Today’s biggest winners and losers in the stock market.
On this episode of Stock Movers:
– European semiconductor stocks rally following a blowout earnings report from US-listed memory chipmaker Micron and an upbeat outlook from Qualcomm. Infineon climbed as much as 5.3%
– EasyJet shares rise as much as 5.9% to the highest level in a year after the UK budget airline rejected a fourth takeover bid from US investment firm Castlelake at 650p a share, saying the offer is “significantly undervaluing” the carrier.
– 3i Group shares jump as much as 11%, the most since January, after the investment company revealed like-for-like growth at discount retailer Action, the single largest holding in its portfolio, accelerated over the last six weeks. Analysts said better weather helped demand and believe the acceleration is providing some reassurance.
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Bloomberg journalists discuss today’s biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Check out more episodes of Stock Movers: https://www.youtube.com/playlist?list=PLe4PRejZgr0NxhJreY_kjMBdW8cvmNauU
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Infineon Gains, EasyJet Rises, 3i Jumps
