Stock Movers

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, Alex Semenova and Tim Stenovec.

- Shares of Madison Square Garden Sports (MSGS) jump as much as 4.2% to touch a record high intraday after the New York Knicks completed a 4-0 series sweep over the Cleveland Cavaliers to advance to the NBA Finals for the first time since 1999. MSGS shares are up 41% this year, on pace for a record annual return

- Beer stocks including Molson Coors, Constellation Brands, Boston Beer and Anheuser-Busch are trading lower on Tuesday as the latest industry sales data from Circana and Nielsen showed lackluster trends. Molson Coors -3.5%, Constellation Brands -3.5%, Boston Beer -3.3% and Anheuser-Busch InBev -1.4%

- Ferrari (RACE) shares fell almost 8% after critics panned the look of its first fully electric vehicle, a setback for the Italian super-car maker’s controversial push into EVs. The unveiling of the €550,000 ($640,000) Ferrari Luce drew largely negative reactions from industry analysts and social media influencers alike, who compared the four-door, five seater’s design to mass-market EVs. For the Luce, Ferrari moved away from the style associated with design chief Flavio Manzoni and tapped Apple Inc.’s former head of design, Jony Ive, to shape the vehicle.

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

On this episode of Stock Movers:
--Micron Technology's (MU) market capitalization will more than double over the next 12 months, according to at least one analyst. UBS Group AG boosted its price target for Micron Technology to $1,625, roughly 116% higher than its close on Friday of $751. The new guidance implies a market value of more than $1.8 trillion, larger than the current market capitalization of companies like Meta Platforms Inc., Tesla Inc. and Berkshire Hathaway Inc.

- AutoZone (AZU) shares fall 5.2% in premarket trading after the retailer of automotive replacement parts posted comparable sales for the third quarter that fell short of Wall Street’s expectations.

-Shares in rocket and satellite companies rally Tuesday and are set to extend recent gains. The sector has advanced since SpaceX filed publicly for what stands to be the largest ever initial public offering. Among movers: Redwire +25%, MDA Space +10%, Firefly Aerospace +18%, Intuitive Machines +19%, AST SpaceMobile +17%, York Space Systems +15%, Voyager Technologies +10%, Satellogic +12%, EchoStar +5.9%

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On this episode of Stock Movers:
- Pony AI (PONY) shares rise. Pony AI Inc. raised its robotaxi fleet target for this year by 500 vehicles to 3,500 after reporting stronger-than-expected first-quarter revenue. The company posted 145% on-year revenue growth to $34.3 million in the three months ended March, beating the $21.7 million average analyst estimate.
- Autozone (AZO) shares slide. The retailer of automotive replacement parts posted comparable sales for the third quarter that fell short of Wall Street’s expectations.
- Micron Technology (MU) shares gain. UBS raised its price target on the memory chipmaker to a Street-high view of $1,625, up from $535. The target implies the stock will more than double off its premarket price of roughly $800, and would represent a market capitalization of $1.8 trillion, suggesting Micron will cement its recent status as one of the largest companies in the world, and one of the most important companies of the AI trade.

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On this episode of Stock Movers:
- Eli Lilly (LLY) shares rise. Eli Lilly & Co. is buying three clinical-stage vaccine developers for as much as $3.8 billion, leveraging its obesity-fueled dominance to establish itself as a leader in other areas and become a major player in infectious diseases.
- Micron Technology (MU) shares gain. UBS raised its price target on the memory chipmaker to a Street-high view of $1,625, up from $535. The target implies the stock will more than double off its premarket price of roughly $800, and would represent a market capitalization of $1.8 trillion, suggesting Micron will cement its recent status as one of the largest companies in the world, and one of the most important companies of the AI trade.
- Redwire shares rise. Shares in rocket and satellite companies rally Tuesday and are set to extend recent gains. The sector has advanced since SpaceX filed publicly for what stands to be the largest ever initial public offering.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- AutoZone (AZO) shares fall after the retailer of automotive replacement parts posted comparable sales for the third quarter that fell short of Wall Street’s expectations.
- Ferrari (RACE IM) shares fell almost 8% after critics panned the look of its first fully electric vehicle, a setback for the Italian super-car maker’s controversial push into EVs.
- Eli Lilly (LLY) agreed to buy three vaccine developers for as much as $3.8 billion, marking the drugmaker’s re-entry into the infectious disease space.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Ferrari (RACE IM) shares fell after critics panned the look of its first fully electric vehicle, a setback for the Italian supercar maker’s controversial push into EVs.
- Eli Lilly (LLY) agreed to acquire Curevo, LimmaTech Biologics and Vaccine Company for a combined total of up to $3.83 billion in cash, according to a statement.
- Uber Technologies (UBER) has offered to take over Delivery Hero SE in a deal that would value the German delivery company at about $11.6 billion as it seeks to ramp up competition with DoorDash Inc. outside the US.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Morgan Stanley says “complacency after sharp earnings cuts” offers some opportunities within European airlines, as it names IAG its top pick, upgrades Air France-KLM to overweight and downgrades Lufthansa to underweight.
- Kingfisher shares rise as much as 8.3%, briefly hitting a two-month high, after the DIY-retailer reported first-quarter sales and reiterated its guidance, which analysts said is providing some reassurance following recent pressure on the stock.
- Ferrari shares fell almost 8% in Milan after the Italian super-car maker unveiled the Luce, its first fully electric vehicle, marking a sharp setback for one of the industry’s most closely watched EV debuts.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Ferrari shares fell almost 8% in Milan after the Italian super-car maker unveiled the Luce, its first fully electric vehicle, marking a sharp setback for one of the industry’s most closely watched EV debuts.
- Kingfisher shares rise as much as 8.3%, briefly hitting a two-month high, after the DIY-retailer reported first-quarter sales and reiterated its guidance, which analysts said is providing some reassurance following recent pressure on the stock
- Julius Baer has been raised to buy at Citi.

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Earnings are in focus with Salesforce, Dell, and Abercrombie and Fitch reporting in the coming days.
Bloomberg's Nathan Hager previews the numbers with Avalon Pernell, Bloomberg Equities Reporter.

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On this episode of Stock Movers, we take a look at some of the biggest gainers and decliners of the week:

- Dell Technologies (DELL) surged to a new 52-week high after Wall Street analysts raised price forecasts ahead of the company’s upcoming earnings report. The stock also got a boost from rival Lenovo’s upbeat quarterly results and Dell's major product launches and expanded partnerships at Dell Technologies World 2026.

- Walmart (WMT) warned rising fuel costs are squeezing the company’s bottom line and could lead to higher prices for shoppers. The company said comparable sales in US stores, excluding fuel, rose in the latest quarter, but forecast adjusted profit for the second quarter that missed expectations.

- Intuit (INTU) suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated. The company expects to incur about $320 million in restructuring charges and will trim costs while investing in artificial intelligence products to simplify the organization.

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