Stock Movers

On this episode of Stock Movers: - Computer data storage companies SanDisk (SNDK) and Micron (MU) both saw a boost to their share prices, coinciding with the rise of AI and computer technology spaces - Rivian (RIVN) sees their stock price climb 10.7% with anticipation for the release of the R2, their mid-size SUV - Frozen potato product brand Lamb Weston (LW) dropped 26% after a consistent decline and the company re-affirming its guidanceSee omnystudio.com/listener for privacy information.

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, Tim Stenovec and Carol Massar. On this episode of Stock Movers: - Cruise group Carnival (CCL) sees their share price jump by over 9% today as the company expects profits to increase next year - WhiteFiber (WYFI) is a company that provides AI datacenters with materials that gives them more power. They saw a big jump of 17% after inking a 10-year colocation deal with NScale worth $685 million - KB Home (KBH) saw their stock decrease by 8.5% after posting fiscal 4th quarter revenue that missed analyst estimatesSee omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Oracle (ORCL) sees a 7% boost after it was announced that they would be leading a group of buyers in purchasing TikTok. - Nike (NKE) is down for the fourth day in a row with an 11% drop today. Sales are continuing to decline, citing difficulty in China as well as their Converse brand. - BioMarin Pharmaceutical (BMRN) is up big at 17% with their agreement to buy Amicus Pharmaceutics, helping expand their treatments for rare diseases.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Nike (NKE) shares sink after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods of growth.- FedEx (FDX) shares fall the most intraday since June 25, as the shipping firm upgraded FY targets, but to a lower magnitude than the 2Q earnings beat as it suffers from a string of cost headwinds including the grounding of its MD-11 planes.- KB Home (KBH) shares fall. The homebuilder posted fiscal fourth-quarter profit that missed analysts’ estimates. The mid-point of the outlook range for fiscal 2026 housing revenue also lagged expectations.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- BioMarin (BMRN) shares rise after the company agreed to buy Amicus Therapeutics Inc. for about $4.8 billion, helping the biotech company expand its portfolio of treatments for rare diseases.- FedEx (FDX) shares fall the most intraday since June 25, as the shipping firm upgraded FY targets, but to a lower magnitude than the 2Q earnings beat as it suffers from a string of cost headwinds including the grounding of its MD-11 planes. - Nike (NKE) shares sink after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods of growth.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Shares of Nike (NKE) fell as much as 10 percent in premarket trading as the sportswear retailer’s third-quarter guidance disappointed investors, with its turnaround hampered by weak sales in China and the Converse brand. It expects third-quarter sales to be down low-single digits, and gross margins to shrink by roughly 2 percentage points due to tariffs. North America business — a bright spot for fiscal 2Q — is expected to grow more slowly in the third quarter as product liquidation will no longer provide a big sales boost.- Shares of FedEx (FDX) edged lower in the early session as the shipping firm upgraded FY targets, but to a lower magnitude than the 2Q earnings beat as it suffers from a string of cost headwinds including the grounding of its MD-11 planes. Analysts are mostly positive on 2Q results that are boosted by peak season demand, cost reductions and customer wins in B2B health care. The non-core freight division that’s scheduled to be spun off remains under pressure.- Shares of Oracle (ORCL) rallied ahead of the US market open as TikTok’s long-delayed plan to separate from Chinese parent ByteDance Ltd. was put in motion Thursday when the video sharing sensation said it’s being bought by a group of buyers, led by Oracle. TikTok Chief Executive Officer Shou Chew told employees that the company and ByteDance signed binding agreements to create a US joint venture majority-owned by American investors, according to an internal memo reviewed by Bloomberg. Chew wrote that he was “pleased to share some great news” and said agreements with Oracle, Silver Lake Management and MGX have been signed. The deal is expected to close on Jan. 22, 2026, though Chew added that “there’s more work to be done” before then. Chinese regulators have yet to say whether they’ll approve the transaction.See omnystudio.com/listener for privacy information.

Nike's shares took a hit as disappointing sales in China and struggles with the Converse brand surfaced. Meanwhile, Oracle's stock surged after the announcement of a joint venture to buy TikTok, with plans to push for U.S. control. FedEx's shares dipped slightly despite an upgraded financial outlook, amid discussions about network improvements and cost challenges. As these companies navigate their market hurdles, the financial landscape remains dynamic and intriguing.

Louise Moon, Bloomberg Breaking News editor, dives into major European market movers. She discusses WH Smith's troubling FCA investigation linked to accounting errors and the resulting CEO resignation. The conversation shifts to BBVA's record €4 billion share buyback, a strategic move after a failed takeover bid. Lastly, Louise highlights the disappointing results of Ipsen's drug trial, leading to a significant drop in its shares. Tune in for insights into these market dynamics!

Chloe Millet, a Bloomberg reporter specializing in European stocks, discusses Renault's significant upgrade to investment-grade status by S&P, attributing it to effective leadership and strategic expansions. She explores the ripple effects of Nike's sales warning on Puma's momentum, highlighting the struggles both brands face in appealing to Chinese consumers. Additionally, Chloe sheds light on WH Smith's ongoing FCA investigation due to a massive accounting error, revealing the subsequent financial fallout and impacts on corporate credibility.

Micron's impressive gains kick off as it raises its forecast amid soaring demand for memory chips. Nike grapples with disappointing sales in China and a staggering drop in Converse, overshadowing its revenue growth. FedEx signals better days ahead with an improved profit outlook, thanks to effective cost-cutting measures. Meanwhile, cannabis stocks face a rollercoaster ride, reflecting the volatile nature of the market. Tune in for insights into how these factors shape trader sentiment and market dynamics.