Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market.
Speaker 1: Harnessing the power of Bloomberg data. Let's take a look
Speaker 1: at some stocks on the move today. I'm Nathan Hager,
Speaker 1: joined by Bloomberg's Kritty Goupta on a very busy earnings morning,
Speaker 1: from big tech to big oil. This morning, pretty the
Speaker 1: big winner has to be Amazon.
Speaker 2: Good morning, Good morning, Nathan. Yeah, Amazon really moving the
Speaker 2: market in a very big way. I mean there's beats
Speaker 2: and then there's beats like this. AMZN is your ticker
Speaker 2: for Amazon. It is your biggest volume trader. Traders say
Speaker 2: your stock mover to the upside. AMZN is your ticker
Speaker 2: two hundred and fifty one dollars a share, marking an
Speaker 2: almost thirteen percent move. This is what I mean. Usually
Speaker 2: when we see tech earnings like this, we'll say six
Speaker 2: percent move, seven percent move, not really thirteen. So Amazon
Speaker 2: really blowing it out of the water. When it comes
Speaker 2: to their cloud unit. They are posting the fastest growth
Speaker 2: since twenty twenty two. This is, of course, amid the
Speaker 2: backdrop of a lot of concerns, but maybe this is
Speaker 2: peak cloud growth. This is the thing that really worried
Speaker 2: the likes of Microsoft Asia earlier in the week. Nevertheless,
Speaker 2: Amazon really proving its doubters wrong and getting rewarded for it.
Speaker 2: This morning AMCN higher by almost thirteen percent, not alone
Speaker 2: in the tech space because Apple reported yesterday as well.
Speaker 2: You're not seeing the same games, but still a good
Speaker 2: news for the iPhone maker AAPL as your taker, trading
Speaker 2: at two hundred and seventy six dollars a share and
Speaker 2: change hired by about two percent this morning. A couple
Speaker 2: of positives here. Now, remember we were all really worried
Speaker 2: about their ability to actually sell the iPhone and what
Speaker 2: they have to do at a higher price given some
Speaker 2: of the supply chain and tear of concerns. Turns out,
Speaker 2: not only are they not worried about it to the
Speaker 2: same extent, they're saying they have a big holiday season
Speaker 2: sales figure coming up I think of their new iPhones
Speaker 2: are really expected to take off. On top of that,
Speaker 2: they're also talking about turning a little bit of a
Speaker 2: bigger profit and more exposure into China, which is a
Speaker 2: market that they've had a really tough time with given
Speaker 2: that they are of course competing with the Huawei contender
Speaker 2: in that market. Nevertheless, the market is happy with what
Speaker 2: they saw yesterday. AAPL hire by about two percent. We
Speaker 2: should mention some of the other tech stocks as well.
Speaker 2: Meta for example, is having a good day after selling
Speaker 2: off in yesterday's session six hundred and seventy four dollars
Speaker 2: to share. Meta hire by one point one percent. Now,
Speaker 2: their earnings were kind of came in a little bit
Speaker 2: disappointing for unworrying they for a lot of investors earlier
Speaker 2: this week, but then they sold thirty billion dollars of
Speaker 2: bonds in marct the year's biggest offering, record demand for
Speaker 2: something like that. So maybe they didn't win over their
Speaker 2: stock investors, but they certainly did in terms of their
Speaker 2: bond market investors. The stock market taking their que from
Speaker 2: the bond market this morning high by one percent after
Speaker 2: that deal. Nathan, let me give you a downside mover
Speaker 2: if I can, because oil earnings are coming in thick
Speaker 2: Exon Mobile XOM is your taker, down about one and
Speaker 2: a half percent this morning, one hundred and thirteen dollars
Speaker 2: a share. Now, look, they beat their estimate. They're talking
Speaker 2: about starting up a series of good, big projects, talking
Speaker 2: about completing twenty billion dollars of share repurchases, but does
Speaker 2: look like the week pricing really hurt their profit in
Speaker 2: the third quarter. Of those shares dropping this morning.
Speaker 1: The Stockmover's report from Bloomberg Radio. Check back with us
Speaker 1: throughout the day for the latest roundup of companies making
Speaker 1: news on Wall Street and for the latest market moving headlines.
Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 1: dot com, and on Applecarplay and Android Auto with the
Speaker 1: Bloomberg Business app.