Stock Movers

On this edition of Stock Movers:

- Coty (COTY) climbed after Women’s Wear Daily reports that the beauty company is looking for buyers. Citi analyst Filippo Falorni writes: “we acknowledge the possibility of M&A, especially given COTY’s valuation, progress on debt deleverage over the last several years with the potential for value unlock from the sale of its Wella stake”

- MGM (MGM) Resorts shares gained, as well as shares in Entain, after BetMGM, the sports betting platform the two companies jointly own, raised its full-year guidance. 

- Lockheed Martin (LMT) shares fell on word that a deal between the US and China on rare earths wouldn't include Lockheed Martin's F-35 planes.

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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, Alix Steel, Carol Massar and Tim Stenovec.

- AMD (AMD) shares jumps as much as 10% amid a broad rally in semiconductor stocks as Piper Sandler said products unveiled last week were positive and expects a "snapback" for the GPU business this year.

- Warner Bros. (WBD) shares rose on the word it won enough support from creditors to overhaul its debt as part of a plan to split into two separate companies, a significant victory for the entertainment giant as it tries to turn itself around. The company said last week that it’s dividing into two separate corporations, one focusing on streaming and movie studios, and the other on cable television channels. As part of that division, it said it’s looking to buy back some $14.6 billion of bonds, and to switch the terms on remaining debt to give it more flexibility to shift around assets in the future, among other changes.

- Lockheed Martin (LMT) shares slumped on the day after a report that its F-35 planes wouldn't be included in a rare earths deal between the US and China. After the closing bell, the defense firm named Craig Martell its new chief technology officer.

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On this edition of Stock Movers:
- Boeing (BA) shares are higher after the planemaker said it’s made more progress in the past four to five months on the long-delayed new presidential aircraft than at any point in the last four years as it identifies ways to streamline the complex program. “As we go forward, we have been able to see our way through some of these requirements that were just physically impossible to do,” Steve Parker, the interim head of Boeing’s defense business, told journalists at the Paris Air Show on Monday. “We’re just making really, really good progress.” The pair of new Air Force One jets have suffered cost overruns and delays because of the complexities associated with building an aircraft that needs to perform secure missions, withstand possible missile attacks and function as a de-facto White House in the sky.
- Roku (ROKU) shares jumped after the company announced a partnership with Amazon Ads, saying that advertisers will now have access to more than 80% of US households with connected TV though the Amazon DSP marketing tool. The partnership “enhances addressability” across services including the Roku Channel, Prime Video and other companies’ streaming platforms, according to the statement announcing the move.
- American Express (AXP) shares are up after it teased updates coming later this year to its travel-focused Platinum credit cards, announcing what it called its “largest investment ever” in a credit-card refresh. “We’re going to take these cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel,” Howard Grosfield, Amex’s group president for US consumer services, said in a statement Monday. Amex raised its Platinum card annual fee to $695 in July 2021, when it also added $200 in annual hotel credits. Since then, the New York-based company has faced intensifying competition for premium credit-card customers, including from JPMorgan Chase & Co.’s Sapphire Reserve card and Capital One Financial Corp.’s Venture X Rewards card. The Amex update will apply to both the US consumer and business Platinum cards, the company said. It didn’t provide more specifics on what changes are coming.

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On this episode of Stock Movers:
- ConocoPhilips (COP) shares fall after the Wall Street Journal reported earlier that Iran has signaled it wanted to de-escalate hostilities with Israel.Meanwhile Reuters is reporting Iran is seeking for President Trump to press Israel for an immediate ceasefire and is offering flexibility in nuclear talks.
- AMD (AMD) shares rise after Piper Sandler raised the price target to $140 from $125. It's a 21% increase from the current price. Analysts said products unveiled last week were positive and expects a “snapback” for the graphics processing unit business in the fourth quarter.
- Meta (META) shares gain after news that Whatsapp will show ads in the Updates tab, which gets 1.5 billion visitors per day, according to Meta. WhatsApp will also let Channel operators sell subscriptions, meaning they can create special messages just for a group of paying customers.

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On this episode of Stock Movers:
- T-Mobile (TMUS) shares fall after news that President Donald Trump is launching a Trump-branded mobile phone service, that will rely on wireless networks and hardware that is “made in America.”
- MGM (MGM) shares rise after sports betting joint venture BetMGM raised its net revenue and Ebitda guidance for fiscal year 2025, following strong second-quarter trading.
- Incyte (INCY) shares gain after the drugmaker gave clinical data from two trials of its experimental therapy to treat a blood disorder, which is impressing Wall Street.

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On this episode of Stock Movers:
- EchoStar (SATS) is soaring this morning as President Trump urges the company to make a deal with the FCC for its wireless spectrum licenses. The president met with EchoStar Chairman Charlie Ergen and Carr at the White House, encouraging them to work together and reach a deal. The FCC is investigating whether EchoStar is meeting obligations for its wireless and satellite spectrum rights, and the company has been skipping bond coupon payments and considering filing for bankruptcy.
- US Steel (X) is rallying today as Nippon Steel secured approval from President Trump to purchase United States Steel Corp. for $14.1 billion, its biggest ever overseas bet. The deal comes with significant concessions to the US government, including a "golden share" that gives Washington a say in major decisions and control over some board seats, and a promise to invest $14 billion over the coming years.
- Roche (RHHBY) is slightly down, but its partner Sarpeta Therapeutics (SRPT) is plunging on news that a second patient has died of acute liver failure while being treated with Sarepta Therapeutics Inc.'s gene therapy for a rare muscle disorder, following a similar death three months prior. The development has cast a pall over Sarpeta's most important drug and will intensify scrutiny on the FDA over its decision to approve it, despite a lack of data showing it slows overall progression of the disease.
- Victoria's Secret (VSCO) is up on news Barington Capital Group has built a stake in Victoria's Secret & Co. and plans to urge changes to its board and strategy. The company is under pressure to grow sales amid new competition, and its shares have declined 56% this year through Friday. The company has faced challenges, including tariffs, weakening consumer spending, and a security incident that took its e-commerce operation offline, affecting its goal to regain dominance in bras.

