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Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie. Good morning. We are seeing quite the move once again in Oracle shares. This stock has been on quite the run in the last few days.
Good morning, Good morning, Nathan, and adding to it this morning, up another five percent in pre market trade, adding to its three percent rally yesterday. Now, this story is not about cloud earnings, but about a market expectation that Oracle will be a key beneficiary of a US controlled TikTok. CBS News reporting overnight that Oracle could be a key player and could be among the group of firms that
will enable TikTok's operations in the US. But remember, Nathan, and there's still a lot of unknowns about this US China TikTok framework that was announced by Scott Bessant in Madrid yesterday. We are aware that President Trump and President she are going to be getting on the phone on Friday to confirm the framework and then perhaps he'll they'll tell the market what the framework actually is. But we don't actually really know if the end of TikTok is
one of a US controlling the US division. But Oracle regardless of that, on suspicion that it will be a key beneficiary of a US controlled TikTok is rising five percent again.
Also on the rise this morning shares of Hershey, and I've tried so hard to resist saying it's sweet news for the company, but well, there you go.
I'll say it's sweet news for Hershey up two point four percent. Double upgrade from Goldman Sachs, citing improving market trends and the fact that costs pressures from tariffs and the rising price of Coco. Those are themes that are well understood and already in the price. Goldman says that they maintain a historically strong pricing power with iconic brands, and recent announcements on price increases are expected to drive outside earnings growth in the quarters to come.
And we also got earnings from daven Busters. No fund for this stockfilm.
Stock is down over seventeen percent in pre market trade. David Busters had a double earnings miss The adjusted EPs was less than half of that of expectations. They also missed on margins, citing lower operating profit at some of its flag at ships stores. They're dealing with less foot traffic and even when you get that foot traffic, less spending entailed. So David busters down over seventeen percent on the back of earnings.
Well, there's ideas for something to do and maybe weekends to come. Tell me why webtune is on your radar. We don't talk about the stock very much at all.
Really, this is a really interesting one. It's out comics. Disney has taken a two percent stake in webtoo now. Webtoon is a website platform to read comics. It's known for its vertical scrolling format, it's tailored for smartphones, and essentially, Disney wants to use the platform, which already has one hundred and fifty five million daily active users. They want to use webtoon in order to build an ambitious news service to house all of Disney's comics, which would be
thirty five thousand comics in one place. Now. The investment from Disney the two percent state comes a month after the two companies have announced their intent to collaborate, but Webtoon shares are up forty four percent off the back of this investment from Disney. In pre market trade.
The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on you Tube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app MHM.