On this episode of Stock Movers:- Shares of Nvidia (NVDA) slipped in the premarket session while shares of CoreWeave (CRWV) plummeted. The moves come as traders backed away from high-priced technology companies after SoftBank Group sold its entire Nvidia stake. The setback at CoreWeave, which rents out access to powerful artificial intelligence chips, gives investors another reason to worry about the strength of the tech industry at a time when there’s widespread anxiety over valuations. - Paramount Skydance (PSKY) shares soared in early trading after reporting financial results for the first time since a new investor group took over the media company in August. The media giant raised its target for job cuts and cost-saving measures. Paramount Skydance, which has been trying to buy rival Warner Bros. Discovery Inc., said in a letter to shareholders it plans an additional 1,600-person workforce reduction and a goal to achieve at least $3 billion in cost savings.- ADRs of Chinese EV maker Xpeng (XPEV) surged amid growing optimism over the Chinese electric carmaker’s progress in technologies including humanoid robots. The Hong Kong-listed shares rallied 18% on Tuesday to the highest level since July 2022. It was also their biggest one-day gain in over two years. The company’s American depositary receipts surged 16% on Monday, buoyed also by a broad advance in the US market. Xpeng’s recent showcase of cutting-edge technologies — from its IRON humanoid robot to robotaxis — has fueled investor enthusiasm about its potential beyond traditional electric vehicles. While these innovations have yet to translate into near-term earnings gains, they are reshaping market perceptions of Xpeng’s valuation.See omnystudio.com/listener for privacy information.
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4:26
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4:26
Vodafone Gains, Hilton Food Plunges, Adyen Gains
On this episode of Stock Movers:- Vodafone returned to growth in Germany, after bringing on 1&1 AG as a new wholesale customer in its biggest market.- Hilton Food shares fall as much as 25%, hitting their lowest level in a decade, after the group cut its full-year guidance.- Adyen shares rose as the Dutch payments company set long-term guidance for about 20% net sales growth in years after 2026.See omnystudio.com/listener for privacy information.
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4:25
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4:25
Vodafone Gains, Hensoldt Falls, Croda Dips
On this episode of Stock Movers:- Vodafone returned to growth in Germany, after bringing on 1&1 AG as a new wholesale customer in its biggest market.- Hensoldt shares fall as much as 9.3% as analysts find the German defense firm’s guidance for next year and for 2030 disappointing and say the company’s valuation is demanding.- Jefferies says looking for 2026 earnings support within the European chemicals space including companies such as Croda is “like searching for mirage in the desert.”See omnystudio.com/listener for privacy information.
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4:47
CoreWeave Faces Earnings Pressure, Paramount Skydance Soars on Results
On this episode of Stock Movers:- CoreWeave (CRWV) reported narrower profit margins in the third quarter as the cloud computing company races to expand its infrastructure and serve more customers.The operating income margin was 4% in the period, the company said in a statement Monday. That missed an average analyst estimate of 6.5% and was lower than the year-earlier period. The tighter margins were a weak spot in an otherwise upbeat report. Revenue rose to $1.36 billion in the quarter, topping the $1.29 billion estimate. CoreWeave reported a loss of 22 cents a share, compared with the 57 cents that Wall Street projected. The shares fell about 3% in late trading after the report was published, reversing an earlier rise. The stock had more than doubled this year through the close.- Paramount Skydance (PSKY) reporting financial results for the first time since a new investor group took over the media company in August, raised its target for job cuts and cost-saving measures. The company, which has been trying to buy rival Warner Bros. Discovery Inc., said in a letter to shareholders it plans an additional 1,600 job cuts as part of a goal to achieve at least $3 billion in cost savings. The shares rose as much as 10% in extended trading before giving up about half that gain.See omnystudio.com/listener for privacy information.
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3:09
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3:09
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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