1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,640 --> 00:00:18,960 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,960 --> 00:00:22,040 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritti Goupta. Not a 6 00:00:22,040 --> 00:00:25,040 Speaker 1: whole lot of movement broadly this morning, Cratie. But we 7 00:00:25,079 --> 00:00:30,200 Speaker 1: are certainly seeing some moves in either direction with Qualcomm 8 00:00:30,440 --> 00:00:33,640 Speaker 1: in focus, certainly this morning after earnings that beat, but 9 00:00:33,920 --> 00:00:35,120 Speaker 1: maybe not enough. 10 00:00:35,200 --> 00:00:38,520 Speaker 3: Good morning, Good morning, Nathan. I mean, this is what happens. Again. 11 00:00:38,560 --> 00:00:40,440 Speaker 4: I keep using this analogy, but when the A plus 12 00:00:40,440 --> 00:00:42,440 Speaker 4: plus student only gets an A plus, yeah, that's kind 13 00:00:42,440 --> 00:00:44,680 Speaker 4: of what happens. Qualcom, of course, is known for making 14 00:00:44,760 --> 00:00:47,519 Speaker 4: the the chips and the processors that used to be 15 00:00:47,720 --> 00:00:50,240 Speaker 4: part of the Apple iPhone and so part of the 16 00:00:50,280 --> 00:00:52,560 Speaker 4: Apple supply chain for a very long time, until Apple 17 00:00:53,080 --> 00:00:56,840 Speaker 4: went in other directions. Nevertheless, Qualcom had diversified their kind 18 00:00:56,840 --> 00:00:59,760 Speaker 4: of customer base for quite some time. This earning story 19 00:01:00,120 --> 00:01:03,240 Speaker 4: shows a little bit of a different picture. Like you said, 20 00:01:03,280 --> 00:01:05,600 Speaker 4: things are fine, things are looking pretty good. They actually 21 00:01:05,640 --> 00:01:08,440 Speaker 4: did meet their earnings. They gave a positive outlook. Analysts 22 00:01:08,440 --> 00:01:11,040 Speaker 4: were broadly positive on the report. They even talked about 23 00:01:11,080 --> 00:01:14,319 Speaker 4: a profit hit from a US tax change, sorry a 24 00:01:14,360 --> 00:01:16,080 Speaker 4: profit Yeah, they did have a profit hit from a 25 00:01:16,160 --> 00:01:18,200 Speaker 4: US tax change on that, but it wasn't as big 26 00:01:18,240 --> 00:01:20,520 Speaker 4: as the street was expecting. So again, they should be 27 00:01:20,560 --> 00:01:23,240 Speaker 4: good numbers across the board, and yet it fell. And 28 00:01:23,319 --> 00:01:26,160 Speaker 4: now this really speaks this idea that they did come 29 00:01:26,240 --> 00:01:28,680 Speaker 4: up with some positive numbers, but they weren't as positive. 30 00:01:28,720 --> 00:01:30,760 Speaker 4: It wasn't as big of a meat or margin of 31 00:01:30,800 --> 00:01:33,640 Speaker 4: a beat as analysts were expecting. So you are seeing 32 00:01:33,640 --> 00:01:36,240 Speaker 4: the shares actually come down just a little bit this 33 00:01:36,280 --> 00:01:40,680 Speaker 4: morning to tune about three percent. Qcom is your ticker there, 34 00:01:40,680 --> 00:01:43,039 Speaker 4: But ma, Nathan, I mean there are bigger stocks in 35 00:01:43,080 --> 00:01:46,680 Speaker 4: the tech universe that are moving in a bigger way. 36 00:01:46,680 --> 00:01:47,920 Speaker 3: I'm gonna start we DoorDash with it. 37 00:01:48,120 --> 00:01:49,919 Speaker 4: I think we can still call that a tech company 38 00:01:49,920 --> 00:01:51,680 Speaker 4: given it as a app at the internet. 39 00:01:51,840 --> 00:01:54,160 Speaker 3: U Yeah, Dash is your ticker. 40 00:01:54,400 --> 00:01:57,640 Speaker 4: Shares are spiraling lower, down about eleven percent this morning, 41 00:01:57,680 --> 00:02:00,600 Speaker 4: trading at two hundred and twelve dollars a share in change. 