1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:19,800 Speaker 1: Let's get to some stocks on the move on this Wednesday. 5 00:00:20,160 --> 00:00:23,959 Speaker 1: We're joined by Bloomberg News Equities reporter A Natalia Kenny Javich. 6 00:00:24,079 --> 00:00:27,760 Speaker 1: She joins us here in studios, So let's get to it. 7 00:00:27,960 --> 00:00:28,920 Speaker 1: Tesla's on your. 8 00:00:28,760 --> 00:00:30,920 Speaker 3: List, Tesla's on my list. It was one of the 9 00:00:30,960 --> 00:00:36,080 Speaker 3: biggest outperformers today the takers, of course, Tsla the stock 10 00:00:36,159 --> 00:00:39,120 Speaker 3: is up by three point three percent ahead of expected 11 00:00:39,200 --> 00:00:44,760 Speaker 3: quarterly delivery numbers. Tesla is expect supposed to publish them tomorrow. 12 00:00:44,960 --> 00:00:49,159 Speaker 3: Bloomberg compiled analysis from different analysts and it looks like 13 00:00:49,280 --> 00:00:54,040 Speaker 3: Tesla delivered around four hundred and forty thousand vehicles globally. 14 00:00:54,520 --> 00:00:56,800 Speaker 3: That would be a five percent drop of from a 15 00:00:56,880 --> 00:01:00,480 Speaker 3: year ago. That would also be a third conc ecuative 16 00:01:01,440 --> 00:01:04,720 Speaker 3: quarter of declines. However, that would still be better than 17 00:01:05,600 --> 00:01:08,839 Speaker 3: a decline of thirteen percent that we saw in sales 18 00:01:08,959 --> 00:01:11,640 Speaker 3: during the first six months of this year. Of course, 19 00:01:11,720 --> 00:01:15,440 Speaker 3: many headwinds include the end of this consumer ev text credit, 20 00:01:15,720 --> 00:01:19,360 Speaker 3: some backlash around Elanmusk's politics, and globally, we see that 21 00:01:19,760 --> 00:01:23,640 Speaker 3: sales in China and Europe are moving down. However, guys, 22 00:01:23,720 --> 00:01:26,720 Speaker 3: we should keep in mind that September might not be 23 00:01:26,800 --> 00:01:30,039 Speaker 3: the best month to represent because we saw a big 24 00:01:30,400 --> 00:01:34,160 Speaker 3: jump in TV sales as some customers wanted to buy 25 00:01:34,480 --> 00:01:37,840 Speaker 3: electric vehicles ahead of this expiration of EV text credits. 26 00:01:37,880 --> 00:01:40,040 Speaker 3: So anyway, we'll see how this plays out. 27 00:01:40,319 --> 00:01:44,880 Speaker 4: Okay, Tesla on your list. Also on your list this afternoon, 28 00:01:45,560 --> 00:01:48,880 Speaker 4: Neptune Insurance Holding, I saw this one moving today. We 29 00:01:48,960 --> 00:01:52,000 Speaker 4: have some really cool reporting around what's happening here. Yes, 30 00:01:52,000 --> 00:01:54,760 Speaker 4: so this is our household name. Yes, this is the 31 00:01:54,920 --> 00:01:55,880 Speaker 4: IPO story. 32 00:01:56,240 --> 00:01:58,360 Speaker 3: This is an insurance company, this is supposed to be 33 00:01:58,600 --> 00:02:02,080 Speaker 3: and it is the six insurance company that went public 34 00:02:02,120 --> 00:02:04,440 Speaker 3: this year. So we see a pretty big movement in 35 00:02:04,480 --> 00:02:09,280 Speaker 3: this area. So shares jumped twenty four percent today. The 36 00:02:09,320 --> 00:02:12,240 Speaker 3: IPO price was twenty dollars per share clothes at twenty 37 00:02:12,280 --> 00:02:15,840 Speaker 3: four eighty the company raised almost three hundred and seventy 38 00:02:16,400 --> 00:02:19,640 Speaker 3: million dollars. It gives it valuation of three point four 39 00:02:20,040 --> 00:02:23,320 Speaker 3: billion dollars. So of course everyone uses AI right now. 40 00:02:24,000 --> 00:02:28,000 Speaker 3: So for Neptune, the stories that has AI driven underwriting 41 00:02:28,240 --> 00:02:32,480 Speaker 3: agent that scuants all possible quotes and give the best 42 00:02:32,520 --> 00:02:36,920 Speaker 3: price in four customers. So we'll see how again. But 43 00:02:37,080 --> 00:02:40,560 Speaker 3: insurance companies did pretty well after IPOs this year. 44 00:02:41,040 --> 00:02:44,040 Speaker 1: I don't understand this. I have flat insurance, I have 45 00:02:44,120 --> 00:02:47,400 Speaker 1: to have it. I have to have federal float insurance. 