Nike Slips, Verizon Falls on SpaceX Telecom Talks

Galderma Slumps, AB Foods Falls, CMC Markets Soars

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: * Galderma shares slumped the most in more than a year after the US Food and Drug Administration turned down the Swiss dermatology firm’s rival Botox treatment Relfydess. * Associated British Foods reported lower sales at its Primark budget fashion chain and a profit-hit at its sugar unit due to the war in Iran, as the conglomerate prepares to separate its clothing and food divisions. * CMC Markets shares soared 22% to a fresh record after the UK financial derivatives dealer raised its guidance for 2027 net operating income citing strong momentum. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Schneider Drops, AB Foods Falls, JD Sports

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: * Schneider Electric has announced a $3.1 billion all-cash deal to acquire Cognite Holding, expanding its industrial data and AI software business. Analysts say the acquisition multiple seems high, but flag that it only represents a bolt-on deal considering Schneider’s market capitalization of about €165 billion. * Associated British Foods reported lower sales at its Primark budget fashion chain and a profit-hit at its sugar unit due to the war in Iran, as the conglomerate prepares to separate its clothing and food divisions. * JD Sports struggles with a tough consumer environment, amidst growing pressure in the sportswear market.  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

TSMC Rises, China Life Drops, SK Hynix Falls

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: * In Taiwan the capex beneficiary story remained healthy. Gains were seen for a number of firms including a jump of as much as 5.2% for TSMC. * In China there have been some non tech movers including insurance firms. China Life fell as much as 4.7%. * The Kospi Index fell, as the National Pension Service is set to resume re-balancing its domestic stock holdings after a temporary suspension. SK Hynix dropped as much as 5.2%  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Nike Slips, Verizon Falls on SpaceX Telecom Talks

On this episode of Stock Movers: - Nike (NKE) shares slipped in late trading on Tuesday as cautious comments from executives offset results in the latest quarter that outpaced expectations. Sales of $11 billion in the fiscal fourth quarter ended May 31 surpassed the average of estimates compiled by Bloomberg, while earnings per share also exceeded expectations. -Verizon Communications (VZ) and AT&T (T) are among telecommunications stocks extending losses after news that Space Exploration Technologies and Charter Communications held executive-level talks about partnering on a consumer mobile phone offering that could directly challenge wireless providers, according to people familiar with the matter. - Strategy (MSTR) shares are under pressure Tuesday as Bitcoin breaks below $59,000 and crypto‑related stocks weaken across the board. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: Chip Stocks Rally, AT&T & Verizon Slip, Vita Coco Falls

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 Greifeld, Carol Massar and Tim Stenovec. - Shares of semiconductor-related companies rallied as increased investments from leading chipmakers in South Korea bolster investors’ optimism. ASML (ASML) hit a fresh record in Amsterdam earlier. In the US, chip equipment suppliers like Applied Materials (AMAT) and KLA (KLA) closed higher in New York trading. A growing list of analysts turned more positive on chip-tool makers in June, expecting top chipmakers to speed up equipment purchases. - AT&T (T) and Verizon (VZ) are among telecommunications stocks extending losses after news that SpaceX and Charter Communications held executive-level talks about partnering on a consumer mobile phone offering that could directly challenge wireless providers, according to people familiar with the matter. - Vita Coco (COCO) fell for the fourth day in a row for its worst decline in that span of times since March 2022. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.