AMS Surges, EasyJet Rises, H&M Drops

Micron Soars, Dell Falls, Bio-Techne Drops After Merck KGaA Secures $11.3 Billion Purchase

On this episode of Stock Movers: -Micron (MU) shares surged after the company issued a quarterly sales forecast that exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong. -Dell (DELL) shares fall after GF Securities Co. Ltd. downgraded the computer and server company to hold from buy. Analyst Jeff Pu writes that the valuation is stretched, with shares up 245% this year. -Bio-Techne (TECH) shares fall. Merck KGaA agreed to buy Bio-Techne Corporation for about $11.3 billion to bolster its life-science business. Merck agreed to pay $73 per share in cash for the US diagnostics firm, a premium of roughly 24% on Bio-Techne’s closing price on Wednesday. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

IBM Rallies; McCormick Beat; Darden Falls

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - IBM (IBM) shares gained in premarket trading on Thursday after the technology giant unveiled the world’s first sub-1 nanometer (nm) chip technology. DARDEN RESTAURANTS (DRI) - McCormick (MKC) is moving after it reported second-quarter profit that beat estimates, buoyed by higher prices and a tariff refund, and reaffirmed its full-year guidance. - Darden Restaurants (DRI) shares fell after its same-store sales at Olive Garden trailed expectations, raising questions about demand at the company’s largest chain and overshadowing better-than-expected earnings. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Micron Surges; Alibaba Lower; Wendy's Soars

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Micon Technology (MU) shares surged in premarket trading after its quarterly sales forecast exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong. The company has secured strategic customer agreements that average three years in length, which suggests it can mitigate boom-and-bust cycles in the memory chip industry. - Alibaba (BABA) shares are lower after Anthropic PBC accused Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” access its Claude artificial intelligence model using thousands of fraudulent accounts. - Wendy's (WEN) shares continue to soar amid a meme stock craze. A post on Reddit's WallStreetBets that implored its members to "save Wendy's before it's too late" appeared to be the reason for the stock's climb. Analysts attribute the surge to "meme stock mania" and the company's nostalgia appeal, with its stock having tumbled over 70% since mid-2023 and short sellers making it vulnerable to a price spike. - Hertz (HTZ) is continuing its downward trend after the company warned of pressure on earnings and plans to issue new debt. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

AMS Surges, EasyJet Rises, H&M Drops

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - EasyJet shares rise as much as 5.9% to the highest level in a year after the UK budget airline rejected a fourth takeover bid from US investment firm Castlelake at 650p a share, saying the offer is “significantly undervaluing” the carrier. - Advanced Medical Solutions shares surge as much as 16%, the most in over a year, after HB Fuller made a 285p-a-share cash offer for the UK medical-device maker. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Infineon Gains, EasyJet Rises, 3i Jumps

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - European semiconductor stocks rally following a blowout earnings report from US-listed memory chipmaker Micron and an upbeat outlook from Qualcomm. Infineon climbed as much as 5.3% - EasyJet shares rise as much as 5.9% to the highest level in a year after the UK budget airline rejected a fourth takeover bid from US investment firm Castlelake at 650p a share, saying the offer is “significantly undervaluing” the carrier. - 3i Group shares jump as much as 11%, the most since January, after the investment company revealed like-for-like growth at discount retailer Action, the single largest holding in its portfolio, accelerated over the last six weeks. Analysts said better weather helped demand and believe the acceleration is providing some reassurance. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.