Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Those who are the some stock movers, some individual stock movers.
Speaker 2: Today we go to Nora Melinda nor what are you
Speaker 2: looking at? What we're seeing? Information technology is the worst
Speaker 2: performing sector in the S and P five hundred and
Speaker 2: this is no surprise, with a lot of the mag
Speaker 2: seven stocks falling, of course, many of this led by Meta.
Speaker 2: We're seeing shares of Meta down as much as fourteen percent.
Speaker 2: This is the worst day that we're seeing here for
Speaker 2: the company in over a year. And this is really
Speaker 2: investors being spooked by spending here. So we're hearing a
Speaker 2: lot of heavy spending from a lot of these AI
Speaker 2: giants here, but it's really about whether or not they're
Speaker 2: able to back up everything that they're putting down and
Speaker 2: pouring their money into. And it seems as though Wall
Speaker 2: Street is really closely scrutinizing Meta here. In particular, they
Speaker 2: are planning to raise at least twenty five billion dollars
Speaker 2: in an investment grade bond sale today. But of course,
Speaker 2: if we look at Alphabet, Meta, Microsoft altogether, they're about
Speaker 2: to rack up as much as seventy eight billion dollars
Speaker 2: in CAPEX last quarter, especially as they really just underscore
Speaker 2: these AI bets they have here. But you really are
Speaker 2: seeing shares of Meta taking it to the chin here.
Speaker 1: Speaking of taking it to the chin, let's look at Chipotlet.
Speaker 2: The worst performing stock in the S and P five hundred.
Speaker 2: I love to talk about food, honestly, so this is
Speaker 2: a great moment for me. But shares of Chipotlet in
Speaker 2: focus here ticker CMG, and they're falling, I mean, dismal
Speaker 2: performance here, worse stay since twenty twelve, falling as much
Speaker 2: as twenty two percent. This stuff of the company cut
Speaker 2: its outlooked for the year. They're saying that diners are
Speaker 2: pulling back from eating out, and they're really worried about
Speaker 2: consumers brending more broadly. But also they attributed rising costs
Speaker 2: to an increase in beef prices and the impact of
Speaker 2: new tariffs here. So it's really about what the CEO
Speaker 2: can do in this moment to really paint a turnaround story,
Speaker 2: especially for a company that's down about forty six percent
Speaker 2: so far this year. Another one out there.
Speaker 1: Eli Lilly's a good one today.
Speaker 2: Yes, ticker l l Y. We're seeing shares of Elie
Speaker 2: up a guidance boost here. We are seeing shares up
Speaker 2: as much as three point seven percent right now in trading.
Speaker 2: It's after it raised its full year guidance revenue from
Speaker 2: its weight loss drug and then diabetes drug usus Manjarro
Speaker 2: and zet Bound. Of course, these really having a combined
Speaker 2: nearly one point three billion dollars here in terms of
Speaker 2: expectations for that, and we did see a beat here
Speaker 2: as we look at these two drugs. So you're really
Speaker 2: are seeing Wall Street coming behind the stock rallying. Shares
Speaker 2: of Elilily up about nine percent so far this year.
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