1 00:00:02,520 --> 00:00:07,360 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 00:00:16,480 --> 00:00:18,239 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,280 --> 00:00:21,560 Speaker 2: I'm Nathan Hager, joined by Bloomberg's Credit Gupta on a 6 00:00:21,840 --> 00:00:25,520 Speaker 2: very busy earnings morning after a very busy earnings afternoon. 7 00:00:25,560 --> 00:00:27,920 Speaker 1: Good morning Critty, Good morning Nathan. We got to start 8 00:00:27,960 --> 00:00:28,880 Speaker 1: off with the tech earnings. 9 00:00:28,880 --> 00:00:31,639 Speaker 3: Here we are in the kind of the heat of it, 10 00:00:31,680 --> 00:00:33,320 Speaker 3: the eye of the storm, if you will. The biggest 11 00:00:33,360 --> 00:00:36,239 Speaker 3: moves to the upside are coming from the likes of Alphabet. 12 00:00:36,240 --> 00:00:37,960 Speaker 1: You got to keep a eye on those Class C shares. 13 00:00:38,000 --> 00:00:40,960 Speaker 3: Goog is your ticker, treating out two hundred and ninety 14 00:00:40,960 --> 00:00:43,720 Speaker 3: five dollars share higher by about seven point three percent 15 00:00:43,800 --> 00:00:47,360 Speaker 3: this morning. Alphabet coming in with a very strong beat 16 00:00:47,400 --> 00:00:48,559 Speaker 3: on their cloud unit, and. 17 00:00:48,479 --> 00:00:49,400 Speaker 1: This is a very big deal. 18 00:00:49,400 --> 00:00:52,360 Speaker 3: They are the number three player in a market that 19 00:00:52,440 --> 00:00:55,960 Speaker 3: is very much domuminated by Microsoft's Asia business and Amazon 20 00:00:55,960 --> 00:00:58,560 Speaker 3: Web services. So the fact that Alphabet is not only 21 00:00:58,720 --> 00:01:02,000 Speaker 3: growing but gaining markets is kind of a double win. 22 00:01:02,160 --> 00:01:05,119 Speaker 3: So the market really applauding that this morning two ninety 23 00:01:05,160 --> 00:01:08,520 Speaker 3: five is where we are goog Hire by seven percent. 24 00:01:09,280 --> 00:01:10,720 Speaker 1: It is not all well though. 25 00:01:10,760 --> 00:01:13,080 Speaker 3: In the tech sector you are seeing some major moves 26 00:01:13,080 --> 00:01:16,000 Speaker 3: to the downside. Meta, for example, was the big loser 27 00:01:16,080 --> 00:01:19,520 Speaker 3: this morning. Investors are getting a little worried about that spend. 28 00:01:19,520 --> 00:01:22,360 Speaker 3: We've been here before. We've seen Meta go all in 29 00:01:22,560 --> 00:01:25,120 Speaker 3: on the likes of the metaverse and weren't fully able 30 00:01:25,160 --> 00:01:27,119 Speaker 3: to execute it. There are worries now that we're seeing 31 00:01:27,120 --> 00:01:30,000 Speaker 3: the same thing happen when it comes to their posturing 32 00:01:30,000 --> 00:01:32,880 Speaker 3: around AI. M Eta is your ticker six hundred and 33 00:01:32,880 --> 00:01:35,280 Speaker 3: eighty nine dollars a share, down about eight point three 34 00:01:35,280 --> 00:01:38,600 Speaker 3: percent and dropping as we speak. Things not looking good 35 00:01:38,640 --> 00:01:42,640 Speaker 3: there either. Also seeing some weakness this morning in Microsoft 36 00:01:42,640 --> 00:01:46,160 Speaker 3: shares MSFT is your ticker five hundred and twenty nine 37 00:01:46,200 --> 00:01:50,000 Speaker 3: dollars a share, down a just shy of three percent. 