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 3: I'm Carol Masser along with Tim Stanvick. Let's get to
Speaker 3: some stocks on the move. She was giggling and laughing
Speaker 3: at us as we were talking.
Speaker 4: That would be too We're talking about MLI, Rafaeyo. She
Speaker 4: is Bloomberg News credit reporter Emily. What are you watching?
Speaker 1: Okay, So you guys were just talking about how we're
Speaker 1: seeing a risk on rally with most of the equity market.
Speaker 1: But let's start with Netflix because that was a big
Speaker 1: name that reported earnings last night. Ticker NFLX, one of
Speaker 1: the worst performers in the S and P five hundred
Speaker 1: down about nine percent, actually saw its biggest inter day
Speaker 1: drop today since April twenty twenty two. It's erased some
Speaker 1: of those losses, but it's still deeply in the red.
Speaker 1: The second quarter revenue and EPs forecast missed last night,
Speaker 1: and when you look at what most of Wallstreet is saying,
Speaker 1: there's just kind of like disappointment with Netflix, and I
Speaker 1: think these earnings results, it's not like there was anything dire,
Speaker 1: but expectations were quite high heading into this. Cities comments
Speaker 1: particularly stood out to me. They said that the report
Speaker 1: is disappointing because even after Netflix abandons its bid for
Speaker 1: Warner Brothers, investors kind of suspected that we would see
Speaker 1: a share repurchase and they would raise their full year
Speaker 1: twenty twenty six margin outlook. But instead management suggested no
Speaker 1: change to their capital allocation strategy. They just maintained the outlook,
Speaker 1: and then they provided a worse than expected guidance. So overall,
Speaker 1: that kind of expected tailwind of oh, now they don't
Speaker 1: have this like big deal that potentially they were going
Speaker 1: to do, They're going to have maybe a healthier balance sheet,
Speaker 1: It just didn't really seem like that came through in
Speaker 1: these earnings.
Speaker 3: Yeah, maybe it's just expectations, right, Yeah, Yeah, that's what's.
Speaker 4: Makes a point to say this in the letter every quarter,
Speaker 4: that what our guidance that we're giving is is like
Speaker 4: the internal guidance that we use, like we don't at it.
Speaker 4: We you know, what you see is what you get.
Speaker 3: That's the number that they believe in and stick to. Yeah,
Speaker 3: we've been talking about this a lot. You know, we
Speaker 3: also just talked with our Felix Gillette, who covers the
Speaker 3: media and entertainment industry, and you know, this is the
Speaker 3: massive player in the streaming area by a wide margin.
Speaker 3: So I invented it right, exactly.
Speaker 1: So, but they got a lot of competition, like we
Speaker 1: were talking about yesterday. Yeah, there's just so many options
Speaker 1: for streaming services when you go to sit down on
Speaker 1: the couch at night.
Speaker 4: But Netflix would say our biggest competition is YouTube and
Speaker 4: that's not even something exactly, Yeah that people think about
Speaker 4: as like, you know.
Speaker 3: Streaming exactly or you could sleep, Yeah.
Speaker 4: You could just not on a Friday night, Carol, just
Speaker 4: say it's pizza and Netflix.
Speaker 3: I know that's for HBO or some step stars. I
Speaker 3: don't know.
Speaker 4: All right, let's move on United Airlines also on your radar.
Speaker 1: Yes, so we're seeing a pretty big rally today in
Speaker 1: airline consumer discretion stocks. I picked United specifically because they're
Speaker 1: up well, they were up in the double digits now
Speaker 1: up just about seven percent, about eleven percent pop a
Speaker 1: little bit earlier for that stock. Ual is the ticker.
Speaker 1: And again this is all coming on traders kind of
Speaker 1: reading the recent geopolitical news as positive for the equity market.
Speaker 1: We had earlier today, Iron saying they would open the
Speaker 1: strait of horn Moose, So that's brought oil prices at
Speaker 1: least today down. That was something that was really pressuring
Speaker 1: these airline stocks, the idea that energy prices were going
Speaker 1: to go higher. Airlines, We're going to have to pay
Speaker 1: more for jet fuel. At least in the trade today,
Speaker 1: that move is you know, erasing itself, and we're seeing
Speaker 1: these airlines stocks higher.
Speaker 3: All nine names in the S and P Supercomposite Airline
Speaker 3: Index are higher in today's session. So you see discretionaire overall,
Speaker 3: and a lot of travel like cruise lines, right, who
Speaker 3: are obviously are impacted by all of this. All right,
Speaker 3: let's get to I love that you're going to go here.
Speaker 3: I'm thinking to add this to my gainer Listka.
Speaker 1: Well, yeah, because I was going to pick a cruise line,
Speaker 1: but I thought that was the matic love just the
Speaker 1: same as United Airlines. So I'm actually going with my
Speaker 1: strategy formerly known as micro Strategy, the ticker MSTR. Of course,
Speaker 1: this is the bitcoin holding company, so it's very tied
Speaker 1: to risk on moves in the equity market and of
Speaker 1: course a move in bitcoin. So we're seeing bitcoin above
Speaker 1: seventy seven thousand, and that's the first time in a
Speaker 1: couple of weeks that we've seen I think the first
Speaker 1: time since February that we've seen it top seventy eight thousand. Again,
Speaker 1: all on this risk, on on this positive development in
Speaker 1: the geopolity.
Speaker 4: Micro strategy up, sorry, strategy up more than ten percent
Speaker 4: as a result.
Speaker 1: Yes, yeah, of today about ten percent.
Speaker 3: Big move to thepside. Emily Grafel, Thank you, OA Stockmovers.
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Speaker 4: Mm hmm