WEBVTT - Pfizer Forecasts Flat 2026 Sales; Ford's EV Pivot Will Be Profit Positive; Roku Jumps

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a.

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<v Speaker 3>Look at some stocks on the move today. I'm Nathan Hager,

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<v Speaker 3>joined by Bloomberg's Valerie Titel in a morning where we're

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<v Speaker 3>seeing some earnings revisions from Peiser. Valerie walk us through them.

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<v Speaker 3>What are you seeing?

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<v Speaker 1>Pars are reacting negatively to this update. They're down seven

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<v Speaker 1>tenths of a percent in pre market trade. This comes

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<v Speaker 1>ahead of an investor call that Peiser is holding, so

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<v Speaker 1>they are updating where they see their guidance for next

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<v Speaker 1>year twenty twenty six revenue guidance. They've lowered that range

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<v Speaker 1>and now the midpoint of that range is below Wall

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<v Speaker 1>Street consensus estimates for that year. So they see twenty

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<v Speaker 1>twenty six revenue from fifty nine and a half billion

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<v Speaker 1>to sixty two and a half billion. Estimate was for

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<v Speaker 1>sixty one point three billion. Now, Pfizer is also made

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<v Speaker 1>some comments after that that maybe a bit more welcome

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<v Speaker 1>by the market. They're talking about how they're going to

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<v Speaker 1>deliver some cost savings a bit more ahead of schedule,

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<v Speaker 1>wanting to deliver a majority of their cost savings that

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<v Speaker 1>they've pledged now by twenty twenty six. But Pfizer has

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<v Speaker 1>been under a lot of attention recently. They've been, I guess,

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<v Speaker 1>struggling to manage the decline after its COVID nineteen product

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<v Speaker 1>revenue helped the stock hit a peak back in the

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<v Speaker 1>COVID era. They have recently acquired some new assets in

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<v Speaker 1>the obesity space. I think that's one avenue of excitement

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<v Speaker 1>for investors. But the stock is trading flat on the year,

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<v Speaker 1>and we're in the red in the pre market, down

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<v Speaker 1>one percent.

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<v Speaker 3>And of course we got those revisions from Ford Motor

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<v Speaker 3>Company when it comes to the hit they're going to

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<v Speaker 3>take from the EV struggles.

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<v Speaker 1>Yeah, and investors reacting positively to this strategy change. So

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<v Speaker 1>Ford shares are higher by one point six percent. Comes

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<v Speaker 1>after they announced a near twenty billion charge related to

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<v Speaker 1>a sweeping unwind of its electric vehicle program, essentially acknowledge

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<v Speaker 1>it was going down to dead end with these large

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<v Speaker 1>format evs. They're now pivoting towards more hybrid vehicles. A

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<v Speaker 1>big example of this is its decision to cancel its

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<v Speaker 1>planned electric F series trucks and convert those instead to

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<v Speaker 1>an extended rade hybrid. Now, Florida expects these moves to

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<v Speaker 1>make its EV operations profitable by twenty twenty nine, and

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<v Speaker 1>it also boosted its twenty twenty five guidance off the

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<v Speaker 1>back of that. So Ford the stock is reacting possibly

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<v Speaker 1>to this twenty billion charge on this EV program unlined.

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<v Speaker 3>Now we have some stocks moving as well on some

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<v Speaker 3>new analyst moves. Tell us what's going on with Roku.

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<v Speaker 1>Well, Roku's got a lot of attention recently from the street.

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<v Speaker 1>The share is higher by four point three percent this morning.

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<v Speaker 1>The streaming platform another upgrade, this time from Morgan Stanley.

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<v Speaker 1>Previously Morgan Stanley was concerned about competition in the streaming

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<v Speaker 1>platform space, but now they're citing its market share. Essentially,

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<v Speaker 1>it's dominant stratity, it's dominant position within US streaming, giving

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<v Speaker 1>it a better outlook for its advertising revenue for the

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<v Speaker 1>year ahead. So Roku more positive commentary and the stock

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<v Speaker 1>is up over four percent.

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<v Speaker 3>Meanwhile, I guess maybe some negative commentary when it comes

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<v Speaker 3>to European defense giant Ryan Mattal.

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<v Speaker 1>Yeah, well, Ryan Mattal, the whole European defense sector today

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<v Speaker 1>is in the red. Rye Mattal is down four point

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<v Speaker 1>six percent, one of the biggest losers in the eurostock

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<v Speaker 1>six hundred and comes after more positive comments from peace

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<v Speaker 1>from ending the Russian Ukraine War. Now the German defense

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<v Speaker 1>company Ryan Mattal. It has been on a back foot

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<v Speaker 1>since these highs that it's all back in September. It's

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<v Speaker 1>down around twenty five percent since the end of September. However,

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<v Speaker 1>many of these defense stocks are still up triple digits

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<v Speaker 1>year to date. Many of them are in the top

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<v Speaker 1>ten best forming stocks in twenty twenty five, So maybe

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<v Speaker 1>a bit of painful trade for a consensus position that

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<v Speaker 1>is widely held among investors. These long European defense stocks continue.

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<v Speaker 1>That trade continues to trade in the red.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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