1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,520 --> 00:00:17,840 Speaker 2: Let's get a look at some of the stocks on 5 00:00:17,880 --> 00:00:20,000 Speaker 2: the move that I am Paul Swingey alongside scarlettfu and 6 00:00:20,040 --> 00:00:22,640 Speaker 2: we're joined by Bloomberg, Touchana, Dargie, Touchana. What are you 7 00:00:22,640 --> 00:00:23,240 Speaker 2: looking at today? 8 00:00:23,440 --> 00:00:26,120 Speaker 3: Well, kicking it off with a Tesla down three percent 9 00:00:26,160 --> 00:00:30,880 Speaker 3: today as profits missed despite a record quarter of sales, 10 00:00:31,240 --> 00:00:33,680 Speaker 3: so a beat on sales, better than expected cash flows, 11 00:00:33,680 --> 00:00:37,680 Speaker 3: but operating expenses sored fifty percent to three billion dollars 12 00:00:37,720 --> 00:00:40,040 Speaker 3: in the quarter. That almost matches the amount of free 13 00:00:40,159 --> 00:00:43,239 Speaker 3: cash flow that they generated, which goes to show that 14 00:00:43,280 --> 00:00:45,640 Speaker 3: the company isn't immune to the rising costs that we 15 00:00:45,680 --> 00:00:48,560 Speaker 3: see in the auto industry due to President Donald trump 16 00:00:49,120 --> 00:00:52,320 Speaker 3: tariff policies. But most importantly, it also shows that the 17 00:00:52,320 --> 00:00:56,480 Speaker 3: company is heavily spending on its robotic and AI initiatives. 18 00:00:56,680 --> 00:00:59,800 Speaker 3: Well after that call, investors are left with more questions 19 00:01:00,080 --> 00:01:03,600 Speaker 3: than answers, because Zlon must discuss ambitious but yet vague 20 00:01:03,640 --> 00:01:07,200 Speaker 3: initiatives in robotics and AI, saying he'd be surprised that 21 00:01:07,319 --> 00:01:09,880 Speaker 3: five years from now they're not making one hundred thousand 22 00:01:10,000 --> 00:01:13,160 Speaker 3: robots a month. That sounds great, but five years is 23 00:01:13,200 --> 00:01:17,360 Speaker 3: a long time, so you know, those investors aren't quite 24 00:01:17,440 --> 00:01:20,480 Speaker 3: comfortable with the comments that they've heard. Shares are down 25 00:01:20,560 --> 00:01:24,479 Speaker 3: three percent and are trailing the magnificent seven year to date. 26 00:01:25,120 --> 00:01:27,520 Speaker 1: That phrase was key, ambitious, yet vague. 27 00:01:27,680 --> 00:01:30,280 Speaker 3: That kind of sums of everything about Tesla right now 28 00:01:30,280 --> 00:01:32,040 Speaker 3: because we're not clear what the growth drivers are in 29 00:01:32,080 --> 00:01:35,240 Speaker 3: the near term. Tatiana, you're also looking at LC lending 30 00:01:35,319 --> 00:01:38,760 Speaker 3: club lending club, so the peer to peer lender poster 31 00:01:38,880 --> 00:01:42,760 Speaker 3: earnings that beat expectations, and its guidance for origination was 32 00:01:42,800 --> 00:01:45,920 Speaker 3: ahead of estimates. Those shares are up fifteen percent or 33 00:01:46,000 --> 00:01:49,559 Speaker 3: tickers l C, and the solid results earned the company 34 00:01:49,600 --> 00:01:52,600 Speaker 3: in upgrade from JP Morgan to overweight. So the stock 35 00:01:52,720 --> 00:01:57,240 Speaker 3: now has nine buys and two lonely holds and no cells. 36 00:01:57,720 --> 00:02:02,240 Speaker 3: And you know, importantly they're originations rows thirty seven percent 37 00:02:02,360 --> 00:02:05,160 Speaker 3: year to year. So investors like that, but it almost 38 00:02:05,200 --> 00:02:08,839 Speaker 3: makes you wonder, you know, what stands behind this sort 39 00:02:08,880 --> 00:02:13,560 Speaker 3: of rush into loansome borrowing. But at the same time, importantly, 40 00:02:13,639 --> 00:02:16,640 Speaker 3: they provide a more disclosure on their provision for credit 41 00:02:16,680 --> 00:02:20,240 Speaker 3: losses which fail year over year and where below estimate. 