WEBVTT -  Defense Stocks Jump, MongoDB Plunges

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

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

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

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<v Speaker 1>I'm Carol Masser along with Tim Stenevic. Let's get to

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<v Speaker 1>some stocks on the move. For that, we're joined by

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<v Speaker 1>Bloomberg News Equities reporter and deputy team leader for US

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<v Speaker 1>Equities Carmen Rhinikey. We're just going to steal one little

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<v Speaker 1>spotlight because we've been watching in Vidia in the aftermarket

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<v Speaker 1>stock just a hair lower, But we did have a

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<v Speaker 1>headline that we thought was kind of interesting for the

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<v Speaker 1>Bloomberg audience, and that is the US is mulling capping

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<v Speaker 1>Nvidia h two hundred sales and seventy five thousand per

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<v Speaker 1>Chinese buyer, and so I think that is a little

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<v Speaker 1>bit less than what this is what I guess Nvidia

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<v Speaker 1>can export to any one Chinese company capping.

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<v Speaker 3>At seventy five thousand per buyer.

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<v Speaker 2>They sell a lot of.

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<v Speaker 1>Chips, they do. Yeah, and this is the number of

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<v Speaker 1>AI accelerators at Nvidia can export to anyone Chinese company,

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<v Speaker 1>which would further constrain and Video's entry re entry into

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<v Speaker 1>what is a very important market for them, So keeping

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<v Speaker 1>it on that one, Yeah, we're keeping an eye on that,

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<v Speaker 1>But take it away. You've got some names that you've

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<v Speaker 1>been watching.

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<v Speaker 3>On in video as well. Though it's interesting to see

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<v Speaker 3>it really not that much lower because they've definitely had

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<v Speaker 3>trouble on the are their Chinese buyers side, So I'll

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<v Speaker 3>definitely be watching that as that continues. But what I'm

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<v Speaker 3>watching also in after hours is Mango dB. So this

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<v Speaker 3>is ticker MDB. Shares are down twenty four percent right now.

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<v Speaker 3>So this is a software name. It's already gotten pretty

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<v Speaker 3>beaten up this year in the broader software sell off.

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<v Speaker 3>But they had earnings tonight that included a full year

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<v Speaker 3>revenue forecast that was weaker than expected and an outlook

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<v Speaker 3>for adjusted first quarter earnings that also fell below what

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<v Speaker 3>Wall Street expected. So just yeah, not a great quarter

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<v Speaker 3>for Mango dB. And again just under this umbrella of

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<v Speaker 3>overall software weakness that is already really really affected.

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<v Speaker 1>Two already this year, so it's going to be quite

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<v Speaker 1>a haircut if that continues into tomorrow's trade.

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<v Speaker 3>We're next, Yeah, so let's go to defense stocks. The

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<v Speaker 3>first one I wanted to look at is Palenteering, So

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<v Speaker 3>this is actually how it moved today, So it ended

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<v Speaker 3>up the day five point eight percent higher. It's a

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<v Speaker 3>ticker PLTR. This was its best day in over a month,

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<v Speaker 3>and it's definitely getting some shine from investors over the

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<v Speaker 3>tensions in the Middle East. So obviously this is an

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<v Speaker 3>important defense stock. It's been very beaten up as well.

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<v Speaker 3>It's down still about thirty percent from its all time high.

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<v Speaker 3>The other thing that's interesting here is that like Wall

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<v Speaker 3>Street is kind of buying back in. So not only

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<v Speaker 3>is the average price target out of the highest that

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<v Speaker 3>we've seen, the number of buy ratings is actually the

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<v Speaker 3>highest that we've seen on Pollenteer. It's it's twenty right

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<v Speaker 3>now according to Bloomberg Data. So that was when I

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<v Speaker 3>specifically wanted to.

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<v Speaker 1>Point out forty percent of revenue comes from the US government. Yeah,

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<v Speaker 1>pretty interesting, it's a lot.

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<v Speaker 3>What else, Yeah, So sticking with the defence stocks and

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<v Speaker 3>wanted to look at North of Grimman, so this is NOC.

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<v Speaker 3>Shares were up six percent today. This closed out a

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<v Speaker 3>record high and it was the best performer on this

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<v Speaker 3>in P five hundred. Also getting a lift here because

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<v Speaker 3>of tensions in the Middle East. We've seen defense stocks

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<v Speaker 3>do really well over the last year, so just getting

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<v Speaker 3>another bump today. I mean this was also a long

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<v Speaker 3>you know, Lockheed Martin, RTX, you know, Kratos, Aero Vironment,

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<v Speaker 3>so a really broad you know, swaths of.

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<v Speaker 1>Stocks really been a sector on fire, no pun intended,

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<v Speaker 1>certainly last year, but it continues into twenty twenty six.

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