Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, 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: We're joined by Bloomberg's Isabel Lee. Isabelle, what are you
Speaker 3: looking at?
Speaker 1: Verizon? So shares are kind of flat, but Verizon reported
Speaker 1: a larger than expected decline in mobile phone subscribers. That's
Speaker 1: much more than analysts we're expecting. So this is the
Speaker 1: result of heavy competition and of course less spending by
Speaker 1: federal agencies as the Trump administration really moves to slash
Speaker 1: those jobs. And this is a big deal because Verizon
Speaker 1: is the largest US wireless provider. It's also a significant
Speaker 1: reversal from the previous quarter when they reported more than
Speaker 1: half a subscribe half a million subscribers added. So in general,
Speaker 1: we know that Verizon AT and T and T Mobile
Speaker 1: are really locked in this tight race. For example, last
Speaker 1: Christmas holiday, Verizon ended at seasonal promotions, but its rivals didn't.
Speaker 1: And also customers are keeping their phones longer, like I've
Speaker 1: owned my phone for years now.
Speaker 3: Oh yeah, Paul had like an iPhone yeah, ten, it
Speaker 3: wasn't that bad. It was like an ipon ten for
Speaker 3: very very long, long long time. Also, taking a look
Speaker 3: at three AM, I love this company because they make
Speaker 3: literally everything. Their big jam is this the adhesives, right,
Speaker 3: but you can put the adhesives on anything like posters
Speaker 3: to stuff you use in planes.
Speaker 1: What did they say? I do love three AM. Also
Speaker 1: my tape at home is three AM and it's also
Speaker 1: considered an economic bell weather because it's portfolio of really
Speaker 1: just a thousand of consumers and multiple industrial products give
Speaker 1: it a broad exposure to the economy. So for today,
Speaker 1: shares are edging higher nearly eight percent. We have a
Speaker 1: three AM standing by its full year guidance, but it
Speaker 1: did also acknowledge the risks of the unfolding trade war,
Speaker 1: so the company said tariffs will have a negative impact
Speaker 1: of as much as forty cents a share on full
Speaker 1: year earning. But still I think it's the outlook that
Speaker 1: really are boosting investors. So the company also this is important.
Speaker 1: The arrives around eleven percent of its sales in China,
Speaker 1: and we know that the Trumped administration has imposed blanket
Speaker 1: tarre of one hundred percent, so it's really interesting to
Speaker 1: see how that will play out, but I think it's
Speaker 1: the positive outlook that's boiling the stock.
Speaker 3: And a better tape too. They also decay that they're
Speaker 3: looking for some product shifts could be possible, or looking
Speaker 3: at customer surcharges as well. And we can't let you
Speaker 3: go on that talk in Tesla what to expect after
Speaker 3: the bell today?
Speaker 1: It's earning stay today and investors are really looking at
Speaker 1: this stock once again and looking to Elon Musks for
Speaker 1: any excitement that he may inject back in the company.
Speaker 1: We know that the one of the biggest notable Tesla
Speaker 1: bulls have called the Tesla stock a quode red moment,
Speaker 1: and it's really interesting because Tesla had allows you start
Speaker 1: to the year. As we all know, Elon Musk has
Speaker 1: really engaged himself in a lot of political entanglements and
Speaker 1: a lot of customers have been mad. And we have
Speaker 1: news just today that the treasuries of eight US states
Speaker 1: have written an open letter to Tesla's board of directors
Speaker 1: expressing concern about the direction of the company. But still
Speaker 1: the stock is edging higher. I feel like investors are
Speaker 1: hopeful for where the company we will go. Adjusted EPs
Speaker 1: is at forty four cents. That's the estimate of Bloomberg consensus,
Speaker 1: and EPs is thirty three sents, so we'll see it exciting.
Speaker 1: Whende Bell closes today.
Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us
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