Stock Movers

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, David Gura and Christina Ruffini.

Micron Technology Inc. (MU) the largest US maker of memory chips, gave a sales forecast for the current quarter that exceeded estimates after the AI build-out fueled unprecedented demand.

Revenue will be about $61.5 billion in the fiscal first quarter, which runs through November, the company said in a statement Wednesday. Analysts estimated $56.8 billion on average. Excluding some items, profit will be about $38.15 a share, compared with a projection of $36.02.
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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Moderna Inc. (MRNA) shares fell the most in a month on Wednesday as a Citigroup Inc. analyst recommended selling the stock, saying its current valuation is “unjustifiable” following an outsized rally. The vaccine maker has been on a tear this year, with most of the stock’s near 600% surge coming off the back of positive data from the firm’s cancer vaccine with Merck & Co. in August.

- Robinhood Markets (HOOD) shares fluctuated after the company partnered with Cboe Global Markets, as it plans to launch a new category of SEC-regulated binary contracts tied to company-specific key performance indicators in October, with Robinhood serving as the first retail broker to offer the products.

- Target (TGT) stocks slightly dipped after HSBC raised the recommendation on retailer to buy from hold. Target shares are up 60% this year through Tuesday’s close.
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On this episode of Stock Movers:
- Boeing (BA) shares rise. The Pentagon selected the aerospace company over rival, Northrop Grumman, to build the Navy’s next-generation fighter jet — the Sixth-Generation F/A-XX Strike Fighter.
- Northrop Grumman (NOC) shares fall after Pentagon selection of Boeing.
- Robinhood (HOOD) shares rise. The brokerage is launching new products that help users utilize AI agents to build and execute trading strategies and allow customers to trade perpetual futures on some cryptocurrencies.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Boeing (BA) shares rise after the Pentagon selected the aerospace company over rival, Northrop Grumman, to build the Navy’s next-generation fighter jet — the Sixth-Generation F/A-XX Strike Fighter.

- Concentrix (CNXC) shares are mixed. The company posted mixed fiscal third-quarter results as it navigates a shift toward artificial-intelligence-powered customer-service tools.
- DoorDash (DASH) shares rise. The company unveiled an artificial intelligence agent for ordering food that works inside Apple Inc.'s Messages app, allowing consumers to enter text commands without accessing the DoorDash app. The company is opening a waitlist for US-based customers to try out the new service, which matches phone numbers with DoorDash user profiles and facilitates checkout with stored payment methods.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Cal-Maine (CALM) shares fell after the egg producer reported net sales for the first quarter that missed the average analyst estimate, and said it won’t pay a cash dividend in the first quarter.
- Concentrix (CNXC) shares are sliding after the software company’s reported revenue forecast for the fourth quarter missed the average analyst estimate.
- Robinhood (HOOD) is on the move as it plans to offer weekend trading for equities in a first for modern US markets, allowing customers to trade a selected list of stocks and exchange-traded funds over the weekend.
See omnystudio.com/listener for privacy information.