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, Katie Greifeld, Carol Massar and Tim Stenovec.

- Levi Strauss (LEVI) shares jumped Friday morning after raising its revenue outlook, with the maker of 501 jeans expecting sales growth to outweigh the effect of President Donald Trump’s tariffs. The company said Thursday it now sees revenue rising between 1% and 2% for the current fiscal year — above the average analyst estimate and up from a previous view that sales would decline 1% to 2%. Levi also slightly lowered its guidance for gross margin due to tariffs, which the company factored in as 30% for products imported from China and 10% for the rest of the world.

- PayPal (PYPL) shares slide after JPMorgan told financial technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to their customers’ bank account information – a move that threatens to upend the industry’s business models. The largest US bank has sent pricing sheets to data aggregators — which connect banks and fintechs — outlining the new charges, according to people familiar with the matter. The fees vary depending on how companies use the information, with higher levies tied to payments-focused companies, the people said, asking not to be identified discussing private information.

- Albermarle (ALB) saw its shares drop as a UBS analyst cut the lithium provider to sell from neutral and trimming the price target.

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• Delta Air Lines (DAL) shares rose more the 11% this past week after reinstating its profit outlook for the year. The carrier said travelers are coming back, prompting its stock to surge amid a fresh sense of confidence in the beaten-down US consumer. Delta expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement on Thursday as Delta reported better-than-expected second-quarter results.
  
  
• Moderna (MRNA) shareholders welcomed the news that US regulators approved Moderna Inc.’s COVID vaccine for children, but for a narrower group than before, continuing Robert F. Kennedy Jr.’s controversial policy that restricts access to the shots for some kids. The Food and Drug Administration gave full approval of the immunization for kids under 12 who are at increased risk from the disease, the company said in a statement. The stock rose more than 10% on the week.
• PTC Inc. (PTC) saw its stock rise nearly 10% on the week on news that Autodesk Inc. is weighing an acquisition of the rival engineering-software provider, according to people familiar with the matter. Autodesk has been working with advisers to evaluate a cash-and-stock deal for Boston-based PTC, said the people, who asked to not be identified because the matter isn’t public. PTC, with a market value of about $23 billion, is also said to be drawing interest from other industry players.

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On this episode of Stock Movers:

-Venture Global Inc. is close to reaching an agreement for a $20 billion financing package to complete its third liquefied natural gas export project, with European banks Banco Santander SA and ING Groep NV among the lead arrangers, according to people familiar to the matter. A final investment decision on the CP2 project could be made as soon as the end of this month.
- Levi Strauss & Co. raised its revenue outlook, expecting sales growth to outweigh the effect of President Donald Trump’s tariffs. The company now sees revenue rising between 1% and 2% for the current fiscal year, and has slightly lowered its guidance for gross margin due to tariffs.
- AMC Entertainment (AMC) shares rose by more than 11% in recent Friday trading after Wedbush upgraded the company's stock to outperform from neutral and raised its price target to $4 from $3.

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On this episode of Stock Movers:
-Nvidia (Ticker NVDA) shares rise after hitting a record high on Friday, a day after CEO Jensen Huang met with President Donald Trump, according to people familiar. There are no details on the talks, but it comes before Huang's planned trip to China.
-Coinbase (Ticker COIN) shares gain after Bitcoin breached the $118,000 level, which triggered over a billion dollars of shorts against the token getting liquidated over the past 24 hours, according to data compiled by Coinglass.
-Mcdonald's (Ticker MCD) shares are up after Goldman analyst Christine Cho upgraded the company to buy from neutral.Year-to-date sales performance for fast food operators has been pressured amid weakness in low income consumers, as well as the middle-income cohort, but McDonalds ultimately has the scale, marketing, digital advantage to successfully navigate through this environment.

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On this episode of Stock Movers:
- Performance Food Group Co. (PFGC) is higher on Bloomberg's report that Performance Food Group Co. has attracted takeover interest from US Foods Holding Corp., a potential deal that would create a food distribution company with combined sales of roughly $100 billion. Sources say Rosemont, Illinois-based US Foods has been evaluating an acquisition of Performance Food and expressed interest about a potential combination in recent months.
- US Foods Holding Corp. (USFD) is lower this morning on the merger news with PFGC. Shares of US Foods have risen more than 50% over the past 12 months, giving the company a market value of $18.6 billion. Performance Food has a market capitalization of $14.1 billion. US Foods supplies restaurants, hospitals, schools and hotels, generating revenue of $37.9 billion last year. The company employs about 30,000 people in more than 70 locations, according to its website. Performance Food offers similar services in the US and Canada across three units: restaurant supplier Performance Foodservice, candy and snack distributor Vistar and its Core-Mark business serving convenience stores.
- Drone stocks are climbing higher, including Red Cat Holdings (RCAT) and AeroVironment (AVAV) are rising after Defense Secretary Pete Hegseth issued a memo to fast track drone production and deployment, as well as requiring drone combat simulations across the military.
- Warner Bros Discovery Inc. (WBD) shares are moving on Superman hitting theaters as it looks to revive the comic book movie franchise that Warner Bros. Owns.

