1 00:00:02,520 --> 00:00:09,040 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 --> 00:00:17,120 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:18,000 --> 00:00:20,200 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:20,239 --> 00:00:23,800 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritti Gupta. We have 6 00:00:23,880 --> 00:00:26,680 Speaker 1: to start with the biggest downside mover this morning, and 7 00:00:26,760 --> 00:00:32,240 Speaker 1: that would be Tesla as Elon Musk dips back into politics. 8 00:00:32,320 --> 00:00:35,720 Speaker 3: Good morning, Critty, Good morning Nathan. Yeah, Tesla shares not 9 00:00:35,760 --> 00:00:38,040 Speaker 3: having it this morning, down about six point six percent. 10 00:00:38,120 --> 00:00:41,320 Speaker 3: PSLA is your ticker, trading at about two hundred and 11 00:00:41,440 --> 00:00:44,280 Speaker 3: ninety four dollars a share. Now, this is, of course, 12 00:00:44,320 --> 00:00:46,280 Speaker 3: as you say, comes from its political move. We know 13 00:00:46,320 --> 00:00:49,040 Speaker 3: we've seen this movie before. The idea that Elon Musk 14 00:00:49,200 --> 00:00:52,440 Speaker 3: really pursuing anything outside of his own businesses, outside of 15 00:00:52,479 --> 00:00:55,200 Speaker 3: his own empire, that brings about the concern of how 16 00:00:55,280 --> 00:00:57,640 Speaker 3: much of his leadership and how much of his attention 17 00:00:57,880 --> 00:01:01,480 Speaker 3: is really reserved for Tesla itself is macro implication, given 18 00:01:01,520 --> 00:01:04,080 Speaker 3: that Tesla shares makeup about six percent of the S 19 00:01:04,120 --> 00:01:06,880 Speaker 3: and P five hundred. Nevertheless, the idea of a new 20 00:01:07,000 --> 00:01:10,600 Speaker 3: political party not getting a ton of support from Wall Street. 21 00:01:10,640 --> 00:01:12,520 Speaker 3: There's a lot of concern here that's going to draw 22 00:01:12,720 --> 00:01:16,760 Speaker 3: further backlash from Donald Trump, in addition to pulling focus 23 00:01:16,760 --> 00:01:19,800 Speaker 3: from not only Tesla but also their Rowbot taxi rollout. Nevertheless, 24 00:01:19,880 --> 00:01:23,000 Speaker 3: Nathan is your biggest downside mover this morning, your biggest 25 00:01:23,040 --> 00:01:25,440 Speaker 3: volume mover. I should add as well, down about six 26 00:01:25,480 --> 00:01:29,360 Speaker 3: point six percent and dropping as I speak, Tsla trading 27 00:01:29,360 --> 00:01:31,480 Speaker 3: at about two hundred and ninety four dollars a share. 28 00:01:31,480 --> 00:01:33,200 Speaker 3: I should just mention very quickly that I did a 29 00:01:33,240 --> 00:01:36,360 Speaker 3: quick check on the analyst recommendations for Tesla. There are 30 00:01:36,360 --> 00:01:40,240 Speaker 3: still plenty of people forecasting a street high of his 31 00:01:40,360 --> 00:01:43,120 Speaker 3: high as five hundred dollars a share. Our friend Dan, 32 00:01:43,200 --> 00:01:46,080 Speaker 3: i'ves o roweb Bush so bullish on the stock, but 33 00:01:46,200 --> 00:01:48,240 Speaker 3: keep an eye on that one. As I say, Tesla 34 00:01:48,320 --> 00:01:51,000 Speaker 3: shares are taking a little bit of a beating this morning, 35 00:01:51,640 --> 00:01:53,720 Speaker 3: as are a couple of other stocks, Nathan, this is 36 00:01:53,720 --> 00:01:56,160 Speaker 3: a morning where a lot of the analyst community is 37 00:01:56,200 --> 00:02:00,120 Speaker 3: starting to cut some of their calls. Here. CrowdStrike catching 38 00:02:00,200 --> 00:02:03,400 Speaker 3: my attention. CRWD is the ticker. This is, of course, 39 00:02:03,440 --> 00:02:06,880 Speaker 3: the major cybersecurity company, down about one and a half percent, 40 00:02:06,960 --> 00:02:10,240 Speaker 3: trading at about five hundred and six dollars a share. 