BNP Paribas Rallies, Games Workshop Surges, JD Sports Falls
On this episode of Stock Movers:- BNP Paribas announced a new buyback and plans to reach a target for capital strength early as Chief Executive Officer Jean-Laurent Bonnafe seeks to reverse a recent slide in the stock price.Shares rallied as much as 6.6%, as the measures reassured investors following a series of setbacks. - Games Workshop shares rise as much as 11%, hitting a record high, after the maker of the Warhammer tabletop game released a 1H trading update that Jefferies described as “outstanding.” Peel Hunt upgraded the stock to buy, citing the company’s “strong performance.”- JD Sports shares drop as much as 2.4% this morning after the apparel retailer warned annual profit before tax and adjusting items will be at the lower end of market expectations. Shares have already pared losses, with analysts noting the stock is trading at a low multiple.See omnystudio.com/listener for privacy information.
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BNP Paribas Rallies, ASML Gains, JD Sports Falls
On this episode of Stock Movers:- BNP Paribas announced a new buyback and plans to reach a target for capital strength early as Chief Executive Officer Jean-Laurent Bonnafe seeks to reverse a recent slide in the stock price.Shares rallied as much as 6.6%, as the measures reassured investors following a series of setbacks. - ASML shares gained as Nvidia’s upbeat forecast soothed fears of an AI spending bubble- JD Sports shares drop as much as 2.4% this morning after the apparel retailer warned annual profit before tax and adjusting items will be at the lower end of market expectations. Shares have already pared losses, with analysts noting the stock is trading at a low multipleSee omnystudio.com/listener for privacy information.
On this episode of Stock Movers: Nvidia (NVDA), the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that a global surge in AI spending is poised to fizzle. Sales will be about $65 billion in the fiscal fourth quarter, which runs through January, the chipmaker said in a statement Wednesday. Analysts had estimated $62 billion on average, with some predictions ranging as high as $75 billion. Nvidia shares gained about 5% in late trading after the report was released. They had been up 39% this year through the close. Block (XYZ) shares rose about 7% after the payments firm, led by Jack Dorsey, said it expects profit growth to accelerate over the next three years while launching products at a faster clip and doubling down on efforts to integrate its consumer-focused Cash App and merchant payment service Square. Alphabet (GOOG) shares soared the most in two months on Wednesday as a wave of glowing reviews for the newly released version of its Gemini artificial intelligence model spurred investor confidence about the company’s position in the ever-changing tech landscape. See omnystudio.com/listener for privacy information.
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: - Lowe's (LOW) closed about 4% higher after the company reported profit that topped expectations on a pickup in online sales and growth in demand from professional contractors. Adjusted earnings per share were $3.06 in the third quarter, the company said in a statement Wednesday, compared with the $3.00 estimate of analysts surveyed by Bloomberg. Lowe’s reported positive same-store sales growth for a second consecutive quarter on strength in its digital channel and in home services. - Alphabet (GOOGL) rose after glowing reviews for its newly released Gemini artificial intelligence model. The stock's rally extended a banner year for Alphabet, with its 57% jump in 2025 making it the best-performing member of the Magnificent 7 cohort. - Abbott Labs (ABT) closed 2.96% lower. Abbott Laboratories is nearing a potential acquisition of Exact Sciences, in what would be its largest deal in nearly a decade, people familiar with the matter said. A deal could be announced in the coming days, and including a premium, a takeover of Exact Sciences would be the largest deal of the year in the health-care sector, data compiled by Bloomberg show.See omnystudio.com/listener for privacy information.
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Target Dips After Trimming Forecast; Lowe's Rallies; Semrush Soars
On this episode of Stock Movers:- Shares of Target Corporation (TGT) dipped in premarket trading after the company trimmed its profit forecast for the year, signaling that its turnaround push is going to take more time as the big-box retailer deals with markdowns and soft demand in key merchandise areas. The company now expects earnings per share, excluding some items, of $7 to $8 this year, cutting the high end of its previous forecast. By that same measure, third-quarter results surpassed the average of analyst estimates, but the key retail metric of comparable sales contracted more than expected. - Shares of Lowe's Co. (LOW) rallied after the company reported profit that topped expectations on a pickup in online sales and growth in demand from professional contractors. Adjusted earnings per share were $3.06 in the third quarter, the company said in a statement Wednesday, compared with the $3.00 estimate of analysts surveyed by Bloomberg. Lowe’s reported positive same-store sales growth for a second consecutive quarter on strength in its digital channel and in home services. It saw “continued growth” in sales to professional contractors, a market it has sought to expand in recently.- Shares of Semrush Holdings (SEMR) soared in the early session after news Adobe agreed to buy the marketing software company for $1.9 billion, marking its first takeover announcement since the failed $20 billion acquisition of Figma Inc. in 2022. The all-cash deal will value Semrush at $12 per share and is expected to close in the first half of 2026, Adobe said in a statement Wednesday. Semrush is a platform that allows businesses to analyze and optimize their online marketing, including how their company appears in AI search results. Acquiring the company will help Adobe offer “a comprehensive solution that gives marketers a holistic understanding of how their brands appear across owned channels, LLMs, traditional search and the wider web,” the company said in the statement.See omnystudio.com/listener for privacy information.
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