1 00:00:02,520 --> 00:00:08,640 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,320 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,320 --> 00:00:22,119 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Winding down 6 00:00:22,200 --> 00:00:24,319 Speaker 1: earning season, but a lot of names to get to. 7 00:00:24,440 --> 00:00:28,400 Speaker 1: Starting with open Door. Pretty big bid on this stock 8 00:00:28,440 --> 00:00:30,720 Speaker 1: after earning Stan Good morning, Good. 9 00:00:30,480 --> 00:00:34,920 Speaker 3: Morning, Nathan. That's right open Door ticker Ope, and those 10 00:00:34,960 --> 00:00:38,040 Speaker 3: shares are up nearly twenty percent in pre market right now. 11 00:00:38,200 --> 00:00:41,000 Speaker 3: That's us the online real estate marketplace show signs of 12 00:00:41,000 --> 00:00:44,120 Speaker 3: a turnaround. It's fourth quarter sales were above estimates, the 13 00:00:44,240 --> 00:00:47,800 Speaker 3: loss was smaller than estimates, so investors really piling that 14 00:00:47,840 --> 00:00:50,559 Speaker 3: into that this morning. Just to take a step back 15 00:00:50,600 --> 00:00:52,120 Speaker 3: and look at the stock in the context of the 16 00:00:52,159 --> 00:00:54,920 Speaker 3: longer term perspective, those the shares, they're trading at five 17 00:00:54,920 --> 00:00:57,640 Speaker 3: point fifty this morning, five dollars and fifty cents this morning. 18 00:00:57,680 --> 00:01:00,760 Speaker 3: There are thirty five dollars a share five years ago. 19 00:01:00,920 --> 00:01:03,800 Speaker 3: So this is a comeback story. This twenty percent pop 20 00:01:03,880 --> 00:01:06,160 Speaker 3: is after a ninety percent draw down. So when I 21 00:01:06,200 --> 00:01:09,399 Speaker 3: talk about turnaround. We are talking about a turnaround. So 22 00:01:10,040 --> 00:01:12,640 Speaker 3: analysts coming away saying the signs of the turnaround are 23 00:01:12,680 --> 00:01:15,600 Speaker 3: taking hold, and the company has been using technology to 24 00:01:15,760 --> 00:01:18,959 Speaker 3: implement that. Companies highlighting that used to take eleven people 25 00:01:19,000 --> 00:01:21,160 Speaker 3: to close a contract on a home that can now 26 00:01:21,200 --> 00:01:22,960 Speaker 3: be down to one. And in the last week of 27 00:01:23,000 --> 00:01:25,800 Speaker 3: the year, the company's signed more than five hundred acquisition contracts. 28 00:01:25,840 --> 00:01:28,720 Speaker 3: That's double the rate of the previous quarter. Why this matters, 29 00:01:28,959 --> 00:01:31,360 Speaker 3: the company is not immune to the five to ten 30 00:01:31,400 --> 00:01:34,280 Speaker 3: percent national home price declines. So the faster the company 31 00:01:34,280 --> 00:01:36,840 Speaker 3: can move houses, the less balance sheet risks they have, 32 00:01:36,920 --> 00:01:38,720 Speaker 3: and also the more money they can make on flip 33 00:01:38,720 --> 00:01:41,240 Speaker 3: in the houses. So Open Door technology good signs in 34 00:01:41,240 --> 00:01:42,880 Speaker 3: the morning up eighteen percent. 35 00:01:42,959 --> 00:01:45,880 Speaker 1: Right now, we got a flip side this morning from Neumont. 36 00:01:46,319 --> 00:01:49,400 Speaker 1: You'd think their earnings would have looked better given what 37 00:01:49,440 --> 00:01:51,680 Speaker 1: we've seen in the gold market lately. 