42 00:02:20,360 --> 00:02:23,639 Speaker 3: So if you know there were concerns that consumers are 43 00:02:23,639 --> 00:02:26,160 Speaker 3: falling under pressure due to the weakness in the labor 44 00:02:26,200 --> 00:02:30,440 Speaker 3: market and tariffs, this is yet another sort of key 45 00:02:30,480 --> 00:02:34,880 Speaker 3: company that is telling us that those those concerns are 46 00:02:35,000 --> 00:02:36,440 Speaker 3: contained or limited for now. 47 00:02:36,720 --> 00:02:39,000 Speaker 2: That's the question I think for a lot of these 48 00:02:39,160 --> 00:02:42,240 Speaker 2: stories that are coming out about credit in the credit markets, 49 00:02:42,280 --> 00:02:46,440 Speaker 2: how not to use John Tucker's word, idiot, syncretic are 50 00:02:46,440 --> 00:02:48,800 Speaker 2: they or how systemic are they? I don't know. People 51 00:02:48,800 --> 00:02:49,960 Speaker 2: are trying to get a handle on that. 52 00:02:50,240 --> 00:02:53,120 Speaker 3: Exactly, and that's why we keep monitoring one by one 53 00:02:53,840 --> 00:02:57,639 Speaker 3: to see if it's more widespread than just a few names. Gotcha, okay, 54 00:02:58,400 --> 00:03:02,799 Speaker 3: Dow Dow now shares are up eleven percent. Now Dell 55 00:03:02,919 --> 00:03:07,920 Speaker 3: Chemical exactly, You're ticker is Dow operating ABT The average 56 00:03:07,960 --> 00:03:12,280 Speaker 3: analyst estimates as volume rows. Analyst said they saw upside 57 00:03:12,360 --> 00:03:16,400 Speaker 3: driven by packaging and specialty plastics. However, they noted that 58 00:03:16,440 --> 00:03:20,160 Speaker 3: the background for commodity chemicals remains weak. And I think, 59 00:03:20,280 --> 00:03:22,000 Speaker 3: you know, this is a very important name to go 60 00:03:22,080 --> 00:03:24,480 Speaker 3: back to the credit concerns, because this is one of 61 00:03:24,560 --> 00:03:27,959 Speaker 3: the industry that those credit investors are watching very closely, 62 00:03:28,000 --> 00:03:31,240 Speaker 3: after the auto industry because it has been for some 63 00:03:31,960 --> 00:03:35,360 Speaker 3: under pressure for some times, battered by many headwinds like 64 00:03:35,400 --> 00:03:39,720 Speaker 3: WEIK demand, tariffs, and capacity constraints. Well, so far, doll 65 00:03:39,840 --> 00:03:43,840 Speaker 3: provides sort of a good result there that should allay 66 00:03:43,880 --> 00:03:46,240 Speaker 3: some of those concerns. This is a name where sentiment 67 00:03:46,320 --> 00:03:48,400 Speaker 3: has been very negative. If you look at the stock 68 00:03:48,520 --> 00:03:51,600 Speaker 3: is down forty five percent this year or so. It 69 00:03:51,640 --> 00:03:53,400 Speaker 3: can definitely use some good news. 70 00:03:53,480 --> 00:03:59,000 Speaker 1: This morning the Stock Mover's report from Bloomberg Radio. Check 71 00:03:59,040 --> 00:04:01,480 Speaker 1: back with us throughout the for the latest roundup of 72 00:04:01,560 --> 00:04:04,840 Speaker 1: companies making news on Wall Street and for the latest 73 00:04:04,880 --> 00:04:09,080 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 74 00:04:09,120 --> 00:04:12,840 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 75 00:04:12,880 --> 00:04:14,840 Speaker 1: Auto with the Bloomberg Business app.