1 00:00:02,520 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,480 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,600 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,079 --> 00:00:19,720 Speaker 3: I'm Carol Master along with Tim Stenvik. Let's get to 5 00:00:19,800 --> 00:00:22,840 Speaker 3: Bloomberg News Equities reporter and deputy team leader for US 6 00:00:22,880 --> 00:00:25,639 Speaker 3: Equities Carmen Reinigy, with a look at some stocks on 7 00:00:25,680 --> 00:00:28,240 Speaker 3: the move on this Tuesday. Let's start with Boeing. 8 00:00:28,280 --> 00:00:30,240 Speaker 4: This was some map performance. 9 00:00:29,800 --> 00:00:31,120 Speaker 3: Here in the S and P five hundred. 10 00:00:31,280 --> 00:00:33,280 Speaker 4: Yeah, it was the I think top gainer today on 11 00:00:33,320 --> 00:00:36,640 Speaker 4: the SMP. So it's Boeing ticker. BA shares are up 12 00:00:36,680 --> 00:00:39,640 Speaker 4: ten percent today, it's best day since April ninth. The 13 00:00:39,680 --> 00:00:43,840 Speaker 4: company's CFO said that it expects to generate cash again 14 00:00:43,880 --> 00:00:46,720 Speaker 4: in twenty twenty six, which is a reversal from what's 15 00:00:46,720 --> 00:00:49,479 Speaker 4: expected this year, which is a cash burn of about 16 00:00:49,520 --> 00:00:52,920 Speaker 4: two billion dollars. So this just shows that sort of 17 00:00:53,000 --> 00:00:57,840 Speaker 4: its longer turn turnaround is sort of gaining traction, doing 18 00:00:57,880 --> 00:01:00,600 Speaker 4: a little bit better. This was also one of the 19 00:01:00,640 --> 00:01:03,400 Speaker 4: first times I think this new CFO has been able 20 00:01:03,440 --> 00:01:06,080 Speaker 4: to speak. He spoke today at an investor conference. 21 00:01:06,200 --> 00:01:09,040 Speaker 3: Yeah. Pretty significant, right, because they have had. They've been 22 00:01:09,080 --> 00:01:12,120 Speaker 3: burning through cash in a significant way. So to see 23 00:01:12,120 --> 00:01:13,839 Speaker 3: this turnaround is pretty significant. 24 00:01:13,920 --> 00:01:15,960 Speaker 1: Okay, now can we talk a little American bitcoin. 25 00:01:16,200 --> 00:01:18,160 Speaker 3: You can do whatever you want, Tim Stanmer, this. 26 00:01:18,560 --> 00:01:21,680 Speaker 1: Was a wild opening to the day. This company saw 27 00:01:21,760 --> 00:01:24,000 Speaker 1: its trading halted. 28 00:01:24,560 --> 00:01:28,440 Speaker 4: Yeah, it was crazy. So this is ticker ABTC shares 29 00:01:28,440 --> 00:01:31,440 Speaker 4: plunged thirty nine percent, a lot of volatility, you know, 30 00:01:31,720 --> 00:01:35,000 Speaker 4: halted all of that. So what happened is basically they 31 00:01:35,000 --> 00:01:39,080 Speaker 4: freed up restriction restricted shares to be traded. So this 32 00:01:39,160 --> 00:01:42,040 Speaker 4: is actually really common when we see stocks have a 33 00:01:42,080 --> 00:01:44,960 Speaker 4: lock up period end all of a sudden, there's more liquidity. 34 00:01:45,440 --> 00:01:46,399 Speaker 4: Some early into they. 35 00:01:46,360 --> 00:01:47,720 Speaker 3: Drop almost forty percent. 36 00:01:48,040 --> 00:01:50,640 Speaker 4: Well forty percent is a lot, but you know, early 37 00:01:50,680 --> 00:01:54,400 Speaker 4: investors want to maybe take some of their profits. Just yeah, 38 00:01:54,440 --> 00:01:56,760 Speaker 4: more liquidity hits the market, so that just more trading 39 00:01:56,760 --> 00:02:00,520 Speaker 4: can happen. But this stock, it's been very eaten down. 40 00:02:00,560 --> 00:02:02,640 Speaker 4: It's actually up about nine percent on the year, but 41 00:02:02,640 --> 00:02:06,120 Speaker 4: if you zoom out, it's fallen considerably over the last 42 00:02:06,200 --> 00:02:06,680 Speaker 4: few years. 