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: I'm Carol Messer along with Tim Stanevik. Let's get though
Speaker 1: to some particular stocks on the move with us as
Speaker 1: Bloomberg News process A reporter Danitza Sokova. Meta gotta talk
Speaker 1: about Meta.
Speaker 3: It is just soaring.
Speaker 1: It's unbelievable.
Speaker 4: It's incredible. Gainsurfading, but definitely Meta is holding. Of course,
Speaker 4: the degree is m ETA.
Speaker 3: It's some nearly twelve percent. We saw so many of
Speaker 3: the names that were up.
Speaker 4: Kind of felt a lot of pressure, but Metal is
Speaker 4: still soaring it Chris expectations, of course, is coming off
Speaker 4: the earnings report. There was so much excitement. There were
Speaker 4: so many upgrades. I cannot even keep up with the numbers.
Speaker 4: We have JP Morgan, we have AGESBC and we're not
Speaker 4: talking about like a small price target of grade like
Speaker 4: HSBC upgraded from six hundred and ten dollars to nine hundred,
Speaker 4: So things are moving very fast. Obviously, you had good
Speaker 4: reports from Microsoft. It hit four tritium first for some time,
Speaker 4: so incredible incredible optimism there. Of course, all those big
Speaker 4: tech companies, including Meta, including Microsoft, they're relying on their
Speaker 4: legacy businesses to fund their pursuits of AI, and that's
Speaker 4: paying off, but also operating margins rows to forty three
Speaker 4: percent in Meta.
Speaker 3: So we're seeing some profitability.
Speaker 4: It's not just about AI spending, and it's paying off.
Speaker 4: The companies up thirty three percent year today. Incredible, right,
Speaker 4: it's unbelievable.
Speaker 1: Rosenblat Security is I looked at some of the what
Speaker 1: the analyst price targets were. Rosenblood Security has the street
Speaker 1: high according to Bloomberg Data of one thousand eighty six
Speaker 1: dollars a share, and Meta right now at around seven
Speaker 1: seven seven a share.
Speaker 3: It's just off and running, off and running.
Speaker 5: It looks like investors at this point areding the increase
Speaker 5: in spend on capex, the paying big money for that
Speaker 5: AI talent, and then also all the investments that they're
Speaker 5: making in AI, even though, as man Deep Sing of
Speaker 5: Bloomberg Intelligence has explained, we're still not necessarily seeing the
Speaker 5: results of that spend at this point.
Speaker 3: For sure, it's just the beginning, but they're happy to
Speaker 3: pay up.
Speaker 1: I would really a shameless plug, I can be like
Speaker 1: Matt Miller, I would highly recommend everybody check out our
Speaker 1: podcast feed and some of the conversations we had with
Speaker 1: Mandep yesterday after the earnings, and then of course in
Speaker 1: today's trade, because really killer, what's really interesting is the
Speaker 1: number one gainer in the S and P five hundred
Speaker 1: is not Meta, it's eBay.
Speaker 3: Talk to us about eBay. Ticker, of course is the
Speaker 3: company's name.
Speaker 4: Yeah, obviously company with a much smaller scale, but a
Speaker 4: very important one showing us a lot about what's happening
Speaker 4: with consumers.
Speaker 3: Shares jumped nineteen percent.
Speaker 4: The company projected sales that top analyst estimates. If we
Speaker 4: look at the second quarter profit, pretty good number. There
Speaker 4: was one door thirty seven a share, which is seven
Speaker 4: cents the more the treat expected. We're seeing some optimism
Speaker 4: for consumer resilience all The one metric that did particularly
Speaker 4: well was the sale of used and refurbished goods, which
Speaker 4: you can argue that it is not necessarily the healthy
Speaker 4: assigns for consumer.
Speaker 3: Clearly there is some caution there.
Speaker 4: Purchasing power from US consumers grew and helped offset demand
Speaker 4: from European market, so clearly maybe the US consumer is
Speaker 4: a little bit stronger than when we're seeing overseas. When
Speaker 4: we look at the stock, it has gained more than
Speaker 4: forty percent this year.
Speaker 3: Just incredible rally. Yeah, it keeps going. Yeah, it's pretty incredible.
Speaker 5: I like the sort of macroeconomic look there and maybe
Speaker 5: using it as an indicator. Okay, finally, Shakeshack, let's talk burgers.
Speaker 3: That's probably the opposite economic. It's again the consumer. But
Speaker 3: we saw shake shackslum fourteen percent.
Speaker 4: It forked us a third quarter revenue that failblo expectation,
Speaker 4: and we're talking about inflation and we're talking about diners.
Speaker 4: The ticker, of course is Shak. The company has pledged
Speaker 4: rump up. Piece of new product launches. We have some
Speaker 4: interesting one wach Fried pickles. I don't know how bullish
Speaker 4: I am on that. But they also have a Dubai
Speaker 4: chocolate shake which was very popular.
Speaker 3: That said, that's.
Speaker 1: Buy chocolate is everywhere.
Speaker 3: It's so big. It's not the world trade. It's oh
Speaker 3: my god.
Speaker 1: There's a BusinessWeek story on it. You should check it out.
Speaker 1: Do you buy chocolate?
Speaker 3: I'd like to eat some chocolate next time?
Speaker 1: Yeah, next time.
Speaker 3: Sorry, sacud prices are going to continue.
Speaker 1: Sorry.
Speaker 3: The company said that its effort our showing promise.
Speaker 4: They're trying to keep lists on costs, but clearly that's
Speaker 4: not enough to lift sentiment.
Speaker 3: One metric that clearly is weighing it.
Speaker 4: Sales at established restaurant climb less than what Alice are respecting.
Speaker 3: Shake Check is down five percent.
Speaker 2: Here today the Stock Mover's report from Bloomberg Radio. Check
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Speaker 2: of companies making news on Wall Street and for the
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