On this episode of Stock Movers:- Nvidia (NVDA) is lower after China’s internet watchdog has instructed companies including Alibaba and ByteDance to terminate orders for Nvidia’s RTX Pro 6000D, the Financial Times reported. The Cyberspace Administration of China told companies to stop testing the chip and cancel existing orders, according to the FT.- Baidu (BIDU) jumped in Hong Kong as optimism over its AI chip potential grows. The stock soared after Arete Research Services LLP lifted its rating on Baidu's American depositary receipts to buy from sell. Baidu's chip venture has the potential to more than offset the drag from its struggling online advertising business, according to Arete analysts.- Eli Lilly (LLY) is down on news Novo Nordisk A/S is working on a strategy to make obesity treatment more personalized and wants to offer options for every kind of patient.See omnystudio.com/listener for privacy information.
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Novo Nordisk Rises, Centrica Gains, Inditex Up
On this episode of Stock Movers: - Novo Nordisk received an upgrade to buy from hold at Berenberg, which switches its preferences within the obesity sector to make the Danish company its top pick instead of Eli Lilly. - Morgan Stanley upgraded Centrica's stock to an overweight, or buy, rating. Their analyst made Centrica the new top pick within UK utilities. The shares aren’t even fully valuing its existing business, let alone potential upside from deals including Sizewell C and the Grain LNG terminal, a note said. - Inditex gained to outperform peers as UBS raised the recommendation on the Zara owner to buy from neutral. Analysts at UBS said they felt confident in its long term growth following a strong start to the autumn-winter season.See omnystudio.com/listener for privacy information.
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Hershey Rises, Hims & Hers Drops, Warner Bros. Discovery Falls
On this edition of Stock Movers:- Hershey (HSY) shares climbed today after Goldman Sachs wrote in a note saying the chocolate maker's market-share trends are improving, and there are incremental tailwinds ahead for the chocolate and confectionery company, Goldman Sachs writes in note as double-upgrades to buy. Analyst Leah Jordan says Hershey has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26. Cost pressures from tariffs and price of cocoa are well understood and now reflected in expectations, which leaves a more compelling risk profile. Previous negative view on the company had been mainly based on market-share losses in US, but trends are showing some signs of improvement.- Hims & Hers Health (HIMS) shares slid today after the FDA sent a warning letter to the telehealth platform, saying the company’s claims about compounded semaglutide products on their website are false or misleading.- Warner Bros. Discovery (WBD) shares fell as TD Cowen downgraded to hold from buy after the stock rallied even as Paramount is still to make an official offer. Analyst Douglas Creutz says the stock has surged “well beyond our $14 price target following last week’s unsubstantiated report that Paramount Skydance may be considering a bid for the company” “While PSKY may come in with a $20+ bid, we don’t love the risk-reward here given the potential for WBD shares to quickly round-trip to $11-$12 if the bid doesn’t materialize”. Downgrade reflects “the speculative nature of the current rally and the elevated risk profile at these levels”.See omnystudio.com/listener for privacy information.
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Closing Bell: Oracle Pops on TikTok News, Ralph Lauren Falls, The New York Times Stock Down
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 Greifeld, Carol Massar and Tim Stenovec.- Oracle (ORCL) shares rose today. TikTok’s American operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week. The tentative agreement, unveiled on Monday by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app with Oracle, Andreessen and Silver Lake all holding stakes in the new venture, according to people familiar with the matter. Under the deal, ByteDance Ltd.’s stake in TikTok would be reduced to below 20% to satisfy a US national security law passed in 2024 requiring the Beijing-based company to divest or face a ban in the American market. If completed, with the blessing of Trump and Xi, the transaction would allow the video-sharing platform to keep operating in the US and remove a sticking point in US-China relations.- Ralph Lauren (RL) shares dropped today after the apparel company sees revenue growth remaining similar to recent rates over the next three years. The New York-based retailer is projecting sales to grow at a mid-single-digit percentage annually through fiscal 2028, according to a statement Tuesday. That’s roughly in-line with estimates from analysts compiled by Bloomberg. But it’s also slower growth than the company has posted in recent quarters.- The New York Times (NYT) shares are down today. President Trump filed a $15 billion defamation suit against the Times and Penguin Random House LLC, accusing the paper of serving as a “mouthpiece” for the Democrats.See omnystudio.com/listener for privacy information.
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Oracle Climbs, United Airlines Down
On this edition of Stock Movers: - Oracle (ORCL) shares climbed today on news that negotiations over the future of TikTok are progressing, relieving some uncertainty around one of the software company’s key customers. TikTok has been in limbo since the US decided to ban the app unless its Chinese owner divested it. President Donald Trump is scheduled to speak with Chinese President Xi Jinping on Friday after leaders from the two countries said a framework to keep the US app running was reached. Also, the Wall Street Journal reports that TikTok’s U.S. business would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz under a framework the U.S. and China are finalizing. - United Airlines (UAL) shares are down at the moment. However, Chief Executive Scott Kirby says improving travel demand going into the fall indicates the economy is stronger than statistics show. Airline demand is a “good, real time indicator” of what’s going on in the country, Kirby said at an event Tuesday near Newark airport.See omnystudio.com/listener for privacy information.
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