43 00:02:06,720 --> 00:02:09,320 Speaker 1: And it just and it had that spack merger right 44 00:02:09,560 --> 00:02:11,000 Speaker 1: it was I don't remember if it was a Spack 45 00:02:11,360 --> 00:02:13,680 Speaker 1: or I don't quote me on this, well. 46 00:02:13,600 --> 00:02:15,000 Speaker 4: It merged with Griffin Digital Mind. 47 00:02:15,080 --> 00:02:17,520 Speaker 1: Yeah, and it did that back in September, so you know, 48 00:02:17,560 --> 00:02:20,880 Speaker 1: it was the stock was was sort of level until then. 49 00:02:21,400 --> 00:02:25,040 Speaker 1: And that's really where you know American bitcoin when American 50 00:02:25,040 --> 00:02:25,920 Speaker 1: Bitcoin was created. 51 00:02:26,000 --> 00:02:30,320 Speaker 3: I mean, it is down seventy six percent since early September. 52 00:02:30,600 --> 00:02:32,079 Speaker 1: All right, so we'll keep it eye on that one 53 00:02:32,400 --> 00:02:35,400 Speaker 1: tomorrow and later in the week. Marvel Technology moving in 54 00:02:35,400 --> 00:02:36,040 Speaker 1: the after hours. 55 00:02:36,120 --> 00:02:39,080 Speaker 4: So let's look at Marvel ticker mrvl so. Shares are 56 00:02:39,160 --> 00:02:42,520 Speaker 4: down about four four point two percent right now. So 57 00:02:42,560 --> 00:02:46,000 Speaker 4: the company announced earnings that seemed pretty okay, actually looks 58 00:02:46,000 --> 00:02:48,760 Speaker 4: like mostly in line with estimates. But what investors are 59 00:02:48,760 --> 00:02:52,400 Speaker 4: reacting to is that it announced plans to acquire Celestial Ai, 60 00:02:52,600 --> 00:02:57,239 Speaker 4: a startup, for three point two five billion. So you know, 61 00:02:57,720 --> 00:03:00,640 Speaker 4: every every company is wanting to capture more space on AI. 62 00:03:00,800 --> 00:03:03,440 Speaker 4: This is Marvel's bid to do that. So it looks 63 00:03:03,480 --> 00:03:06,959 Speaker 4: like that's really what is dragging shares down. BI Bloomberk 64 00:03:07,040 --> 00:03:10,720 Speaker 4: Intelligence said, you know, the two Q sales and the 65 00:03:10,800 --> 00:03:13,040 Speaker 4: even the top line guidance for the third quarter is 66 00:03:13,080 --> 00:03:16,440 Speaker 4: not enough to raise the near term optimism and there 67 00:03:16,480 --> 00:03:20,560 Speaker 4: will be more questions surrounding Celestial AI and the purchase price. 68 00:03:20,680 --> 00:03:23,400 Speaker 1: You know, I'm looking at Celestial ais website back in August, 69 00:03:23,440 --> 00:03:26,040 Speaker 1: the most recent press release, it's about closing a C 70 00:03:26,440 --> 00:03:29,480 Speaker 1: A final Series C one round to accelerate its next 71 00:03:29,480 --> 00:03:33,600 Speaker 1: gen AI computing. They added strategic investors, then a venture 72 00:03:33,600 --> 00:03:37,760 Speaker 1: tech alliance and Samsung Catalyst fund the latest investments bringing 73 00:03:37,760 --> 00:03:40,280 Speaker 1: the companies total funding up to five hundred and twenty 74 00:03:40,320 --> 00:03:43,600 Speaker 1: million dollars, so more than three billion dollar acquisition. Those 75 00:03:43,640 --> 00:03:45,200 Speaker 1: venture capitalists having a nice payday. 