Show Notes
Today's biggest gainers and decliners in the stock market. On this episode of Stock Movers: Meta (META) boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Meta shares rose more than 6% in after-hours trading on Wednesday. They had gained about 6% this year through the close in New York. Tesla (TSLA)’s third-quarter profit beat estimates, potentially assuaging concerns about the electric vehicle maker’s increased investment into new areas such as robots and artificial intelligence. The results give Tesla some breathing room as it chases Chief Executive Officer Elon Musk’s futuristic vision of self-driving cars and humanoid robots. Shares initially rose in postmarket trading. IBM (IBM) reported sales that topped analysts’ estimates, saying it had recovered most of the infrastructure deals that were delayed earlier this year. The shares gained about 5% in extended trading after closing at $251.46 in New York. The stock declined 15% this year through Wednesday’s close. See omnystudio.com/listener for privacy information.
More from Stock Movers
Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Bloom Energy (BE) boosted its revenue guidance for the full year; the guidance beat the average analyst estimate. Shares fell in post-market trading. - Omnicom (OMC) reported adjusted earnings per share for the third quarter that beat the average analyst estimate. Coca-Cola has selected the company as its media partner in North America, while retaining WPP Open X as its global media partner outside of North America, Japan and South Korea, following a global marketing operating system review. - Western Digital (WDC) forecast better-than-expected earnings and hiked its dividend, underscoring strong demand for data storage fueled by the artificial intelligence boom. The hard-drive maker expects adjusted earnings per share of as much as $6 in its fiscal second quarter, well ahead of analyst expectations of $4.80, according to a statement Thursday. It also raised its dividend by 17%. Shares rose 2% in extended trading initially, before turning negative. See omnystudio.com/listener for privacy information.
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, Jess Menton, Carol Massar and Tim Stenovec. - Western Digital (WDC) forecast better-than-expected earnings and hiked its dividend, underscoring strong demand for data storage fueled by the artificial intelligence boom. The hard-drive maker expects adjusted earnings per share of as much as $6 in its fiscal second quarter, well ahead of analyst expectations of $4.80, according to a statement Thursday. It also raised its dividend by 17%. Shares rose 2% in extended trading, although the stock was volatile and briefly went negative. - Deckers Outdoor (DECK) shares are down 8.1% in extended trading after the footwear company cut its net sales guidance for the full year, which also fell short of the consensus estimate. While the 2027 earnings per share forecast was raised, the company noted the outlook includes a one-time benefit from tariff refunds. - Bloom Energy (BE) boosted its revenue guidance for the full year; the guidance beat the average analyst estimate. See omnystudio.com/listener for privacy information.
Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Tesla (TSLA) shares pare losses after falling as much as 3.3% Thursday as traders weigh its lower spending outlook against a profit beat and potential merger with SpaceX. BNP Paribas analyst James Picariello boosted his rating on the electric-vehicle maker to neutral from sell as the possible takeover outweighs valuation concerns. The company had been consistently short of the pace needed to hit its spending goal, particularly after a $4.73 billion outlay in the third quarter, with analysts having expected $7.95 billion on average. Tesla beat analysts’ profit estimates and touted rising customer demand for its automated-driving software, with adjusted earnings of 48 cents a share in the period, while Wall Street had anticipated 44 cents on average. - A measure of Meta Platforms (META) credit risk hit a record high as plans to ramp up capital spending reignited fears that tech giants will issue more debt for the artificial intelligence buildout. The price of five-year credit default swaps on Meta's debt rose to around 119.3 basis points a year, the highest intraday level since the swaps started actively trading about a year ago. Meta said it has agreed to spend about $825 billion in the future on various leases and contracts, many of them related to computing power and infrastructure for artificial intelligence. Meta shares are lower. - American Air (AAL) shares rise as the company’s broad-based third-quarter beat and guidance for better-than-expected revenue growth in the fourth quarter offset concerns about elevated fuel costs and capacity growth. American expects fuel expenses to be about $2.8 billion higher in the fourth quarter compared to a year earlier. American Air shares initially declined before turning positive in the afternoon. See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:
On this episode of Stock Movers: