Stock Movers

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers, we take a look at some of the week's biggest gainers and decliners:
- Nike (NKE) is cutting jobs and overhauling the business as results deteriorate, with a restructuring plan expected to save $2.5 billion over the next five years. The company announced weaker-than-expected sales for the latest quarter and a disappointing outlook for this fiscal year, with a high-single-digit revenue decline expected. Nike shares fell as much as 8.9% after the announcement.

- A software glitch affecting Boeing (BA) 737 Max aircraft was determined not to pose a safety risk by a Federal Aviation Administration panel, a positive outcome for the US plane maker seeking regulatory approval for the largest variant of the popular narrowbody family.

- Carnival (CCL) raised its full-year outlook as demand for future sailings hits the highest-level ever during the quarter. The company attributed its improved outlook to a third-quarter record $7.6 billion in booking deposits, which beat a prior-year record by $500 million. Carnival raised its full-year expectations for net yields to 2.3%, an increase of 55 basis points from guidance issued last quarter.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Carol Massar and Alexis Christoforous.
- Nvidia (NVDA) shares hit a record for the first time since May as investors pile back into the stock after a two-month selloff that wiped more than $1 trillion off its market value. Shares of the world’s most valuable public company gained 2.9% on Friday, extending a nearly 25% rally from a late July low when fears surrounding the outlook for artificial intelligence pressured the stock.
- Tesla (TSLA) reported better-than-expected sales for the third quarter, a sign of stability for the company’s core business at a challenging moment for the electric vehicle market. The automaker delivered 486,532 vehicles worldwide in the period, according to a statement Friday. That compared with 463,761 expected on average among analyst estimates compiled by Bloomberg.
- Seagate (STX) shares sink after Nikkei reported that Toshiba would double its production capacity for hard disk drive.
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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Nike (NKE) is cutting jobs and overhauling the business as results deteriorate, with a restructuring plan expected to save $2.5 billion over the next five years. The company announced weaker-than-expected sales for the latest quarter and a disappointing outlook for this fiscal year, with a high-single-digit revenue decline expected. Nike shares fell as much as 8.9% after the announcement, with at least 10 analysts lowering their price targets for the stock, which has now fallen 49% this year.

- Shares of Western Digital and Seagate Technology are both dropping on Friday, after Nikkei reported that Toshiba would invest ¥60 billion to double its production capacity for hard disk drives. However, analysts see low risk from the report.

- Freeport-McMoRan (FCX) shares rose as much as 4% after the miner said that its third-quarter copper production and sales results are expected to meet guidance.
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On this episode of Stock Movers:
- Nike (NKE) shares slump. Nike Inc. is cutting jobs and overhauling the business as results deteriorate, with a restructuring plan expected to save $2.5 billion over the next five years. The company announced weaker-than-expected sales for the latest quarter and a disappointing outlook for this fiscal year, with a high-single-digit revenue decline expected.

- FICO (FICO) shares rise following a selloff earlier this week. This bounce comes following investor concerns over increased competition in the mortgage credit scoring sector.
- Seagate Technology (STX) shares drop on a report Toshiba is building supply. Seagate shares are in a trading range since June, with two failed breakouts. They are currently indicated to gap below 50-DMA, 100-DMA’s on the open.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Nike (NKE) shares slump. Nike Inc. is cutting jobs and overhauling the business as results deteriorate, with a restructuring plan expected to save $2.5 billion over the next five years. The company announced weaker-than-expected sales for the latest quarter and a disappointing outlook for this fiscal year, with a high-single-digit revenue decline expected.
- Integra Life Sciences (IART) shares sink after the medtech company cut its revenue and profit forecast for the full year, citing impact from a facility flooding. The firm also gave preliminary revenue for the third quarter that fell short of Wall Street’s estimates.
- Boeing (BA) shares are mixed. Boeing Co.'s unionized white-collar workers voted to ratify a new contract, averting a costly strike that could have added certification delays to the planemaker's latest models. SPEEA-represented workers will see an average pay increase of 32% over four years under the latest proposed contract, in addition to an immediate 10% pay raise.
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