46 00:02:48,000 --> 00:02:49,280 Speaker 1: I am curious about this one. 47 00:02:49,440 --> 00:02:51,359 Speaker 4: I will say all point out I can buy. 48 00:02:51,120 --> 00:02:51,920 Speaker 1: From these guys. 49 00:02:52,720 --> 00:02:55,480 Speaker 3: They are not on the writers themselves, but they provide 50 00:02:55,760 --> 00:02:56,920 Speaker 3: quotes and. 51 00:02:57,240 --> 00:03:00,160 Speaker 1: Huh yeah, this so as a platform to connect you. 52 00:03:00,280 --> 00:03:02,800 Speaker 3: Yeah so, but europ absolutely right. I didn't mention this 53 00:03:02,880 --> 00:03:06,080 Speaker 3: is specifically for this niche. This is a flood insurance company. 54 00:03:06,080 --> 00:03:07,720 Speaker 3: This is why they have this name. 55 00:03:08,240 --> 00:03:12,920 Speaker 4: I will point our just listeners and viewers to the 56 00:03:13,440 --> 00:03:16,000 Speaker 4: story that came out today Dylan Sloan writing about insurance 57 00:03:16,000 --> 00:03:18,960 Speaker 4: executives who've become billionaires in the risky Florida market. It 58 00:03:18,960 --> 00:03:21,360 Speaker 4: talks about a trio of insurance executives from two different 59 00:03:21,400 --> 00:03:24,600 Speaker 4: companies who've minted billion dollar fortunes by betting big on 60 00:03:24,639 --> 00:03:26,600 Speaker 4: a risk that few others are willing to touch, which 61 00:03:26,680 --> 00:03:31,320 Speaker 4: is Florida's volatile property and casualty market. Check it out. 62 00:03:31,320 --> 00:03:35,880 Speaker 1: Did they pay off when things go a straight Hey, yeah, okay, tbd, TBD. 63 00:03:36,640 --> 00:03:37,720 Speaker 1: Let's get your third name. 64 00:03:38,080 --> 00:03:41,280 Speaker 3: The third name is Fermi. This is another IPO story, 65 00:03:41,320 --> 00:03:45,240 Speaker 3: the tickets Frmi. The stock is up by fifty four 66 00:03:45,280 --> 00:03:48,600 Speaker 3: percent today. Again it's a very strong trading debut. The 67 00:03:48,600 --> 00:03:51,280 Speaker 3: IPO price was twenty eight dollars per share close at 68 00:03:51,400 --> 00:03:55,360 Speaker 3: thirty two point five. This is the Real invest Real 69 00:03:55,440 --> 00:03:59,640 Speaker 3: Estate Investment Trust founded by the former US Secretary of 70 00:03:59,840 --> 00:04:04,920 Speaker 3: n Rick Perry. So this is your AI infrastructure, real 71 00:04:05,040 --> 00:04:10,320 Speaker 3: estate and power story. So we know that this company 72 00:04:10,440 --> 00:04:15,960 Speaker 3: has data center campus and it hopes to of course 73 00:04:16,839 --> 00:04:21,520 Speaker 3: get more hyperscalers and data center that could use their facilities. 74 00:04:21,600 --> 00:04:24,960 Speaker 3: Expect to have one giggle out of power online by 75 00:04:24,960 --> 00:04:28,720 Speaker 3: the end of next year, and then about eleven gig 76 00:04:28,839 --> 00:04:30,960 Speaker 3: outs of power by twenty twenty three. 77 00:04:32,360 --> 00:04:36,360 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 78 00:04:36,440 --> 00:04:39,039 Speaker 2: us throughout the day for the latest roundup of companies 79 00:04:39,080 --> 00:04:42,200 Speaker 2: making news on Wall Street and for the latest market 80 00:04:42,240 --> 00:04:46,719 Speaker 2: moving headlines. 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