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 3: I'm Jim Stenebeck along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today. We're joined
Speaker 3: by Bloomberg Television Markets correspondent Nora Melinda Noura. There is
Speaker 3: a lot moving in the afternow.
Speaker 4: Oh, I had so many to choose from today, very
Speaker 4: nice and a lot of them actually being in the
Speaker 4: tech space. I'm looking at shares of Nokia. They ended
Speaker 4: up about twenty two percent. This is the ADRs ticker
Speaker 4: in Okay, the best place since twenty twenty one. Of course,
Speaker 4: we know the stock was earlier halted for volatility. This
Speaker 4: is after the announcement that in Vidia will be investing
Speaker 4: one billion dollars in the company. Of course, this is
Speaker 4: all in a push toward AI networking here and this
Speaker 4: would give Nvidia a two point nine percent stake here
Speaker 4: in the company. But you definitely are seeing these shares
Speaker 4: ending higher and in video up about four point nine
Speaker 4: percent to end the day.
Speaker 1: Yeah, you definitely saw, I mean Nokia, the ADRs during
Speaker 1: the day when the news hit, like stop trading because
Speaker 1: we were waiting for that news to come out and
Speaker 1: then just shut up like a rocket. Let's go to
Speaker 1: one of the homebuilders that also reported results.
Speaker 4: Yes, not a pretty look here. So we did see
Speaker 4: shares that ended down three point two percent for Dr Horton.
Speaker 4: That's tack your DHI. This is after incentives or really
Speaker 4: pressuring margin margins. As we know a lot of the
Speaker 4: incentives in the home building space tend to be whether
Speaker 4: it's a rate buy down, making sure that the customer
Speaker 4: has a rate that's about maybe one percent or a
Speaker 4: half percentage point below what the general market rate is,
Speaker 4: or throwing in just some random incentives like a dishwasher
Speaker 4: things to make it a bit more appealing here for customers.
Speaker 4: But it seems as though this is all pressuring margins
Speaker 4: here for the company. And we did see S one
Speaker 4: to five home, which is the index at tracks all
Speaker 4: home builders more broadly, also falling on the day down
Speaker 4: about one person.
Speaker 3: I mean, Nora just has a love for home buildings.
Speaker 2: I do.
Speaker 4: I can't escape it.
Speaker 3: It's your DNA. That's what you covered before your Bloomberg
Speaker 3: Markets television correspondent bloom Television Markets. Correspondent, excuse me, okay,
Speaker 3: let's go to some more high tech.
Speaker 4: Yes, more high tech in focus. I'm keeping eyes on Corvo.
Speaker 4: That's Sticker Qvro and this is a thought that ended
Speaker 4: at its best day since April and its highest level
Speaker 4: in over a year. We did see shares up about
Speaker 4: five point seven percent. This is after Apple essentially is
Speaker 4: saying that they want to really invest in their own
Speaker 4: homegrown chips, and so you are seeing Corvo in a competitor,
Speaker 4: Skyworks Solutions, actually merging as they're trying to seek out
Speaker 4: certain opportunities for themselves to really benefit in this space.
Speaker 4: This would be a combination of about twenty two billion
Speaker 4: dollars here in value for these two companies here to
Speaker 4: be combined.
Speaker 1: The stock has been on a tear this year.
Speaker 4: Corvo absolutely about crazy. Yeah, yeah, I'm really seeing some
Speaker 4: strong gains here.
Speaker 3: Do we have time for any an a special guest,
Speaker 3: Let's do it.
Speaker 1: Let's do it.
Speaker 4: Looking at shares of PayPal, this is ticker pypl up
Speaker 4: on the day, up about three point nine percent, and
Speaker 4: this is after it raised its full year earnings guidance.
Speaker 4: But they did talk about the fact that they are
Speaker 4: seeing a pullback and particularly in terms of consumer spending here,
Speaker 4: so that's not been that they noted. But of course
Speaker 4: the headline here was the open ai deal. They're going
Speaker 4: to be embedding PayPal. It's into its wallet into Chat GPT,
Speaker 4: so PayPal's while to be embedded into Chat GPT, and
Speaker 4: you really are seeing the street really clearly taking a
Speaker 4: liking to this. It seems like open ai is striking
Speaker 4: a lot of deals as of late.
Speaker 1: All over the place, like kind of crazy crazy crazy,
Speaker 1: good stuck. Thank you as always, we appreciate it. Boberg
Speaker 1: TV Markets correspondent Nora Melinda joining us here with some
Speaker 1: of the stocks on the move.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.