Weekly Roundup: Oracle Disappoints, Warner Bros Higher, Carvana Rises Ahead of S&P Entry
On this episode of Stock Movers: - Oracle (ORCL) closed 4.47% lower today and fell 12.7% this week. Shares slipped after earnings disappointed investors, and Bloomberg reported that some of the company's data centers being built for OpenAI will now be completed in 2028 instead of 2027. The delays stem from shortages of labor and materials, fueling doubts about execution, according to Bloomberg. - Warner Bros Discovery (WBD) rose by 15% this week, closing at a record high today. Paramount Skydance is attempting to buy the company in a hostile takeover, while Netflix is also making a bid. - Carvana (CVNA) is higher by 13.99% this week. The online used-car dealer will make an entry into the S&P 500 Index this month.See omnystudio.com/listener for privacy information.
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Closing Bell: Lululemon Gains on CEO Stepping Down, Cannabis Stocks Rise, Oracle Lower
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, Tim Stenovec and Carol Massar. On this episode of Stock Movers: - Lululemon (LULU) shares finished the day 9.6% higher after the yoga-wear retailer said its CEO Calvin McDonald will step down after a seven-year stint, signaling a potential strategy change after sales struggled and the stock fell more than 60% from a 2023 peak. - Canopy Growth (CGC) was up 53% today. Stocks of cannabis producers soared as President Donald Trump is expected to direct his administration to move to reclassify marijuana as a less dangerous drug. - Oracle (ORCL) closed 4.47% lower. Shares slipped after Bloomberg reported that some of the company's data centers being built for OpenAI will now be completed in 2028 instead of 2027. The delays stem from shortages of labor and materials, fueling doubts about execution, according to Bloomberg.See omnystudio.com/listener for privacy information.
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Oracle Slips, Broadcom Plunges, Lulu Jumps on CEO Change
On this episode of Stock Movers: - Oracle (ORCL) shares slipped after Bloomberg reported that some of the company's data centers being built for OpenAI will now be completed in 2028 instead of 2027. The delays stem from shortages of labor and materials, fueling doubts about execution, according to Bloomberg. - Broadcom (AVGO) shares fall as much as 9.3%, the most intraday since April 10, as investors scrutinize the chipmaker’s $73b of AI backlog to be delivered in the next 18 months. That figure fell short of more bullish expectations, but the company said it was a “minimum” number as orders will be topped up over time. - Lululemon (LULU) shares jump as much as 14% on Friday, the most intraday in more than eight months, after the yoga-wear retailer said its CEO Calvin McDonald will step down after a seven-year stint, signaling a potential strategy change after sales struggled and the stock fell more than 60% from a 2023 peak.See omnystudio.com/listener for privacy information.
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Broadcom Slides, Lululemon Gains, Citigroup Rises on Boeing Call
On this episode of Stock Movers:- Broadcom (AVGO) shares slide the most intraday since April 10, as investors scrutinize the chipmaker’s $73b of AI backlog to be delivered in the next 18 months. That figure fell short of more bullish expectations, but the company said it was a “minimum” number as orders will be topped up over time.- Lululemon (LULU) shares surge after the company boosted its full-year outlook and announced that its chief executive officer would step down. The company is searching for a replacement for CEO Calvin McDonald, who will depart the top post at the end of January, and the decision to find new leadership is seen as "overdue" by Jefferies analyst Randal Konik.- Citigroup (C) shares rise after the firm says it's bullish on the planemaker. The firm said quote "We rate BA Buy with a $265 YE26 PT. New Management is the Megatrend. We are as bullish on new management as an analyst could reasonably be. Strong top down and bottom up tailwinds support our view."See omnystudio.com/listener for privacy information.
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Lululemon Surges, Broadcom Slides, Tilray Brands Rise on Possible Trump Order
On this episode of Stock Movers:- Lululemon (LULU) shares surge after the company boosted its full-year outlook and announced that its chief executive officer would step down. The company is searching for a replacement for CEO Calvin McDonald, who will depart the top post at the end of January, and the decision to find new leadership is seen as "overdue" by Jefferies analyst Randal Konik.- Broadcom (AVGO) shares slide the most intraday since April 10, as investors scrutinize the chipmaker’s $73b of AI backlog to be delivered in the next 18 months. That figure fell short of more bullish expectations, but the company said it was a “minimum” number as orders will be topped up over time.- Tilray Brands (TLRY) and stocks of cannabis producers soar as President Donald Trump is expected to direct his administration to move to reclassify marijuana as a less dangerous drug.See omnystudio.com/listener for privacy information.
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