On this episode of Stock Movers:
- Wells Fargo (WFC) missed analysts’ profit estimates as severance costs drove up expenses and net interest income fell short. The bank spent $612 million on severance as part of a plan designed to cut costs. Expenses climbed to $13.7 billion, compared with the $13.6 billion predicted by analysts in a Bloomberg survey, according to a statement Wednesday.
- Bank of America (BAC) reported net interest income for the fourth quarter that beat the average analyst estimate.
- Netflix (NFLX) is working on revised terms for its Warner Bros. Discovery Inc. acquisition and has discussed making an all-cash offer for the company’s studios and streaming businesses, people familiar with the discussions said.The changes are designed to expedite a sale that will take months to close and has faced opposition both from politicians and rival bidder Paramount Skydance Corp. Institutional investors have been divided in their support.

On this episode of Stock Movers: - Wells Fargo (WFC) missed analysts&rsquo; profit estimates as severance costs drove up expenses and net interest income fell short. The bank spent $612 million on severance as part of a plan designed to cut costs. Expenses climbed to $13.7 billion, compared with the $13.6 billion predicted by analysts in a Bloomberg survey, according to a statement Wednesday. - Bank of America (BAC) reported net interest income for the fourth quarter that beat the average analyst estimate. - Netflix (NFLX) is working on revised terms for its Warner Bros. Discovery Inc. acquisition and has discussed making an all-cash offer for the company&rsquo;s studios and streaming businesses, people familiar with the discussions said.The changes are designed to expedite a sale that will take months to close and has faced opposition both from politicians and rival bidder Paramount Skydance Corp. Institutional investors have been divided in their support.

Listen for five-minute 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 five-minute 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

Wells Fargo Profit Misses Estimates; Bank Of America Beats; Netflix Revises Terms for Warner Brothers

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2c9ed2c8-26c1-4d80-9da6-b3d200c75881/transcript

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

On this episode of Stock Movers:
JB Hunt (JBHT) shares dropped after the trucking company flagged rising costs and issued a rare earnings warning at a Morgan Stanley conference. JB Hunt expects 2Q to 3Q earnings to drop 5 to 10%, the company said, acknowledging that they do not usually talk about intra-quarter trends.
Shares of cryptocurrency companies like Coinbase (COIN), Circle (CRCL) and Gemini (GEMI) plunged after Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote on Tuesday. The long-stalled legislation sought by crypto firms would hand the Commodity Futures Trading Commission the primary authority to regulate the digital assets industry. It needed 60 votes to advance and failed on a vote of 49-50, with Democrats citing continued concerns over ethics provisions meant to address President Donald Trump’s crypto business interests. Shares of exchange Coinbase Global Inc. extended a decline to as much as 12%, while stablecoin issuer Circle Internet Group Inc. fell 13%. Bitcoin, the largest cryptocurrency, dropped as much as 5.3% to below $75,000 after the bill failed to get the requisite votes.
SpaceX (SPCX) shares are rallying after Ark Investment CIO Cathie Wood touted it as a stock that could be a "deep value opportunity", if it accomplishes its lofty goals including the Artemis moon mission and eventually sending people to Mars.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
<ul>
<li>JB Hunt (JBHT) shares dropped after the trucking company flagged rising costs and issued a rare earnings warning at a Morgan Stanley conference. JB Hunt expects 2Q to 3Q earnings to drop 5 to 10%, the company said, acknowledging that they do not usually talk about intra-quarter trends.</li>
<li>Shares of cryptocurrency companies like Coinbase (COIN), Circle (CRCL) and Gemini (GEMI) plunged after Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote on Tuesday. The long-stalled legislation sought by crypto firms would hand the Commodity Futures Trading Commission the primary authority to regulate the digital assets industry. It needed 60 votes to advance and failed on a vote of 49-50, with Democrats citing continued concerns over ethics provisions meant to address President Donald Trump&rsquo;s crypto business interests. Shares of exchange Coinbase Global Inc. extended a decline to as much as 12%, while stablecoin issuer Circle Internet Group Inc. fell 13%. Bitcoin, the largest cryptocurrency, dropped as much as 5.3% to below $75,000 after the bill failed to get the requisite votes.</li>
<li>SpaceX (SPCX) shares are rallying after Ark Investment CIO Cathie Wood touted it as a stock that could be a "deep value opportunity", if it accomplishes its lofty goals including the Artemis moon mission and eventually sending people to Mars.</li>
</ul>

