Stock Movers Ocado Slips, Fresnillo Gains, Novartis Drops
Sep 12, 2025
Ocado faces a significant drop in shares as a major US partner raises concerns about its warehouse strategy. Meanwhile, Fresnillo and other European miners are thriving, buoyed by rising metal prices, especially gold. In contrast, Novartis experiences a decline after a downgrade from Goldman Sachs, with analysts questioning its high valuation. The stock market's dynamics highlight both the challenges and triumphs within different sectors, making for an engaging discussion on current financial trends.
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Kroger Risk Threatens Ocado Robotics
- Kroger's comments raise a fundamental risk to Ocado's robotics licensing business and could lead to site closures.
- Ocado's stock fell ~10% as the market priced in loss of a major customer and heightened volatility.
Gold Rally Fuels Miners' Outperformance
- Gold's rally is powering miners like Fresnillo, which has surged this year with sustained gains.
- Rising gold and silver prices plus cost cuts at mines are creating a strong tailwind for precious-metals producers.
Goldman Downgrade Hits Novartis And Index
- Goldman Sachs downgraded Novartis to sell, citing stretched valuation and looming generic competition.
- The rare sell rating pressured Novartis and dragged on the STOXX 600 due to the stock's large weight.