76 00:03:45,320 --> 00:03:48,800 Speaker 3: You know, what we're seeing right now is companies that 77 00:03:48,880 --> 00:03:54,760 Speaker 3: can either make AI transactions chips more efficient, more productive, 78 00:03:54,840 --> 00:03:57,360 Speaker 3: less energy usage. And I'm just looking at Celestial AI 79 00:03:58,560 --> 00:04:02,560 Speaker 3: offers a technology called photo tonic fabric that connects components 80 00:04:02,560 --> 00:04:05,200 Speaker 3: within AI infrastructure so that it relies on light to 81 00:04:05,240 --> 00:04:08,960 Speaker 3: more efficiently move data, helping AI systems run more quickly. 82 00:04:09,000 --> 00:04:10,800 Speaker 3: So I do feel like we're starting to see money 83 00:04:11,160 --> 00:04:15,600 Speaker 3: move into this section. We're seeing movie I should say 84 00:04:15,720 --> 00:04:19,440 Speaker 3: money moving into American Eagle in the Afterno, yeah. 85 00:04:19,320 --> 00:04:22,080 Speaker 4: Let's like an American eagle. This is ticker. AEO shares 86 00:04:22,080 --> 00:04:24,880 Speaker 4: are up about twelve percent right now. It just reported 87 00:04:24,920 --> 00:04:29,160 Speaker 4: earnings with strong sales and a higher outlook for twenty 88 00:04:29,240 --> 00:04:32,920 Speaker 4: twenty five, so they raised its outlook, pivoting from weakness 89 00:04:32,960 --> 00:04:36,040 Speaker 4: earlier in the year. I think there was a little 90 00:04:36,040 --> 00:04:38,400 Speaker 4: bit of a downturn. You know, they were retailers in 91 00:04:38,440 --> 00:04:41,280 Speaker 4: general were hit by tariffs, and they also had you know, 92 00:04:41,320 --> 00:04:43,680 Speaker 4: they got some sort of the Meme stock treatment with 93 00:04:43,720 --> 00:04:46,280 Speaker 4: some of their ads. Then they had but then they 94 00:04:46,320 --> 00:04:50,120 Speaker 4: had a huge jump after the fact. So interesting to 95 00:04:50,120 --> 00:04:52,279 Speaker 4: be seeing American Eagle doing well again. I mean the 96 00:04:52,320 --> 00:04:54,160 Speaker 4: stock has actually done really well. I think it was 97 00:04:54,279 --> 00:04:57,359 Speaker 4: the top performer, and like our a top performer in 98 00:04:57,360 --> 00:05:01,039 Speaker 4: twenty twenty three, I think up on the year. 99 00:05:01,160 --> 00:05:02,559 Speaker 3: Yes, that was twenty five percent. 100 00:05:02,600 --> 00:05:04,280 Speaker 4: Year today twenty five percent, and. 101 00:05:04,240 --> 00:05:06,680 Speaker 1: From June Low's it's up one hundred and thirty three percent. 102 00:05:06,880 --> 00:05:09,240 Speaker 3: That's a run right now, forty to fifty percent off 103 00:05:09,240 --> 00:05:12,120 Speaker 3: big cybersale. Oh okay, So if you need some like 104 00:05:12,320 --> 00:05:14,760 Speaker 3: skinny jeans, Tim. 105 00:05:14,279 --> 00:05:15,800 Speaker 1: I thought those were out. I thought it was all 106 00:05:15,800 --> 00:05:16,960 Speaker 1: about those barrel. 107 00:05:16,680 --> 00:05:19,320 Speaker 4: Jeans, the wide leg Yeah, thank you. 108 00:05:19,560 --> 00:05:23,880 Speaker 3: I can't like, I still can't get my head around them. 109 00:05:23,920 --> 00:05:27,960 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 110 00:05:28,040 --> 00:05:30,600 Speaker 2: us throughout the day for the latest roundup of companies 111 00:05:30,680 --> 00:05:33,760 Speaker 2: making news on Wall Street, and for the latest market 112 00:05:33,800 --> 00:05:38,239 Speaker 2: moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube, 113 00:05:38,360 --> 00:05:41,880 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 114 00:05:41,920 --> 00:05:43,400 Speaker 2: the Bloomberg Business App.