Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a
Speaker 1: morning where the broader indexes aren't moving a whole lot, Valerie,
Speaker 1: but will you take a look at the micro Wow,
Speaker 1: look at FedEx. A positive sign here perhaps on how
Speaker 1: people are feeling about the earnings and maybe the broader
Speaker 1: economy as well. Good morning, It's.
Speaker 3: Really delivering in its earnings yesterday you went there five
Speaker 3: and a half percent. So far in pre market trade,
Speaker 3: it's even lifting the shares of ups as well. Those
Speaker 3: are up nearly two percent. What FedEx did was they
Speaker 3: offset a potential concern about the tariff hit with a
Speaker 3: pretty solid guidance so on the week side. The CFO
Speaker 3: did say in the earnings call that fed will suffer
Speaker 3: a one billion dollar hit from trade volatility this year,
Speaker 3: highlighting the impact of tariffs and the ending of the
Speaker 3: deminimous rule. But FedEx is still doing all right offsetting
Speaker 3: that hit. They gave a decent guidance on sales, expect
Speaker 3: sales to rise around six percent into the end of
Speaker 3: the year, and they also reinstated their full year outlook,
Speaker 3: and it gave a sign to investors that FedEx is
Speaker 3: gaining growing clarity about the shipping business ahead of the
Speaker 3: busy holiday season.
Speaker 1: All right, so if we're sticking with cliches here on
Speaker 1: the earnings, let's talk about Lenar and how it's kind
Speaker 1: of getting dismantled this morning.
Speaker 3: Lennar is a home builder and it is down three
Speaker 3: percent so far in pre market trade. This is after
Speaker 3: its earnings. The forecast for home orders missed estimates. They
Speaker 3: cited affordability concerns and the wavering job market as for
Speaker 3: their potential week guidance on orders, and it's disappointing to
Speaker 3: investors as well, on the back of the fact that
Speaker 3: there's been a recent drop in mortgage rates, they're now
Speaker 3: at their lowest line level in almost a year, and
Speaker 3: it still wasn't enough, I guess, to help boost what
Speaker 3: Lennard saw as home orders for the final.
Speaker 1: Quarter of the year.
Speaker 3: So this home builder that is listed in the S
Speaker 3: and P five hundred is down nearly three percent so
Speaker 3: far this morning.
Speaker 1: All right, let's talk about Intel. Of course, we got
Speaker 1: that huge news on Nvidia yesterday that looks like that
Speaker 1: stock might be fading just a bit this morning.
Speaker 3: Yeah, just a bit. I mean, we have to say
Speaker 3: it was of twenty two percent yesterday. It's only down
Speaker 3: one percent today, so that's pretty much an achievement in itself.
Speaker 3: But they did get downgraded from City. Their analysts are
Speaker 3: worried about its valuation. It is trading at the moment
Speaker 3: at fifty seven times forward earnings, which is nearly double
Speaker 3: that of Nvidia. So yes, the valuations have gone out
Speaker 3: of whack, but it's had, you know, an investment from Navidia,
Speaker 3: an investment from the US government, and really since the
Speaker 3: CEO of Intel sat down with President Trump on the
Speaker 3: eleventh of August, the stock is up nearly fifty percent.
Speaker 3: So yes, it has had a great run. Valuations do
Speaker 3: look stretched, but there's a lot of promise in this
Speaker 3: company's turnaround now.
Speaker 1: And apparently some analysts still see promise in Tesla. Tell
Speaker 1: us about the upgrade.
Speaker 3: Yeah, Tesla leading the gains in the mag seven today
Speaker 3: after quite a decent rally for tech yesterday. Tesla's up
Speaker 3: one point two percent. They were upgraded from Baird Now.
Speaker 3: It's the analysts are turning more positive on their AI
Speaker 3: potential when it comes to their physical uses of AI,
Speaker 3: implementing it in their robotaxis, their self driving cars and
Speaker 3: their humanoid robots. So Tesla is in the green of
Speaker 3: one point two percent. And while we're on the mag seven,
Speaker 3: I do want to mention the Apple's doing pretty well
Speaker 3: this morning. It's up six tens of one percent. There's
Speaker 3: some early reporting that their iPhone seventeen sales across Asia
Speaker 3: are showing strong demand for the pro models.
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