WEBVTT - SpaceX Falls, Eli Lilly Jumps, Davita Slides as US Dialysis Revenue Misses Estimates

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

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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

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<v Speaker 2>we've factoring on the screen all those stocks are off

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<v Speaker 2>their highs but still holding on some gains.

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<v Speaker 1>To take a look at some of the stocks on

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<v Speaker 1>the move today, and we can do that with that

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<v Speaker 1>line for now Equities reporter for Bloomberg News joining us

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<v Speaker 1>live here in studio alone. What are you looking at?

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<v Speaker 3>We have to start off with spacexets ticker SPCX. It's

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<v Speaker 3>currently falling about eight point two percent, most since July first,

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<v Speaker 3>and that' stuffed a company's first earnings release left investors

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<v Speaker 3>wanting a little bit more. At issue was higher than

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<v Speaker 3>expected spending in the company's AI unit, which really weighed

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<v Speaker 3>on cash flow. Capex stored to nearly twenty nine billion

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<v Speaker 3>dollars in the first half of this year, which is

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<v Speaker 3>more than four times at spending just a year earlier.

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<v Speaker 3>Oppenheimer highlighting that the capex levels are a major concern

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<v Speaker 3>for investors, especially considering that SpaceX will need more than

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<v Speaker 3>four hundred billion dollars in funding to hit break even.

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<v Speaker 3>Piper Sandler, also adding that the lock up expiration is

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<v Speaker 3>also contributing to stock weakness today, so we'll definitely be

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<v Speaker 3>keeping an eye on it tomorrow as those one hundred

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<v Speaker 3>and one billion dollars worth of shares become available for

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<v Speaker 3>trading tomorrow.

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<v Speaker 1>Yeah, definitely another headwind for this stock that remain as

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<v Speaker 1>well below the one thirty five IPO price. All right,

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<v Speaker 1>let's stick with the earning season theme. Yes, Eli Lilly.

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<v Speaker 3>That's ticker LLY. It was up nearly nine percent earlier

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<v Speaker 3>but now only up about two point two percent. That's

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<v Speaker 3>after the firm's better than expected second quarter results led

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<v Speaker 3>to a boost in twenty twenty six sales guidance BMO,

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<v Speaker 3>highlighting that Lily again raised the bar with another beat

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<v Speaker 3>and raised quarter, also noting that the relatively inline quarter

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<v Speaker 3>for Lily's weight loss pill FOUNDEO is also likely sufficient

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<v Speaker 3>given declining expectations for the drug Worf, noting that these

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<v Speaker 3>results are definitely going to suage some fears from investors

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<v Speaker 3>at the obest drug boom is starting to slow down,

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<v Speaker 3>especially after their rival Novo Nordis reported a little bit

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<v Speaker 3>softer will go be pill sales?

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<v Speaker 1>Last one here I don't know. DaVita Davida.

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<v Speaker 3>Yes, DaVita is definitely something that we will also be

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<v Speaker 3>talking about. That's tickert DVA. It fell nearly nineteen percent

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<v Speaker 3>today and that's partially because their US dialysis revenue missed estimates.

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<v Speaker 3>Part of that is definitely because of their treatment center growth.

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<v Speaker 3>Barclay is actually pointing out that while they have made

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<v Speaker 3>a lot of progress on treatment growth, the US dialysis

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<v Speaker 3>ebit continues to fall short, and that's definitely ahead when

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<v Speaker 3>that people will be watching. Also worth noting that the

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<v Speaker 3>firm reaffirmed it is for your guidance, with the midpoint

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<v Speaker 3>of that guidance now falling below Wall Street's expectations as well.

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<v Speaker 1>All right, Avalon, thank you so much for that wrap

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<v Speaker 1>up of Stocks on the Move.

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