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

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.