- Hims & Hers (HIMS) reported revenue for the second quarter that missed the average analyst estimate. The San Francisco-based company recorded sales of $545 million for the three months ended June 30, according to a statement, below Wall Street’s average estimate of $552 million. It reaffirmed its full-year revenue guidance of $2.3 billion to $2.4 billion. Shares dropped in post-market trading.

- ON Semi (ON) reported adjusted earnings per share for the second quarter that matched the average analyst estimate.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- American Eagle (AEO) shares surged after US President Donald Trump came out in support of a controversial ad from the company. The spot, with the actress Sydney Sweeney, is the “HOTTEST ad out there,” Trump said in a social media post. He added American Eagle jeans are “flying off the shelves.” Trump deleted an earlier post, in which the actress’ first name was misspelled The stock jumped as much as 18%, the biggest gain intraday since May 12. Through last week’s close, the shares had declined 36% this year. The apparel retailer launched an ad blitz in July with the tagline “Sydney Sweeney Has Great Jeans.” One of the campaign’s videos plays on the same-sounding word “genes” as Sweeney zips up her jeans and intones that “genes are passed down from parents to offspring often determining traits like hair color, personality and even eye color.” “My jeans are blue,” she adds, flashing her blue eyes at the camera.

- Joby Aviation (JOBY) said it plans to buy the helicopter rideshare business of Blade Air Mobility Inc. for as much as $125 million in stock or cash as the electric aviation firm seeks to expand its battery-powered air taxis into a ready-made market for its aircraft. The acquisition encompasses all of Blade’s passenger business, including operations in the US and Europe, as well as the Blade brand, Joby said in a statement, confirming an earlier report by Bloomberg. Blade’s medical division will remain a public company and rebrand, while partnering with Joby on medical transportation. Shares of Joby rose higher on the news.

- Opendoor (OPEN) are rallying after the digital real estate firm regained compliance with the Nasdaq exchange. Opendoor said on Friday it received written notice from the Nasdaq Stock Market the the firm “has regained compliance with Nasdaq’s minimum bid price requirement”.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- American Eagle (AEO) shares rise after resident Donald Trump posted that "Sydney Sweeney, a registered Republican, has the “HOTTEST” ad out there. It’s for American Eagle, and the jeans are “flying off the shelves.”
- Palantir (PLTR) shares gain. The data analytics company has earnings after the bell. BI noted that continued momentum in sales growth is needed to sustain Palantir's premium valuation among enterprise-software peers.
- Tesla (TSLA) shares rise after the company approved an interim stock award worth about $30 billion for Chief Executive Officer Elon Musk to keep his attention on the automaker.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Spotify (SPOT) shares rise after the company raised premium subscription prices across many markets outside the US. Last week, Spotify had a disappointing earnings release, showing a 2Q loss due to high-than-expected expenses related to employee compensation.
- Tyson Foods (TSN) shares gain. Tyson raised its earnings forecast after quarterly profit unexpectedly rose. A boom in US chicken continues to offset losses in the beef business. - Waifair (W) shares are up after a solid 2Q beat, with adj. EPS at 87c way above estimates for 33c. Bloomberg Intelligence says results suggest the worst is behind and the home-furnishing retailer may be on an upward trajectory.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Tesla (TSLA) share are higher as it approved an interim stock award of 96 million shares for Chief Executive Officer Elon Musk. The Tesla board emphasized the importance of retaining Musk at the helm, saying the reward was a first step 'good faith' payment to Musk. A special board committee has been exploring ways to offer Musk a new compensation agreement after his prior plan was voided by the Delaware Chancery Court.
- Berkshire Hathaway (BRK.B) shares are lower after Warren Buffett’s company took a $3.8 billion impairment on its Kraft Heinz stake. Bloomberg Intelligence analyst Matthew Palazola writes Berkshire Hathaway’s diversity of operations should allow it to withstand emerging headwinds from US trade policies, lower interest rates and revisions to federal energy tax policy.”
- Blade Air Mobility (BLDE) shares are higher on news Joby Aviation will acquire Blade Air Mobility’s urban air mobility passenger business for up to $125 million in stock or cash. The acquisition includes all of Blade’s passenger business, including operations in the US and Europe, as well as the Blade brand.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Berkshire Hathaway (BRK.B) shares are lower after Warren Buffett’s company took a $3.8 billion impairment on its Kraft Heinz stake. Bloomberg Intelligence analyst Matthew Palazola writes Berkshire Hathaway’s diversity of operations should allow it to withstand emerging headwinds from US trade policies, lower interest rates and revisions to federal energy tax policy.”

