Stock Movers

On this episode of Stock Movers:
- Alibaba (BABA) shares are higher this morning after the company rolled out what it calls China’s most powerful AI chip and announced plans to expand data center capacity in the coming years.
- ON Holdings (ONON) is getting a boost as it expects sales growth in the high teens over the next few years as it moves into sports including golf and football.
- Viking Therapeutics (VKTX) shares surged after the biotech released data from its VK2735-102 maintenance study showing VK2735, its experimental obesity drug, maintained up to 97% of weight loss versus 61% for placebo when subjects switched to every-other-week dosing. Leerink analysts said the “stellar” data strengthens the drug’s competitive profile.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Alibaba (BABA) shares are higher this morning after the company rolled out what it calls China’s most powerful AI chip and announced plans to expand data center capacity in the coming years.
- ON Holdings (ONON) is getting a boost as it expects sales growth in the high teens over the next few years as it moves into sports including golf and football.
- Quest Diagnostics (DGX) is sliding after the Centers for Medicare & Medicaid Services (CMS) released new preliminary medicare payment rates for lab services.
- GameStop (GME) is rising after CEO Ryan Cohen reported an insider stock transaction to the US Securities and Exchange Commission.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kingfisher shares rise as much as 11%, the most in a year, after the B&Q and Screwfix owner posted a first-half earnings beat and lifted its full-year profit guidance beyond analyst expectations.
- Roche Holding’s experimental obesity shot enicepatide cut both blood sugar and body weight in type-2 diabetes patients who were overweight or obese in a mid-stage trial.
- Ericsson slips as much as 3.9%, the most since mid July, after Morgan Stanley downgrades the Swedish mobile networks and technology group to underweight from equal-weight, saying margins are “inflecting to the downside.”
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kingfisher boosted its forecast for adjusted pretax profit for the full year; the guidance beat the average analyst estimate.
- Analyst Julian Radlinger cut the recommendation on Buzzi to sell from neutral.
- UBS shares fall as much as 4.1% to the lowest since July 1 after CEO Sergio Ermotti says year-on-year transactions in wealth management and the investment banking fee pool are likely down in 3Q.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- A rally in Asian AI stocks following signs of success for Meta's personal agent cooled in the afternoon
- Tencent launched its latest and best image-generation model on the same day as rival Alibaba Group Holding Ltd. kicked off its AI conference, signaling intent to catch up to industry leaders like ByteDance Ltd.
- Citi expects continued volatility in September for Chinese property stocks as the market has partially priced in risks from the completed-home sales policy, including a smaller new home market & earnings/ROE pressure from a longer cash cycle.
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