1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,880 Speaker 1: I'm Tim Stattebeck along with Carol Master. Let's take a 5 00:00:18,920 --> 00:00:21,079 Speaker 1: look at some stocks on the move today with us 6 00:00:21,160 --> 00:00:24,920 Speaker 1: is Bloomberg Television Markets correspondent Nora Melenda Nor are you're 7 00:00:24,920 --> 00:00:26,280 Speaker 1: watching some big ones today? 8 00:00:26,640 --> 00:00:29,040 Speaker 3: So many tech stocks really in focus this entire week, 9 00:00:29,080 --> 00:00:30,920 Speaker 3: But we're looking at shars of Apple today. Let's take 10 00:00:30,920 --> 00:00:35,159 Speaker 3: your AAPL and they are seeing them rallying earlier but 11 00:00:35,240 --> 00:00:39,040 Speaker 3: then pairing into the red. But we're now about unchanged here, 12 00:00:39,159 --> 00:00:41,800 Speaker 3: just above flat. But this is after the company reported 13 00:00:41,800 --> 00:00:44,000 Speaker 3: a strong holiday outlook, but they did talk about a 14 00:00:44,040 --> 00:00:46,880 Speaker 3: sales decline in China, so that has definitely been weighing 15 00:00:46,920 --> 00:00:48,640 Speaker 3: here on the stock. Is a lot of the street 16 00:00:48,680 --> 00:00:51,199 Speaker 3: just really tries to grapple with what is going on 17 00:00:51,280 --> 00:00:53,960 Speaker 3: here in the earnings and parsing it piece by piece here. 18 00:00:54,160 --> 00:00:55,440 Speaker 3: But I mean they were seeing a lot of the 19 00:00:55,480 --> 00:00:58,360 Speaker 3: newer iPhones is what actually lifted some of the metrics here. 20 00:00:58,400 --> 00:01:01,440 Speaker 2: So that's around big time bouncing market, but it like 21 00:01:01,520 --> 00:01:04,200 Speaker 2: sold after earnings came out, and then it bounced back. 22 00:01:04,560 --> 00:01:06,640 Speaker 1: Some comments, you know, all over the map CFO made 23 00:01:06,680 --> 00:01:09,640 Speaker 1: or that Apple was putting out essentially to different publications 24 00:01:09,640 --> 00:01:11,760 Speaker 1: that talked about, hey, actually we are going to see 25 00:01:11,760 --> 00:01:12,479 Speaker 1: some growth this quarter. 26 00:01:12,840 --> 00:01:15,000 Speaker 2: Right today, we're not so impressed. 27 00:01:15,040 --> 00:01:17,320 Speaker 3: Yeah, it doesn't seem to be too impressant. Now into 28 00:01:17,360 --> 00:01:20,959 Speaker 3: the rate red and we're bopping around, really bouncing all 29 00:01:20,959 --> 00:01:23,360 Speaker 3: over the map right now as people really just trying 30 00:01:23,400 --> 00:01:24,840 Speaker 3: to get an idea of what they feel about it. 31 00:01:25,000 --> 00:01:26,280 Speaker 1: I was just looking at what it's done for the 32 00:01:26,280 --> 00:01:27,840 Speaker 1: week overall. I'm just curious. 33 00:01:28,480 --> 00:01:31,120 Speaker 2: Let's pull it up. I know, I'm just kind of 34 00:01:31,120 --> 00:01:31,640 Speaker 2: in that mood. 35 00:01:31,720 --> 00:01:33,000 Speaker 1: Three and quarter percent higher. 36 00:01:33,240 --> 00:01:34,240 Speaker 3: Yeah, well, there you go. 37 00:01:34,959 --> 00:01:39,120 Speaker 1: Okay, long term, long term, okay, all right, just another 38 00:01:39,200 --> 00:01:40,920 Speaker 1: mag seven Amazon. 