Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Master along with Tim Stenvik. Let's get to
Speaker 3: Bloomberg News Equities reporter and deputy team leader for US
Speaker 3: Equities Carmen Reinigy, with a look at some stocks on
Speaker 3: the move on this Tuesday. Let's start with Boeing.
Speaker 4: This was some map performance.
Speaker 3: Here in the S and P five hundred.
Speaker 4: Yeah, it was the I think top gainer today on
Speaker 4: the SMP. So it's Boeing ticker. BA shares are up
Speaker 4: ten percent today, it's best day since April ninth. The
Speaker 4: company's CFO said that it expects to generate cash again
Speaker 4: in twenty twenty six, which is a reversal from what's
Speaker 4: expected this year, which is a cash burn of about
Speaker 4: two billion dollars. So this just shows that sort of
Speaker 4: its longer turn turnaround is sort of gaining traction, doing
Speaker 4: a little bit better. This was also one of the
Speaker 4: first times I think this new CFO has been able
Speaker 4: to speak. He spoke today at an investor conference.
Speaker 3: Yeah. Pretty significant, right, because they have had. They've been
Speaker 3: burning through cash in a significant way. So to see
Speaker 3: this turnaround is pretty significant.
Speaker 1: Okay, now can we talk a little American bitcoin.
Speaker 3: You can do whatever you want, Tim Stanmer, this.
Speaker 1: Was a wild opening to the day. This company saw
Speaker 1: its trading halted.
Speaker 4: Yeah, it was crazy. So this is ticker ABTC shares
Speaker 4: plunged thirty nine percent, a lot of volatility, you know,
Speaker 4: halted all of that. So what happened is basically they
Speaker 4: freed up restriction restricted shares to be traded. So this
Speaker 4: is actually really common when we see stocks have a
Speaker 4: lock up period end all of a sudden, there's more liquidity.
Speaker 4: Some early into they.
Speaker 3: Drop almost forty percent.
Speaker 4: Well forty percent is a lot, but you know, early
Speaker 4: investors want to maybe take some of their profits. Just yeah,
Speaker 4: more liquidity hits the market, so that just more trading
Speaker 4: can happen. But this stock, it's been very eaten down.
Speaker 4: It's actually up about nine percent on the year, but
Speaker 4: if you zoom out, it's fallen considerably over the last
Speaker 4: few years.
Speaker 1: And it just and it had that spack merger right
Speaker 1: it was I don't remember if it was a Spack
Speaker 1: or I don't quote me on this, well.
Speaker 4: It merged with Griffin Digital Mind.
Speaker 1: Yeah, and it did that back in September, so you know,
Speaker 1: it was the stock was was sort of level until then.
Speaker 1: And that's really where you know American bitcoin when American
Speaker 1: Bitcoin was created.
Speaker 3: I mean, it is down seventy six percent since early September.
Speaker 1: All right, so we'll keep it eye on that one
Speaker 1: tomorrow and later in the week. Marvel Technology moving in
Speaker 1: the after hours.
Speaker 4: So let's look at Marvel ticker mrvl so. Shares are
Speaker 4: down about four four point two percent right now. So
Speaker 4: the company announced earnings that seemed pretty okay, actually looks
Speaker 4: like mostly in line with estimates. But what investors are
Speaker 4: reacting to is that it announced plans to acquire Celestial Ai,
Speaker 4: a startup, for three point two five billion. So you know,
Speaker 4: every every company is wanting to capture more space on AI.
Speaker 4: This is Marvel's bid to do that. So it looks
Speaker 4: like that's really what is dragging shares down. BI Bloomberk
Speaker 4: Intelligence said, you know, the two Q sales and the
Speaker 4: even the top line guidance for the third quarter is
Speaker 4: not enough to raise the near term optimism and there
Speaker 4: will be more questions surrounding Celestial AI and the purchase price.
Speaker 1: You know, I'm looking at Celestial ais website back in August,
Speaker 1: the most recent press release, it's about closing a C
Speaker 1: A final Series C one round to accelerate its next
Speaker 1: gen AI computing. They added strategic investors, then a venture
Speaker 1: tech alliance and Samsung Catalyst fund the latest investments bringing
Speaker 1: the companies total funding up to five hundred and twenty
Speaker 1: million dollars, so more than three billion dollar acquisition. Those
Speaker 1: venture capitalists having a nice payday.
Speaker 3: You know, what we're seeing right now is companies that
Speaker 3: can either make AI transactions chips more efficient, more productive,
Speaker 3: less energy usage. And I'm just looking at Celestial AI
Speaker 3: offers a technology called photo tonic fabric that connects components
Speaker 3: within AI infrastructure so that it relies on light to
Speaker 3: more efficiently move data, helping AI systems run more quickly.
Speaker 3: So I do feel like we're starting to see money
Speaker 3: move into this section. We're seeing movie I should say
Speaker 3: money moving into American Eagle in the Afterno, yeah.
Speaker 4: Let's like an American eagle. This is ticker. AEO shares
Speaker 4: are up about twelve percent right now. It just reported
Speaker 4: earnings with strong sales and a higher outlook for twenty
Speaker 4: twenty five, so they raised its outlook, pivoting from weakness
Speaker 4: earlier in the year. I think there was a little
Speaker 4: bit of a downturn. You know, they were retailers in
Speaker 4: general were hit by tariffs, and they also had you know,
Speaker 4: they got some sort of the Meme stock treatment with
Speaker 4: some of their ads. Then they had but then they
Speaker 4: had a huge jump after the fact. So interesting to
Speaker 4: be seeing American Eagle doing well again. I mean the
Speaker 4: stock has actually done really well. I think it was
Speaker 4: the top performer, and like our a top performer in
Speaker 4: twenty twenty three, I think up on the year.
Speaker 3: Yes, that was twenty five percent.
Speaker 4: Year today twenty five percent, and.
Speaker 1: From June Low's it's up one hundred and thirty three percent.
Speaker 3: That's a run right now, forty to fifty percent off
Speaker 3: big cybersale. Oh okay, So if you need some like
Speaker 3: skinny jeans, Tim.
Speaker 1: I thought those were out. I thought it was all
Speaker 1: about those barrel.
Speaker 4: Jeans, the wide leg Yeah, thank you.
Speaker 3: I can't like, I still can't get my head around them.
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