Taylor Morrison Soars; MGM Resorts Rallies; IBM Jumps

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.

Taylor Morrison Soars; MGM Resorts Rallies; IBM Jumps

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Shares of Taylor Morrison Home Corp. (TMHC) soared in premarket trading after Berkshire Hathaway said it will acquire the homebuilder in an all-cash deal worth about $6.8 billion. It marks 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. - Shares of MGM Resorts International (MGM) rallied ahead of the US market open after the New York Times’ DealBook reported that Barry Diller’s People Inc. is preparing an offer to buy its unowned portion of the casino giant at an $18 billion valuation. The bid marks the second major acquisition in the gaming sector in as many weeks, after Fertitta Entertainment acquired Caesars Entertainment last week in an all-cash transaction valued at about $17.6 billion. - Shares of IBM (IBM) jumped in the early session after a video of President Trump praising the company’s CEO and discussing the stock at a December event recirculated on social media over the weekend. In the clip, Trump says IBM CEO Arvind Krishna had “taken the stock from a rather low price to a very nice price.” Dozens of accounts, including Polymarket Money, posted video of the comments on the social media site X. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Nvidia Debuts PC Chip; Berkshire to Buy Taylor Morrison; HPE Soars Ahead of Earnings

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Shares of Nvidia (NVDA) rallied ahead of the US market open after CEO Jensen Huang announced the company's plan to enter the PC market with a new chip aimed at loosening the stranglehold of Intel's technology in that arena and modernizing the machines for the AI era. Starting this fall, Nvidia’s new RTX Spark Superchip will debut in laptop and desktop computers from leading PC brands including Dell Technologies Inc. and Lenovo Group Ltd. - Berkshire Hathaway Inc. (BRK/A) says it will acquire Taylor Morrison Home Corp. (TMHC) in an all-cash deal worth about $6.8 billion. It marks 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. - Shares of Hewlett Packard Enterprise (HPE) rallied in premarket trading ahead of second-quarter results due after the market close on Monday. Expectations could be elevated after a blowout report from peer Dell Technologies, which showed huge demand for AI servers. Shares jumped as much as 16.7% on Friday, following Dell’s report. The stock is up 83% this year. However, analysts caution that high prices for memory-related components could be a headwind. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.