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. I'm Paul swinging alongside Scarlett.
Speaker 2: Foom were joined by Bloomberg's They need to sup, they
Speaker 2: need to What are you looking at today?
Speaker 1: Let's start with Microsoft and Amazon. We just have headlines
Speaker 1: of Microsoft investing up to five billion in Entropick. But
Speaker 1: then what we're looking at is a big downgrade, a
Speaker 1: rare downgrade. So Redburn is cutting their ratings for both
Speaker 1: Amazon and Microsoft to neutral previously by and this is
Speaker 1: the first time it happened since they initiated coverage in
Speaker 1: twenty twenty two. This is very rare, like those companies
Speaker 1: have pretty much ninety percent postiver rating. There are no sales,
Speaker 1: no sale ratings, and very rare to get even neutral.
Speaker 1: The issue is the book case regenerative AI is no
Speaker 1: longer clear and hyperscare should be approached. This is what
Speaker 1: Redburn says. The criticism is pretty harsh. They say industry
Speaker 1: gen AI narrative looked increasingly misplaced in twenty three until
Speaker 1: they initiated the coverage Framazon and Microsoft. They had a virating.
Speaker 1: The same analysts recently had a sele rating on Oracle,
Speaker 1: and obviously that was correct. The company is down about
Speaker 1: twenty five percent since that. We see the self of today. Obviously,
Speaker 1: textocs are dragging the industries down. The NASA has raised
Speaker 1: around one point eight trillion of values since October peak,
Speaker 1: and obviously those fears are continuing to rise. And for
Speaker 1: the last few weeks we've seen a lot of pressure
Speaker 1: on those AI darlings and favorites that brought in the
Speaker 1: system for three years.
Speaker 2: Okay, let's steer away from technology and go towards home Depot.
Speaker 1: Yeah, everyone I was worried about consumer and Home Depot
Speaker 1: is giving a pretty bleak forecast there. The ticker, of
Speaker 1: course is HD. The stock is down more than three percent.
Speaker 1: The company cut its full ear earnings guiding guidance. They're
Speaker 1: warning that unsteady consumers are hitting the polls on big
Speaker 1: home purchases. The retailer said it expected just as earning
Speaker 1: per shares to decline five percent from year ago. The
Speaker 1: company said it's profit and comparable sales came in lower
Speaker 1: then expected. The stock is already down here today eleven percent.
Speaker 1: It's been really hard. Obviously, the housing market has been frozen.
Speaker 1: Add to that tariffs and additional challeges for home depot.
Speaker 1: They have seen some of the metrics doing well. They've
Speaker 1: been trying to grow operation, boosting online offer and trying
Speaker 1: to attract all those doing yourself consumers that have been
Speaker 1: over TikTok and Instagram. But still that's not enough. And
Speaker 1: the earnings report was afar from received. Well, all right,
Speaker 1: one more what do you got for us? And we
Speaker 1: have iris face and automatous technology provider. Honeywell shares been
Speaker 1: down about two percent. It's coming off another downgrade. But
Speaker 1: this is a double down grade. So the company was
Speaker 1: previously by and now it's sell. The down grade is
Speaker 1: coming from Bank of America. It's the only sale rating
Speaker 1: in Bloomberg Data. The tickoryes HO and the stock is
Speaker 1: splitting up in two companies. That's been going on for
Speaker 1: some time. One is dedicated to an aerospace and the
Speaker 1: other to automation. But Bank of America is not excited
Speaker 1: about that. The bank says shares are going to lag
Speaker 1: as elements of its strategy. Disappoint investors. The company has
Speaker 1: only one Celle rating. It's not common to get this.
Speaker 1: It's already down ten percent year to date, but clearly
Speaker 1: the spin off and the new CEO they have, which
Speaker 1: is actually an internal one. Bank of America is not
Speaker 1: bullish about this.
Speaker 2: The stock mover's report from Bloomberg Radio. Check back with
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Speaker 2: making news on Wallster and for the latest market moving headlines.
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