1 00:00:02,520 --> 00:00:08,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,280 --> 00:00:18,919 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,960 --> 00:00:21,840 Speaker 3: the move today, and we're joined by Bloomberg's Billy Lipschaltz. Billy, 6 00:00:21,840 --> 00:00:22,400 Speaker 3: what are you looking at? 7 00:00:22,560 --> 00:00:24,560 Speaker 1: We'll start with some stocks in the green, starting with 8 00:00:24,720 --> 00:00:29,280 Speaker 1: Schwab Charles Schwab ticker schw right now up two percent. 9 00:00:29,360 --> 00:00:32,960 Speaker 1: This comes after the company beat expectations in their latest 10 00:00:33,000 --> 00:00:35,839 Speaker 1: quarterly update. The big thing though, is the stands kind 11 00:00:35,840 --> 00:00:40,400 Speaker 1: of opposite of what we heard from Interactive Brokers just yesterday. 12 00:00:40,440 --> 00:00:42,280 Speaker 1: So we are seeing a company that right now is 13 00:00:42,479 --> 00:00:44,720 Speaker 1: called to and change percent wise was up as much 14 00:00:44,760 --> 00:00:47,440 Speaker 1: as four and a half percent now, revenue better than expected, 15 00:00:47,520 --> 00:00:50,839 Speaker 1: driving beats across most lines according to some of the 16 00:00:50,880 --> 00:00:54,480 Speaker 1: analysts looking through the notes, but overall another strong quarter. 17 00:00:54,560 --> 00:00:56,800 Speaker 1: But the big question going forward is what does the 18 00:00:56,840 --> 00:01:00,320 Speaker 1: market turmoil mean for some of these customers. Looking at 19 00:01:00,360 --> 00:01:02,920 Speaker 1: some of the comments that the CEO is making, basically 20 00:01:02,960 --> 00:01:06,360 Speaker 1: saying net new assets for a mayor trade clients growing, 21 00:01:06,440 --> 00:01:09,640 Speaker 1: tracking towards that brand of twenty twenty five ur end scenarios, 22 00:01:09,680 --> 00:01:13,080 Speaker 1: So expecting strong revenue and earnings expansion, two things that 23 00:01:13,720 --> 00:01:15,000 Speaker 1: investors and analysts want to hear. 24 00:01:15,360 --> 00:01:17,840 Speaker 3: I mean, we talked to the SCHWAP people. Funds are 25 00:01:17,880 --> 00:01:20,200 Speaker 3: still flowing in. There are retail clients that they've been 26 00:01:20,240 --> 00:01:21,560 Speaker 3: buyers over the last several weeks. 27 00:01:21,680 --> 00:01:23,720 Speaker 1: Jav Morgan put out a note saying, I think north 28 00:01:23,720 --> 00:01:26,400 Speaker 1: of twenty two billion dollars in total inflows and buying 29 00:01:26,440 --> 00:01:30,280 Speaker 1: power since Liberation Day. So investors, retail and the like 30 00:01:30,319 --> 00:01:33,000 Speaker 1: are more than happy to buy wall streets with the 31 00:01:33,040 --> 00:01:34,959 Speaker 1: long term view. I mean, SCHWAB has a lot of 32 00:01:34,959 --> 00:01:38,640 Speaker 1: those like index ETFs that people just dollar cost average 33 00:01:38,640 --> 00:01:40,600 Speaker 1: in even throughout the market downturns. 34 00:01:40,680 --> 00:01:43,160 Speaker 3: Yeah, it's about Eric Boutchunis and Bloomberg Intelligence, who covers 35 00:01:43,160 --> 00:01:46,280 Speaker 3: the ETFs. She's been talking about. The flows keep coming 36 00:01:46,280 --> 00:01:47,880 Speaker 3: in and they come into the you know, the big 37 00:01:48,000 --> 00:01:50,000 Speaker 3: S and P index. You know. So it's just amazing 38 00:01:50,040 --> 00:01:52,640 Speaker 3: how the retail investor is resilient here. 39 00:01:52,960 --> 00:01:53,600 Speaker 2: What else you got? 40 00:01:53,760 --> 00:01:56,279 Speaker 1: Yeah, looking at d R Horton in the home builder 41 00:01:56,320 --> 00:01:59,640 Speaker 1: space right now, up two point seven percent trades under 42 00:01:59,640 --> 00:02:04,240 Speaker 1: the ticker DHI. Results not that great revenue forecast missing expectations, 43 00:02:04,640 --> 