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 Tyeelan A good
Speaker 3: morning to do it because a lot of stocks are
Speaker 3: moving off the back of regulatory filings.
Speaker 1: Val good morning, Hey, good morning, Nathan. You were seeing
Speaker 1: shares of Google jump near five percent in pre market trade,
Speaker 1: leading the gains of the mag seven and leading the
Speaker 1: nastac Hire this morning on the back of thirteen F
Speaker 1: filings that showed that Warren Buffett's Berkshire Hathaway built a
Speaker 1: near five billion dollars steak in the company in the
Speaker 1: third quarter. Now, Warren Buffett is talked at length about
Speaker 1: missing some of these tech stocks, but it's funny that
Speaker 1: he chose it now to buy in to Google in
Speaker 1: the third quarter. Now, remember these are mostly backward looking,
Speaker 1: but I guess investors are as maybe shocked as I am,
Speaker 1: that Warren Buffett has made this move. So Google shares
Speaker 1: reacting quite positively this morning. I should note, then the
Speaker 1: thirteen F filings, they didn't show all good news when
Speaker 1: it comes to big tech holdings. Warren Buffett trimmed as
Speaker 1: holdings of Apple by fifteen percent, and we're seeing the
Speaker 1: shares of Nvidia in the red on the back of
Speaker 1: Peter Tiele's hedge fund selling off most of its holdings
Speaker 1: of Nvidia in the third quarter, NVIDIAs in the red
Speaker 1: down half of one percent, and this comes after recent
Speaker 1: lines that SoftBank also sold off their six billion dollars
Speaker 1: worth of holdings. Both of these funds opted to exit
Speaker 1: their holdings of Nvidia amid concern about a rising AI
Speaker 1: investment bubble. But I have to note Nathan that a
Speaker 1: big analysis of the thirteen F filings showed it was
Speaker 1: pretty equally split between the same number of hedge funds
Speaker 1: increasing their stake of Nvidia to those that have been
Speaker 1: decreasing their stake. So it just seems these big splashy
Speaker 1: ones are the ones that have been exiting, but it
Speaker 1: has been mostly balanced. And this all comes ahead and
Speaker 1: video reporting Wednesday after the bell very likely to set
Speaker 1: the tone for the AI trade in ta Yeah, it.
Speaker 3: Kind of feels like in video week, doesn't it. Valiance,
Speaker 3: we've got a little bit of maybe some merger Monday
Speaker 3: news in the media space.
Speaker 1: Yeah, this one's really interesting. So this also do with
Speaker 1: local TV. We're seeing Sinclair news that also in the
Speaker 1: back of regulatory filing should I say they're thirteen D filings,
Speaker 1: has taken a eighteen sorry excuse me an eight percent
Speaker 1: steak and eight percent stake in EW Scripts. So we're
Speaker 1: seeing the shares of EW Scripts of seventeen percent Sinclair
Speaker 1: in the green as well, up two percent after this news.
Speaker 1: So the Wall Street Journal is reporting that these two
Speaker 1: companies have also been discussing a potential merger and that
Speaker 1: Sinclair has increased its stake in order to add pressure
Speaker 1: on Scripts to agree to a sale. Now, those that
Speaker 1: are not familiar with local TV networks, Sinclair is one
Speaker 1: of the largest owners of local TV stations. EW Scripts
Speaker 1: also owns a portfolio of local TV stations in over
Speaker 1: forty markets. It's had some recent success us due to
Speaker 1: its rights over WNBA games. Now, Sinclair's board in the
Speaker 1: past did sign off on a plan to examine potential acquisitions,
Speaker 1: so it does seem like it's lining up that EW
Speaker 1: Script could be one of them. And this comes on
Speaker 1: the back of a more favorable regulatory background, with Trump's
Speaker 1: new administration pick to the FCC leaning towards allowing further
Speaker 1: consolidations in the local TV space.
Speaker 3: Okay, So, moving on from thirteen F and thirteen D filings,
Speaker 3: we're seeing some big analysts downgrades on computer hardware companies.
Speaker 1: Yeah, this is all down to Morgan Stanley. They have
Speaker 1: downgraded a lot of the names in the hardware space.
Speaker 1: One of them receiving a double downgrade was Dell. We're
Speaker 1: seeing shares of Dell down nearly six percent in the
Speaker 1: pre market trade. They also downgraded Hpe and HP, so
Speaker 1: we're seeing shares of Hpe down two point eight percent
Speaker 1: and shares of HP down one percent. This on the
Speaker 1: back of a big call from them about a sluggish
Speaker 1: demand for hardware in the near future, and they're also
Speaker 1: citing a memory supercycle increasingly posing a risk to earnings.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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