1
00:00:02,520 --> 00:00:10,440
Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

2
00:00:10,800 --> 00:00:14,040
Speaker 1: your roundup of companies making moves in the stock market,

3
00:00:14,240 --> 00:00:16,480
Speaker 1: harnessing the power of Bloomberg data.

4
00:00:17,280 --> 00:00:19,239
Speaker 2: Right now, we need to take a look at some

5
00:00:19,360 --> 00:00:22,800
Speaker 2: stocks on the move today. We're joined by Bloomog' is

6
00:00:22,840 --> 00:00:23,520
Speaker 2: Lisa Matteo.

7
00:00:23,640 --> 00:00:25,919
Speaker 3: Lisa, I want to start with Tesla leading the mag

8
00:00:25,960 --> 00:00:28,520
Speaker 3: seven stocks. Lower shares have been down more than five

9
00:00:28,600 --> 00:00:32,560
Speaker 3: percent this morning. It's first quarter deliveries expected to release Wednesday,

10
00:00:32,720 --> 00:00:35,280
Speaker 3: but it really it snapped this nine week losing streak

11
00:00:35,400 --> 00:00:37,879
Speaker 3: last week. And you had Elon Musk. He was at

12
00:00:37,880 --> 00:00:39,920
Speaker 3: a town hall event in Wisconsin over the weekend and

13
00:00:39,920 --> 00:00:42,800
Speaker 3: he said that his DoD roll it's costing him a lot.

14
00:00:42,920 --> 00:00:46,320
Speaker 3: His words, Kessela shares roser record high in the month

15
00:00:46,320 --> 00:00:49,199
Speaker 3: after Trump was elected. But here's the thing. They've dropped

16
00:00:49,400 --> 00:00:53,400
Speaker 3: forty five percent since their December seventeenth week. And then

17
00:00:53,479 --> 00:00:56,520
Speaker 3: you go to Mus's own personal wealth itself declined by

18
00:00:56,560 --> 00:00:57,960
Speaker 3: more than one hundred billion this year.

19
00:00:58,400 --> 00:01:01,480
Speaker 2: I mean basically, Paul hold of A sell right on

20
00:01:02,040 --> 00:01:05,120
Speaker 2: the A and RS on the terminal, I get thirty

21
00:01:05,120 --> 00:01:09,320
Speaker 2: three buys and twenty seven holds or cells. So it's

22
00:01:09,360 --> 00:01:10,880
Speaker 2: a huge debate.

23
00:01:11,360 --> 00:01:13,120
Speaker 4: Which to me just raises the question why don't we

24
00:01:13,120 --> 00:01:16,400
Speaker 4: have sixty sixty zero analysts covering the one stime branded

25
00:01:16,400 --> 00:01:16,959
Speaker 4: it's Tesla.

26
00:01:17,800 --> 00:01:20,760
Speaker 2: So people are BNP perry by underperformate just we see

27
00:01:20,760 --> 00:01:25,640
Speaker 2: reduce HEDGEI risk. Good morning to everybody over at Hedgie.

28
00:01:25,280 --> 00:01:27,720
Speaker 4: Wills Fargo An Elon's right. I mean I admitted it

29
00:01:27,760 --> 00:01:30,920
Speaker 4: over the weekend. It's you know, his dose activities and.

30
00:01:31,200 --> 00:01:34,760
Speaker 2: Shown Morgan Stanley, he always gets love. He's got a

31
00:01:34,760 --> 00:01:37,600
Speaker 2: price target. ELSA could make money at this up four

32
00:01:37,680 --> 00:01:39,040
Speaker 2: ten the next mover.

33
00:01:39,280 --> 00:01:42,320
Speaker 3: Please, these are stick with me here because these are

34
00:01:42,360 --> 00:01:45,520
Speaker 3: investors exposed to the AI trades. So, for example, Palenteer

35
00:01:45,640 --> 00:01:48,120
Speaker 3: shares have been down as much as seven percent before

36
00:01:48,120 --> 00:01:50,280
Speaker 3: the bell. One of the reasons that I found the

37
00:01:50,320 --> 00:01:52,960
Speaker 3: Pentagon actually canceled at two hundred and eighty million dollars

38
00:01:53,040 --> 00:01:57,440
Speaker 3: over budget HR project project involving Oracle. Now, the reason

39
00:01:57,440 --> 00:02:01,360
Speaker 3: why that matters to Palenteer is because Pollenteer relies on

40
00:02:01,440 --> 00:02:04,560
Speaker 3: these government contracts, including those with the Department of Defense,

41
00:02:05,240 --> 00:02:07,840
Speaker 3: and they Department of Defense recently announced an additional five

42
00:02:07,920 --> 00:02:10,640
Speaker 3: hundred and eighty million in budget reductions and then you

43
00:02:10,720 --> 00:02:13,880
Speaker 3: of course also had Goldman Sax analysts maintain a neutral rating,

44
00:02:13,919 --> 00:02:17,560
Speaker 3: but they talked about concerns about the potential future competition

45
00:02:17,639 --> 00:02:21,480
Speaker 3: from companies developing in house AI. So then we hit

46
00:02:21,560 --> 00:02:24,399
Speaker 3: Pollenteer and we go to Nvidia. They have been down

47
00:02:24,440 --> 00:02:27,480
Speaker 3: about eighteen percent on the year coming into Monday, coming

48
00:02:27,480 --> 00:02:31,520
Speaker 3: into today, disappointing ipo from the companies that it's backing Core.