39 00:01:40,680 --> 00:01:43,600 Speaker 3: Okay, this has definitely been an outperformer here among all 40 00:01:43,680 --> 00:01:45,600 Speaker 3: the mag seven stocks. Of course, this has really been 41 00:01:45,600 --> 00:01:46,840 Speaker 3: one of the biggest gainers in the S and P 42 00:01:46,920 --> 00:01:49,720 Speaker 3: five hundred as well. Tick our am z in we're 43 00:01:49,760 --> 00:01:54,000 Speaker 3: seeing shares rallying for double digit gains earlier, up for 44 00:01:54,080 --> 00:01:57,120 Speaker 3: the highest level on record. Really just a stellar day 45 00:01:57,120 --> 00:01:59,440 Speaker 3: for the company here. So really people have been looking 46 00:01:59,520 --> 00:02:02,920 Speaker 3: a lot in the cloud segment here, of course, aws 47 00:02:03,040 --> 00:02:06,480 Speaker 3: really in focus a thirty three billion dollar revenue that 48 00:02:06,600 --> 00:02:10,200 Speaker 3: was reported here. The revenue is up twenty percent higher 49 00:02:10,240 --> 00:02:12,440 Speaker 3: than what we saw last year. So you really are 50 00:02:12,480 --> 00:02:15,160 Speaker 3: seeing the street really just feeling a little bit more 51 00:02:15,240 --> 00:02:18,280 Speaker 3: comfortable or a little bit less stressed out about fears 52 00:02:18,280 --> 00:02:20,440 Speaker 3: of an AI bubble, at least in particular for this 53 00:02:20,480 --> 00:02:24,280 Speaker 3: company here. For Amazon, Yeah, for Amazon. I mean, if 54 00:02:24,320 --> 00:02:27,240 Speaker 3: you think about it versus Meta, what we just got yesterday, 55 00:02:27,280 --> 00:02:28,240 Speaker 3: everyone was thinking about. 56 00:02:28,680 --> 00:02:30,480 Speaker 1: That's why I'm so wacky that AI spend. 57 00:02:30,480 --> 00:02:31,840 Speaker 2: We just talked, you know, we've talked with. 58 00:02:31,800 --> 00:02:35,160 Speaker 1: A lot of folks, Yeah, about and the perception and 59 00:02:35,560 --> 00:02:37,800 Speaker 1: how investors, you know, reacted. 60 00:02:38,080 --> 00:02:39,360 Speaker 2: Yeah, the same for all the companies. 61 00:02:39,360 --> 00:02:41,040 Speaker 3: So just picking at each of them. 62 00:02:41,880 --> 00:02:42,600 Speaker 1: Yeah, exactly. 63 00:02:42,960 --> 00:02:43,240 Speaker 3: Okay. 64 00:02:43,240 --> 00:02:46,840 Speaker 1: Also on your radar today is Netflix stock that's firmly 65 00:02:46,880 --> 00:02:47,320 Speaker 1: in the green. 66 00:02:47,639 --> 00:02:49,639 Speaker 3: Firmly in the green, and this is after the company 67 00:02:49,680 --> 00:02:51,840 Speaker 3: announced a ten for one stock split. 68 00:02:52,080 --> 00:02:53,800 Speaker 1: I'm going to talk about this in just a second, 69 00:02:53,880 --> 00:02:56,760 Speaker 1: are we go? Yeah, I'm going to get on my 70 00:02:57,080 --> 00:02:57,920 Speaker 1: hey horse, all. 71 00:02:57,880 --> 00:03:01,360 Speaker 3: Right, Tim, I can't wait. But I mean, of course, 72 00:03:01,360 --> 00:03:03,440 Speaker 3: this is a stock where each share is more than 73 00:03:03,440 --> 00:03:06,920 Speaker 3: one thousand dollars it's been quite expensive lofty here, but 74 00:03:06,960 --> 00:03:09,200 Speaker 3: I mean the company is essentially just going to be 75 00:03:09,919 --> 00:03:13,519 Speaker 3: making a bit more affordable for its employees stock options. 76 00:03:13,760 --> 00:03:16,280 Speaker 3: And of course the bid here that we do know 77 00:03:16,400 --> 00:03:19,840 Speaker 3: and focus has really been about Netflix exploring a bid 78 00:03:19,880 --> 00:03:23,680 Speaker 3: for Warner Brothers studio Warner brother Discovery, So that's also 79 00:03:23,760 --> 00:03:26,880 Speaker 3: been something that the street has really been digesting here. 80 00:03:26,919 --> 00:03:29,160 Speaker 3: We're looking at shares up about three percent so far, 81 00:03:29,240 --> 00:03:31,200 Speaker 3: but twenty five percent on the year. 82 00:03:31,160 --> 00:03:32,320 Speaker 2: For to go