1 00:00:02,520 --> 00:00:07,360 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 00:00:16,840 --> 00:00:19,960 Speaker 2: Let's get a look at some stocks on the move today. 5 00:00:20,000 --> 00:00:22,599 Speaker 2: Scarlett Food with Paul Sweeney, and I want to welcome 6 00:00:22,800 --> 00:00:23,800 Speaker 2: Janita Sakova. 7 00:00:23,920 --> 00:00:25,000 Speaker 1: She's a cross. 8 00:00:24,720 --> 00:00:26,920 Speaker 2: Ass a reporter here at Bloomberg News. Janita, what are 9 00:00:26,920 --> 00:00:27,680 Speaker 2: you taking a look at? 10 00:00:28,000 --> 00:00:30,840 Speaker 1: We're taking another look at Netflix. It's just like that 11 00:00:30,960 --> 00:00:34,279 Speaker 1: continuation after the earning. The companies down more than one 12 00:00:34,320 --> 00:00:39,200 Speaker 1: percent the ticker, of course NFLX. The total drolldown from 13 00:00:39,240 --> 00:00:42,839 Speaker 1: top is thirty seven percent, And obviously a lot of 14 00:00:42,840 --> 00:00:45,479 Speaker 1: it was started with the Netflix deal. But what we 15 00:00:45,520 --> 00:00:50,120 Speaker 1: heard today is Paramounts Guidance again extension its stender offer 16 00:00:50,159 --> 00:00:53,600 Speaker 1: for Warner Bros. Discovery. Of course that has happened. This 17 00:00:53,640 --> 00:00:55,840 Speaker 1: is maybe the second or the third time it happened. 18 00:00:55,840 --> 00:00:59,200 Speaker 1: Their tender offer came on December eighth, then they extended 19 00:00:59,240 --> 00:01:02,840 Speaker 1: it for another month on December twenty twenty two, December 20 00:01:02,960 --> 00:01:05,720 Speaker 1: twenty second, and now there is another extension. But it's 21 00:01:05,760 --> 00:01:09,160 Speaker 1: interesting that no matter what happens, Netflix has been punished 22 00:01:09,880 --> 00:01:14,280 Speaker 1: in the last few weeks. Warner Browners is planning a 23 00:01:14,280 --> 00:01:18,240 Speaker 1: special meeting to approve the Netflix deal by April. Some 24 00:01:18,319 --> 00:01:22,679 Speaker 1: of the earnings announcements we have is perhaps one reason 25 00:01:22,920 --> 00:01:27,040 Speaker 1: investor sentiment is really soaring on that company. Netflix shares 26 00:01:27,120 --> 00:01:31,080 Speaker 1: tumbode on Wednesday after the company issued a disappointing forecast 27 00:01:31,240 --> 00:01:35,520 Speaker 1: for earnings. One interesting number is closing the Warner Brothers deal, 28 00:01:35,800 --> 00:01:38,200 Speaker 1: we will add two hundred and seventy five million in 29 00:01:38,240 --> 00:01:40,560 Speaker 1: costs for this year on top of the sixty million 30 00:01:40,600 --> 00:01:44,600 Speaker 1: spent through the end of twenty twenty five. Of course, 31 00:01:44,640 --> 00:01:49,080 Speaker 1: Netflix will post share boy bags to accumulate cash. So 32 00:01:49,360 --> 00:01:53,520 Speaker 1: a lot of changes, and investors haven't had too much 33 00:01:53,520 --> 00:01:54,720 Speaker 1: of a positive reactions to that. 34 00:01:55,880 --> 00:01:56,280 Speaker 2: Very good. 35 00:01:56,640 --> 00:02:00,240 Speaker 1: How about Caravana. Caravan is having a pretty good day, 36 00:02:00,480 --> 00:02:03,200 Speaker 1: and I feel so the start of the year. Analysts 37 00:02:03,240 --> 00:02:06,760 Speaker 1: have been very generous at company. Shares are up about 38 00:02:06,800 --> 00:02:12,040 Speaker 1: three percent. The ticker is CVNA. Barkleys today boost this 39 00:02:12,160 --> 00:02:15,000 Speaker 1: price target on the online car selling platform. It's a 40 00:02:15,040 --> 00:02:16,880 Speaker 1: pretty big boost. It used to be four hundred and 41 00:02:16,880 --> 00:02:19,840 Speaker 1: sixty five dollars now we have five hundred and thirty. 