Why Blink Charging (BLNK) Shares Are Getting Obliterated Today

Friday’s market has seen swings in various stocks based on news and other factors. Today, stocks like Salesforce (CRM) and Micron Tech (MU) are rallying, while stocks like Netflix (NFLX) are falling. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers (Market Cap:$200 billion USD or higher)

• Salesforce (CRM) +5.46%
• Micron Tech (MU) +5.25%
• General Electric (GE) -2.84%
• Netflix (NFLX); Paramount mulls taking offer straight to WBD shareholders - CNBC -3.5%
• Avago Technologies (AVGO) +2.02%

Large-Cap Stock Movers (Market Cap:$10-$200 billion USD)

• Rubrik (RBRK) +24.95%
• Samsara (IOT); Samsara beats Q3 expectations with 29% revenue growth, shares slip +13.29%
• Ulta Salon Cosmetics & Fragrance (ULTA) +12.56%
• Dollar Tree Inc (DLTR) +8.05%
• Cooper Companies Inc (COO); CooperCompanies names Colleen Jay as new board chair effective January +7.1%
• Dollar General Corp (DG) +7.0%
• Roku (ROKU); Roku CFO to present at Nasdaq investor conference in London +6.91%
• Xp Inc (XP) -8.92%
• DocuSign Inc (DOCU) -7.1%
• Social Capital Hedosophia V (SOFI); SoFi announces $1.5 billion common stock offering -6.74%

Mid-Cap Stock Movers (Market Cap:$2-$10 billion USD)

• Praxis Precision Medicines Inc (PRAX); Praxis’s epilepsy drug trial stopped early after positive results +30.55%
• ServiceTitan (TTAN); ServiceTitan selected as core platform for expanding roofing companies +14.41%
• Victoria’s Secret Co (VSCO) +13.11%
• Terns Pharmaceuticals (TERN) +9.47%
• Parsons Corp (PSN); Parsons stock downgraded by Raymond James after losing FAA contract -22.46%
• Argan (AGX); Argan shares plunge over 10% on top-line miss in Q3 -14.42%
• Adaptive Biotechnologies Corp (ADPT) -13.97%
• SentinelOne (S); SentinelOne shares slide 6% on weak Q4 revenue guidance -13.29%
• Cinemark Hldg (CNK) -8.8%
• MTech Acquisition A (ABTC) -9.28%

Small-Cap Stock Movers (Market Cap:$300 million - $2 billion USD)

• Northstar At Mgt (DBRG); DigitalBridge Group (DBRG) resumes trading, up 32% on Softbank rumor +43.16%
• Alumis (ALMS) +31.01%
• Agencia Comercial Spirits Ltd (AGCC) +22.24%
• Smith & Wesson (SWBI) +22.05%
• Helix Acquisition II (BBOT); Morgan Stanley initiates coverage on BridgeBio Oncology stock with Overweight rating +21.26%
• New Fortress Energy LLC (NFE); New Fortress Energy secures 7-year gas supply deal for Puerto Rico +15.71%
• Immatics NV (IMTX) -12.13%
• Compass Diversified Holdings (CODI) -22.49%
• Domo Inc (DOMO); Domo shares tumble 17% as Q3 results fail to impress -23.69%
• Ambitions Enterprise Management Co (AHMA) -37.61%

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Investing.com-- The S&P 500 rose after a relatively benign inflation report kept open the likelihood that the Federal Reserve will cut interest rates next week.

At 1:10 p.m. ET (18:10 GMT), the Dow Jones Industrial Average gained 190 points, or 0.4%, the S&P 500 index gained 0.3%, and the NASDAQ Composite rose 0.3%.

PCE inflation gauge in spotlight

The Fed’s preferred inflation measure, the Personal Consumption Expenditures Price Index (PCE), indicated that inflation remained under control, suggesting that the U.S. central bank can cut interest rates next week to support the slowing economy.

Excluding food and energy, the underlying, or "core," PCE price index fell to 2.8% in the 12 months to September, below the expected 2.9%, and 0.2% month-on-month.

The importance of price stability, the second element of the Fed’s dual mandate, has faded a little of late, but the Fed policymakers will be pleased to see the index falling, further emboldening rate-cut expectations.

Expectations of a 25-basis point reduction at the Federal Reserve’s December 9–10 meeting have been running hot on the back of recent weak labor data and broader signs of economic cooling.

Thursday’s weekly jobless claims plunged by 27,000 to a seasonally adjusted 191,000, the lowest level since September 2022, but economists cautioned that distortions tied to the Thanksgiving holiday may have exaggerated the decline.

