On this episode of Stock Movers:
- US defense stocks advance in premarket trading on Thursday after President Donald Trump said he wants to increase the country’s military budget by about 50% to $1.5 trillion in 2027. 
- China plans to approve some imports of Nvidia's (NVDA) H200 chips as soon as this quarter, according to people familiar with the situation, giving the company renewed access to a critical market. Chinese officials are preparing to allow local companies to buy the component from Nvidia for select commercial use, said the people, who asked not to be identified because the deliberations are private.
- Constellation Brands shares are up after the maker of Modelo Especial and Corona reported comparable EPS and net sales for the third quarter that beat consensus and reaffirmed its full-year forecast.

On this episode of Stock Movers: - US defense stocks advance in premarket trading on Thursday after President Donald Trump said he wants to increase the country&rsquo;s military budget by about 50% to $1.5 trillion in 2027. - China plans to approve some imports of Nvidia's (NVDA) H200 chips as soon as this quarter, according to people familiar with the situation, giving the company renewed access to a critical market. Chinese officials are preparing to allow local companies to buy the component from Nvidia for select commercial use, said the people, who asked not to be identified because the deliberations are private. - Constellation Brands shares are up after the maker of Modelo Especial and Corona reported comparable EPS and net sales for the third quarter that beat consensus and reaffirmed its full-year forecast.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

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

Stock Movers

Defense Stocks Advance ; Nvidia Chips to China; Constellation Brands Gains on 3Q Beat

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0d6eee90-fc2b-4237-a294-b3cc00c691d3/transcript

On this episode of Stock Movers:
- Rio Tinto is in talks to buy Glencore to create the world’s biggest mining company with a combined market value of more than $200 billion, a little over a year after earlier talks between the two collapsed.
- ASML shares are rising after Taiwan Semiconductor Manufacturing Co.’s revenue topped estimates, reinforcing hopes of sustained global AI spending in 2026 despite concerns about an industry bubble.
- J Sainsbury reported solid food sales over the holiday season but faced weak demand for clothing and electricals over a challenging Christmas for British retailers.

On this episode of Stock Movers: - Rio Tinto is in talks to buy Glencore to create the world&rsquo;s biggest mining company with a combined market value of more than $200 billion, a little over a year after earlier talks between the two collapsed. - ASML shares are rising after Taiwan Semiconductor Manufacturing Co.&rsquo;s revenue topped estimates, reinforcing hopes of sustained global AI spending in 2026 despite concerns about an industry bubble. - J Sainsbury reported solid food sales over the holiday season but faced weak demand for clothing and electricals over a challenging Christmas for British retailers.

Glencore Talks, ASML Gains, Sainsburys Suffers

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4bbbc704-a757-4985-b72d-b3cd0097eb85/transcript

On this episode of Stock Movers:

- It's been a pretty tumultuous week for Lockheed (LMT), but its shares are up today after Trump said on Truth Social that he wants to raise the US defense budget to $1.5 trillion, which is almost one and half times this year's budget. Other defense companies are also seeing a similar trajectory -- just yesterday, their stocks tumbled when Trump said he wanted to stop their dividends and buybacks.

- Constellation Brands (STZ) the company that makes your Modelo and Corona. Its shares rose to a more-than-five year high today, although later on, some investors turned cautious. Overall, investors were happy that its results beat estimates and it maintained its forecast. Things haven't been easy for alcohol makers. People, especially younger folks, are avoiding beers and wine, so the results were a relief. But then the company noted that tariffs are still affecting costs, and Hispanic customers, which they rely a lot on, are spending less on their drinks because they're worried about the economy and immigration issues.

- Shares of Gap (GAP) climbed today too, after UBS upgraded their rating of Gap to "buy" and raised their price target. UBS thinks that Gap's sales and profits will benefit from their growing beauty and handbag business, as well as their athleisure brand Athleta. UBS also think Gap and Old Navy had a strong holiday season, and the company will end up increasing their stock buybacks.

