Revolution Medicines Rises, HPE Soars on Strong Outlook, MGM Resorts Higher

Revolution Medicines Rises, HPE Soars on Strong Outlook, MGM Resorts Higher

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: * Revolution Medicines (RVMD) shares rallied after the cancer drugmaker reported its experimental pancreatic cancer drug, daraxonrasib, delayed painful symptoms for months and nearly doubled survival. * Hewlett Packard Enterprise (HPE) gave an outlook for annual sales that topped estimates, citing massive growth in demand for the company’s servers and networking that it expects to continue through next year. The shares soared in extended trading. The shares jumped more than 20% in late trading after closing at $47 in New York. The company’s stock had gained more than 60% just in the past month. * MGM Resorts (MGM) shares traded higher today after Barry Diller made an offer for the remaining portion of the company that he doesn’t already own, marking the latest pivot for the billionaire media mogul after overhauling IAC Inc. The bid is a 10.6% premium over MGM Resorts’ closing price on Friday and more than 30% higher than its volume-weighted average price over the past 90 days. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: Nvidia Jumps, Rocket Labs Slides, Hewlett Packard Enterprise Soars After Earnings

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, Katie Greifeld, Emily Graffeo, and Tim Stenovec. - Nvidia (NVDA) shares jumped today after Nvidia unveiled the RTX Spark, a chip described as "the most efficient PC chip ever built," designed for personal devices to run AI agents. The move is an effort to disrupt Intel and AMD's dominance of the PC chip market, with Nvidia using technology licensed from processor-design firm Arm Holding. - Rocket Labs Corp (RKLB) shares declined on Monday, extending a rout that started late last week after a Blue Origin rocket exploded.  - Hewlett Packard Enterprise (HPE) shares soared after the close, due to the company giving an outlook for annual sales that topped estimates, citing massive growth in demand for the company’s servers and networking that it expects to continue through next year.  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Taylor Morrison Home, Nvidia, IBM All Jump Higher

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Taylor Morrison Home (TMHC) shares rose while Berkshire Hathaway (BRK/B) stocks fell after it was announced that Berkshire Hathaway will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing price on Friday. It’s the largest deal since Berkshire bought Occidental Petroleum Corp.’s petrochemical business in January. - Nvidia (NVDA) shares jumped after the leader in AI semiconductors said it was entering the PC market with a new chip.  - International Business Machines (IBM) stocks spiked after a nearly six-month old video of Donald Trump praising International Business Machines Corp.’s CEO sent the shares surging as much as 10% on Monday to a record high, adding more than $28 billion to the company’s stock-market value.  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

IBM Jumps, Taylor Morrison Gains, Strategy Falls After Selling $2.5 Million of Bitcoin

On this episode of Stock Movers: - IBM (IBM) shares jump. A nearly six-month old video of Donald Trump praising International Business Machines Corp.’s CEO sent the shares surging, adding more than $24 billion to the company’s stock-market value. The video was recirculated over the weekend on dozens of accounts on X, with one post from Polymarket Money racking up more than 700,000 views. - Taylor Morrison (TMHC) shares gain. Berkshire Hathaway Inc. will acquire Taylor Morrison Home in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. - Strategy (MSTR) shares fall. Strategy disposed of about $2.5 million of Bitcoin, a symbolic break from its maximalist playbook. The sale was the first since late 2022, and comes after Michael Saylor signaled the possibility of token sales during the company's quarterly earnings call last month. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

MGM Resorts Rises, ServiceNow Gains, GoPro Falls After Warning on Going Concern in Filing

On this episode of Stock Movers: -MGM Resorts (MGM) shares rise. Barry Diller has made an offer for the remaining portion of MGM Resorts International he doesn’t already own through his business empire, People Inc. -ServiceNow (NOW) shares gain. Shares of major software companies, such as ServiceNow, Asana and Adobe, continued their upward momentum after Nvidia announced RTX Spark, an Arm-based central processing unit for personal computers. -GoPro (GPRO) shares fell as much as 12% in early NY trading after warning about substantial doubt about the company’s ability to continue as a going concern. The company is refiling consolidated financial statements that were previously included in its annual report See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.