Stock Movers

Cannabis stocks dipped after Trump's executive order reclassifying marijuana, but it didn't legalize recreational sales. Birkenstock's shares dropped due to sluggish sales growth predictions linked to a weak dollar and tariffs. In contrast, Lululemon's stock soared after Elliott Investment Management acquired a significant stake, hinting at leadership changes. The hosts also highlighted strong demand for Micron driven by AI and discussed broader market reactions to economic data, including potential gains for the S&P.

Isabel Lee, a Bloomberg News cross-asset reporter, dives into the dynamic world of stocks this week. She discusses how Trump's executive order has caused marijuana stocks like Tilray and Canopy to dip even after a major reclassification. Lee highlights Micron Technology's significant stock jump fueled by strong forecasts and rising AI demand. The conversation also touches on Lululemon's surge following activist investor Elliott Management's billion-dollar stake and potential CEO candidate Jane Nielsen. It's a thrilling ride through the market's latest twists!

Accenture's stock took a hit as its outlook indicated slower growth, raising concerns about AI impacts. Birkenstock also faced a drop after warning of decreased sales due to a weaker dollar and tariffs. Meanwhile, CarMax's shares rose as the company decided to accept lower margins and increase ad spending to attract customers back. The hosts even had some lighthearted banter about Birkenstock styles amidst the news. Join the discussion on how these companies are navigating their challenges!

Instacart faces scrutiny as the FTC investigates its AI pricing strategies, causing shares to drop. Meanwhile, Lululemon sees a boost thanks to activist investor Elliott Management, who has acquired a stake over $1 billion. On a positive note, Micron's shares surge after a promising forecast, driven by high demand and supply shortages in the chip market. Exciting movements in the market abound!

Shares of Trump Media surged ahead of a $6 billion merger with TAE Technologies, aimed at revolutionizing clean fusion energy. Micron Technology reported a promising quarter, highlighting strong demand and supply constraints that boost profitability. Meanwhile, Lululemon's stock rallied as activist investor Elliott Management disclosed a $1 billion stake, potentially signaling major changes including a new CEO candidate from retail leadership. The dynamic moves in these companies showcase varied sectors reacting to unique market catalysts.

Shares of Trump Media surged following a $6 billion merger with clean fusion energy firm TAE Technologies. Micron's stock rallied as the company projected a robust revenue increase driven by demand and supply challenges in memory chips. Accenture reported earnings exceeding analyst expectations, highlighting its partnership with OpenAI to navigate consulting hurdles. Plus, Elliott Management's $1 billion stake in Lululemon raises eyebrows over potential leadership shifts to combat declining sales.

Louise Moon, Bloomberg's breaking news editor and market reporter, dives into the surprising appointment of Meg O’Neill as BP's new CEO, highlighting the challenges the oil giant faces. She discusses the rally in Whitbread shares following Corvex Management's 6% stake acquisition and the call for a strategic review. Additionally, Moon explains Rheinmetall's adjusted full-year outlook, indicating increased sales growth overall while noting the shifts in its defense segment.

Chloe Millay, a Bloomberg reporter known for her insightful market commentary, delves into significant corporate shifts. She discusses Meg O'Neill's surprising rise as CEO of BP, tasked with refocusing on oil amidst previous renewable missteps. Millay also highlights Evolution's downfall, facing a double downgrade due to ongoing setbacks and regulatory risks. On a brighter note, she shares Currys' impressive sales surge and its strategic rebound, marking a notable comeback after last year's missed dividends.

General Mills saw its shares rise after surpassing second-quarter expectations, driven by steady growth in North America retail. Meanwhile, Oracle faced a 5.3% drop as a key financial backer withdrew support for its data center deal, although the company insists it’s still on track. Additionally, Udemy was downgraded to Hold following its merger announcement with Coursera, leading to a cautious price target set at $7. The discussion also touched on broader trends like the decline in cereal sales and a shift towards more protein-rich products.

Micron surprises the market with a rosy forecast, revealing strong demand and profits, leading to a notable stock increase. Medline makes a splash with a 41% surge in its trading debut, marking a successful $6.26 billion IPO. Meanwhile, Nvidia faces declines amid skepticism about AI investments. The hosts delve into sector performance, highlighting rebounds in energy and challenges in tech. Additional discussions include significant moves from other companies like Texas Pacific Land and Udemy's potential merger.