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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers report your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg data.

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Speaker 3: See what some of the stocks are on the move today.

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Speaker 3: We can do that with Avalon Purnell Color coordinated Avalon

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Speaker 3: Purnell Equities reporter for Bloomberg News. Avlon What do you

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Speaker 3: got for?

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Speaker 1: We have to start off with Apple, that's ticker AAPL,

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Speaker 1: currently dropping about nine point two percent most inter day

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Speaker 1: since last April. And while Apple did report third quarter

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Speaker 1: results that largely surpassed expectations, bears are largely focused on

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Speaker 1: the missus, mainly Apple services and also China based revenue,

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Speaker 1: which fell short of expectations. It also forecasts revenue growth

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Speaker 1: that was a little bit weaker than expected. Part of

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Speaker 1: this is all coming from softer mobile gaming trends and

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Speaker 1: also meaningful pressure from the memory crunch. If you remember

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Speaker 1: just last month, supply chain shortages and also really fast

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Speaker 1: rising memory costs forced Apple to raise prices on MacBooks

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Speaker 1: and iPads. Vital Knowledge writing earlier that the results are

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Speaker 1: underwhelming given the weakness and no segments, especially since services

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Speaker 1: account for so much of Apple's premium pe.

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Speaker 2: You know.

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Speaker 1: But Apple has a way of turning those shortages into

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Speaker 1: a good thing, because people lining up to buy the

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Speaker 1: stuff is always like signaling to everyone else.

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Speaker 3: Must have, must have. And if you're a hedge fund

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Speaker 3: manager and this is your core position, you're buying stock today,

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Speaker 3: and that's on a separate.

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Speaker 2: P and L.

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Speaker 3: That's like where I worked. Portfolio manager had the pl

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Speaker 3: for the main position, the trader had a separate P

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Speaker 3: and L to trade around it. I got a little cheap,

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Speaker 3: I buy a little bit more, got a little bit

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Speaker 3: above where you guys thought it should be near turn

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Speaker 3: you sell it and you make you take a big

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Speaker 3: cut of that.

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Speaker 1: So you keep adjusting that position, all right. Next up

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Speaker 1: Evlon Amazon another Max seven that's ticker AMZN, currently soaring

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Speaker 1: about fourteen percent most interday since twenty twenty two, and

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Speaker 1: that's after the company reported its fifth straight quarter of

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Speaker 1: cloud computing revenue acceleration. The second quarter results are definitely

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Speaker 1: easing some investors' concerns about how much Amazon is spending

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Speaker 1: to meet that increasing demand for AI. Morgan Stanley writing

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Speaker 1: that AWS delivered accelerating growth, surging profitability, and a better

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Speaker 1: backlog to give the market even more confidence moving forward

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Speaker 1: in the return on investment cost ahead height one more

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Speaker 1: last one is Replemoon. That's ticker ripl have to bring

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Speaker 1: in a biotech. It is currently surging ninety one percent,

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Speaker 1: most injur day since October, and that's after an advisory

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Speaker 1: panel at the FDA voted to support the drug last night.

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Speaker 1: The positive outcome already spurring upgrades at Canter and also

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Speaker 1: Piper Sandler, which note that the positive vote materially increases

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Speaker 1: the likelihood that the FDA may actually reverse its previous

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Speaker 1: rejection of their skin cancer drug. It really has been

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Speaker 1: a rollercoaster ride for the stock this week, though earlier

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Speaker 1: it sank more than thirty percent after the FDA released

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Speaker 1: briefing documents that showed an uphill battle for the drug,

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Speaker 1: and now after this the FDA's decision, which could come

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Speaker 1: as soon as later today, some analysts a could actually

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Speaker 1: end up being positive.

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Speaker 2: The stock mover's report from blue Burg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live. Catch us

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Speaker 2: on YouTube Bloomberg Dot com and on Applecarplay and Android

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Speaker 2: Auto with the Bloomberg Business App.