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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a

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Speaker 1: morning where the broader indexes aren't moving a whole lot, Valerie,

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Speaker 1: but will you take a look at the micro Wow,

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Speaker 1: look at FedEx. A positive sign here perhaps on how

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Speaker 1: people are feeling about the earnings and maybe the broader

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Speaker 1: economy as well. Good morning, It's.

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Speaker 3: Really delivering in its earnings yesterday you went there five

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Speaker 3: and a half percent. So far in pre market trade,

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Speaker 3: it's even lifting the shares of ups as well. Those

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Speaker 3: are up nearly two percent. What FedEx did was they

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Speaker 3: offset a potential concern about the tariff hit with a

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Speaker 3: pretty solid guidance so on the week side. The CFO

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Speaker 3: did say in the earnings call that fed will suffer

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Speaker 3: a one billion dollar hit from trade volatility this year,

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Speaker 3: highlighting the impact of tariffs and the ending of the

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Speaker 3: deminimous rule. But FedEx is still doing all right offsetting

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Speaker 3: that hit. They gave a decent guidance on sales, expect

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Speaker 3: sales to rise around six percent into the end of

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Speaker 3: the year, and they also reinstated their full year outlook,

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Speaker 3: and it gave a sign to investors that FedEx is

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Speaker 3: gaining growing clarity about the shipping business ahead of the

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Speaker 3: busy holiday season.

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Speaker 1: All right, so if we're sticking with cliches here on

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Speaker 1: the earnings, let's talk about Lenar and how it's kind

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Speaker 1: of getting dismantled this morning.

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Speaker 3: Lennar is a home builder and it is down three

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Speaker 3: percent so far in pre market trade. This is after

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Speaker 3: its earnings. The forecast for home orders missed estimates. They

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Speaker 3: cited affordability concerns and the wavering job market as for

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Speaker 3: their potential week guidance on orders, and it's disappointing to

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Speaker 3: investors as well, on the back of the fact that

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Speaker 3: there's been a recent drop in mortgage rates, they're now

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Speaker 3: at their lowest line level in almost a year, and

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Speaker 3: it still wasn't enough, I guess, to help boost what

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Speaker 3: Lennard saw as home orders for the final.

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Speaker 1: Quarter of the year.

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Speaker 3: So this home builder that is listed in the S

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Speaker 3: and P five hundred is down nearly three percent so

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Speaker 3: far this morning.

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Speaker 1: All right, let's talk about Intel. Of course, we got

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Speaker 1: that huge news on Nvidia yesterday that looks like that

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Speaker 1: stock might be fading just a bit this morning.

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Speaker 3: Yeah, just a bit. I mean, we have to say

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Speaker 3: it was of twenty two percent yesterday. It's only down

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Speaker 3: one percent today, so that's pretty much an achievement in itself.

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Speaker 3: But they did get downgraded from City. Their analysts are

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Speaker 3: worried about its valuation. It is trading at the moment

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Speaker 3: at fifty seven times forward earnings, which is nearly double

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Speaker 3: that of Nvidia. So yes, the valuations have gone out

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Speaker 3: of whack, but it's had, you know, an investment from Navidia,

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Speaker 3: an investment from the US government, and really since the

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Speaker 3: CEO of Intel sat down with President Trump on the

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Speaker 3: eleventh of August, the stock is up nearly fifty percent.

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Speaker 3: So yes, it has had a great run. Valuations do

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Speaker 3: look stretched, but there's a lot of promise in this

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Speaker 3: company's turnaround now.

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Speaker 1: And apparently some analysts still see promise in Tesla. Tell

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Speaker 1: us about the upgrade.

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Speaker 3: Yeah, Tesla leading the gains in the mag seven today

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Speaker 3: after quite a decent rally for tech yesterday. Tesla's up

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Speaker 3: one point two percent. They were upgraded from Baird Now.

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Speaker 3: It's the analysts are turning more positive on their AI

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Speaker 3: potential when it comes to their physical uses of AI,

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Speaker 3: implementing it in their robotaxis, their self driving cars and

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Speaker 3: their humanoid robots. So Tesla is in the green of

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Speaker 3: one point two percent. And while we're on the mag seven,

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Speaker 3: I do want to mention the Apple's doing pretty well

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Speaker 3: this morning. It's up six tens of one percent. There's

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Speaker 3: some early reporting that their iPhone seventeen sales across Asia

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Speaker 3: are showing strong demand for the pro models.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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