Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- EasyJet shares jump as much as 15% after the budget airline received a fresh offer from private equity firm Apollo that beats a rival proposal from Castlelake.
- ArcelorMittal shares rise as much as 5% after JP Morgan raised the recommendation on to neutral from underweight.
- St James’s Place shares fall as much as 7%, the most in more than five months, after a report that one of the wealth manager’s largest advice firms has decided to exit the g
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SK Hynix raised $26.5 billion in its American depositary receipt offering, as the South Korean memory chipmaker powered through volatility to deliver the largest ever US first-time share sale by a foreign company.
- Hua Hong and other chinese memory stocks rose as strong preliminary earnings from Gigadevice and Micron’s planned expansion of US chip spending bolster optimism toward the sector.
- Japan’s finance minister called for the nation’s massive pension funds to increase investments in domestic assets, with Softbank being seen as one of the big gainers
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On this episode of Stock Movers:
- Starbucks (SBUX) is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft (MSFT) and International Business Machines (IBM). Starbucks spends about $400 million a year on software alone, and building in-house software can be cheaper, an incentive for the company, which is looking to cut costs as part of a broader turnaround effort. Shares of Microsoft fell 2.4% and IBM sinking 5.2%.
- PepsiCo (PEP) shares are down 2% ahead of the bell after the company reported weaker-than-expected performance in domestic food and beverage categories for the second quarter. Management blamed “consumer budgets tightening due to rising inflationary pressures,” said and constant currency core EPS growth would be primarily weighted toward the fourth quarter, which some analysts say clouds visibility.
- Costco shares fall as much as 4.1%, to the lowest intraday since Jan. 9, after the club store operator’s June comparable sales missed Street expectations.
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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, Carol Massar and Lisa Mateo.
- Micron Technology (MU) plans to increase its spending on new plants in the US to $250 billion to help meet unprecedented demand for its memory chips fueled by the global artificial intelligence boom. The funds would add $50 billion to the company’s previously announced commitment of $200 billion toward expanding domestic chipmaking that includes projects in New York, Idaho and Virginia. The spending will carry through 2035 and support Micron’s goal of making 40% of its dynamic random access memory products in the US a decade from now, the company announced Thursday. Shares of Micron rose as much as 9.1% to $1,035.50 after markets opened in New York. The company’s stock is up more than 250% since the start of the year, making it the best performer among US semiconductor peers.
- PepsiCo (PEP) shares are down 2% ahead of the bell after the company reported weaker-than-expected performance in domestic food and beverage categories for the second quarter. Management blamed “consumer budgets tightening due to rising inflationary pressures,” said and constant currency core EPS growth would be primarily weighted toward the fourth quarter, which some analysts say clouds visibility.
- Costco shares fall as much as 4.1%, to the lowest intraday since Jan. 9, after the club store operator’s June comparable sales missed Street expectations.
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On this episode of Stock Movers:
- Lumentum Holdings (LITE) stock is trading higher on Thursday. The California-based technology firm is experiencing upward momentum alongside other companies in the fiber optic connectivity sector.
- PepsiCo (PEP) shares are down 2% ahead of the bell after the company reported weaker-than-expected performance in domestic food and beverage categories for the second quarter. Management blamed “consumer budgets tightening due to rising inflationary pressures,” said and constant currency core EPS growth would be primarily weighted toward the fourth quarter, which some analysts say clouds visibility.
- Meta Platforms (META) needs all the computing power it can get, according to Chief Executive Officer Mark Zuckerberg, but he is also considering renting out some of Meta's AI infrastructure to outsiders. Meta is developing plans for a cloud business, which could include selling access to various AI models hosted on Meta's existing AI infrastructure. Its stock is up over 5.52 % on Thursday.
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