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: I'm Carol Master along with Tim Stenovik. So let's get
Speaker 3: to some stocks on the move today with us as
Speaker 3: Bloomberg News Equities supporter Noura Melinda.
Speaker 4: All Right, Norah stock number.
Speaker 5: One, plethord to choose from today, But I'm looking at
Speaker 5: shares of d R Horton.
Speaker 4: Let's take her Dhi.
Speaker 5: This is one of the stocks that I actually cover,
Speaker 5: is a home builder, and it's one of the bell
Speaker 5: weathers in the industry.
Speaker 4: We're seeing shares up.
Speaker 5: This afternoon, and this is after it reported orders that
Speaker 5: topped expectations and a third quarter EPs B and so
Speaker 5: this is really good, especially if you think about the
Speaker 5: sluggish housing market.
Speaker 4: This is great news for the sector.
Speaker 5: So we're seeing a widespread rally coming off of this,
Speaker 5: as we're seeing a lot of these other companies like
Speaker 5: Polti Group, which also reported earnings rising and sympathy here.
Speaker 1: Well, it's all good news, though, I mean is it?
Speaker 1: Because if we.
Speaker 4: I know, right, what is the good news?
Speaker 1: We what we heard from the President earlier today about
Speaker 1: interest rates and about people not being able to afford homes.
Speaker 1: As a result of that, rates are still high, their
Speaker 1: concerns about construction costs. So I guess the expectations were
Speaker 1: not high.
Speaker 5: I mean, there's definitely a lot of overhangs right now
Speaker 5: when you think about the broader real estate industry, but
Speaker 5: particularly residential real estate. And we know that Dr Horton
Speaker 5: actually targets some of the entry level buyers and the
Speaker 5: move up buyers. And it's interesting because if you think
Speaker 5: about the average you know, millennial or people who are
Speaker 5: looking to get a new home, I don't really hear
Speaker 5: that many people saying that they're closing. So it's interesting
Speaker 5: that we are getting these results. But we do have
Speaker 5: Zeman the analysts there. They're pointing out that while this
Speaker 5: was a solid report here, we did see that management
Speaker 5: tweaked the midpoint of its twenty twenty five revenue and
Speaker 5: closing guidance that's a little bit slightly lower. So we
Speaker 5: do have analysts that are really still trying to see
Speaker 5: if they are still offering these incentives because the used
Speaker 5: to do a lot of these buydowns where they would
Speaker 5: buy down the rates to cheaper, and you know, I
Speaker 5: throw on a dishwasher throwing some fun things.
Speaker 4: We did five.
Speaker 3: Points right, Oh god, I have a yeah she was
Speaker 3: so she was aggresive, really smart. But I should put
Speaker 3: out that home building stocks as a whole, they're up
Speaker 3: about ten percent. So investors taking note. Quite a day
Speaker 3: that you had Darrel, Horton and Paulty. Right, but come
Speaker 3: out with some news that has caught the attention of investors.
Speaker 3: All right, let's go to stock number two. Where do
Speaker 3: you want to take us?
Speaker 4: Let's go to Lockheed Martin.
Speaker 5: This is the other industry that I cover, aerospace and
Speaker 5: defense company.
Speaker 4: So we're seeing take our LMT.
Speaker 5: That's the worst performing stock in the S and P
Speaker 5: five hundred today, really seeing a decline.
Speaker 4: It was earlier down as much as ten percent.
Speaker 5: That's the biggest drop since October of twenty twenty one.
Speaker 5: And we're seeing a stock that's out about fourteen percent
Speaker 5: so far this year. But what people are really taking
Speaker 5: away from these earnings today is the fact that it
Speaker 5: had a one point six billion dollar amount in charges
Speaker 5: and a possible tax hit, and that's what's really set
Speaker 5: the stock tumbling. But we do see a lot of
Speaker 5: the things that have really been a headwind for the
Speaker 5: stock is the fact of the critic criticism that has
Speaker 5: really been receiving or arding its F thirty five jets,
Speaker 5: so lots of cost overruns and delays that has really
Speaker 5: been riddling the company here.
Speaker 1: They also didn't get the F forty seven that was
Speaker 1: the new plane that was announced back in March. I
Speaker 1: believe that ended up going to Boeing instead.
Speaker 4: No, absolutely so.
Speaker 5: I mean there's a lot of things that people have
Speaker 5: really been parsing as it pertained to this company.
Speaker 4: And it seems as though Wall Street's quite.
Speaker 5: Critical today, but not super surprising because I think people
Speaker 5: had expectations that were kind of low coming into aerospace
Speaker 5: and defense earnings. We do see northwk Grumman as a
Speaker 5: gainer right now, but overwhelmingly you are seeing a bit
Speaker 5: of people.
Speaker 4: Sour right now when it comes to aerospace.
Speaker 6: Exists sense potentially four point six billion dollars in additional
Speaker 6: taxes owed after an accounting change, and apparently I guess
Speaker 6: they're talking with the SEC about this or contesting.
Speaker 3: The matter with the Eternal Revenue Service, But I mean.
Speaker 4: That would be massive, absolutely massive. We're looking at the
Speaker 4: st off it's one time.
Speaker 5: But yeah, yeah, yeah, I mean I think that these
Speaker 5: are so really interesting things that it seems like people
Speaker 5: are really pointing a finger poking here.
Speaker 3: All right, poke at KSS.
Speaker 4: That was a good one, thank you. Yes.
Speaker 5: So we're looking at shares of Coals, and this is
Speaker 5: interesting because we've really been seeing this meme stock rally returning.
Speaker 5: Another company that I cover is open Door Technologies. That's
Speaker 5: take her open and we're just seeing a wide base
Speaker 5: rally right now between Coals and open Door.
Speaker 4: But let's look at Coles here.
Speaker 5: We're actually seeing this, of course because of social media chatter,
Speaker 5: as is typical when we think about these memestocks. Here,
Speaker 5: we're seeing shares that doubled more than doubled this today
Speaker 5: throughout trading, and we are seeing shares that are up
Speaker 5: about eighty six percent.
Speaker 4: That's insane as.
Speaker 5: We speak right now, but we are seeing it fading
Speaker 5: a little bit earlier, up as much as one hundred
Speaker 5: and five percent. But this is really just Coals ripping
Speaker 5: right now. And a lot of people are pointing back
Speaker 5: toward that twenty twenty one memestock script that we were
Speaker 5: seeing played out with GameStop, and of course all the others.
Speaker 4: Forty nine percent of the float short short interest.
Speaker 1: Yeah, just saying it's a short interest.
Speaker 3: I know we should because it's like, you know, it
Speaker 3: tells a story.
Speaker 4: It does. Investors are not all in.
Speaker 1: Last week, or they might have to do a bunch
Speaker 1: of shortcovering. Crypto assets at four trillion dollars Bitcoin around
Speaker 1: all time highs, Meme stocks are being Mimi.
Speaker 3: Again and everything is awesome. What's going on kind of
Speaker 3: movement from it is kind of fascinating to watch.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
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