1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,040 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:18,160 Speaker 1: Let's take a look at some stocks on the move 5 00:00:18,200 --> 00:00:21,360 Speaker 1: today with US as Bloomberg News cross ass that reported Taniza. 6 00:00:21,000 --> 00:00:23,119 Speaker 3: Sikova patiently waiting for us. 7 00:00:23,280 --> 00:00:26,880 Speaker 1: Let's start with one of the few stocks that is 8 00:00:26,960 --> 00:00:29,120 Speaker 1: under pressure today, and it's a megacap. 9 00:00:29,400 --> 00:00:32,960 Speaker 4: Yeah, well, big megacap that is under a lot of pressure. Amazon. 10 00:00:33,000 --> 00:00:35,479 Speaker 4: We've been talking about it since the earnings, the decrease. 11 00:00:35,560 --> 00:00:38,840 Speaker 4: Amz and stock is down more than seven percent. Really, 12 00:00:38,840 --> 00:00:41,760 Speaker 4: we're seeing such a big recovery among all the losers 13 00:00:41,760 --> 00:00:43,159 Speaker 4: of the last few days. But this is not the 14 00:00:43,200 --> 00:00:46,000 Speaker 4: case for Amazon. The stock is already down ten percent 15 00:00:46,080 --> 00:00:48,600 Speaker 4: year today. The number that everyone has been talking about 16 00:00:48,680 --> 00:00:53,760 Speaker 4: is that two hundred billion investment. Data centers chips have 17 00:00:53,840 --> 00:00:57,960 Speaker 4: obviously investors surgitory about ANYI spending, especially in the last 18 00:00:58,000 --> 00:01:01,160 Speaker 4: few weeks. We saw similar reactions to micros of alphabet. 19 00:01:01,400 --> 00:01:04,760 Speaker 4: That's that Microsoft is up today, But what we saw 20 00:01:05,080 --> 00:01:07,559 Speaker 4: is that the COO is setting that the money will 21 00:01:07,600 --> 00:01:10,080 Speaker 4: go to the cloud business, to the Amazon Web Services 22 00:01:10,080 --> 00:01:12,839 Speaker 4: cloud business. But the important number that everyone is looking 23 00:01:12,840 --> 00:01:16,080 Speaker 4: at is their projection for profit. It was about sixteen 24 00:01:16,160 --> 00:01:20,039 Speaker 4: to twenty one billion, and it's lower than what analysts 25 00:01:20,080 --> 00:01:23,640 Speaker 4: were expecting. So obviously that's the big issue investors have 26 00:01:23,720 --> 00:01:26,560 Speaker 4: been looking at, and the moment it's denting profits, you 27 00:01:26,600 --> 00:01:29,080 Speaker 4: can see that investors are really punishing the stocks. Amazon 28 00:01:29,200 --> 00:01:32,000 Speaker 4: has been doing a lot of layoffs thirty thousands since October. 29 00:01:32,080 --> 00:01:34,600 Speaker 4: That's about ten percents of the corporate workforce. But the 30 00:01:34,640 --> 00:01:37,640 Speaker 4: company has had a pretty rough stretch and is not 31 00:01:37,800 --> 00:01:40,759 Speaker 4: caught in that big recovery that we're seeing today, and 32 00:01:40,840 --> 00:01:42,839 Speaker 4: as the buyers are emerging. 33 00:01:42,520 --> 00:01:44,160 Speaker 3: I got to say, I think it's safe to say 34 00:01:44,160 --> 00:01:46,560 Speaker 3: that Mark Mahoney over at ii ever Core a pretty 35 00:01:46,600 --> 00:01:53,040 Speaker 3: positive spin these hyperscalers big mega cap tech companies in 36 00:01:53,120 --> 00:01:56,400 Speaker 3: terms of the spend and buying for dominance in this world. 37 00:01:56,480 --> 00:01:57,920 Speaker 1: If you missed that an interview, check it out on 38 00:01:57,960 --> 00:01:58,960 Speaker 1: our podcast feed. 39 00:01:59,160 --> 00:02:01,800 Speaker 3: We like to do same plugs. Why now, Matt Miller 40 00:02:01,840 --> 00:02:04,160 Speaker 3: is not the only one who can do them all right, 41 00:02:04,200 --> 00:02:07,440 Speaker 3: So Amazon AMZ and of course is the ticker. Let's 42 00:02:07,480 --> 00:02:09,880 Speaker 3: go to another one, a subject that we've been talking 43 00:02:09,919 --> 00:02:12,639 Speaker 3: a lot too, and that is the crypto universe. 44 00:02:12,400 --> 00:02:16,360 Speaker 4: Complete reversal, and cryptolink stocks are on the top of this. 45 00:02:17,080 --> 00:02:20,120 Speaker 4: They're obviously bitcoin retracted. We almost had like a fifty 46 00:02:20,160 --> 00:02:23,360 Speaker 4: percent drop from its peak. Now we're around seventy thousand, 47 00:02:23,720 --> 00:02:26,480 Speaker 4: and all the companies that are associated with cryptocurrency pretty 48 00:02:26,560 --> 00:02:28,480 Speaker 4: much moved in line with that. 49 00:02:28,560 --> 00:02:28,800 Speaker 2: Bet. 50 00:02:28,840 --> 00:02:32,480 Speaker 4: We're looking at Strategy, mar Holdings, Coin Based, Robinhood, all 51 00:02:32,520 --> 00:02:36,200 Speaker 4: of those names really big reversals. Say Leading the Games 52 00:02:36,280 --> 00:02:40,680 Speaker 4: is a company that just reported earnings, micro Strategy. The ticker, 53 00:02:40,720 --> 00:02:43,640 Speaker 4: of course is