1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,400 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,640 --> 00:00:17,040 Speaker 1: harnessing the power of Bloomberg Data, take look at some 4 00:00:17,040 --> 00:00:18,639 Speaker 1: of the stocks on the move today. We can do 5 00:00:18,640 --> 00:00:21,720 Speaker 1: that with Tachiana Darry, strategist for Markets Live. 6 00:00:21,800 --> 00:00:23,640 Speaker 2: Join us here in our studio, Tatiana, what are you 7 00:00:23,640 --> 00:00:26,200 Speaker 2: looking at today? Well, we'll start with Apple, as it 8 00:00:26,360 --> 00:00:29,400 Speaker 2: was a big earnings wee shares under pressure. They're nine 9 00:00:29,720 --> 00:00:33,839 Speaker 2: percent lower after earnings and guidance was a little bit 10 00:00:33,880 --> 00:00:36,880 Speaker 2: shy of earnings of analyst estimates, so earnings for the 11 00:00:36,920 --> 00:00:41,080 Speaker 2: third fifth quarter were okay. However, looking ahead, the company 12 00:00:41,080 --> 00:00:43,839 Speaker 2: said revenue will rise nine to eleven percent, which is 13 00:00:43,920 --> 00:00:46,600 Speaker 2: lower than the estimated growth of more than twelve percent 14 00:00:47,000 --> 00:00:50,800 Speaker 2: that analysts were expected. However, this is not a demand issue, 15 00:00:50,800 --> 00:00:53,560 Speaker 2: but rather it's a supply issue, as they cannot get 16 00:00:53,560 --> 00:00:57,920 Speaker 2: a handle on enough computer processors and enough memory chips 17 00:00:58,320 --> 00:01:01,160 Speaker 2: as we've heard all along, and this is leading them 18 00:01:01,240 --> 00:01:04,800 Speaker 2: to extended wait times for their products, hence to this 19 00:01:05,240 --> 00:01:07,840 Speaker 2: lower outlook. But the good news is that this company 20 00:01:07,959 --> 00:01:12,560 Speaker 2: is a cash cow thirty two billion and free cash flow. 21 00:01:12,600 --> 00:01:16,119 Speaker 2: There that's more than Microsoft, Meta Alphabet and Amazon, combined 22 00:01:16,319 --> 00:01:20,160 Speaker 2: with the disclaimer that the latest two have posted negative 23 00:01:20,280 --> 00:01:24,319 Speaker 2: cash flows, but that discipline not rewarded today by investors. 24 00:01:24,319 --> 00:01:28,119 Speaker 2: Certainly not worse performing the down industrials. What's next? Well, 25 00:01:28,160 --> 00:01:32,080 Speaker 2: Amazon is doing quite the opposite here, surging fifteen percent 26 00:01:32,800 --> 00:01:37,920 Speaker 2: after its report after it posted accelerating cloud revenue for 27 00:01:38,040 --> 00:01:40,680 Speaker 2: the fifth straight quarter. Here helping is some of those 28 00:01:40,720 --> 00:01:44,759 Speaker 2: concerns that AI bets are not paying off. Revenue jumped 29 00:01:44,920 --> 00:01:50,120 Speaker 2: nearly forty percent to over forty BILLIONAWS. This segment now 30 00:01:50,160 --> 00:01:53,200 Speaker 2: generates a fifth of its revenue and it's the leading 31 00:01:53,280 --> 00:01:57,200 Speaker 2: source of operating profit that marks the fastest pace of 32 00:01:57,200 --> 00:02:00,200 Speaker 2: growth since the fourth quarter of twenty twenty one, So 33 00:02:00,280 --> 00:02:06,000 Speaker 2: investors really rewarding the company for its growth, even as 34 00:02:06,120 --> 00:02:09,720 Speaker 2: it has boosted its capex two hundred and twenty billion 35 00:02:10,639 --> 00:02:14,440 Speaker 2: from a previous estimate of two hundred billion, and despite 36 00:02:14,480 --> 00:02:18,840 Speaker 2: negative free cash flows. We are seeing Amazon truly rewarded 37 00:02:18,880 --> 00:02:21,440 Speaker 2: here today, and that may be because it has been 38 00:02:21,520 --> 00:02:22,280 Speaker 2: lagging this year. 39 00:02:23,400 --> 00:02:25,280 Speaker 1: NVO, what does that take her for? 40 00:02:25,840 --> 00:02:30,280 Speaker 2: That is Novo Nordics as ADR's shares are down by 41 00:02:30,400 --> 00:02:33,280 Speaker 2: nine percent here after one of its experimental drugs failed 42 00:02:33,280 --> 00:02:36,200 Speaker 2: to reduce the risk of heart disease and strokes in 43 00:02:36,320 --> 00:02:39,320 Speaker 2: a large study. It did target the protein that it 44 00:02:39,440 --> 00:02:41,880 Speaker 2: wanted to in the body, However, it didn't post that 45 00:02:42,440 --> 00:02:46,960 Speaker 2: significant result when it came to cardiovascular problems. And this 46 00:02:47,120 --> 00:02:49,120 Speaker 2: is really a blow to the company as it tries 47 00:02:49,160 --> 00:02:53,160 Speaker 2: to diversify away from those BCDD drugs as that market 48 00:02:53,200 --> 00:02:56,680 Speaker 2: got really really competitive. And if you look at the stock, 49 00:02:56,760 --> 00:02:58,760 Speaker 2: it has been lagging this year, but if you really 50 00:02:58,840 --> 00:03:02,480 Speaker 2: zoom out, you'll see that the company really needs a 51 00:03:02,520 --> 00:03:07,440 Speaker 2: new source of growth because shares have been lagging bad 52 00:03:07,560 --> 00:03:09,880 Speaker 2: list since that peak into twenty twenty four. 53 00:03:11,360 --> 00:03:15,600 Speaker 1: The Stockmovers report from Bloomberg Radio. Check back with us 54 00:03:15,600 --> 00:03:18,400 Speaker 1: throughout the day for the latest roundup of companies making 55 00:03:18,480 --> 00:03:22,120 Speaker 1: news on Wall Street and for the latest market moving headlines. 56 00:03:22,320 --> 00:03:26,320 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 57 00:03:26,360 --> 00:03:29,440 Speaker 1: dot com, and on Applecarplay and Android Auto with the 58 00:03:29,480 --> 00:03:30,840 Speaker 1: Bloomberg Business app.