Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's get a sense of what's going on out there
Speaker 1: with those markets. Returned by Christina Aquino, Bloomberg News. Christine,
Speaker 1: what are you looking at? Well, let's take a look
Speaker 1: at Apple, Paul. I mean, we got some early news
Speaker 1: before the open about a downgrade, but Apple shares ticker AAPL,
Speaker 1: those are actually rebounding nicely now that the cash equity
Speaker 1: is open, and those shares up just two tens of
Speaker 1: one percent at the women. So yes, earlier we did
Speaker 1: get a Jeffrey downgrade. They downgraded a firm to underperform
Speaker 1: from hold, and that is one of the few sell
Speaker 1: equivalent ratings on the Bloomberg system. Fewer than seven percent
Speaker 1: of analysts have that sort of rating. So this is
Speaker 1: an outlier for sure. But the analysts are saying that
Speaker 1: their currentvaluation prices for Apple reflects a quote overly bullish
Speaker 1: iPhone outlook. But then Bloomberg Intelligence saying that the seven
Speaker 1: day average for iPhone seventeen delivery times was eighteen point
Speaker 1: nine days versus thirteen point six days last year, so
Speaker 1: that actually means longer rating times, stronger demand, and they're
Speaker 1: saying that means that that puts it on track in
Speaker 1: terms of sales for an eight to nine percent game,
Speaker 1: which is double the consensus of four percent. So looking
Speaker 1: optimistic probably what's being reflected in the share price today.
Speaker 2: Let's also talk about Applied Materials.
Speaker 1: It didn't report earnings, but I guess it gave the
Speaker 1: equivalent of a profit warning. Yeah, absolutely, Scarla, and the
Speaker 1: shares are paying for it or Applied Materials to create AMAT.
Speaker 1: Those shares are down more than three percent now, so
Speaker 1: extending losses as the session continues. And that's exactly it.
Speaker 1: So we got Applied material saying that their net revenue
Speaker 1: for fiscal twenty twenty six set to decrease by six
Speaker 1: hundred million dollars because of the Trump administration's actions to
Speaker 1: dramatically expand USA actions to capture subsidiaries of blacklisted companies.
Speaker 1: What ultimately that means is that they're just going to
Speaker 1: have a harder time selling to companies in China, specifically
Speaker 1: who don't have a license to go around these sanctions.
Speaker 1: And City analy is saying that this is a big
Speaker 1: hit to apply material specifically because they're assuming about a
Speaker 1: thirty percent of total revenue being derived from China, so
Speaker 1: that impact six hundred million dollars. That's going to be
Speaker 1: around seven percent to china total revenue in fiscal twenty
Speaker 1: twenty six, which is worse than some of its competitors
Speaker 1: in the space. Boeingo, what's happening? They're not good things
Speaker 1: Triple seven. I didn't know we had a problem with
Speaker 1: Triple seven. I can't contract, I know, Well, apparently we do,
Speaker 1: and we got this Bloomberg exclusive reported yesterday after closed.
Speaker 1: So and that's taking a little bit of a hit
Speaker 1: on the shares, not too much though, so ticker be
Speaker 1: a shares down just two tenths of one percent. But
Speaker 1: the news doesn't sound good. So they're Triple seven slated
Speaker 1: to fly commercially for the first time in early twenty
Speaker 1: twenty seven now instead of next year. So Lafonsa was
Speaker 1: meant to be the launch customer for this aircraft and
Speaker 1: they're already making plans for delays. Meanwhile, Emirates, which is
Speaker 1: meant to be the biggest customer for the aircraft, are
Speaker 1: also growing more cautious and they're looking at entry into service,
Speaker 1: possibly not before twenty twenty seven. So the estimate from
Speaker 1: analysts there in terms of non cash accounting charge that
Speaker 1: could run from anywhere from two and a half billion
Speaker 1: to as much as four billion dollars, So the press
Speaker 1: is negative. Executives have held meetings with major investors and
Speaker 1: are now working on damage control messaging.
Speaker 2: The stock mover's report from Bloomberg Radio. Check back with
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