Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's get to some stocks on the move on this Wednesday.
Speaker 1: We're joined by Bloomberg News Equities reporter A Natalia Kenny Javich.
Speaker 1: She joins us here in studios, So let's get to it.
Speaker 1: Tesla's on your.
Speaker 3: List, Tesla's on my list. It was one of the
Speaker 3: biggest outperformers today the takers, of course, Tsla the stock
Speaker 3: is up by three point three percent ahead of expected
Speaker 3: quarterly delivery numbers. Tesla is expect supposed to publish them tomorrow.
Speaker 3: Bloomberg compiled analysis from different analysts and it looks like
Speaker 3: Tesla delivered around four hundred and forty thousand vehicles globally.
Speaker 3: That would be a five percent drop of from a
Speaker 3: year ago. That would also be a third conc ecuative
Speaker 3: quarter of declines. However, that would still be better than
Speaker 3: a decline of thirteen percent that we saw in sales
Speaker 3: during the first six months of this year. Of course,
Speaker 3: many headwinds include the end of this consumer ev text credit,
Speaker 3: some backlash around Elanmusk's politics, and globally, we see that
Speaker 3: sales in China and Europe are moving down. However, guys,
Speaker 3: we should keep in mind that September might not be
Speaker 3: the best month to represent because we saw a big
Speaker 3: jump in TV sales as some customers wanted to buy
Speaker 3: electric vehicles ahead of this expiration of EV text credits.
Speaker 3: So anyway, we'll see how this plays out.
Speaker 4: Okay, Tesla on your list. Also on your list this afternoon,
Speaker 4: Neptune Insurance Holding, I saw this one moving today. We
Speaker 4: have some really cool reporting around what's happening here. Yes,
Speaker 4: so this is our household name. Yes, this is the
Speaker 4: IPO story.
Speaker 3: This is an insurance company, this is supposed to be
Speaker 3: and it is the six insurance company that went public
Speaker 3: this year. So we see a pretty big movement in
Speaker 3: this area. So shares jumped twenty four percent today. The
Speaker 3: IPO price was twenty dollars per share clothes at twenty
Speaker 3: four eighty the company raised almost three hundred and seventy
Speaker 3: million dollars. It gives it valuation of three point four
Speaker 3: billion dollars. So of course everyone uses AI right now.
Speaker 3: So for Neptune, the stories that has AI driven underwriting
Speaker 3: agent that scuants all possible quotes and give the best
Speaker 3: price in four customers. So we'll see how again. But
Speaker 3: insurance companies did pretty well after IPOs this year.
Speaker 1: I don't understand this. I have flat insurance, I have
Speaker 1: to have it. I have to have federal float insurance.
Speaker 1: I am curious about this one.
Speaker 4: I will say all point out I can buy.
Speaker 1: From these guys.
Speaker 3: They are not on the writers themselves, but they provide
Speaker 3: quotes and.
Speaker 1: Huh yeah, this so as a platform to connect you.
Speaker 3: Yeah so, but europ absolutely right. I didn't mention this
Speaker 3: is specifically for this niche. This is a flood insurance company.
Speaker 3: This is why they have this name.
Speaker 4: I will point our just listeners and viewers to the
Speaker 4: story that came out today Dylan Sloan writing about insurance
Speaker 4: executives who've become billionaires in the risky Florida market. It
Speaker 4: talks about a trio of insurance executives from two different
Speaker 4: companies who've minted billion dollar fortunes by betting big on
Speaker 4: a risk that few others are willing to touch, which
Speaker 4: is Florida's volatile property and casualty market. Check it out.
Speaker 1: Did they pay off when things go a straight Hey, yeah, okay, tbd, TBD.
Speaker 1: Let's get your third name.
Speaker 3: The third name is Fermi. This is another IPO story,
Speaker 3: the tickets Frmi. The stock is up by fifty four
Speaker 3: percent today. Again it's a very strong trading debut. The
Speaker 3: IPO price was twenty eight dollars per share close at
Speaker 3: thirty two point five. This is the Real invest Real
Speaker 3: Estate Investment Trust founded by the former US Secretary of
Speaker 3: n Rick Perry. So this is your AI infrastructure, real
Speaker 3: estate and power story. So we know that this company
Speaker 3: has data center campus and it hopes to of course
Speaker 3: get more hyperscalers and data center that could use their facilities.
Speaker 3: Expect to have one giggle out of power online by
Speaker 3: the end of next year, and then about eleven gig
Speaker 3: outs of power by twenty twenty three.
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