1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:17,520 --> 00:00:19,520 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,560 --> 00:00:23,560 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Another busy 6 00:00:23,720 --> 00:00:26,040 Speaker 3: day for earnings. We're waiting for the mag seven. But 7 00:00:26,160 --> 00:00:30,400 Speaker 3: this morning, Valerie, we've heard from AT and T. Good morning, Hey, 8 00:00:30,400 --> 00:00:31,120 Speaker 3: good morning, Nathan. 9 00:00:31,160 --> 00:00:32,839 Speaker 1: Yes, we have heard from AT and T, and the 10 00:00:32,880 --> 00:00:35,600 Speaker 1: shares are in the red, down nearly two percent so 11 00:00:35,720 --> 00:00:37,800 Speaker 1: far in the pre market, even though they did come 12 00:00:37,800 --> 00:00:40,560 Speaker 1: out with a beat. When it comes to subscriber numbers, 13 00:00:40,560 --> 00:00:43,760 Speaker 1: they added four hundred and one thousand. The estimate was 14 00:00:43,800 --> 00:00:46,920 Speaker 1: for three hundred and one thousand. It comes after its competitor, 15 00:00:47,080 --> 00:00:51,080 Speaker 1: Verizon reported a loss of subscribers. It does seem to 16 00:00:51,159 --> 00:00:53,400 Speaker 1: be like the equity market reaction, though is not in 17 00:00:53,440 --> 00:00:57,320 Speaker 1: line with this beat on on the subscriber edition. So 18 00:00:57,600 --> 00:01:00,520 Speaker 1: there does seem to be like there was some positivity 19 00:01:00,560 --> 00:01:02,760 Speaker 1: in these results. The market is clearly not reading it 20 00:01:02,800 --> 00:01:06,280 Speaker 1: that way. But management has recently announced plans to also 21 00:01:06,520 --> 00:01:09,679 Speaker 1: accelerate the company's fiber network. And this is important because 22 00:01:10,160 --> 00:01:12,440 Speaker 1: there has been suspicion that there will be a build 23 00:01:12,480 --> 00:01:17,160 Speaker 1: up in cash savings at the telecom the big US 24 00:01:17,160 --> 00:01:20,640 Speaker 1: telecom providers in order to invest after the tax bill, 25 00:01:20,680 --> 00:01:23,319 Speaker 1: and they have said that they will use the savings, 26 00:01:23,360 --> 00:01:26,680 Speaker 1: the cash tax savings from Trump's tax bill to invest 27 00:01:26,760 --> 00:01:29,240 Speaker 1: in building out its fiber network. Maybe that number of 28 00:01:29,280 --> 00:01:32,120 Speaker 1: the investment of three and a half billion is worrying 29 00:01:32,120 --> 00:01:34,000 Speaker 1: the market somewhat, and that's why we're seeing AT and 30 00:01:34,000 --> 00:01:35,119 Speaker 1: T fall one and a half percent. 31 00:01:35,280 --> 00:01:38,240 Speaker 3: Yeah. We also got results this morning from ge Vernova. 32 00:01:38,360 --> 00:01:39,800 Speaker 3: Big move to the upside there. 33 00:01:40,200 --> 00:01:43,039 Speaker 1: Yeah, ge Vernova up four point seven percent, and this 34 00:01:43,120 --> 00:01:47,320 Speaker 1: is the energy equipment manufacturing and services company. It says 35 00:01:47,120 --> 00:01:49,800 Speaker 1: it sees it's full year revenue at the top end 36 00:01:50,320 --> 00:01:53,480 Speaker 1: of its previous range and keeps its twenty twenty five 37 00:01:53,680 --> 00:01:57,560 Speaker 1: guidance that includes the impact of tariffs as currently outlined. 38 00:01:57,600 --> 00:02:00,040 Speaker 1: So they're now estimated that their impact from tariffs to 39 00:02:00,120 --> 00:02:02,240 Speaker 1: be at the lower end of the three hundred to 40 00:02:02,240 --> 00:02:05,400 Speaker 1: four hundred million range that they previously announced. They did 41 00:02:05,400 --> 00:02:09,359 Speaker 1: see their margins expand as well into the high single digits. 