1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios podcasts, radio News. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,120 --> 00:00:20,640 Speaker 3: I'm Carol Master along with Tim Stenovik. So let's get 5 00:00:20,640 --> 00:00:22,799 Speaker 3: to some stocks on the move today with us as 6 00:00:22,800 --> 00:00:24,880 Speaker 3: Bloomberg News Equities supporter Noura Melinda. 7 00:00:25,040 --> 00:00:26,920 Speaker 4: All Right, Norah stock number. 8 00:00:26,640 --> 00:00:29,480 Speaker 5: One, plethord to choose from today, But I'm looking at 9 00:00:29,520 --> 00:00:30,720 Speaker 5: shares of d R Horton. 10 00:00:30,800 --> 00:00:32,040 Speaker 4: Let's take her Dhi. 11 00:00:32,440 --> 00:00:34,560 Speaker 5: This is one of the stocks that I actually cover, 12 00:00:35,000 --> 00:00:36,600 Speaker 5: is a home builder, and it's one of the bell 13 00:00:36,840 --> 00:00:38,000 Speaker 5: weathers in the industry. 14 00:00:38,240 --> 00:00:39,760 Speaker 4: We're seeing shares up. 15 00:00:39,840 --> 00:00:42,879 Speaker 5: This afternoon, and this is after it reported orders that 16 00:00:42,960 --> 00:00:47,400 Speaker 5: topped expectations and a third quarter EPs B and so 17 00:00:47,479 --> 00:00:49,040 Speaker 5: this is really good, especially if you think about the 18 00:00:49,040 --> 00:00:50,200 Speaker 5: sluggish housing market. 19 00:00:50,240 --> 00:00:51,520 Speaker 4: This is great news for the sector. 20 00:00:51,560 --> 00:00:54,560 Speaker 5: So we're seeing a widespread rally coming off of this, 21 00:00:54,680 --> 00:00:56,440 Speaker 5: as we're seeing a lot of these other companies like 22 00:00:56,480 --> 00:01:00,280 Speaker 5: Polti Group, which also reported earnings rising and sympathy here. 23 00:01:01,560 --> 00:01:03,319 Speaker 1: Well, it's all good news, though, I mean is it? 24 00:01:03,520 --> 00:01:04,520 Speaker 1: Because if we. 25 00:01:04,480 --> 00:01:05,759 Speaker 4: I know, right, what is the good news? 26 00:01:06,200 --> 00:01:10,240 Speaker 1: We what we heard from the President earlier today about 27 00:01:11,319 --> 00:01:14,080 Speaker 1: interest rates and about people not being able to afford homes. 28 00:01:14,080 --> 00:01:17,240 Speaker 1: As a result of that, rates are still high, their 29 00:01:17,360 --> 00:01:20,119 Speaker 1: concerns about construction costs. So I guess the expectations were 30 00:01:20,160 --> 00:01:20,600 Speaker 1: not high. 31 00:01:20,760 --> 00:01:22,720 Speaker 5: I mean, there's definitely a lot of overhangs right now 32 00:01:22,720 --> 00:01:25,039 Speaker 5: when you think about the broader real estate industry, but 33 00:01:25,080 --> 00:01:27,839 Speaker 5: particularly residential real estate. And we know that Dr Horton 34 00:01:27,880 --> 00:01:30,640 Speaker 5: actually targets some of the entry level buyers and the 35 00:01:30,680 --> 00:01:32,600 Speaker 5: move up buyers. And it's interesting because if you think 36 00:01:32,640 --> 00:01:34,680 Speaker 5: about the average you know, millennial or people who are 37 00:01:35,000 --> 00:01:36,759 Speaker 5: looking to get a new home, I don't really hear 38 00:01:36,800 --> 00:01:40,240 Speaker 5: that many people saying that they're closing. So it's interesting 39 00:01:40,240 --> 00:01:41,960 Speaker 5: that we are getting these results. But we do have 40 00:01:42,040 --> 00:01:45,360 Speaker 5: Zeman the analysts there. They're pointing out that while this 41 00:01:45,560 --> 00:01:48,080 Speaker 5: was a solid report here, we did see that management 42 00:01:48,080 --> 00:01:50,560 Speaker 5: tweaked the midpoint of its twenty twenty five revenue and 43 00:01:50,640 --> 00:01:53,480 Speaker 5: closing guidance that's a little bit slightly lower. So we 44 00:01:53,520 --> 00:01:55,480 Speaker 5: do have analysts that are really still trying to see 45 00:01:55,760 --> 00:01:57,760 Speaker 5: if they are still offering these incentives because the used 46 00:01:57,760 --> 00:01:59,120 Speaker 5: to do a lot of these buydowns where they would 47 00:01:59,120 --> 00:02:01,160 Speaker 5: buy down the rates to cheaper, and you know, I 48 00:02:01,200 --> 00:02:03,160 Speaker 5: throw on a dishwasher throwing some fun things. 