Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 2: Let's take a.
Speaker 3: Look at some stocks on the move today. I'm Nathan Hager,
Speaker 3: joined by Bloomberg's Valerie Titel in a morning where we're
Speaker 3: seeing some earnings revisions from Peiser. Valerie walk us through them.
Speaker 3: What are you seeing?
Speaker 1: Pars are reacting negatively to this update. They're down seven
Speaker 1: tenths of a percent in pre market trade. This comes
Speaker 1: ahead of an investor call that Peiser is holding, so
Speaker 1: they are updating where they see their guidance for next
Speaker 1: year twenty twenty six revenue guidance. They've lowered that range
Speaker 1: and now the midpoint of that range is below Wall
Speaker 1: Street consensus estimates for that year. So they see twenty
Speaker 1: twenty six revenue from fifty nine and a half billion
Speaker 1: to sixty two and a half billion. Estimate was for
Speaker 1: sixty one point three billion. Now, Pfizer is also made
Speaker 1: some comments after that that maybe a bit more welcome
Speaker 1: by the market. They're talking about how they're going to
Speaker 1: deliver some cost savings a bit more ahead of schedule,
Speaker 1: wanting to deliver a majority of their cost savings that
Speaker 1: they've pledged now by twenty twenty six. But Pfizer has
Speaker 1: been under a lot of attention recently. They've been, I guess,
Speaker 1: struggling to manage the decline after its COVID nineteen product
Speaker 1: revenue helped the stock hit a peak back in the
Speaker 1: COVID era. They have recently acquired some new assets in
Speaker 1: the obesity space. I think that's one avenue of excitement
Speaker 1: for investors. But the stock is trading flat on the year,
Speaker 1: and we're in the red in the pre market, down
Speaker 1: one percent.
Speaker 3: And of course we got those revisions from Ford Motor
Speaker 3: Company when it comes to the hit they're going to
Speaker 3: take from the EV struggles.
Speaker 1: Yeah, and investors reacting positively to this strategy change. So
Speaker 1: Ford shares are higher by one point six percent. Comes
Speaker 1: after they announced a near twenty billion charge related to
Speaker 1: a sweeping unwind of its electric vehicle program, essentially acknowledge
Speaker 1: it was going down to dead end with these large
Speaker 1: format evs. They're now pivoting towards more hybrid vehicles. A
Speaker 1: big example of this is its decision to cancel its
Speaker 1: planned electric F series trucks and convert those instead to
Speaker 1: an extended rade hybrid. Now, Florida expects these moves to
Speaker 1: make its EV operations profitable by twenty twenty nine, and
Speaker 1: it also boosted its twenty twenty five guidance off the
Speaker 1: back of that. So Ford the stock is reacting possibly
Speaker 1: to this twenty billion charge on this EV program unlined.
Speaker 3: Now we have some stocks moving as well on some
Speaker 3: new analyst moves. Tell us what's going on with Roku.
Speaker 1: Well, Roku's got a lot of attention recently from the street.
Speaker 1: The share is higher by four point three percent this morning.
Speaker 1: The streaming platform another upgrade, this time from Morgan Stanley.
Speaker 1: Previously Morgan Stanley was concerned about competition in the streaming
Speaker 1: platform space, but now they're citing its market share. Essentially,
Speaker 1: it's dominant stratity, it's dominant position within US streaming, giving
Speaker 1: it a better outlook for its advertising revenue for the
Speaker 1: year ahead. So Roku more positive commentary and the stock
Speaker 1: is up over four percent.
Speaker 3: Meanwhile, I guess maybe some negative commentary when it comes
Speaker 3: to European defense giant Ryan Mattal.
Speaker 1: Yeah, well, Ryan Mattal, the whole European defense sector today
Speaker 1: is in the red. Rye Mattal is down four point
Speaker 1: six percent, one of the biggest losers in the eurostock
Speaker 1: six hundred and comes after more positive comments from peace
Speaker 1: from ending the Russian Ukraine War. Now the German defense
Speaker 1: company Ryan Mattal. It has been on a back foot
Speaker 1: since these highs that it's all back in September. It's
Speaker 1: down around twenty five percent since the end of September. However,
Speaker 1: many of these defense stocks are still up triple digits
Speaker 1: year to date. Many of them are in the top
Speaker 1: ten best forming stocks in twenty twenty five, So maybe
Speaker 1: a bit of painful trade for a consensus position that
Speaker 1: is widely held among investors. These long European defense stocks continue.
Speaker 1: That trade continues to trade in the red.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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