Stock Movers

On this episode of Stock Movers:
- CVS (CVS) shares drop. CVS Health Corp. plans to spin off its retail pharmacy business into a new company called CVS Pharmacy in the first half of 2028. The move will separate the drugstore business from the Aetna insurance unit and Caremark prescription benefits division, with both companies to be publicly traded.
- Hewlett Packard (HPQ) shares rise. HP Inc. named Emma Walmsley as its new CEO, permanently filling the role after Enrique Lores departed earlier this year. Walmsley's appointment will take effect on Jan. 4, and she succeeds Bruce Broussard, who was named interim CEO when Lores left to run PayPal Holdings Inc.
- McDonald's (MCD) shares gain. McDonald’s US sales fell less than feared in the third quarter as diners spent more per visit, offsetting a traffic decline. Comparable sales slumped 0.2% in the period, a smaller contraction than the average of analyst estimates compiled by Bloomberg. McDonald’s is trying a new approach to value to replace a menu of items under $3 that disappointed, and is moving away from short-term promotions toward programs that customers have responded well to.
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On this episode of Stock Movers:
- SpaceX (SPCX) shares slide. Shares of Elon Musk’s Tesla Inc. and Space Exploration Technologies Corp. fell ahead of Wednesday’s US stock-market opening as Democrats swept to control of Congress. A so-called blue wave in the midterm elections will fan concerns about tighter regulations around artificial intelligence, and also creates more uncertainty over a potential merger of the electric vehicle maker and the rocket, AI and satellite giant.
- CVS (CVS) shares drop. CVS Health Corp. plans to spin off its retail pharmacy business into a new company called CVS Pharmacy in the first half of 2028. The move will separate the drugstore business from the Aetna insurance unit and Caremark prescription benefits division, with both companies to be publicly traded.
- Kraft Heinz (KHC) shares rise. Kraft Heinz Co. is divesting its North American coffee business to private equity firm One Rock Capital Partners, LLC at an enterprise value of $650 million. The company will keep a 30% non-controlling equity stake in the coffee unit and use the net cash proceeds to pay down debt. The divestment is part of Kraft Heinz's efforts to simplify and strengthen its portfolio, allowing it to concentrate its capital and management attention on brands with greater potential for growth.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Tesla (TSLA) and SpaceX (SPCX) are lower this morning as Elon Musk's companies take a hit after a Democratic sweep in the Midterm elections and the prospect for tighter regulations.
- McDonald's (MCD) shares are moving after the fast food chain reported higher profit and revenue in the latest quarter, with solid performance across much of its international business offsetting sluggish sales in the U.S.
- Uber (UBER) shares are following news the company posted weaker-than-expected ride-hail bookings due to driver supply constraints overseas and ongoing tensions in the Middle East.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Tesla (TSLA) and SpaceX (SPCX) are lower this morning as Elon Musk's companies take a hit after a Democratic sweep in the Midterm elections and the prospect for tighter regulations.
- Trump Media (DJT) is falling after the Midterm elections swung in the Democrats' favor and the president accepted the results of the election.
- Bank stocks including JPMorgan (JPM) and Goldman Sachs (GS) are higher as treasuries rally on the election news.
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Today's biggest winners and losers in the Global market.
On this episode of Stock Movers:
-Democratic sweep of Congress rippled across global markets, with stocks fluctuating while the dollar fell and Treasuries gained on bets the outcome will put the brakes on President Donald Trump’s agenda.
- European stocks are also faring better than their US and Asian peers after the midterm elections and can continue to do so as regional earnings are running ahead of expectations again.
- Elon Musk’s big midterms bet on Republicans didn’t pay off, and that’s being reflected in the shares of his car and rocket companies -- both heavily exposed to Trump’s tariff, regulation and defense policies -- in early trading.
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