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 Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,920 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:19,760 Speaker 3: I'm Carol Masser along with Tim Stanevek and with us 5 00:00:20,000 --> 00:00:23,960 Speaker 3: Bloomberg News Equities reporter Alexandra Simonova. So let's talk about 6 00:00:24,000 --> 00:00:26,840 Speaker 3: some of those weekly moves. What's your number one stock here? 7 00:00:27,040 --> 00:00:28,920 Speaker 1: I'm going to have to go with Carvana. This is 8 00:00:28,960 --> 00:00:31,360 Speaker 1: a hot stock right now. This is a really good 9 00:00:31,400 --> 00:00:35,159 Speaker 1: turnaround story. We love an underdog. It is pretty much 10 00:00:35,159 --> 00:00:37,320 Speaker 1: on fire right now. Shares search to an all time 11 00:00:37,400 --> 00:00:40,280 Speaker 1: high this week after it reported revenue during the second 12 00:00:40,320 --> 00:00:43,840 Speaker 1: quarter that exceeded analyst estimates. It also posted a six 13 00:00:43,880 --> 00:00:47,479 Speaker 1: fold increase in net income and record quarterly sales. And 14 00:00:47,520 --> 00:00:51,320 Speaker 1: the interesting part, guys, this stock is up ten percent 15 00:00:51,400 --> 00:00:54,560 Speaker 1: from its low in twenty twenty two. It's notably delivering 16 00:00:54,640 --> 00:00:58,000 Speaker 1: a massive blow to kind of bearish arguments against the stock. 17 00:00:58,040 --> 00:01:01,560 Speaker 1: Famed short seller Jim Chinos publicly short at it earlier 18 00:01:01,560 --> 00:01:04,480 Speaker 1: this year. He said the profits are primarily coming from 19 00:01:04,520 --> 00:01:07,479 Speaker 1: the sale of its loans and not from actual used 20 00:01:07,560 --> 00:01:10,480 Speaker 1: car sales. Obviously, this earnings report is kind of negating 21 00:01:10,480 --> 00:01:13,480 Speaker 1: that argument. He also said it's overvalue, and yet it 22 00:01:13,560 --> 00:01:15,919 Speaker 1: is still going up. It's up ten percent this week 23 00:01:16,120 --> 00:01:18,280 Speaker 1: and about one hundred and sixty percent over the past 24 00:01:18,280 --> 00:01:22,360 Speaker 1: twelve months. And more broadly, short sellers took a really 25 00:01:22,360 --> 00:01:26,120 Speaker 1: big hit on it. They lost seven point four to 26 00:01:26,160 --> 00:01:29,319 Speaker 1: two billion since the end of twenty twenty two. This 27 00:01:29,360 --> 00:01:31,680 Speaker 1: is according to data from S three Partners, So a 28 00:01:31,680 --> 00:01:35,040 Speaker 1: lot of naysayers really disappointed by this incredible run. 29 00:01:35,200 --> 00:01:39,560 Speaker 4: Ticker CVNA shares up eighty one percent so far this year. 30 00:01:39,800 --> 00:01:41,640 Speaker 4: Microsoft also on the move this week. 31 00:01:41,720 --> 00:01:44,920 Speaker 1: Yeah, that is another company. It became the second company 32 00:01:44,959 --> 00:01:47,680 Speaker 1: in the world, alongside and Vidia, to hit a four 33 00:01:47,760 --> 00:01:50,880 Speaker 1: trillion dollar market cap earlier this week after its earnings results. 34 00:01:50,920 --> 00:01:54,080 Speaker 1: It didn't quite close there, but it's still close. It 35 00:01:54,440 --> 00:01:57,080 Speaker 1: basically confirms through its report that it is the leader 36 00:01:57,120 --> 00:02:01,200 Speaker 1: in artificial intelligence spending and the boom, and its results 37 00:02:01,240 --> 00:02:04,280 Speaker 1: also showing that it's finally paying off those efforts. 38 00:02:04,440 --> 00:02:05,800 Speaker 3: All right, and then we've got to go of Chris 39 00:02:05,840 --> 00:02:10,519 Speaker 3: ticker MSFT for Microsoft fig because. 