1 00:00:02,520 --> 00:00:10,520 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the Stock Movers podcast. 2 00:00:12,080 --> 00:00:14,840 Speaker 1: This is your roundup of companies making news on Wall 3 00:00:14,840 --> 00:00:19,520 Speaker 1: Street and beyond. Harnessing the power of Bloomberg data, Let's 4 00:00:19,560 --> 00:00:21,319 Speaker 1: take a look at some stocks on the move today. 5 00:00:21,320 --> 00:00:23,799 Speaker 1: We're joined by Bloomberg's Critty group that starting with the 6 00:00:23,800 --> 00:00:27,080 Speaker 1: bouncing ball that is Tesla. Kathy, what had a lot 7 00:00:27,120 --> 00:00:29,319 Speaker 1: to say about the stock on Bloomberg yesterday? What do 8 00:00:29,400 --> 00:00:31,360 Speaker 1: you have to say about it this morning? Critty? Good morning, 9 00:00:31,720 --> 00:00:32,560 Speaker 1: Good morning, Nathan. 10 00:00:32,600 --> 00:00:35,560 Speaker 2: Wow, what a lead up into my thoughts on Tesla. 11 00:00:35,640 --> 00:00:38,600 Speaker 2: Tsla is your ticker hire by about nine tenths of 12 00:00:39,040 --> 00:00:42,360 Speaker 2: a share, nine cents of a percent. Excuse me this morning, Jady, 13 00:00:42,400 --> 00:00:44,200 Speaker 2: I just I have two hundred and eighty one dollars 14 00:00:44,200 --> 00:00:46,640 Speaker 2: a share. Now, a couple of things here. We should 15 00:00:46,680 --> 00:00:49,840 Speaker 2: talk about the fact that the entire auto sector globally 16 00:00:50,479 --> 00:00:54,040 Speaker 2: is higher today, but Tesla specifically missed some really key 17 00:00:54,080 --> 00:00:56,920 Speaker 2: delivery numbers when it comes to European sales, so we 18 00:00:57,000 --> 00:01:00,520 Speaker 2: expected Tesla to actually take a beating in the pre market, 19 00:01:00,640 --> 00:01:02,800 Speaker 2: and it's then the exact opposite. Nathan, Again, in line 20 00:01:02,800 --> 00:01:04,360 Speaker 2: with the fact that we're also dealing with things like 21 00:01:04,400 --> 00:01:08,080 Speaker 2: auto tariffs and pull back on the likes of EV funding, 22 00:01:08,120 --> 00:01:10,920 Speaker 2: for example, from the US government as well. Nevertheless, Tsla 23 00:01:11,280 --> 00:01:13,520 Speaker 2: hire by nine tens of one percent. Keep an eye 24 00:01:13,520 --> 00:01:15,480 Speaker 2: on the stock though, because it's been taking quite the 25 00:01:15,520 --> 00:01:17,920 Speaker 2: beating I think, down about forty percent year to date, 26 00:01:17,959 --> 00:01:19,440 Speaker 2: so you are seeing a little bit of a by 27 00:01:19,560 --> 00:01:22,839 Speaker 2: the dip mentality every time. Tesla shares dropp pretty significantly, 28 00:01:22,880 --> 00:01:25,560 Speaker 2: and it did in yesterday's session, so today may simply 29 00:01:25,600 --> 00:01:28,680 Speaker 2: be a little bit of pairing back of those losses. Again, 30 00:01:28,760 --> 00:01:32,280 Speaker 2: Tsla at TSLA trading at about two hundred and eighty 31 00:01:32,360 --> 00:01:34,920 Speaker 2: one dollars a share. Nathan, I'm going to talk about 32 00:01:34,959 --> 00:01:37,560 Speaker 2: kb Home here, which is a complete pivot from the Tesla. 33 00:01:37,760 --> 00:01:42,440 Speaker 2: KBH down by whopping eight percent, trading at about fifty 34 00:01:42,480 --> 00:01:45,199 Speaker 2: six dollars in change. This isn't a stock I often 35 00:01:45,240 --> 00:01:48,160 Speaker 2: look at in this report, but it's worth noticing given 36 00:01:48,160 --> 00:01:50,800 Speaker 2: that it's a home builder that reported some first quarter 37 00:01:50,840 --> 00:01:54,280 Speaker 2: earnings that missed analyst estimates. They're also talking about a 38 00:01:54,400 --> 00:01:59,040 Speaker 2: five point two percent annual revenue drop. They're saying it's 39 00:01:59,040 --> 00:02:02,200 Speaker 2: because a fewer in the quarter, and they do expect 40 00:02:02,640 --> 00:02:04,920 Speaker 2: your housing revenue of somewhere between six point six billion 41 00:02:05,160 --> 00:02:08,360 