Stock Movers

On this episode of Stock Movers:
- Paramount (PARA) shares are up after the company said it plans to cut several hundred employees on Tuesday due to a continuing decline in the cable-TV industry and the broader economic landscape. The move will affect about 3.5% of the media company’s US workforce, according to an internal memo sent to staff reviewed by Bloomberg.
- Apple (AAPL) shares rise after the company unveiled a new software redesign called Liquid Glass, which aims to make its device lineup more cohesive and useful, with a transparent menu and glassy look. The company also announced updates to its operating systems, including iOS 26, watchOS 26, and visionOS 26, which will provide a more uniform experience across devices.
- Meta (META) shares gain after news that Mark Zuckerberg is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who've met with him at his homes in Lake Tahoe and Palo Alto.

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On this episode of Stock Movers:
- JM Smucker (SJM) shares fall after the company said it expects adjusted earnings of up to $9.50 a share, reduced by $1 a share due to higher coffee costs and US tariffs. The company raised coffee prices in May and plans to do so again in August, which is expected to hurt demand this year.
-McDonalds (MCD) shares drop after Redburn Atlantic downgraded the company to a sell rating, citing concerns over shifting consumer patterns due to weight-loss drugs and inflation. The analyst estimates that the use of GLP-1 drugs like Ozempic could impact McDonald's revenue by $428 million annually, and potentially up to 10% or more over time.
-Novo Nordisk (NOVOB) shares rise after a report that Parvus Asset Management has built a stake in the company. Parvus is interested in influencing the appointment of a new CEO, as Novo Nordisk is set to replace its current CEO Lars Fruergaard Jorgensen.

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On this episode of Stock Movers:
- Taiwan Semiconductor Manufacturing Co. (TSMC) shares are higher this morning as the main chipmaker for Nvidia Corp. and Apple Inc., reported a 40% jump in May revenue after companies stockpiled chips in response to mounting trade uncertainty. The company's CEO last week reaffirmed the company’s guidance for sales to grow in the mid-20% range in US dollar terms in 2025. AI chip demand still outstrips supply, he told shareholders.
- Meta (META) shares are moving on news that CEO Mark Zuckerberg is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who've met with him at his homes in Lake Tahoe and Palo Alto. Zuckerberg aims to hire around 50 people for the new team, including a new head of AI research, and has rearranged desks at Meta's Menlo Park headquarters so the new staff will sit near him. Zuckerberg is building the team in tandem with a planned multi-billion dollar investment in Scale AI, which offers data services to help companies train their models and builds custom AI applications for businesses and governments.
- McDonald's (MCD) is lower on a downgrade this morning after Redburn downgrades the restaurant chain to sell from buy, saying weight-loss drugs are suppressing consumer appetites and presenting an under-appreciated longer-term threat. Redburn becomes the only broker that rates McDonald’s as sell among the 41 Wall Street analysts tracked by Bloomberg,.
- Uber (UBER) shares are climbing this morning as the ride sharing app and Wayve plan to run their first trial of fully autonomous vehicles in London, paving the way for commercial robotaxi services in the UK and beyond. The companies will collaborate with the UK government and Transport for London on the permitting and regulatory approval process prior to the launch of Level 4 fully autonomous vehicles. The UK will be the first market to host a pilot under the partnership Uber and Wayve struck last August, with the trial expected to begin in the spring of 2026.

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On this episode of Stock Movers:
- Diageo is considering options for its ownership of the Indian Premier League cricket franchise Royal Challengers Bengaluru, according to people familiar with the matter.
- UBS shares drop as much as 7.4%, the most in two months and erasing all of Friday’s gains that followed the Swiss government proposing new rules that could see the bank hold up to $26 billion in fresh capital. Vontobel analysts say it will impact the bank’s competitiveness.
- Activist hedge fund Parvus Asset Management is building a stake in Ozempic-maker Novo Nordisk, the Financial Times reports, citing unidentified people with knowledge of the details.

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- Robinhood Markets (HOOD) shares slipped after traders came to learn that the financial services platform was not being added to the S&P 500. Last week, traders were speculating Robinhood would be added to the index as part of the index’s quarterly rebalancing but shares duly slumped as much as 8.4% intraday before closing 2% lower on Monday, giving back some of their recent rally.
- Qualcomm (QCOM) rose Monday on the news that the semiconductor maker had agreed to buy London-listed semiconductor company Alphawave IP Group Plc for about $2.4 billion in cash to expand its technology for artificial intelligence. The deal, which is still subject to regulatory and shareholder approval, is expected to close in the first quarter of 2026.
- Goodyear Tire (GT) shares jumped nearly 11% on Monday, after BNP Paribas Exane upgraded the tire seller to outperform from neutral, calling the company “a true tariffs winner” whose industry-low tariff exposure will drive “meaningful” earnings upside. Analyst James Picariello estimates Goodyear's tariff advantage drives an estimated 10.5 point relative cost advantage for the company.

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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.

- Warner Bros. Discovery (WBD) initially saw its shares rise on the word it's splitting itself in half, unshackling its fast-growing streaming business from the struggling legacy media channels and setting up two independent companies that could pursue deals on their own. The new Global Networks business will include entertainment, sports and dozens of cable television brands such as CNN, TNT and TBS and will be headed by Chief Financial Officer Gunnar Wiedenfels. It will hold a 20% stake in the other Streaming and Studios business, headed by Chief Executive Officer David Zaslav, and use proceeds from that entity as a way to cut debt, the company said in a statement on Monday. The move unwinds much of the 2022 merger that combined AT&T’s WarnerMedia, which houses iconic film studios and TV franchises, and Discovery Inc., home to nonfiction documentaries and reality TV. The deal created a company weighed down with debt at a time when cable TV, its largest business, was hemorrhaging viewers and advertising dollars.

