Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Akzo Nobel has rejected a cash offer from Japanese peer Nippon Paint and US paintmaker Sherwin-Williams and will press on with plans to merge with US firm Axalta Coating Systems.
- Deutsche Lufthansa reassured customers that fuel supply is stable and urged passengers to “absolutely” book summer vacations, an appeal that comes as Europe’s largest airline group depends on peak travel demand to meet its financial goals.
- CVC Capital Partners has divested its 13.8% stake in Naturgy Energy Group after eight years as a key investor in the Spanish utility.
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On this episode of Stock Movers:
- Akzo Nobel has rejected a cash offer from Japanese peer Nippon Paint and US paintmaker Sherwin-Williams and will press on with plans to merge with US firm Axalta Coating Systems Ltd.
- Volvo Cars says it has been granted a specific authorization from the Office of Information and Communications Technology and Services, allowing continued import and sale of connected vehicles in US.
- Capgemini targets 2025 to 2028 3-year revenue CAGR at constant currency of +5.5% to +7.5%, with around 2 points from M&A as part of Capital Markets Day strategy, according to statement.
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Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
-Micron Technology's (MU) market capitalization will more than double over the next 12 months, according to at least one analyst. UBS Group AG boosted its price target for Micron Technology to $1,625, roughly 116% higher than its close on Friday of $751. The new guidance implies a market value of more than $1.8 trillion, larger than the current market capitalization of companies like Meta Platforms Inc., Tesla Inc. and Berkshire Hathaway Inc.

- Shares of Madison Square Garden Sports (MSGS) jump as much as 4.2% to touch a record high intraday after the New York Knicks completed a 4-0 series sweep over the Cleveland Cavaliers to advance to the NBA Finals for the first time since 1999. MSGS shares are up 41% this year, on pace for a record annual return

-Marvell Technology (MRVL) first-quarter results are expected to modestly top consensus as AI-driven data-center demand supports continued strength in optics and switching. Investors will keep an eye on whether the company reiterates its recently boosted full year outlook and maintains confidence that interconnect growth can outpace broader cloud spending, Bloomberg Intelligence said.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Alex Semenova and Tim Stenovec.

- Shares of Madison Square Garden Sports (MSGS) jump as much as 4.2% to touch a record high intraday after the New York Knicks completed a 4-0 series sweep over the Cleveland Cavaliers to advance to the NBA Finals for the first time since 1999. MSGS shares are up 41% this year, on pace for a record annual return

- Beer stocks including Molson Coors, Constellation Brands, Boston Beer and Anheuser-Busch are trading lower on Tuesday as the latest industry sales data from Circana and Nielsen showed lackluster trends. Molson Coors -3.5%, Constellation Brands -3.5%, Boston Beer -3.3% and Anheuser-Busch InBev -1.4%

- Ferrari (RACE) shares fell almost 8% after critics panned the look of its first fully electric vehicle, a setback for the Italian super-car maker’s controversial push into EVs. The unveiling of the €550,000 ($640,000) Ferrari Luce drew largely negative reactions from industry analysts and social media influencers alike, who compared the four-door, five seater’s design to mass-market EVs. For the Luce, Ferrari moved away from the style associated with design chief Flavio Manzoni and tapped Apple Inc.’s former head of design, Jony Ive, to shape the vehicle.
See omnystudio.com/listener for privacy information.

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

On this episode of Stock Movers:
--Micron Technology's (MU) market capitalization will more than double over the next 12 months, according to at least one analyst. UBS Group AG boosted its price target for Micron Technology to $1,625, roughly 116% higher than its close on Friday of $751. The new guidance implies a market value of more than $1.8 trillion, larger than the current market capitalization of companies like Meta Platforms Inc., Tesla Inc. and Berkshire Hathaway Inc.

- AutoZone (AZU) shares fall 5.2% in premarket trading after the retailer of automotive replacement parts posted comparable sales for the third quarter that fell short of Wall Street’s expectations.

-Shares in rocket and satellite companies rally Tuesday and are set to extend recent gains. The sector has advanced since SpaceX filed publicly for what stands to be the largest ever initial public offering. Among movers: Redwire +25%, MDA Space +10%, Firefly Aerospace +18%, Intuitive Machines +19%, AST SpaceMobile +17%, York Space Systems +15%, Voyager Technologies +10%, Satellogic +12%, EchoStar +5.9%
See omnystudio.com/listener for privacy information.