Show Notes
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Tesla (TSLA) shares are rising after the company unveiled its new Roadster sports car, which will give the company another offering in its lineup when it goes on sale. - JB Hunt (JBHT) is lower as it aims to improve margins by raising prices after rising costs weighed on third-quarter profitability. - Varonis (VRNS) shares are climbing on news Proofpoint will acquire Varonis in a transaction worth $6.3 billion. - Alcoa (AA) is rising after the aluminum producer reported third-quarter adjusted earnings that beat estimates, helped by higher aluminum production See omnystudio.com/listener for privacy information.
More from Stock Movers
Today's biggest winners and losers in the stock market.
Today's biggest winners and losers in the stock market.
Today's biggest gainers and decliners in the stock market. On this episode of Stock Movers: Bloom Energy (BE) shares are down after the fuel cell company reported results. Oppenheimer noted that the company had negative cash flow from operations, and Citi said the stock was “crowded” before the print. Shares declined as much as 11% as of 3pm in New York. GM (GM) shares are set to record their worst week in more than three years, leading a wider selloff in automotive stocks on Friday. Yet, bullish Wall Street analysts are doubling down on the carmaker. Analysts at BNP Paribas, Evercore ISI, and RBC Capital Markets say to buy the dip in GM after Tuesday’s earnings. BNP’s James Picariello reiterated his buy-equivalent rating, citing the company’s “severely discounted valuation” and unparalleled execution. Palo Alto (PANW) shares rose as much as 6.8%, leading a broader gain in cybersecurity stocks after a top executive at Anthropic warned that mass cybersecurity disruptions are about to “get a lost worse before they get better.” See omnystudio.com/listener for privacy information.
On this episode of Stock Movers: - Deckers Outdoor (DECK) shares shares slide as much as 8.4%, the most intraday in about a year, after the owner of the UGG and Hoka brands cut its full-year net sales guidance to below consensus. Analysts note that US consumer demand remains challenging. - T-Mobile (TMUS) shares fall. Tower companies gain and wireless carriers slide after SpaceX was said to be targeting 80,000 or more US cell sites, with talks underway with at least one infrastructure owner. - Moderna (MRNA) shares drop. Moderna Inc. and Merck & Co. shares plummeted after data on the companies' personalized melanoma vaccine wasn't enough to prove to investors that a new era of cancer treatments has arrived. The vaccine, given with Merck's Keytruda, slashed the risk of cancer recurrence by 42% and reduced the chances of distant spread by 38% in a trial of over 1,100 patients. See omnystudio.com/listener for privacy information.
On this episode of Stock Movers: - American Express (Amex) shares drop. American Express Co. is cutting 5% of its headcount globally as Chief Executive Officer Steve Squeri seeks to keep a lid on the company’s rising costs. The company has been facing consistent pressure to keep and retain its premium card members, and has been refreshing certain cards and adding new perks to do so, which has boosted costs. Amex posted third-quarter earnings that beat estimates, but billed business came in shy of the average estimate, and the company is also facing a $350 million fine due to anti-money-laundering violations. - Crown Castle (CCI) shares jump. SpaceX is working to secure access to cell towers and has been looking for access to 80,000 cell sites in the U.S. The company's moves are upending wireless stocks. - Deckers Outdoor (DECK) shares shares slide as much as 8.4%, the most intraday in about a year, after the owner of the UGG and Hoka brands cut its full-year net sales guidance to below consensus. Analysts note that US consumer demand remains challenging. See omnystudio.com/listener for privacy information.