49 00:02:03,560 --> 00:02:04,480 Speaker 4: We did five. 50 00:02:04,360 --> 00:02:07,200 Speaker 3: Points right, Oh god, I have a yeah she was 51 00:02:07,200 --> 00:02:09,919 Speaker 3: so she was aggresive, really smart. But I should put 52 00:02:09,960 --> 00:02:12,000 Speaker 3: out that home building stocks as a whole, they're up 53 00:02:12,040 --> 00:02:15,000 Speaker 3: about ten percent. So investors taking note. Quite a day 54 00:02:15,440 --> 00:02:18,520 Speaker 3: that you had Darrel, Horton and Paulty. Right, but come 55 00:02:18,520 --> 00:02:21,160 Speaker 3: out with some news that has caught the attention of investors. 56 00:02:21,200 --> 00:02:22,919 Speaker 3: All right, let's go to stock number two. Where do 57 00:02:22,919 --> 00:02:23,440 Speaker 3: you want to take us? 58 00:02:23,560 --> 00:02:24,880 Speaker 4: Let's go to Lockheed Martin. 59 00:02:25,080 --> 00:02:27,000 Speaker 5: This is the other industry that I cover, aerospace and 60 00:02:27,000 --> 00:02:27,680 Speaker 5: defense company. 61 00:02:27,760 --> 00:02:29,280 Speaker 4: So we're seeing take our LMT. 62 00:02:29,520 --> 00:02:31,320 Speaker 5: That's the worst performing stock in the S and P 63 00:02:31,440 --> 00:02:33,840 Speaker 5: five hundred today, really seeing a decline. 64 00:02:33,960 --> 00:02:36,000 Speaker 4: It was earlier down as much as ten percent. 65 00:02:36,080 --> 00:02:39,399 Speaker 5: That's the biggest drop since October of twenty twenty one. 66 00:02:39,560 --> 00:02:41,480 Speaker 5: And we're seeing a stock that's out about fourteen percent 67 00:02:41,560 --> 00:02:43,560 Speaker 5: so far this year. But what people are really taking 68 00:02:43,560 --> 00:02:45,560 Speaker 5: away from these earnings today is the fact that it 69 00:02:45,600 --> 00:02:49,200 Speaker 5: had a one point six billion dollar amount in charges 70 00:02:49,240 --> 00:02:51,720 Speaker 5: and a possible tax hit, and that's what's really set 71 00:02:51,720 --> 00:02:54,080 Speaker 5: the stock tumbling. But we do see a lot of 72 00:02:54,080 --> 00:02:55,960 Speaker 5: the things that have really been a headwind for the 73 00:02:56,000 --> 00:02:58,760 Speaker 5: stock is the fact of the critic criticism that has 74 00:02:58,800 --> 00:03:01,519 Speaker 5: really been receiving or arding its F thirty five jets, 75 00:03:01,560 --> 00:03:04,600 Speaker 5: so lots of cost overruns and delays that has really 76 00:03:04,600 --> 00:03:05,919 Speaker 5: been riddling the company here. 77 00:03:06,200 --> 00:03:08,760 Speaker 1: They also didn't get the F forty seven that was 78 00:03:08,840 --> 00:03:11,520 Speaker 1: the new plane that was announced back in March. I 79 00:03:11,560 --> 00:03:13,640 Speaker 1: believe that ended up going to Boeing instead. 80 00:03:13,760 --> 00:03:14,640 Speaker 4: No, absolutely so. 81 00:03:14,680 --> 00:03:16,200 Speaker 5: I mean there's a lot of things that people have 82 00:03:16,280 --> 00:03:18,200 Speaker 5: really been parsing as it pertained to this company. 83 00:03:18,280 --> 00:03:19,960 Speaker 4: And it seems as though Wall Street's quite. 84 00:03:19,760 --> 00:03:22,919 Speaker 5: Critical today, but not super surprising because I think people 85 00:03:23,200 --> 00:03:25,720 Speaker 5: had expectations that were kind of low coming into aerospace 86 00:03:25,720 --> 00:03:28,560 Speaker 5: and defense earnings. We do see northwk Grumman as a 87 00:03:28,600 --> 00:03:31,760 Speaker 5: gainer right now, but overwhelmingly you are seeing a bit 88 00:03:31,840 --> 00:03:32,640 Speaker 5: of people. 89 00:03:32,480 --> 00:03:34,160 Speaker 4: Sour right now when it comes to aerospace. 