Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move
Speaker 3: today with us as Bloomberg News process at reporter Emily Graffeo.
Speaker 3: She joins us here in the Bloomberg Business Week studio.
Speaker 4: Emily, what's on your radar?
Speaker 5: Okay, so I'm looking at shares of US shares of Spotify,
Speaker 5: because that stock had fallen as much as four percent.
Speaker 5: They're set to report earnings tomorrow. Spotify has gained thirty
Speaker 5: five percent.
Speaker 3: I was just going to say, into date, it's been
Speaker 3: on tear this year, last year.
Speaker 5: I don't claim to know any like inside knowledge into
Speaker 5: Spotify as to exactly today why the stock is lower.
Speaker 1: I'm assuming maybe it's profit taking.
Speaker 5: Before the earnings, but in terms of what investors are
Speaker 5: going to be looking for, how and when the company.
Speaker 1: Will raise prices.
Speaker 5: That's what Bloomberg News is writing today, because they're reportedly
Speaker 5: planning an increase in Europe as soon.
Speaker 4: As June, but not here in the US.
Speaker 1: Hopefully, I don't know. Maybe they'll mention that tomorrow.
Speaker 5: And then they also said today that they paid one
Speaker 5: hundred million dollars to podcast publishers and creators in the
Speaker 5: first quarter. But it would be hard to imagine that
Speaker 5: would make the stock move down so much four percent.
Speaker 5: But really that was only headline that we got out
Speaker 5: of Spotify for today, so you may be profit taking.
Speaker 6: So hovering near it's all time high.
Speaker 3: Did you see what it did last year? One hundred
Speaker 3: and seventy percent higher in twenty twenty four. Yeah, one
Speaker 3: hundred and fifty seven percent higher in twenty twenty three.
Speaker 3: I also think this is a sticky product in the
Speaker 3: sense I don't know, are you a Spotify subscriber? I
Speaker 3: am so am I and I don't anticipate ever going
Speaker 3: to any other service because it knows me I have
Speaker 3: all my playlists, not that they're that many.
Speaker 4: Well your abba, no on my body bear Well.
Speaker 5: We have been taught talking about I think it was
Speaker 5: last week week we'd mentioned that Netflix was like tariff
Speaker 5: proof and recession proof. Spotify seems similar, like a similar
Speaker 5: story because sticky, it's it's sticky.
Speaker 1: You know, Are you really.
Speaker 5: Going to stop listening to music just because the economy
Speaker 5: is in a recession.
Speaker 1: Or it's a like off the charts, right, like yeah,
Speaker 1: kind of suing it. Yeah, you can get so much.
Speaker 4: Yeah, it depends on how much they raise prices.
Speaker 6: Right, I'm listening to Madonna on the weekend.
Speaker 4: A lot of podcasts too. Actually, come on.
Speaker 1: You're among friends, Okay, Bloomberg podcasts obviously. Yeah, you can
Speaker 1: get Bloomberg Business Daily.
Speaker 4: Yeah. No, I mean you can get every podcast there.
Speaker 1: Can, Burg Business week Daily podcast.
Speaker 4: And weekend show. That's so true.
Speaker 6: Okay, Boeing it's actually higher today. I feel like this
Speaker 6: is another move step towards the Boeing of the future.
Speaker 1: Yes, so that stock is up about two percent.
Speaker 5: They had an upgrade at Bernstein to outperform from market perform.
Speaker 5: They said the aircraft make is now making the progress
Speaker 5: it needs for growth trajectory, although the analysts did note
Speaker 5: that they can't assume all the risks are gone and
Speaker 5: there are several piling up for Boeing that have been
Speaker 5: piling up for a while now, namely high FA scrutiny
Speaker 5: and just I guess the negative like negative headlines when
Speaker 5: it comes to just.
Speaker 1: All of the.
Speaker 5: Troubles that this company has had and.
Speaker 6: We did have Airbuss agreed to take over some assets
Speaker 6: and sights from Spirit Aerosystems, which then clears the way
Speaker 6: for Spirit to be acquired by Boeing, which they're bringing
Speaker 6: back right Airport Airline.
Speaker 3: Boy, Yes, everything spun off is spun it off about
Speaker 3: more or less twenty years.
Speaker 1: Ago, because anytime we talked about it, Second Airplane.
Speaker 4: Is a separate public company.
Speaker 3: Now it's being brought back under the Hopefully this will
Speaker 3: help solve some of the issues around the quality that
Speaker 3: they faced in researching back and yeah, bringing back.
Speaker 4: In US airplane man.
Speaker 3: Okay, Well, speaking of transportation, let's talk plug Power off
Speaker 3: the charts today. We've had Andy marsh the CEO, come
Speaker 3: on our program quite a bit over the last few years,
Speaker 3: and whenever he comes on, I hear a lot from
Speaker 3: folks on social media.
Speaker 4: What's going on with the stock today?
Speaker 5: So this is stock movers. So I couldn't not pick
Speaker 5: this one. It was up as much as forty six
Speaker 5: percent today.
Speaker 4: Is this one of yours today? Carol? No, No, I
Speaker 4: have ade. I know I have another four.
Speaker 6: I have another big mover that's got above a billion
Speaker 6: dollar market.
Speaker 1: Okay, yeah, that's the thing with plug Power.
Speaker 5: They are just shy of a billion dollars in market cap,
Speaker 5: but this was the biggest jump in nearly a year.
Speaker 5: The Hydrogen Company announced a five hundred and twenty five
Speaker 5: million dollars secured debt facility.
Speaker 1: That alone says something.
Speaker 6: The biggest jump in nearly a year like this one
Speaker 6: bops around a lot.
Speaker 1: Yeah, it does. It's been falling this year. It hasn't
Speaker 1: had a good twenty twenty.
Speaker 5: Five, but today there is some relief there for the
Speaker 5: for the shareholder.
Speaker 6: It's still down even with that move today, it's down
Speaker 6: fifty percent year today.
Speaker 5: Yeah, that's incredible, and the share price is not. Yeah,
Speaker 5: it's just about a book.
Speaker 6: Yeah, So a little perspective there, Green Hydrogen Company. Yeah,
Speaker 6: but you're right, and a big chunk of the float
Speaker 6: is shorted, more than twenty seven percent, so.
Speaker 1: You get it.
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