On this episode of Stock Movers:
- LVMH shares continue to surge after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing.
- PageGroup - the FTSE-250 listed recruitment company - posted a milder drop in gross profit in the third quarter compared to what was seen in the first half.
- RENK Group slid after Citi analyst Charles Armitage cut the recommendation on the company to sell from neutral.

On this episode of Stock Movers: - LVMH shares continue to surge after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing. - PageGroup - the FTSE-250 listed recruitment company - posted a milder drop in gross profit in the third quarter compared to what was seen in the first half. - RENK Group slid after Citi analyst Charles Armitage cut the recommendation on the company to sell from neutral.

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

LVMH Soars, PageGroup Rises, RENK Group Slides

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/abdbd5a5-e462-43c6-9703-b37700980dab/transcript

On this episode of Stock Movers, we look at some the week's biggest gainers and decliners:


- Warner Bros. Discovery (WBD) saw a modest weekly gain as Paramount continues to try to counter Netflix's bid to buy it. Larry Ellison is throwing his personal fortune behind Paramount Skydance’s bid for Warner Bros. Discovery Inc., aiming to give his son’s company an advantage in a fiercely contested takeover battle with Netflix. Both suitors moved on Monday to strengthen the financial backing for their offers, though they stopped short of increasing their bids. Netflix refinanced a portion of its planned $59 billion of debt as a way to ensure a lasting investment-grade rating — a key advantage it holds over the lower-rated Paramount.

- Sable (SOC) saw its shares skyrocket on word that a federal regulator approved the restart of Sable Offshore Corp.’s contested California oil pipeline that leaked 3,000 barrels of crude along the Santa Barbara coastline a decade ago. Sable’s shares rose about 30% Tuesday after it said its plan was signed off on by the Department of Transportation’s Pipeline and Hazardous Materials and Safety Administration. The move follows last week’s determination by the regulator that portions of the key oil conduit, the Las Flores Pipeline System, is under the domain of the federal government and not California. State environmental groups are poised to push back.


- Nvidia (NVDA) agreed to a licensing deal with artificial intelligence startup Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and will integrate its chip design into future products. Some of the startup’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq will continue as an independent company with a new chief executive, it said Wednesday in a post on its website. Shares of Nvidia rallied on the news.

On this episode of Stock Movers, we look at some the week's biggest gainers and decliners:
 - Warner Bros. Discovery (WBD) saw a modest weekly gain as Paramount continues to try to counter Netflix's bid to buy it. Larry Ellison is throwing his personal fortune behind Paramount Skydance&rsquo;s bid for Warner Bros. Discovery Inc., aiming to give his son&rsquo;s company an advantage in a fiercely contested takeover battle with Netflix. Both suitors moved on Monday to strengthen the financial backing for their offers, though they stopped short of increasing their bids. Netflix refinanced a portion of its planned $59 billion of debt as a way to ensure a lasting investment-grade rating &mdash; a key advantage it holds over the lower-rated Paramount.
- Sable (SOC) saw its shares skyrocket on word that a federal regulator approved the restart of Sable Offshore Corp.&rsquo;s contested California oil pipeline that leaked 3,000 barrels of crude along the Santa Barbara coastline a decade ago. Sable&rsquo;s shares rose about 30% Tuesday after it said its plan was signed off on by the Department of Transportation&rsquo;s Pipeline and Hazardous Materials and Safety Administration. The move follows last week&rsquo;s determination by the regulator that portions of the key oil conduit, the Las Flores Pipeline System, is under the domain of the federal government and not California. State environmental groups are poised to push back.
 - Nvidia (NVDA) agreed to a licensing deal with artificial intelligence startup Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world&rsquo;s largest publicly traded company has paid for the right to use Groq&rsquo;s technology and will integrate its chip design into future products. Some of the startup&rsquo;s executives are leaving to join Nvidia to help with that effort, the companies said. Groq will continue as an independent company with a new chief executive, it said Wednesday in a post on its website. Shares of Nvidia rallied on the news.

Weekly Roundup: Warner Bros. Discovery Gains, Sable Soars, Nvidia Rallies 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d3500f60-4a36-416e-9ae6-b3bf017fddb8/transcript

On this episode of Stock Movers:

- Warner Bros. Discovery (WBD) shares slid after a report from the New York Post that Paramount Skydance could walk away from its $30-per-share cash bid and instead litigate against the company’s board for how it handled the process. 

