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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. With a
Speaker 3: lot going on in individual stocks this morning. Valerie starting
Speaker 3: off with Nvidia, big moves from President Trump and apparently
Speaker 3: some big mosts from China as well.
Speaker 1: Good morning, Yeah, exactly a lot in the fine details
Speaker 1: with this Nvidia announcement, but in Video shares are in
Speaker 1: the green. They're up six tens of one percent, and
Speaker 1: that comes after Trump has given approval for them to
Speaker 1: sell a chip called the H two hundred used in
Speaker 1: AI inprints into China in exchange for a twenty five
Speaker 1: percent surcharge, and Video shares originally had risen as much
Speaker 1: as two point nine percent in after hours trade. Now
Speaker 1: that decision allows Video to potentially regain some business in China.
Speaker 1: But the keyword there is potentially, because we've also heard
Speaker 1: from the FT reporting that Chinese regulators are discussing ways
Speaker 1: to limit permits in access to this chip. That's despite
Speaker 1: Trump's export approval, so again another sign that China is
Speaker 1: really pushing for self sufficiency in chip production. Similar move
Speaker 1: happened back when the Trump administration lifted the export ban
Speaker 1: of the H twenty chip from the Nvidia. Beijing also
Speaker 1: moved to limit access to it. So a bit of
Speaker 1: back and forth for Nvidia. But we're just slightly in
Speaker 1: the green for the share of half of one percent.
Speaker 3: I guess there's probably going to be a lots more
Speaker 3: back and forth when it comes to the entertainment companies
Speaker 3: that are at.
Speaker 2: War with each other.
Speaker 3: For Warner Brothers Discovery.
Speaker 2: Yeah, that's right.
Speaker 1: Paramount out with that hostile bid, and yesterday's session. The
Speaker 1: key thing really in the pre market move is that
Speaker 1: Paramount shares are continuing to trade higher. They leaped by
Speaker 1: nine percent in yesterday's session. They're up another three and
Speaker 1: a quarter now. A lot of speculation and why Paramount
Speaker 1: is trading so strongly off the back of this, because
Speaker 1: normally someone who does make an acquiring bid like this,
Speaker 1: shares normally trade in the red off the back of it.
Speaker 1: But I think there's a lot of attention on the
Speaker 1: fact that those who are pledging equity in this deal
Speaker 1: that being a lot of those Middle East funds, you know,
Speaker 1: the Saudi Arabia PIF Qatar is also involved. They've agreed
Speaker 1: to forego governance rights or board seats, which essentially is
Speaker 1: giving a lot of cash in Paramount's hands with not
Speaker 1: a lot of strings attached. That's positive for the shareholders.
Speaker 1: So perhaps that's why we're seeing the outperformance again today
Speaker 1: for Paramount amid this Hostel takeover bid for Warner Brothers.
Speaker 3: We've also had some familiar names out this morning with
Speaker 3: new guidance for investors. What stands out there?
Speaker 1: Yeah, so some companies are hosting investor days today, one
Speaker 1: of them being CVS. That one is a positive share
Speaker 1: move up over three percent. They issued an annual forecast,
Speaker 1: it seemed to become better than the market expected. They
Speaker 1: also announced some new technology products and services offerings as well.
Speaker 1: The other one is Home Depot a bit of a
Speaker 1: different story here. Ahead of their investor day, they gave
Speaker 1: a cautious preliminary forecast for next year, citing the challenging
Speaker 1: US housing market. So they're seeing shares of home Depot
Speaker 1: down one point four percent. However, Home Depot did detail
Speaker 1: that they are ready for a potential rebound in the
Speaker 1: housing market. They did detail a market recovery scenario where
Speaker 1: they see four to five percent sales growth in that scenario.
Speaker 1: There is another home builder that is citing weakness in
Speaker 1: the housing market. I want to bring to your attention.
Speaker 1: That's Toll Brothers down over four percent. They are citing
Speaker 1: softness in many markets for the luxury home builder. This
Speaker 1: is out with their results out last night, and they
Speaker 1: gave a week forecast for deliveries in twenty twenty six,
Speaker 1: which is surprising, Nathan, because Toll Brothers, being the home
Speaker 1: builder at the top price point of the market, was
Speaker 1: thought to be a bit more resilient to the housing slowdown.
Speaker 1: But that's proving not to be necessarily the cases, weren't it.
Speaker 2: This stock mover's reaps from Bloomberg Radio. Check back with
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