Stock Movers: FICO Surges, Tesla Falls, Occidental Sells Unit

FICO's New Strategy Drives Stock Surge

• 💡 Fair Isaac (FICO) rallied significantly, up nearly 18% by market close, after announcing it will now sell credit scores directly to mortgage resellers.
• 📉 This move is expected to reduce reliance on third-party credit bureaus like Equifax and TransUnion, which saw their shares plunge.

Tesla's Record Sales Amidst Subsidy Expiration

• 🚗 Tesla shares fell despite reporting a record quarter for vehicle sales, with deliveries reaching 497,099 units.
• ⚠️ Analysts express concern about future demand in an unsubsidized US market and the impact of legislative changes on tradable emissions credits.

Occidental Petroleum's Asset Sale and Debt Reduction

• 🛢️ Occidental Petroleum (OXY) shares declined over 7% following the sale of its chemical-unit to Berkshire Hathaway for $9.7 billion.
• 💰 The company aims to use proceeds to reduce debt, with CEO Vicky Hull emphasizing a focus on organic growth moving forward.

Nebius Group and EST Space Mobile's Performance

• ☁️ Nebius Group (NBIS) shares rose about 9% due to a significant computing power deal with Microsoft, intended for internal AI development.
• 🛰️ EST Space Mobile continued its strong performance, up another 16% today, partnering with AT&T and Verizon to expand cellular reach via satellites.

Market Dynamics and Treasury Yields

• 📊 Treasury yields showed mixed movement, with longer-term yields falling and shorter-term yields slightly increasing.
• 📉 Trading volumes in the Treasury market are notably light due to the government shutdown and a lack of economic data releases.