Nvidia H200 Chips; GE Vernova Rises After Boosting Buyback; Palantir Deal with US Navy
On this episode of Stock Movers:- ByteDance and Alibaba have inquired about placing large orders for Nvidia’s (NVDA) H200 chip since President Donald Trump said he would allow its export to China, Reuters reports, citing people familiar with the matter.- GE Vernova (GEV) shares rally as much as 6.8% in premarket trading on Wednesday after the electric power company boosted its buyback to $10 billion, doubled its dividend to 50c, affirmed some aspects of its 2025 guidance and presented its 2026 financial guidance. - The US Navy is turning to Palantir Technologies (PLTR) as part of its years-long effort to speed up submarine production, in a bet that the company’s analytics capabilities can better expose supply-chain problems.See omnystudio.com/listener for privacy information.
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Aegon Drops, Siemens Energy Up, Ferrari Dips
On this episode of Stock Movers:- Aegon the Netherlands-based insurer which generates the majority of its profit from the US, confirmed that it will move its headquarters there and rename itself Transamerica Inc.- Siemens Energy may be active after GE Vernova doubled its dividend, increased its scope for share buybacks and increased earnings projections at its investor day in New York. Analysts at Morgan Stanley see a positive read-across from the US maker of electric generation equipment’s updated 2028 targets.- Oddo BHF analyst Anthony Dick cut the recommendation on Ferrari NV to neutral from outperform.See omnystudio.com/listener for privacy information.
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Aegon Down, Cicor Falls, Berkeley Rises
On this episode of Stock Movers:- Aegon the Netherlands-based insurer which generates the majority of its profit from the US, confirmed that it will move its headquarters there and rename itself Transamerica Inc.- Cicor Technologies fell the most in more than five years after it cut its guidance, citing lower-than-expected demand in Germany and adverse currency effects.- Berkeley Group shares rise as much as 2.1% as the housebuilder delivers first-half profits that beat analysts’ forecasts and leaves full-year guidance unchanged.See omnystudio.com/listener for privacy information.
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GE Vernova Rises, AeroVironment Slips, JPMorgan Drops
On this episode of Stock Movers: GE Vernova (GEV) shares rose in afterhours trading after the US manufacturer of power generation equipment, doubled its dividend and increased its scope for share buybacks while increasing earnings projections amid soaring demand for electricity. At its investor day in New York Tuesday, the company estimated future earnings beyond 2028 to $52 billion from $45 billion and raised its adjusted earnings before interest, taxes, depreciation and amortization margin for the same period to 20% from 14%. AeroVironment (AVAV) shares slipped postmarket after the maker of drones cut its fiscal year adjusted earnings per share outlook. JPMorgan (JPM) shares dropped 4.7% to $300.51 in New York Tuesday, their biggest decline in eight months. The bank's executive Marianne Lake said the bank anticipates spending $105 billion next year, an outlook that surpasses analyst estimates and sent shares falling Tuesday. See omnystudio.com/listener for privacy information.
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Closing Bell: CVS Rises, Mama's Creations Surges, JPMorgan Warns of High Costs
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: - CVS (CVS) shares rose 2.23% today after the company raised its full-year profit forecast and said earnings would rise in 2026. It's a sign of hope as it navigates a turbulent retail environment and government scrutiny across the health care industry. - Mama's Creations (MAMA) closed 28% higher today after the maker of fresh deli prepared foods said fiscal third-quarter revenue grew 50% from the year-ago period, fueled by the acquisition of Crown I Enterprises. The New Jersey-based company posted revenue of $47.3 million, up from $31.5 million in the year-earlier period - JPMorgan Chase (JPM) fell 4.66%, the stock's biggest one-day drop since April. JPMorgan Chase’s Marianne Lake said the bank anticipates spending $105 billion next year, an outlook that surpasses analyst estimates.See omnystudio.com/listener for privacy information.
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