WEBVTT - Spotify Down, Boeing Climbs, Plug Power Soars

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today with us as Bloomberg News process at reporter Emily Graffeo.

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<v Speaker 3>She joins us here in the Bloomberg Business Week studio.

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<v Speaker 4>Emily, what's on your radar?

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<v Speaker 5>Okay, so I'm looking at shares of US shares of Spotify,

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<v Speaker 5>because that stock had fallen as much as four percent.

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<v Speaker 5>They're set to report earnings tomorrow. Spotify has gained thirty

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<v Speaker 5>five percent.

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<v Speaker 3>I was just going to say, into date, it's been

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<v Speaker 3>on tear this year, last year.

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<v Speaker 5>I don't claim to know any like inside knowledge into

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<v Speaker 5>Spotify as to exactly today why the stock is lower.

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<v Speaker 1>I'm assuming maybe it's profit taking.

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<v Speaker 5>Before the earnings, but in terms of what investors are

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<v Speaker 5>going to be looking for, how and when the company.

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<v Speaker 1>Will raise prices.

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<v Speaker 5>That's what Bloomberg News is writing today, because they're reportedly

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<v Speaker 5>planning an increase in Europe as soon.

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<v Speaker 4>As June, but not here in the US.

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<v Speaker 1>Hopefully, I don't know. Maybe they'll mention that tomorrow.

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<v Speaker 5>And then they also said today that they paid one

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<v Speaker 5>hundred million dollars to podcast publishers and creators in the

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<v Speaker 5>first quarter. But it would be hard to imagine that

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<v Speaker 5>would make the stock move down so much four percent.

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<v Speaker 5>But really that was only headline that we got out

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<v Speaker 5>of Spotify for today, so you may be profit taking.

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<v Speaker 6>So hovering near it's all time high.

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<v Speaker 3>Did you see what it did last year? One hundred

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<v Speaker 3>and seventy percent higher in twenty twenty four. Yeah, one

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<v Speaker 3>hundred and fifty seven percent higher in twenty twenty three.

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<v Speaker 3>I also think this is a sticky product in the

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<v Speaker 3>sense I don't know, are you a Spotify subscriber? I

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<v Speaker 3>am so am I and I don't anticipate ever going

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<v Speaker 3>to any other service because it knows me I have

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<v Speaker 3>all my playlists, not that they're that many.

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<v Speaker 4>Well your abba, no on my body bear Well.

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<v Speaker 5>We have been taught talking about I think it was

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<v Speaker 5>last week week we'd mentioned that Netflix was like tariff

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<v Speaker 5>proof and recession proof. Spotify seems similar, like a similar

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<v Speaker 5>story because sticky, it's it's sticky.

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<v Speaker 1>You know, Are you really.

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<v Speaker 5>Going to stop listening to music just because the economy

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<v Speaker 5>is in a recession.

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<v Speaker 1>Or it's a like off the charts, right, like yeah,

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<v Speaker 1>kind of suing it. Yeah, you can get so much.

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<v Speaker 4>Yeah, it depends on how much they raise prices.

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<v Speaker 6>Right, I'm listening to Madonna on the weekend.

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<v Speaker 4>A lot of podcasts too. Actually, come on.

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<v Speaker 1>You're among friends, Okay, Bloomberg podcasts obviously. Yeah, you can

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<v Speaker 1>get Bloomberg Business Daily.

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<v Speaker 4>Yeah. No, I mean you can get every podcast there.

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<v Speaker 1>Can, Burg Business week Daily podcast.

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<v Speaker 4>And weekend show. That's so true.

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<v Speaker 6>Okay, Boeing it's actually higher today. I feel like this

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<v Speaker 6>is another move step towards the Boeing of the future.

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<v Speaker 1>Yes, so that stock is up about two percent.

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<v Speaker 5>They had an upgrade at Bernstein to outperform from market perform.

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<v Speaker 5>They said the aircraft make is now making the progress

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<v Speaker 5>it needs for growth trajectory, although the analysts did note

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<v Speaker 5>that they can't assume all the risks are gone and

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<v Speaker 5>there are several piling up for Boeing that have been

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<v Speaker 5>piling up for a while now, namely high FA scrutiny

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<v Speaker 5>and just I guess the negative like negative headlines when

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<v Speaker 5>it comes to just.

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<v Speaker 1>All of the.

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<v Speaker 5>Troubles that this company has had and.

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<v Speaker 6>We did have Airbuss agreed to take over some assets

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<v Speaker 6>and sights from Spirit Aerosystems, which then clears the way

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<v Speaker 6>for Spirit to be acquired by Boeing, which they're bringing

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<v Speaker 6>back right Airport Airline.

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<v Speaker 3>Boy, Yes, everything spun off is spun it off about

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<v Speaker 3>more or less twenty years.

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<v Speaker 1>Ago, because anytime we talked about it, Second Airplane.

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<v Speaker 4>Is a separate public company.

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<v Speaker 3>Now it's being brought back under the Hopefully this will

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<v Speaker 3>help solve some of the issues around the quality that

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<v Speaker 3>they faced in researching back and yeah, bringing back.

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<v Speaker 4>In US airplane man.

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<v Speaker 3>Okay, Well, speaking of transportation, let's talk plug Power off

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<v Speaker 3>the charts today. We've had Andy marsh the CEO, come

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<v Speaker 3>on our program quite a bit over the last few years,

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<v Speaker 3>and whenever he comes on, I hear a lot from

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<v Speaker 3>folks on social media.

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<v Speaker 4>What's going on with the stock today?

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<v Speaker 5>So this is stock movers. So I couldn't not pick

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<v Speaker 5>this one. It was up as much as forty six

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<v Speaker 5>percent today.

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<v Speaker 4>Is this one of yours today? Carol? No, No, I

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<v Speaker 4>have ade. I know I have another four.

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<v Speaker 6>I have another big mover that's got above a billion

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<v Speaker 6>dollar market.

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<v Speaker 1>Okay, yeah, that's the thing with plug Power.

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<v Speaker 5>They are just shy of a billion dollars in market cap,

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<v Speaker 5>but this was the biggest jump in nearly a year.

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<v Speaker 5>The Hydrogen Company announced a five hundred and twenty five

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<v Speaker 5>million dollars secured debt facility.

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<v Speaker 1>That alone says something.

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<v Speaker 6>The biggest jump in nearly a year like this one

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<v Speaker 6>bops around a lot.

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<v Speaker 1>Yeah, it does. It's been falling this year. It hasn't

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<v Speaker 1>had a good twenty twenty.

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<v Speaker 5>Five, but today there is some relief there for the

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<v Speaker 5>for the shareholder.

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<v Speaker 6>It's still down even with that move today, it's down

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<v Speaker 6>fifty percent year today.

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<v Speaker 5>Yeah, that's incredible, and the share price is not. Yeah,

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<v Speaker 5>it's just about a book.

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<v Speaker 6>Yeah, So a little perspective there, Green Hydrogen Company. Yeah,

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<v Speaker 6>but you're right, and a big chunk of the float

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<v Speaker 6>is shorted, more than twenty seven percent, so.

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<v Speaker 1>You get it.

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