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 1: I'm Jim Staneveec along with Carol Masser. Let's take a
Speaker 1: look at some stocks on the move today. We're joined
Speaker 1: by Bloomberg Television Markets correspondent Norah Melinda Nora. A lot
Speaker 1: moving in the after hours.
Speaker 3: Hey, so much to keep an eye on. Of course,
Speaker 3: big tech has really been in focus. We're seeing a
Speaker 3: lot of those names like Meta, Microsoft, Amazon in the red.
Speaker 3: The only one really pointing in the green right now
Speaker 3: is shares of alphabet ticker Googl. Of course, really the
Speaker 3: focus here still tends to be on capital expenditures. A
Speaker 3: lot of people really seeing these companies still continuing to spend.
Speaker 3: Microsoft though capex was less than analyst anticipated, coming in
Speaker 3: at about thirty two roughly thirty two billion dollars, and
Speaker 3: we did have Meta lifting its spending guide for twenty
Speaker 3: twenty six to about one hundred and twenty five two
Speaker 3: one hundred and forty five billion dollars, them really citing
Speaker 3: center cost and higher component pricing. So you are seeing
Speaker 3: them getting a bit of a beating. Shares down about
Speaker 3: six and a half percent in the after hours trade.
Speaker 1: Yeah, I met also talking about facing higher component pricing
Speaker 1: this year, an additional data center costs, so that A
Speaker 1: certainly eats into things like margins.
Speaker 3: Can we go to Ford, Yeah, autos, Yeah, so ticker
Speaker 3: F We are seeing shares lower also in the after
Speaker 3: hours trade. The company did boost its full year profit guide.
Speaker 3: They're seeing strong demand for high margin pickups and SUVs,
Speaker 3: they're hoping and this will really help it overcome the
Speaker 3: unexpected surge that we're seeing in some of these commodities costs.
Speaker 3: But we did see that the company also burned through
Speaker 3: nearly two billion dollars in adjusted free cash flow as
Speaker 3: it spends on its thirty thousand dollars EV truck that's
Speaker 3: coming out next year. So investors early parsing that still.
Speaker 2: Kind of sounds like a barking.
Speaker 1: I'll take one, No, but I really take it.
Speaker 2: Some guacamole right now, tell me about it.
Speaker 3: The extra carol that would hit well, a lot of
Speaker 3: people apparently liking guacamole. They're also liking chicken, extra protein,
Speaker 3: really louring diners here at Chipotle Mexican grill Tick or CMG.
Speaker 3: We're seeing shares hire by about six percent in after
Speaker 3: hours training. The company keeping its guidance a flat for
Speaker 3: the full year in terms of its comparable sales, but
Speaker 3: we did see sales beating and so the stock is
Speaker 3: still down about eleven percent year today, but people clearly
Speaker 3: coming back to the company.
Speaker 2: The Stockmovers 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.
Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 2: dot com, and on Applecarplay and Android Auto with the
Speaker 2: Bloomberg Business app.