here, we go. 83 00:03:32,880 --> 00:03:34,200 Speaker 1: I didn't have time to talk about this with Laura 84 00:03:34,240 --> 00:03:35,960 Speaker 1: Marred when we interviewed her. If you missed, I know, 85 00:03:36,080 --> 00:03:38,120 Speaker 1: I didn't have time to put like to give my 86 00:03:38,640 --> 00:03:41,160 Speaker 1: two cents. Okay, we're listening. But what did she say? 87 00:03:41,360 --> 00:03:42,000 Speaker 2: She likes it. 88 00:03:42,080 --> 00:03:44,320 Speaker 1: She said it makes it more accessible to me. My 89 00:03:44,400 --> 00:03:47,120 Speaker 1: response to that, if I had time and now I 90 00:03:47,160 --> 00:03:50,800 Speaker 1: do good would have been, well, it's already very accessible 91 00:03:50,920 --> 00:03:53,920 Speaker 1: on stock on retail trading platforms such as Robinhood. 92 00:03:53,960 --> 00:03:54,240 Speaker 2: Okay. 93 00:03:54,240 --> 00:03:56,200 Speaker 1: In fact, when I was talking about this yesterday after 94 00:03:56,240 --> 00:03:58,320 Speaker 1: they announced this, and I said there's no fundamental change 95 00:03:58,360 --> 00:04:00,760 Speaker 1: to the stock with a stock split it, I got 96 00:04:00,800 --> 00:04:03,880 Speaker 1: a text message from somebody listening to our show who said, 97 00:04:03,960 --> 00:04:07,560 Speaker 1: I just bought twenty dollars of Amazon using robinhood. And 98 00:04:07,560 --> 00:04:10,920 Speaker 1: it doesn't mean the share price doesn't matter, because interesting 99 00:04:11,080 --> 00:04:13,520 Speaker 1: these days, you can buy fractional shares of stock. You 100 00:04:13,520 --> 00:04:16,479 Speaker 1: can say I want fifty dollars of Apple. Why fractional 101 00:04:16,520 --> 00:04:19,320 Speaker 1: owners like I don't have the answer to retail do that. 102 00:04:19,360 --> 00:04:20,800 Speaker 2: But in retail, I'm not sure. 103 00:04:20,960 --> 00:04:23,360 Speaker 1: Instead of just cobbling together, you know, five hundred and 104 00:04:23,440 --> 00:04:26,279 Speaker 1: sixty four dollars for said stock, put fifty dollars toward 105 00:04:26,320 --> 00:04:26,640 Speaker 1: a stock. 106 00:04:26,720 --> 00:04:28,880 Speaker 3: Yeah, it's a lot easier. We need some more viewers 107 00:04:28,920 --> 00:04:31,600 Speaker 3: to weigh in. I'm curious anecdotally, and. 108 00:04:31,560 --> 00:04:33,479 Speaker 1: Like I always whenever I talk about this second pushback, 109 00:04:33,560 --> 00:04:36,760 Speaker 1: you know, for the option stuff. Yeah, and you know, 110 00:04:36,800 --> 00:04:39,760 Speaker 1: and also for inclusion in certain industries. It's it's price 111 00:04:39,839 --> 00:04:43,240 Speaker 1: is important, but fundamentally nothing change changes about the stock. 112 00:04:43,279 --> 00:04:44,320 Speaker 1: But Laura Martin liked it. 113 00:04:44,440 --> 00:04:44,800 Speaker 2: She did. 114 00:04:44,920 --> 00:04:47,840 Speaker 1: Yeah, Yeah, are you done? I'm done? All right, good stuff, So. 115 00:04:47,880 --> 00:04:53,120 Speaker 2: Tell me everybody the Stock Mover's Report from Bloomberg Radio. 116 00:04:53,480 --> 00:04:55,640 Speaker 2: Check back with us throughout the day for the latest 117 00:04:55,680 --> 00:04:58,920 Speaker 2: roundup of companies making news on Wall Street and for 118 00:04:58,960 --> 00:05:02,919 Speaker 2: the latest market move being headlines. Listen to Bloomberg Radio Live. 119 00:05:03,320 --> 00:05:06,880 Speaker 2: Catch us on YouTube, Bloomberg dot com, and on Applecarplay 120 00:05:06,920 --> 00:05:09,520 Speaker 2: and Android Auto with the Bloomberg Business app.