Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:

- Chipotle Mexican Grill (CMG) shares jumped after the Financial Times reported that Starbucks has worked with advisers on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, according to people familiar with the matter. Analysts expressed skepticism about a potential deal given the vast differences between the two businesses, but noted that access to Chipotle’s supply chain could provide some justification for the potential overture.

- Levi (LEVI) posted the slowest growth in its direct-to-consumer channels since late 2022, in part due to a marketing misstep. Revenue generated from Levi’s own stores and website grew 2% in the third quarter, with the company raising its full-year earnings outlook. The company expects direct-to-consumer growth for the current quarter to increase by a mid-single digit, after changing its marketing to focus on low-rise jeans.

- Latham Group (SWIM) fell 7.8%. Trading volume was seven times the average for this time of day. The shares declined to $5.87, lower than any close since Aug. 4, from $6.37. The stock was the worst performer among its peers.
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On this episode of Stock Movers:

- Starbucks (SBUX) The Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the Times said, citing people familiar with the matter. Brian Niccol, Starbucks’ chief executive officer since 2024, previously was the top executive at Chipotle.

- IREN (IREN) shares are sliding following critical reports of facility reliability issues at its Canadian data centers combined with broader sector pressure on capital-heavy AI infrastructure builders.

- Helen of Troy (HELE) shares soar after the consumer goods company boosted its adjusted earnings per share forecast for the full year. The improved outlook exceeded the average analyst estimate.
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On this episode of Stock Movers:
-Palantir (PLTR) shares are rallying on Thursday, after Goldman Sachs upgraded the software company to buy from neutral, noting that the stock has underperformed this year. Analyst Gabriela Borges says the total addressable market “may be setting up for another step function change in depth, because of the shift to sovereign AI, bespoke applications, and Palantir’s newer verticalization strategy”
-PepsiCo (PEP) shares gain. PepsiCo Inc. shares rise the most intraday since August, after the food and beverage company posted organic revenue and core profit for the third quarter that came in ahead of expectations. Analysts also note strong growth for the firm outside the US. Still, Pepsi cut its full-year core constant currency EPS forecast, reflecting margin pressures the company expects in its North America business
- Spotify (SPOT) Technology shares rise. Spotify has renewed a multiyear licensing agreement with Joe Rogan, the world’s most popular podcaster. The Joe Rogan Experience is the world’s most popular podcast, with 18 million followers, according to Spotify. The pact is worth about $250 million, the Wall Street Journal reported, citing unnamed people familiar with the matter.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- PepsiCo (PEP) shares are lower after the company decreased its profit outlook, with its recovery in North America taking longer than expected. PepsiCo faces higher costs in North America that are weighing on margins, and will be raising some prices in the coming months after cutting prices on some marquee brands earlier this year.
- Microsoft (MSFT) shares are following news the company's Xbox unit is formalizing its film and TV foray with a new division called XP to expand its franchises into other media.
- Levi Strauss (LEVI) is lower after it posted the slowest growth in its direct-to-consumer channels since late 2022, in part due to a marketing misstep. The company expects direct-to-consumer growth for the current quarter to increase by a mid-single digit, after changing its marketing to focus on low-rise jeans.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Taiwan Semiconductor (TSM) shares are moving on news Samsung earned a nearly nine-fold rise in quarterly operating profit, and Taiwan Semiconductor Manufacturing Co.’s sales jumped 51%, reflecting the spoils of relentless spending on AI infrastructure. Investors are questioning how long AI spending can last, especially as companies’ big capex plans come under pressure because of rising borrowing costs around the world.
- Applied Digital (APLD) is lower as it reported adjusted loss per share for the first quarter of 1.0c vs. loss/shr 3.0c y/y. The company expects initial operations at Polaris Forge 2 in Harwood to increase delivered critical IT load across our North Dakota campuses to 300 MW by the end of calendar 2026
- Wolfspeed (WOLF) shares are gaining on news the Department of Defense announces a $1.5b conditional loan commitment to the company, according to a press release. The company says it would be required to issue to the Defense Department VWAP-based warrants to purchase, in the aggregate, up to 7.5% of Wolfspeed’s fully diluted equity.
- Levi Strauss (LEVI) is lower after it posted the slowest growth in its direct-to-consumer channels since late 2022, in part due to a marketing misstep. The company expects direct-to-consumer growth for the current quarter to increase by a mid-single digit, after changing its marketing to focus on low-rise jeans.Eric Mollo
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