Stock Movers

Today’s biggest winners and losers in the stock market, a look at the notable movers: 

On this episode of Stock Movers: 

• A deepening sell-off in chip and memory stocks dragged all four major U.S. equity indexes lower by midday Tuesday. Samsung Electronics set the tone for the broader market overnight. The South Korean memory-chip maker forecast a huge surge in profit, but that wasn’t enough to stop investors from ditching shares. Micron Technology (MU) dropped 5.4%. Intel dropped (INTC) 9.2% and Advanced Micro Devices (AMD) was down 5.6%. 
• Shares of Rivian Automotive (RIVN) tumble more than 15% after the electric vehicle firm said it will sell 75 million shares to fund equity contributions related to a US Department of Energy loan. The offering would raise about $1.5 billion at the closing price of $20.14 per share, with Goldman Sachs Group Inc. leading the share sale. Rivian intends to use the proceeds for purposes including making contributions under the amended loan agreement with the Department of Energy. 
• Fiserv (FISV) shares rise as much as 6.9% after the Wall Street Journal reported that big Wall Street banks have held preliminary discussions about a deal to acquire a debit network owned by the financial-technology company. JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group were the banks involved in the discussions, according to the WSJ.

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On this episode of Stock Movers:
- Rivian (RIVN) tumbled after the electric vehicle maker said it will sell 75 million shares to fund equity contributions related to a US Department of Energy loan. The offering would raise about $1.5 billion at the closing price of $20.14 per share, with Goldman Sachs Group Inc. leading the share sale.
- Fiserv (FISV) shares gain after the Wall Street Journal reported that big Wall Street banks have held preliminary discussions about a deal to acquire a debit network owned by the financial-technology company. JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group were the banks involved in the discussions, according to the WSJ.
- Crinetics Pharmaceuticals (CRNX) shares rise. Crinetics Pharmaceuticals Inc. agreed to buy Crinetics Pharmaceuticals Inc. for $10 billion in cash to expand into endocrinology. The deal values Crinetics at $8.8 billion net of cash acquired and will boost Vertex’s adjusted operating income in 2029.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Rivian (RIVN) tumbled after the electric vehicle maker said it will sell 75 million shares to fund equity contributions related to a US Department of Energy loan. The offering would raise about $1.5 billion at the closing price of $20.14 per share, with Goldman Sachs Group Inc. leading the share sale.
- First Solar (FSLR) shares rise after Deutsche Bank upgraded the company to buy from hold. First Solar is a “fundamentally strong business for investors looking for a US based panel production company along with a strong balance sheet,” writes analyst Corinne Blanchard.
- Fiserv (FISV) shares gain after the Wall Street Journal reported that big Wall Street banks have held preliminary discussions about a deal to acquire a debit network owned by the financial-technology company. JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group were the banks involved in the discussions, according to the WSJ.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Fiserv (FISV) is climbing as the Wall Street Journal reports big banks including JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group have held preliminary discussions about a deal to acquire a network owned by the financial-technology company Fiserv.
- Crinetics Pharmaceuticals (CRNC) is soaring after Vertex Pharmaceuticals agreed to buy Crinetics for $10 billion in cash to expand into endocrinology.
- SpaceX (SPCX) is lower even though at least six brokers, including Morgan Stanley and Goldman Sachs, have started coverage of SpaceX with buy-equivalent ratings. SpaceX’s addition to the Nasdaq 100 should provide considerable support to the stock, considering the number of funds that track the tech-heavy benchmark.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Micron (MU) and Sandisk (SNDK) are both lower off of Samsung news. Samsung's quarterly profit surged, prompting investors to cash out of a near-150% rally this year that had baked in the AI-fueled growth. Revenue more than doubled to 171 trillion won, and analysts expect memory shortages to last through 2027 at least, giving Samsung and rivals enormous pricing power. But the company’s shares slid more than 10% in Seoul, leading a plunge in the benchmark Kospi that triggered a brief circuit-breaker suspension, despite posting preliminary operating income of 89.4 trillion won for June quarter.t
- SpaceX (SPCX) is lower even though at least six brokers, including Morgan Stanley and Goldman Sachs, have started coverage of SpaceX with buy-equivalent ratings. SpaceX’s addition to the Nasdaq 100 should provide considerable support to the stock, considering the number of funds that track the tech-heavy benchmark.
- Fiserv (FISV) is climbing as the Wall Street Journal reports big banks including JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group have held preliminary discussions about a deal to acquire a network owned by the financial-technology company Fiserv.
- Crinetics Pharmaceuticals (CRNC) is soaring after Vertex Pharmaceuticals agreed to buy Crinetics for $10 billion in cash to expand into endocrinology.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Soitec and other European tech stocks fell as volatility hit chipmakers anew after blowout earnings from Samsung left investors wanting even more.
- Chinese carmaker BYD first approached Renault about two years ago to buy a stake in the French carmaker, which ended partnership discussions at the time, newspaper Les Echos reports Tuesday, without identifying the source of the information.
- Beauty Tech Group forecast revenue for the full year of at least GBP170 million.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- European semiconductor stocks are falling across the board after Samsung Electronics reported preliminary results that failed to meet higher investor expectations. Shares in ASML fell as much as 5.1%.
- Shell has had another strong oil and gas trading result in the second quarter as it benefited from the market turmoil caused by the Iran war. Shares rose as much as 2.6%.
- Saab shares rise as much as 7% as Morgan Stanley upgrades to overweight ahead of a planned NATO summit.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Samsung's quarterly profit surged 19-fold but failed to impress investors used to eye-catching growth numbers from the suppliers of chips to the global AI boom. Shares in Samsung fell as much as 10.6%
- Japanese banks provided the biggest support to the Nikkei 225 stock average, though they pared earlier gains after Japan’s 30-year government bond auction drew strong demand, sending yields lower. Mitsubishi UFJ Financial Group shares rose as much as 4.4%.
- Chinese Internet names rally as their models continue to improve and benefit from tech rotation. Shares in Tencent rose as much as 6%.

