Stock Movers

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, Isabelle Lee, Carol Massar and Tim Stenovec

- IBM (IBM) shares gained after the company announced it has joined the OpenAI Daybreak Cyber Partner Program. 

- Avis (CAR) shares ended the day higher as the rental company is set to receive $650 million in cash as part of a settlement agreement with Pentwater Capital Management to resolve a lawsuit regarding short-swing profits, according to a filing.

- The Philadelphia Semiconductor Index (SOX) plunged 7.9% as semiconductor companies were hit with doubts about the sustainability of the AI-driven rally.

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On this episode of Stock Movers:

- Micron (MU) and Sandisk (SNDK) shares sink amid weakness in the memory sector. A global selloff in the shares of chipmakers dragged US indexes sharply lower amid doubts about the sustainability of the AI-fueled tech rally.

- Fedex shares (FDX) fall ahead of earnings. Investors are waiting to hear management’s expectations for the company’s slimmed-down core parcel business following the spinoff of its freight unit earlier this month.

- Best Buy (BBY) shares slip  after the company said Matt Bilunas will step down as CFO and depart the retailer at the end of July after 20 years, including seven years as CFO.

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On this episode of Stock Movers:
- SpaceX (SPCX) shares fluctuated at the open Tuesday, after a three-day selloff that wiped off more than $600 billion from the Elon Musk-led rocket and satellite company’s market value. The stock fell as much as 3.9%, briefly dipping below the $150 level at which it opened during its trading debut earlier this month.
- IBM (IBM) shares gain. IBM resisted a broad tech selloff after a Wall Street upgrade. Morgan Stanley analyst Erik Woodring raised the target on International Business Machines Corp. to $267 from $225. Maintains equal-weight rating.
- Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator’s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are down. Super Micro Computer-backed Argentum AI has signed two major long-term AI infrastructure deals worth a total of $7.8b to deploy 47,000 Nvidia GB300 chips at a 300-megawatt data center in Poland, Barron’s reports, citing the company.
- AMC (AMC) shares tumble. The movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.
- Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator’s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SpaceX (SPCX) is heading towards it fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure.
- IBM (IBM) shares are climbing on news IBM and OpenAI are bringing AI to cyber defense.
- AMC Entertainment (AMC) shares are lower after the movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Micron (MUS) and Sandisk (SNDK) shares are declining in a hit to memory stocks. Investors are closely watching Micron this week as they're set to report a key earnings report for the market tomorrow.
- SpaceX (SPCX) is heading towards it fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure.
- IBM (IBM) shares are climbing on news IBM and OpenAI are bringing AI to cyber defense.
- Avis (CAR) shares are moving up as the rental car company entered into a settlement agreement with Pentwater Capital Management and affiliated persons to resolve a lawsuit seeking recovery of short-swing profits, the company says in a filing.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- AI-exposed stocks that have soared this year due to optimism over the data-center buildout are pulling back on Tuesday, following a retreat in South Korea’s benchmark Kospi and Nasdaq 100 futures. Nokia fell as much as 5.1%.
- Heineken appointed Rafael Oliveira chief executive officer, as the Dutch brewer breaks with habit by hiring an outsider to try to reverse a slump in demand. Shares rose as much as 3.2%.
- Signify plunges as much as 18%, the most on record, after the Dutch lighting manufacturer announced new medium-term targets and an updated dividend policy that analysts say would mean big cuts to shareholder payouts.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- AI-exposed stocks that have soared this year due to optimism over the data-center buildout are pulling back on Tuesday, following a retreat in South Korea’s benchmark Kospi and Nasdaq 100 futures. STMicro fell as much as 5.1%.
- Heineken appointed Rafael Oliveira chief executive officer, as the Dutch brewer breaks with habit by hiring an outsider to try to reverse a slump in demand. Shares rose as much as 3.2%.
- Signify plunges as much as 18%, the most on record, after the Dutch lighting manufacturer announced new medium-term targets and an updated dividend policy that analysts say would mean big cuts to shareholder payouts.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- SpaceX (SPCX) shares slipped for a third straight day after the Elon Musk-led company said it is selling investment-grade bonds for the first time, part of what’s expected to be a massive borrowing spree to fund its artificial-intelligence ambitions.The stock fell as much as 10% Monday morning in New York. The drop follows a retreat of more than 8% over Wednesday and Thursday, before the US market closed Friday for the Juneteenth federal holiday.

- Lucid (LCID) Group shares decline 1.1% in premarket trading Monday as the electric vehicle firm cut its US workforce by around 18%, including full-time employees, contractors and hourly production workers, and eliminated its Chief Operating Officer position.

- Getty Images (GETY) shares soar as much as 136% on Monday, the most intraday since July 2022, as the company announced a display partnership With OpenAI. Under the partnership, Getty Images’ licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT, according to a statement.

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, Katie Griefeld, Carol Massar and Tim Stenovec

- Super Micro Computer (SMCI) shares jumped as much as 20% on Monday, the most in more than a month, after GF Securities Co. Ltd. raised its rating on the server maker to buy from hold. Analyst Evan Lee sees “higher AI server visibility,” while recent weakness has created “an attractive entry point, as the underlying demand fundamentally strengthens its long-term growth.”

- Alphabet (GOOGL) shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.The stock fell as much as 7.2%, the most intraday since February, after Google DeepMind Vice President John Jumper said over the weekend he was leaving for Anthropic. Last week, one of Google’s most prominent researchers, Noam Shazeer, announced he was leaving for OpenAI.

-Netflix (NFLX) shares are falling on Monday, with the streaming-video company extending a selloff that has taken it to its lowest level in more than a year. Shares down 6.2%, their biggest intraday percentage drop since April; the stock is trading at its lowest since October 2024.

See omnystudio.com/listener for privacy information.