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 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Tytel. Starting with
Speaker 1: the most actively traded, the biggest gainer in the stock
Speaker 1: market this morning in the pre market trade Valerie, Why
Speaker 1: is Confluent getting such a bid this morning?
Speaker 2: Good morning, Well, because.
Speaker 3: It's a data infrastructure company and that's a hot, hot,
Speaker 3: hot sector at the moment. Confluent of nearly twenty percent
Speaker 3: in the pre market becoming a takeover target. This is
Speaker 3: a report from Reuters that someone has approached the company
Speaker 3: looking to acquire it now. Confluent provides technology needed to
Speaker 3: manage massive real time data streams for artificial intelligence models,
Speaker 3: so it does have some unique technology to it. The
Speaker 3: company has a market cap of around seven billion dollars
Speaker 3: and the stock did dive back in July after they
Speaker 3: lost a key customer and has been rumored to be
Speaker 3: a takeover target ever since. But it looks like we're
Speaker 3: nearing a deal, with the Confluent shares rising nearly twenty
Speaker 3: percent on the back of this report from Reiters and
Speaker 3: a store.
Speaker 1: Another stock that has your radar this morning helped me
Speaker 1: out with this one. Is it Iron Iron.
Speaker 3: This is another data center company used to be a
Speaker 3: bitcoin minor, now involved in the AI cloud space. I
Speaker 3: know that might sound familiar, but they have announced a
Speaker 3: convertible bond offering to finance some of its new cloud
Speaker 3: service contracts. So we're seeing the shares a fall in
Speaker 3: pre market trade, down four percent, as this is seen
Speaker 3: as mostly a dilutive fundraising for them. But it's just
Speaker 3: another sign, Nathan, that the next stage of the AI
Speaker 3: buildout is being financed by debt after Oracle's blockbuster bond
Speaker 3: offering a few weeks ago. We even had reporting that
Speaker 3: Xai is also looking at debt financing in its latest round.
Speaker 1: And it looks like we have a few more names
Speaker 1: that could be targets of the US government to take
Speaker 1: steaks and tell us more about these.
Speaker 3: Yeah, this is Rare Earth companies. They seem to be
Speaker 3: rising on really little speculation this morning, but we have
Speaker 3: USA Rare Earth Incorporated rising six percent, in Critical Minerals
Speaker 3: rising thirteen percent in pre market trade. Now this is
Speaker 3: even despite the White House saying yesterday it is not
Speaker 3: looking to take a steak in critical minerals, but both
Speaker 3: are seen as potential next steps for the Trump administration
Speaker 3: to expand its equity stakes in rare earth miners to
Speaker 3: combat China's dominance in the sector. And it comes just
Speaker 3: a day after the US announced they took a ten
Speaker 3: percent stake in Trilogy Metals, which is a miner that
Speaker 3: allowed the will allow the US government to gain access
Speaker 3: to mines in remote Alaska, and also comes after the
Speaker 3: US government took a steak in Lithium Americas to develop
Speaker 3: a lithium mine in Nevada. So it seems like their
Speaker 3: speculation rife that the next move could be one of
Speaker 3: these two rare earth companies.
Speaker 1: Okay, so to top side there On the downside, this morning,
Speaker 1: a couple luxury auto.
Speaker 3: Names BMW is the worst performing stock in Europe today.
Speaker 3: It is down over eight percent, sliding the most in
Speaker 3: a year.
Speaker 2: Now.
Speaker 3: This comes after BMW lowered its financial guidance on week
Speaker 3: sales in China and also cited tariff costs on their plate.
Speaker 3: Now it just underscores the difficulties that Germany's export reliance
Speaker 3: auto industry is facing at the moment very steep competition
Speaker 3: from China when it comes to bid and Shaom BMW
Speaker 3: also slashed its projection for free cash flow for the year,
Speaker 3: and the move puts the German automaker close to being
Speaker 3: in the red.
Speaker 2: Here today right this Stock Movers report from Bloomberg Radio.
Speaker 2: Check back with us throughout the day for the latest
Speaker 2: roundup of companies making news on Wall Street and for
Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live,
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