Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 2: I'm Nathan Hager, joined by Bloomberg's Credit Gupta on a
Speaker 2: very busy earnings morning after a very busy earnings afternoon.
Speaker 1: Good morning Critty, Good morning Nathan. We got to start
Speaker 1: off with the tech earnings.
Speaker 3: Here we are in the kind of the heat of it,
Speaker 3: the eye of the storm, if you will. The biggest
Speaker 3: moves to the upside are coming from the likes of Alphabet.
Speaker 1: You got to keep a eye on those Class C shares.
Speaker 3: Goog is your ticker, treating out two hundred and ninety
Speaker 3: five dollars share higher by about seven point three percent
Speaker 3: this morning. Alphabet coming in with a very strong beat
Speaker 3: on their cloud unit, and.
Speaker 1: This is a very big deal.
Speaker 3: They are the number three player in a market that
Speaker 3: is very much domuminated by Microsoft's Asia business and Amazon
Speaker 3: Web services. So the fact that Alphabet is not only
Speaker 3: growing but gaining markets is kind of a double win.
Speaker 3: So the market really applauding that this morning two ninety
Speaker 3: five is where we are goog Hire by seven percent.
Speaker 1: It is not all well though.
Speaker 3: In the tech sector you are seeing some major moves
Speaker 3: to the downside. Meta, for example, was the big loser
Speaker 3: this morning. Investors are getting a little worried about that spend.
Speaker 3: We've been here before. We've seen Meta go all in
Speaker 3: on the likes of the metaverse and weren't fully able
Speaker 3: to execute it. There are worries now that we're seeing
Speaker 3: the same thing happen when it comes to their posturing
Speaker 3: around AI. M Eta is your ticker six hundred and
Speaker 3: eighty nine dollars a share, down about eight point three
Speaker 3: percent and dropping as we speak. Things not looking good
Speaker 3: there either. Also seeing some weakness this morning in Microsoft
Speaker 3: shares MSFT is your ticker five hundred and twenty nine
Speaker 3: dollars a share, down a just shy of three percent.
Speaker 3: It looks like they came out some pretty good numbers,
Speaker 3: but this is what happens when you have an A
Speaker 3: plus plus student. It looks like they just didn't deliver
Speaker 3: to the same extent that the street wanted to. So
Speaker 3: this morning down about two point three percent five twenty
Speaker 3: nine for MSFT.
Speaker 1: I want to take a step away.
Speaker 3: From the tech space because we are seeing quite a
Speaker 3: bit of earnings also weakness when it comes to those
Speaker 3: consumer names. So Chipotle is the one that's really getting
Speaker 3: beat this morning. They had their earnings after the bell yesterday,
Speaker 3: thirty two dollars a share for CMG. It looks like
Speaker 3: down get this, almost nineteen percent. They're really worried about
Speaker 3: getting their consumer in cutting their outlook for the third
Speaker 3: time this year, really talking about the pinch and the
Speaker 3: disposable income that a lot of Americans are facing. A
Speaker 3: different conversation when it comes to Starbucks SBUX. Is your
Speaker 3: ticker down about three percent trading just I have eighty
Speaker 3: two dollars a share.
Speaker 1: They've come back to the growth picture.
Speaker 3: They're saying strong international sales are helping push that market
Speaker 3: up and push those their bottom line higher. But that
Speaker 3: being said, it looks like there is still some weakness
Speaker 3: baked into those shares. So keep an eye on the
Speaker 3: consumer names Chipotle, Starbucks as well. Just because I'm on
Speaker 3: a roll with the with the downers here where it
Speaker 3: came out with their earnings this morning. M RK is
Speaker 3: your ticker chairs down three percent this morning? Eighty three
Speaker 3: dollars in change. They beat those revenue expectations, but they
Speaker 3: are pushing towards a new pivot when it comes to
Speaker 3: some of the new drugs in their portfolio, but the
Speaker 3: market not necessarily liking what they see. Nathan, I'm gonna
Speaker 3: end with some positivity if I can here Eli Lilly shares.
Speaker 1: They're excited about their new products.
Speaker 3: Hire by five and a half percent, Lly, boosting the
Speaker 3: revenue forecast and beating their s.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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