WEBVTT - Microsoft Drops, Meta Platforms Rises, Lockheed Martin Soars After Profit Forecast

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg data, we'll.

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<v Speaker 1>Take a look at some of the stocks on the

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<v Speaker 1>move today. We're joined by Bloomberg's normal Linda Nor. What

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<v Speaker 1>are you looking at?

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<v Speaker 3>Well, of course we've got big tech earning, so that's

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<v Speaker 3>really been in focus today.

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<v Speaker 1>I've got my eyes on Microsoft.

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<v Speaker 3>We're seeing this stock down as much as twelve percent,

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<v Speaker 3>really plunging today. Of course, we know this after reported

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<v Speaker 3>slowing cloud sales growth. This, of course is really underscoring

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<v Speaker 3>a lot of investor concerns about the return on spending.

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<v Speaker 3>Of course, we've been talking so much about the AI

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<v Speaker 3>spending ballooning, and that's what people are really looking at.

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<v Speaker 1>Here's it relates to Microsoft.

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<v Speaker 3>So you are seeing those double digit losses here we

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<v Speaker 3>did see the Azure the cloud computing unit did post

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<v Speaker 3>a thirty eight percent revenue gain during the quarter that

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<v Speaker 3>just met analyst expectations. So you are really seeing the

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<v Speaker 3>stock being punished down for its worst day since March

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<v Speaker 3>twenty twenty.

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<v Speaker 1>That pandemic. All right, Fillo mag seven Name Moving in

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<v Speaker 1>a different direction.

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<v Speaker 3>Nora. Absolutely, we're looking at shares of meta platforms. That's

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<v Speaker 3>take our m ETA. We're seeing shares up as much

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<v Speaker 3>as eleven percent. That's the best thing since July. This

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<v Speaker 3>is after the company topped projections for holiday quarter revenue

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<v Speaker 3>and also gave a strong forecast for the current quarter.

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<v Speaker 3>When we look at that earnings report, so we did

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<v Speaker 3>see that the company projected record.

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<v Speaker 1>Spending for twenty twenty six.

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<v Speaker 3>The CEO, of course, Mark Zuckerberg saying it's aggressive campaign

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<v Speaker 3>to a mass ai infrastructure, computing, power, and talent. That's

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<v Speaker 3>really what a lot of Wall Street is hinging on

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<v Speaker 3>those words. Really, So we're seeing, of course Wall Street

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<v Speaker 3>really celebrating the print that we got out of meta platforms.

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<v Speaker 3>Definitely diverging from what we saw for Microsoft.

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<v Speaker 1>All right, how about the defense contractor Lockheed margin.

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<v Speaker 3>Yeah, Lockheed Martin, it's actually hitting its highest level ever.

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<v Speaker 3>Shares are up as much as eight point one percent

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<v Speaker 3>on the day. This is after it reached a deal

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<v Speaker 3>with the Pentagon to increase its Thhaad missile production, planning

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<v Speaker 3>a multi billion dollar investment over three year to expand production.

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<v Speaker 3>So the company also did report a nine point one

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<v Speaker 3>percent increase in sales to twenty point three two billion

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<v Speaker 3>dollars in the fourth quarter. So you're certainly seeing Wall

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<v Speaker 3>Street rallying behind this name. We're seeing shares up about

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<v Speaker 3>four point nine percent right now as we speak.

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<v Speaker 2>That's ticker LMT, the Stock Movers Report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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<v Speaker 2>roundup of companies making news on Wall Street and for

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