Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritti Gupta. We have
Speaker 1: to start with the biggest downside mover this morning, and
Speaker 1: that would be Tesla as Elon Musk dips back into politics.
Speaker 3: Good morning, Critty, Good morning Nathan. Yeah, Tesla shares not
Speaker 3: having it this morning, down about six point six percent.
Speaker 3: PSLA is your ticker, trading at about two hundred and
Speaker 3: ninety four dollars a share. Now, this is, of course,
Speaker 3: as you say, comes from its political move. We know
Speaker 3: we've seen this movie before. The idea that Elon Musk
Speaker 3: really pursuing anything outside of his own businesses, outside of
Speaker 3: his own empire, that brings about the concern of how
Speaker 3: much of his leadership and how much of his attention
Speaker 3: is really reserved for Tesla itself is macro implication, given
Speaker 3: that Tesla shares makeup about six percent of the S
Speaker 3: and P five hundred. Nevertheless, the idea of a new
Speaker 3: political party not getting a ton of support from Wall Street.
Speaker 3: There's a lot of concern here that's going to draw
Speaker 3: further backlash from Donald Trump, in addition to pulling focus
Speaker 3: from not only Tesla but also their Rowbot taxi rollout. Nevertheless,
Speaker 3: Nathan is your biggest downside mover this morning, your biggest
Speaker 3: volume mover. I should add as well, down about six
Speaker 3: point six percent and dropping as I speak, Tsla trading
Speaker 3: at about two hundred and ninety four dollars a share.
Speaker 3: I should just mention very quickly that I did a
Speaker 3: quick check on the analyst recommendations for Tesla. There are
Speaker 3: still plenty of people forecasting a street high of his
Speaker 3: high as five hundred dollars a share. Our friend Dan,
Speaker 3: i'ves o roweb Bush so bullish on the stock, but
Speaker 3: keep an eye on that one. As I say, Tesla
Speaker 3: shares are taking a little bit of a beating this morning,
Speaker 3: as are a couple of other stocks, Nathan, this is
Speaker 3: a morning where a lot of the analyst community is
Speaker 3: starting to cut some of their calls. Here. CrowdStrike catching
Speaker 3: my attention. CRWD is the ticker. This is, of course,
Speaker 3: the major cybersecurity company, down about one and a half percent,
Speaker 3: trading at about five hundred and six dollars a share.
Speaker 3: Looks like Piper Sandler is cutting their price target. They're
Speaker 3: saying there's limited upside for crab Strike holdings and then
Speaker 3: also cutting the software company to a neutral from an
Speaker 3: overweight thing. It surpassed the investment banks price target. There
Speaker 3: isn't much place to go from here. SEERWD down about
Speaker 3: one and a half percent this morning. Nathan speaking of
Speaker 3: the government at least us where Tesla left us. I
Speaker 3: want to bring our person on pretention to Oracle this morning.
Speaker 3: Oh RCL down about six tenths of one percent, trading
Speaker 3: at two hundred and thirty five dollars a share. Double
Speaker 3: whammy for the stock because we know Oracle is intertwined
Speaker 3: with the TikTok offering. A lot of the cloud and
Speaker 3: information that is stored from TikTok is stored on Oracle servers.
Speaker 3: So when there is TikTok news, always keep an eye
Speaker 3: on Oracle. So TikTok, the idea that Donald Trump is
Speaker 3: saying we pretty much have a deal is weighing on
Speaker 3: those Oracle shares as well, as is some news out
Speaker 3: of the Wall Street Journal over the weekend headlines there
Speaker 3: are saying that Oracle is giving the US government a
Speaker 3: discount as much as seventy five percent on cloud and
Speaker 3: on software. The street a little skeptical this morning, down
Speaker 3: about six tens of one percent on Oracle. O r
Speaker 3: CL is your ticker, Nathan, I should give a little positivity.
Speaker 3: I think. I think it's all the time I do that.
Speaker 2: Let's do it for you.
Speaker 3: Autodesk is your biggest upside mover this morning. ADSK is
Speaker 3: your ticker. Hire by about one percent this morning, trading
Speaker 3: on one hundred and twenty dollars a share. It got
Speaker 3: an upgrade and won and upgrade, I should say. DA
Speaker 3: Davidson upgrading the stock, saying that it is a buy
Speaker 3: on the growth to directory. They're setting the price target
Speaker 3: to about three hundred and seventy five dollars a share,
Speaker 3: applies about eighteen percent increase from here, saying that there
Speaker 3: are substantial profit growth over the next few years, that
Speaker 3: efficiencies are all over this company and that is a
Speaker 3: good thing. It's going to power the stock higher. And
Speaker 3: looks like Wall Street listening to DA Davidson this morning,
Speaker 3: Hire by about one percent ticker ADSK. So what's going
Speaker 3: on in the tech space, Meathan, what's going on in government?
Speaker 3: And those are your movers this morning.
Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 2: dot com, and on Applecarplay and Android Auto with the
Speaker 2: Bloomberg Business app.