WEBVTT - Eli Lilly Jumps, Comcast Gains, Meta Falls

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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 3>Scarla Flul Paul Sweeney live here on a Bloomberg in

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<v Speaker 3>Act Proper Studio streaming line on YouTube as well. Let's

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<v Speaker 3>see what some stocks on the move today in a mixtape.

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<v Speaker 3>It's good that they need to Sokova Bloomberg News.

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<v Speaker 4>They need to.

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<v Speaker 3>What are you looking at.

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<v Speaker 1>Let's start with some gainer as we have Eli Lilly today.

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<v Speaker 1>Now it's about two percent, but we so much bigger

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<v Speaker 1>gain in earlier trading. Once the market opened, it jumped

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<v Speaker 1>as much as three point four percent. Of course, it

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<v Speaker 1>is coming of pretty strong for year guidance. They raised

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<v Speaker 1>it and both for their weight loss drug and diabetes drug.

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<v Speaker 1>What we're seeing is that they're taking bigger and bigger

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<v Speaker 1>market share of that weight loss and diabetes market that

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<v Speaker 1>everyone has been competing about. Now they account for fifty

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<v Speaker 1>eight percent of that market. And this is the weight

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<v Speaker 1>loss one, which obviously they compete directly with novels Ozenpi

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<v Speaker 1>and wi Goovy, deabetes drug Munjaro, and their zip Bound

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<v Speaker 1>which is the weight loss one. They outpass expectations by

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<v Speaker 1>a combine nearly one point three billion, so really strong

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<v Speaker 1>results there. That said, the stock is actually up only

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<v Speaker 1>five percent before the earnings, and obviously a little bit more,

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<v Speaker 1>but we're seeing some optimism from investors. Mitzuhui is saying,

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<v Speaker 1>it's very clear that Eli Lily is.

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<v Speaker 4>Winning the weight loss race.

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<v Speaker 1>Obviously, now we're talking about different, more advanced drugs, so

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<v Speaker 1>that potentially we're entering a whole new leg in the competition.

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<v Speaker 1>But in this particular race, Eli Lily's lead is becoming clear.

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<v Speaker 3>The question I asked in the surveillance chat box, and

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<v Speaker 3>I don't know the answer. I haven't seen the reporting

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<v Speaker 3>on it. If there's for someone out there who would

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<v Speaker 3>benefit from the weight loss struggle, why aren't they taking it?

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<v Speaker 4>Maybe because it's a shot?

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<v Speaker 3>Okay, I was going to ask, is it because they

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<v Speaker 3>don't want to take shots?

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<v Speaker 2>Is it cost?

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<v Speaker 3>Is availability?

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<v Speaker 4>Is it side effects?

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<v Speaker 3>Because you just wonder why more people aren't using it.

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<v Speaker 3>I don't know the answer to that, but I guess

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<v Speaker 3>it's probably the combination of all that.

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<v Speaker 4>Yeah, But I'm guessing the simplest answer is the right answer,

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<v Speaker 4>which is cost.

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<v Speaker 1>Yeah, yeah, yeah, very good.

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<v Speaker 3>All right.

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<v Speaker 2>Us, you have Force, you.

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<v Speaker 1>Have Comcasts, which we're seeing an interesting reaction in markets

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<v Speaker 1>if you actually pre market training, we saw a positive reaction.

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<v Speaker 4>The earnings report is mixed.

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<v Speaker 1>Obviously, the company lost one hundred thousand subscribers, which is less.

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<v Speaker 4>Than what analysts were expected.

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<v Speaker 1>But if we zoom out, the trajectory has been really bad.

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<v Speaker 1>This is the tenth quarter in a row where they

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<v Speaker 1>see domestic world round customer losses.

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<v Speaker 4>That said, as we said, unless.

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<v Speaker 1>We're expecting one hundred and forty thousand, so we're seeing

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<v Speaker 1>some optimism there. A third quarter revenue fail by about

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<v Speaker 1>three percent, and it's also beating estimates, so again less feared,

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<v Speaker 1>but competition in that space has been heating up. Obviously,

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<v Speaker 1>people are moving away cutting their court in favor for

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<v Speaker 1>streaming services. Obviously people are their Internet platons over by Verizon,

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<v Speaker 1>but timobau and that strong competition there. Comcast is one

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<v Speaker 1>of the big losers this year. Company is down nearly

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<v Speaker 1>thirty percent here to date. There have been a lot

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<v Speaker 1>of changes, a lot of volatility there, and even earning

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<v Speaker 1>support that was less bad than feared cannot bring optimism

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<v Speaker 1>at least on a day like today.

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<v Speaker 4>All right, let's get to a mag seven name. Meta.

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<v Speaker 1>Yeah, Meta has been the story of the last twenty

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<v Speaker 1>four hours. Now, it's down nearly twelve percent a fell

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<v Speaker 1>fourteen percent in earlier trading. Of course, it's coming off

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<v Speaker 1>concerns of AI spending. The Facebook parents report the third

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<v Speaker 1>quarter earnings results gave outlook, but the main thing everyone

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<v Speaker 1>is looking at is Mark Zuckerberg warned that meta platforms

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<v Speaker 1>will need to spend even more aggressively. We had some

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<v Speaker 1>news today on Bloomberg that they aim to sell at

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<v Speaker 1>twenty five billion of investment grade bonds and this might

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<v Speaker 1>be their biggest largest in twenty twenty five, so clearly

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<v Speaker 1>things are moving fast.

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<v Speaker 4>That said, the earnings report, their revenue was strong.

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<v Speaker 1>Their ads revenue, which is kind of the kind of

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<v Speaker 1>their main source of income, is strong. But we saw

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<v Speaker 1>a lot of downgrades coming.

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<v Speaker 4>At least two. One is Oppenheimer.

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<v Speaker 1>Saying that investors will strugger to rationalize those prices at.

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<v Speaker 4>Least until twenty twenty seven.

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<v Speaker 1>And also we saw analysts on the code saying that

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<v Speaker 1>they're obviously concerned about this, so a lot of pressure on.

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<v Speaker 4>The store Google.

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<v Speaker 3>They don't mind the spending if your meta a little

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<v Speaker 3>bit concerned about it.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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