42 00:02:00,800 --> 00:02:03,560 Speaker 4: They are doing a meta which is a verb now 43 00:02:03,600 --> 00:02:05,680 Speaker 4: and making it a verb. They're doing a meta where 44 00:02:05,680 --> 00:02:09,680 Speaker 4: they're doing bigger investments, higher capex. They're trying to innovate, 45 00:02:09,720 --> 00:02:12,320 Speaker 4: they're trying to invest in some of their platforms. DoorDash, 46 00:02:12,360 --> 00:02:14,960 Speaker 4: for example, has recently acquired Delivery, which is a UK 47 00:02:15,639 --> 00:02:19,200 Speaker 4: food delivery business, so they're really trying to invest in 48 00:02:19,240 --> 00:02:20,880 Speaker 4: a big way that they keep saying is going to 49 00:02:20,919 --> 00:02:23,720 Speaker 4: help them in the long term. The street is looking 50 00:02:23,760 --> 00:02:26,280 Speaker 4: at that and saying, this is way too much spend 51 00:02:26,360 --> 00:02:28,720 Speaker 4: and we don't see how this is going to show 52 00:02:28,800 --> 00:02:31,440 Speaker 4: the same returns that you're promising, and they're getting punished 53 00:02:31,440 --> 00:02:35,000 Speaker 4: for DoorDash shares down some eleven percent as we speak. 54 00:02:35,040 --> 00:02:39,000 Speaker 4: It is your biggest volume mover to the downside this morning. 55 00:02:39,400 --> 00:02:41,640 Speaker 4: There's another disappointment in the tech universe, and that is 56 00:02:41,639 --> 00:02:45,880 Speaker 4: in the cybersecurity company for Tonet. FTNT is your ticker 57 00:02:46,200 --> 00:02:48,680 Speaker 4: shares training Just Shive seventy seven dollars a share also 58 00:02:48,720 --> 00:02:51,799 Speaker 4: down by just Shive eleven percent. They have a massive 59 00:02:51,919 --> 00:02:56,240 Speaker 4: services business. Obviously as a cybersecurity company, that service is 60 00:02:56,280 --> 00:02:59,520 Speaker 4: forecast disappointed. The street was expecting a lot more investment 61 00:02:59,720 --> 00:03:02,639 Speaker 4: into cybersecurity and they didn't exactly get that in this 62 00:03:02,720 --> 00:03:06,960 Speaker 4: set of earning, so FTNT down about eleven percent. They're 63 00:03:07,000 --> 00:03:09,079 Speaker 4: actually trading on and off in terms of with door 64 00:03:09,120 --> 00:03:12,240 Speaker 4: Dash in terms of the worst performers this morning. I 65 00:03:12,240 --> 00:03:13,799 Speaker 4: want to give you some good news though, because there 66 00:03:13,840 --> 00:03:15,160 Speaker 4: is good news in this market. 67 00:03:15,240 --> 00:03:17,440 Speaker 3: It's coming from an unlikely source though, and that is 68 00:03:17,840 --> 00:03:21,440 Speaker 3: Snap Inc. The parent company of Snapchat. Oh it is. 69 00:03:21,560 --> 00:03:23,079 Speaker 3: I know. I haven't talked about it in a while, 70 00:03:23,120 --> 00:03:26,160 Speaker 3: but it's it's one of us. While well that's what 71 00:03:26,240 --> 00:03:27,720 Speaker 3: I'm pushing fifty So there you go. 72 00:03:27,919 --> 00:03:29,960 Speaker 4: Well that's its problem. It's trying to get to get 73 00:03:29,960 --> 00:03:32,639 Speaker 4: the demographic. Maybe it's a new deal with Perplexity AI 74 00:03:33,040 --> 00:03:35,040 Speaker 4: will help change that. They're talking about a four hundred 75 00:03:35,080 --> 00:03:38,080 Speaker 4: million dollar deal to try to get AI involved in 76 00:03:38,160 --> 00:03:40,920 Speaker 4: their search platform. Shares a rallying on it the street 77 00:03:40,960 --> 00:03:44,480 Speaker 4: loves it Hire by twenty percent this morning. Snap shares 78 00:03:44,560 --> 00:03:47,000 Speaker 4: trading just shy of nine dollars a share. 79 00:03:47,040 --> 00:03:49,680 Speaker 3: So there's some good news and pockets of this market. 80 00:03:50,440 --> 00:03:54,480 Speaker 2: This stock Mover's report from Bloomberg Radio. Check back with 81 00:03:54,560 --> 00:03:57,160 Speaker 2: us throughout the day for the latest roundup of companies 82 00:03:57,200 --> 00:04:00,360 Speaker 2: making news on Wall Street and for the latest market 83 00:04:00,360 --> 00:04:04,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube. 84 00:04:04,880 --> 00:04:08,400 Speaker 2: Bloomberg dot com and on Applecarplay and Android Auto with 85 00:04:08,440 --> 00:04:09,920 Speaker 2: the Bloomberg Business App.