Stock Movers

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, Carol Massar and Tim Stenovec.
- Amazon (AMZN) surpassed $3 trillion in market value for the first time, becoming only the fifth company to ever reach the milestone. The e-commerce and cloud-computing company’s shares traded higher on Monday, adding to the raucous rally last week following second-quarter earnings that showed accelerating cloud-computing revenue. Amazon joins Nvidia, Alphabet, Microsoft and Apple as the only companies that have reached that size.
- Boeing (BA) received sign off for the 737 Max 7 from the Federal Aviation Administration, ending a drawn-out certification process that was upended by two fatal crashes and quality lapses at the US planemaker. The FAA issued an amended type certificate for the Max 7 following almost a decade of review, the regulator said in a statement Monday. The Max 7 has been predominantly ordered by Southwest Airlines Co. and Boeing has 282 unfilled orders for the Max 7, according to its website. Shares of Boeing rallied in trading on Monday.
- Palantir (PLTR) raised its sales and income forecasts for the full year after posting second-quarter sales that far exceeded Wall Street’s estimates. Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations, up from $4.45 billion at the top end of the range previously. The software developer also raised its full-year revenue outlook, projecting as much as $8.16 billion in sales, above analysts’ estimates of roughly $7.7 billion on average. Shares gained in late trading immediately following the results.
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On this episode of Stock Movers:
-SpaceX (SPCX) shares rise ahead of the company's first ever earnings report. As Tesla and SpaceX increasingly share technology — from Starlink and artificial intelligence to semiconductor manufacturing and robotics — investors are asking whether the relationship could extend beyond engineering and into the boardroom.
-Seagate (STX) shares are down. CEO Dave Mosley said building new factories would "take too long" during a presentation at the JPMorgan Global Technology, Media and Communications Conference.
-Marriott International (MAR) shares slide. The hotel operator gave a downbeat profit forecast for its third quarter and said it now anticipates net room growth for the full year at the low end of its previous 4.5%-to-5% guidance range.
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On this episode of Stock Movers:
- Amazon (AMZN) shares rise. Amazon.com Inc. surpassed $3 trillion in market value for the first time, becoming only the fifth company to ever reach the milestone. The average analyst price target calls for the stock to rise about 14% over the year from where it currently trades, according to data compiled by Bloomberg.
- AMC Entertainment (AMC) shares jump as much as 7.5% Monday after the cinema theater operator said it generated its highest-ever total weekend revenue — including records for admissions and food & beverage — driven by the opening of Spider-Man: Brand New Day, which grossed $355m domestically and $927m globally.
- Marriott International (MAR) shares slide. The hotel operator gave a downbeat profit forecast for its third quarter and said it now anticipates net room growth for the full year at the low end of its previous 4.5%-to-5% guidance range.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Bristol-Myers Squibb (SQB) shares are surging on news AstraZeneca (AZN), whose shares are lower, is exploring an acquisition of Bristol-Myers Squibb.
- Tyson (TSN) shares are dropping after the protein producer reported a 3Q sales shortfall, driven by a 16% reduction in beef sales volume, and cut its total company and beef profit forecasts for the full year.
- SpaceX (SPCX) shares are moving as investors in the company prepare for its first earnings report as a public company.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- AstraZeneca (AZN) shares are lower on news the company has explored an acquisition of Bristol-Myers Squibb Co., according to people familiar with the matter, in a potential megadeal that would rank as the largest ever in pharma.
- Nvidia (NVDA) shares, which have been mostly flat the past month, and Intel (INTC), which is slightly lower this morning as the market prices in chip volatility. The Philadelphia Stock Exchange Semiconductor Index plunged 21% in July for its worst month since October 2008, with nearly half the trading days having closes up or down by at least 4%. Much of the volatility is a result of greater scrutiny being placed on big-tech capital expenditure plans
- SpaceX (SPCX) shares are moving as investors in the company prepare for its first earnings report as a public company.
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