Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Nora, you've got our stock movers. What are we looking at? Well,
Speaker 2: let's look at Amazon. This is stigre AMZN. We've been
Speaker 2: watching this stock very closely, one because it's a big name,
Speaker 2: but two because the stock is plunging for its worst
Speaker 2: day since August of twenty twenty four. This is after
Speaker 2: the company announced plans to spend as much as two
Speaker 2: hundred billion dollars this year on data centers, chips, and
Speaker 2: other equipment. We've really been seeing a lot of these
Speaker 2: tech companies being punished for this, but it seems like
Speaker 2: it's a bit mix. It depends on the name that
Speaker 2: you're talking about. I know that we did see Alphabet.
Speaker 2: It is some pressure for this. Clearly Amazon also seeing
Speaker 2: the same. We are seeing shares of the stock down
Speaker 2: about eleven percent so far this year.
Speaker 1: What else you got for us here for the stocks?
Speaker 1: How about Stalantis?
Speaker 2: Yes, oh my goodness, let's talk about some autos. Tick
Speaker 2: her Stla brutal day. We're seeing shares down about twenty
Speaker 2: two percent right now as we speak. Earlier plunging as
Speaker 2: much as twenty six percent, this stock is hitting and
Speaker 2: falling for its worst day ever, lowest level since twenty twenty.
Speaker 2: This is after the company said that it's taking more
Speaker 2: than twenty six billion dollars that's USD in charges mainly
Speaker 2: linked to reverse in the course of its EV strategy.
Speaker 2: I mean, we've really been seeing a lot of people
Speaker 2: putting this bet on evs and we haven't really been
Speaker 2: seeing it paying off for some of these companies. Delant
Speaker 2: this has obviously been one of those that's been struggling with.
Speaker 2: This stock is down thirty two percent just this year alone,
Speaker 2: so really seeing us struggling. But I mean, when you
Speaker 2: look at the numbers two, it is important to note
Speaker 2: the stock is just around seven dollars, so you do
Speaker 2: see these big moves when we think about a percentage basis,
Speaker 2: but also important to note the value of the actual
Speaker 2: stock as well. All Right, you're also including an ETF
Speaker 2: in your stocks to watch, and this is one that
Speaker 2: I've heard this sticker all week long, right, I mean
Speaker 2: it's Friday, so I feel like we kind of have
Speaker 2: to do a little bit of a recap on the week.
Speaker 2: I've been looking out this ETF that you mentioned. IGV
Speaker 2: is the taker there software stocks. I mean, it's been
Speaker 2: so much in play this week. We are seeing a
Speaker 2: rebound today for this taker earlier, rising as much as
Speaker 2: three point two percent for its best day since September,
Speaker 2: but it's still struggling. I mean, the ETF is on
Speaker 2: pace to end the week for its worst week since
Speaker 2: two thousand and eight, losing as much as twelve percent
Speaker 2: in value. So I mean, we have our colleague Bill Maloney.
Speaker 2: Of course, he is a chartered market technician and a
Speaker 2: strategist here who writes for Bloomberg, and he was just
Speaker 2: talking about the fact that it seems to have notched
Speaker 2: a short term bottom after falling just five percent that
Speaker 2: was yesterday. But it's interesting because we do see that
Speaker 2: it did have two straight days of record volume, with
Speaker 2: over forty million shares changing hands in each session.
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