38 00:01:52,440 --> 00:01:54,040 Speaker 3: Yeah, it's really funny. It's kind of the side of 39 00:01:54,080 --> 00:01:56,120 Speaker 3: the other coin. Right, So housing prices have been down, 40 00:01:56,160 --> 00:01:58,560 Speaker 3: but Open Doors doing well. Newmont gold prices have been up, 41 00:01:58,600 --> 00:01:59,920 Speaker 3: but the company itself isn't doing well. 42 00:02:00,000 --> 00:02:00,360 Speaker 2: Well. 43 00:02:00,720 --> 00:02:03,200 Speaker 3: If you don't know, it's the world's biggest gold miner. 44 00:02:03,480 --> 00:02:06,760 Speaker 3: It is the fourth quarter top and bottom lines were 45 00:02:06,840 --> 00:02:09,240 Speaker 3: greater than estimates, so that is off the back of 46 00:02:09,240 --> 00:02:12,200 Speaker 3: that strong gold. But those shares are now down three 47 00:02:12,280 --> 00:02:15,760 Speaker 3: percent in pre market, and that's because Newmont says that 48 00:02:15,840 --> 00:02:18,360 Speaker 3: output this year will fall ten percent, which is about 49 00:02:18,400 --> 00:02:21,760 Speaker 3: five point three million ounces of gold this year, so 50 00:02:21,800 --> 00:02:23,680 Speaker 3: it's not going to be able to capitalize on those 51 00:02:23,760 --> 00:02:27,400 Speaker 3: high gold prices as much. The output drop is because 52 00:02:27,400 --> 00:02:30,240 Speaker 3: of planned upgrades at some mines and lower productions at 53 00:02:30,240 --> 00:02:32,959 Speaker 3: two Minds jointly owned with Barrack casting a level of 54 00:02:33,080 --> 00:02:36,040 Speaker 3: shade at Barrack. They're not super happy about that production down. 55 00:02:36,760 --> 00:02:39,880 Speaker 3: That said, fourth quarter was strong and generated record earnings 56 00:02:39,880 --> 00:02:41,880 Speaker 3: and free cash flow for the period. 57 00:02:42,200 --> 00:02:45,680 Speaker 1: Moving from mining to drilling, disappointing results as well for Transocean. 58 00:02:46,520 --> 00:02:49,880 Speaker 3: That's right tick our rig Rag. Transocean shares are down 59 00:02:49,919 --> 00:02:53,640 Speaker 3: three percent in the pre market as the offshore oil 60 00:02:53,760 --> 00:02:58,120 Speaker 3: drilling specialist did it beat fourth quarter revenue, but operating 61 00:02:58,160 --> 00:03:01,240 Speaker 3: costs were higher than expected and push earnings per share 62 00:03:01,400 --> 00:03:04,680 Speaker 3: below what analysts were expecting, so that's weighing on the 63 00:03:04,680 --> 00:03:07,680 Speaker 3: shares of the morning. The first quarter guidance of a 64 00:03:07,720 --> 00:03:11,200 Speaker 3: billion dollars in revenue was greater than estimates. It also 65 00:03:11,280 --> 00:03:13,760 Speaker 3: indicates that top line for the whole year will be strong, 66 00:03:14,040 --> 00:03:16,960 Speaker 3: but we're still awaiting some details. This company reported in 67 00:03:17,000 --> 00:03:19,360 Speaker 3: the evening for their conference call is at nine o'clock 68 00:03:19,400 --> 00:03:21,320 Speaker 3: this morning New York Times, so definitely wanted to keep 69 00:03:21,320 --> 00:03:22,560 Speaker 3: an eye on throughout the trading day. 70 00:03:23,440 --> 00:03:27,480 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 71 00:03:27,560 --> 00:03:30,119 Speaker 2: us throughout the day for the latest roundup of companies 72 00:03:30,200 --> 00:03:33,280 Speaker 2: making news on Wall Street and for the latest market 73 00:03:33,320 --> 00:03:37,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 74 00:03:37,880 --> 00:03:41,360 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 75 00:03:41,440 --> 00:03:42,920 Speaker 2: the Bloomberg Business app.