WEBVTT - Meta Falls, Chipotle Plunges, Eli Lilly Jumps

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Those who are the some stock movers, some individual stock movers.

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<v Speaker 2>Today we go to Nora Melinda nor what are you

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<v Speaker 2>looking at? What we're seeing? Information technology is the worst

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<v Speaker 2>performing sector in the S and P five hundred and

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<v Speaker 2>this is no surprise, with a lot of the mag

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<v Speaker 2>seven stocks falling, of course, many of this led by Meta.

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<v Speaker 2>We're seeing shares of Meta down as much as fourteen percent.

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<v Speaker 2>This is the worst day that we're seeing here for

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<v Speaker 2>the company in over a year. And this is really

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<v Speaker 2>investors being spooked by spending here. So we're hearing a

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<v Speaker 2>lot of heavy spending from a lot of these AI

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<v Speaker 2>giants here, but it's really about whether or not they're

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<v Speaker 2>able to back up everything that they're putting down and

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<v Speaker 2>pouring their money into. And it seems as though Wall

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<v Speaker 2>Street is really closely scrutinizing Meta here. In particular, they

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<v Speaker 2>are planning to raise at least twenty five billion dollars

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<v Speaker 2>in an investment grade bond sale today. But of course,

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<v Speaker 2>if we look at Alphabet, Meta, Microsoft altogether, they're about

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<v Speaker 2>to rack up as much as seventy eight billion dollars

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<v Speaker 2>in CAPEX last quarter, especially as they really just underscore

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<v Speaker 2>these AI bets they have here. But you really are

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<v Speaker 2>seeing shares of Meta taking it to the chin here.

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<v Speaker 1>Speaking of taking it to the chin, let's look at Chipotlet.

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<v Speaker 2>The worst performing stock in the S and P five hundred.

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<v Speaker 2>I love to talk about food, honestly, so this is

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<v Speaker 2>a great moment for me. But shares of Chipotlet in

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<v Speaker 2>focus here ticker CMG, and they're falling, I mean, dismal

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<v Speaker 2>performance here, worse stay since twenty twelve, falling as much

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<v Speaker 2>as twenty two percent. This stuff of the company cut

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<v Speaker 2>its outlooked for the year. They're saying that diners are

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<v Speaker 2>pulling back from eating out, and they're really worried about

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<v Speaker 2>consumers brending more broadly. But also they attributed rising costs

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<v Speaker 2>to an increase in beef prices and the impact of

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<v Speaker 2>new tariffs here. So it's really about what the CEO

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<v Speaker 2>can do in this moment to really paint a turnaround story,

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<v Speaker 2>especially for a company that's down about forty six percent

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<v Speaker 2>so far this year. Another one out there.

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<v Speaker 1>Eli Lilly's a good one today.

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<v Speaker 2>Yes, ticker l l Y. We're seeing shares of Elie

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<v Speaker 2>up a guidance boost here. We are seeing shares up

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<v Speaker 2>as much as three point seven percent right now in trading.

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<v Speaker 2>It's after it raised its full year guidance revenue from

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<v Speaker 2>its weight loss drug and then diabetes drug usus Manjarro

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<v Speaker 2>and zet Bound. Of course, these really having a combined

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<v Speaker 2>nearly one point three billion dollars here in terms of

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<v Speaker 2>expectations for that, and we did see a beat here

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<v Speaker 2>as we look at these two drugs. So you're really

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<v Speaker 2>are seeing Wall Street coming behind the stock rallying. Shares

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<v Speaker 2>of Elilily up about nine percent so far this year.

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<v Speaker 1>The Stock Mover's Report from Bloomberg Radio. Check back with

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