WEBVTT - Amazon Drops, Home Depot Falls, Cloudfare Sinks After Outage  

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some of the stocks on the move today. I'm

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<v Speaker 1>Paul swinging alongside Scarlet Food and we're joined by Bloomberg's

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<v Speaker 1>normal Linda Nor. What are you looking at?

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<v Speaker 2>Well, let's take a look at some of the techtocks.

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<v Speaker 2>I mean, of course, we know information technology is the

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<v Speaker 2>worst performing sector in the S and P five hundred

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<v Speaker 2>are really seeing a broad based sell off in that

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<v Speaker 2>space particularly, But I'm looking at shares of Microsoft that's

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<v Speaker 2>MSFT and Amazon AMZN, both underperforming the mag seven groove,

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<v Speaker 2>and this is after Roth's Childing Co and analyst over

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<v Speaker 2>there downgraded both of these names for the first time

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<v Speaker 2>since initiating coverage back in June of twenty twenty two.

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<v Speaker 2>They're essentially talking about the fact that the industry is

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<v Speaker 2>like trust Us jen AI is just like early Cloud

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<v Speaker 2>one point zero. But it seems that this is just

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<v Speaker 2>really echoing no sentiments about a potential AI bubble and

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<v Speaker 2>whether or not a lot of these companies are over

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<v Speaker 2>stating what expectations should be versus what they will actually

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<v Speaker 2>be able to deliver. So you are seeing some pressure

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<v Speaker 2>on those two stocks, in particularly shares of Microsoft earlier

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<v Speaker 2>hitting their lowest level since July.

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<v Speaker 1>And of course retail earnings are now front and center,

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<v Speaker 1>and you're looking at Home Depot.

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<v Speaker 2>Also looking at Home Depot, we do see shares of

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<v Speaker 2>Home Depot lower down by about three point six percent,

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<v Speaker 2>that's ticker HD, but it was earlier down as much

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<v Speaker 2>as five percent. That's the most in the lowest level

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<v Speaker 2>since April. Here, this is after the company cut its

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<v Speaker 2>full year earning's guidance. We really are seeing, of course,

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<v Speaker 2>some data that does support the fact that the labor

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<v Speaker 2>market is doing okay, but it does seem as though

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<v Speaker 2>in this particular space when we think about home improvement,

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<v Speaker 2>the consumer is pressured. Here we're not seeing as many

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<v Speaker 2>people buying those big ticket items that they were before.

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<v Speaker 2>At Home Depot, Tariff concerns still of course in focus,

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<v Speaker 2>and just generally we're seeing a housing market that still

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<v Speaker 2>remains frozen. So you are seeing all these things and

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<v Speaker 2>more weighing on results out of Home Depot. Cloud Fare, yes,

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<v Speaker 2>cloud Flare, this is ticker in EAT we're seeing shares

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<v Speaker 2>lower by about two point nine percent earlier dropping for

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<v Speaker 2>their biggest drops drops in stu Lie. And of course

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<v Speaker 2>we know that this global outage that we did see

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<v Speaker 2>on the network is now resolving. That's according to reports here.

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<v Speaker 2>But this was of course weighing on shares of cloud Fair.

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<v Speaker 2>Of course we did see this affecting sites like Chat, GPTX.

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<v Speaker 2>I mean, I was on Twitter, it wasn't loading anything.

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<v Speaker 2>So it seems as though we were seeing some weakness

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<v Speaker 2>in the stock based off of the fact that there

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<v Speaker 2>was some unclarity as to what this actually.

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<v Speaker 1>Was due from the stock mover's report from Bloomberg Radio.

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<v Speaker 1>Check back with us throughout the day for the latest

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<v Speaker 1>roundup of companies making news on Wall Street and for

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