 - Qualcomm (QCOM) shares rose after it agreed to buy London-listed semiconductor company Alphawave IP Group Plc for about $2.4 billion in cash to expand its technology for artificial intelligence. The offer equates to about 183 pence per share for Alphawave, the companies said in a statement on Monday. That’s a 96% premium to the company’s share price on March 31, the last trading day before Alphawave and Qualcomm disclosed the talks. The deal, which is still subject to regulatory and shareholder approval, is expected to close in the first quarter of 2026. Qualcomm Chief Executive Officer Cristiano Amon is looking to lessen the company’s reliance on the smartphone market, where growth has slowed, and push into new areas. Alphawave makes high-speed semiconductor and connectivity technology that can be used for data centers and AI applications, two growth areas in the chip industry that are being driven by demand for products like OpenAI’s ChatGPT.

- Apple (AAPL) shares fell after the keynote to the iPhone maker's Worldwide Developers Conference didn’t ease concerns about the company’s position with artificial intelligence. This was despite unveiling the most sweeping software redesign in its history, aiming to make the company’s device lineup more cohesive and useful, even while doing little to upgrade its struggling artificial intelligence platform. The new interface, called Liquid Glass, was introduced Monday at Apple’s annual Worldwide Developers Conference. The approach uses transparent menus and a glassy look, transforming the software on the company’s iPhone, iPad, Mac, TV platform, smartwatches and Vision Pro headset. The changes come as part of iOS 26, watchOS 26 and visionOS 26, which have been rebranded to mark the coming year rather than a version number. Apple also retooled its iPad software to make the device feel more like a Mac, something customers have long requested.

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On this episode of Stock Movers:

- Tesla (TSLA) shares fell after the EV-maker was hit with a pair of downgrades on Monday, underscoring mounting concerns on Wall Street about the electric-vehicle maker’s outlook following last week’s clash between Chief Executive Elon Musk and President Donald Trump. Both Argus Research and Baird cut the stock to the equivalent of hold ratings, cementing Tesla’s reputation as the least-loved megacap stock among analysts. Shares fell 1.6% in premarket trading.

- Meta (META) rose on the news over the weekend that it is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter. The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time.
The terms of the deal are not finalized and could still change, according to the people, who asked not to be identified discussing private information. Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labeling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom. The startup was last valued at about $14 billion in 2024, in a funding round that included backing from Meta and Microsoft. Earlier this year, Bloomberg reported that Scale was in talks for a tender offer that would value it at $25 billion.

- Warner Bros. Discovery (WBD) shares slid after it announced it would be splitting itself in half, unshackling its fast-growing streaming business from the struggling legacy media channels and setting up two independent companies that could pursue deals on their own. The new Global Networks business will include entertainment, sports and dozens of cable television brands such as CNN, TNT and TBS and will be headed by Chief Financial Officer Gunnar Wiedenfels. It will hold a 20% stake in the other Streaming and Studios business, headed by Chief Executive Officer David Zaslav, and use proceeds from that entity as a way to cut debt, the company said in a statement on Monday. The move unwinds much of the 2022 merger that combined AT&T Inc.’s WarnerMedia, which houses iconic film studios and TV franchises, and Discovery Inc., home to nonfiction documentaries and reality TV. The deal created a company weighed down with debt at a time when cable TV, its largest business, was hemorrhaging viewers and advertising dollars.

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On this episode of Stock Movers:
- Aon (AON) shares drop ahead of its investor day. The company said management will reaffirm the firm’s 2025 guidance across all key financial metrics. Its 1Q earnings missed consensus on most key metrics including adjusted operating margin.
- Intuitive Surgical (ISRG) shares fall after Deutsche Bank cut the robotic-surgery company to sell from hold citing “significant” risks to its Instruments & Accessories business.
- Synchrony Financial (SYF) shares rise following a report that Walmart credit cards will once again be issued by the financial services firm. OnePay, a financial technology firm backed by Walmart, picked Synchrony to issue both a co-branded card that can be used outside Walmart as well as a private-label card that will be available just for purchases at the retailer.

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On this episode of Stock Movers:
- Warner Brothers Discovery (WBD) shares rise after the company said it will split its streaming and studios business and its TV networks operations by the middle of next year. The streaming and studios company will include Warner Brothers Television, the Motion Picture Group, DC Studios, HBO, and HBO Max.
- Qualcomm (QCOM) shares rise after the company reached an agreement to buy Alphawave for $2.4 billion. The offer equates to about 183 pence per share for Alphawave -- a 96% premium to the company’s share price on March 31, the last trading day before Alphawave and Qualcomm disclosed the talks.
- Starbucks (SBUX) shares rise after the company announced price cuts for a slew of its tea-based beverages at its stores across China. It's the latest campaign to appeal to Chinese consumers for non-coffee offerings during summer.

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On this episode of Stock Movers:
- Warner Bros (WBD) is on the move this morning after announcing it will separate into two publicly traded businesses by the middle of next year, splitting its streaming and studios business and its TV networks operations. The streaming and studios company will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, and will be run by CEO David Zaslav.
- Apple (APPL) is up slightly this morning with the company's annual developer's conference, WWDC, may highlight the company's struggles with artificial intelligence, which could further weaken its shares. Apple's lack of progress in AI is seen as an existential risk, and its struggles in this area have been a significant headwind for the company, with shares down 19% this year.
- Tesla (TSLA) is continuing its slide as Baird downgraded the stock to neutral from outperform, noting that the recent share rally followed what was a fundamentally poor quarter for the EV maker. Analyst Ben Kallo attributes the recent rally partly to anticipation over the launch of a more affordable vehicle and a robotaxi service. Through Friday’s close, the shares are down about 27% this year.

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