On this episode of Stock Movers:- Associated British Foods said it is conducting a review that could lead to a separation of the Primark clothing retailer from the rest of its business.- Telefonica shares fell the most in more than five years after Spain’s largest telecom operator by revenue announced it will slash 2026 dividend by half. - Royal Philips' stock rose after the Dutch medical technology firm reported better-than-expected adjusted Ebita for 3Q.See omnystudio.com/listener for privacy information.
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Palantir Hikes Sales Forecasts, Amazon Surges on AI Deal, Ares Rallies
On this episode of Stock Movers:- Palantir (PLTR) raised its annual revenue outlook to $4.4 billion and outpaced analyst estimates for third-quarter sales, citing “accelerating and otherworldly” growth for its artificial intelligence and data analytics products. Palantir shares gained as much as 7% in after-hours trading following the report, before giving up most of those gains. Investors had high expectations for the company and had sent shares up more than 150% thus far this year. The stock was priced at 85-times sales expected over the next 12 months, as of Friday, making it by far the most expensive in the S&P 500 Index. - Amazon (AMZN)'s cloud unit has signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares jumped. The ChatGPT maker will pay Amazon Web Services for access to hundreds of thousands of Nvidia Corp. graphics processing units as part of a seven-year deal, the companies announced on Monday. Amazon is the world’s largest seller of rented computing power. But until Monday, AWS had been an outlier, having watched as just about every other significant cloud-computing company in the US joined the ranks of those building or retrofitting data centers to back OpenAI. - Ares Management (ARES) posted a surge in earnings tied to its secondaries business as institutional investors continue to offload their exposure to private equity in an effort to shore up liquidity. The alternative asset manager reported $74 million of fee-related earnings for its secondaries unit in the third quarter, up 167% from the same period last year, according to a statement Monday. The vast share of new commitments were dedicated to private equity secondaries. Shares of Ares rose more than 5% on the news. 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: - Amazon (AMZN) was up 4% at the close. Analysts raised price targets after Amazon reported earnings last week. Amazon's gains continued today after the tech giant’s cloud unit signed a $38 billion deal to supply OpenAI with Nvidia graphics processing units as part of a seven-year deal. - Cipher Mining (CIFR) closed 22% higher, after a deal signed with Amazon. The company signed a $5.5 billion, 15-year lease agreement to provide turnkey space and power for AI workloads. The firm also reported adjusted earnings per share for the third quarter that beat the average analyst estimate. - Palantir rose as much as 4% in afterhours trading on its earnings report. Palantir Technologies raised its annual revenue outlook to $4.4 billion and outpaced analyst estimates for third-quarter sales, citing “accelerating and otherworldly” growth for its artificial intelligence and data analytics products.See omnystudio.com/listener for privacy information.
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Cisco Rises on Unified Edge, Disney Declines, Pfizer Battles for Metsera
On this episode of Stock Movers: - Cisco Systems (CSCO) is rising after the company unveiled a new all-in-one product called Unified Edge to help retail stores, health care facilities and factories use artificial intelligence with a single rack of equipment. - Walt Disney Co. (DIS) is declining after it asked YouTube TV to restore the broadcast of its ABC network for Election Day. The fight over distribution fees drags on and is impacting subscribers. - Pfizer (PFE) accused Novo Nordisk of trying to stifle competition in the weight-loss market by attempting to acquire obesity startup Metsera Inc., the second lawsuit in four days as Pfizer tries to retain its grip on a deal that Novo upended last week.See omnystudio.com/listener for privacy information.
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Kimberly-Clark Sinks, Nvidia Higher, Microsoft Jumps on IREN Deal
On this episode of Stock Movers:- Kimberly-Clark (KMB) shares sink after after the company agreed to buy Kenvue Inc. in a deal worth roughly $40 billion, providing a lifeline to the struggling Tylenol maker.- Nvidia (NVDA) shares higher after Amazon announced their cloud unit signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for Nvidia's computing power. - Microsoft (MSFT) shares rose after the company signed a roughly $9.7 billion deal to buy artificial intelligence computing capacity from IREN Ltd., becoming the Australian company’s largest customer.See omnystudio.com/listener for privacy information.
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