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 3: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on a
Speaker 1: Friday morning where stocks look like you're you're going to
Speaker 1: rally once again.
Speaker 3: Accept for Netflix. Good morning Dan.
Speaker 4: Good morning Nathan. That's right. Netflix issued second quarter guidance
Speaker 4: that missed estimates that has shares tumbling over ten percent
Speaker 4: in the pre market, trading under ticker NFLX. Second quarter
Speaker 4: guidance came it was seventy eight cents a share, the
Speaker 4: estimate was eighty four cents of share. Revenue and operating
Speaker 4: income forecasts also in lighter than expected. This comes after
Speaker 4: the company boosted its ad free subscription plan by two
Speaker 4: dollars to twenty dollars bucks each in March. It's also
Speaker 4: the first earnings report since the company step back from
Speaker 4: the Warner Brothers bidding war so looking forward to what
Speaker 4: they're trying to do, The company said it's going to
Speaker 4: ramp up its sports program globally, including world Baseball Classics
Speaker 4: and expanding its relationship with NFL. They've been going in
Speaker 4: on the live events. I remember watching Alex Honold trying
Speaker 4: to free climb the building in Taipei and it was crazy.
Speaker 4: I mean, all that they had the Artemist two splash down.
Speaker 4: They've been really going in on this, So that's where
Speaker 4: they're looking for some growth. And then on top of all,
Speaker 4: on top of the guidance Smith, we also found out
Speaker 4: that co founder and chairman REDA. Hastings separately said he's
Speaker 4: stepping down. He's not going to stand for reelection in June.
Speaker 4: So shake up in management as well.
Speaker 1: Yeah, stepping away from Warner Brothers and read Hastings stepping
Speaker 1: away from the company itself. Yeah, a lot came out
Speaker 1: of those Netflix results. The most actively traded stock this morning,
Speaker 1: speaking of the overall rally, tell us what's going on
Speaker 1: with Microsoft.
Speaker 4: Microsoft share shares are up about one percent in pre
Speaker 4: market tick our MSFT. But it's not just about this morning,
Speaker 4: it's about the week. The stock has gained over fourteen
Speaker 4: percent this week. It's set for the biggest weekly jump
Speaker 4: in over a decade. We're seeing this massive equity rally
Speaker 4: and we're also starting to see software as a group
Speaker 4: coming back. This bounce comes after Microsoft got caught up
Speaker 4: in the software concerns. Before this jump, the stock had
Speaker 4: fallen thirty three percent from October peak, wiping out nearly
Speaker 4: one point four trillion dollars in market cap. Today this week,
Speaker 4: investors really stepping in, buying it up up one percent
Speaker 4: pre market, fourteen percent on the week.
Speaker 3: Definitely want to keep an eye on oh.
Speaker 1: Moving back to the earnings theme, we didn't just hear
Speaker 1: from Netflix. We also got results from aluminum giant Alcoa,
Speaker 1: and it doesn't look like those are being received too
Speaker 1: well either.
Speaker 4: Dan No shares are down three percent in pre market
Speaker 4: under ticker AA. A while ago, this company actually started
Speaker 4: kicking off unofficially the S and P of five hundred
Speaker 4: earning season, but they've come out and the aluminum company
Speaker 4: is struggling to convert surging metal prices into performance. The
Speaker 4: largest US aluminum producer misstop and bottom line estimates despite
Speaker 4: the surgeon prices in the wake of the Iron War.
Speaker 4: ALCO's operations have been disrupted by this war and higher
Speaker 4: costs that they have faced have dragged on profits. And
Speaker 4: also Alco typically sells most of its illuminam which is
Speaker 4: key to smelting aluminum two plants in the Middle East,
Speaker 4: but it can't given the disruption. So shares are coming
Speaker 4: in still up about ten percent since the start of
Speaker 4: the war.
Speaker 1: And just quickly, Dan, you've got an energy stock on
Speaker 1: your list as well, and you got to help me
Speaker 1: out with this one.
Speaker 3: Is it ni Source? Nie Source, help me out?
Speaker 4: I've been saying Nisource, and I hope So that's right.
Speaker 4: Well we'll just make it that way for now until
Speaker 4: I get complaints. Ticker and I this is a smaller company,
Speaker 4: but Nisource. Those shares are up over three percent in
Speaker 4: the pre market. Is an Indiana utility provider and it's
Speaker 4: announced a long term agreement with a subsidiary of Alphabet
Speaker 4: to support large scale data center. Now these AI hyperscal
Speaker 4: are spending a lot on CAPEX and a lot of
Speaker 4: that is going to these utility companies energy providers. Nice
Speaker 4: also expanded its packed with Amazon data sources and this
Speaker 4: is generally a strong space in the morning. So there's
Speaker 4: another company, New Scale Power. They're looking into providing nuclear energy.
Speaker 4: Take our SMR up two percent in the pre market,
Speaker 4: so aipower.
Speaker 2: This stock movers report from Bloomberg Radio. Check back with
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