Speaker 2: to about seven billion. That is significantly lower than what 42 00:02:08,440 --> 00:02:10,680 Speaker 2: they expected before. So that's going to be something to 43 00:02:10,720 --> 00:02:12,560 Speaker 2: keep an eye on. The CEO saying that they're working 44 00:02:12,600 --> 00:02:15,560 Speaker 2: through affordability concerns. Really keep an eye on KB Home 45 00:02:15,560 --> 00:02:18,600 Speaker 2: because of course they're talking quite significantly about just the 46 00:02:18,639 --> 00:02:22,120 Speaker 2: state of the kind of American housing complex. So those 47 00:02:22,120 --> 00:02:25,679 Speaker 2: shares down about eight percent this morning. Let's talk a 48 00:02:25,720 --> 00:02:28,000 Speaker 2: little bit about I feel like this should have been 49 00:02:28,000 --> 00:02:30,639 Speaker 2: the natural transition from Teslat's talk about Hararvana here this morning, 50 00:02:30,760 --> 00:02:33,560 Speaker 2: which is also a stock I don't talk about very often, Nathan, 51 00:02:33,919 --> 00:02:37,600 Speaker 2: but this is getting quite the boost. Morgan Stanley's Adam Jonas, 52 00:02:37,639 --> 00:02:41,000 Speaker 2: who many of our listeners will recognize as the major 53 00:02:41,120 --> 00:02:43,600 Speaker 2: TESLA analyst to follow. He's the one who makes all 54 00:02:43,600 --> 00:02:46,880 Speaker 2: of those kind of trading calls there, actually upgraded Carvana 55 00:02:47,360 --> 00:02:50,040 Speaker 2: to and overweight from an equal weight. They're saying that 56 00:02:50,080 --> 00:02:53,160 Speaker 2: the pullback in shares creates an attractive entry point for 57 00:02:53,200 --> 00:02:56,200 Speaker 2: a leader in auto retail and fleet fulfillm if for 58 00:02:56,240 --> 00:02:58,040 Speaker 2: anyone that's been watching the Carvana story, this is a 59 00:02:58,080 --> 00:03:01,480 Speaker 2: stock that has really been struggling. But Adam Jonas seems 60 00:03:01,480 --> 00:03:03,320 Speaker 2: to be putting a stamp of approval, and it is 61 00:03:03,480 --> 00:03:06,320 Speaker 2: moving the shares quite significantly in the pre market. So 62 00:03:06,400 --> 00:03:08,160 Speaker 2: that's gonna be one to keep an eye on as well. 63 00:03:08,639 --> 00:03:11,360 Speaker 2: And I want to talk about Tesla or excuse me, DJT. 64 00:03:11,600 --> 00:03:13,360 Speaker 2: My I'm getting all my words mixed up here, Nathan. 65 00:03:13,360 --> 00:03:15,280 Speaker 2: You're gonna have to give me some patients or some 66 00:03:15,360 --> 00:03:17,880 Speaker 2: grace if you will. We'll talk about DJT. Trump Media 67 00:03:17,880 --> 00:03:21,320 Speaker 2: and Technology Group ticker is DJT shares jumping about ten 68 00:03:21,360 --> 00:03:25,040 Speaker 2: percent in the pre market off of some crypto related news. 69 00:03:25,040 --> 00:03:27,639 Speaker 2: It looks like they are signing a non binding agreement 70 00:03:28,040 --> 00:03:30,240 Speaker 2: to partner with Crypto dot com for a series of 71 00:03:30,280 --> 00:03:35,400 Speaker 2: ETFs through its Truth dot fibrand so those shares also 72 00:03:35,520 --> 00:03:39,720 Speaker 2: trading significantly higher. The ticker again is DJT for Trump 73 00:03:39,760 --> 00:03:41,840 Speaker 2: Media and Technology. Those shares hired by about nine percent, 74 00:03:42,080 --> 00:03:44,160 Speaker 2: trading at twenty two dollars and change. 75 00:03:44,240 --> 00:03:49,840 Speaker 1: Nathan the Stockmovers podcast from Bloomberg Radio. Check back with 76 00:03:49,920 --> 00:03:53,040 Speaker 1: us throughout today for the latest roundup of companies making 77 00:03:53,080 --> 00:03:56,680 Speaker 1: news on Wall Street and for the latest market moving headlines. 78 00:03:56,840 --> 00:04:00,080 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, you 79 00:04:00,240 --> 00:04:03,440 Speaker 1: Bloomberg dot Com, and on Applecarplay and Android Auto with 80 00:04:03,520 --> 00:04:10,320 Speaker 1: the Bloomberg Business app. Mm hmm