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: I'm Jim Statveek along with Carol Mass, so let's take
Speaker 1: a look at some stocks on the move today. We're
Speaker 1: joined by Bloomberg News equities reporter Carmen Ryanicky Carmen lots
Speaker 1: to choose from in the after hours.
Speaker 3: Yeah, we have.
Speaker 4: A kind of exciting after hour session happening right now.
Speaker 4: So I'm watching shares of Alphabet, so that's ticker Googl
Speaker 4: and Apple AAPL. So Google Alphabet is up almost eight
Speaker 4: percent right now. This is a huge jump. If this
Speaker 4: keeps up, it'll be well above a record high tomorrow
Speaker 4: when the market opens. And Apple is also up about
Speaker 4: three point seven percent. And basically the reason that both
Speaker 4: of these talks are up right now is that a
Speaker 4: judge ruled that Alphabet's Google doesn't have to sell the
Speaker 4: Chrome web browser. So that, I mean makes sense that
Speaker 4: that's good for Alphabet. Antitrust is something that's really been hanging.
Speaker 5: Over the style. It's a big deal.
Speaker 4: The Apple move is interesting too, because we were initially
Speaker 4: like well, why is Apple doing so well? And basically so,
Speaker 4: these contracts are not exclusive and the payments can still
Speaker 4: go from Alphabet to Google or sorry to Apple. So
Speaker 4: basically it seems like the market is saying that the
Speaker 4: Apple Alphabet relationship is going to keep going. This is
Speaker 4: lots of money. It's something that had also been hanging
Speaker 4: over Apple, right.
Speaker 3: So in another way, and the judge did not barrow
Speaker 3: the company for making payments to third parties for default
Speaker 3: browser placement, and for Apple, that's been some big money,
Speaker 3: huge billions of dollars.
Speaker 5: Yeah, you know.
Speaker 1: What's kind of cool. The start of Perplexity made this
Speaker 1: thirty four and a half billion dollar awful offer for
Speaker 1: Chrome back on August twelfth, so about three weeks ago. Tomorrow,
Speaker 1: it'll be interesting to see in terms of marketcap how
Speaker 1: much is added to Alphabet and maybe that's that's one
Speaker 1: sort of proxy for Okay, this is how investors are
Speaker 1: valuing it is a recompany.
Speaker 5: Smart takeaway.
Speaker 1: You know, wow, I've been doing this for fifteen years.
Speaker 1: Sometimes every few years. Every few years there's a hidden
Speaker 1: jab tarrow.
Speaker 5: Great takeaway. I'm really impressed with that.
Speaker 4: To deal with current I mean billions of dollars. Even
Speaker 4: just a one percent move for Google stock is no
Speaker 4: sixteen seventeen billion dollars, So this is going to be
Speaker 4: more than eight percent that it's up right now in
Speaker 4: the wider hour.
Speaker 1: So flexity, that was like a low ball offer. Maybe
Speaker 1: maybe okay.
Speaker 5: Huh because what wait? What did you say? How many
Speaker 5: sixteen seventeen?
Speaker 4: So I just pulled up. So Friday's move on Google
Speaker 4: was less than one percent, and that was a fifteen
Speaker 4: billion dollar change in the period.
Speaker 5: You're looking at, you know, eight and a half percent higher. Wow? Okay,
Speaker 5: and video just before we go.
Speaker 4: Yeah, so the you know, the big stock that we're
Speaker 4: always watching, shares of Nvidia fell today and they ended
Speaker 4: just below their fifty day moving average technical level one
Speaker 4: that a lot of people watch. I think this really
Speaker 4: signals that there could you know, continue to be down
Speaker 4: side momentum here for this stock. This is the fourth
Speaker 4: street negative session for Nvidia. I mean obviously last week
Speaker 4: it had earnings that didn't quite you know, make it
Speaker 4: over the lofty bar that analysts and investors were overall expecting.
Speaker 4: And then we've really just seen a sell off ever since,
Speaker 4: which is weight on the entire market. So watching Nvidia tomorrow,
Speaker 4: will see if it bounces, if we get some by
Speaker 4: the dip, or if this continues to sell off.
Speaker 3: Still up twenty seven percent here today, just saying also
Speaker 3: like eighty percent from that April low.
Speaker 1: I will point out too, it was you know, the
Speaker 1: market was closed yesterday, but it was down.
Speaker 3: Yeah.
Speaker 1: Wednesday it fell ever so slightly. Thursday, it's down one
Speaker 1: point four percent. Friday, excuse me, eight tens of one percent.
Speaker 1: Friday it fell three point three percent.
Speaker 3: Then today, if you look at something like RSI or
Speaker 3: like Relative Strength Index, it's moving towards being over sold.
Speaker 5: So we'll see whether or not you do have some
Speaker 5: other buyers coming in.
Speaker 2: The stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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