Stock Movers

On this episode of Stock Movers:
- Micron Technology (MU) shares are higher this morning as it gave an upbeat forecast for the current quarter, driven by demand for artificial intelligence equipment, and posted third-quarter results and a fourth-quarter forecast that exceeded estimates. The company's high-bandwidth memory (HBM) business is fueling a sales surge, with continued growth expected as AI software becomes more complex and requires bigger amounts of memory.
- Nvidia (NVDA) is rising in early trading after hitting an all-time high, extending an advance that has cemented its position as one of the most valuable companies in the world. The company's market capitalization has added nearly $1.5 trillion since April, with a current market cap of about $3.77 trillion, overtaking Microsoft. Nvidia's growth is driven by robust earnings and strong demand for its AI chips
- ASML (ASML) is moving to the downside this morning as it was downgraded to hold at Jefferies. Analyst Janardan Menon sees headwinds ahead for the semicap equipment sector.
- Nike (NKE) shares are higher this morning as it prepares to release fourth quarter earnings after the market closes. It's likely to move to the downside, however, Wall Street is hopeful the worst can be behind for the retail giant. Analysts project revenue and earnings per share to be much lower than the results from a year ago.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- H&M profit was buoyed by tighter cost control and demand for its women’s fashion and sportswear ranges in the second quarter, a sign Chief Executive Officer Daniel Erver’s turnaround strategy is finally progressing.
- Shell says it has not been actively considering making an offer for BP, has not made an approach and no talks have taken place with BP with regards to a possible offer, according to a statement. What to watch for in European M&A today:
- The French government wants to open the meal vouchers sector to more competition, as well as making them entirely paperless starting in 2027 and usable on Sundays, Véronique Louwagie, junior minister for commerce and small and midsize businesses, tells RMC radio and Le Parisien newspaper.

See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:

- Micron (MU) shares are up after the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading. Micron is seeing increasing demand for components like its high-bandwidth memory, which are used in machines that develop and run AI tools. The company expects continued growth from that market as such software becomes more complex, requiring bigger amounts of memory. The company is also starting to recover from narrower profit margins in the previous quarter.

- Yum! Brands (YUM) shares rose after JPMorgan upgraded the operator of such chains as KFC and Taco Bell to overweight from neutral. Analyst John Ivankoe sees “sustained 4%+ unit growth, strong FCF generation,” and a “pulled-back valuation”.

- Bumble (BMBL) shares jumped after the dating app said it’s cutting almost one-third of its staff, months after founder Whitney Wolfe Herd returned as chief executive officer to overhaul the struggling dating app. The Austin-based company will eliminate around 240 roles globally, or about 30% of its workforce, it said in an exchange filing Wednesday. It expects to achieve as much as $40 million in annual cost savings from the reductions, and plans to “reinvest the substantial majority” of those savings in “strategic initiatives including product and technology development.”

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 Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec.

- Micron (MU), the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading. Micron is seeing increasing demand for components like its high-bandwidth memory, which are used in machines that develop and run AI tools. The company expects continued growth from that market as such software becomes more complex, requiring bigger amounts of memory. The company is also starting to recover from narrower profit margins in the previous quarter.

- BP (BP) shares surged as much as 10% in trading after the Wall Street Journal reported that Royal Dutch Shell Plc is in early-stage talks to acquire its London-based rival. Talks between company representatives are active, but any terms of a potential deal couldn’t be learned and a transaction is far from certain, the newspaper reported, citing people familiar with the matter. BP is under intense pressure after years of under-performance and the intervention of activist shareholder Elliott Investment Management. Speculation has been growing that the embattled company would become a takeover target, and Bloomberg reported in May that Shell had been studying the merits of a deal.

- Nvidia (NVDA) shares rose to an all-time high on Wednesday, with the leader in artificial intelligence chips extending an advance that has cemented its position as one of the most valuable companies in the world. The stock rose 4.3% to $154.31, taking out an all-time high that has stood since January. The record is only the latest milestone for the company, which has risen 63% off an April low, a rally that has added nearly $1.5 trillion to its market capitalization. With the day’s gain, Nvidia stands as the world’s largest stock, with a market cap of about $3.77 trillion, overtaking Microsoft Corp. at $3.66 trillion.

See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:

- Coinbase (COIN) shares gain after Bernstein raised the target on the crypto trading platform to $510, a Street high and 48% above Tuesday’s close, from $310. The company’s revenue is set to more than double by 2027 as it benefits from strong trading growth, as well as non-trading revenue lines such as staking and stablecoins, analyst Gautam Chhugani wrote in a note to clients.

- FedEx (FDX) shares sank after the carrier warned that its profit would be worse than expected this quarter and declined to offer guidance for the rest of the year, underscoring the significant impact that President Donald Trump’s trade war continues to have on its business. The company’s shares fell 5.6% as of 9:33 a.m. in New York on Wednesday after FedEx reported quarterly results, extending their slide for the year. The shipping giant’s stock was down 18% in 2025 through Tuesday’s close, while the S&P 500 index rose modestly over that span.

