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Nvidia Drops, Paramount Skydance Rises, Estee Lauder Gains After Ratings Upgrade

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Manage episode 518910954 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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.”

See omnystudio.com/listener for privacy information.

  continue reading

1198 episodes

Artwork
iconShare
 
Manage episode 518910954 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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.”

See omnystudio.com/listener for privacy information.

  continue reading

1198 episodes

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