Closing Bell: Palantir Higher, Centene and American Airlines Down Amid Gov. Shutdown
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: - Palantir (PLTR) closed 8.81% higher. It was the best day for Palantir since April 9. Surf Air Mobility entered into a $100 million transaction combining new equity and convertible debt to fund development of its SurfOS software and refinance existing liabilities. This includes $6 million of new common equity to be issued to Palantir Technologies as prepayment for software and services. - Centene (CNC) was down by 8.8% at the close. Shares of other US health-care insurers and hospitals are falling as lawmakers draw closer to ending the government shutdown without securing an extension of Affordable Care Act subsidies. - American Airlines (AAL) closed lower after the company said weekend operations were challenging amid the government shutdown, canceling 1,400 flights and it saw over 57,000 delay minutes, according to an emailed statement by COO David Seymour. See omnystudio.com/listener for privacy information.
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Nvidia Rallies and Centene Falls as Shutdown Nears End, Eli Lilly Gains
On this episode of Stock Movers: - Nvidia (NVDA) rallied along with other US stocks as investors expressed optimism that lawmakers were nearing a deal to end the government shutdown. The tech-heavy Nasdaq 100 Index rose 2.0% as hopes of an agreement helped advance several sectors. - Eli Lilly (LLY) shares gained as much as 6.2% to hit a record high, after Leerink Partners upgraded the pharmaceutical company to outperform from market perform. Eli Lilly also said it entered an AI-powered research and licensing pact. - Centene (CNC), Molina (MOH), and shares of other US health-care insurers and hospitals are falling as lawmakers draw closer to ending the government shutdown without securing an extension of Affordable Care Act subsidies.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Tyson Foods (TSN) shares gain after the company said it expects results for next year to be little changed as its beef segment continues to lose money. The company sees adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026, with the beef segment expected to see an adjusted operating loss of $400 million to $600 million next year.- Elf Beauty (ELF) shares sink after after the cosmetics company’s full-year outlooks for adjusted earnings per share and net sales both missed analysts’ estimates. While analysts are positive about sales growth at newly-acquired Rhode, Hailey Bieber’s beauty and skincare brand, they flag weakness in the company’s namesake products. - Monday.com (MNDY) shares fall after the software company narrowed its full-year revenue forecast. It also reported its third-quarter results.See omnystudio.com/listener for privacy information.
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Monday.com Falls, United Airlines Drops, Treehouse Rises After Investindustrial Deal
On this episode of Stock Movers:- Monday.com (MNDY) shares fall after the software company narrowed its full-year revenue forecast. It also reported its third-quarter results.- United Airlines (UAL) shares drop as US airlines canceled at least 1,432 flights as of 7:15 a.m. Eastern time Monday, and the number is “growing,” according to aviation analytics company Cirium.- Treehouse (THS) shares rise after European buyout firm Investindustrial agreed to buy TreeHouse Foods Inc., the private-label food manufacturer, for $2.9 billion including debt.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Metsera (MTSR) shares tank in premarket trading after Novo Nordisk A/S declined to further raise its offer for the US maker of an experimental weight-loss drug, bringing a bidding war with Pfizer Inc. to an end. Novo, the maker of Wegovy and Ozempic, decided to drop out of the running for Metsera on Saturday after Pfizer matched its latest offer in a takeover battle that had caused concern the bidders might be overpaying for an unproven asset. Adding to Novo’s obstacles, Metsera said it got a call from the US Federal Trade Commission flagging potential regulatory risks with the proposed Novo deal structure.- Instacart (CART) shares soared ahead of the US market open after the online grocery company reported third-quarter results that beat expectations, indicating that demand for its core grocery delivery service has been holding strong. Orders grew 14% to 83.4 million in the July-to-September period, the company said in a shareholder letter on Monday. Wall Street was expecting 82.9 million, according to Bloomberg-compiled estimates. Total revenue, which also includes sales from advertising and enterprise software for grocers, was $939 million, again beating expectations. - Tyson Foods (TSN) rallied in early trading despite the company saying it expects results for next year to be little changed as its beef segment continues to lose money, even as the Trump administration points to the meatpacking industry for driving up prices. The US’s biggest meatpacker sees adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026, compared to $2.29 billion this year. That’s as the beef segment is expected to see an adjusted operating loss of $400 million to $600 million next year, compared to $426 million this year.See omnystudio.com/listener for privacy information.
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