ABOUT THIS EPISODE
On this episode of Stock Movers:
- Nvidia (NVDA) shares drop after SoftBank sold its entire stake in Nvidia for $5.83 billion to help bankroll AI investments. Softbank has sold out of Nvidia once before in 2019, then resumed buying small stakes in Nvidia in 2020.
- Paramount Skydance (PSKY) shares rise after the company reported financial results for the first time since a new investor group took over the media company in August. The company raised its cost savings goal to at least $3 billion and said it's planning an additional 1,600-person workforce reduction.
- Estee Lauder (EL) shares gain after Argus raised their recommendation for the company to buy from hold. Strategists said: “New management has increased innovation significantly,” and product is entering “such new channels as Amazon Premium Beauty, Sephora, and Ulta.”
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IN THIS EPISODE
TRANSCRIPT 🔗
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
00:00:08
Speaker 2: The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
00:00:16
Speaker 1: Take a look at some of the stocks on the move Today'm all swinging alongside Scarlett Flulh and we're joined by Bloombergh. Christine, you know, Christine, what are you looking at? Well, Paul, let's start with the red today, shall we. That is in video. Of course, it's…
