Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some of the stocks on the move today. I'm
Speaker 1: Paul swinging alongside Scarlet Food and we're joined by Bloomberg's
Speaker 1: normal Linda Nor. What are you looking at?
Speaker 2: Well, let's take a look at some of the techtocks.
Speaker 2: I mean, of course, we know information technology is the
Speaker 2: worst performing sector in the S and P five hundred
Speaker 2: are really seeing a broad based sell off in that
Speaker 2: space particularly, But I'm looking at shares of Microsoft that's
Speaker 2: MSFT and Amazon AMZN, both underperforming the mag seven groove,
Speaker 2: and this is after Roth's Childing Co and analyst over
Speaker 2: there downgraded both of these names for the first time
Speaker 2: since initiating coverage back in June of twenty twenty two.
Speaker 2: They're essentially talking about the fact that the industry is
Speaker 2: like trust Us jen AI is just like early Cloud
Speaker 2: one point zero. But it seems that this is just
Speaker 2: really echoing no sentiments about a potential AI bubble and
Speaker 2: whether or not a lot of these companies are over
Speaker 2: stating what expectations should be versus what they will actually
Speaker 2: be able to deliver. So you are seeing some pressure
Speaker 2: on those two stocks, in particularly shares of Microsoft earlier
Speaker 2: hitting their lowest level since July.
Speaker 1: And of course retail earnings are now front and center,
Speaker 1: and you're looking at Home Depot.
Speaker 2: Also looking at Home Depot, we do see shares of
Speaker 2: Home Depot lower down by about three point six percent,
Speaker 2: that's ticker HD, but it was earlier down as much
Speaker 2: as five percent. That's the most in the lowest level
Speaker 2: since April. Here, this is after the company cut its
Speaker 2: full year earning's guidance. We really are seeing, of course,
Speaker 2: some data that does support the fact that the labor
Speaker 2: market is doing okay, but it does seem as though
Speaker 2: in this particular space when we think about home improvement,
Speaker 2: the consumer is pressured. Here we're not seeing as many
Speaker 2: people buying those big ticket items that they were before.
Speaker 2: At Home Depot, Tariff concerns still of course in focus,
Speaker 2: and just generally we're seeing a housing market that still
Speaker 2: remains frozen. So you are seeing all these things and
Speaker 2: more weighing on results out of Home Depot. Cloud Fare, yes,
Speaker 2: cloud Flare, this is ticker in EAT we're seeing shares
Speaker 2: lower by about two point nine percent earlier dropping for
Speaker 2: their biggest drops drops in stu Lie. And of course
Speaker 2: we know that this global outage that we did see
Speaker 2: on the network is now resolving. That's according to reports here.
Speaker 2: But this was of course weighing on shares of cloud Fair.
Speaker 2: Of course we did see this affecting sites like Chat, GPTX.
Speaker 2: I mean, I was on Twitter, it wasn't loading anything.
Speaker 2: So it seems as though we were seeing some weakness
Speaker 2: in the stock based off of the fact that there
Speaker 2: was some unclarity as to what this actually.
Speaker 1: Was due from the stock mover's report from Bloomberg Radio.
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