1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:17,080 Speaker 2: in the stock market. Harnessing the power of Bloomberg data, we'll. 4 00:00:16,960 --> 00:00:18,479 Speaker 1: Take a look at some of the stocks on the 5 00:00:18,480 --> 00:00:20,880 Speaker 1: move today. We're joined by Bloomberg's normal Linda Nor. What 6 00:00:20,880 --> 00:00:21,319 Speaker 1: are you looking at? 7 00:00:21,560 --> 00:00:23,400 Speaker 3: Well, of course we've got big tech earning, so that's 8 00:00:23,440 --> 00:00:24,520 Speaker 3: really been in focus today. 9 00:00:24,520 --> 00:00:26,080 Speaker 1: I've got my eyes on Microsoft. 10 00:00:26,160 --> 00:00:28,800 Speaker 3: We're seeing this stock down as much as twelve percent, 11 00:00:28,920 --> 00:00:31,479 Speaker 3: really plunging today. Of course, we know this after reported 12 00:00:31,720 --> 00:00:34,880 Speaker 3: slowing cloud sales growth. This, of course is really underscoring 13 00:00:35,640 --> 00:00:38,479 Speaker 3: a lot of investor concerns about the return on spending. 14 00:00:38,520 --> 00:00:40,240 Speaker 3: Of course, we've been talking so much about the AI 15 00:00:40,320 --> 00:00:42,400 Speaker 3: spending ballooning, and that's what people are really looking at. 16 00:00:42,720 --> 00:00:44,000 Speaker 1: Here's it relates to Microsoft. 17 00:00:44,040 --> 00:00:46,479 Speaker 3: So you are seeing those double digit losses here we 18 00:00:46,520 --> 00:00:49,479 Speaker 3: did see the Azure the cloud computing unit did post 19 00:00:49,479 --> 00:00:52,559 Speaker 3: a thirty eight percent revenue gain during the quarter that 20 00:00:52,760 --> 00:00:55,200 Speaker 3: just met analyst expectations. So you are really seeing the 21 00:00:55,200 --> 00:00:58,360 Speaker 3: stock being punished down for its worst day since March 22 00:00:58,400 --> 00:00:58,880 Speaker 3: twenty twenty. 23 00:00:58,960 --> 00:01:01,440 Speaker 1: That pandemic. All right, Fillo mag seven Name Moving in 24 00:01:01,480 --> 00:01:02,560 Speaker 1: a different direction. 25 00:01:02,720 --> 00:01:05,440 Speaker 3: Nora. Absolutely, we're looking at shares of meta platforms. That's 26 00:01:05,440 --> 00:01:08,240 Speaker 3: take our m ETA. We're seeing shares up as much 27 00:01:08,280 --> 00:01:10,600 Speaker 3: as eleven percent. That's the best thing since July. This 28 00:01:10,680 --> 00:01:14,120 Speaker 3: is after the company topped projections for holiday quarter revenue 29 00:01:14,160 --> 00:01:17,280 Speaker 3: and also gave a strong forecast for the current quarter. 30 00:01:17,520 --> 00:01:19,440 Speaker 3: When we look at that earnings report, so we did 31 00:01:19,520 --> 00:01:21,320 Speaker 3: see that the company projected record. 32 00:01:21,160 --> 00:01:22,520 Speaker 1: Spending for twenty twenty six. 33 00:01:23,040 --> 00:01:26,560 Speaker 3: The CEO, of course, Mark Zuckerberg saying it's aggressive campaign 34 00:01:26,600 --> 00:01:29,960 Speaker 3: to a mass ai infrastructure, computing, power, and talent. That's 35 00:01:30,000 --> 00:01:32,440 Speaker 3: really what a lot of Wall Street is hinging on 36 00:01:32,600 --> 00:01:35,720 Speaker 3: those words. Really, So we're seeing, of course Wall Street 37 00:01:35,720 --> 00:01:38,679 Speaker 3: really celebrating the print that we got out of meta platforms. 38 00:01:38,680 --> 00:01:40,680 Speaker 3: Definitely diverging from what we saw for Microsoft. 39 00:01:41,040 --> 00:01:44,200 Speaker 1: All right, how about the defense contractor Lockheed margin. 40 00:01:44,400 --> 00:01:47,880 Speaker 3: Yeah, Lockheed Martin, it's actually hitting its highest level ever. 41 00:01:48,280 --> 00:01:50,480 Speaker 3: Shares are up as much as eight point one percent 42 00:01:50,560 --> 00:01:52,440 Speaker 3: on the day. This is after it reached a deal 43 00:01:52,440 --> 00:01:57,279 Speaker 3: with the Pentagon to increase its Thhaad missile production, planning 44 00:01:57,320 --> 00:02:01,160 Speaker 3: a multi billion dollar investment over three year to expand production. 45 00:02:01,360 --> 00:02:03,720 Speaker 3: So the company also did report a nine point one 46 00:02:03,760 --> 00:02:06,960 Speaker 3: percent increase in sales to twenty point three two billion 47 00:02:07,040 --> 00:02:10,400 Speaker 3: dollars in the fourth quarter. So you're certainly seeing Wall 48 00:02:10,400 --> 00:02:13,200 Speaker 3: Street rallying behind this name. We're seeing shares up about 49 00:02:13,840 --> 00:02:16,080 Speaker 3: four point nine percent right now as we speak. 50 00:02:16,120 --> 00:02:21,840 Speaker 2: That's ticker LMT, the Stock Movers Report from Bloomberg Radio. 51 00:02:22,360 --> 00:02:24,480 Speaker 2: Check back with us throughout the day for the latest 52 00:02:24,560 --> 00:02:27,760 Speaker 2: roundup of companies making news on Wall Street and for 53 00:02:27,840 --> 00:02:31,799 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live, 54 00:02:32,200 --> 00:02:35,760 Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay 55 00:02:35,800 --> 00:02:38,400 Speaker 2: and Android Auto with the Bloomberg Business app.