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

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Speaker 2: The Stock Movers podcast, 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: Let's take a look at some stocks on the move today.

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Speaker 1: Red Brown is Bloomberg News earnings reporter, joining us right

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Speaker 1: here in studio. Easy to find decliners easier than it

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Speaker 1: was to find gainers. But let's talk about defense stocks.

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Speaker 4: Let's do it.

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Speaker 5: Yeah, I mean, like you said, I was really struggling

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Speaker 5: to find a winner today, but Northrope, Locking Martin two

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Speaker 5: of those kind of select few that were up today.

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Speaker 5: Northrop actually up fifteen percent this year, So it just

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Speaker 5: kind of worked, calling out that this whole industry is

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Speaker 5: still performing quite well.

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Speaker 4: So kind of a lot.

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Speaker 5: Of things in their favor between We talked about this

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Speaker 5: a little bit last week. One trillion dollar defense budget

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Speaker 5: that's being floated around. And I also think it's worth

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Speaker 5: calling out that the worst s fheares around doge cuts,

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Speaker 5: really haven't come to fruition quite yet within this industry.

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Speaker 5: So again another thing just kind of letting these stocks

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Speaker 5: on coil a little bit. So yeah, just kind of

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Speaker 5: positives to to keep in mind for the defense company.

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Speaker 1: Was it Morgan Stanley that did an upgrade, right of

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Speaker 1: those US defense hears today exactly?

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Speaker 5: Yep, they made they they upgraded their view for the

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Speaker 5: industry as well. And I think they're calling out a

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Speaker 5: lot of really important and interesting things. And you know,

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Speaker 5: if we think about all the things that are going

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Speaker 5: bad for the industry, none of those really applied to

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Speaker 5: the defense companies, right, they're insulated from tariffs peak on

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Speaker 5: the supply side, it's in the nature of this company,

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Speaker 5: these companies that they have domestic supply chains, right, just

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Speaker 5: national security, we need everything to be made on US chores.

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Speaker 4: And then also think about who their customers are.

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Speaker 5: Not necessarily like you or me or anything that we

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Speaker 5: need to worry about a consumer not being able to

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Speaker 5: saw Tim.

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Speaker 1: Take a delivery on a missile the other day. Excuse me, Yeah, sorry,

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Speaker 1: I was not to talk abound literally.

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Speaker 3: On the missile.

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Speaker 4: Yeah you can get maybe you'll get to work on tom.

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Speaker 4: I'm going on a missile.

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Speaker 3: Exactly, thank you.

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Speaker 6: Okay, Well, speaking of deliveries, yes, let's talk about trucking

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Speaker 6: and what happened with JB.

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Speaker 3: Hunt today.

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Speaker 5: Yeah, they had their worst day since Liberation Day. Actually,

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Speaker 5: so it was the worst performing stock in s and

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Speaker 5: P five hundred liberated from value. It sounds like it

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Speaker 5: liberated from from Yeah, business is going well, so they're

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Speaker 5: they're one of those companies that if you had to

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Speaker 5: pick a group that would do bad in a you know,

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Speaker 5: a situation where tariffs are permanent, semi permanent, what have you.

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Speaker 5: They're among those very high list of companies.

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Speaker 4: They're sure you a.

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Speaker 3: List of companies.

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Speaker 6: They bring things to people, and there are fewer things,

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Speaker 6: and they're more expensive.

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Speaker 3: It's an issue.

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Speaker 5: It doesn't take any of us geniuses here, I guess

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Speaker 5: to tell people.

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Speaker 3: That it's we geniuses.

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Speaker 1: Who is it hot? All right, So that one got

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Speaker 1: beaten up. I mean I love the transportation space. But yeah, right,

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Speaker 1: like a great macro indicator.

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Speaker 5: Definitely, And I think just to kind of put a

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Speaker 5: number on on how this is affecting companies day to days, Yeah,

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Speaker 5: JB Hunt slash their capex expectations by two hundred million dollars,

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Speaker 5: so like already quickly moving to find some ways in

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Speaker 5: which they can maybe save some money. That might mean

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Speaker 5: we're not buying new trucks, We're just repairing the trucks

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Speaker 5: that we have. But they're really doing, you know, real

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Speaker 5: immediate action to conserve cash where they can.

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Speaker 4: Well, just perspective on that.

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Speaker 1: So they now expect net capital expenditures for the full

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Speaker 1: year between five hundred and seven hundred million. Their prior

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Speaker 1: view was a seven hundred to nine hundred So that

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Speaker 1: two hundred million dollar haircut. That's pretty big deal.

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Speaker 5: Quite yeah, really quite quite a bit from what they

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Speaker 5: were I think around twenty five percent or something along

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Speaker 5: those lines.

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Speaker 1: So you look kind of mad men, So why don't

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Speaker 1: you bring in this next one?

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Speaker 6: Okay, they do everything when it comes to communication, they

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Speaker 6: do advertising, they do pr what's going on?

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Speaker 5: Well, yes, they do all those things. And I mean

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Speaker 5: even that diversity of their portfolio, I guess wasn't enough

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Speaker 5: to really convince investors that they're earning which came in,

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Speaker 5: you know, kind of in line with what they were expecting. Yeah,

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Speaker 5: just wasn't enough to kind of convince people.

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Speaker 3: Can we do an honorable mention? Red?

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Speaker 4: Yes, you're you going to do it?

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Speaker 3: Doing it go hurts?

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Speaker 4: How could you not read? Oh no, I don't know

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Speaker 4: if I'm prepared stock.

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Speaker 6: You don't need to be prepared. You don't need to

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Speaker 6: be prepared. This is the biggest gain ever.

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Speaker 5: Crazy.

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Speaker 6: It happened late in the session. It was one of

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Speaker 6: Carol's gainers. How did you find out about that gainer?

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Speaker 3: This morning? I was like, Carol, you gotta do it.

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Speaker 1: We're smart. Co host said, Carol, you got to do

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Speaker 1: one of you got to do hurts for your gainers.

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Speaker 6: Shares jumped fifty six percent at the close of New

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Speaker 6: York trading and continue to gain in the post market. Yeah,

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Speaker 6: market session seeing a seventy eight percent higher as we speak.

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Speaker 4: It's crazy.

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Speaker 6: We're recording this at just before five o'clock on Wednesday,

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Speaker 6: So mister Ackman, right, mister Ackman, Yeah, that's right.

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Speaker 2: Uh.

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Speaker 6: Pershing Square Capital Management has a mass date position of

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Speaker 6: almost twenty percent in the car Rental Company. Read this

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Speaker 6: stock had fallen forty seven percent over the last one months.

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Speaker 4: Incredible and now they're they're back.

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Speaker 3: They're back. Maybe we'll see what happens.

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Speaker 1: It's still your thunder.

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Speaker 3: That's short.

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Speaker 6: It's earning season, so we are going to be seeing

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Speaker 6: a lot of you.

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Speaker 4: That's right.

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Speaker 3: What are you excited about for this week?

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Speaker 4: I'm excited about Tesla next week.

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Speaker 3: Okay, I'm excited about Netflix tomorrow.

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Speaker 5: Okay, well, you know, Tesla, I feel is always kind

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Speaker 5: of my favorite earnings report of every quarter. So the

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Speaker 5: gift that keeps on giving.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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

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