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 1: I'm Tim Stattebeck along with Carol Master. Let's take a
Speaker 1: look at some stocks on the move today with us
Speaker 1: is Bloomberg Television Markets correspondent Nora Melenda Nor are you're
Speaker 1: watching some big ones today?
Speaker 3: So many tech stocks really in focus this entire week,
Speaker 3: But we're looking at shars of Apple today. Let's take
Speaker 3: your AAPL and they are seeing them rallying earlier but
Speaker 3: then pairing into the red. But we're now about unchanged here,
Speaker 3: just above flat. But this is after the company reported
Speaker 3: a strong holiday outlook, but they did talk about a
Speaker 3: sales decline in China, so that has definitely been weighing
Speaker 3: here on the stock. Is a lot of the street
Speaker 3: just really tries to grapple with what is going on
Speaker 3: here in the earnings and parsing it piece by piece here.
Speaker 3: But I mean they were seeing a lot of the
Speaker 3: newer iPhones is what actually lifted some of the metrics here.
Speaker 2: So that's around big time bouncing market, but it like
Speaker 2: sold after earnings came out, and then it bounced back.
Speaker 1: Some comments, you know, all over the map CFO made
Speaker 1: or that Apple was putting out essentially to different publications
Speaker 1: that talked about, hey, actually we are going to see
Speaker 1: some growth this quarter.
Speaker 2: Right today, we're not so impressed.
Speaker 3: Yeah, it doesn't seem to be too impressant. Now into
Speaker 3: the rate red and we're bopping around, really bouncing all
Speaker 3: over the map right now as people really just trying
Speaker 3: to get an idea of what they feel about it.
Speaker 1: I was just looking at what it's done for the
Speaker 1: week overall. I'm just curious.
Speaker 2: Let's pull it up. I know, I'm just kind of
Speaker 2: in that mood.
Speaker 1: Three and quarter percent higher.
Speaker 3: Yeah, well, there you go.
Speaker 1: Okay, long term, long term, okay, all right, just another
Speaker 1: mag seven Amazon.
Speaker 3: Okay, this has definitely been an outperformer here among all
Speaker 3: the mag seven stocks. Of course, this has really been
Speaker 3: one of the biggest gainers in the S and P
Speaker 3: five hundred as well. Tick our am z in we're
Speaker 3: seeing shares rallying for double digit gains earlier, up for
Speaker 3: the highest level on record. Really just a stellar day
Speaker 3: for the company here. So really people have been looking
Speaker 3: a lot in the cloud segment here, of course, aws
Speaker 3: really in focus a thirty three billion dollar revenue that
Speaker 3: was reported here. The revenue is up twenty percent higher
Speaker 3: than what we saw last year. So you really are
Speaker 3: seeing the street really just feeling a little bit more
Speaker 3: comfortable or a little bit less stressed out about fears
Speaker 3: of an AI bubble, at least in particular for this
Speaker 3: company here. For Amazon, Yeah, for Amazon. I mean, if
Speaker 3: you think about it versus Meta, what we just got yesterday,
Speaker 3: everyone was thinking about.
Speaker 1: That's why I'm so wacky that AI spend.
Speaker 2: We just talked, you know, we've talked with.
Speaker 1: A lot of folks, Yeah, about and the perception and
Speaker 1: how investors, you know, reacted.
Speaker 2: Yeah, the same for all the companies.
Speaker 3: So just picking at each of them.
Speaker 1: Yeah, exactly.
Speaker 3: Okay.
Speaker 1: Also on your radar today is Netflix stock that's firmly
Speaker 1: in the green.
Speaker 3: Firmly in the green, and this is after the company
Speaker 3: announced a ten for one stock split.
Speaker 1: I'm going to talk about this in just a second,
Speaker 1: are we go? Yeah, I'm going to get on my
Speaker 1: hey horse, all.
Speaker 3: Right, Tim, I can't wait. But I mean, of course,
Speaker 3: this is a stock where each share is more than
Speaker 3: one thousand dollars it's been quite expensive lofty here, but
Speaker 3: I mean the company is essentially just going to be
Speaker 3: making a bit more affordable for its employees stock options.
Speaker 3: And of course the bid here that we do know
Speaker 3: and focus has really been about Netflix exploring a bid
Speaker 3: for Warner Brothers studio Warner brother Discovery, So that's also
Speaker 3: been something that the street has really been digesting here.
Speaker 3: We're looking at shares up about three percent so far,
Speaker 3: but twenty five percent on the year.
Speaker 2: For to go here, we go.
Speaker 1: I didn't have time to talk about this with Laura
Speaker 1: Marred when we interviewed her. If you missed, I know,
Speaker 1: I didn't have time to put like to give my
Speaker 1: two cents. Okay, we're listening. But what did she say?
Speaker 2: She likes it.
Speaker 1: She said it makes it more accessible to me. My
Speaker 1: response to that, if I had time and now I
Speaker 1: do good would have been, well, it's already very accessible
Speaker 1: on stock on retail trading platforms such as Robinhood.
Speaker 2: Okay.
Speaker 1: In fact, when I was talking about this yesterday after
Speaker 1: they announced this, and I said there's no fundamental change
Speaker 1: to the stock with a stock split it, I got
Speaker 1: a text message from somebody listening to our show who said,
Speaker 1: I just bought twenty dollars of Amazon using robinhood. And
Speaker 1: it doesn't mean the share price doesn't matter, because interesting
Speaker 1: these days, you can buy fractional shares of stock. You
Speaker 1: can say I want fifty dollars of Apple. Why fractional
Speaker 1: owners like I don't have the answer to retail do that.
Speaker 2: But in retail, I'm not sure.
Speaker 1: Instead of just cobbling together, you know, five hundred and
Speaker 1: sixty four dollars for said stock, put fifty dollars toward
Speaker 1: a stock.
Speaker 3: Yeah, it's a lot easier. We need some more viewers
Speaker 3: to weigh in. I'm curious anecdotally, and.
Speaker 1: Like I always whenever I talk about this second pushback,
Speaker 1: you know, for the option stuff. Yeah, and you know,
Speaker 1: and also for inclusion in certain industries. It's it's price
Speaker 1: is important, but fundamentally nothing change changes about the stock.
Speaker 1: But Laura Martin liked it.
Speaker 2: She did.
Speaker 1: Yeah, Yeah, are you done? I'm done? All right, good stuff, So.
Speaker 2: Tell me everybody the Stock Mover's Report from Bloomberg Radio.
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Speaker 2: roundup of companies making news on Wall Street and for
Speaker 2: the latest market move being headlines. Listen to Bloomberg Radio Live.
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