Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Universal Music shares plummeted as much as 23%, the most in two years, after the company’s subscription revenue growth fell short of expectations in the second quarter.
- Sainbury's shares rise as much as 6.7%, their highest intraday level since 2014, after it agreed to sell its struggling Argos general merchandise unit to Swift Partners, expecting to receive cash proceeds of at least £120 million.
- Taylor Wimpey shares fell as much as 8%, the most intraday since October 2024, after the homebuilder slashed its payout policy as it seeks to preserve cash in the face of a prolonged UK housing downturn.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Universal Music shares plummeted as much as 23%, the most in two years, after the company’s subscription revenue growth fell short of expectations in the second quarter.
- IAG shares fell as much as 5% after the owner of British Airways gave up on its growth plans for this year as the conflict in the Middle East continues to disrupt operations and drives up fuel costs.
- Puma shares fell after it posted a narrower loss in the second quarter as the German sports brand pushes ahead with an effort to restore growth next year.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- In the June quarter, Samsung and SK Hynix — whose revenues make up 80% of the memory sector — generated a staggering 150 trillion won ($104 billion) in combined operating profit in a single quarter, driven almost entirely by AI’s demand for advanced memory and storage devices.
- Asian AI-related shares, including data centers and mining stocks, rise in line with a broad rebound in chipmakers after a string of positive earnings helped lift sentiment. Alibaba rises as much as 6.3%
- Sony Group raised its profit outlook after its lucrative content holdings generated continued growth, underscoring the entertainment group’s resilience in the face of rising component prices.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Amazon (AMZN) shares jumped in post-market trading after it beat revenue expectations for the second quarter by 1.8%, with the AI-cloud Amazon Web Services division coming in 4.1% ahead of estimates. Net income climbed 244% from a year earlier. However, it sees 3Q revenue of between $197 billion and $202 billion, less than the $204 billion consensus. The surprisingly strong performance of the AI business seems to be what’s pushing shares higher, but the company was also far more profitable than consensus forecasts. Operating income was 16% above estimates.

- Apple (AAPL) sales grew more slowly than anticipated in China and its services business last quarter, sparking concerns about two key markets for the iPhone maker. Apple shares fell about 4% in late trading following the announcement, despite total revenue topping estimates and the iPhone's revenue rising 22% to $54.3 billion during the quarter. The company is planning several new Macs and iPads across the end of this year and next spring, and incoming CEO John Ternus faces challenges including adapting Apple to the AI era and replenishing its leadership bench.

- Rivian Automotive (RIVN) reported better-than-expected earnings as it began deliveries of a new midsize sport-utility vehicle, a positive sign while the company contends with a weakened market for electric vehicles in the US. The company's adjusted loss before interest, taxes, depreciation and amortization was $379 million in the second quarter, down from a $667 million loss a year ago, and its revenue also topped estimates. Rivian is working to rein in costs and revamp production while rolling out its newest model, the lower-cost R2 line, which the company is betting can help it capture greater share of the market for EVs
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners:
- Amazon (AMZN) shares rallied in extended trading after it delivered earnings that beat Wall Street estimates. The e-commerce and cloud-computing company reported second-quarter results that beat expectations on key metrics, including revenue at its Amazon Web Services business. However, it also gave a third-quarter revenue outlook that was weaker than expected.
- Rivian (RIVN) reported better-than-expected earnings as it began deliveries of a new midsize sport-utility vehicle, a positive sign while the company contends with a weakened market for electric vehicles in the US.
- Coinbase (COIN) reported total revenue for the second quarter that missed the average analyst estimate. Shares traded lower in extended trading.
See omnystudio.com/listener for privacy information.