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.

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.&nbsp;The firm is also starting coverage on Coherent with a buy rating and $425 price target&nbsp;The valuation is being supported by demand related to AI infrastructure, but &ldquo;qualified shipments, repeatable yields and cash conversion must deliver the earnings growth supporting that valuation&rdquo; - 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 In&aacute;cio 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.&nbsp;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&rsquo;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.

Listen for Short conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for Short conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Listen for short conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for short conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Closing Bell: AI & Tech See Gains, Brazil Stocks Tank With Election Results

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