1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,880 Speaker 1: Let's take a look at some of the stocks on 5 00:00:18,920 --> 00:00:21,160 Speaker 1: the move today. I'm Paul swinging alongside Scarlett. 6 00:00:20,800 --> 00:00:23,279 Speaker 2: Foom were joined by Bloomberg's They need to sup, they 7 00:00:23,280 --> 00:00:24,320 Speaker 2: need to What are you looking at today? 8 00:00:24,440 --> 00:00:27,880 Speaker 1: Let's start with Microsoft and Amazon. We just have headlines 9 00:00:27,920 --> 00:00:31,280 Speaker 1: of Microsoft investing up to five billion in Entropick. But 10 00:00:31,320 --> 00:00:34,479 Speaker 1: then what we're looking at is a big downgrade, a 11 00:00:34,600 --> 00:00:39,960 Speaker 1: rare downgrade. So Redburn is cutting their ratings for both 12 00:00:40,040 --> 00:00:44,360 Speaker 1: Amazon and Microsoft to neutral previously by and this is 13 00:00:44,400 --> 00:00:47,400 Speaker 1: the first time it happened since they initiated coverage in 14 00:00:47,479 --> 00:00:50,520 Speaker 1: twenty twenty two. This is very rare, like those companies 15 00:00:50,560 --> 00:00:54,840 Speaker 1: have pretty much ninety percent postiver rating. There are no sales, 16 00:00:55,120 --> 00:00:58,480 Speaker 1: no sale ratings, and very rare to get even neutral. 17 00:00:59,400 --> 00:01:02,600 Speaker 1: The issue is the book case regenerative AI is no 18 00:01:02,680 --> 00:01:06,720 Speaker 1: longer clear and hyperscare should be approached. This is what 19 00:01:06,840 --> 00:01:11,920 Speaker 1: Redburn says. The criticism is pretty harsh. They say industry 20 00:01:12,000 --> 00:01:17,720 Speaker 1: gen AI narrative looked increasingly misplaced in twenty three until 21 00:01:17,800 --> 00:01:20,640 Speaker 1: they initiated the coverage Framazon and Microsoft. They had a virating. 22 00:01:21,360 --> 00:01:25,920 Speaker 1: The same analysts recently had a sele rating on Oracle, 23 00:01:26,040 --> 00:01:28,959 Speaker 1: and obviously that was correct. The company is down about 24 00:01:29,280 --> 00:01:34,240 Speaker 1: twenty five percent since that. We see the self of today. Obviously, 25 00:01:34,319 --> 00:01:38,240 Speaker 1: textocs are dragging the industries down. The NASA has raised 26 00:01:38,319 --> 00:01:42,440 Speaker 1: around one point eight trillion of values since October peak, 27 00:01:42,560 --> 00:01:48,240 Speaker 1: and obviously those fears are continuing to rise. And for 28 00:01:48,360 --> 00:01:50,160 Speaker 1: the last few weeks we've seen a lot of pressure 29 00:01:50,200 --> 00:01:53,520 Speaker 1: on those AI darlings and favorites that brought in the 30 00:01:53,600 --> 00:01:55,120 Speaker 1: system for three years. 31 00:01:55,200 --> 00:01:59,000 Speaker 2: Okay, let's steer away from technology and go towards home Depot. 32 00:01:59,440 --> 00:02:02,360 Speaker 1: Yeah, everyone I was worried about consumer and Home Depot 33 00:02:02,520 --> 00:02:06,600 Speaker 1: is giving a pretty bleak forecast there. The ticker, of 34 00:02:06,600 --> 00:02:09,240 Speaker 1: course is HD. The stock is down more than three percent. 35 00:02:09,840 --> 00:02:13,480 Speaker 1: The company cut its full ear earnings guiding guidance. They're 36 00:02:13,560 --> 00:02:17,160 Speaker 1: warning that unsteady consumers are hitting the polls on big 37 00:02:17,240 --> 00:02:20,640 Speaker 1: home purchases. The retailer said it expected just as earning 38 00:02:20,639 --> 00:02:23,640 Speaker 1: per shares to decline five percent from year ago. The 39 00:02:23,680 --> 00:02:26,919 Speaker 1: company said it's profit and comparable sales came in lower 40 00:02:27,120 --> 00:02:31,160 Speaker 1: then expected. The stock is already down here today eleven percent. 41 00:02:31,280 --> 00:02:35,119 Speaker 1: It's been really hard. Obviously, the housing market has been frozen. 42 00:02:35,320 --> 00:02:39,000 Speaker 1: Add to that tariffs and additional challeges for home depot. 43 00:02:39,320 --> 00:02:41,919 Speaker 1: They have seen some of the metrics doing well. They've 44 00:02:41,919 --> 00:02:45,720 Speaker 1: been trying to grow operation, boosting online offer and trying 45 00:02:45,760 --> 00:02:49,440 Speaker 1: to attract all those doing yourself consumers that have been 46 00:02:49,520 --> 00:02:53,200 Speaker 1: over TikTok and Instagram. But still that's not enough. And 47 00:02:54,120 --> 00:02:57,400 Speaker 1: the earnings report was afar from received. Well, all right, 48 00:02:57,400 --> 00:02:59,240 Speaker 1: one more what do you got for us? And we 49 00:02:59,320 --> 00:03:03,200 Speaker 1: have iris face and automatous technology provider. Honeywell shares been 50 00:03:03,280 --> 00:03:06,280 Speaker 1: down about two percent. It's coming off another downgrade. But 51 00:03:06,360 --> 00:03:09,120 Speaker 1: this is a double down grade. So the company was 52 00:03:09,320 --> 00:03:12,440 Speaker 1: previously by and now it's sell. The down grade is 53 00:03:12,440 --> 00:03:16,519 Speaker 1: coming from Bank of America. It's the only sale rating 54 00:03:16,639 --> 00:03:20,919 Speaker 1: in Bloomberg Data. The tickoryes HO and the stock is 55 00:03:20,960 --> 00:03:23,080 Speaker 1: splitting up in two companies. That's been going on for 56 00:03:23,160 --> 00:03:26,280 Speaker 1: some time. One is dedicated to an aerospace and the 57 00:03:26,280 --> 00:03:29,520 Speaker 1: other to automation. But Bank of America is not excited 58 00:03:29,560 --> 00:03:34,160 Speaker 1: about that. The bank says shares are going to lag 59 00:03:34,280 --> 00:03:39,280 Speaker 1: as elements of its strategy. Disappoint investors. The company has 60 00:03:39,320 --> 00:03:41,840 Speaker 1: only one Celle rating. It's not common to get this. 61 00:03:42,040 --> 00:03:45,200 Speaker 1: It's already down ten percent year to date, but clearly 62 00:03:45,360 --> 00:03:47,680 Speaker 1: the spin off and the new CEO they have, which 63 00:03:47,680 --> 00:03:50,160 Speaker 1: is actually an internal one. Bank of America is not 64 00:03:50,200 --> 00:03:50,920 Speaker 1: bullish about this. 65 00:03:51,960 --> 00:03:56,000 Speaker 2: The stock mover's report from Bloomberg Radio. Check back with 66 00:03:56,080 --> 00:03:58,600 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:58,720 --> 00:04:02,720 Speaker 2: making news on Wallster and for the latest market moving headlines. 68 00:04:02,920 --> 00:04:06,920 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 69 00:04:06,960 --> 00:04:10,040 Speaker 2: dot com, and on Applecarplay and Android Auto with the 70 00:04:10,080 --> 00:04:11,440 Speaker 2: Bloomberg Business app.