- Tesla (TSLA) share are higher as it approved an interim stock award of 96 million shares for Chief Executive Officer Elon Musk. The Tesla board emphasized the importance of retaining Musk at the helm, saying the reward was a first step 'good faith' payment to Musk. A special board committee has been exploring ways to offer Musk a new compensation agreement after his prior plan was voided by the Delaware Chancery Court.

- Boeing (BA) is lower after workers at Boeing's St. Louis-area defense factories are striking after union members rejected the company's modified contract offer. Tom Boelling, the union local's top official, said IAM District 837 members "deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense." Dan Gillian, a Boeing vice president, said the company is "prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers."

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Lindt shares fell 1.8% to 116,800 Swiss francs as traders had their first opportunity to react to US President Donald Trump’s punitive 39% export tariff on Switzerland.

- Lloyds rose 6.8% after they won a major reprieve in a pivotal UK car finance case. After markets closed on Friday, the Supreme Court agreed that banks should only pay compensation in the most serious cases of motor finance misselling, overturning most of a lower court ruling that last year had sent shares in affected banks spiraling.

- Air France-KLM was up 7.7% after it was raised to equal-weight at Barclays. It reported earnings that topped and sales that trailed estimates for the quarter on July 31.

See omnystudio.com/listener for privacy information.

Meta Platforms Inc. is taking advantage of its lucrative advertising business and stepping up spending next year, with executives saying now is the time to seize on investment opportunities in artificial intelligence.   

Investors cheered the plan, sending shares up as much as 12% to $779.34 after markets opened in New York on Thursday, marking a record high. The social media giant reported second-quarter earnings on Wednesday that beat Wall Street estimates and forecast better-than-expected results for the current quarter.   

For more on Meta's earnings, Paul Sweeney and Norah Mulinda speak with Bloomberg Tech Reporter Kurt Wagner.

See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:

- Carvana (CVNA) shares notched an all-time high this week — rising more than 10,000% from a low in late 2022 — and delivering a blow to investors betting against the online used-car dealer. The jump to record caps a roller-coaster ride for the stock that quickly became an investor darling after a public debut in 2017, but has also been plagued by criticisms ranging from claims that the company was overvalued and allegations of lax business practices. The latest gains came after the company’s blockbuster second-quarter results on Wednesday fueled expectations that a turnaround is taking hold at the embattled company.

- Microsoft (MSFT) has become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street’s expectations, sending the stock soaring Thursday. Shares of the technology behemoth jumped, pushing its market value to $4.1 trillion. Nvidia Corp. became the first company to hit the milestone earlier this month. The company’s latest results confirmed that it’s a leader in the artificial intelligence boom that’s lifted megacap tech stocks, and the broader market, for the last few years. Microsoft reported better-than-expected growth in its cloud business, and its closely-watched Azure cloud-computing unit posted a 39% rise in sales, handily beating the 34% analysts expected. 

- Figma (FIG) shares jumped 250% in their public debut after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe. The company sold 12.47 million shares in the IPO, which priced Tuesday, while investors including Index Ventures, Greylock Partners and Kleiner Perkins sold 24.46 million shares. The trading gives Figma a market value of nearly $55 billion, based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, and restricted stock units for Chief Executive Officer Dylan Field, which are subject to vesting conditions, the fully diluted value is well above $65 billion.

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 Matt Miller, Katie Greifeld, Carol Massar and Tim Stenovec.

- Apple (AAPL) shares slid despite delivering strong earnings as markets traded lower today. The iPhone-maker reported its fastest quarterly revenue growth in more than three years, easily topping Wall Street estimates, after demand picked up for the iPhone and products in China. Revenue rose 9.6% to $94 billion in the fiscal third quarter, which ended June 28, the company said in a statement Thursday. Analysts estimated $89.3 billion on average, according to data compiled by Bloomberg. Apple also predicted that fourth-quarter revenue would be up by a percentage in the mid- to high-single digits — better than the 3% that analysts had forecast.

- Amazon (AMZN) dropped after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, leaving investors searching for signs that the company’s huge investments in artificial intelligence are paying off. Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, on average, expected $173.2 billion.

- Figma (FIG) shares were volatile in their second trading day, rising as much as 333% above the initial public offering price before paring gains.The San Francisco-based company’s stock traded at $126.07 each as of 10:35 a.m. on Friday in New York, versus the IPO price of $33 per share. Figma’s stock had jumped 250% on Thursday, in the largest first-day pop in at least three decades for a US-traded company raising more than $1 billion, data compiled by Bloomberg show.The company and some of its shareholders raised $1.2 billion in an IPO, pricing the stock on Wednesday above the marketed range. The trading gives Figma a market value of $61.5 billion, based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, and restricted stock units for Chief Executive Officer Dylan Field, which are subject to vesting conditions, the fully diluted value is roughly more than $73 billion.

See omnystudio.com/listener for privacy information.