Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's get to some stocks on the move on this
Speaker 1: and video Wednesday. I'm going to call it Bloomberg News
Speaker 1: Equities team leader and deputy team leader for US Equities
Speaker 1: Carmen Rhinicky. She is in the house and she joins
Speaker 1: us with some stocks on the move. Let's start with
Speaker 1: this one. It's definitely on my gainer list. Exxon.
Speaker 3: Yeah, so right now, this is the top gainer in
Speaker 3: the S and P five hundred ticker AXO n SO
Speaker 3: shares are up about twenty percent right now. So this
Speaker 3: is the maker of taser, right, and it also does
Speaker 3: public safety software, so shares our up after earnings. They
Speaker 3: reported earnings that were better than Wall Street's expectations, and
Speaker 3: analysts really cheered it because they see this company as
Speaker 3: an AI winner. So they're using AI sort of across
Speaker 3: their software platforms, and so this is.
Speaker 1: That it's been is looking at me like, well, because yeah,
Speaker 1: we have and they're very bolth they're so bullish on this.
Speaker 4: Yeah, and the company also you know, the body cameras
Speaker 4: and the footage.
Speaker 1: The robotics is something I think they're exploring a lot
Speaker 1: of different things.
Speaker 4: Sorry, but we digress.
Speaker 3: Yeah, So, I mean they're just seen as one that
Speaker 3: could be a winner as opposed to disrupted as we've seen.
Speaker 3: You know, it's software stocks really get hit there. So
Speaker 3: that's ax on. Another place that I'm looking today is
Speaker 3: the housing sectors.
Speaker 4: That's an interesting story.
Speaker 3: Yeah, I've been looking at the housing index at fifteen
Speaker 3: home so it's down about four percent today, the worst
Speaker 3: since October. So there are kind of a few things
Speaker 3: going on here. First of all, lows so ticker LW
Speaker 3: shares are down, the company forecast full year sales that
Speaker 3: were short of expectations and sort of signaled that there's
Speaker 3: still weakness and you know, uncertainty in the housing market.
Speaker 3: And then secondarily, so investors are really hoping that Trump
Speaker 3: would address this more in the State of the Union
Speaker 3: speech last night, and he did a little bit, but
Speaker 3: I guess not as much as investors are really hoping,
Speaker 3: so sending shares of those homebuilding stocks down today.
Speaker 1: No more specificity right in terms of a policy that
Speaker 1: might address the housing affordability issue. Let's go to Netflix.
Speaker 1: What's going on there?
Speaker 3: Yeah, So Netflix NFLX is up six percent today. This
Speaker 3: is the best day since April twenty second, Earth Day,
Speaker 3: So basically what happened this morning. So Warner Brothers Discovery
Speaker 3: said they have a new offer for Paramount's guidance and
Speaker 3: that could lead to a better deal than the existing
Speaker 3: agreement that they have with Netflix. So investors seem to
Speaker 3: be excited about this because it would mean, you know,
Speaker 3: Netflix is no longer in this deal and they could
Speaker 3: walk away with a breakup fee of two point eight
Speaker 3: billion dollars. So we're seeing shares having you know, some
Speaker 3: resurgence after it's had a really you know, pronounced selloff
Speaker 3: from looking June June of last year.
Speaker 4: Well, that's what's so remarkable about this is that investors
Speaker 4: have been pretty bearish on the idea of this company
Speaker 4: taking on these other assets. So, I don't know, it's
Speaker 4: interesting to see a stock move like this today higher
Speaker 4: given that it's coming from a place where investors have
Speaker 4: sent the signal this is a lot of money to spend,
Speaker 4: and we're not entirely convinced it's the right way to
Speaker 4: spend the money. Yeah, I don't know.
Speaker 1: I'm thinking of what are you thinking of? Who did
Speaker 1: we talk to you yesterday? From Moffatt Nathanson and specifically
Speaker 1: oh Rob Fishman. And basically like, if Netflix doesn't get it,
Speaker 1: it's kind of okay, Like they can walk away, and
Speaker 1: I think they're going to be buyers. Just looking for
Speaker 1: the commentary that he had, he said, with Netflix's stock
Speaker 1: at current depress levels, investors should win either way. We
Speaker 1: see longer term benefits of owning Warner Brothers assets not
Speaker 1: properly reflected these levels. But if Netflix walked away from
Speaker 1: the deal, the company's core fundamental drivers a subscriber and
Speaker 1: ad growth plus pricing power should rebuild investor confidence that
Speaker 1: Warner Brothers was truly nice to have and not a mustag.
Speaker 4: Exactly, you're not going to quit.
Speaker 1: I thought that was smart.
Speaker 4: I think that makes sense. You're not going to quit
Speaker 4: Netflix because it doesn't have the sopranos.
Speaker 1: Right, You'll be okay, right, still be watching winning by
Speaker 1: walking away, exactly, I.
Speaker 4: Think we can all learn something from that.
Speaker 1: It's okay times right, it's a decision.
Speaker 4: It's better than the deal's not done. We don't know,
Speaker 4: we don't know how. He did say he's like, I
Speaker 4: have no idea who's going to win this?
Speaker 1: No, right, exactly?
Speaker 4: Okay, sorry, it's also in Vidia day.
Speaker 3: You're watching that exactly, so we've got to talk about it.
Speaker 3: In Vidia shares are up two point two percent right now,
Speaker 3: and this is a little notable heading into earnings because
Speaker 3: the stock has not seen a lot of momentum in
Speaker 3: the past really few months, so investors sort of rotating
Speaker 3: away from those big tech stocks into maybe like less
Speaker 3: risky parts of the market. But today we're seeing green
Speaker 3: on the screen. Heading into these earnings, a lot of
Speaker 3: things investors will be watching for, mostly the guidance, you know,
Speaker 3: if Jensen's and Jensen can sort of reinvigorate you know,
Speaker 3: investor enthusiasm around AI and sort of under the hood,
Speaker 3: I'll be looking at gross margins, right they say anything
Speaker 3: about China, and then of course that that guidance, you know,
Speaker 3: what they're seeing, especially after we saw so much spending
Speaker 3: from the hyperscalers sort of forecast into the future.
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