Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg data, we'll.
Speaker 1: Take a look at some of the stocks on the
Speaker 1: move today. We're joined by Bloomberg's normal Linda Nor. What
Speaker 1: are you looking at?
Speaker 3: Well, of course we've got big tech earning, so that's
Speaker 3: really been in focus today.
Speaker 1: I've got my eyes on Microsoft.
Speaker 3: We're seeing this stock down as much as twelve percent,
Speaker 3: really plunging today. Of course, we know this after reported
Speaker 3: slowing cloud sales growth. This, of course is really underscoring
Speaker 3: a lot of investor concerns about the return on spending.
Speaker 3: Of course, we've been talking so much about the AI
Speaker 3: spending ballooning, and that's what people are really looking at.
Speaker 1: Here's it relates to Microsoft.
Speaker 3: So you are seeing those double digit losses here we
Speaker 3: did see the Azure the cloud computing unit did post
Speaker 3: a thirty eight percent revenue gain during the quarter that
Speaker 3: just met analyst expectations. So you are really seeing the
Speaker 3: stock being punished down for its worst day since March
Speaker 3: twenty twenty.
Speaker 1: That pandemic. All right, Fillo mag seven Name Moving in
Speaker 1: a different direction.
Speaker 3: Nora. Absolutely, we're looking at shares of meta platforms. That's
Speaker 3: take our m ETA. We're seeing shares up as much
Speaker 3: as eleven percent. That's the best thing since July. This
Speaker 3: is after the company topped projections for holiday quarter revenue
Speaker 3: and also gave a strong forecast for the current quarter.
Speaker 3: When we look at that earnings report, so we did
Speaker 3: see that the company projected record.
Speaker 1: Spending for twenty twenty six.
Speaker 3: The CEO, of course, Mark Zuckerberg saying it's aggressive campaign
Speaker 3: to a mass ai infrastructure, computing, power, and talent. That's
Speaker 3: really what a lot of Wall Street is hinging on
Speaker 3: those words. Really, So we're seeing, of course Wall Street
Speaker 3: really celebrating the print that we got out of meta platforms.
Speaker 3: Definitely diverging from what we saw for Microsoft.
Speaker 1: All right, how about the defense contractor Lockheed margin.
Speaker 3: Yeah, Lockheed Martin, it's actually hitting its highest level ever.
Speaker 3: Shares are up as much as eight point one percent
Speaker 3: on the day. This is after it reached a deal
Speaker 3: with the Pentagon to increase its Thhaad missile production, planning
Speaker 3: a multi billion dollar investment over three year to expand production.
Speaker 3: So the company also did report a nine point one
Speaker 3: percent increase in sales to twenty point three two billion
Speaker 3: dollars in the fourth quarter. So you're certainly seeing Wall
Speaker 3: Street rallying behind this name. We're seeing shares up about
Speaker 3: four point nine percent right now as we speak.
Speaker 2: That's ticker LMT, the Stock Movers Report from Bloomberg Radio.
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Speaker 2: roundup of companies making news on Wall Street and for
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