On this episode of Stock Movers:- Dell (DELL) shares fell in trading today after Morgan Stanley downgraded it. A memory “supercycle” increasingly poses a risk to earnings of hardware original equipment and design manufacturers (OEMs and ODMs), Morgan Stanley analysts wrote as they cut ratings on HP, Dell, Pegatron and Asustek to underweight.- Several online travel agencies, including Expedia (EXPE) declined today after Alphabet's Google announced the launch of an AI-powered feature that allows users to book flights and hotels. Expedia fell as much as 6.1%, the most intraday since May 9.- Alphabet (GOOG) rallied on the news that Warren Buffett’s Berkshire Hathaway Inc. acquired 17.9 million shares of it. Berkshire’s Alphabet stake, representing 0.31% of the outstanding shares, according to a regulatory filing Friday, was worth about $4.9 billion as of the market close.See omnystudio.com/listener for privacy information.
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Closing Bell: Vita Coco Rises, Dell and Nvidia Fall
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Carol Massar.On this episode of Stock Movers:- Vita Coco (COCO) shares rise 5.1% ahead of the bell after BofA analyst Peter Galbo upgrades his recommendation on the coconut water company to buy from neutral, after President Donald Trump issued an order on Friday reducing tariffs on hundreds of food products that can’t be produced in the US in sufficient quantity to meet domestic demand, including coconuts. - Dell (DELL) shares are sliding after Morgan Stanley downgraded it due to sluggish demand. Shares of Dell declined nearly 10% during trading on Monday.- Peter Thiel’s hedge fund Thiel Macro sold off its holdings in Nvidia (NVDA) during the third quarter, according to a 13F filing. The fund offloaded its entire position of 537,742 shares in the world’s premier AI chipmaker, which would have been worth about $100 million based on the closing price from Sept. 30. The filing comes not long after SoftBank Group Corp. announced a similar move to sell off its shares in Nvidia in October for $5.83 billion.See omnystudio.com/listener for privacy information.
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Alphabet Leads Big Tech Gains, Dell Falls, StubHub Sinks
On this episode of Stock Movers: - Alphabet (GOOG) shares are rallying on news that Warren Buffett’s Berkshire Hathaway acquired 17.9 million shares in the Google parent during the third quarter. Buffett, 95, who plans to step down as chief executive officer at year-end, has been finding ways to deploy some of Berkshire’s cash pile, which rose to a record $382 billion at the end of the quarter - Dell (DELL) shares are sliding after Morgan Stanley downgraded it due to sluggish demand. Shares of Dell declined nearly 10% during trading on Monday. - StubHub (STUB) and Live Nation shares declined after Financial Times reports that the UK plans to ban the resale of tickets for live events above their original cost. According to analysts at Bloomberg Intelligence, the potential move would "be a dramatic step to combat scalping, given prior proposals were for a cap at 30% above face value. Yet the move would likely have a limited effect on platforms like StubHub and Vivid Seats, given the vast majority of their transactions are in North America."See omnystudio.com/listener for privacy information.
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Amazon Drops, Nvidia Falls, Alphabet Surges After Berkshire Hathaway Reveals Stake
On this episode of Stock Movers:- Amazon (AMZN) shares fall on news that the company is seeking to raise about $12 billion through a debt offering — its first such deal in US dollars in about three years. The company is selling investment-grade bonds in as many as six parts, with proceeds that may be used for acquisitions, capital expenditures, and share buybacks.- Nvidia (NVDA) shares drop after news that Peter Thiel’s hedge fund Thiel Macro LLC sold its stake in the company during the third quarter, offloading its entire position of 537,742 shares.- Alphabet (GOOGL) shares gained after a report said Warren Buffett's Berkshire Hathaway said it took a stake in Google's parent company last quarter.See omnystudio.com/listener for privacy information.
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Alphabet Surges, Quantum Computing Rises, Johnson & Johnson Gains on News of Halda Deal
On this episode of Stock Movers:- Alphabet (GOOGL) shares surge after a report said Warren Buffett's Berkshire Hathaway said it took a stake in Google's parent company last quarter.- Quantum Computing (QUBT) after news that Alyeska Investment Group reported a position in Quantum Computing Inc. in the third quarter, 3 percent of the company's outstanding stock.- Johnson & Johnson (JNJ) shares gain after news that the company agreed to buy Halda Therapeutics for $3.05 billion cash as part of a strategy to cope with eroding sales for its major psoriasis drug.See omnystudio.com/listener for privacy information.
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