MSG Sports; Intel Soars; SpaceX Set to Decline

MSG Sports; Intel Soars; SpaceX Set to Decline

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Shares of Madison Square Garden Sports (MSGS) declined on Wall Street as the New York Knicks' championship parade packed Lower Manhattan with fans, cops, and confetti. A ticker-tape parade stepped off from Bowling Green in Lower Manhattan, traveling north along Broadway. Players including Jalen Brunson, Mikal Bridges, OG Anunoby and Karl-Anthony Towns — accompanied by New York City Mayor Zohran Mamdani and the state’s governor, Kathy Hochul — rolled along the “Canyon of Heroes” on floats, waving to sidewalks crammed with fans, many of whom had been waiting for hours to get a glimpse of the champs. The parade will conclude at City Hall Plaza with a ticketed ceremony where Mamdani will present the team with keys to the city. - Shares of Intel (INTC) surged Thursday after US President Donald Trump said the chipmaker will work alongside Apple Inc. to design and produce semiconductors domestically. Trump didn’t elaborate on that tie-up, which he mentioned after championing Nvidia Corp. and Elon Musk’s Terafab chipmaking ambitions in a Truth Social post. The iPhone maker has held exploratory discussions about using Intel and Samsung Electronics Co. to produce the main processors for its devices in the US. - SpaceX (SPCX) shares moved lower Thursday, putting them on track to fall for a second straight day as it wraps up its first week as a public company following a record initial public offering. The stock fell as much as 3.5% in premarket trading after initially rising 2%. The move is set to extend Wednesday’s nearly 5% decline, the first down day for shares after they jumped 49% across their first three days of trading. Still, the rocket and AI company remains on track to end the week nearly 40% above its $135 IPO price. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

SpaceX Set to Fall; Accenture Sinks; Take Two Climbs on GTA Update

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SpaceX (SPCX) shares slipped in premarket trading, putting them on track to fall for a second straight day as it wraps up its first week as a public company following a record initial public offering. The stock fell as much as 3.5% in premarket trading after initially rising 2%. The move is set to extend Wednesday’s nearly 5% decline, the first down day for shares after they jumped 49% across their first three days of trading. Still, the rocket and AI company remains on track to end the week nearly 40% above its $135 IPO price. - Shares of Accenture (ACN) tumbled after the IT services company gave a revenue forecast for the fourth quarter that fell short of Wall Street’s expectations. The company said it’s expecting to reel in less revenue in the coming months, as artificial intelligence upends the consulting services industry and clients paused business due to the conflict in the Middle East. Accenture reported a 2% drop in new bookings for the quarter ended May 31, according to a statement Thursday. It forecast revenue of between $17.75 billion and $18.4 billion in the three months through August, falling short of the $18.47 billion Bloomberg-compiled analysts had anticipated. - Take-Two (TTWO) shares jumped on Thursday as its Rockstar Games unit says that pre-orders for its much-anticipated Grand Theft Auto VI game will begin on June 25. GTA VI is widely expected to be one of the biggest video games ever. The previous entry in the long running crime drama series has sold more than 225 million copies. In a recent interview, Chief Executive Officer Strauss Zelnick said he was both excited and terrified about the expectations surrounding the game. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Intel-Apple Deal; Smith and Wesson Rises; Rumble Jumps

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Intel (INTC) surged in premarket trading and Apple (AAPL) shares are also moving on news the chipmaker will work alongside Apple to design and produce semiconductors domestically. President Trump made the announcement. The iPhone maker has held exploratory discussions about using Intel and Samsung to produce the main processors for its devices in the US. - Smith and Wesson (SWBI) shares are rising this morning. The company had a profit of 36 cents a share on a comparable basis for the latest quarter, and sales of $178.4 million. - Rumble (RUM) shares jumped after the online video network platform said it plans to operate two core business units: video platform Rumble and cloud and AI-infrastructure business Quake AI, formerly Northern Data. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Intel-Apple Deal; Smith and Wesson Rises; SpaceX Latest

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Intel (INTC) surged in premarket trading and Apple (AAPL) shares are also moving on news the chipmaker will work alongside Apple to design and produce semiconductors domestically. President Trump made the announcement. The iPhone maker has held exploratory discussions about using Intel and Samsung to produce the main processors for its devices in the US. - Smith and Wesson (SWBI) shares are rising this morning. The company had a profit of 36 cents a share on a comparable basis for the latest quarter, and sales of $178.4 million. - SpaceX (SPCX) shares are moving after declining yesterday for the first time since its IPO in a volatile session. The decline dragged SpaceX back below Amazon.com Inc. in value, making it the sixth-largest company in the world with a market capitalization of about $2.5 trillion. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Edenred Rises, Tesco Dips, Evonik Down

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Payments firm Edenred said it has been approached by investment funds, following a report of takeover interest from BC Partners. - Tesco Plc’s sales rose less than expected in the fiscal first quarter as the UK’s biggest supermarket grapples with weaker consumer sentiment and a tough comparison with last year. - Evonik Industries AG is shedding an additional 3,200 jobs and scrapping its unprofitable polyester business as the German chemicals company grapples with geopolitical turmoil, high energy costs and mounting competition from Asia. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.