Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 1: This takes a look at some of the stocks on
Speaker 1: the move today. I'm Paul Swingeing alongside Norm Melinda. We're
Speaker 1: joined by Bloomberg's Billy Lipschutz Billy, What are you looking
Speaker 1: at today?
Speaker 3: Yeah?
Speaker 1: I want to start with home builder Leonard ticker l
Speaker 1: e N right now down two point six percent, treating
Speaker 1: at the lowest level since mid August. The stock is
Speaker 1: down more than thirty percent in the last twelve months.
Speaker 1: This comes after not only did they miss earnings on
Speaker 1: their third quarter results, but also the guidance for four
Speaker 1: Q falling short of expectations. It's been a tough market
Speaker 1: for home builders. When you see a company again that
Speaker 1: missed the street estimates for three Q and then not
Speaker 1: only new orders but delivery is also falling short for
Speaker 1: that guidance for the fourth quarter, that stock's under a
Speaker 1: bit of pressure. One of the worst performers in the
Speaker 1: SP five hundred. We're also seeing a number of peers
Speaker 1: under pressure. It's a tough spot, tough market. Will the
Speaker 1: FED cutting interest rates spark demand for new homes? Laura,
Speaker 1: I don't know, Maybe I think med, But it certainly
Speaker 1: feels like it's a choppy space. And obviously you still
Speaker 1: deal with uncertainty around tariffs and the questions around the
Speaker 1: drivers for the FED cut interest rates and what that
Speaker 1: could ultimately mean for would be home buyers.
Speaker 3: Certainly a choppy market here for homebuilders. But if you
Speaker 3: do look at S one to five home the index
Speaker 3: year to date up thirteen percent this year. So, I mean,
Speaker 3: it is a challenging home market, as you're pointing out,
Speaker 3: especially with the high rates. But it's interesting to see
Speaker 3: the green there on a year to date basis. What
Speaker 3: else are you keeping your eye on here?
Speaker 1: Billy, Yeah, talking about the green, Let's look at a company,
Speaker 1: Core Weave Tick or CRWV, one of the best performing
Speaker 1: IPOs of the year, the stock up more than two
Speaker 1: hundred percent since pricing back in March. This is a
Speaker 1: company in the a cloud computing space, partner very closely
Speaker 1: with Nvidia. This move comes after an analyst at Loop
Speaker 1: recommended the stock to investors, saying that the company remains
Speaker 1: a material there's an underappreciation for how committed these hyperscalers
Speaker 1: are and kind of the hopes for AI and what
Speaker 1: this could ultimately mean. They the analysts laying out that
Speaker 1: they see potential for material upside to consensus estimates. The
Speaker 1: thing that's interesting with Corwy is this is one of
Speaker 1: the most divisive stocks on Wall Street eleven buys fourteen,
Speaker 1: holds three cells. So when you're seeing analysts coming out
Speaker 1: with kind of mixed views, a bowl does kind of
Speaker 1: get a little bit of excitement going. But certainly this
Speaker 1: is a stock that is still down about sixty bucks
Speaker 1: from its closing high back in June. So a lot
Speaker 1: of questions around the path forward for AI. Hyperscalers and
Speaker 1: companies that are playing in that computing space.
Speaker 3: Absolutely up two hundred and seventeen percent so far this year.
Speaker 3: Any other stocks we're looking at, Yeah, going.
Speaker 1: To touch on into it. Tax preparation. I don't know
Speaker 1: if you guys are doing your tax as yourself.
Speaker 2: You gotta guy, you gotta guy exactly.
Speaker 1: I gotta get too, So I think I'll pay up
Speaker 1: to not have to worry about it. This is a
Speaker 1: company ticker i INTU, up about two percent. This comes
Speaker 1: after the company held an analyst day The interesting thing, guys,
Speaker 1: the company was talking about twenty thirty goals of accelerating
Speaker 1: revenue growth through about twenty percent. That's a big move
Speaker 1: for this company, analystis sefol basically saying regardless if they
Speaker 1: reach that quote lofty goal, there's still a push to
Speaker 1: move further up market and what that could mean for
Speaker 1: the company, benefiting not only their revenue growth but also
Speaker 1: their margin expansion. But again, a stock that is down
Speaker 1: from a July high about fourteen percent, zo choppy performance
Speaker 1: for into it.
Speaker 2: There the Stock Movers Report from Bloomberg Radio. Check back
Speaker 2: with us throughout the day for the latest roundup of
Speaker 2: companies making news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android
Speaker 2: Auto with the Bloomberg Business app.