- Sable Offshore (SOC) shares fell as much as 17% after the Environmental Defense Center and Center for Biological Diversity filed an emergency motion to halt the restart of a contested California oil pipeline. 

- Target (TGT) shares rose on Friday after the Financial Times reported that an activist investor built up a stake in the big-box retailer, citing people it didn’t identify. Toms Capital Investment Management has made a significant investment in Target, the FT said, without disclosing further details. Target shares jumped as much as 6.7% on Friday. The stock is headed for an annual decline of about 25% following a difficult year in which the company lost market share and sales slumped.

On this episode of Stock Movers: - Warner Bros. Discovery (WBD) shares slid after a report from the New York Post that Paramount Skydance could walk away from its $30-per-share cash bid and instead litigate against the company&rsquo;s board for how it handled the process. - Sable Offshore (SOC) shares fell as much as 17% after the Environmental Defense Center and Center for Biological Diversity filed an emergency motion to halt the restart of a contested California oil pipeline. - Target (TGT) shares rose on Friday after the Financial Times reported that an activist investor built up a stake in the big-box retailer, citing people it didn&rsquo;t identify. Toms Capital Investment Management has made a significant investment in Target, the FT said, without disclosing further details. Target shares jumped as much as 6.7% on Friday. The stock is headed for an annual decline of about 25% following a difficult year in which the company lost market share and sales slumped.

Warner Bros. Discovery Slips, Sable Offshore Falls, Target Jumps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e1b447b9-2896-428c-874f-b3bf015494ce/transcript

On this episode of Stock Movers:

- Nvidia (NVDA) agreed to a licensing deal with artificial intelligence startup Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and will integrate its chip design into future products. The deal was reported on after the end of the trading day on Christmas Eve. Shares of Nvidia rallied when trading resumed on Friday.

- Shares of mining companies like Coeur (CDE) and Freeport (FCX) are higher in trading Friday as gold, silver and platinum jumped to all-time highs and copper surged to a record in Shanghai and rallied in New York. Spot gold rose as much as 1.2% to a peak above $4,530 an ounce on Friday. Spot silver for immediate delivery advanced for a fifth session, climbing as much as 5% to cross $75 an ounce.

- Tesla (TSLA)'s ’s door handles are facing renewed scrutiny in the US after federal auto safety regulators opened a probe into the emergency releases in certain Model 3 vehicles. The National Highway Traffic Safety Administration said it’s evaluating claims that the mechanical door release “is hidden, unlabeled, and not intuitive to locate during an emergency,” according to a filing on the agency’s website. The move stems from a petition filed by Kevin Clouse, a Tesla owner in Georgia who says he was trapped in his vehicle in 2023 and requested a defect investigation. NHTSA said it hasn’t decided whether to grant or deny the petition. Shares of the Elon Musk-run EV maker fell in trading on Friday.

On this episode of Stock Movers: - Nvidia (NVDA) agreed to a licensing deal with artificial intelligence startup Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world&rsquo;s largest publicly traded company has paid for the right to use Groq&rsquo;s technology and will integrate its chip design into future products. The deal was reported on after the end of the trading day on Christmas Eve. Shares of Nvidia rallied when trading resumed on Friday. - Shares of mining companies like Coeur (CDE) and Freeport (FCX) are higher in trading Friday as gold, silver and platinum jumped to all-time highs and copper surged to a record in Shanghai and rallied in New York. Spot gold rose as much as 1.2% to a peak above $4,530 an ounce on Friday. Spot silver for immediate delivery advanced for a fifth session, climbing as much as 5% to cross $75 an ounce. - Tesla (TSLA)'s &rsquo;s door handles are facing renewed scrutiny in the US after federal auto safety regulators opened a probe into the emergency releases in certain Model 3 vehicles. The National Highway Traffic Safety Administration said it&rsquo;s evaluating claims that the mechanical door release &ldquo;is hidden, unlabeled, and not intuitive to locate during an emergency,&rdquo; according to a filing on the agency&rsquo;s website. The move stems from a petition filed by Kevin Clouse, a Tesla owner in Georgia who says he was trapped in his vehicle in 2023 and requested a defect investigation. NHTSA said it hasn&rsquo;t decided whether to grant or deny the petition. Shares of the Elon Musk-run EV maker fell in trading on Friday.

Nvidia Rallies on Deal For AI Startup, Mining Stocks Soar, Tesla Slides 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/42b03737-4b27-4011-855c-b3bf01209943/transcript

LVMH Soars, PageGroup Rises, RENK Group Slides

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