WEBVTT - Apple, Amazon, Netflix Rise After Earnings

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Tim Stattebeck along with Carol Master. Let's take a

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<v Speaker 1>look at some stocks on the move today with us

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<v Speaker 1>is Bloomberg Television Markets correspondent Nora Melenda Nor are you're

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<v Speaker 1>watching some big ones today?

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<v Speaker 3>So many tech stocks really in focus this entire week,

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<v Speaker 3>But we're looking at shars of Apple today. Let's take

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<v Speaker 3>your AAPL and they are seeing them rallying earlier but

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<v Speaker 3>then pairing into the red. But we're now about unchanged here,

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<v Speaker 3>just above flat. But this is after the company reported

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<v Speaker 3>a strong holiday outlook, but they did talk about a

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<v Speaker 3>sales decline in China, so that has definitely been weighing

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<v Speaker 3>here on the stock. Is a lot of the street

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<v Speaker 3>just really tries to grapple with what is going on

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<v Speaker 3>here in the earnings and parsing it piece by piece here.

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<v Speaker 3>But I mean they were seeing a lot of the

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<v Speaker 3>newer iPhones is what actually lifted some of the metrics here.

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<v Speaker 2>So that's around big time bouncing market, but it like

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<v Speaker 2>sold after earnings came out, and then it bounced back.

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<v Speaker 1>Some comments, you know, all over the map CFO made

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<v Speaker 1>or that Apple was putting out essentially to different publications

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<v Speaker 1>that talked about, hey, actually we are going to see

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<v Speaker 1>some growth this quarter.

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<v Speaker 2>Right today, we're not so impressed.

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<v Speaker 3>Yeah, it doesn't seem to be too impressant. Now into

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<v Speaker 3>the rate red and we're bopping around, really bouncing all

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<v Speaker 3>over the map right now as people really just trying

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<v Speaker 3>to get an idea of what they feel about it.

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<v Speaker 1>I was just looking at what it's done for the

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<v Speaker 1>week overall. I'm just curious.

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<v Speaker 2>Let's pull it up. I know, I'm just kind of

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<v Speaker 2>in that mood.

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<v Speaker 1>Three and quarter percent higher.

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<v Speaker 3>Yeah, well, there you go.

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<v Speaker 1>Okay, long term, long term, okay, all right, just another

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<v Speaker 1>mag seven Amazon.

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<v Speaker 3>Okay, this has definitely been an outperformer here among all

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<v Speaker 3>the mag seven stocks. Of course, this has really been

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<v Speaker 3>one of the biggest gainers in the S and P

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<v Speaker 3>five hundred as well. Tick our am z in we're

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<v Speaker 3>seeing shares rallying for double digit gains earlier, up for

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<v Speaker 3>the highest level on record. Really just a stellar day

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<v Speaker 3>for the company here. So really people have been looking

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<v Speaker 3>a lot in the cloud segment here, of course, aws

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<v Speaker 3>really in focus a thirty three billion dollar revenue that

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<v Speaker 3>was reported here. The revenue is up twenty percent higher

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<v Speaker 3>than what we saw last year. So you really are

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<v Speaker 3>seeing the street really just feeling a little bit more

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<v Speaker 3>comfortable or a little bit less stressed out about fears

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<v Speaker 3>of an AI bubble, at least in particular for this

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<v Speaker 3>company here. For Amazon, Yeah, for Amazon. I mean, if

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<v Speaker 3>you think about it versus Meta, what we just got yesterday,

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<v Speaker 3>everyone was thinking about.

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<v Speaker 1>That's why I'm so wacky that AI spend.

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<v Speaker 2>We just talked, you know, we've talked with.

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<v Speaker 1>A lot of folks, Yeah, about and the perception and

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<v Speaker 1>how investors, you know, reacted.

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<v Speaker 2>Yeah, the same for all the companies.

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<v Speaker 3>So just picking at each of them.

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<v Speaker 1>Yeah, exactly.

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<v Speaker 3>Okay.

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<v Speaker 1>Also on your radar today is Netflix stock that's firmly

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<v Speaker 1>in the green.

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<v Speaker 3>Firmly in the green, and this is after the company

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<v Speaker 3>announced a ten for one stock split.

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<v Speaker 1>I'm going to talk about this in just a second,

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<v Speaker 1>are we go? Yeah, I'm going to get on my

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<v Speaker 1>hey horse, all.

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<v Speaker 3>Right, Tim, I can't wait. But I mean, of course,

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<v Speaker 3>this is a stock where each share is more than

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<v Speaker 3>one thousand dollars it's been quite expensive lofty here, but

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<v Speaker 3>I mean the company is essentially just going to be

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<v Speaker 3>making a bit more affordable for its employees stock options.

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<v Speaker 3>And of course the bid here that we do know

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<v Speaker 3>and focus has really been about Netflix exploring a bid

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<v Speaker 3>for Warner Brothers studio Warner brother Discovery, So that's also

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<v Speaker 3>been something that the street has really been digesting here.

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<v Speaker 3>We're looking at shares up about three percent so far,

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<v Speaker 3>but twenty five percent on the year.

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<v Speaker 2>For to go here, we go.

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<v Speaker 1>I didn't have time to talk about this with Laura

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<v Speaker 1>Marred when we interviewed her. If you missed, I know,

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<v Speaker 1>I didn't have time to put like to give my

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<v Speaker 1>two cents. Okay, we're listening. But what did she say?

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<v Speaker 2>She likes it.

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<v Speaker 1>She said it makes it more accessible to me. My

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<v Speaker 1>response to that, if I had time and now I

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<v Speaker 1>do good would have been, well, it's already very accessible

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<v Speaker 1>on stock on retail trading platforms such as Robinhood.

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<v Speaker 2>Okay.

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<v Speaker 1>In fact, when I was talking about this yesterday after

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<v Speaker 1>they announced this, and I said there's no fundamental change

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<v Speaker 1>to the stock with a stock split it, I got

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<v Speaker 1>a text message from somebody listening to our show who said,

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<v Speaker 1>I just bought twenty dollars of Amazon using robinhood. And

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<v Speaker 1>it doesn't mean the share price doesn't matter, because interesting

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<v Speaker 1>these days, you can buy fractional shares of stock. You

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<v Speaker 1>can say I want fifty dollars of Apple. Why fractional

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<v Speaker 1>owners like I don't have the answer to retail do that.

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<v Speaker 2>But in retail, I'm not sure.

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<v Speaker 1>Instead of just cobbling together, you know, five hundred and

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<v Speaker 1>sixty four dollars for said stock, put fifty dollars toward

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<v Speaker 1>a stock.

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<v Speaker 3>Yeah, it's a lot easier. We need some more viewers

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<v Speaker 3>to weigh in. I'm curious anecdotally, and.

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<v Speaker 1>Like I always whenever I talk about this second pushback,

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<v Speaker 1>you know, for the option stuff. Yeah, and you know,

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<v Speaker 1>and also for inclusion in certain industries. It's it's price

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<v Speaker 1>is important, but fundamentally nothing change changes about the stock.

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<v Speaker 1>But Laura Martin liked it.

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<v Speaker 2>She did.

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<v Speaker 1>Yeah, Yeah, are you done? I'm done? All right, good stuff, So.

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<v Speaker 2>Tell me everybody the Stock Mover's Report from Bloomberg Radio.

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