49
00:02:31,600 --> 00:02:33,880
Speaker 3: We remember we talked about that last day. Yeah, with

50
00:02:33,960 --> 00:02:37,240
Speaker 3: that it came out, it began trading. Friday shares fell

51
00:02:37,280 --> 00:02:39,919
Speaker 3: below it's offering price of forty dollars.

52
00:02:39,919 --> 00:02:42,000
Speaker 4: So that's why those just funny though that they got

53
00:02:42,000 --> 00:02:44,560
Speaker 4: that print. They got that stop the clothes at forty

54
00:02:44,760 --> 00:02:46,880
Speaker 4: at Friday, right, the clothes. You know that the desk

55
00:02:47,040 --> 00:02:49,359
Speaker 4: was working for the under raiders to get closed. I

56
00:02:49,400 --> 00:02:51,519
Speaker 4: don't want to see the close down. Make sure you

57
00:02:51,680 --> 00:02:53,520
Speaker 4: find something to push to stock up the forty at

58
00:02:53,520 --> 00:02:55,600
Speaker 4: the clothes and they did, and they see what trace.

59
00:02:55,400 --> 00:02:57,760
Speaker 3: Today I would say, yeah, And finally, we've been talking

60
00:02:57,760 --> 00:03:00,519
Speaker 3: a lot about gold, right, and that's that's hit a record.

61
00:03:01,240 --> 00:03:04,880
Speaker 3: Newmont Corporation. They're the leading global gold and copper company.

62
00:03:04,880 --> 00:03:08,520
Speaker 3: They're known for its extensive portfolio mining assets. Since we've

63
00:03:08,560 --> 00:03:11,280
Speaker 3: been talking about, we're reaching that fresh record high rising

64
00:03:11,280 --> 00:03:14,200
Speaker 3: above thirty one hundred dollars. So you see this a lot.

65
00:03:14,240 --> 00:03:17,080
Speaker 3: I mean investors making these defensive plays over policy and

66
00:03:17,120 --> 00:03:19,440
Speaker 3: turning op out the US tariff. So they're going to

67
00:03:19,480 --> 00:03:21,720
Speaker 3: this safe haven. And that's why you have Newmont Corporation.

68
00:03:21,800 --> 00:03:24,200
Speaker 3: Their shares have been up probably about one percent this.

69
00:03:24,240 --> 00:03:28,520
Speaker 2: Morning, twelve months, thirty seven percent. How many companies can.

70
00:03:28,480 --> 00:03:31,800
Speaker 4: Say that, yeah, yeah, exactly this in this year after

71
00:03:31,840 --> 00:03:33,560
Speaker 4: twenty three and twenty four, great performance.

72
00:03:33,560 --> 00:03:37,880
Speaker 2: Good morning, Denver, twenty two thousand people. Newmont Mining, yep,

73
00:03:38,160 --> 00:03:43,280
Speaker 2: I mean the Gordos having fourth one leases in audible years.

74
00:03:43,320 --> 00:03:48,600
Speaker 3: Here's audible. Yeah, Moderna. Moderna's been downs gosh about thirteen

75
00:03:48,640 --> 00:03:52,080
Speaker 3: percent in trading before the bell opens. The reason why,

76
00:03:52,120 --> 00:03:55,160
Speaker 3: here's here's something industry. The resignation of Peter Marx. He's

77
00:03:55,160 --> 00:03:58,440
Speaker 3: a top regular regulator at the US Food and Drug Administration.

78
00:03:59,040 --> 00:04:01,839
Speaker 3: He has been we're seeing approvals of vaccine and other

79
00:04:01,920 --> 00:04:04,640
Speaker 3: biological drugs. So he resigned, and now you have those

80
00:04:05,040 --> 00:04:06,200
Speaker 3: Maderna shares plunging.

81
00:04:07,880 --> 00:04:12,240
Speaker 1: The Stockmovers podcast from Bloomberg Radio check back with us

82
00:04:12,280 --> 00:04:15,200
Speaker 1: throughout the day For the latest roundup of companies making

83
00:04:15,280 --> 00:04:18,839
Speaker 1: news on Wall Street, and for the latest market moving headlines.

84
00:04:19,000 --> 00:04:22,919
Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

85
00:04:22,960 --> 00:04:25,800
Speaker 1: dot com, and on Applecarplay and Android Auto with the

86
00:04:25,800 --> 00:04:27,159
Speaker 1: Bloomberg Business App.