WEBVTT - Homebuilders Fall, AppLovin Lower, Oracle Sinks on Thin Margins

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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.

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<v Speaker 1>I'm Tim Statovac along with Carol Master. Let's take a

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<v Speaker 1>look at some stocks on the move today. With us

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<v Speaker 1>is Bloomberg Television Markets correspondent Nora, Melinda Nora. You are

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<v Speaker 1>Bloomberg TV Markets correspondent. But in a previous life you

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<v Speaker 1>followed homebuilders very closely. Still follow Okay, you still follow.

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<v Speaker 3>You can't get away, can't get away from real estate

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<v Speaker 3>stocks at this point, but looking at shares of homebuilders

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<v Speaker 3>not a great day. I'm looking at S one to

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<v Speaker 3>five home that's an index right now down about four

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<v Speaker 3>point four percent in trading. This is really after Evercore

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<v Speaker 3>analysts came in. They downgraded a lot of the stocks

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<v Speaker 3>in the industry. Dr Horn, Toll Brothers. They do more

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<v Speaker 3>the luxury end of things, KB Home, they cater to

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<v Speaker 3>a lot of the entry level buyers. But the essentially

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<v Speaker 3>cutting them, downgrading them to inline from outperform. And this

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<v Speaker 3>is based off of of course high rates has anticipated.

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<v Speaker 3>Not too much more to the story there, apart from

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<v Speaker 3>the fact that they're saying that there are seeing a

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<v Speaker 3>lot of sluggish demand right now. It's really just underscoring

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<v Speaker 3>the story that we've been talking about for months on

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<v Speaker 3>end at this point where there's not necessarily a scarcity

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<v Speaker 3>of supply here, but it's more or less the idea

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<v Speaker 3>that there is demand that's really weak, especially as a

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<v Speaker 3>lot of consumers are grappling with a lot of constraints

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<v Speaker 3>right now.

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<v Speaker 4>Yeah. Remember I said to you though I had like

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<v Speaker 4>three or four house.

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<v Speaker 1>I was shocked to hear you say in my neighborhood.

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<v Speaker 4>And there's actually one, two, maybe three on my street.

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<v Speaker 1>Wow, that's really surprising.

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<v Speaker 4>Is there another piece of property that someone's bought and

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<v Speaker 4>they're totally gutting and reached out?

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<v Speaker 1>So how long? How long is have these homes been

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<v Speaker 1>on the market? Are moving?

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<v Speaker 4>One has been there for a while.

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<v Speaker 1>So they need to lower the price.

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<v Speaker 4>He went up like late spring, early summer, so it's

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<v Speaker 4>been sitting there.

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<v Speaker 3>Yeah.

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<v Speaker 1>See there's a little bit of inventory in your neighborhood.

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<v Speaker 3>Okay, these are previously used homes in our neighborhood. Way, Yeah,

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<v Speaker 3>so these new ones existing home they're high, they are high.

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<v Speaker 4>They are high. Let's talk about a stock that you

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<v Speaker 4>came out of purview, if you will, Yestreet late yes

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<v Speaker 4>day and moved down the right way yesterday.

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<v Speaker 3>So we did see shares of Apple Love and that

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<v Speaker 3>ticker app slumping about fourteen percent yesterday at the close.

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<v Speaker 3>But we are seeing a rebound today. But what we

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<v Speaker 3>were talking about, of course, and what you're pointing toward,

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<v Speaker 3>is the report from the Bloomberg News that the us

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<v Speaker 3>SEC has been probing some of the company's data collection

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<v Speaker 3>practices here, and City did come out today they're saying

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<v Speaker 3>that they would be buyers on this weakness here. You

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<v Speaker 3>really are seeing a boost and shares App Love and

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<v Speaker 3>shares up about eight point nine percent right now as

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<v Speaker 3>we speak. But all this aside, it's been such a

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<v Speaker 3>sellar year for this company. Shares are up nearly one

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<v Speaker 3>hundred percent so far year to date, so investors are

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<v Speaker 3>seeing some really great returns. But of course you are

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<v Speaker 3>just seeing a bit of a rebound story today as

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<v Speaker 3>people really digest what was said yesterday and how City

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<v Speaker 3>analysts are now coming out saying this might be an

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<v Speaker 3>opportunity to buy here.

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<v Speaker 1>So App Love and last year up seven hundred percent, yeah,

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<v Speaker 1>and up in twenty twenty three two and eighty percent

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<v Speaker 1>the year before, in twenty twenty two wasn't so good.

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<v Speaker 3>Percent Data data collection well, according to our dees page,

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<v Speaker 3>develops technologies that help businesses of every size connect with

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<v Speaker 3>their ideal customers. Add marketing business here, advertising tech company.

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<v Speaker 1>Yeah, okay, well, speaking of tech, yeah, we don't have

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<v Speaker 1>much time left. I wanted to get to Oracle, that's

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<v Speaker 1>also on your rail and.

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<v Speaker 3>Name that we can never forget. It feels as though

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<v Speaker 3>that's the case. Let's take our orcl shares her down

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<v Speaker 3>about two point eight percent right now, but we're earlier

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<v Speaker 3>tumbling as much as seven percent. This is after the

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<v Speaker 3>Information reported that it's fast growing cloud business that's powered

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<v Speaker 3>by of course and videos Chips has had quote unquote

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<v Speaker 3>razor thin gross profit margins in the past year. They're

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<v Speaker 3>citing internal documents here, So I mean, this is really interesting,

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<v Speaker 3>especially you think about this in the face of all

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<v Speaker 3>the news that we've been hearing with Oracle recently in

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<v Speaker 3>the red today but up in the green year today.

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<v Speaker 3>Shares her up about sixty nine percent so far this year.

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