Speaker 1: Bloomberg Audio Studios, podcasts, radio news. This Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some stocks on the move today. I'm Tom Keen
Speaker 1: with Paul Sweeney and Bloomberg's Alexis.
Speaker 2: It's a podcast and it may be a quiet day
Speaker 2: on the market. So we've got a lot of stock
Speaker 2: movers today. So let's get to Concentrics. This ticker symbolist
Speaker 2: cn XC. It is a call center company and it
Speaker 2: is taking it on the chin this morning, down twenty
Speaker 2: five percent, missed second quarter earnings expectations, issued poor guidance,
Speaker 2: and really the sector in general's taking a hit because
Speaker 2: it's got his French peer Teleperformance down about thirteen percent.
Speaker 2: In Europe, concerns around AI on customer service outsourcing companies,
Speaker 2: a lot of their clients are realizing, wait a minute,
Speaker 2: we don't really need your services. We can bring this
Speaker 2: in house Physici.
Speaker 1: Concentrics, I don't know, Fremont four hundred and fifty five
Speaker 1: thousand people. Wow wow. And in certain geographies like the Philippines,
Speaker 1: this is a huge deal.
Speaker 2: Yeah, I don't know. Much about AI, but it just
Speaker 2: seems to me like AI, this call center business could
Speaker 2: be disrupted by a well. An RBC analyst in Europe,
Speaker 2: in a note to clients said the results are concerning
Speaker 2: because quote, they feed fears that outsourcing customer services is
Speaker 2: a fast withering industry, ouch and concentric by the way,
Speaker 2: down about forty percent so far this year. Let's move
Speaker 2: on to digital realty and that is also down today
Speaker 2: about four and a half percent. Blackstone's going to sell
Speaker 2: its stakes in a trio of data centers across Northern
Speaker 2: Virginia to Digital Realty for three and a half billion dollars.
Speaker 2: This is part of a partnership Blackstone and Deal Digital
Speaker 2: Realty are working together on data center investments located not
Speaker 2: just in Northern Virginia, but also in Paris and Frankfurt.
Speaker 2: Believe it or not, Morthern Virginia apparently is just a
Speaker 2: big data center destination at the moment. But digital realty selling,
Speaker 2: do I want to be the buyer? Yeah, exactly, which
Speaker 2: I think is why digital realty is coming under some
Speaker 2: pressure here today. But so far this year it's up
Speaker 2: twenty three percent. Let's get to a winner. I want
Speaker 2: to talk about a winner aero Vironment. Aero Vironment ticker
Speaker 2: symbol AVAV stock is up twenty seven percent here in
Speaker 2: the pre market. It's a defense company reported fourth quarter
Speaker 2: results that beat estimates. Forecast for revenue this year or
Speaker 2: for twenty twenty seven at the midpoint, also exceeding estimates.
Speaker 2: Analyst notes strength and its drone business. We're hearing more
Speaker 2: and more about the drone business, how it's infiltrating other areas,
Speaker 2: and so other defense and drone related companies moving higher
Speaker 2: on this arrow vironment news Companies like Unusual Machines and
Speaker 2: Vichet Precision are higher. I mean Foreign affairs as an
Speaker 2: article on drons, and I'm trying to read everything I
Speaker 2: can on it.
Speaker 1: And all you got to do is look at the
Speaker 1: news and look at like, you know, we're focused on the.
Speaker 2: Mid East, Ukraine in Russia. When you look at the stories,
Speaker 2: it's OMG, this is all brand new. Yeah, but you
Speaker 2: know what, Please don't fly your drones near airports. Can
Speaker 2: we not do that?
Speaker 1: We have two.
Speaker 2: Incidents here are our airports recently with this it's dangerous stuff.
Speaker 2: Time for one more really quick, please, Microsoft. It is
Speaker 2: a basically unchanged but not unchanged for first the year
Speaker 2: so far, heading for its worst month in twenty six years.
Speaker 2: I don't know how this happened, but it's due to
Speaker 2: concerns that the company is not going to fare well
Speaker 2: in a world marked by artificial intelligence. I guess Wall
Speaker 2: Street wants to hear more from Microsoft and its plans
Speaker 2: for how it's going to survive or you know, you know,
Speaker 2: be in the race for AI. Stock is down eighteen
Speaker 2: and a half percent this month. It is a race
Speaker 2: more than six hundred billion in market value. Lots of
Speaker 2: analysts though out there, say it is valued at the
Speaker 2: cheapest we've seen in about a decade. For Microsoft.
Speaker 1: This stock mover's report from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
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