WEBVTT - Tesla Falls, CrowdStrike Slides, Oracle Jumps

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Kritti Gupta. We have

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<v Speaker 1>to start with the biggest downside mover this morning, and

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<v Speaker 1>that would be Tesla as Elon Musk dips back into politics.

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<v Speaker 3>Good morning, Critty, Good morning Nathan. Yeah, Tesla shares not

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<v Speaker 3>having it this morning, down about six point six percent.

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<v Speaker 3>PSLA is your ticker, trading at about two hundred and

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<v Speaker 3>ninety four dollars a share. Now, this is, of course,

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<v Speaker 3>as you say, comes from its political move. We know

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<v Speaker 3>we've seen this movie before. The idea that Elon Musk

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<v Speaker 3>really pursuing anything outside of his own businesses, outside of

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<v Speaker 3>his own empire, that brings about the concern of how

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<v Speaker 3>much of his leadership and how much of his attention

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<v Speaker 3>is really reserved for Tesla itself is macro implication, given

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<v Speaker 3>that Tesla shares makeup about six percent of the S

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<v Speaker 3>and P five hundred. Nevertheless, the idea of a new

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<v Speaker 3>political party not getting a ton of support from Wall Street.

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<v Speaker 3>There's a lot of concern here that's going to draw

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<v Speaker 3>further backlash from Donald Trump, in addition to pulling focus

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<v Speaker 3>from not only Tesla but also their Rowbot taxi rollout. Nevertheless,

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<v Speaker 3>Nathan is your biggest downside mover this morning, your biggest

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<v Speaker 3>volume mover. I should add as well, down about six

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<v Speaker 3>point six percent and dropping as I speak, Tsla trading

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<v Speaker 3>at about two hundred and ninety four dollars a share.

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<v Speaker 3>I should just mention very quickly that I did a

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<v Speaker 3>quick check on the analyst recommendations for Tesla. There are

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<v Speaker 3>still plenty of people forecasting a street high of his

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<v Speaker 3>high as five hundred dollars a share. Our friend Dan,

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<v Speaker 3>i'ves o roweb Bush so bullish on the stock, but

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<v Speaker 3>keep an eye on that one. As I say, Tesla

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<v Speaker 3>shares are taking a little bit of a beating this morning,

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<v Speaker 3>as are a couple of other stocks, Nathan, this is

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<v Speaker 3>a morning where a lot of the analyst community is

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<v Speaker 3>starting to cut some of their calls. Here. CrowdStrike catching

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<v Speaker 3>my attention. CRWD is the ticker. This is, of course,

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<v Speaker 3>the major cybersecurity company, down about one and a half percent,

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<v Speaker 3>trading at about five hundred and six dollars a share.

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<v Speaker 3>Looks like Piper Sandler is cutting their price target. They're

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<v Speaker 3>saying there's limited upside for crab Strike holdings and then

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<v Speaker 3>also cutting the software company to a neutral from an

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<v Speaker 3>overweight thing. It surpassed the investment banks price target. There

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<v Speaker 3>isn't much place to go from here. SEERWD down about

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<v Speaker 3>one and a half percent this morning. Nathan speaking of

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<v Speaker 3>the government at least us where Tesla left us. I

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<v Speaker 3>want to bring our person on pretention to Oracle this morning.

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<v Speaker 3>Oh RCL down about six tenths of one percent, trading

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<v Speaker 3>at two hundred and thirty five dollars a share. Double

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<v Speaker 3>whammy for the stock because we know Oracle is intertwined

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<v Speaker 3>with the TikTok offering. A lot of the cloud and

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<v Speaker 3>information that is stored from TikTok is stored on Oracle servers.

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<v Speaker 3>So when there is TikTok news, always keep an eye

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<v Speaker 3>on Oracle. So TikTok, the idea that Donald Trump is

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<v Speaker 3>saying we pretty much have a deal is weighing on

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<v Speaker 3>those Oracle shares as well, as is some news out

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<v Speaker 3>of the Wall Street Journal over the weekend headlines there

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<v Speaker 3>are saying that Oracle is giving the US government a

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<v Speaker 3>discount as much as seventy five percent on cloud and

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<v Speaker 3>on software. The street a little skeptical this morning, down

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<v Speaker 3>about six tens of one percent on Oracle. O r

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<v Speaker 3>CL is your ticker, Nathan, I should give a little positivity.

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<v Speaker 3>I think. I think it's all the time I do that.

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<v Speaker 2>Let's do it for you.

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<v Speaker 3>Autodesk is your biggest upside mover this morning. ADSK is

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<v Speaker 3>your ticker. Hire by about one percent this morning, trading

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<v Speaker 3>on one hundred and twenty dollars a share. It got

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<v Speaker 3>an upgrade and won and upgrade, I should say. DA

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<v Speaker 3>Davidson upgrading the stock, saying that it is a buy

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<v Speaker 3>on the growth to directory. They're setting the price target

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<v Speaker 3>to about three hundred and seventy five dollars a share,

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<v Speaker 3>applies about eighteen percent increase from here, saying that there

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<v Speaker 3>are substantial profit growth over the next few years, that

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<v Speaker 3>efficiencies are all over this company and that is a

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<v Speaker 3>good thing. It's going to power the stock higher. And

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<v Speaker 3>looks like Wall Street listening to DA Davidson this morning,

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<v Speaker 3>Hire by about one percent ticker ADSK. So what's going

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<v Speaker 3>on in the tech space, Meathan, what's going on in government?

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<v Speaker 3>And those are your movers this morning.

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<v Speaker 2>The Stockmovers podcast from Bloomberg Radio. Check back with us

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