42 00:02:19,960 --> 00:02:22,240 Speaker 1: They're pretty bullish on the profit estimated as well. It's 43 00:02:22,240 --> 00:02:25,440 Speaker 1: about seven dollars forty six cents, much higher than before. 44 00:02:25,600 --> 00:02:29,359 Speaker 1: It's actually coming on the back of quite a few upgrades. 45 00:02:29,760 --> 00:02:33,960 Speaker 1: Earlier we had ubs analysts Joseph pac raised the target. 46 00:02:34,120 --> 00:02:37,360 Speaker 1: It's also pretty solid, raised from four hundred and fifty 47 00:02:37,400 --> 00:02:40,839 Speaker 1: to five hundred forty five doors and there was a 48 00:02:40,880 --> 00:02:45,120 Speaker 1: big analyst note from Morgan Stanley that maybe started a 49 00:02:45,200 --> 00:02:48,760 Speaker 1: lot of that bullishness we're seeing. They said earlier this month, 50 00:02:48,800 --> 00:02:52,799 Speaker 1: the Kravana's acquisition of another new car dealership this was 51 00:02:52,880 --> 00:02:56,840 Speaker 1: last year is an early adopting Robotaxi metro area, so 52 00:02:56,880 --> 00:03:00,680 Speaker 1: that's really helping, and they're seeing a very bullish case. 53 00:03:00,680 --> 00:03:02,680 Speaker 1: Of course, they have a few different targets, but the 54 00:03:02,720 --> 00:03:07,240 Speaker 1: bookcase target is seven hundred and fifty dollars, so they 55 00:03:07,360 --> 00:03:11,480 Speaker 1: see incredible potential. That's, of course, one way to do 56 00:03:11,520 --> 00:03:13,760 Speaker 1: it is they maybe partner with way Moo. That's what 57 00:03:13,800 --> 00:03:17,520 Speaker 1: Morgan Stanley suggests, but definitely an interesting story to watch. 58 00:03:17,560 --> 00:03:19,639 Speaker 1: Company has been up more than one hundred percent last 59 00:03:19,680 --> 00:03:22,600 Speaker 1: year and last one last one. Proctor and game Ball 60 00:03:22,680 --> 00:03:27,160 Speaker 1: shares a rising. Executives are signaling sales are rebounding. Ticker 61 00:03:27,440 --> 00:03:31,280 Speaker 1: is PG stock is up nearly three percent. The chief 62 00:03:31,280 --> 00:03:34,200 Speaker 1: executive set sales will increase during the next six months. 63 00:03:34,760 --> 00:03:36,840 Speaker 1: The report wasn't all great. We know the company was 64 00:03:36,880 --> 00:03:42,280 Speaker 1: down fifteen percent last year. The company reported flat organic sales, 65 00:03:42,320 --> 00:03:46,120 Speaker 1: so that's perhaps one reasons investors were worried. In earlier 66 00:03:46,160 --> 00:03:49,800 Speaker 1: training the company was actually fell more than two percent 67 00:03:49,880 --> 00:03:53,800 Speaker 1: after earnings, but later we're seeing some relief there. It's 68 00:03:53,800 --> 00:03:56,320 Speaker 1: an interesting space to watch company that was under a 69 00:03:56,320 --> 00:03:58,720 Speaker 1: lot of pressure, but we've seen some relief and investors 70 00:03:58,760 --> 00:03:59,960 Speaker 1: are quite positive about it. 71 00:04:01,120 --> 00:04:05,320 Speaker 2: The Stockmover's report from Bloomberg Radio. 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