Homebuilder Stocks Tumble, Wendy's Soars, Micron Surges

Homebuilder Stocks Tumble, Wendy's Soars, Micron Surges

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - The iShares U.S. Home Construction ETF jumped about 6.3% Wednesday, its sharpest one-day advance since July 2025, as investors rushed into builders expected to benefit from policies aimed at accelerating housing supply and reducing competition from large institutional buyers. The newly approved 21st Century ROAD to Housing Act focuses on one of the root causes of America’s housing affordability crisis: insufficient supply, and is designed to make it easier, faster and cheaper to build homes. - The meme-stock crowd is rallying behind another beaten up American icon — Wendy’s (WEN) the fast-food chain known for the Frosty, Dave’s Triple burger and the Biggie Deal. The company’s shares, which had been on a steady downward slide for the past three years, surged as much as 42% on Wednesday, triggering a volatility halt, before paring the gain. It was the biggest jump since March 2020, when it joined other stocks in rebounding from the crash caused by the onset of the pandemic. - Micron Technology (MU) delivered a sales forecast that topped Wall Street estimates after AI-fueled shortages of components sent prices soaring. Revenue will be approximately $50 billion in the fiscal fourth quarter, with profit about $31 a share, compared with a projection of $25.31. Micron and its peers have become major beneficiaries of the artificial intelligence boom, with a spending spree by data center operators stoking the appetite for memory and high-bandwidth memory. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Wendy's Soars, Hertz Tumbles, Absci Surges

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - The meme-stock crowd is rallying behind another beaten up American icon — Wendy’s (WEN) the fast-food chain known for the Frosty, Dave’s Triple burger and the Biggie Deal. The company’s shares, which had been on a steady downward slide for the past three years, surged as much as 42% on Wednesday, triggering a volatility halt, before paring the gain. It was the biggest jump since March 2020, when it joined other stocks in rebounding from the crash caused by the onset of the pandemic. -Hertz Global (HTZ) is taking an unusual approach to issuing debt: concurrently serving up shares that are designed to be shorted. The company announced Wednesday that it planned to offer $100 million of stock alongside a $300 million offering of convertible payment-in-kind notes. The shares will be borrowed by JPMorgan Securities, which is one of the stock offering underwriters and also one of the banks arranging the notes. The flurry of announcements sent Hertz shares plunging as much as 33% - Absci (ABSI) shares jump as much as 46%, the most intraday since 2022, after positive Phase 1 data from the firm’s HEADLINE trial of its experimental drug to treat androgenetic alopecia, a common form of hair loss. The company also reported a $100 million offering which included contributions from Eli Lilly. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Micron Rises, Take Two Mixed, FedEx Slips After Warning on Inflation, Trade Turmoil

On this episode of Stock Movers: - Micron (MU) shares rise on Wednesday ahead of the semiconductor company’s fiscal third-quarter earnings report. Wall Street maintains high expectations for the memory manufacturer, with analysts tracking consensus projections for fiscal third-quarter earnings at $20.76 per share. - Take Two Interactive Software (TTWO) will sell the standard version of Grand Theft Auto VI at $80. Grand Theft Auto VI will be out Nov. 19 and pre-sale orders open on Thursday, with a predecessor that has sold more than 230 million copies. Rockstar will also offer a $100 package called the Grand Theft Auto VI: Ultimate Edition that includes the game and exclusive premium content. - FedEx (FDX) shares slip. FedEx Corp. reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Sunrun Rises, Hertz Tumbles, Wendy's Soars as Post Rallies Memers Around Burger Chain

On this episode of Stock Movers: -Sunrun (RUN) shares rise after the company announced an agreement with Tesla and Renew Home. It will deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities. -Hertz (HTZ) shares tumbled the most in two years after the car renter warned profit this quarter is trending toward the low end of its expectations and announced offerings of shares and notes. -Wendy's (WEN) shares surged as much as 42% on Wednesday, triggering a volatility halt, with no news announcement behind the jump. A post on Reddit Inc.'s WallStreetBets, which was later removed, implored its members to "save Wendy's before it's too late." See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Cerebras and FedEx Dip; Hertz Tumbles

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million. - FedEx (FDX) is dipping after it reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet. - Hertz (HTZ) shares are tumbling after the rental car company reported preliminary second-quarter adjusted corporate Ebitda that missed the average analyst estimate. Additionally, Hertz filed to offer $100 million of stock, lent to JPMorgan via a share lending agreement. The company won’t receive any proceeds from the sale of borrowed shares. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.