Amazon Drops, Nvidia Falls, Alphabet Surges After Berkshire Hathaway Reveals Stake
On this episode of Stock Movers:- Amazon (AMZN) shares fall on news that the company is seeking to raise about $12 billion through a debt offering — its first such deal in US dollars in about three years. The company is selling investment-grade bonds in as many as six parts, with proceeds that may be used for acquisitions, capital expenditures, and share buybacks.- Nvidia (NVDA) shares drop after news that Peter Thiel’s hedge fund Thiel Macro LLC sold its stake in the company during the third quarter, offloading its entire position of 537,742 shares.- Alphabet (GOOGL) shares gained after a report said Warren Buffett's Berkshire Hathaway said it took a stake in Google's parent company last quarter.See omnystudio.com/listener for privacy information.
--------
2:53
--------
2:53
Alphabet Surges, Quantum Computing Rises, Johnson & Johnson Gains on News of Halda Deal
On this episode of Stock Movers:- Alphabet (GOOGL) shares surge after a report said Warren Buffett's Berkshire Hathaway said it took a stake in Google's parent company last quarter.- Quantum Computing (QUBT) after news that Alyeska Investment Group reported a position in Quantum Computing Inc. in the third quarter, 3 percent of the company's outstanding stock.- Johnson & Johnson (JNJ) shares gain after news that the company agreed to buy Halda Therapeutics for $3.05 billion cash as part of a strategy to cope with eroding sales for its major psoriasis drug.See omnystudio.com/listener for privacy information.
--------
4:17
--------
4:17
Nvidia Dips; Alphabet Gains; E.W. Scripps Soars
On this episode of Stock Movers:- Shares of Nvidia (NVDA) edged lower in early trading ahead of the company's highly anticipated earnings report due Wednesday after the close. Monday's premarket dip comes after Peter Thiel’s hedge fund Thiel Macro LLC sold off its holdings in Nvidia Corp. during the third quarter, marking another retreat from the leading provider of artificial-intelligence chips. The fund offloaded its entire position of 537,742 shares in the world’s premier AI chipmaker, which would have been worth about $100 million based on the closing price from Sept. 30. The Thiel Macro fund now counts Apple Inc., Microsoft Corp. and a reduced stake in Tesla Inc. as its main bets, according to a 13F filing.- Shares of Alphabet (GOOG) moved higher ahead of the US market open, after regulatory filings Friday showed Warren Buffett’s Berkshire Hathaway acquired 17.9 million shares in the Google parent during the third quarter. Even boasting some of the strongest balance sheets and highest ratings among corporate issuers, software and services providers' increased spending and borrowing have widened their bond spreads, with some facing downgrades. Though spreads are wider, the risk of significant widening, for most, appears contained. In fact, the largest hyperscalers -- including Amazon.com, Microsoft, Alphabet and Meta -- may be among the best positioned across the Bloomberg US Corporate Bond Index, based on Bloomberg Intelligence's credit-driver matrix.- Shares of The EW Scripps Co. (SSP) soared in the premarket trade after Sinclair took a 8.2% stake in the news multimedia company as part of a potential merger strategy that the pair have been discussing for several months, according to a 13D filing. Amid industry headwinds and a more favorable FCC tone on M&A, the company has suggested a large-scale deal could generate $600-$900 million in annual synergies from retransmission step-ups and cost efficiencies.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Alphabet (GOOG) is the biggest gainer among Magnificent 7 tech stocks in US premarket trading Monday, after regulatory filings Friday showed Warren Buffett’s Berkshire Hathaway acquired 17.9 million shares in the Google parent during the third quarter.- Peter Thiel’s hedge fund Thiel Macro sold off its holdings in Nvidia (NVDA) during the third quarter, according to a 13F filing. The fund offloaded its entire position of 537,742 shares in the world’s premier AI chipmaker, which would have been worth about $100 million based on the closing price from Sept. 30. The filing comes not long after SoftBank Group Corp. announced a similar move to sell off its shares in Nvidia in October for $5.83 billion.- Sinclair (SBGI) has taken an 8.2% stake in EW Scripps as part of a potential merger strategy that it has been actively discussing with the company for several months, according to a 13D filing.See omnystudio.com/listener for privacy information.
--------
4:32
--------
4:32
Soceiete Generale Boosted, TotalEnergies Up, WPP Rises
On this episode of Stock Movers:- Societe Generale unveiled a €1 billion ($1.2 billion) share buyback, a boost for investors who have been holding out for more payouts. SocGen’s share price rose as much as 1.5% in Paris on Monday and was trading 0.5% higher at 10:07 a.m., giving the firm a market value of €44.7 billion.- TotalEnergies SE agreed to buy a 50% stake in a portfolio of western European power-generation assets from Daniel Kretinsky's energy holding company for about €5.1 billion.- WPP shares gain as much as 6.7% as advertising agency Havas has expressed interest in the London-listed company, the Times reported over the weekend.See omnystudio.com/listener for privacy information.
Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.
Netherlands