On this episode of Stock Movers: - It's been a pretty tumultuous week for Lockheed (LMT), but its shares are up today after Trump said on Truth Social that he wants to raise the US defense budget to $1.5 trillion, which is almost one and half times this year's budget. Other defense companies are also seeing a similar trajectory -- just yesterday, their stocks tumbled when Trump said he wanted to stop their dividends and buybacks.
- Constellation Brands (STZ) the company that makes your Modelo and Corona. Its shares rose to a more-than-five year high today, although later on, some investors turned cautious. Overall, investors were happy that its results beat estimates and it maintained its forecast. Things haven't been easy for alcohol makers. People, especially younger folks, are avoiding beers and wine, so the results were a relief. But then the company noted that tariffs are still affecting costs, and Hispanic customers, which they rely a lot on, are spending less on their drinks because they're worried about the economy and immigration issues.
- Shares of Gap (GAP) climbed today too, after UBS upgraded their rating of Gap to "buy" and raised their price target. UBS thinks that Gap's sales and profits will benefit from their growing beauty and handbag business, as well as their athleisure brand Athleta. UBS also think Gap and Old Navy had a strong holiday season, and the company will end up increasing their stock buybacks.

Lockheed Gains, Constellation Brands Jump, Gap Climbs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2fd7c963-9aad-407f-990d-b3cc016c299d/transcript

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, Katie Greifeld, Carol Massar and Tim Stenovec.

- Shares of defense companies like Lockheed Martin (LMT), General Dynamics (GD) and Northrop (NOC) all rose in trading today on news from the White House that President Donald Trump said he wants to increase the country’s military budget by about 50% to $1.5 trillion in 2027. A Goldman Sachs basket of European defense stocks rose as much as 3.8% on Thursday, extending its gain for the week to about 13%. In the US, Northrop Grumman Corp. and Lockheed Martin Corp. surged more than 6% in premarket trading, rebounding from a drop the previous day when Trump called for curbs on executive pay and shareholder returns in the sector. Defense stocks also rose in Asia.

- Alphabet (GOOG) has overtaken Apple to become the second-most valuable company by market capitalization, a reflection of how the Google parent has emerged as one of the most significant winners of artificial intelligence. Shares of Alphabet rose 2.4% on Wednesday, closing with a valuation of $3.89 trillion. That allowed it to surpass Apple, which closed with a market cap of $3.85 trillion on Wednesday, following a six-day slump that erased nearly 5% — and almost $200 billion — off its value. The divergence widened further Thursday, with Apple opening 1.2% lower and Alphabet gaining 1.1%.

- Rio Tinto (RIO) saw its shares fall on word that Glencore said it’s in talks with the firm on a deal that would create the world’s biggest mining company, a little over a year after earlier talks between the two companies collapsed. Glencore said Thursday that it was in preliminary talks with Rio, with options including an all-share transaction that would see Rio buy Glencore. Glencore said there’s no certainty of a deal, adding that a further announcement will be made as appropriate. Rio Tinto declined to comment.

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, Katie Greifeld, Carol Massar and Tim Stenovec. - Shares of defense companies like Lockheed Martin (LMT), General Dynamics (GD) and Northrop (NOC) all rose in trading today on news from the White House that President Donald Trump said he wants to increase the country&rsquo;s military budget by about 50% to $1.5 trillion in 2027. A Goldman Sachs basket of European defense stocks rose as much as 3.8% on Thursday, extending its gain for the week to about 13%. In the US, Northrop Grumman Corp. and Lockheed Martin Corp. surged more than 6% in premarket trading, rebounding from a drop the previous day when Trump called for curbs on executive pay and shareholder returns in the sector. Defense stocks also rose in Asia. - Alphabet (GOOG) has overtaken Apple to become the second-most valuable company by market capitalization, a reflection of how the Google parent has emerged as one of the most significant winners of artificial intelligence. Shares of Alphabet rose 2.4% on Wednesday, closing with a valuation of $3.89 trillion. That allowed it to surpass Apple, which closed with a market cap of $3.85 trillion on Wednesday, following a six-day slump that erased nearly 5% &mdash; and almost $200 billion &mdash; off its value. The divergence widened further Thursday, with Apple opening 1.2% lower and Alphabet gaining 1.1%. - Rio Tinto (RIO) saw its shares fall on word that Glencore said it&rsquo;s in talks with the firm on a deal that would create the world&rsquo;s biggest mining company, a little over a year after earlier talks between the two companies collapsed. Glencore said Thursday that it was in preliminary talks with Rio, with options including an all-share transaction that would see Rio buy Glencore. Glencore said there&rsquo;s no certainty of a deal, adding that a further announcement will be made as appropriate. Rio Tinto declined to comment.

Closing Bell: Defense Shares Rally, Alphabet Rises, Rio Tinto Slides 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/10d4b9bf-0d69-4e57-b39c-b3cc015ee1d3/transcript

Defense Stocks Advance ; Nvidia Chips to China; Constellation Brands Gains on 3Q Beat

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