1 00:00:02,520 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,480 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,160 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,280 --> 00:00:17,640 Speaker 3: Carol Master Long Tim stand back. 5 00:00:17,720 --> 00:00:19,680 Speaker 1: Let's get you some stocks on the move on this 6 00:00:19,840 --> 00:00:21,920 Speaker 1: Tuesday with us a Bloomberg News process that reported. 7 00:00:21,960 --> 00:00:25,680 Speaker 3: Janiza Sikova got to talk about to the hyperscalers, we're 8 00:00:25,680 --> 00:00:28,600 Speaker 3: talking about Microsoft and Amazon. Yeah, just one day before 9 00:00:28,680 --> 00:00:32,040 Speaker 3: the videos we're earnings. We're seeing Microsoft down two point 10 00:00:32,120 --> 00:00:34,920 Speaker 3: seven percent and Amazon down more than four percent. That 11 00:00:35,000 --> 00:00:39,040 Speaker 3: decrees AMZN. Of course it comes. Part of it was 12 00:00:39,080 --> 00:00:43,800 Speaker 3: a downgrade. We saw the rating cut from by to neutral. 13 00:00:44,080 --> 00:00:48,400 Speaker 3: This is called happening at Redburn, and we saw quite 14 00:00:48,400 --> 00:00:51,520 Speaker 3: the reaction there. We saw a lot of announcements about 15 00:00:51,600 --> 00:00:54,680 Speaker 3: more AI spending later in the day, and Microsoft was 16 00:00:55,400 --> 00:00:58,080 Speaker 3: one of the companies that announced to invest up to 17 00:00:58,360 --> 00:01:03,120 Speaker 3: five billion in Entropic. But we're seeing concerned building up. Obviously, 18 00:01:03,240 --> 00:01:07,160 Speaker 3: NASDAK has been down for some time. Dave raced around 19 00:01:07,160 --> 00:01:10,880 Speaker 3: one point eight threellion of value since mid October, so 20 00:01:11,520 --> 00:01:14,600 Speaker 3: clearly AI spending. There is a lot of worry there. 21 00:01:14,880 --> 00:01:17,680 Speaker 3: What we're seeing here is that the company is saying 22 00:01:17,720 --> 00:01:21,680 Speaker 3: the bookcase regenerative AI is no longer clear and hyperscare 23 00:01:21,720 --> 00:01:24,840 Speaker 3: should be approach with question. It's a pretty harsh warning. 24 00:01:25,200 --> 00:01:29,240 Speaker 3: They say, the industry gen I narrative looks increasingly misplaced. 25 00:01:30,200 --> 00:01:33,360 Speaker 3: It's very rare to place a neutral rating on Microsoft 26 00:01:33,360 --> 00:01:37,200 Speaker 3: and Amazon, and ninety percent is a buy. So definitely 27 00:01:37,240 --> 00:01:40,040 Speaker 3: a cracks in confidence of the big winners of the rally. 28 00:01:40,319 --> 00:01:42,800 Speaker 1: Did you see that Jeff Bezos has started another AI company? 29 00:01:42,800 --> 00:01:46,360 Speaker 1: I did see that raised billions of dollars. It's so 30 00:01:46,520 --> 00:01:49,600 Speaker 1: it's his own money. Yeah, six billion dollar AI startup. 31 00:01:49,760 --> 00:01:53,600 Speaker 3: Yeah. I mean listen the Prometheus. Yeah, it sounds like 32 00:01:53,600 --> 00:01:55,520 Speaker 3: a Jeff basis, it does. I mean that with all 33 00:01:55,600 --> 00:01:57,800 Speaker 3: due respect. Hey, let's get a home deep out because 34 00:01:57,840 --> 00:02:01,040 Speaker 3: they came out with results today. Yeah, talks about six 35 00:02:01,080 --> 00:02:03,600 Speaker 3: percent today. That was the worst day since February twenty 36 00:02:03,640 --> 00:02:07,360 Speaker 3: twenty three. The ticker is HD. They cut therefore your 37 00:02:07,400 --> 00:02:11,520 Speaker 3: earnings guidance, and they're warning that unsteady consumers are hitting 38 00:02:11,520 --> 00:02:15,120 Speaker 3: the pulse button on big ticket home purchases. Of course, 39 00:02:15,240 --> 00:02:18,000 Speaker 3: the housing market has been somewhat frozen, so that has 40 00:02:18,080 --> 00:02:21,080 Speaker 3: been weighing on the company. Add To that, tariffs, a 41 00:02:21,120 --> 00:02:23,600 Speaker 3: lot of the materials are more expensive, a lot of 42 00:02:23,919 --> 00:02:26,760 Speaker 3: confusion supply chain issues, so that has been weighing on 43 00:02:26,760 --> 00:02:30,080 Speaker 3: the stock that's already down eleven percent year Today, the 44 00:02:30,120 --> 00:02:34,240 Speaker 3: retailer said it expects adjusted earning spirituality five percent from 45 00:02:34,240 --> 00:02:37,400 Speaker 3: a year ago. The company said it's profit and comparable 46 00:02:37,880 --> 00:02:40,919 Speaker 3: scales sales came in lower and expecting the last quarter. 47 00:02:41,000 --> 00:02:43,600 Speaker 3: So a lot of pressure for a company that has 48 00:02:43,760 --> 00:02:47,760 Speaker 3: been under macro and other uncertainty already and another earning 49 00:02:47,760 --> 00:02:49,440 Speaker 3: support that they alleviate concerns. 50 00:02:49,560 --> 00:02:51,160 Speaker 1: What's a big ticket item at home? Deep at the 51 00:02:51,840 --> 00:02:52,480 Speaker 1: leaf blower? 52 00:02:52,680 --> 00:02:54,800 Speaker 3: That's that's a big tech, A big ticket that's a 53 00:02:55,160 --> 00:02:58,519 Speaker 3: but you know they're working with like do it yourself 54 00:02:58,680 --> 00:03:00,919 Speaker 3: kind of that's helping. What's a big how you still 55 00:03:01,160 --> 00:03:01,600 Speaker 3: love going? 56 00:03:01,720 --> 00:03:06,120 Speaker 1: I don't know a fridge? Yeah, Well, Low's before market 57 00:03:06,160 --> 00:03:07,919 Speaker 1: on Wednesday, so we'll get an idea of whether or 58 00:03:07,960 --> 00:03:10,840 Speaker 1: not this was a home depot specific specific story or 59 00:03:10,840 --> 00:03:14,040 Speaker 1: if Low's takes ahead too very briefly, Honeywell that's quick. 60 00:03:14,360 --> 00:03:19,160 Speaker 3: Yeah. Shares of automation technology are down more than two 61 00:03:19,200 --> 00:03:22,240 Speaker 3: percent today. It comes of a double downgrade from Bank 62 00:03:22,280 --> 00:03:25,680 Speaker 3: of America from buy to sell a lot of pressure 63 00:03:25,680 --> 00:03:28,200 Speaker 3: their companies down ten percent here today. This is the 64 00:03:28,240 --> 00:03:30,520 Speaker 3: only sale rating, but clearly a lot of pressure from 65 00:03:30,520 --> 00:03:32,560 Speaker 3: a double down grade. Yeah, they don't come often. 66 00:03:34,440 --> 00:03:38,480 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 67 00:03:38,560 --> 00:03:41,160 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:41,200 --> 00:03:44,320 Speaker 2: making news on Wall Street and for the latest market 69 00:03:44,320 --> 00:03:48,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:48,880 --> 00:03:52,400 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:52,480 --> 00:03:53,960 Speaker 2: the Bloomberg Business app.