42 00:02:09,400 --> 00:02:13,320 Speaker 1: And Vernova has frankly become a Wall Street darling due 43 00:02:13,360 --> 00:02:15,600 Speaker 1: to the way. It's kind of a way to play 44 00:02:15,720 --> 00:02:18,360 Speaker 1: the growing demand for electricity in the US from AI. 45 00:02:18,480 --> 00:02:20,320 Speaker 1: So it does seem to be like that trade is continuing. 46 00:02:20,320 --> 00:02:23,320 Speaker 1: And I did look up why it's called vernova, Nathan. 47 00:02:23,480 --> 00:02:27,760 Speaker 1: It was a Latin translation verdee meeting green and nova 48 00:02:27,800 --> 00:02:31,040 Speaker 1: for remaining new, meant to evoke the new green energy future. 49 00:02:31,480 --> 00:02:35,720 Speaker 3: Every day is an education on stock movers still seeing 50 00:02:35,760 --> 00:02:39,040 Speaker 3: a big move to the downside after Texas Instruments results 51 00:02:39,080 --> 00:02:40,520 Speaker 3: after the close yesterday. 52 00:02:40,160 --> 00:02:43,840 Speaker 1: Ve out, Yeah, Texas Entrance down eleven percent. It's forecast 53 00:02:44,160 --> 00:02:46,760 Speaker 1: it's really started to fuel some tariff fears. It was 54 00:02:46,800 --> 00:02:49,320 Speaker 1: all about a question that an analyst asked to the CEO. 55 00:02:49,720 --> 00:02:52,079 Speaker 1: They wanted some clarity on just how much of their 56 00:02:52,120 --> 00:02:56,079 Speaker 1: surge in Q two sales was due to customers front 57 00:02:56,120 --> 00:02:58,560 Speaker 1: running tariffs, and management was unable to give that kind 58 00:02:58,560 --> 00:03:01,000 Speaker 1: of clarity. So it seems like in these earnings reports 59 00:03:01,040 --> 00:03:03,520 Speaker 1: you need to give some incremental kit clarity on the 60 00:03:03,520 --> 00:03:06,760 Speaker 1: tariff impact or else you're pretty punished in the aftermarket. 61 00:03:06,760 --> 00:03:09,320 Speaker 1: So Texas Instruments down eleven percent and just. 62 00:03:09,360 --> 00:03:13,040 Speaker 3: Quickly memestock two point zero kind of feels like it's spreading. 63 00:03:13,360 --> 00:03:16,720 Speaker 1: Oh my goodness, it's spreading. GoPro up thirty seven percent, 64 00:03:17,080 --> 00:03:20,480 Speaker 1: Krispy Kreme up twenty percent, and one eight hundred Flowers 65 00:03:20,800 --> 00:03:23,440 Speaker 1: up nearly twelve percent. This all comes after these three 66 00:03:23,440 --> 00:03:27,560 Speaker 1: stocks surged hugely yesterday. I mean, GoPro is up forty 67 00:03:27,560 --> 00:03:31,639 Speaker 1: one percent already, so it's doubling that gain already. Memestock 68 00:03:31,720 --> 00:03:34,400 Speaker 1: mania has return for whatever reason, Nathan, I mean, pick 69 00:03:34,440 --> 00:03:37,480 Speaker 1: your reason. Maybe these retail traders who bought the dip 70 00:03:37,520 --> 00:03:39,960 Speaker 1: back in April are just feeling more confident throwing it 71 00:03:40,000 --> 00:03:40,800 Speaker 1: around at the moment. 72 00:03:42,080 --> 00:03:46,240 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 73 00:03:46,320 --> 00:03:49,080 Speaker 2: us throughout the day for the latest roundup of companies 74 00:03:49,120 --> 00:03:52,160 Speaker 2: making news on Wall Street and for the latest market 75 00:03:52,200 --> 00:03:56,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 76 00:03:56,600 --> 00:03:59,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 77 00:03:59,880 --> 00:04:01,320 Speaker 2: the Bloomberg Business app.