90 00:03:34,160 --> 00:03:38,280 Speaker 6: Exists sense potentially four point six billion dollars in additional 91 00:03:38,360 --> 00:03:41,160 Speaker 6: taxes owed after an accounting change, and apparently I guess 92 00:03:41,200 --> 00:03:45,560 Speaker 6: they're talking with the SEC about this or contesting. 93 00:03:45,080 --> 00:03:47,320 Speaker 3: The matter with the Eternal Revenue Service, But I mean. 94 00:03:48,480 --> 00:03:52,520 Speaker 4: That would be massive, absolutely massive. We're looking at the 95 00:03:52,600 --> 00:03:53,680 Speaker 4: st off it's one time. 96 00:03:53,800 --> 00:03:55,320 Speaker 5: But yeah, yeah, yeah, I mean I think that these 97 00:03:55,360 --> 00:03:57,920 Speaker 5: are so really interesting things that it seems like people 98 00:03:57,920 --> 00:03:59,600 Speaker 5: are really pointing a finger poking here. 99 00:03:59,520 --> 00:04:01,560 Speaker 3: All right, poke at KSS. 100 00:04:01,640 --> 00:04:03,400 Speaker 4: That was a good one, thank you. Yes. 101 00:04:03,520 --> 00:04:05,680 Speaker 5: So we're looking at shares of Coals, and this is 102 00:04:05,720 --> 00:04:08,880 Speaker 5: interesting because we've really been seeing this meme stock rally returning. 103 00:04:08,920 --> 00:04:11,560 Speaker 5: Another company that I cover is open Door Technologies. That's 104 00:04:11,560 --> 00:04:15,320 Speaker 5: take her open and we're just seeing a wide base 105 00:04:15,560 --> 00:04:17,880 Speaker 5: rally right now between Coals and open Door. 106 00:04:18,160 --> 00:04:19,320 Speaker 4: But let's look at Coles here. 107 00:04:19,360 --> 00:04:22,320 Speaker 5: We're actually seeing this, of course because of social media chatter, 108 00:04:22,400 --> 00:04:24,800 Speaker 5: as is typical when we think about these memestocks. Here, 109 00:04:25,040 --> 00:04:28,320 Speaker 5: we're seeing shares that doubled more than doubled this today 110 00:04:28,400 --> 00:04:31,120 Speaker 5: throughout trading, and we are seeing shares that are up 111 00:04:31,160 --> 00:04:33,200 Speaker 5: about eighty six percent. 112 00:04:33,279 --> 00:04:34,400 Speaker 4: That's insane as. 113 00:04:34,240 --> 00:04:36,719 Speaker 5: We speak right now, but we are seeing it fading 114 00:04:36,760 --> 00:04:38,359 Speaker 5: a little bit earlier, up as much as one hundred 115 00:04:38,360 --> 00:04:41,040 Speaker 5: and five percent. But this is really just Coals ripping 116 00:04:41,160 --> 00:04:43,080 Speaker 5: right now. And a lot of people are pointing back 117 00:04:43,120 --> 00:04:45,760 Speaker 5: toward that twenty twenty one memestock script that we were 118 00:04:45,800 --> 00:04:49,200 Speaker 5: seeing played out with GameStop, and of course all the others. 119 00:04:49,200 --> 00:04:51,640 Speaker 4: Forty nine percent of the float short short interest. 120 00:04:51,720 --> 00:04:54,960 Speaker 1: Yeah, just saying it's a short interest. 121 00:04:55,240 --> 00:04:58,120 Speaker 3: I know we should because it's like, you know, it 122 00:04:58,160 --> 00:04:58,839 Speaker 3: tells a story. 123 00:04:59,080 --> 00:05:01,440 Speaker 4: It does. Investors are not all in. 124 00:05:01,720 --> 00:05:03,440 Speaker 1: Last week, or they might have to do a bunch 125 00:05:03,480 --> 00:05:06,960 Speaker 1: of shortcovering. Crypto assets at four trillion dollars Bitcoin around 126 00:05:06,960 --> 00:05:09,400 Speaker 1: all time highs, Meme stocks are being Mimi. 127 00:05:09,240 --> 00:05:11,680 Speaker 3: Again and everything is awesome. What's going on kind of 128 00:05:11,720 --> 00:05:16,040 Speaker 3: movement from it is kind of fascinating to watch. 129 00:05:17,040 --> 00:05:21,160 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 130 00:05:21,240 --> 00:05:24,000 Speaker 2: us throughout the day for the latest roundup of companies 131 00:05:24,040 --> 00:05:27,080 Speaker 2: making news on Wall Street and for the latest market 132 00:05:27,120 --> 00:05:31,479 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 133 00:05:31,520 --> 00:05:34,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 134 00:05:34,839 --> 00:05:36,320 Speaker 2: the Bloomberg Business app.