WEBVTT - Alphabet Lifts, Nvidia Drops, Sinclair Potential Merger

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

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

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

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Tyeelan A good

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<v Speaker 3>morning to do it because a lot of stocks are

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<v Speaker 3>moving off the back of regulatory filings.

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<v Speaker 1>Val good morning, Hey, good morning, Nathan. You were seeing

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<v Speaker 1>shares of Google jump near five percent in pre market trade,

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<v Speaker 1>leading the gains of the mag seven and leading the

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<v Speaker 1>nastac Hire this morning on the back of thirteen F

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<v Speaker 1>filings that showed that Warren Buffett's Berkshire Hathaway built a

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<v Speaker 1>near five billion dollars steak in the company in the

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<v Speaker 1>third quarter. Now, Warren Buffett is talked at length about

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<v Speaker 1>missing some of these tech stocks, but it's funny that

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<v Speaker 1>he chose it now to buy in to Google in

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<v Speaker 1>the third quarter. Now, remember these are mostly backward looking,

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<v Speaker 1>but I guess investors are as maybe shocked as I am,

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<v Speaker 1>that Warren Buffett has made this move. So Google shares

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<v Speaker 1>reacting quite positively this morning. I should note, then the

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<v Speaker 1>thirteen F filings, they didn't show all good news when

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<v Speaker 1>it comes to big tech holdings. Warren Buffett trimmed as

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<v Speaker 1>holdings of Apple by fifteen percent, and we're seeing the

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<v Speaker 1>shares of Nvidia in the red on the back of

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<v Speaker 1>Peter Tiele's hedge fund selling off most of its holdings

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<v Speaker 1>of Nvidia in the third quarter, NVIDIAs in the red

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<v Speaker 1>down half of one percent, and this comes after recent

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<v Speaker 1>lines that SoftBank also sold off their six billion dollars

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<v Speaker 1>worth of holdings. Both of these funds opted to exit

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<v Speaker 1>their holdings of Nvidia amid concern about a rising AI

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<v Speaker 1>investment bubble. But I have to note Nathan that a

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<v Speaker 1>big analysis of the thirteen F filings showed it was

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<v Speaker 1>pretty equally split between the same number of hedge funds

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<v Speaker 1>increasing their stake of Nvidia to those that have been

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<v Speaker 1>decreasing their stake. So it just seems these big splashy

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<v Speaker 1>ones are the ones that have been exiting, but it

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<v Speaker 1>has been mostly balanced. And this all comes ahead and

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<v Speaker 1>video reporting Wednesday after the bell very likely to set

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<v Speaker 1>the tone for the AI trade in ta Yeah, it.

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<v Speaker 3>Kind of feels like in video week, doesn't it. Valiance,

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<v Speaker 3>we've got a little bit of maybe some merger Monday

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<v Speaker 3>news in the media space.

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<v Speaker 1>Yeah, this one's really interesting. So this also do with

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<v Speaker 1>local TV. We're seeing Sinclair news that also in the

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<v Speaker 1>back of regulatory filing should I say they're thirteen D filings,

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<v Speaker 1>has taken a eighteen sorry excuse me an eight percent

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<v Speaker 1>steak and eight percent stake in EW Scripts. So we're

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<v Speaker 1>seeing the shares of EW Scripts of seventeen percent Sinclair

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<v Speaker 1>in the green as well, up two percent after this news.

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<v Speaker 1>So the Wall Street Journal is reporting that these two

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<v Speaker 1>companies have also been discussing a potential merger and that

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<v Speaker 1>Sinclair has increased its stake in order to add pressure

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<v Speaker 1>on Scripts to agree to a sale. Now, those that

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<v Speaker 1>are not familiar with local TV networks, Sinclair is one

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<v Speaker 1>of the largest owners of local TV stations. EW Scripts

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<v Speaker 1>also owns a portfolio of local TV stations in over

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<v Speaker 1>forty markets. It's had some recent success us due to

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<v Speaker 1>its rights over WNBA games. Now, Sinclair's board in the

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<v Speaker 1>past did sign off on a plan to examine potential acquisitions,

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<v Speaker 1>so it does seem like it's lining up that EW

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<v Speaker 1>Script could be one of them. And this comes on

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<v Speaker 1>the back of a more favorable regulatory background, with Trump's

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<v Speaker 1>new administration pick to the FCC leaning towards allowing further

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<v Speaker 1>consolidations in the local TV space.

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<v Speaker 3>Okay, So, moving on from thirteen F and thirteen D filings,

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<v Speaker 3>we're seeing some big analysts downgrades on computer hardware companies.

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<v Speaker 1>Yeah, this is all down to Morgan Stanley. They have

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<v Speaker 1>downgraded a lot of the names in the hardware space.

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<v Speaker 1>One of them receiving a double downgrade was Dell. We're

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<v Speaker 1>seeing shares of Dell down nearly six percent in the

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<v Speaker 1>pre market trade. They also downgraded Hpe and HP, so

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<v Speaker 1>we're seeing shares of Hpe down two point eight percent

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<v Speaker 1>and shares of HP down one percent. This on the

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<v Speaker 1>back of a big call from them about a sluggish

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<v Speaker 1>demand for hardware in the near future, and they're also

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<v Speaker 1>citing a memory supercycle increasingly posing a risk to earnings.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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