WEBVTT - Haliburton Rises, Meta Drops, Carnival Down After 2Q Guidance

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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 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today. We can do that with Bloomberg's Christina Kino. Christine,

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<v Speaker 1>what are you looking at today? All right? Let's start

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<v Speaker 1>with Halliburton. Paul tick Her hal that SHAR is doing

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<v Speaker 1>well today, up two point seven percent, and that is

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<v Speaker 1>because JP Morgan raised its price target on the company,

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<v Speaker 1>saying that expects limited first quarter earnings impact from the

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<v Speaker 1>Iran war compared with this other peer. So JP Morgan

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<v Speaker 1>rating the stock overweights and maintaining that rating, but they

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<v Speaker 1>did raise the price target to forty dollars from thirty

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<v Speaker 1>five dollars. Current stock price around thirty nine dollars, and

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<v Speaker 1>so analysts from JP Morgan citing that the fact that

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<v Speaker 1>Halliburton maintained its guidance for Saudi Arabia and North America

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<v Speaker 1>compared with lower guidance by some of its peers, helps

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<v Speaker 1>keep up its rating there and the outlook as well.

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<v Speaker 1>Although second quarter earnings could see some impact from the

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<v Speaker 1>war but not majorly so at the moment. All right,

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<v Speaker 1>and let's move on to your second stock in the

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<v Speaker 1>tech space, absolutely, Scarlett. Let's take a look at Meta,

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<v Speaker 1>So take her m Eta. Those shares are down today,

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<v Speaker 1>expending some of those opening to clients now down two

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<v Speaker 1>point seven percent. And of course we all know that

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<v Speaker 1>Meta and Google were found liable in the first social

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<v Speaker 1>media addiction trial. So companies, of course have responded to

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<v Speaker 1>the verdict. They disagree, and Meta says that it is

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<v Speaker 1>evaluating its legal options. We have Bloomberg Intelligence analysts weighing

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<v Speaker 1>in on the verdict and its impact for the company,

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<v Speaker 1>saying that ultimately it's unlikely to have a material business

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<v Speaker 1>impact given that the case, while it was strong, it

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<v Speaker 1>wasn't a unanimous decision, and so that could potentially poke

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<v Speaker 1>some holes in the arguments depending on how the appeal

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<v Speaker 1>process goes. Carnival Cruise Lines. Carnival Cruise Lines, we just

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<v Speaker 1>got the report earlier today and that is not voting

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<v Speaker 1>well for to share, So it took her CCL. Those

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<v Speaker 1>stairs are down now more than three percent at the moment,

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<v Speaker 1>and as because we did get some disappointing outlooks for

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<v Speaker 1>the company from for both the second quarter period and

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<v Speaker 1>the full year period. So first quarter adjusted EPs actually

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<v Speaker 1>beat estimates that came in a twenty cents versus eighteen cents,

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<v Speaker 1>But it's the outlook that investors are worried about clearly.

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<v Speaker 1>So for the full year EPs, outlook is about two

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<v Speaker 1>dollars twenty one cents. The estimate was two dollars thirty

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<v Speaker 1>five cents. I also note that their fuel costs bigger

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<v Speaker 1>than expected, as one would expect, so now they're seeing

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<v Speaker 1>their fuel costs for the second quarter six hundred and

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<v Speaker 1>ten million versus five thirty nine for the estimate.

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