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On this episode of Stock Movers:

- Marathon Petroleum (MPC) is higher this morning as it beats out oil giants like Chevron and Exxon, as companies with more exposure to the United States share picture are gaining. The conflict between Israel and Iran has caused damage to the US consulate in Tel Aviv, and has led to a rise in global energy prices, with Brent crude gaining 5.5% in Asia trading on Monday.

- Palantir (PLTR) shares are higher today as defensive plays rally in a market concerned about geopolitical risk. Investors are worried about inflation and geopolitical risks, which could propel yields higher, but companies considered defensive stocks are rallying. Hostilities between Israel and Iran have entered a fourth day, with no sign of easing. 

- US Steel (X) is rallying today as Nippon Steel secured approval from President Trump to purchase United States Steel Corp. for $14.1 billion, its biggest ever overseas bet. The deal comes with significant concessions to the US government, including a "golden share" that gives Washington a say in major decisions and control over some board seats, and a promise to invest $14 billion over the coming years.

- Newmont Corp. (NEM) is a downside mover this morning as gold prices drop after a big rally Friday amid heightened global tensions. In the premarket this morning, the S&P 500 contracts rose 0.5% as dip-buyers moved in, while European and Asian stocks also advanced, and gold slipped 0.5% from an all-time high.

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On this episode of Stock Movers:

- Halliburton (HAL), along with shares in several energy and oil companies, rose toward the end of the week on heightened tensions in the Middle East. Iran fired hundreds of ballistic missiles against Israel following an unprecedented direct attack on its nuclear facilities, ramping up a conflict between sworn enemies that threatens to engulf the Middle East and disrupt global oil supplies. Multiple waves of missiles targeting Israeli cities amount to the most forceful step yet by Tehran since Israel’s overnight raids killed top Iranian generals and badly damaged key military infrastructure. Israel said it identified missiles launched from the Islamic Republic and reported explosions from interceptions and falling debris from incoming projectiles. There was dramatic video footage of at least one large explosion in Tel Aviv, and reports of explosions over Jerusalem.

- Smuckers (SJM) declined the most in nearly four decades after saying US tariffs increasing costs in its coffee business will hurt profit, continuing a challenging run for the biggest US packaged food producers. The company, which owns the Folgers and Cafe Bustelo coffee brands, said adjusted earnings this fiscal year will be as much as $9.50 a share. The impact of higher coffee costs and US levies reduced that forecast by roughly $1 a share, Smuckers said.
Shares sank 16% on Tuesday in New York, the biggest drop in data compiled by Bloomberg that extends back to 1988. The stock had risen about 1.6% this year through Monday’s close, less than the S&P 500 Index’s gain of roughly 2%.

- Oracle (ORCL) shares soared to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing — renting out computing power and storage — by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power. The shares gained 13% to $199.85 at the close on Thursday in New York, marking the biggest single-day increase in a year. Oracle had already climbed 17% in the last month as investors grew more optimistic that tariffs and other geopolitical issues wouldn’t disrupt the software industry.

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, Alix Steel, Carol Massar and Tim Stenovec.

- Lockheed Martin (LMT) shares of Lockheed Martin, as well as other defense stocks rose as investors reacted to rising tensions in the Middle East. Iran fired hundreds of missiles in retaliation for Israel’s airstrikes that targeted Tehran’s military and nuclear infrastructure, broadening a conflict that threatens to engulf the region and roil global markets. Israel said it identified missiles launched from the Islamic Republic and reported explosions from interceptions and falling debris from incoming projectiles. US forces are helping to intercept and shoot down the Iranian missiles, according to American and Israeli officials.

- Oracle (ORCL) shares extended a two-day rally in the wake of a better-than-expected earnings report, even amid a broad selloff sparked by Israel's attack on Iran and Iran's counterstrikes.

- Adobe (ADBE) shares shares fell the most in three months after the creative-software company gave a sales outlook for the current quarter that failed to calm investors who have been skeptical it can hold its own against AI-focused upstarts. Adobe has become a central focus of investors debating whether artificial intelligence tools will disrupt traditional software industry leaders. Design applications like those from Canva Inc. and image-creation tools from AI firm Midjourney Inc. have gained steam while Adobe has weaved generative AI tools through its products, including Photoshop. In February, it introduced separate subscriptions for its AI video generator, trying to compete with similar tools from rivals including OpenAI and Runway.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Lockheed Martin (LMT) shares rise. Earlier this week, there was a report that the Department of Defense will cut its order of F-35s by half. Thursday, the Congressional Budget Office found that operating and support costs of F-35 fighter jets stabilized after a period of decline. That was in response to President Trump's order in April to review all major defense acquisition programs.
- Oracle (ORCL) shares gain. The stock was raised to outperform from market perform at BMO Capital Markets, citing confidence that the software company can grow its operating income.
- Visa (V) shares drop after the Wall Street Journal reported large merchants, including Walmart and Amazon.com, are exploring how to issue or use stablecoins to bypass the traditional fees of card-based systems.

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