1 00:00:02,520 --> 00:00:07,000 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 00:00:17,440 --> 00:00:20,079 Speaker 1: I'm Tim Statovac along with Carol Master. Let's take a 5 00:00:20,120 --> 00:00:21,799 Speaker 1: look at some stocks on the move today. With us 6 00:00:21,840 --> 00:00:26,439 Speaker 1: is Bloomberg Television Markets correspondent Nora, Melinda Nora. You are 7 00:00:26,520 --> 00:00:30,319 Speaker 1: Bloomberg TV Markets correspondent. But in a previous life you 8 00:00:30,440 --> 00:00:34,400 Speaker 1: followed homebuilders very closely. Still follow Okay, you still follow. 9 00:00:34,400 --> 00:00:36,640 Speaker 3: You can't get away, can't get away from real estate 10 00:00:36,720 --> 00:00:39,959 Speaker 3: stocks at this point, but looking at shares of homebuilders 11 00:00:40,000 --> 00:00:41,839 Speaker 3: not a great day. I'm looking at S one to 12 00:00:41,880 --> 00:00:45,080 Speaker 3: five home that's an index right now down about four 13 00:00:45,120 --> 00:00:48,239 Speaker 3: point four percent in trading. This is really after Evercore 14 00:00:48,320 --> 00:00:51,000 Speaker 3: analysts came in. They downgraded a lot of the stocks 15 00:00:51,000 --> 00:00:53,800 Speaker 3: in the industry. Dr Horn, Toll Brothers. They do more 16 00:00:53,880 --> 00:00:57,440 Speaker 3: the luxury end of things, KB Home, they cater to 17 00:00:57,480 --> 00:01:00,320 Speaker 3: a lot of the entry level buyers. But the essentially 18 00:01:00,360 --> 00:01:03,360 Speaker 3: cutting them, downgrading them to inline from outperform. And this 19 00:01:03,480 --> 00:01:06,720 Speaker 3: is based off of of course high rates has anticipated. 20 00:01:07,040 --> 00:01:09,479 Speaker 3: Not too much more to the story there, apart from 21 00:01:09,480 --> 00:01:11,200 Speaker 3: the fact that they're saying that there are seeing a 22 00:01:11,240 --> 00:01:14,160 Speaker 3: lot of sluggish demand right now. It's really just underscoring 23 00:01:14,200 --> 00:01:16,160 Speaker 3: the story that we've been talking about for months on 24 00:01:16,280 --> 00:01:19,280 Speaker 3: end at this point where there's not necessarily a scarcity 25 00:01:19,280 --> 00:01:22,000 Speaker 3: of supply here, but it's more or less the idea 26 00:01:22,080 --> 00:01:24,440 Speaker 3: that there is demand that's really weak, especially as a 27 00:01:24,480 --> 00:01:27,280 Speaker 3: lot of consumers are grappling with a lot of constraints 28 00:01:27,360 --> 00:01:27,759 Speaker 3: right now. 29 00:01:28,080 --> 00:01:29,959 Speaker 4: Yeah. Remember I said to you though I had like 30 00:01:30,319 --> 00:01:31,680 Speaker 4: three or four house. 31 00:01:31,560 --> 00:01:34,240 Speaker 1: I was shocked to hear you say in my neighborhood. 32 00:01:33,680 --> 00:01:38,000 Speaker 4: And there's actually one, two, maybe three on my street. 33 00:01:38,120 --> 00:01:39,480 Speaker 1: Wow, that's really surprising. 34 00:01:39,600 --> 00:01:41,840 Speaker 4: Is there another piece of property that someone's bought and 35 00:01:41,880 --> 00:01:43,520 Speaker 4: they're totally gutting and reached out? 36 00:01:43,560 --> 00:01:46,520 Speaker 1: So how long? How long is have these homes been 37 00:01:46,560 --> 00:01:48,040 Speaker 1: on the market? Are moving? 38 00:01:48,200 --> 00:01:49,920 Speaker 4: One has been there for a while. 39 00:01:50,120 --> 00:01:52,160 Speaker 1: So they need to lower the price. 40 00:01:52,200 --> 00:01:54,440 Speaker 4: He went up like late spring, early summer, so it's 41 00:01:54,440 --> 00:01:55,040 Speaker 4: been sitting there. 42 00:01:55,280 --> 00:01:55,480 Speaker 3: Yeah. 43 00:01:55,520 --> 00:01:57,440 Speaker 1: See there's a little bit of inventory in your neighborhood. 44 00:01:57,920 --> 00:02:03,240 Speaker 3: Okay, these are previously used homes in our neighborhood. Way, Yeah, 45 00:02:03,320 --> 00:02:06,440 Speaker 3: so these new ones existing home they're high, they are high. 46 00:02:06,440 --> 00:02:08,960 Speaker 4: They are high. Let's talk about a stock that you 47 00:02:09,200 --> 00:02:13,359 Speaker 4: came out of purview, if you will, Yestreet late yes 48 00:02:13,440 --> 00:02:16,480 Speaker 4: day and moved down the right way yesterday. 