Elsewhere, a private-sector payroll report from ADP on Wednesday showed a decline of 32,000 jobs -- the largest drop in over two and a half years, and a report by Challenger, Gray & Christmas stated that announced job cuts dropped sharply in November but hiring intentions remained weak.

Netflix agrees to buy Warner Bros Discovery

In the corporate sector, Netflix (NASDAQ:NFLX) has agreed to acquire Warner Bros Discovery (NASDAQ:WBD) in a cash and stock transaction valued at $27.75 per share, with a total enterprise value of approximately $82.7 billion.

The deal, announced on Friday, follows a weeks-long bidding war where Netflix outbid Paramount Skydance’s (NASDAQ:{{8171’s|PSKY}}) nearly $24-a-share offer with its nearly $28-a-share proposal.

Should the transaction be finalized, it would transform Netflix into a media powerhouse with control over one of the most valuable content libraries in the entertainment industry.

Get premium news and insight, AI stock picks, and deep research tools by upgrading to InvestingPro - get 55% off today

Elsewhere, Ulta Beauty (NASDAQ:ULTA) shares soared after the cosmetics retailer topped Wall Street estimates for its fiscal third quarter and raised its full-year outlook.

Victoria’s Secret (NYSE:VSCO) stock rose strongly after the lingerie retailer reported better-than-expected third quarter results, raising its full-year outlook as its turnaround strategy shows signs of success.

On the flip side, Hewlett Packard Enterprise (NYSE:HPE) stock slumped after the cloud services and hardware company missed analysts’ revenue expectations for the fourth quarter, posting $9.68 billion versus a consensus estimate of $9.94 billion.

Peter Nurse, Ayushman Ojha contributed to this article

Investing.com-- The S&P 500 rose after a relatively benign inflation report kept open the likelihood that the Federal Reserve will cut interest rates next week.

At 1:10 p.m. ET (18:10 GMT), the Dow Jones Industrial Average gained 190 points, or 0.4%, the S&P 500 index gained 0.3%, and the NASDAQ Composite rose 0.3%.

PCE inflation gauge in spotlight

The Fed’s preferred inflation measure, the Personal Consumption Expenditures Price Index (PCE), indicated that inflation remained under control, suggesting that the U.S. central bank can cut interest rates next week to support the slowing economy.

Excluding food and energy, the underlying, or "core," PCE price index fell to 2.8% in the 12 months to September, below the expected 2.9%, and 0.2% month-on-month.

The importance of price stability, the second element of the Fed’s dual mandate, has faded a little of late, but the Fed policymakers will be pleased to see the index falling, further emboldening rate-cut expectations.

Expectations of a 25-basis point reduction at the Federal Reserve’s December 9–10 meeting have been running hot on the back of recent weak labor data and broader signs of economic cooling.

Thursday’s weekly jobless claims plunged by 27,000 to a seasonally adjusted 191,000, the lowest level since September 2022, but economists cautioned that distortions tied to the Thanksgiving holiday may have exaggerated the decline.

Elsewhere, a private-sector payroll report from ADP on Wednesday showed a decline of 32,000 jobs -- the largest drop in over two and a half years, and a report by Challenger, Gray & Christmas stated that announced job cuts dropped sharply in November but hiring intentions remained weak.

Netflix agrees to buy Warner Bros Discovery

In the corporate sector, Netflix (NASDAQ:NFLX) has agreed to acquire Warner Bros Discovery (NASDAQ:WBD) in a cash and stock transaction valued at $27.75 per share, with a total enterprise value of approximately $82.7 billion.

The deal, announced on Friday, follows a weeks-long bidding war where Netflix outbid Paramount Skydance’s (NASDAQ:{{8171’s|PSKY}}) nearly $24-a-share offer with its nearly $28-a-share proposal.

Should the transaction be finalized, it would transform Netflix into a media powerhouse with control over one of the most valuable content libraries in the entertainment industry.

Get premium news and insight, AI stock picks, and deep research tools by upgrading to InvestingPro - get 55% off today

Elsewhere, Ulta Beauty (NASDAQ:ULTA) shares soared after the cosmetics retailer topped Wall Street estimates for its fiscal third quarter and raised its full-year outlook.

Victoria’s Secret (NYSE:VSCO) stock rose strongly after the lingerie retailer reported better-than-expected third quarter results, raising its full-year outlook as its turnaround strategy shows signs of success.

On the flip side, Hewlett Packard Enterprise (NYSE:HPE) stock slumped after the cloud services and hardware company missed analysts’ revenue expectations for the fourth quarter, posting $9.68 billion versus a consensus estimate of $9.94 billion.

Peter Nurse, Ayushman Ojha contributed to this article