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

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.

Chip Equipment Suppliers Soar, Zimmer Biomet Slumps, AeroVironment Soars

On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners: - Shares of companies that supply semiconductor equipment are soaring this week as increased investments from leading chipmakers in South Korea bolster investors’ optimism. US-based companies like Applied Materials (AMAT) and KLA Corp (KLA) rallied along with their peers overseas. More broadly, the US chip benchmark is up 100% in the first half as it heads for the best quarter on record. - Zimmer Biomet (ZBH) fell sharply after Cleveland Research published a report that cited disappointing orthopedic market trends. - AeroVironment (AVAV) shares rallied after the defense company reported fourth-quarter results that topped expectations and forecast 2027 revenue that at the midpoint exceeds estimates. Analysts note strength in its drones business. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Strategy Falls on Bitcoin Outlook; Air Products Rises; Chip Stocks Eye Record Quarter

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Shares of Strategy Inc. (MSTR) are falling as analysts cut their price targets on the Bitcoin treasury company amid declining Bitcoin prices and as the Michael Saylor-led crypto company unveiled a sweeping overhaul of the financing model underpinning its Bitcoin strategy, giving itself broader powers to sell the cryptocurrency, buy back securities and preserve liquidity as it adapts to mounting pressure on the structure that fueled years of aggressive accumulation. - Shares of Air Products (APD) gained by the most since 2020, after the company said it will not proceed with the Louisiana Clean Energy Complex project and will record a pre-tax charge that’s not expected to exceed $2.9 billion in fiscal third-quarter. - Chip stocks are on pace for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Concentrix and Digital Reality Lower; AVAV Jumps

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Concentrix (CNXC) shares are sliding after the call-center company slashed its full-year outlook. Its forecasts for reported revenue and adjusted earnings per share also undershot Wall Street’s expectations. - AeroVironment (AVAV) shares are jumping after the defense company reported fourth-quarter results that topped expectations across key metrics and forecast 2027 revenue that at the midpoint exceeded analysts’ estimate. - Digital Reality (DLR) shares are lower on news it will buy a Blackstone data center stake for $3.5 billion. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.