40 00:02:10,280 --> 00:02:11,959 Speaker 4: Does it count as a week when it only started 41 00:02:11,960 --> 00:02:12,840 Speaker 4: trading on Thursday. 42 00:02:13,040 --> 00:02:15,880 Speaker 1: Well, given the moves, it might as well say week 43 00:02:16,560 --> 00:02:18,760 Speaker 1: it had a volatile second trading. Day to day, it 44 00:02:18,840 --> 00:02:22,080 Speaker 1: rose as much as three hundred and thirty three percent 45 00:02:22,160 --> 00:02:25,160 Speaker 1: above its initial public offering price before pairing some of 46 00:02:25,160 --> 00:02:27,760 Speaker 1: those gains and two hundred and fifty percent after its 47 00:02:27,760 --> 00:02:31,639 Speaker 1: public debut. Really incredible. Some of its shareholders raised one 48 00:02:31,639 --> 00:02:35,040 Speaker 1: point two billion dollars in the IPO. And what's notable 49 00:02:35,040 --> 00:02:37,440 Speaker 1: too is it is far above the twenty billion dollar 50 00:02:37,520 --> 00:02:41,200 Speaker 1: market would have reached in the now scrapped merger with Adobe. 51 00:02:41,240 --> 00:02:44,600 Speaker 1: It is used to design web and mobile application services. 52 00:02:44,600 --> 00:02:46,679 Speaker 1: This was a big victory for the company, a big 53 00:02:46,760 --> 00:02:47,680 Speaker 1: victory for IPOs. 54 00:02:47,960 --> 00:02:51,040 Speaker 3: Yeah, absolutely right, Like we saw some IPF flow this week. 55 00:02:51,080 --> 00:02:54,560 Speaker 3: I'm just going to mention Generak Holdings ticker is GNRC. 56 00:02:54,880 --> 00:02:56,560 Speaker 3: It is a number one gainer in the S and 57 00:02:56,560 --> 00:02:59,200 Speaker 3: P five hundred this week, up about twenty three percent. 58 00:02:59,560 --> 00:03:01,519 Speaker 3: Bit of a shameless plug, but we're gonna be talking 59 00:03:01,520 --> 00:03:03,800 Speaker 3: to the CEO on Monday, so I kind of wanted 60 00:03:03,800 --> 00:03:06,680 Speaker 3: to mention that. And we've just seen some app performance 61 00:03:06,680 --> 00:03:09,040 Speaker 3: so and they, of course, it reported earnings this past week. 62 00:03:09,280 --> 00:03:11,400 Speaker 4: I'm going to miss that interview. You are, You're going 63 00:03:11,480 --> 00:03:13,680 Speaker 4: to be sad. I'm excited to hear and listen to it. 64 00:03:13,680 --> 00:03:15,440 Speaker 3: He's gonna be heading out on vacation for a week. 65 00:03:15,600 --> 00:03:16,959 Speaker 1: Very nice. We're going anywhere fun. 66 00:03:17,639 --> 00:03:21,200 Speaker 4: Yeah, but you know yeah yeah, top secret. Yeah, don't want, 67 00:03:21,240 --> 00:03:21,920 Speaker 4: I don't want, you know. 68 00:03:22,080 --> 00:03:27,560 Speaker 3: He's kind of a carnival kind of guy. Yeah, clowns, roller, crost, splash. 69 00:03:27,200 --> 00:03:28,880 Speaker 4: Pol I'm actually the Carnie. 70 00:03:30,520 --> 00:03:33,480 Speaker 3: So many places we could go. Alex, thank you so much. 71 00:03:33,520 --> 00:03:35,600 Speaker 1: Have a great, great week at Blomberg News. 72 00:03:35,680 --> 00:03:37,720 Speaker 3: Equities reporter Alexandra Semenova. 73 00:03:39,120 --> 00:03:43,160 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 74 00:03:43,240 --> 00:03:45,800 Speaker 2: us throughout the day for the latest roundup of companies 75 00:03:45,880 --> 00:03:48,960 Speaker 2: making news on Wall Street and for the latest market 76 00:03:49,000 --> 00:03:53,480 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 77 00:03:53,560 --> 00:03:57,080 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 78 00:03:57,160 --> 00:03:58,640 Speaker 2: the Bloomberg Business app.