Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Tim Statovac along with Carol Master. Let's take a
Speaker 1: look at some stocks on the move today. With us
Speaker 1: is Bloomberg Television Markets correspondent Nora, Melinda Nora. You are
Speaker 1: Bloomberg TV Markets correspondent. But in a previous life you
Speaker 1: followed homebuilders very closely. Still follow Okay, you still follow.
Speaker 3: You can't get away, can't get away from real estate
Speaker 3: stocks at this point, but looking at shares of homebuilders
Speaker 3: not a great day. I'm looking at S one to
Speaker 3: five home that's an index right now down about four
Speaker 3: point four percent in trading. This is really after Evercore
Speaker 3: analysts came in. They downgraded a lot of the stocks
Speaker 3: in the industry. Dr Horn, Toll Brothers. They do more
Speaker 3: the luxury end of things, KB Home, they cater to
Speaker 3: a lot of the entry level buyers. But the essentially
Speaker 3: cutting them, downgrading them to inline from outperform. And this
Speaker 3: is based off of of course high rates has anticipated.
Speaker 3: Not too much more to the story there, apart from
Speaker 3: the fact that they're saying that there are seeing a
Speaker 3: lot of sluggish demand right now. It's really just underscoring
Speaker 3: the story that we've been talking about for months on
Speaker 3: end at this point where there's not necessarily a scarcity
Speaker 3: of supply here, but it's more or less the idea
Speaker 3: that there is demand that's really weak, especially as a
Speaker 3: lot of consumers are grappling with a lot of constraints
Speaker 3: right now.
Speaker 4: Yeah. Remember I said to you though I had like
Speaker 4: three or four house.
Speaker 1: I was shocked to hear you say in my neighborhood.
Speaker 4: And there's actually one, two, maybe three on my street.
Speaker 1: Wow, that's really surprising.
Speaker 4: Is there another piece of property that someone's bought and
Speaker 4: they're totally gutting and reached out?
Speaker 1: So how long? How long is have these homes been
Speaker 1: on the market? Are moving?
Speaker 4: One has been there for a while.
Speaker 1: So they need to lower the price.
Speaker 4: He went up like late spring, early summer, so it's
Speaker 4: been sitting there.
Speaker 3: Yeah.
Speaker 1: See there's a little bit of inventory in your neighborhood.
Speaker 3: Okay, these are previously used homes in our neighborhood. Way, Yeah,
Speaker 3: so these new ones existing home they're high, they are high.
Speaker 4: They are high. Let's talk about a stock that you
Speaker 4: came out of purview, if you will, Yestreet late yes
Speaker 4: day and moved down the right way yesterday.
Speaker 3: So we did see shares of Apple Love and that
Speaker 3: ticker app slumping about fourteen percent yesterday at the close.
Speaker 3: But we are seeing a rebound today. But what we
Speaker 3: were talking about, of course, and what you're pointing toward,
Speaker 3: is the report from the Bloomberg News that the us
Speaker 3: SEC has been probing some of the company's data collection
Speaker 3: practices here, and City did come out today they're saying
Speaker 3: that they would be buyers on this weakness here. You
Speaker 3: really are seeing a boost and shares App Love and
Speaker 3: shares up about eight point nine percent right now as
Speaker 3: we speak. But all this aside, it's been such a
Speaker 3: sellar year for this company. Shares are up nearly one
Speaker 3: hundred percent so far year to date, so investors are
Speaker 3: seeing some really great returns. But of course you are
Speaker 3: just seeing a bit of a rebound story today as
Speaker 3: people really digest what was said yesterday and how City
Speaker 3: analysts are now coming out saying this might be an
Speaker 3: opportunity to buy here.
Speaker 1: So App Love and last year up seven hundred percent, yeah,
Speaker 1: and up in twenty twenty three two and eighty percent
Speaker 1: the year before, in twenty twenty two wasn't so good.
Speaker 3: Percent Data data collection well, according to our dees page,
Speaker 3: develops technologies that help businesses of every size connect with
Speaker 3: their ideal customers. Add marketing business here, advertising tech company.
Speaker 1: Yeah, okay, well, speaking of tech, yeah, we don't have
Speaker 1: much time left. I wanted to get to Oracle, that's
Speaker 1: also on your rail and.
Speaker 3: Name that we can never forget. It feels as though
Speaker 3: that's the case. Let's take our orcl shares her down
Speaker 3: about two point eight percent right now, but we're earlier
Speaker 3: tumbling as much as seven percent. This is after the
Speaker 3: Information reported that it's fast growing cloud business that's powered
Speaker 3: by of course and videos Chips has had quote unquote
Speaker 3: razor thin gross profit margins in the past year. They're
Speaker 3: citing internal documents here, So I mean, this is really interesting,
Speaker 3: especially you think about this in the face of all
Speaker 3: the news that we've been hearing with Oracle recently in
Speaker 3: the red today but up in the green year today.
Speaker 3: Shares her up about sixty nine percent so far this year.
Speaker 2: The Stockmover's report from Bloomberg Radio check back with us
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