On this episode of Stock Movers:- Apple (AAPL) projected a jump in sales over the holiday season after releasing new iPhones, with sales in the fiscal first quarter expected to rise by 10% to 12%. Revenue from greater China fell 3.6% to $14.5 billion last quarter, but Chief Executive Officer Tim Cook said he believes Apple will return to growth in the region during the current quarter.- Amazon (AMZN) shares jumped 12% to $249.42 as the markets opened in New York on Friday, after the company posted robust cloud growth that reassured investors about its artificial intelligence investments. The company estimates that its shopping chatbot Rufus will help deliver an additional $10 billion in annual sales, and its call center product Connect is on track to pull in $1 billion in annualized revenue.-Netflix (NFLX) shares rise as much as 3.7% in premarket trading on Friday after the streaming giant’s board approved a ten-for-one forward stock split to reset its share price to a range that will be more accessible to employees in its option program.See omnystudio.com/listener for privacy information.
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3:14
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3:14
Coinbase Jumps, Reddit Soars, Roku Falls
On this episode of Stock Movers:- Coinbase (COIN) advances 4% after the largest US crypto exchanged reported third-quarter revenue that exceeded estimates following an uptick in trading as token prices climbed to record highs.- Reddit (RDDT) gains 10% after the social-media company reported third-quarter results that beat expectations and gave an outlook that is above the analyst consensus-Roku (ROKU) shares are down 4% after the streaming-video platform company reported its third-quarter results and gave an outlook. While analysts are broadly positive, they said the results aren’t enough to meet high expectationsSee omnystudio.com/listener for privacy information.
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3:38
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3:38
Big Tech Earnings Gains; Nvidia Rally Continues
On this episode of Stock Movers:- Amazon (AMZN) is higher after it reported third-quarter revenue of $33 billion, a 20% increase from the prior year and the biggest year-over-year rise since the end of 2022. The company's shares surged after the earnings report, with Chief Executive Officer Andy Jassy saying "We have momentum" and analyst Melissa Otto stating that the AWS business is "firing on all cylinders".- Apple (AAPL) is up this morning after the company gave an outlook that is seen as strong, offsetting fourth-quarter results that featured weak China revenue and a mixed read on the iPhone.- Nvidia (NVDA) share are higher as Chief Executive Officer Jensen Huang hopes to sell chips from the company's Blackwell lineup to customers in China someday. Huang said no decisions have been made and the company hasn't applied for Washington's permission to sell Blackwell chips to China, which is required under export controls.See omnystudio.com/listener for privacy information.
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4:42
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4:42
Amazon and Apple Push Higher; Meta Rebounds on Bond Sale; Exxon Mobil Lower
On this episode of Stock Movers: - Amazon (AMZN) is higher after it reported third-quarter revenue of $33 billion, a 20% increase from the prior year and the biggest year-over-year rise since the end of 2022. The company's shares surged after the earnings report, with Chief Executive Officer Andy Jassy saying "We have momentum" and analyst Melissa Otto stating that the AWS business is "firing on all cylinders". - Apple (AAPL) is up this morning after the company gave an outlook that is seen as strong, offsetting fourth-quarter results that featured weak China revenue and a mixed read on the iPhone. - Meta (META) is rebounding this morning after it sold $30 billion of investment-grade bonds on Thursday, the biggest high-grade corporate bond offering of the year, after receiving record orders for the debt. The bond sale comes after Chief Executive Officer Mark Zuckerberg warned that the company would spend even more aggressively on artificial intelligence in the coming year. - Exxon Mobil (XOM) is lower even though it topped estimates as its Yellowtail project in Guyana brought the country’s production to 700,000 barrels a day in 3Q - a record.See omnystudio.com/listener for privacy information.
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3:46
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3:46
Universal Music Up, Erste Rises, Puig Surges
On this episode of Stock Movers: - Universal Music said subscription revenue grew 8.7% in 3Q, buoyed by artists like Taylor Swift and the soundtrack album for the hit film KPop Demon Hunters. - Erste Group Bank raised its net interest income growth guidance. The bank sees its deal to buy Santander’s Polish unit on track to close around the year-end. - Puig’s share price rose, with trading volume almost 10 times the 20-day average after the Spanish group reported better-than-expected 3Q sales and upgraded its guidance for the last three months of the year. See omnystudio.com/listener for privacy information.
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