- General Mills (GIS) shares fell after the food company reported a larger-than-expected drop in 4Q organic sales, driven by a 7% decline in its North America Retail segment. GIS also projects a steeper decline in annual adjusted EPS than the current consensus estimate. “Our full-year sales trends did not meet our expectations, driven in part by continued value-seeking orientation and weaker consumer sentiment,” CEO Jeff Harmening said.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Bumble (BMBL) shares rise after the company said it’s cutting almost one-third of its staff, months after founder Whitney Wolfe Herd returned as chief executive officer to overhaul the struggling dating app.
- FedEx (FDX) shares drop after the company warned that its profit will be worse than expected this quarter and declines to offer guidance for the rest of the year due to the uncertain global demand environment.
- Blackberry (BB) shares gain after the software company boosted its revenue forecast for the full year. Analysts were positive about the company’s forecast and hiked their price target on the stock.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- FedEx (FDX) is sinking on a warning on tariffs. FedEx warns that its profit will be worse than expected this quarter due to the impact of President Donald Trump's trade war on its business. The company's shares dropped 6% in premarket trading, and its stock is down 18% year to date, with US-China shipments deteriorating sharply in May.
- Quantumscape (QS) shares are soaring after the company said it made a big leap forward in its process for making solid-state batteries. The battery startup said after the bell that it has successfully integrated its advanced Cobra separator process into baseline cell production.
- Coinbase (COIN) is moving to the upside today as it gets a price target boost. Bernstein raised the target on Coinbase Global Inc. Class A to $510 from $310. Maintains outperform rating. Bernstein moved its target to the high end of the range, implying a 48% increase from last price.
- BlackBerry (BB) shares are higher this morning after the software company boosted its revenue forecast for the full year. Analysts were positive about the company’s forecast and hiked their price target on the stock.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- FedEx (FDX) is sinking on a warning on tariffs. FedEx warns that its profit will be worse than expected this quarter due to the impact of President Donald Trump's trade war on its business. The company's shares dropped 6% in premarket trading, and its stock is down 18% year to date, with US-China shipments deteriorating sharply in May.

- UPS (UPS) shares are following FedEx lower on broader concerns about the shipping industry. President Donald Trump’s erratic trade policies continue to handcuff the ability of executives to predict where their businesses are headed. That lack of visibility is especially challenging for FedEx and shippers — economic bellwethers.

- Coinbase (COIN) is moving to the upside today as it gets a price target boost. Bernstein raised the target on Coinbase Global Inc. Class A to $510 from $310. Maintains outperform rating. Bernstein moved its target to the high end of the range, implying a 48% increase from last price.
- BlackBerry (BB) shares are higher this morning after the software company boosted its revenue forecast for the full year. Analysts were positive about the company’s forecast and hiked their price target on the stock.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Babcock International Group raised its medium-term profit target and announced its first-ever share buyback as the UK defense firm benefits from a surge in military spending.
- Worldline SA shares fell by more than a fifth on Wednesday, following reports that the company covered up fraud by customers.
- Stellantis rises as much as 4.1% as Jefferies upgrades the automaker to buy from hold, writing in a note that operations may be starting to take a more positive turn.

See omnystudio.com/listener for privacy information.

On this edition of Stock Movers:

- Carnival (CCL) shares jumped after it raised its full-year profit outlook as cruise demand has shrugged off the volatile economic and geopolitical backdrop. Its stock surged by as much as 10%, while peers Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings and Viking Holdings Ltd. also rose by more than 4.3%. Earnings will be around $1.97 per share this year, the company said in a statement Tuesday morning, up from its previous view of $1.83 per share. Analysts had expected $1.85 per share. The cruise operator also hiked its targets in March after a strong start saw impressive booking growth with record pricing.

- US defense stocks are declining Tuesday as Israel and Iran appeared to be honoring a ceasefire agreement unexpectedly announced by President Donald Trump overnight.

- Uber (UBER) shares are up after the ride-hailing company said in a press release that it will be partnering with Alphabet Inc’s Waymo to offer ride-sharing through autonomous vehicles in Atlanta. In addition, Lime, the Uber-backed electric bike startup, has hired investment banks to prepare for a US initial public offering, according to a report from Reuters.

- FedEx (FDX) shares are down in after hours trading after the company forecasted a worse-than-expected profit for the current quarter in a sign that soft demand from consumers and businesses rattled by tariffs is unlikely to improve in the near term. Adjusted earnings in its fiscal first quarter will be $3.40 to $4 a share, the company said Tuesday in a statement. The range fell below the $4.03 average of analyst estimates compiled by Bloomberg.

See omnystudio.com/listener for privacy information.