49 00:02:16,520 --> 00:02:18,239 Speaker 3: So we did see shares of Apple Love and that 50 00:02:18,400 --> 00:02:23,000 Speaker 3: ticker app slumping about fourteen percent yesterday at the close. 51 00:02:23,080 --> 00:02:25,560 Speaker 3: But we are seeing a rebound today. But what we 52 00:02:25,560 --> 00:02:27,720 Speaker 3: were talking about, of course, and what you're pointing toward, 53 00:02:27,800 --> 00:02:30,639 Speaker 3: is the report from the Bloomberg News that the us 54 00:02:30,760 --> 00:02:34,200 Speaker 3: SEC has been probing some of the company's data collection 55 00:02:34,360 --> 00:02:38,000 Speaker 3: practices here, and City did come out today they're saying 56 00:02:38,000 --> 00:02:40,280 Speaker 3: that they would be buyers on this weakness here. You 57 00:02:40,360 --> 00:02:42,800 Speaker 3: really are seeing a boost and shares App Love and 58 00:02:42,800 --> 00:02:45,600 Speaker 3: shares up about eight point nine percent right now as 59 00:02:45,639 --> 00:02:49,000 Speaker 3: we speak. But all this aside, it's been such a 60 00:02:49,000 --> 00:02:51,840 Speaker 3: sellar year for this company. Shares are up nearly one 61 00:02:51,880 --> 00:02:54,640 Speaker 3: hundred percent so far year to date, so investors are 62 00:02:54,639 --> 00:02:56,760 Speaker 3: seeing some really great returns. But of course you are 63 00:02:56,800 --> 00:02:59,079 Speaker 3: just seeing a bit of a rebound story today as 64 00:02:59,320 --> 00:03:01,959 Speaker 3: people really digest what was said yesterday and how City 65 00:03:02,040 --> 00:03:03,760 Speaker 3: analysts are now coming out saying this might be an 66 00:03:03,800 --> 00:03:04,919 Speaker 3: opportunity to buy here. 67 00:03:05,160 --> 00:03:08,720 Speaker 1: So App Love and last year up seven hundred percent, yeah, 68 00:03:08,960 --> 00:03:12,360 Speaker 1: and up in twenty twenty three two and eighty percent 69 00:03:12,400 --> 00:03:14,560 Speaker 1: the year before, in twenty twenty two wasn't so good. 70 00:03:16,880 --> 00:03:21,640 Speaker 3: Percent Data data collection well, according to our dees page, 71 00:03:22,160 --> 00:03:25,239 Speaker 3: develops technologies that help businesses of every size connect with 72 00:03:25,280 --> 00:03:30,360 Speaker 3: their ideal customers. Add marketing business here, advertising tech company. 73 00:03:30,560 --> 00:03:36,080 Speaker 1: Yeah, okay, well, speaking of tech, yeah, we don't have 74 00:03:36,160 --> 00:03:38,120 Speaker 1: much time left. I wanted to get to Oracle, that's 75 00:03:38,120 --> 00:03:39,000 Speaker 1: also on your rail and. 76 00:03:39,080 --> 00:03:41,320 Speaker 3: Name that we can never forget. It feels as though 77 00:03:41,320 --> 00:03:44,480 Speaker 3: that's the case. Let's take our orcl shares her down 78 00:03:44,520 --> 00:03:47,000 Speaker 3: about two point eight percent right now, but we're earlier 79 00:03:47,040 --> 00:03:49,280 Speaker 3: tumbling as much as seven percent. This is after the 80 00:03:49,280 --> 00:03:52,760 Speaker 3: Information reported that it's fast growing cloud business that's powered 81 00:03:52,760 --> 00:03:55,160 Speaker 3: by of course and videos Chips has had quote unquote 82 00:03:55,240 --> 00:03:59,040 Speaker 3: razor thin gross profit margins in the past year. They're 83 00:03:59,120 --> 00:04:02,760 Speaker 3: citing internal documents here, So I mean, this is really interesting, 84 00:04:02,840 --> 00:04:05,119 Speaker 3: especially you think about this in the face of all 85 00:04:05,160 --> 00:04:07,720 Speaker 3: the news that we've been hearing with Oracle recently in 86 00:04:07,760 --> 00:04:10,120 Speaker 3: the red today but up in the green year today. 87 00:04:10,200 --> 00:04:13,640 Speaker 3: Shares her up about sixty nine percent so far this year. 88 00:04:15,160 --> 00:04:19,400 Speaker 2: The Stockmover's report from Bloomberg Radio check back with us 89 00:04:19,400 --> 00:04:22,200 Speaker 2: throughout the day. For the latest roundup of companies making 90 00:04:22,279 --> 00:04:25,920 Speaker 2: news on Wall Street, and for the latest market moving headlines. 91 00:04:26,120 --> 00:04:30,120 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 92 00:04:30,160 --> 00:04:33,240 Speaker 2: dot com, and on Applecarplay and Android Auto with the 93 00:04:33,279 --> 00:04:34,640 Speaker 2: Bloomberg Business app.