WEBVTT - Netflix Drops, Carvana Climbs, P&G Rises on Assurance US Sales Are Bouncing Back

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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 2>Let's get a look at some stocks on the move today.

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<v Speaker 2>Scarlett Food with Paul Sweeney, and I want to welcome

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<v Speaker 2>Janita Sakova.

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<v Speaker 1>She's a cross.

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<v Speaker 2>Ass a reporter here at Bloomberg News. Janita, what are

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<v Speaker 2>you taking a look at?

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<v Speaker 1>We're taking another look at Netflix. It's just like that

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<v Speaker 1>continuation after the earning. The companies down more than one

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<v Speaker 1>percent the ticker, of course NFLX. The total drolldown from

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<v Speaker 1>top is thirty seven percent, And obviously a lot of

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<v Speaker 1>it was started with the Netflix deal. But what we

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<v Speaker 1>heard today is Paramounts Guidance again extension its stender offer

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<v Speaker 1>for Warner Bros. Discovery. Of course that has happened. This

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<v Speaker 1>is maybe the second or the third time it happened.

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<v Speaker 1>Their tender offer came on December eighth, then they extended

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<v Speaker 1>it for another month on December twenty twenty two, December

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<v Speaker 1>twenty second, and now there is another extension. But it's

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<v Speaker 1>interesting that no matter what happens, Netflix has been punished

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<v Speaker 1>in the last few weeks. Warner Browners is planning a

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<v Speaker 1>special meeting to approve the Netflix deal by April. Some

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<v Speaker 1>of the earnings announcements we have is perhaps one reason

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<v Speaker 1>investor sentiment is really soaring on that company. Netflix shares

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<v Speaker 1>tumbode on Wednesday after the company issued a disappointing forecast

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<v Speaker 1>for earnings. One interesting number is closing the Warner Brothers deal,

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<v Speaker 1>we will add two hundred and seventy five million in

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<v Speaker 1>costs for this year on top of the sixty million

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<v Speaker 1>spent through the end of twenty twenty five. Of course,

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<v Speaker 1>Netflix will post share boy bags to accumulate cash. So

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<v Speaker 1>a lot of changes, and investors haven't had too much

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<v Speaker 1>of a positive reactions to that.

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<v Speaker 2>Very good.

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<v Speaker 1>How about Caravana. Caravan is having a pretty good day,

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<v Speaker 1>and I feel so the start of the year. Analysts

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<v Speaker 1>have been very generous at company. Shares are up about

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<v Speaker 1>three percent. The ticker is CVNA. Barkleys today boost this

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<v Speaker 1>price target on the online car selling platform. It's a

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<v Speaker 1>pretty big boost. It used to be four hundred and

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<v Speaker 1>sixty five dollars now we have five hundred and thirty.

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<v Speaker 1>They're pretty bullish on the profit estimated as well. It's

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<v Speaker 1>about seven dollars forty six cents, much higher than before.

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<v Speaker 1>It's actually coming on the back of quite a few upgrades.

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<v Speaker 1>Earlier we had ubs analysts Joseph pac raised the target.

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<v Speaker 1>It's also pretty solid, raised from four hundred and fifty

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<v Speaker 1>to five hundred forty five doors and there was a

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<v Speaker 1>big analyst note from Morgan Stanley that maybe started a

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<v Speaker 1>lot of that bullishness we're seeing. They said earlier this month,

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<v Speaker 1>the Kravana's acquisition of another new car dealership this was

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<v Speaker 1>last year is an early adopting Robotaxi metro area, so

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<v Speaker 1>that's really helping, and they're seeing a very bullish case.

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<v Speaker 1>Of course, they have a few different targets, but the

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<v Speaker 1>bookcase target is seven hundred and fifty dollars, so they

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<v Speaker 1>see incredible potential. That's, of course, one way to do

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<v Speaker 1>it is they maybe partner with way Moo. That's what

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<v Speaker 1>Morgan Stanley suggests, but definitely an interesting story to watch.

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<v Speaker 1>Company has been up more than one hundred percent last

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<v Speaker 1>year and last one last one. Proctor and game Ball

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<v Speaker 1>shares a rising. Executives are signaling sales are rebounding. Ticker

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<v Speaker 1>is PG stock is up nearly three percent. The chief

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<v Speaker 1>executive set sales will increase during the next six months.

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<v Speaker 1>The report wasn't all great. We know the company was

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<v Speaker 1>down fifteen percent last year. The company reported flat organic sales,

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<v Speaker 1>so that's perhaps one reasons investors were worried. In earlier

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<v Speaker 1>training the company was actually fell more than two percent

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<v Speaker 1>after earnings, but later we're seeing some relief there. It's

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<v Speaker 1>an interesting space to watch company that was under a

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<v Speaker 1>lot of pressure, but we've seen some relief and investors

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<v Speaker 1>are quite positive about it.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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