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On this episode of Stock Movers:
- Performance Food Group Co. (PFGC) is higher while US Foods Holding Corp. (USFD) is lower this morning on Bloomberg's report that Performance Food Group Co. has attracted takeover interest from US Foods Holding Corp., a potential deal that would create a food distribution company with combined sales of roughly $100 billion. Sources say Rosemont, Illinois-based US Foods has been evaluating an acquisition of Performance Food and expressed interest about a potential combination in recent months.
- Levi Strauss & Co. (LEVI) is rising this morning after it raised its revenue outlook, expecting sales growth to outweigh the effect of President Donald Trump’s tariffs. The company now sees revenue rising between 1% and 2% for the current fiscal year, and has slightly lowered its guidance for gross margin due to tariffs. Harmit Singh, chief financial and growth officer, attributed the company’s strong performance to its “laser focus” on the core Levi’s brand and its burgeoning direct-to-consumer strategy.
- Drone stocks including Red Cat Holdings (RCAT) and AeroVironment (AVAV) are rising after Defense Secretary Pete Hegseth issued a memo to fast track drone production and deployment, as well as requiring drone combat simulations across the military.

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On this episode of Stock Movers:
- BP Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a potential boost for the energy major struggling to reverse years of underperformance.
- Stellantis is one of a number of tariff-exposed automotive stocks under the spotlight after President Donald Trump threatened a 35% levy on some Canadian goods and raised the prospect of up to 20% levies on most other countries.
- Kering and other European luxury stocks retrace some of this week’s gains as recent positive sentiment toward China-exposed equities starts to fade.

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On this episode of Stock Movers:
- Delta (DAL) reinstated a profit outlook for the year and said travelers are coming back, prompting its stock to surge amid a fresh sense of confidence in the beaten-down US consumer. The carrier expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement on Thursday as Delta reported better-than-expected second-quarter results. Delta’s projections sent its shares up about 12%, their highest level in more than three months, and pulled up rival airlines.Travel in the US is recovering after approval of US President Donald Trump’s tax-cut and spending package and progress in tariff discussions, Chief Executive Officer Ed Bastian said in an interview. Corporate travel is strengthening, and consumers have become “a little numb” to the ongoing trade disputes, choosing to book travel again in the latter part of the year.
- Crowdstrike (CRWD) shares slide after CFRA downgraded the security-software company to hold from buy.
- McDonald's (MCD) shares ticked higher in trading today after Goldman analyst Christine Cho upgraded the fast food chain to buy from neutral.

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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) shares rose on word it's aiming to bring its driverless taxis to California and Arizona as the carmaker plots an expansion on the heels of last month’s limited rollout in Austin. CEO Elon Musk predicted on his social media service X that Tesla robotaxis could launch in the San Francisco Bay area “probably in a month or two,” pending regulatory approvals. The carmaker plans to broaden its service area in Austin this weekend, he said. Tesla has also contacted the Arizona Department of Transportation to begin the certification process for autonomous vehicle ride-sharing, the state agency told Bloomberg in an emailed statement. Tesla has expressed interest in operating within the Phoenix metropolitan area, the transportation department said. A decision on the company’s applications — including for operations with and without a driver — is expected by the end of this month.

- MP Materials (MP) shares spikes as much as 60%, the most intraday since the company’s IPO in 2020, after the firm struck a multibillion dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities, backed by $400m in equity and a $1b loan commitment.

- Autodesk (ADSK) shares dropped as investors digested news that it's weighing an acquisition of rival engineering-software provider PTC Inc., according to people familiar with the matter. Autodesk has been working with advisers to evaluate a cash-and-stock deal for Boston-based PTC, said the people, who asked to not be identified because the matter isn’t public. PTC, with a market value of about $23 billion, is also drawing interest from other industry players, the people said.No final decision has been made and Autodesk could opt against pursuing a deal for PTC, the people added. A representative for PTC declined to comment. A representative for Autodesk couldn’t be reached for comment.

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On this episode of Stock Movers:
- Delta (DAL) shares rise after the carrier announced that it is restoring its full-year earnings guidance. The company expects full-year adjusted EPS of $5.25 to $6.25 in 2025.
- Estee Lauder (EL) shares gain after BofA reinstated coverage with Buy rating and $110 price target.
- Conagra (CAG) shares drop after the company forecasted profit for this fiscal year below Wall Street’s expectations, citing rising costs from US tariffs.

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