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 2: Let's get a look at some stocks on the move today.
Speaker 2: Scarlett Food with Paul Sweeney, and I want to welcome
Speaker 2: Janita Sakova.
Speaker 1: She's a cross.
Speaker 2: Ass a reporter here at Bloomberg News. Janita, what are
Speaker 2: you taking a look at?
Speaker 1: We're taking another look at Netflix. It's just like that
Speaker 1: continuation after the earning. The companies down more than one
Speaker 1: percent the ticker, of course NFLX. The total drolldown from
Speaker 1: top is thirty seven percent, And obviously a lot of
Speaker 1: it was started with the Netflix deal. But what we
Speaker 1: heard today is Paramounts Guidance again extension its stender offer
Speaker 1: for Warner Bros. Discovery. Of course that has happened. This
Speaker 1: is maybe the second or the third time it happened.
Speaker 1: Their tender offer came on December eighth, then they extended
Speaker 1: it for another month on December twenty twenty two, December
Speaker 1: twenty second, and now there is another extension. But it's
Speaker 1: interesting that no matter what happens, Netflix has been punished
Speaker 1: in the last few weeks. Warner Browners is planning a
Speaker 1: special meeting to approve the Netflix deal by April. Some
Speaker 1: of the earnings announcements we have is perhaps one reason
Speaker 1: investor sentiment is really soaring on that company. Netflix shares
Speaker 1: tumbode on Wednesday after the company issued a disappointing forecast
Speaker 1: for earnings. One interesting number is closing the Warner Brothers deal,
Speaker 1: we will add two hundred and seventy five million in
Speaker 1: costs for this year on top of the sixty million
Speaker 1: spent through the end of twenty twenty five. Of course,
Speaker 1: Netflix will post share boy bags to accumulate cash. So
Speaker 1: a lot of changes, and investors haven't had too much
Speaker 1: of a positive reactions to that.
Speaker 2: Very good.
Speaker 1: How about Caravana. Caravan is having a pretty good day,
Speaker 1: and I feel so the start of the year. Analysts
Speaker 1: have been very generous at company. Shares are up about
Speaker 1: three percent. The ticker is CVNA. Barkleys today boost this
Speaker 1: price target on the online car selling platform. It's a
Speaker 1: pretty big boost. It used to be four hundred and
Speaker 1: sixty five dollars now we have five hundred and thirty.
Speaker 1: They're pretty bullish on the profit estimated as well. It's
Speaker 1: about seven dollars forty six cents, much higher than before.
Speaker 1: It's actually coming on the back of quite a few upgrades.
Speaker 1: Earlier we had ubs analysts Joseph pac raised the target.
Speaker 1: It's also pretty solid, raised from four hundred and fifty
Speaker 1: to five hundred forty five doors and there was a
Speaker 1: big analyst note from Morgan Stanley that maybe started a
Speaker 1: lot of that bullishness we're seeing. They said earlier this month,
Speaker 1: the Kravana's acquisition of another new car dealership this was
Speaker 1: last year is an early adopting Robotaxi metro area, so
Speaker 1: that's really helping, and they're seeing a very bullish case.
Speaker 1: Of course, they have a few different targets, but the
Speaker 1: bookcase target is seven hundred and fifty dollars, so they
Speaker 1: see incredible potential. That's, of course, one way to do
Speaker 1: it is they maybe partner with way Moo. That's what
Speaker 1: Morgan Stanley suggests, but definitely an interesting story to watch.
Speaker 1: Company has been up more than one hundred percent last
Speaker 1: year and last one last one. Proctor and game Ball
Speaker 1: shares a rising. Executives are signaling sales are rebounding. Ticker
Speaker 1: is PG stock is up nearly three percent. The chief
Speaker 1: executive set sales will increase during the next six months.
Speaker 1: The report wasn't all great. We know the company was
Speaker 1: down fifteen percent last year. The company reported flat organic sales,
Speaker 1: so that's perhaps one reasons investors were worried. In earlier
Speaker 1: training the company was actually fell more than two percent
Speaker 1: after earnings, but later we're seeing some relief there. It's
Speaker 1: an interesting space to watch company that was under a
Speaker 1: lot of pressure, but we've seen some relief and investors
Speaker 1: are quite positive about it.
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