41 00:02:10,400 --> 00:02:13,160 Speaker 3: Looks like Piper Sandler is cutting their price target. They're 42 00:02:13,160 --> 00:02:17,000 Speaker 3: saying there's limited upside for crab Strike holdings and then 43 00:02:17,000 --> 00:02:19,440 Speaker 3: also cutting the software company to a neutral from an 44 00:02:19,440 --> 00:02:22,560 Speaker 3: overweight thing. It surpassed the investment banks price target. There 45 00:02:22,639 --> 00:02:26,560 Speaker 3: isn't much place to go from here. SEERWD down about 46 00:02:26,560 --> 00:02:29,520 Speaker 3: one and a half percent this morning. Nathan speaking of 47 00:02:29,720 --> 00:02:31,800 Speaker 3: the government at least us where Tesla left us. I 48 00:02:31,800 --> 00:02:34,320 Speaker 3: want to bring our person on pretention to Oracle this morning. 49 00:02:34,360 --> 00:02:38,080 Speaker 3: Oh RCL down about six tenths of one percent, trading 50 00:02:38,480 --> 00:02:41,480 Speaker 3: at two hundred and thirty five dollars a share. Double 51 00:02:41,480 --> 00:02:45,359 Speaker 3: whammy for the stock because we know Oracle is intertwined 52 00:02:45,400 --> 00:02:48,280 Speaker 3: with the TikTok offering. A lot of the cloud and 53 00:02:48,440 --> 00:02:51,480 Speaker 3: information that is stored from TikTok is stored on Oracle servers. 54 00:02:51,480 --> 00:02:53,960 Speaker 3: So when there is TikTok news, always keep an eye 55 00:02:54,280 --> 00:02:57,720 Speaker 3: on Oracle. So TikTok, the idea that Donald Trump is 56 00:02:57,720 --> 00:03:00,560 Speaker 3: saying we pretty much have a deal is weighing on 57 00:03:00,600 --> 00:03:02,880 Speaker 3: those Oracle shares as well, as is some news out 58 00:03:02,919 --> 00:03:05,480 Speaker 3: of the Wall Street Journal over the weekend headlines there 59 00:03:05,520 --> 00:03:07,880 Speaker 3: are saying that Oracle is giving the US government a 60 00:03:08,000 --> 00:03:11,720 Speaker 3: discount as much as seventy five percent on cloud and 61 00:03:11,880 --> 00:03:15,560 Speaker 3: on software. The street a little skeptical this morning, down 62 00:03:15,600 --> 00:03:17,799 Speaker 3: about six tens of one percent on Oracle. O r 63 00:03:18,320 --> 00:03:22,119 Speaker 3: CL is your ticker, Nathan, I should give a little positivity. 64 00:03:22,320 --> 00:03:24,120 Speaker 3: I think. I think it's all the time I do that. 65 00:03:24,240 --> 00:03:25,080 Speaker 2: Let's do it for you. 66 00:03:25,480 --> 00:03:30,280 Speaker 3: Autodesk is your biggest upside mover this morning. ADSK is 67 00:03:30,400 --> 00:03:32,880 Speaker 3: your ticker. Hire by about one percent this morning, trading 68 00:03:32,880 --> 00:03:35,280 Speaker 3: on one hundred and twenty dollars a share. It got 69 00:03:35,320 --> 00:03:37,320 Speaker 3: an upgrade and won and upgrade, I should say. DA 70 00:03:37,400 --> 00:03:40,520 Speaker 3: Davidson upgrading the stock, saying that it is a buy 71 00:03:41,080 --> 00:03:43,119 Speaker 3: on the growth to directory. They're setting the price target 72 00:03:43,160 --> 00:03:45,880 Speaker 3: to about three hundred and seventy five dollars a share, 73 00:03:46,160 --> 00:03:49,160 Speaker 3: applies about eighteen percent increase from here, saying that there 74 00:03:49,160 --> 00:03:52,200 Speaker 3: are substantial profit growth over the next few years, that 75 00:03:52,280 --> 00:03:55,200 Speaker 3: efficiencies are all over this company and that is a 76 00:03:55,200 --> 00:03:57,040 Speaker 3: good thing. It's going to power the stock higher. And 77 00:03:57,080 --> 00:03:59,800 Speaker 3: looks like Wall Street listening to DA Davidson this morning, 78 00:04:00,280 --> 00:04:04,680 Speaker 3: Hire by about one percent ticker ADSK. So what's going 79 00:04:04,680 --> 00:04:07,160 Speaker 3: on in the tech space, Meathan, what's going on in government? 80 00:04:07,400 --> 00:04:08,880 Speaker 3: And those are your movers this morning. 81 00:04:10,440 --> 00:04:14,760 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 82 00:04:14,800 --> 00:04:17,719 Speaker 2: throughout the day for the latest roundup of companies making 83 00:04:17,800 --> 00:04:21,400 Speaker 2: news on Wall Street and for the latest market moving headlines. 84 00:04:21,520 --> 00:04:25,480 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 85 00:04:25,520 --> 00:04:28,320 Speaker 2: dot com, and on Applecarplay and Android Auto with the 86 00:04:28,320 --> 00:04:29,719 Speaker 2: Bloomberg Business app.