Stock Movers

Today's biggest winners and losers in the stock market.

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, Kristine Aquino, Carol Massar and Tim Stenovec.

- Lumentum Holdings Inc. (LITE) is being started with a buy rating and $1,200 price target at StoneX, which sees strong AI-related demand for the maker of optical equipment. The firm is also starting coverage on Coherent with a buy rating and $425 price target The valuation is being supported by demand related to AI infrastructure, but “qualified shipments, repeatable yields and cash conversion must deliver the earnings growth supporting that valuation”

- Brazilian markets (EWZ) cratered, with the currency and the benchmark stock index quickly racking up losses of more than 10%, as the surprise re-election of leftist President Luiz Inácio Lula da Silva blew up the bullish wagers that investors had made on the country in recent weeks. The real was down almost 8% in afternoon trading, on track for its biggest one-day drop since 1999, and the Ibovespa Index lost roughly 14%, after a circuit breaker halted trading earlier. Investors had concerns that Lula is unlikely to take the steps needed to curb a budget gap exceeding 9% of the economy, and the rout in the country’s assets reflects investor concerns about the stretched fiscal position.

- Instacart (CART) saw a rise of almost 8% and DoorDash (DASH) dropped 6% with the news that DoorDash Inc. is in advanced talks to acquire Instacart parent Maplebear Inc. for roughly $17 billion.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Meta Platforms (META) analysts are positive on the Facebook parent after it said it is looking to raise as much as $95 billion from selling common and preferred stock to fund its AI investments, seeing the news as removing an overhang on the stock.
- Shares of Moderna (MRNA) are set to extend their decline for a third session, after the drugmaker gave results from a trial of its experimental vaccine used in the treatment of pancreatic cancer.
- Tesla (TSLA) shares gain as Barclays upgrades to overweight from equal-weight, citing M&A opportunity with SpaceX.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Anthropic (ANT) filed for an IPO, warning its technology carried existential risks even as it moved a step closer to being the first company focused primarily on developing the most advanced artificial intelligence models to go public.
The company behind Claude expects to begin trading on the Nasdaq Global Select Market under the symbol ANT, a filing Monday with the US Securities and Exchange Commission showed. Anthropic filed confidentially in June for a listing.
- Meta Platforms (META) is seeking to raise as much as $95 billion from selling common and preferred stock, supporting its development in artificial intelligence with one of the largest equity offerings in history.
The company is offering about $35 billion of common and preferred stock, according to a statement Monday. It also plans to raise as much as about $60 billion in an at-the-market share sale program, which allows companies to sell shares in the open market from time to time. The ATM will consist of its planned Class C nonvoting shares.
- Fair Isaac (FICO) shares are down after the financial services company said late Friday it will hold its wholesale mortgage price for the FICO Score through tri-merge resellers at $10 for lenders and brokers enrolled in its Preferred Program.
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Anthropic filed for an IPO, moving a step closer to being the first company focused primarily on developing the most advanced artificial intelligence models to go public.
The company behind Claude expects to begin trading on the Nasdaq Global Select Market under the symbol ANT, a filing Monday with the US Securities and Exchange Commission showed.
For instant reaction, Bloomberg's Paul Sweeney and Jess Menton speak with Bloomberg Executive Editor for Global Tech Peter Elstrom and Bloomberg Intelligence Senior Tech Analyst Mandeep Singh.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Verizon (VZ) shares are moving after it reported its strongest third-quarter performance in wireless customer additions in five years, adding a net 406,000 monthly phone lines.
- PagSeguro (PAGS) is among the many Brazil-linked stocks sliding this morning after President Luiz Inácio Lula da Silva won Brazil’s runoff election with 51.8% of the vote, defeating Flávio Bolsonaro who received 48.2%.
- Surgery Partners (SGRY) is moving on news Bon Secours Mercy Health is in late-stage talks to buy a majority stake in Surgery Partners, the Financial Times reported.
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