Nuvalent Deal; JM Smucker Reports; Vail Resorts Drops

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.

Nuvalent Merger; Apple Skepticism; Applied Digital Deal

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. - Apple (AAPL) shares are lower after the company detailed the latest generation of its AI platform, which is focused on its Siri digital assistant. The event received mixed reviews. - Applied Digital (APLD) is rising on news of a 15-year hyperscaler lease deal at Delta Forge 2. - Vail Reports (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. - Mission Produce (AVO) shares sank after the avocado supplier reported adjusted earnings per share for the second quarter that missed the average analyst estimate. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

GSK Deal, Fevertree Up, Seraphim Soars

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - GSK agreed to buy Nuvalent Inc. in a deal valued at $10.6 billion (7.9 billion pounds), adding a biotech firm that’s developing treatments for lung cancer as the British pharmaceutical company seeks to rebuild its oncology franchise. - Fever-Tree shares rise as much 8.2% to the highest in a month after the company said it was on track to meet expectations and extended its buyback program. - Seraphim Space Investment Trust shares rise as much as 26%, their biggest jump in almost three years, after the fund said the fair value of Iceye, its largest holding, had doubled after a funding round. Shares of Molten Ventures, which also invests in Iceye, gain as much as 12%. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.