Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: We're joined by Bloomberg's Christine. Christine, what are you looking
Speaker 3: at here this morning?
Speaker 1: Well, I'm also looking at alphabet Paul. I mean, Lisa
Speaker 1: mentioned shares in a green there. But very interestingly, you
Speaker 1: know that a sales and profit beat expectations that we
Speaker 1: got from the results yesterday. That was really driven by advertising,
Speaker 1: which isn't the most exciting part of their business, I'll
Speaker 1: we say, right, and even the cloud business operating profit
Speaker 1: more than two billion dollars that beat estimates too, But
Speaker 1: it wasn't exactly the headline driver. And so you know,
Speaker 1: my colleague Shibassion boyd Over at Markets Live pointing out
Speaker 1: that what we really want to know is whether the
Speaker 1: trade bar is driving up costs in the chip supply
Speaker 1: chain right as it relates to Google's affected businesses or
Speaker 1: Alphabets affected businesses, and to what extent those capacity constraints
Speaker 1: in the data centers are limiting expansion. We didn't really
Speaker 1: get a lot of steer from Alphabet on that.
Speaker 4: Yeah, interesting because Alphabet doesn't I'm like, Alphabet, what's that company?
Speaker 4: Google doesn't really give outlook either, so it was hard
Speaker 4: to sort of understand what the what the future may
Speaker 4: be for that company. But not a sidestep the ad revenue.
Speaker 4: I mean, YouTube had eight point ninety two billion dollars
Speaker 4: in revenue. That missed slightly, but that's a monster. And
Speaker 4: now they have a podcasting that's apparently outpacing both Spotify
Speaker 4: and Apple when it comes to people that are listening
Speaker 4: like this is like a monster beast on that at
Speaker 4: some point.
Speaker 3: I mean, I if I were back in my banking days,
Speaker 3: I'd be there every quarter pitching spin.
Speaker 4: Spin off, spin off, its spin off.
Speaker 3: Yeah, yep, let's get some value there. I'm going to
Speaker 3: BNP parryba X say x saying the note just hit
Speaker 3: my inbox. The analysts there maintained an app performance on Google,
Speaker 3: raise the target price from two hundred and thirteen to
Speaker 3: from two hundred and eight dollars on higher EPs estimates.
Speaker 3: It looks like it's streetlights as well. What else? Christine?
Speaker 1: Looking at Apple today, Paul, you know, we did get
Speaker 1: a little bit of opening weakness there, but it's up
Speaker 1: now just two tens of one percent at the moment,
Speaker 1: and that is because we did get news earlier that
Speaker 1: Apple is seeking to import most of its iPhones that
Speaker 1: it sells in the US from India, which really accelerates
Speaker 1: it shifts beyond China, and they're aiming to do that
Speaker 1: by the end of next year, according to sources.
Speaker 4: Telling Bloomer, Well, what's so interesting is that go ahead.
Speaker 3: I just didn't think that was possible. Yeah, so that's
Speaker 3: positive surprising news to me because I didn't think they
Speaker 3: could shift that much production from China to India.
Speaker 4: I also wonder, though, if they're going to hit the
Speaker 4: Nike problem, which is Nike did that and then all
Speaker 4: of a sudden there are tariffs on the places where
Speaker 4: they went to go build new factories, and there will
Speaker 4: be tariffs on India as well. So they're still not
Speaker 4: building it in the US at the end of the day, Christine.
Speaker 1: Yeah, absolutely, So they are still absolutely going to be
Speaker 1: exposed to all those trade tensions that are brewing at
Speaker 1: the moment. But you know, it does seem like perhaps
Speaker 1: maybe Apple is banking on better relations between the US
Speaker 1: and India as opposed to the US and China. You know, Paul,
Speaker 1: to your point, that shift actually began years ago because
Speaker 1: during the COVID lockdowns, obviously, Apple production of iPhones really
Speaker 1: was hampered by what was going on in China, and
Speaker 1: so they probably took a look at their supply chain
Speaker 1: and think maybe we should start diversifying. So what we're
Speaker 1: seeing now is just an acceleration of that.
Speaker 4: Yeah. Interesting, All right, let's wrap it up here with Sketchers.
Speaker 4: That stock is down almost three percent.
Speaker 3: What happened?
Speaker 1: Yeah, well, speaking of companies that are very exposed to
Speaker 1: trade tensions, it is definitely very much related to what
Speaker 1: we're seeing at the moments. Ketchers again saying that it
Speaker 1: missed its estimates for the first quarter in terms of sales,
Speaker 1: also by throwing its full yeer outlook, citing quote macroeconomic
Speaker 1: uncertainty stemming from global trade policies. So you know, note
Speaker 1: that Sketch does make a significant portion of its shoes
Speaker 1: in China and Vietnams. Again, our supply chain problem very
Speaker 1: much rearing its head here, and Sketchers chief financial officer
Speaker 1: John Vandermore also compared what we're seeing now in terms
Speaker 1: of the company's challenges to what they experienced during the
Speaker 1: covid erangeline.
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