1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:13,680 --> 00:00:17,280 Speaker 1: Harnessing the power of Bloomberg data. Let's take a look 4 00:00:17,280 --> 00:00:19,320 Speaker 1: at some stocks on the move today. I'm Nathan Hager, 5 00:00:19,400 --> 00:00:24,320 Speaker 1: joined by Bloomberg's Kritty Goupta on a very busy earnings morning, 6 00:00:24,600 --> 00:00:27,520 Speaker 1: from big tech to big oil. This morning, pretty the 7 00:00:27,520 --> 00:00:29,840 Speaker 1: big winner has to be Amazon. 8 00:00:30,000 --> 00:00:33,680 Speaker 2: Good morning, Good morning, Nathan. Yeah, Amazon really moving the 9 00:00:33,680 --> 00:00:36,000 Speaker 2: market in a very big way. I mean there's beats 10 00:00:36,000 --> 00:00:39,720 Speaker 2: and then there's beats like this. AMZN is your ticker 11 00:00:39,720 --> 00:00:43,040 Speaker 2: for Amazon. It is your biggest volume trader. Traders say 12 00:00:43,080 --> 00:00:45,760 Speaker 2: your stock mover to the upside. AMZN is your ticker 13 00:00:45,800 --> 00:00:48,360 Speaker 2: two hundred and fifty one dollars a share, marking an 14 00:00:48,479 --> 00:00:52,000 Speaker 2: almost thirteen percent move. This is what I mean. Usually 15 00:00:52,040 --> 00:00:54,800 Speaker 2: when we see tech earnings like this, we'll say six 16 00:00:54,920 --> 00:00:58,120 Speaker 2: percent move, seven percent move, not really thirteen. So Amazon 17 00:00:58,160 --> 00:01:00,520 Speaker 2: really blowing it out of the water. When it comes 18 00:01:00,600 --> 00:01:03,720 Speaker 2: to their cloud unit. They are posting the fastest growth 19 00:01:03,840 --> 00:01:07,160 Speaker 2: since twenty twenty two. This is, of course, amid the 20 00:01:07,200 --> 00:01:09,720 Speaker 2: backdrop of a lot of concerns, but maybe this is 21 00:01:09,880 --> 00:01:13,120 Speaker 2: peak cloud growth. This is the thing that really worried 22 00:01:13,160 --> 00:01:15,959 Speaker 2: the likes of Microsoft Asia earlier in the week. Nevertheless, 23 00:01:16,240 --> 00:01:20,280 Speaker 2: Amazon really proving its doubters wrong and getting rewarded for it. 24 00:01:20,319 --> 00:01:24,520 Speaker 2: This morning AMCN higher by almost thirteen percent, not alone 25 00:01:24,520 --> 00:01:26,760 Speaker 2: in the tech space because Apple reported yesterday as well. 26 00:01:26,800 --> 00:01:29,320 Speaker 2: You're not seeing the same games, but still a good 27 00:01:29,360 --> 00:01:32,920 Speaker 2: news for the iPhone maker AAPL as your taker, trading 28 00:01:32,959 --> 00:01:35,800 Speaker 2: at two hundred and seventy six dollars a share and 29 00:01:36,000 --> 00:01:38,959 Speaker 2: change hired by about two percent this morning. A couple 30 00:01:39,000 --> 00:01:41,639 Speaker 2: of positives here. Now, remember we were all really worried 31 00:01:41,680 --> 00:01:45,760 Speaker 2: about their ability to actually sell the iPhone and what 32 00:01:45,840 --> 00:01:47,560 Speaker 2: they have to do at a higher price given some 33 00:01:47,600 --> 00:01:50,320 Speaker 2: of the supply chain and tear of concerns. Turns out, 34 00:01:50,480 --> 00:01:52,040 Speaker 2: not only are they not worried about it to the 35 00:01:52,080 --> 00:01:55,000 Speaker 2: same extent, they're saying they have a big holiday season 36 00:01:55,560 --> 00:01:58,320 Speaker 2: sales figure coming up I think of their new iPhones 37 00:01:58,360 --> 00:02:01,040 Speaker 2: are really expected to take off. On top of that, 38 00:02:01,040 --> 00:02:03,480 Speaker 2: they're also talking about turning a little bit of a 39 00:02:03,840 --> 00:02:07,280 Speaker 2: bigger profit and more exposure into China, which is a 40 00:02:07,320 --> 00:02:09,639 Speaker 2: market that they've had a really tough time with given 41 00:02:09,720 --> 00:02:12,640 Speaker 2: that they are of course competing with the Huawei contender 42 00:02:12,720 --> 00:02:15,200 Speaker 2: in that market. Nevertheless, the market is happy with what 43 00:02:15,240 --> 00:02:19,120 Speaker 2: they saw yesterday. AAPL hire by about two percent. We 44 00:02:19,160 --> 00:02:20,919 Speaker 2: should mention some of the other tech stocks as well. 45 00:02:20,960 --> 00:02:23,520 Speaker 2: Meta for example, is having a good day after selling 46 00:02:23,520 --> 00:02:26,200 Speaker 2: off in yesterday's session six hundred and seventy four dollars 47 00:02:26,200 --> 00:02:29,400 Speaker 2: to share. Meta hire by one point one percent. Now, 48 00:02:29,440 --> 00:02:32,120 Speaker 2: their earnings were kind of came in a little bit 49 00:02:32,160 --> 00:02:35,480 Speaker 2: disappointing for unworrying they for a lot of investors earlier 50 00:02:35,560 --> 00:02:38,520 Speaker 2: this week, but then they sold thirty billion dollars of 51 00:02:38,600 --> 00:02:42,480 Speaker 2: bonds in marct the year's biggest offering, record demand for 52 00:02:42,600 --> 00:02:44,919 Speaker 2: something like that. So maybe they didn't win over their 53 00:02:45,040 --> 00:02:47,920 Speaker 2: stock investors, but they certainly did in terms of their 54 00:02:47,960 --> 00:02:50,120 Speaker 2: bond market investors. The stock market taking their que from 55 00:02:50,120 --> 00:02:52,799 Speaker 2: the bond market this morning high by one percent after 56 00:02:53,160 --> 00:02:55,520 Speaker 2: that deal. Nathan, let me give you a downside mover 57 00:02:55,600 --> 00:02:57,680 Speaker 2: if I can, because oil earnings are coming in thick 58 00:02:57,880 --> 00:03:02,040 Speaker 2: Exon Mobile XOM is your taker, down about one and 59 00:03:02,040 --> 00:03:05,240 Speaker 2: a half percent this morning, one hundred and thirteen dollars 60 00:03:05,280 --> 00:03:08,000 Speaker 2: a share. Now, look, they beat their estimate. They're talking 61 00:03:08,080 --> 00:03:11,359 Speaker 2: about starting up a series of good, big projects, talking 62 00:03:11,360 --> 00:03:15,160 Speaker 2: about completing twenty billion dollars of share repurchases, but does 63 00:03:15,200 --> 00:03:18,320 Speaker 2: look like the week pricing really hurt their profit in 64 00:03:18,400 --> 00:03:20,919 Speaker 2: the third quarter. Of those shares dropping this morning. 65 00:03:22,200 --> 00:03:26,440 Speaker 1: The Stockmover's report from Bloomberg Radio. 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