MSTR. The stock is a twenty five 54 00:02:43,680 --> 00:02:46,840 Speaker 4: percent year today. But this is not about dirnings report. Actually, 55 00:02:46,919 --> 00:02:49,799 Speaker 4: the fundamentals from the earnings reports were pretty weak. The 56 00:02:49,840 --> 00:02:53,000 Speaker 4: bitcoin hoarding company confirmed a net loss of more than 57 00:02:53,080 --> 00:02:56,080 Speaker 4: twelve billion, but obviously investors are not looking for that. 58 00:02:56,560 --> 00:03:01,120 Speaker 4: It's a very strong sentiment day. That's the company is 59 00:03:01,160 --> 00:03:04,799 Speaker 4: now down about twelve percent. The company say Word has 60 00:03:04,800 --> 00:03:08,000 Speaker 4: said the company faces no margin calls. Everyone is asking, 61 00:03:08,040 --> 00:03:10,639 Speaker 4: obviously are they going to sell bitcoin? So far we're 62 00:03:10,760 --> 00:03:13,440 Speaker 4: not seeing this being the case. But another trend where 63 00:03:13,440 --> 00:03:15,960 Speaker 4: you're not seeing is the company is not buying bitcoin 64 00:03:16,080 --> 00:03:18,520 Speaker 4: at the moment, So perhaps that is telling, but it's. 65 00:03:18,360 --> 00:03:21,560 Speaker 1: Like on sale for them. That's what exactly. 66 00:03:21,720 --> 00:03:24,160 Speaker 3: Perhaps if you're a believer, right, this would be the time. 67 00:03:24,800 --> 00:03:25,800 Speaker 3: That's an opportunity. 68 00:03:25,960 --> 00:03:28,000 Speaker 4: If you like it at one hundreds, you should like 69 00:03:28,040 --> 00:03:28,560 Speaker 4: it now, right. 70 00:03:29,320 --> 00:03:31,960 Speaker 1: If you like it one d and twenty five thousand dollars, 71 00:03:32,000 --> 00:03:36,960 Speaker 1: you'd love it. It's seventy thousand unless unless the money 72 00:03:37,120 --> 00:03:38,120 Speaker 1: or I don't know, I don't know. 73 00:03:38,200 --> 00:03:39,920 Speaker 3: Do you think it can go even down? 74 00:03:39,960 --> 00:03:40,480 Speaker 4: More people? 75 00:03:41,000 --> 00:03:42,480 Speaker 1: Who knows? Who knows what way it goes? 76 00:03:42,520 --> 00:03:43,960 Speaker 3: You're into cosmetic companies, are you? 77 00:03:45,320 --> 00:03:47,640 Speaker 1: Yeah? Especially big one way or the other. 78 00:03:48,920 --> 00:03:54,800 Speaker 3: I don't know why I did that. Uncomfortable While we're 79 00:03:54,800 --> 00:03:56,760 Speaker 3: in this business, we all have to Yeah a little 80 00:03:56,760 --> 00:03:59,400 Speaker 3: bit quick? Yeah, should we talk Cody, Cody? 81 00:03:59,480 --> 00:04:02,960 Speaker 4: It's an interest. So the brands under it, Kayli Cosmetics, Gucci, 82 00:04:03,080 --> 00:04:06,240 Speaker 4: cover Girl, Sally Hanson. There are quite a few different 83 00:04:06,280 --> 00:04:08,440 Speaker 4: one even if you haven't heard the name, shares are 84 00:04:08,600 --> 00:04:12,280 Speaker 4: sliding those Today's stock is down fifteen percent. The beauty 85 00:04:12,280 --> 00:04:16,320 Speaker 4: company scraps its FISCO twenty twenty six Outlook, this is 86 00:04:16,360 --> 00:04:18,880 Speaker 4: not the first company that's reacting like that. We saw 87 00:04:18,920 --> 00:04:21,760 Speaker 4: a similar reaction by a still louder just yesterday. The 88 00:04:21,760 --> 00:04:25,520 Speaker 4: stock actually tumbled nineteen percent. Beauty industry is obviously an 89 00:04:25,520 --> 00:04:27,880 Speaker 4: interesting space to water when it comes to the economy, 90 00:04:28,920 --> 00:04:32,960 Speaker 4: So that kind of weakness we're seeing could be telling indicator. 91 00:04:33,279 --> 00:04:36,200 Speaker 4: And the company, it's said that they're seeing heightened promotional 92 00:04:36,320 --> 00:04:41,400 Speaker 4: environment and weakness in its consumer beauty business. They recently 93 00:04:41,640 --> 00:04:45,039 Speaker 4: got a stake in haircare brand Vela, So it's an 94 00:04:45,080 --> 00:04:48,320 Speaker 4: interesting company too. Lunch under a lot of pressure, and 95 00:04:48,839 --> 00:04:51,120 Speaker 4: you know, everyone is looking at the consumer and what's 96 00:04:51,120 --> 00:04:53,520 Speaker 4: been happening to it, and this perhaps is a good 97 00:04:53,520 --> 00:04:57,159 Speaker 4: indicator that maybe some of those discretionary spending is not 98 00:04:57,160 --> 00:04:57,719 Speaker 4: doing so well. 99 00:04:57,760 --> 00:04:59,200 Speaker 3: I don't know. And you don't have a lot to spend, 100 00:04:59,200 --> 00:05:00,680 Speaker 3: you know, they talk about, you know, you have money 101 00:05:00,680 --> 00:05:03,800 Speaker 3: to buy a lipsticks. It's a small purchase, Denisa, Thank 102 00:05:03,839 --> 00:05:06,799 Speaker 3: you so much. Stockmovers Podcast check it out by minute episodes, 103 00:05:06,839 --> 00:05:09,080 Speaker 3: Big winners, big losers in the stock market. 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