JB Hunt Drops, Crypto Stocks Plunge, SpaceX Rallies 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/54201681-defc-425b-b841-b4c701478ead/transcript

On this episode of Stock Movers:

- Intel (INTC) shares gain. Reuters reported that SK Hynix is in talks with the chipmaker about a deal that ​would see it manufacture memory chips in the US for the first time.

- JB Hunt (JBHT) led trucking stocks lower after the company warned that higher costs for fuel and recruiting truckers will hurt its earnings. Earnings will be down 5% to 10% in the third quarter compared to the second quarter, with fuel costs at least $10 million higher. JB Hunt is seeing "incredibly strong demand" across its businesses, but is contending with high costs to contract other carriers to haul freight and recruit and train drivers.

- Expedia (EXPE) shares drop. Morgan Stanley downgraded the stock to Underweight from Equal Weight.

On this episode of Stock Movers:
- Intel (INTC) shares gain. Reuters reported that SK Hynix is in talks with the chipmaker about a deal that ​would see it manufacture memory chips in the US for the first time.
- JB Hunt (JBHT) led trucking stocks lower after the company warned that higher costs for fuel and recruiting truckers will hurt its earnings. Earnings will be down 5% to 10% in the third quarter compared to the second quarter, with fuel costs at least $10 million higher. JB Hunt is seeing "incredibly strong demand" across its businesses, but is contending with high costs to contract other carriers to haul freight and recruit and train drivers.
- Expedia (EXPE) shares drop. Morgan Stanley downgraded the stock to Underweight from Equal Weight.

Intel Rises, JB Hunt Falls, and Expedia Drops on Morgan Stanley Downgrade

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/175d21f8-7ad3-4a4c-88fd-b4c700fa87a1/transcript

On this episode of Stock Movers:

-JB Hunt (JBHT) led trucking stocks lower after the company warned that higher costs for fuel and recruiting truckers will hurt its earnings. Earnings will be down 5% to 10% in the third quarter compared to the second quarter, with fuel costs at least $10 million higher. JB Hunt is seeing "incredibly strong demand" across its businesses, but is contending with high costs to contract other carriers to haul freight and recruit and train drivers.

-Intel (INTC) shares gain. Reuters reported that SK Hynix is in talks with the chipmaker about a deal that ​would see it manufacture memory chips in the US for the first time.

-Bloom Energy (BE) shares rise. The advance follows a rebound Tuesday, when buyers stepped in to buy the dip following a sell-off on Monday.

On this episode of Stock Movers:
-JB Hunt (JBHT) led trucking stocks lower after the company warned that higher costs for fuel and recruiting truckers will hurt its earnings. Earnings will be down 5% to 10% in the third quarter compared to the second quarter, with fuel costs at least $10 million higher. JB Hunt is seeing "incredibly strong demand" across its businesses, but is contending with high costs to contract other carriers to haul freight and recruit and train drivers.
-Intel (INTC) shares gain. Reuters reported that SK Hynix is in talks with the chipmaker about a deal that ​would see it manufacture memory chips in the US for the first time.
-Bloom Energy (BE) shares rise. The advance follows a rebound Tuesday, when buyers stepped in to buy the dip following a sell-off on Monday.

JB Hunt Drops, Intel Gains, Bloom Energy Rises After Investors Buy the Dip

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e8a7ddc4-df8a-49c9-836a-b4c700efbf7e/transcript

Wells Fargo Profit Misses Estimates; Bank Of America Beats; Netflix Revises Terms for Warner Brothers

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