Stock Movers: Carnival Surges, WhiteFiber Rises, KB Home Drops

Carnival's Profit Outlook Boosts Shares

• 🚀 Carnival was the top performer in the S&P 500, gaining approximately 9.8% due to a better-than-expected profit outlook for the upcoming year.
• 💰 The cruise group reinstated its quarterly dividend at 15 cents a share and anticipates adjusted net income to rise about 12% next year, surpassing analyst estimates.
• 📈 The company expects positive trends to continue, driven by higher prices and bookings.

Oracle's TikTok Investment and AI Infrastructure

• 💡 Oracle saw a 6.9% increase in its stock price following news of a Bloomberg exclusive: a group led by Oracle will acquire a 15% stake in TikTok.
• 🤝 Oracle, Silverlake, and an Abu Dhabi-based investment company will form a US joint venture with ByteDance, focusing on data protection, content moderation, and algorithm security with a majority American board.
• ⚡ WhiteFiber (WYFI), a small-cap company focused on AI infrastructure, announced a significant 10-year, 40-megawatt co-location agreement for its data centers, aiming to provide quick power and fast computing for AI and machine learning tasks.

Major Companies Face Sales Declines

• 📉 Nike shares dropped 10.5% after warning of declining sales this quarter, citing persistent weakness in China and the Converse brand.
• 🍟 Lamb Weston, a frozen potato fry producer, experienced a significant 26% stock decrease, trading at its lowest point since March 2020.
• ⚠️ The company issued a profit warning, indicating a 8% decline in price mix in North America due to discounting and rising manufacturing costs, despite maintaining full-year guidance.

Homebuilder KB Home Misses Estimates

• 🏠 KB Home shares fell 8.5%, marking their largest intraday drop since 2020.
• 📊 The decline followed the company's fiscal fourth-quarter profit missing analyst estimates, and its fiscal 2026 housing revenue outlook also lagging expectations.