Stock Movers

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Shares in SAP and European software firms are lower after weaker than expected forecasts from US software players such as Intuit and Zoom.

- Applied Nutrition shares rise as much as 9%, taking them close to a record high, after the supplements producer upgraded its profit guidance. Analysts from Berenberg said this was the result of 50% revenue growth and Panmure Liberum said the company has “exceptional” trading momentum. 

- Ambu reported in-line sales in the third quarter, but adjusted Ebit was a 19.5% miss on an ex-tariff refunds basis, and may see the Danish health-care equipment company’s shares down mid to high single digits on Wednesday, JPMorgan writes.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- MediaTek shares rise alongside other Asian tech stocks after OpenAI said that its new Jalapeno semiconductor chips performed better than Nvidia’s current lineup during testing. 

- Innovent Biologics shares jumped as much as 12.6% after its net profit in the first half of the year beat estimates, following strong product growth thanks to an enriched drug portfolio.

- Woodside Energy shares slump as oil falls for a third day, after Iran and Oman discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz.

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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Intuit (INTU) shares are down 7.5% in extended trading, after the tax-preparation software company gave a full-year forecast for both adjusted earnings and revenue that was weaker than expected.

- Spyre Therapeutics (SYRE) reported mixed Phase 2 results for SPY072 versus placebo in rheumatoid arthritis, with the drug meeting some but not all primary and secondary endpoints, falling short of the company’s internal bar for monotherapy development.

- Dick's Sporting Goods (DKS) shares fell after reporting second-quarter earnings, with earnings per share, revenue, and same-store sales below expectations. The company's Foot Locker division was described as an "albatross" due to structural issues, including over-dependence on a single struggling vendor and aged mall-based real estate

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Today's biggest winners and losers in the stock market.
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 Bostic, Emily Graffeo, Norah Mulinda, Tim Stenovec

- Moderna (MRNA) shares are up after Wolfe Research upgraded the stock to Peer Perform from Underperform without a price target. Shares surged nearly 180% to $174.38 on Aug. 19, after a late-stage trial showed a treatment combining Moderna and Merck's experimental vaccine, intismeran autogene, and Merck's Keytruda was more effective at preventing skin cancer recurrence than Keytruda alone.

- Dick's Sporting Goods (DKS) shares fell after reporting second-quarter earnings, with earnings per share, revenue, and same-store sales below expectations. The company's Foot Locker division was described as an "albatross" due to structural issues, including over-dependence on a single struggling vendor and aged mall-based real estate.

- Target (TGT) shares fell on Tuesday following criticism over a Halloween costume that sparked an apology from the company. The company removed a Halloween clown costume that critics said evoked blackface imagery, with the Chief Merchandising Officer apologizing to employees and vowing to learn from the mistake. The incident is a setback for Target, which had advanced its stock and improved results under new CEO Michael Fiddelke, and is not the company's first controversy over its products.

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On this episode of Stock Movers:

- TurboTax software maker Intuit (INTU) fell 3% ahead of earnings due after market close.

- Crowdstrike (CRWD) shares are experiencing downward pressure. Analysts expect CrowdStrike to report second-quarter revenue of $1.44 billion and earnings of 29 cents per share. The company's record net new ARR growth and AI-security demand are key things investors should focus on from CrowdStrike's report.

- Moderna (MRNA) shares are up after Wolfe Research upgraded the drugmaker to peerperform from underperform, citing the success of its melanoma vaccine trial.

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On this episode of Stock Movers:

-Dick's Sporting Goods (DKS) shares plummet. Dick’s Sporting Goods Inc. sank after the Foot Locker chain it acquired last year continued to struggle, raising doubts about the broader sneaker market. The company now expects net sales to be in a range of $21.9 billion to $22.2 billion in the current fiscal year, down from its previous forecast.

-Uber (UBER) shares rise. Uber Technologies Inc. is rolling out a new safety feature that lets parents or guardians view a video livestream of their teenager’s ride. The feature uses the selfie camera on the driver’s phone and notifies an authorized guardian if a livestream is available for viewing within the Uber app.

-Target (TGT) shares fall. Target apologized on Monday and said it had pulled a Halloween costume from sale depicting a circus ​clown that critics said evoked Blackface and minstrel shows, Reuters reported. “As a company, we know we got this wrong, and we are deeply sorry,” Target said in a statement. “The costume is offensive and should never have ​been part of our assortment. 

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On this episode of Stock Movers:

-Zoom (ZM) shares are mixed. Zoom Communications sales are expected to have risen 4.2%, with phone, customer experience and AI monetization augmenting the mature meetings core, Bloomberg Intelligence said. The company’s main growth engine, Enterprise, could gain 6% “fueled by larger, longer-term platform deals, midteens annual recurring revenue growth in Zoom Phone and up-market gains,” BI added.

-Dick's Sporting Goods (DKS) shares plummet. Dick’s Sporting Goods Inc. sank after the Foot Locker chain it acquired last year continued to struggle, raising doubts about the broader sneaker market. The company now expects net sales to be in a range of $21.9 billion to $22.2 billion in the current fiscal year, down from its previous forecast.

-Navitas (NVTS) shares rise after the company announced a definitive agreement to acquire Claros Inc. The transaction is valued at up to about $233 million, based on the per share closing price of Navitas’ stock on Aug. 21, according to a company statement. The deal is comprised of about $216 million to be paid at closing in a combination of cash and shares of the Company’s Class A common stock.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Dick's Sporting Goods (DKS) shares are plummeting as it lowered its full-year outlook amid weakness at its recently acquired Foot Locker unit.

- Apple (AAPL) shares are slightly lower as the tech giant is gearing up to launch a new version of its Mac mini desktop computer for the first time in almost two years, according to people familiar with the matter.

- SpaceX (SPCX) shares are higher in the premarket as Elon Musk says SpaceX's first AI satellites, powered by Nvidia chips, will initially launch in the fourth quarter of next year and hit "significant scale" in 2028.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Nvidia (NVDA) is climbing this morning ahead of earnings tomorrow as chip stocks rise on the morning. The software stocks are moving in the opposite direction as a part of the AI trade.

- SpaceX (SPCX) shares are higher in the premarket as Elon Musk says SpaceX's first AI satellites, powered by Nvidia chips, will initially launch in the fourth quarter of next year and hit "significant scale" in 2028.

- Apple (AAPL) shares are slightly lower as the tech giant is gearing up to launch a new version of its Mac mini desktop computer for the first time in almost two years, according to people familiar with the matter.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- CVC Capital Partners and EQT AB are among the large buyout firms considering potential bids for a majority stake in Siemens Energy steam turbines business, according to people familiar with the matter.

- Leonardo Maria Del Vecchio unexpectedly resigned from his roles at EssilorLuxottica, becoming the second heir of the eyewear maker’s founder, the late Leonardo Del Vecchio, to leave the company this year.

- Kitron shares advance as much as 9.6% after Pareto upgraded to buy, saying improved revenue guidance may imply limited changes to consensus but does reflect an easing of supply chain issues for the Norwegian electronics contract manufacturer.

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