1 00:00:02,520 --> 00:00:08,840 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,520 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,840 --> 00:00:19,720 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,760 --> 00:00:23,080 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Value. 6 00:00:23,160 --> 00:00:25,840 Speaker 3: Let's start off with the most actively traded stock in 7 00:00:25,880 --> 00:00:29,400 Speaker 3: the pre market. It is Tesla to the downside. Does 8 00:00:29,440 --> 00:00:32,479 Speaker 3: it feel like Wall Street confidence is shaking in the 9 00:00:32,520 --> 00:00:33,440 Speaker 3: ev maker now? 10 00:00:33,960 --> 00:00:36,360 Speaker 1: Maybe a little bit, Maybe a little bit. We are 11 00:00:36,400 --> 00:00:39,239 Speaker 1: seeing some downgrades to the stock which has caused it 12 00:00:39,360 --> 00:00:41,840 Speaker 1: under pressure and pre market trade. It's down two point 13 00:00:41,840 --> 00:00:46,120 Speaker 1: eight percent so far in pre market. That's Tesla ticker TSLA. 14 00:00:46,720 --> 00:00:50,800 Speaker 1: The most recent update was from Baird being cut to neutral, 15 00:00:51,479 --> 00:00:54,600 Speaker 1: this analyst noting that the recent share rally falled what 16 00:00:54,680 --> 00:00:58,080 Speaker 1: was a fundamentally poor quarter for the ev maker, Baird 17 00:00:58,160 --> 00:01:02,200 Speaker 1: saying that Musk's comments regarding the Robotaxi ramp up ratear 18 00:01:02,240 --> 00:01:05,240 Speaker 1: also a bit too optimistic. The analysts also noting that 19 00:01:05,360 --> 00:01:09,000 Speaker 1: musks ties with President Trump have also added a considerable 20 00:01:09,360 --> 00:01:12,080 Speaker 1: amount of uncertainty. Their price target has been set to 21 00:01:12,160 --> 00:01:15,720 Speaker 1: three hundred and twenty dollars a share, implies only an 22 00:01:15,760 --> 00:01:19,520 Speaker 1: eight percent increase from the last close. Tesla is also 23 00:01:19,600 --> 00:01:24,119 Speaker 1: cut at the Argus Research firm, cut to hold from 24 00:01:24,200 --> 00:01:28,280 Speaker 1: a buy, so it has had a multiple analysts downgrade 25 00:01:28,319 --> 00:01:29,000 Speaker 1: their estimates. 26 00:01:29,440 --> 00:01:32,000 Speaker 3: Okay, now I see you've got drone stocks on your 27 00:01:32,080 --> 00:01:33,319 Speaker 3: radar as well. 28 00:01:33,319 --> 00:01:36,800 Speaker 1: Tell us why yeah, this one's interesting. Dronestocks jumping this 29 00:01:36,920 --> 00:01:40,280 Speaker 1: morning on Trump's executive orders that he signed on Friday. 30 00:01:40,760 --> 00:01:45,800 Speaker 1: Joby Aviation up near ten percent. That's ticker Joby, Archer 31 00:01:45,840 --> 00:01:51,360 Speaker 1: Aviation nine point eight percent, that's ticker ACCHR. And Vertical Aerospace. 32 00:01:51,360 --> 00:01:55,440 Speaker 1: I like that name. Some eight percent EVTL. They're all 33 00:01:55,520 --> 00:01:58,600 Speaker 1: rising due to President Trump, who signed an executive order 34 00:01:58,640 --> 00:02:03,520 Speaker 1: on Friday to bolster US drone capabilities, including strengthening counter 35 00:02:03,720 --> 00:02:07,000 Speaker 1: drone tools ahead of major sporting events such as the 36 00:02:07,000 --> 00:02:09,600 Speaker 1: twenty twenty six Fifel World Cup and the twenty twenty 37 00:02:09,600 --> 00:02:14,040 Speaker 1: eight Summer Olympics. The intention of these three executive orders, 38 00:02:14,080 --> 00:02:17,480 Speaker 1: according to officials, is to boost US manufacturing and innovation 39 00:02:17,919 --> 00:02:22,440 Speaker 1: while decreasing the reliance on foreign adversaries such as China, 40 00:02:22,520 --> 00:02:26,200 Speaker 1: which currently dominates the commercial drone market. So drone stocks 41 00:02:26,240 --> 00:02:28,120 Speaker 1: given a lift today by President Trump. 42 00:02:28,639 --> 00:02:33,040 Speaker 3: Two of stocks that are getting a big beating this morning, 43 00:02:33,360 --> 00:02:38,280 Speaker 3: robin Hood and app Lovin getting some attention from investors, 44 00:02:38,320 --> 00:02:41,760 Speaker 3: maybe not so much from whoever rebalances the indexes. 45 00:02:42,360 --> 00:02:45,480 Speaker 1: Yeah, that's right. So S and P five hundred went 46 00:02:45,600 --> 00:02:49,079 Speaker 1: through a quarterly rebalancing on Friday, which is normally when 47 00:02:49,120 --> 00:02:52,200 Speaker 1: they add new membership into the index. They decline to 48 00:02:52,240 --> 00:02:55,919 Speaker 1: add Robinhood and app Lovin, and those stocks had been 49 00:02:56,000 --> 00:02:59,079 Speaker 1: speculated that they would be added to the index. We're 50 00:02:59,080 --> 00:03:03,359 Speaker 1: seeing robin Hood ticker Hood down over five percent, in 51 00:03:03,480 --> 00:03:08,480 Speaker 1: app Lovin ticker app down four point eight percent. But 52 00:03:08,520 --> 00:03:12,360 Speaker 1: this time around the firm of Robinhood, the brokerage firm, 53 00:03:12,440 --> 00:03:15,600 Speaker 1: It had risen about thirteen percent last week going into 54 00:03:15,639 --> 00:03:18,160 Speaker 1: this announcement because analysts across the street from Bank of 55 00:03:18,200 --> 00:03:21,480 Speaker 1: America to Barclays speculated that the company was a top 56 00:03:21,520 --> 00:03:25,079 Speaker 1: candidate to join the benchmarks of some disappointment for those 57 00:03:25,120 --> 00:03:27,480 Speaker 1: stocks hoping to make it into the SP five hundred. 58 00:03:28,680 --> 00:03:32,800 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 59 00:03:32,880 --> 00:03:35,640 Speaker 2: us throughout the day for the latest roundup of companies 60 00:03:35,680 --> 00:03:38,720 Speaker 2: making news on Wall Street and for the latest market 61 00:03:38,760 --> 00:03:43,120 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 62 00:03:43,160 --> 00:03:46,440 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 63 00:03:46,480 --> 00:03:47,960 Speaker 2: the Bloomberg Business app.