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 1: Let's take a look at some of the stocks on
Speaker 1: the move today. We can do that with Bloomberg's Christina Kino. Christine,
Speaker 1: what are you looking at today? All right? Let's start
Speaker 1: with Halliburton. Paul tick Her hal that SHAR is doing
Speaker 1: well today, up two point seven percent, and that is
Speaker 1: because JP Morgan raised its price target on the company,
Speaker 1: saying that expects limited first quarter earnings impact from the
Speaker 1: Iran war compared with this other peer. So JP Morgan
Speaker 1: rating the stock overweights and maintaining that rating, but they
Speaker 1: did raise the price target to forty dollars from thirty
Speaker 1: five dollars. Current stock price around thirty nine dollars, and
Speaker 1: so analysts from JP Morgan citing that the fact that
Speaker 1: Halliburton maintained its guidance for Saudi Arabia and North America
Speaker 1: compared with lower guidance by some of its peers, helps
Speaker 1: keep up its rating there and the outlook as well.
Speaker 1: Although second quarter earnings could see some impact from the
Speaker 1: war but not majorly so at the moment. All right,
Speaker 1: and let's move on to your second stock in the
Speaker 1: tech space, absolutely, Scarlett. Let's take a look at Meta,
Speaker 1: So take her m Eta. Those shares are down today,
Speaker 1: expending some of those opening to clients now down two
Speaker 1: point seven percent. And of course we all know that
Speaker 1: Meta and Google were found liable in the first social
Speaker 1: media addiction trial. So companies, of course have responded to
Speaker 1: the verdict. They disagree, and Meta says that it is
Speaker 1: evaluating its legal options. We have Bloomberg Intelligence analysts weighing
Speaker 1: in on the verdict and its impact for the company,
Speaker 1: saying that ultimately it's unlikely to have a material business
Speaker 1: impact given that the case, while it was strong, it
Speaker 1: wasn't a unanimous decision, and so that could potentially poke
Speaker 1: some holes in the arguments depending on how the appeal
Speaker 1: process goes. Carnival Cruise Lines. Carnival Cruise Lines, we just
Speaker 1: got the report earlier today and that is not voting
Speaker 1: well for to share, So it took her CCL. Those
Speaker 1: stairs are down now more than three percent at the moment,
Speaker 1: and as because we did get some disappointing outlooks for
Speaker 1: the company from for both the second quarter period and
Speaker 1: the full year period. So first quarter adjusted EPs actually
Speaker 1: beat estimates that came in a twenty cents versus eighteen cents,
Speaker 1: But it's the outlook that investors are worried about clearly.
Speaker 1: So for the full year EPs, outlook is about two
Speaker 1: dollars twenty one cents. The estimate was two dollars thirty
Speaker 1: five cents. I also note that their fuel costs bigger
Speaker 1: than expected, as one would expect, so now they're seeing
Speaker 1: their fuel costs for the second quarter six hundred and
Speaker 1: ten million versus five thirty nine for the estimate.
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