1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,880 --> 00:00:19,000 Speaker 3: Well, let's take a look at some stocks on the 5 00:00:19,079 --> 00:00:22,400 Speaker 3: move today. I'm Bailey Lipschutz and we're joined by Managing 6 00:00:22,480 --> 00:00:27,000 Speaker 3: editor for Bloomberg Markets Live Blog, Christine Aquino. Christine, what's 7 00:00:27,080 --> 00:00:27,680 Speaker 3: top of mind? 8 00:00:27,840 --> 00:00:30,520 Speaker 1: Well, let's talk about Ecostar, shall we. That's probably one 9 00:00:30,560 --> 00:00:33,000 Speaker 1: of the biggest piece of news today. Big an Ema 10 00:00:33,120 --> 00:00:38,479 Speaker 1: space so EchoStar Chicker SATs and those shows are more 11 00:00:38,520 --> 00:00:41,280 Speaker 1: than seventeen percent, so pairing a little bit of the 12 00:00:41,360 --> 00:00:44,440 Speaker 1: best of its performance today but still pretty good. And 13 00:00:44,520 --> 00:00:47,800 Speaker 1: that is because Elon Musk SpaceX agreed to require the 14 00:00:47,880 --> 00:00:53,080 Speaker 1: wireless wireless spectrum licenses from EchoStar for about seventeen billion dollars. 15 00:00:53,080 --> 00:00:56,160 Speaker 1: So that's going to give them the licenses designated for 16 00:00:56,240 --> 00:00:59,080 Speaker 1: satellite and mobile communications. So this is according to a 17 00:00:59,080 --> 00:01:02,520 Speaker 1: company's statement, but it is actually or was actually reported 18 00:01:02,560 --> 00:01:06,559 Speaker 1: by Bloomberg earlier. So the good thing about this deal, 19 00:01:06,640 --> 00:01:10,360 Speaker 1: at least from Ecostar's perspective, is that it should keep 20 00:01:10,480 --> 00:01:13,080 Speaker 1: the FCC off their backs because the regulator has accused 21 00:01:13,120 --> 00:01:16,120 Speaker 1: the company of not effectively using the spectrum that it 22 00:01:16,160 --> 00:01:18,399 Speaker 1: was warded and was actually threatening to strip some of 23 00:01:18,400 --> 00:01:21,759 Speaker 1: its valuable licenses. So Bloomer Intelligence weighing in on a deal, 24 00:01:21,800 --> 00:01:25,480 Speaker 1: saying that it may materially reshape the company's credit profile 25 00:01:25,560 --> 00:01:29,199 Speaker 1: because it enables significant debt reduction from its twenty seven 26 00:01:29,240 --> 00:01:32,040 Speaker 1: billion dollar loads. So that's quite a hefty load that 27 00:01:32,160 --> 00:01:33,280 Speaker 1: is now being held by this deal. 28 00:01:33,480 --> 00:01:35,520 Speaker 3: Yeah, big move though. This is a stock that is 29 00:01:35,560 --> 00:01:38,000 Speaker 3: up almost two hundred and fifty percent this year. But 30 00:01:38,040 --> 00:01:41,080 Speaker 3: another stock that's rallying pretty hard today and this year, Robinhood. 31 00:01:41,080 --> 00:01:46,720 Speaker 1: What's going on absolutely Robinhood. Well they're getting really good 32 00:01:46,760 --> 00:01:49,880 Speaker 1: traction today, so extending those gains now up nearly fifteen 33 00:01:49,880 --> 00:01:53,800 Speaker 1: percent on the day, So Robinhood ticker hood really getting 34 00:01:53,800 --> 00:01:57,160 Speaker 1: a boost today because of the news on Friday after 35 00:01:57,200 --> 00:01:59,720 Speaker 1: the close saying that they haven't added to the S 36 00:01:59,760 --> 00:02:02,640 Speaker 1: and P five hundred index. So, you know, looking back 37 00:02:02,760 --> 00:02:05,760 Speaker 1: five years ago, right, Robinhood was just this platform that 38 00:02:05,800 --> 00:02:09,639 Speaker 1: mostly retail traders used, gave so much popularity, especially when 39 00:02:09,680 --> 00:02:12,560 Speaker 1: people were sitting at home or during the pandemic and 40 00:02:12,560 --> 00:02:14,720 Speaker 1: trying to figure out what to do. With their stimulus checks. 41 00:02:14,760 --> 00:02:17,679 Speaker 1: So fast forward five years later, now they're part of 42 00:02:17,720 --> 00:02:20,079 Speaker 1: the S and P five hundred. And what's crucial about 43 00:02:20,080 --> 00:02:23,560 Speaker 1: this is that that inclusion allows them to enter the 44 00:02:23,600 --> 00:02:27,840 Speaker 1: portfolios of index funds, pension plants, retirement accounts, a completely 45 00:02:27,880 --> 00:02:31,160 Speaker 1: different investor base from the retail traders that are used 46 00:02:31,160 --> 00:02:32,119 Speaker 1: to using a platform. 47 00:02:32,240 --> 00:02:34,360 Speaker 3: This is a stock that ipo'd at thirty eight bucks 48 00:02:34,400 --> 00:02:37,000 Speaker 3: right now north of one point fifteen brings us on 49 00:02:37,040 --> 00:02:38,639 Speaker 3: home app love it app. 50 00:02:38,440 --> 00:02:41,640 Speaker 1: Love in so that is another stock that is getting 51 00:02:41,680 --> 00:02:44,200 Speaker 1: the SP five hundred inclusion boost. So app Love and 52 00:02:44,240 --> 00:02:47,720 Speaker 1: ticker app those shares of more than eleven percent at 53 00:02:47,720 --> 00:02:50,280 Speaker 1: the moment, so you know it's a mobile app marketing 54 00:02:50,320 --> 00:02:54,000 Speaker 1: company and was also included in SMP five hundred. And 55 00:02:54,120 --> 00:02:56,200 Speaker 1: you know, this is just the latest piece of good 56 00:02:56,240 --> 00:02:58,600 Speaker 1: news for the company. Last month, we did see it 57 00:02:58,600 --> 00:03:02,639 Speaker 1: our second quarter results beating estimates. Bloomberg Intelligence also noting 58 00:03:02,800 --> 00:03:05,560 Speaker 1: that for third quarter sales guidance implies ten to twelve 59 00:03:05,560 --> 00:03:09,240 Speaker 1: percent growth, which beats the consensus for eight percent growth. 60 00:03:09,400 --> 00:03:11,720 Speaker 1: And some of the features that they launch, including a 61 00:03:11,800 --> 00:03:16,560 Speaker 1: self service AD dashboard and aipowered user acquisition tool, is 62 00:03:16,600 --> 00:03:19,320 Speaker 1: really preceding according to plan so latest bit of good 63 00:03:19,360 --> 00:03:20,320 Speaker 1: news for Apple Love and there. 64 00:03:20,440 --> 00:03:23,640 Speaker 3: Apple Love and ad an all time high. 65 00:03:24,040 --> 00:03:28,040 Speaker 2: The stock moover's report from Bloomberg Radio. Check back with 66 00:03:28,160 --> 00:03:30,720 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:30,800 --> 00:03:33,880 Speaker 2: making news on Wall Street and for the latest market 68 00:03:33,919 --> 00:03:38,400 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:03:38,480 --> 00:03:41,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:03:42,040 --> 00:03:43,520 Speaker 2: the Bloomberg Business app.