38 00:01:50,200 --> 00:01:52,160 Speaker 3: It looks like they came out some pretty good numbers, 39 00:01:52,160 --> 00:01:53,920 Speaker 3: but this is what happens when you have an A 40 00:01:54,040 --> 00:01:56,920 Speaker 3: plus plus student. It looks like they just didn't deliver 41 00:01:57,040 --> 00:01:59,000 Speaker 3: to the same extent that the street wanted to. So 42 00:01:59,080 --> 00:02:01,440 Speaker 3: this morning down about two point three percent five twenty 43 00:02:01,560 --> 00:02:03,040 Speaker 3: nine for MSFT. 44 00:02:03,200 --> 00:02:04,640 Speaker 1: I want to take a step away. 45 00:02:04,400 --> 00:02:06,320 Speaker 3: From the tech space because we are seeing quite a 46 00:02:06,320 --> 00:02:08,720 Speaker 3: bit of earnings also weakness when it comes to those 47 00:02:08,760 --> 00:02:11,040 Speaker 3: consumer names. So Chipotle is the one that's really getting 48 00:02:11,080 --> 00:02:14,200 Speaker 3: beat this morning. They had their earnings after the bell yesterday, 49 00:02:14,200 --> 00:02:17,520 Speaker 3: thirty two dollars a share for CMG. It looks like 50 00:02:17,600 --> 00:02:21,400 Speaker 3: down get this, almost nineteen percent. They're really worried about 51 00:02:21,400 --> 00:02:24,000 Speaker 3: getting their consumer in cutting their outlook for the third 52 00:02:24,080 --> 00:02:26,840 Speaker 3: time this year, really talking about the pinch and the 53 00:02:26,880 --> 00:02:30,360 Speaker 3: disposable income that a lot of Americans are facing. A 54 00:02:30,440 --> 00:02:33,760 Speaker 3: different conversation when it comes to Starbucks SBUX. Is your 55 00:02:33,800 --> 00:02:36,519 Speaker 3: ticker down about three percent trading just I have eighty 56 00:02:36,520 --> 00:02:37,480 Speaker 3: two dollars a share. 57 00:02:37,760 --> 00:02:39,239 Speaker 1: They've come back to the growth picture. 58 00:02:39,280 --> 00:02:42,960 Speaker 3: They're saying strong international sales are helping push that market 59 00:02:43,040 --> 00:02:45,520 Speaker 3: up and push those their bottom line higher. But that 60 00:02:45,600 --> 00:02:47,280 Speaker 3: being said, it looks like there is still some weakness 61 00:02:47,280 --> 00:02:48,760 Speaker 3: baked into those shares. So keep an eye on the 62 00:02:48,760 --> 00:02:52,880 Speaker 3: consumer names Chipotle, Starbucks as well. Just because I'm on 63 00:02:52,880 --> 00:02:55,000 Speaker 3: a roll with the with the downers here where it 64 00:02:55,120 --> 00:02:58,800 Speaker 3: came out with their earnings this morning. M RK is 65 00:02:58,840 --> 00:03:01,600 Speaker 3: your ticker chairs down three percent this morning? Eighty three 66 00:03:01,639 --> 00:03:05,000 Speaker 3: dollars in change. They beat those revenue expectations, but they 67 00:03:05,040 --> 00:03:07,280 Speaker 3: are pushing towards a new pivot when it comes to 68 00:03:07,280 --> 00:03:09,240 Speaker 3: some of the new drugs in their portfolio, but the 69 00:03:09,280 --> 00:03:13,399 Speaker 3: market not necessarily liking what they see. Nathan, I'm gonna 70 00:03:13,440 --> 00:03:16,440 Speaker 3: end with some positivity if I can here Eli Lilly shares. 71 00:03:16,480 --> 00:03:18,640 Speaker 1: They're excited about their new products. 72 00:03:18,720 --> 00:03:21,639 Speaker 3: Hire by five and a half percent, Lly, boosting the 73 00:03:21,720 --> 00:03:23,840 Speaker 3: revenue forecast and beating their s. 74 00:03:25,160 --> 00:03:29,160 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 75 00:03:29,240 --> 00:03:31,840 Speaker 2: us throughout the day for the latest roundup of companies 76 00:03:31,919 --> 00:03:35,000 Speaker 2: making news on Wall Street and for the latest market 77 00:03:35,040 --> 00:03:39,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 78 00:03:39,600 --> 00:03:43,080 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 79 00:03:43,160 --> 00:03:44,640 Speaker 2: the Bloomberg Business app.