00:02:07,040 Speaker 1: tough market for home builders. Obviously you're dealing with the 44 00:02:07,040 --> 00:02:09,799 Speaker 1: impact of tariffs and the uncertainty around that, given they 45 00:02:09,840 --> 00:02:11,840 Speaker 1: source a good chunk of their lumber. I think about 46 00:02:11,840 --> 00:02:16,079 Speaker 1: twenty percent through Canada. Obviously we're dealing with a market 47 00:02:16,280 --> 00:02:19,000 Speaker 1: environment that interest rates are higher. That's going to keep 48 00:02:19,000 --> 00:02:22,520 Speaker 1: people on the sidelines from buying new and used homes. 49 00:02:22,919 --> 00:02:26,000 Speaker 1: But looking broadly speaking, maybe better than feared. Investors wanting 50 00:02:26,040 --> 00:02:27,919 Speaker 1: to buy the dip, but not a huge move. We're 51 00:02:27,919 --> 00:02:30,440 Speaker 1: talking about a stock that's still down about fourteen percent 52 00:02:30,560 --> 00:02:33,280 Speaker 1: year to date, so could be shortcovering, could be investors 53 00:02:33,480 --> 00:02:36,280 Speaker 1: maybe betting that the bottom is in. But obviously we 54 00:02:36,320 --> 00:02:38,840 Speaker 1: are very much in an uncertain environment and if you're 55 00:02:38,840 --> 00:02:42,359 Speaker 1: a homebuilder, not really great if we do tip into 56 00:02:42,360 --> 00:02:46,680 Speaker 1: a recession exactly. All right, Google, this is the news 57 00:02:46,800 --> 00:02:48,880 Speaker 1: that I think anyone cares about or is at least 58 00:02:48,919 --> 00:02:51,960 Speaker 1: interested in. Google shares right now down just south of 59 00:02:52,040 --> 00:02:56,200 Speaker 1: two percent, this coming after a judge ruled that the 60 00:02:56,240 --> 00:03:01,400 Speaker 1: company was guilty of illegally monopolizing online advertising technology markets 61 00:03:01,400 --> 00:03:05,120 Speaker 1: for advertising exchanges and ad servers, second major blow for 62 00:03:05,320 --> 00:03:08,560 Speaker 1: the tech giant that was already found two have monopolized 63 00:03:08,600 --> 00:03:11,720 Speaker 1: the online search market in a separate case. Not a 64 00:03:12,160 --> 00:03:14,640 Speaker 1: big move all things considered given the gyrations we've been 65 00:03:14,680 --> 00:03:16,639 Speaker 1: seeing for some of the big tech names, but a 66 00:03:16,720 --> 00:03:19,200 Speaker 1: reason to potentially sell out of the stock. We did 67 00:03:19,200 --> 00:03:21,640 Speaker 1: see trade Desk, which trades under the TICK or TTD 68 00:03:21,720 --> 00:03:24,160 Speaker 1: pop like eight percent. Now it's up closer to one percent, 69 00:03:24,280 --> 00:03:27,720 Speaker 1: So investors trying to kind of read through the ramifications 70 00:03:27,760 --> 00:03:31,760 Speaker 1: of this decision. Again partially losing, not a complete loss 71 00:03:31,800 --> 00:03:34,280 Speaker 1: for the company, but certainly an area that I think 72 00:03:34,320 --> 00:03:36,520 Speaker 1: people are keeping an eye on, especially with some of 73 00:03:36,520 --> 00:03:39,480 Speaker 1: the antitrust regulation and uncertainty, a lot of pushback from 74 00:03:39,520 --> 00:03:43,040 Speaker 1: broader regulators and kind of big tech falling in their 75 00:03:43,080 --> 00:03:43,600 Speaker 1: cross Here. 76 00:03:44,400 --> 00:03:48,560 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 77 00:03:48,640 --> 00:03:51,400 Speaker 2: us throughout the day for the latest roundup of companies 78 00:03:51,440 --> 00:03:54,480 Speaker 2: making news on Wall Street and for the latest market 79 00:03:54,520 --> 00:03:58,840 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 80 00:03:58,920 --> 00:04:01,680 Speaker 2: Bloomberg dot com, and on Apple car Play and Android 81 00:04:01,720 --> 00:04:03,680 Speaker 2: Atto with the Bloomberg Business app 82 00:04:08,600 --> 00:04:08,920 Speaker 1: MHM