JM Smucker Gains, Sandisk Rises, Apple Drops After Delaying Siri AI in EU

Closing Bell: Mission Produce Jumps, Chip Stocks Tumble, SailPoint Slides

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, Katie Griefeld, Carol Massar and Emily Graffeo. - Mission Produce (AVO) shares jumped as much as 13% on Tuesday, the most intraday since December 2024, after the avocado supplier said fruit supply has “normalized” and per unit margins are recovering after an unusually high avocado supply environment during the second quarter. The company also reported revenue for the second quarter that exceeded expectations. - SailPoint (SAIL) shares are down 13% in premarket trading, after the software company reported its first-quarter results and gave an outlook. The report showed stronger-than-expected revenue, and the full-year forecast was raised on key metrics, but it may not have been robust enough to extend recent strength in the stock, which is up nearly 70% off an April low, as of last close. - Major US technology and internet stocks fell on Tuesday, plunging in a broad-based selloff that was the latest example of heavy volatility in the sector. Chip maker Marvell Technology (MRVL) dropped 11%, having rallied 9.6% the previous session on the news that it would join the S&P 500 later this month. Among notable movers: Nvidia -3.9%, AMD -9.9%, Intel -9.1%, Arm -13%, Micron -9.3%, US-listed shares of TSMC -4.7% See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

JM Smucker Rises, SailPoint Slides, Nuvalent Jumps on GSK Deal

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: -JM Smucker (SJM) shares rise 4.8% ahead of the bell after organic sales and adjusted EPS beat expectations for the fourth quarter. The midpoint of the initial fiscal 2027 adjusted EPS range forecast is above consensus. In prepared remarks, the company said it expects the board to maintain the current dividend policy, which is to return approximately 40% to 45% of its annual adjusted earnings per share to shareholders, reflecting dividend growth consistent with future earnings. -SailPoint (SAIL) shares are down 13% in premarket trading, after the software company reported its first-quarter results and gave an outlook. The report showed stronger-than-expected revenue, and the full-year forecast was raised on key metrics, but it may not have been robust enough to extend recent strength in the stock, which is up nearly 70% off an April low, as of last close. - Shares of Nuvalent (NUVL) rose sharply in pre-market trading after GSK agreed to acquire the company in a deal valued at $10.6 billion (7.9 billion pounds). GSK will pay $124 per share in cash, a 40% premium over Nuvalent's closing share price on Monday. Nuvalent (NUVL) is up 39% See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

JM Smucker Gains, Sandisk Rises, Apple Drops After Delaying Siri AI in EU

On this episode of Stock Movers: -JM Smucker (SJM) shares gain. The company plans to lower coffee prices next year as the cost comes down. The company expected net sales to decline next year between 3% and 4% when it reduces prices, as it passes through lower costs on green coffee to consumers. -Sandisk (SNDK) shares rise. Mizuho Securities and BofA Securities raised their price targets for Sandisk stock to $2,200 and $2,100, respectively. -Apple (AAPL) shares drop. Apple Inc. said it isn’t able to launch Siri AI on iPhones, Apple Watches or iPads in the European Union due to a standoff with the continent’s antitrust watchdog. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Vail Resorts Falls, United Natural Foods Drops, Applied Digital Rises on 15-Year Lease Deal With Hyperscaler

On this episode of Stock Movers: -Vail Resorts (MTN) shares drop after the ski resort operator cut its net income guidance for the full year, attributing the reduction to “historically challenging” weather conditions in the western US. The guidance missed the average analyst estimate. -United Natural Foods (UNFI) shares fall after the grocery wholesaler lowered the top end of its guidance, though ultimately maintaining the midpoint, while third-quarter adjusted EPS narrowly beat, and net sales saw a modest shortfall.  -Applied Digital (APLD) shares rise after the neocloud company said it signed a 15-year take-or-pay lease with a US-based artificial intelligence hyperscaler, for 210 megawatts of critical IT load at its Delta Forge 2 campus. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Nuvalent Deal; JM Smucker Reports; Vail Resorts Drops

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Nuvalent (NUVL) shares are higher on news GSK agreed to buy Nuvalent for $10.6 billion, securing a US biotech firm developing treatments for lung cancer. - JM Smucker (SJM) shares are on the move after it posted fourth-quarter profits that beat Wall Street expectations as higher prices helped boost the packaged food company. - Vail Resorts (MTN) is dropping after the ski resort operator cut its net income guidance for the full year, attributing the reduction to “historically challenging” weather conditions in the western US. The guidance missed the average analyst estimate. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.