Anglo Down, Ubisoft Jumps, M&C Saatchi Cut Outlook
On this episode of Stock Movers:- BHP Group has walked away from a fresh takeover approach for Anglo American Plc, ending an unexpected and short-lived attempt by the world’s largest miner to thwart a planned tie-up between its smaller rival and Canada’s Teck Resources Ltd.-Ubisoft Entertainment SA’s shares jumped by the most in nearly a year after the company closed a deal with Tencent Holdings Ltd. for an investment in Vantage Studios, a unit carved out for its Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six franchises.- M&C Saatchi reduced its outlook after the longest US government shutdown in history hurt its public sector division.See omnystudio.com/listener for privacy information.
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Bayer Result, Hensoldt Falls, Anglo American's Failed Deal
On this episode of Stock Movers:- Bayer said an experimental stroke-prevention drug showed positive results in a late-stage study, a boost for the German company as it seeks to counter sales declines from aging blockbuster medicines. - Hensoldt and other European defense shares are on watch over the latest news around Ukraine- BHP Group has walked away from a fresh takeover approach for Anglo American Plc, ending an unexpected and short-lived attempt by the world’s largest miner to thwart a planned tie-up between its smaller rival and Canada’s Teck Resources Ltd.See omnystudio.com/listener for privacy information.
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Weekly Roundup: Nvidia Whipsaws, Alphabet Gains, Ross Stores Climbs
On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners:- Nvidia (NVDA) after an initial rally following Wednesday's upbeat earnings, shares fizzled the next day with investors shrugging off the stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. The broader market also declined, weighed down by AI fears and concerns over whether the Federal Reserve will cut rates in December. But on Friday, shares spiked again on reporting from Bloomberg that US officials are having early discussions on whether to let Nvidia Corp. sell its H200 artificial intelligence chips to China. They gained as much as 2% in the Friday trade to $184.29 following earlier declines.- Alphabet (GOOG) shares rallied on the week, extending a recent stretch of outperformance on rising optimism over its strength with artificial intelligence. Shares of the Google parent soared the most in two months on Wednesday as a wave of glowing reviews for the newly released version of its Gemini artificial intelligence model spurred investor confidence about the company’s position in the ever-changing tech landscape. - Ross Stores (ROST)'s third-quarter results exceeded Wall Street’s expectations, driven by increased same-store sales and new marketing campaigns that successfully drew in cash-strapped consumers. The Dublin, California-based company boosted its full-year earnings per share guidance to $6.38 to $6.46, compared to the $6.27 estimated by analysts. Quarterly same-store-sales rose 7%, while revenue grew 10% compared to the year prior to about $5.6 billion, driven by new marketing campaigns that created positive momentum, Ross said in a statement Thursday. The shares have underperformed the S&P 500 Index this year, rising 6% compared to the index’s 11% gain through Thursday’s close.See omnystudio.com/listener for privacy information.
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Ross Stores Skyrockets, Nvidia Rallies, Gap Climbs
On this episode of Stock Movers:- Ross Stores (ROST) third-quarter results exceeded Wall Street’s expectations, driven by increased same-store sales and new marketing campaigns that successfully drew in cash-strapped consumers. The Dublin, California-based company boosted its full-year earnings per share guidance to $6.38 to $6.46, compared to the $6.27 estimated by analysts. Shares of the discount retailer traded higher on Friday.- Nvidia (NVDA) shares spiked on Bloomberg reporting that US officials are having early discussions on whether to let Nvidia Corp. sell its H200 artificial intelligence chips to China, according to people familiar with the matter, a contentious potential move that would mark a major win for the world’s most valuable company. President Donald Trump’s team has held internal talks about H200 chip shipments to the Asian country in recent days, said the people, who requested anonymity to discuss a highly sensitive matter. No final decision has been made, the people emphasized, and it’s entirely possible that the idea remains an internal debate and never results in actual license approvals, which are required under export controls that Washington first imposed in 2022.- Gap (GAP) said its sales came in stronger than expected, bucking the trend across the majority of retail and restaurant chains that have been warning of consumers’ deepening caution in recent weeks. The retailer follows sales beats by Walmart Inc., Ross Stores Inc., and TJX Cos., the discounter that owns TJ Maxx and Marshalls, showing that chains can still win over consumers despite their deepening caution — as long as they nail execution. The shares rose as much as 8.5% on Friday, the most intraday since May.See omnystudio.com/listener for privacy information.
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Gap Rises, Eli Lilly Jumps, Ross Stores Gains on Guidance
On this episode of Stock Movers:- Gap (GAP) shares rise after the company said its sales came in stronger than expected, bucking the trend across the majority of retail and restaurant chains that have been warning of consumers’ deepening caution in recent weeks.- Eli Lilly (LLY) shares jump after the world’s largest drugmaker just notched another milestone: it’s the first health-care company to cross the $1 trillion threshold as investors bet big on the drugmaker’s weight-loss medicines. - Ross Stores (ROST) shares gain after the discount retailer raised its earnings per share forecast for the full year. The improved guidance came in above the average analyst estimate.See omnystudio.com/listener for privacy information.
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