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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:

- Vertex Pharmaceuticals (VRTX) agreed to buy Crinetics Pharmaceuticals (CRNX) for $10 billion in cash to expand into endocrinology, including medicines for acromegaly and hormone disorders. The purchase price of $85 per share is a 102% premium over where Crinetics shares closed on Monday. The deal, which has been approved by both boards, is expected to close in the third quarter.

- Honeywell International spinoff Solstice Advanced Materials (SOLS) will acquire Element Solutions in a cash-and-stock deal valued at about $14.5 billion, creating a market leader in the specialty chemicals sector. Element shareholders will receive $10 in cash and half a share of Solstice stock for each Element share, according to a statement Monday. That represents an implied value of about $50.10 per Element share, for a premium of roughly 15% over its July 2 closing price.

- TeraWulf (WULF) shares rose as much as 19%, the most since February, after it signed a 20-year lease with Anthropic for its Justified Data campus in Kentucky and agreed to sell its majority stake in the Abernathy joint venture to a Fluidstack-led investor group.

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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 Bostick, Katie Griefeld, Carol Massar and Emily Graffeo

- A powerful rebound in semiconductor stocks lifted Wall Street on Monday, driving the tech-heavy Nasdaq 100 sharply higher, as investors dumped defensive corners of the market in a broad risk-on rotation. The session’s driving force was memory. A DRAM-sector surge rippled across chipmakers ahead of Samsung‘s quarterly sales updates and SK Hynix‘s planned U.S. listing this Friday, with the market betting the artificial-intelligence trade that has powered the bull run still has room to run.

-Shares of O’Reilly Automotive (ORLY) extend Thursday’s decline, dropping 7.0% to the lowest level since January 2025 after last week’s report that the firm has expressed interest in acquiring Genuine Parts Co.’s auto-parts segment. Just before the holiday weekend, Bloomberg reported that O'Reilly may be willing to spend $10 billion or more in a cash bid for the auto parts arm of Genuine Parts. The news comes after Genuine Parts announced in February that it would split the company, breaking up the automotive and industrial sides of the business in the first quarter of 2027. O'Reilly did not return requests for comment. Broadcom (AVGO) gained 3.8%

- JB Hunt Transport Services (JBHT) shares are down 2% premarket after Morgan Stanley analyst Ravi Shanker cut the recommendation on the intermodal freight carrier to underweight from equal-weight. The stock’s valuation is “unjustifiable” after a rally, and intermodal carriers will benefit from an upturn in the freight transportation sector “with later and smaller gains than the market expects,” the analyst wrote in a note.

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