Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move
Speaker 1: today with US as Bloomberg News cross ass that reported Taniza.
Speaker 3: Sikova patiently waiting for us.
Speaker 1: Let's start with one of the few stocks that is
Speaker 1: under pressure today, and it's a megacap.
Speaker 4: Yeah, well, big megacap that is under a lot of pressure. Amazon.
Speaker 4: We've been talking about it since the earnings, the decrease.
Speaker 4: Amz and stock is down more than seven percent. Really,
Speaker 4: we're seeing such a big recovery among all the losers
Speaker 4: of the last few days. But this is not the
Speaker 4: case for Amazon. The stock is already down ten percent
Speaker 4: year today. The number that everyone has been talking about
Speaker 4: is that two hundred billion investment. Data centers chips have
Speaker 4: obviously investors surgitory about ANYI spending, especially in the last
Speaker 4: few weeks. We saw similar reactions to micros of alphabet.
Speaker 4: That's that Microsoft is up today, But what we saw
Speaker 4: is that the COO is setting that the money will
Speaker 4: go to the cloud business, to the Amazon Web Services
Speaker 4: cloud business. But the important number that everyone is looking
Speaker 4: at is their projection for profit. It was about sixteen
Speaker 4: to twenty one billion, and it's lower than what analysts
Speaker 4: were expecting. So obviously that's the big issue investors have
Speaker 4: been looking at, and the moment it's denting profits, you
Speaker 4: can see that investors are really punishing the stocks. Amazon
Speaker 4: has been doing a lot of layoffs thirty thousands since October.
Speaker 4: That's about ten percents of the corporate workforce. But the
Speaker 4: company has had a pretty rough stretch and is not
Speaker 4: caught in that big recovery that we're seeing today, and
Speaker 4: as the buyers are emerging.
Speaker 3: I got to say, I think it's safe to say
Speaker 3: that Mark Mahoney over at ii ever Core a pretty
Speaker 3: positive spin these hyperscalers big mega cap tech companies in
Speaker 3: terms of the spend and buying for dominance in this world.
Speaker 1: If you missed that an interview, check it out on
Speaker 1: our podcast feed.
Speaker 3: We like to do same plugs. Why now, Matt Miller
Speaker 3: is not the only one who can do them all right,
Speaker 3: So Amazon AMZ and of course is the ticker. Let's
Speaker 3: go to another one, a subject that we've been talking
Speaker 3: a lot too, and that is the crypto universe.
Speaker 4: Complete reversal, and cryptolink stocks are on the top of this.
Speaker 4: They're obviously bitcoin retracted. We almost had like a fifty
Speaker 4: percent drop from its peak. Now we're around seventy thousand,
Speaker 4: and all the companies that are associated with cryptocurrency pretty
Speaker 4: much moved in line with that.
Speaker 2: Bet.
Speaker 4: We're looking at Strategy, mar Holdings, Coin Based, Robinhood, all
Speaker 4: of those names really big reversals. Say Leading the Games
Speaker 4: is a company that just reported earnings, micro Strategy. The ticker,
Speaker 4: of course is MSTR. The stock is a twenty five
Speaker 4: percent year today. But this is not about dirnings report. Actually,
Speaker 4: the fundamentals from the earnings reports were pretty weak. The
Speaker 4: bitcoin hoarding company confirmed a net loss of more than
Speaker 4: twelve billion, but obviously investors are not looking for that.
Speaker 4: It's a very strong sentiment day. That's the company is
Speaker 4: now down about twelve percent. The company say Word has
Speaker 4: said the company faces no margin calls. Everyone is asking,
Speaker 4: obviously are they going to sell bitcoin? So far we're
Speaker 4: not seeing this being the case. But another trend where
Speaker 4: you're not seeing is the company is not buying bitcoin
Speaker 4: at the moment, So perhaps that is telling, but it's.
Speaker 1: Like on sale for them. That's what exactly.
Speaker 3: Perhaps if you're a believer, right, this would be the time.
Speaker 3: That's an opportunity.
Speaker 4: If you like it at one hundreds, you should like
Speaker 4: it now, right.
Speaker 1: If you like it one d and twenty five thousand dollars,
Speaker 1: you'd love it. It's seventy thousand unless unless the money
Speaker 1: or I don't know, I don't know.
Speaker 3: Do you think it can go even down?
Speaker 4: More people?
Speaker 1: Who knows? Who knows what way it goes?
Speaker 3: You're into cosmetic companies, are you?
Speaker 1: Yeah? Especially big one way or the other.
Speaker 3: I don't know why I did that. Uncomfortable While we're
Speaker 3: in this business, we all have to Yeah a little
Speaker 3: bit quick? Yeah, should we talk Cody, Cody?
Speaker 4: It's an interest. So the brands under it, Kayli Cosmetics, Gucci,
Speaker 4: cover Girl, Sally Hanson. There are quite a few different
Speaker 4: one even if you haven't heard the name, shares are
Speaker 4: sliding those Today's stock is down fifteen percent. The beauty
Speaker 4: company scraps its FISCO twenty twenty six Outlook, this is
Speaker 4: not the first company that's reacting like that. We saw
Speaker 4: a similar reaction by a still louder just yesterday. The
Speaker 4: stock actually tumbled nineteen percent. Beauty industry is obviously an
Speaker 4: interesting space to water when it comes to the economy,
Speaker 4: So that kind of weakness we're seeing could be telling indicator.
Speaker 4: And the company, it's said that they're seeing heightened promotional
Speaker 4: environment and weakness in its consumer beauty business. They recently
Speaker 4: got a stake in haircare brand Vela, So it's an
Speaker 4: interesting company too. Lunch under a lot of pressure, and
Speaker 4: you know, everyone is looking at the consumer and what's
Speaker 4: been happening to it, and this perhaps is a good
Speaker 4: indicator that maybe some of those discretionary spending is not
Speaker 4: doing so well.
Speaker 3: I don't know. And you don't have a lot to spend,
Speaker 3: you know, they talk about, you know, you have money
Speaker 3: to buy a lipsticks. It's a small purchase, Denisa, Thank
Speaker 3: you so much. Stockmovers Podcast check it out by minute episodes,
Speaker 3: Big winners, big losers in the stock market. Find out
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