1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,600 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:20,239 Speaker 2: Nora, you've got our stock movers. What are we looking at? Well, 5 00:00:20,320 --> 00:00:23,080 Speaker 2: let's look at Amazon. This is stigre AMZN. We've been 6 00:00:23,120 --> 00:00:25,759 Speaker 2: watching this stock very closely, one because it's a big name, 7 00:00:25,840 --> 00:00:28,560 Speaker 2: but two because the stock is plunging for its worst 8 00:00:28,600 --> 00:00:31,479 Speaker 2: day since August of twenty twenty four. This is after 9 00:00:31,520 --> 00:00:34,080 Speaker 2: the company announced plans to spend as much as two 10 00:00:34,200 --> 00:00:37,559 Speaker 2: hundred billion dollars this year on data centers, chips, and 11 00:00:37,600 --> 00:00:40,160 Speaker 2: other equipment. We've really been seeing a lot of these 12 00:00:40,200 --> 00:00:43,080 Speaker 2: tech companies being punished for this, but it seems like 13 00:00:43,120 --> 00:00:44,519 Speaker 2: it's a bit mix. It depends on the name that 14 00:00:44,520 --> 00:00:46,400 Speaker 2: you're talking about. I know that we did see Alphabet. 15 00:00:46,640 --> 00:00:49,560 Speaker 2: It is some pressure for this. Clearly Amazon also seeing 16 00:00:49,600 --> 00:00:52,160 Speaker 2: the same. We are seeing shares of the stock down 17 00:00:52,240 --> 00:00:54,840 Speaker 2: about eleven percent so far this year. 18 00:00:55,040 --> 00:00:56,840 Speaker 1: What else you got for us here for the stocks? 19 00:00:56,840 --> 00:00:57,760 Speaker 1: How about Stalantis? 20 00:00:57,840 --> 00:01:00,520 Speaker 2: Yes, oh my goodness, let's talk about some autos. Tick 21 00:01:00,560 --> 00:01:04,680 Speaker 2: her Stla brutal day. We're seeing shares down about twenty 22 00:01:04,720 --> 00:01:07,760 Speaker 2: two percent right now as we speak. Earlier plunging as 23 00:01:07,840 --> 00:01:10,160 Speaker 2: much as twenty six percent, this stock is hitting and 24 00:01:10,200 --> 00:01:13,200 Speaker 2: falling for its worst day ever, lowest level since twenty twenty. 25 00:01:13,240 --> 00:01:15,640 Speaker 2: This is after the company said that it's taking more 26 00:01:15,680 --> 00:01:19,440 Speaker 2: than twenty six billion dollars that's USD in charges mainly 27 00:01:19,480 --> 00:01:22,000 Speaker 2: linked to reverse in the course of its EV strategy. 28 00:01:22,000 --> 00:01:23,399 Speaker 2: I mean, we've really been seeing a lot of people 29 00:01:23,440 --> 00:01:26,560 Speaker 2: putting this bet on evs and we haven't really been 30 00:01:26,560 --> 00:01:28,800 Speaker 2: seeing it paying off for some of these companies. Delant 31 00:01:28,800 --> 00:01:31,280 Speaker 2: this has obviously been one of those that's been struggling with. 32 00:01:31,360 --> 00:01:35,040 Speaker 2: This stock is down thirty two percent just this year alone, 33 00:01:35,080 --> 00:01:37,640 Speaker 2: so really seeing us struggling. But I mean, when you 34 00:01:37,640 --> 00:01:39,720 Speaker 2: look at the numbers two, it is important to note 35 00:01:39,800 --> 00:01:42,240 Speaker 2: the stock is just around seven dollars, so you do 36 00:01:42,280 --> 00:01:44,400 Speaker 2: see these big moves when we think about a percentage basis, 37 00:01:44,400 --> 00:01:46,839 Speaker 2: but also important to note the value of the actual 38 00:01:46,840 --> 00:01:50,800 Speaker 2: stock as well. All Right, you're also including an ETF 39 00:01:50,960 --> 00:01:53,760 Speaker 2: in your stocks to watch, and this is one that 40 00:01:54,080 --> 00:01:56,120 Speaker 2: I've heard this sticker all week long, right, I mean 41 00:01:56,160 --> 00:01:57,560 Speaker 2: it's Friday, so I feel like we kind of have 42 00:01:57,600 --> 00:01:59,160 Speaker 2: to do a little bit of a recap on the week. 43 00:01:59,200 --> 00:02:02,560 Speaker 2: I've been looking out this ETF that you mentioned. IGV 44 00:02:02,680 --> 00:02:05,080 Speaker 2: is the taker there software stocks. I mean, it's been 45 00:02:05,160 --> 00:02:07,240 Speaker 2: so much in play this week. We are seeing a 46 00:02:07,280 --> 00:02:10,480 Speaker 2: rebound today for this taker earlier, rising as much as 47 00:02:10,480 --> 00:02:13,240 Speaker 2: three point two percent for its best day since September, 48 00:02:13,560 --> 00:02:16,440 Speaker 2: but it's still struggling. I mean, the ETF is on 49 00:02:16,520 --> 00:02:19,400 Speaker 2: pace to end the week for its worst week since 50 00:02:19,440 --> 00:02:21,920 Speaker 2: two thousand and eight, losing as much as twelve percent 51 00:02:22,320 --> 00:02:25,359 Speaker 2: in value. So I mean, we have our colleague Bill Maloney. 52 00:02:25,360 --> 00:02:27,959 Speaker 2: Of course, he is a chartered market technician and a 53 00:02:28,000 --> 00:02:30,200 Speaker 2: strategist here who writes for Bloomberg, and he was just 54 00:02:30,240 --> 00:02:32,480 Speaker 2: talking about the fact that it seems to have notched 55 00:02:32,480 --> 00:02:35,880 Speaker 2: a short term bottom after falling just five percent that 56 00:02:36,000 --> 00:02:38,840 Speaker 2: was yesterday. But it's interesting because we do see that 57 00:02:39,120 --> 00:02:41,120 Speaker 2: it did have two straight days of record volume, with 58 00:02:41,120 --> 00:02:44,320 Speaker 2: over forty million shares changing hands in each session. 59 00:02:45,320 --> 00:02:49,360 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 60 00:02:49,440 --> 00:02:52,040 Speaker 1: us throughout the day for the latest roundup of companies 61 00:02:52,080 --> 00:02:55,200 Speaker 1: making news on Wall Street and for the latest market 62 00:02:55,240 --> 00:02:59,720 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 63 00:03:00,000 --> 00:03:03,280 Speaker 1: Bomberg dot com, and on Applecarplay and Android Auto with 64 00:03:03,360 --> 00:03:09,480 Speaker 1: the Bloomberg Business app MHM.