Keurig Dr Pepper Soars; Carter's Falls; Avidity Biosciences Rallies
On this episode of Stock Movers:- Keurig Dr Pepper (KDP) shares soared ahead of the New York open after the company announced it now expects fiscal 2025 constant currency net sales growth in a high-single-digit range, revised from a mid-single-digit growth outlook previously. KDP also announced it is raising $7 billion from Apollo and KKR to help finance its acquisition of JDE Peet’s NV, aiming to ease investor concerns about taking on too much debt.- Carter's (CRI) shares fall ahead of the open after the children’s apparel company reported net sales for the third quarter that missed the average analyst estimate. The company also plans to reduce offices-based roles by about 15% by the end of 2025, and it boosted the amount of stores it plans to close. - Avidity Biosciences (RNA) shares rally in premarket trading after Novartis (NOVN) agreed to buy the biotechnology company in a deal valued at $12 billion. It marks the Swiss drugmaker’s biggest acquisition in more than a decade and adds several potential blockbuster treatments as generic competition looms for its current top-sellers.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Nvidia (NVDA) leads Magnificent Seven stocks higher in the US premarket Monday, with traders optimistic about the US and China closing in on a trade deal. Trade negotiators from China and the US announced Sunday that they’d struck a slew of agreements on issues spanning tariffs, shipping fees, fentanyl and export controls over two days in Malaysia.- Avidity Biosciences (RNA) shares rally in premarket trading after Novartis (NOVN) agreed to buy the biotechnology company in a deal valued at $12 billion. It marks the Swiss drugmaker’s biggest acquisition in more than a decade and adds several potential blockbuster treatments as generic competition looms for its current top-sellers.- Carter's (CRI) shares fall ahead of the open after the children’s apparel company reported net sales for the third quarter that missed the average analyst estimate. The company also plans to reduce offices-based roles by about 15% by the end of 2025, and it boosted the amount of stores it plans to close.See omnystudio.com/listener for privacy information.
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Porsche Gains, Glencore Rallies, Sydbank Jumps
On this episode of Stock Movers:- Porsche shares rise as much as 4.4% to their highest intraday level since May. The German carmaker posted third quarter results on Friday evening and CFO Jochen Breckner said he expected 2025 to be the trough. Analysts said the release was consistent with the September profit warning._ Copper miners Glencore, Antofagasta and Anglo American are all rallying, with gains of more than 1.5%, as the price of the base metal nears a record high on China-US trade optimism.- Sydbank A/S and Vestjysk Bank are planning to combine into one bank in a bid to boost size. Shares in Sydbank jumped as much as 7.4% in early trading, giving the firm a market value of about 29 billion Danish kroner ($4.5 billion).See omnystudio.com/listener for privacy information.
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Weekly Roundup: GM Gained, Warner Bros. Discovery Jumped, Netflix Fell
On this episode of Stock Movers, we take a look at some of the week's biggest movers:- General Motors (GM) shares gain after the company raised its full-year outlook and posted third-quarter results that topped Wall Street estimates on better-than-expected pickup truck sales and fresh relief from the Trump administration’s tariffs on auto parts.- Warner Bros. Discovery (WBD) shares jump after the company said it has begun to consider various deal scenarios in light of “unsolicited interest” the media and entertainment conglomerate has received from “multiple parties” for all or part of the company.-Netflix (NFLX) shares fell the most in more than seven months after the world’s most valuable entertainment company said a tax dispute with Brazil cut into third-quarter earnings.See omnystudio.com/listener for privacy information.
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Closing Bell: Ford Surges, Grindr Gets Buyout Offer, Deckers Falls
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:- Ford (F) signaled it will largely bounce back next year from a devastating fire that hobbled a key supplier to its top-selling F-150 pickup, sending shares up the most in more than three years while assuaging concerns over one of the automaker’s biggest money-makers. Shares climb as much as 10% — the most intraday since January 2022.- Grindr (GRDR) has received a buyout offer from two of its top investors valuing the dating app at nearly $3.5 billion. The investors, who together own more than 60% of Grindr's outstanding shares, proposed to take the company private by acquiring the rest of the company's outstanding shares for $18 apiece.- Deckers Outdoor (DECK) shares fell after the owner of Hoka running shoes and Ugg boots forecast 2026 revenue that falls short of analyst expectations, reflecting pressured consumer spending. The company guided for net sales of $5.35 billion next year, compared to analyst estimates of $5.45 billion. Shares slid as much as 12% in premarket trading.See omnystudio.com/listener for privacy information.
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