WEBVTT - Netflix Rises, Applovin Slumps, Intel Rises on Ratings Upgrade

0:00:02.520 --> 0:00:07.360
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:16.160
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.320 --> 0:00:18.159
<v Speaker 3>Let's take a look at some of the stocks on

0:00:18.280 --> 0:00:20.639
<v Speaker 3>the move here today on this selloff. We're joined by

0:00:20.680 --> 0:00:23.000
<v Speaker 3>Bloomberg's at Christina, Christina, what deal can I.

0:00:23.160 --> 0:00:25.239
<v Speaker 1>Well, we gotta take a look at Netflix, Paul Right,

0:00:25.320 --> 0:00:29.280
<v Speaker 1>so taker NFLXO. Those shares hire today up by one

0:00:29.320 --> 0:00:31.840
<v Speaker 1>point two percent, pairing some of those opening gains, but

0:00:31.920 --> 0:00:35.879
<v Speaker 1>still investors taking it as a positive that now Netflix

0:00:35.920 --> 0:00:39.240
<v Speaker 1>has amended its bid for Warner Brothers. They are now

0:00:39.440 --> 0:00:44.120
<v Speaker 1>offering an all cash agreement for the studio and streaming businesses.

0:00:44.200 --> 0:00:47.000
<v Speaker 1>So previously the agreement was twenty seven to seventy five

0:00:47.040 --> 0:00:50.519
<v Speaker 1>a share in cash and stock, which drew criticism from

0:00:50.520 --> 0:00:53.080
<v Speaker 1>their main rival, which is Paramounts Guidance. Right, that was

0:00:53.120 --> 0:00:56.320
<v Speaker 1>one of the main contention points that they were being

0:00:56.320 --> 0:00:59.440
<v Speaker 1>attacked on. And so now Netflix is amended zeal they're

0:00:59.440 --> 0:01:02.480
<v Speaker 1>going to pay all cash, and Netflix co CEO Ted

0:01:02.560 --> 0:01:06.240
<v Speaker 1>Sarando saying that the Warner Brothers board continues to support

0:01:06.280 --> 0:01:10.280
<v Speaker 1>and quote unanimously recommend their transactions. So I'm sure that

0:01:10.360 --> 0:01:13.039
<v Speaker 1>the Netflix earning squall after it close today is probably

0:01:13.040 --> 0:01:16.119
<v Speaker 1>going to be all about this, yes, guaranteed. All right.

0:01:16.200 --> 0:01:17.960
<v Speaker 1>Second on the list, let's take a look at app

0:01:18.000 --> 0:01:20.080
<v Speaker 1>love in today as well a scar so app Lovin

0:01:20.280 --> 0:01:23.280
<v Speaker 1>app those shares not doing too well today, down two

0:01:23.360 --> 0:01:26.800
<v Speaker 1>point seven percent. That is because they did see a

0:01:26.840 --> 0:01:30.560
<v Speaker 1>negative research report from Capital Watch. Now, Applevin actually has

0:01:30.640 --> 0:01:32.880
<v Speaker 1>been a target of short sellers prior to this, so

0:01:32.920 --> 0:01:37.480
<v Speaker 1>we've seen Fuzzy Panda cuppor Research both publishing short reports

0:01:37.520 --> 0:01:41.199
<v Speaker 1>against the company last year. Our bookly Intelligence analysts weighing

0:01:41.280 --> 0:01:45.240
<v Speaker 1>in those saying that apple Is fundamentals appear intact despite

0:01:45.480 --> 0:01:48.240
<v Speaker 1>the negative research report, and they say that fourth quarter

0:01:48.280 --> 0:01:51.840
<v Speaker 1>sales could be consensus given the early wins from its

0:01:51.880 --> 0:01:55.400
<v Speaker 1>AI driven ad tech tools e commerce launch, so we'll

0:01:55.400 --> 0:01:55.720
<v Speaker 1>see that.

0:01:55.920 --> 0:01:59.160
<v Speaker 3>Yeah, it stocked on sixteen percent this year, but on

0:01:59.240 --> 0:02:01.559
<v Speaker 3>a trailing twelve month basis is up over sixty percent.

0:02:01.640 --> 0:02:03.480
<v Speaker 3>So I didn't know how big this company was. One

0:02:03.520 --> 0:02:04.960
<v Speaker 3>hundred and ninety billion in market cap.

0:02:05.560 --> 0:02:06.600
<v Speaker 2>It's a big memestock.

0:02:06.720 --> 0:02:10.040
<v Speaker 1>Holy yeah, it was popular amongst the memes stock crowd

0:02:10.120 --> 0:02:11.839
<v Speaker 1>last year, hence the sixty plus percent.

0:02:13.000 --> 0:02:14.560
<v Speaker 3>Thanks all right, one more for us Intel.

0:02:14.680 --> 0:02:16.560
<v Speaker 1>Let's take a look at Intel. Yeah, so ticker I

0:02:16.880 --> 0:02:19.959
<v Speaker 1>n TC big winner today, up four point six percent

0:02:20.080 --> 0:02:23.000
<v Speaker 1>for those shares. It got double upgraded. So it got

0:02:23.080 --> 0:02:27.800
<v Speaker 1>upgraded at HBC two hold from reduced previously. HBC analysts

0:02:27.840 --> 0:02:32.120
<v Speaker 1>noting that their urgentic AI is driving upside to their

0:02:32.160 --> 0:02:36.280
<v Speaker 1>CPU demand, and it also received an upgrade to buy

0:02:36.320 --> 0:02:40.600
<v Speaker 1>from neutral at Seaport Global Security. So Ernie's doing Thursday

0:02:40.639 --> 0:02:43.760
<v Speaker 1>after the market clothes Bloomer Intelligences preview sites that they

0:02:43.800 --> 0:02:47.280
<v Speaker 1>are likely to deliver results in line with consensus, but

0:02:47.480 --> 0:02:51.120
<v Speaker 1>they're still expecting a company to stay with a conservative

0:02:51.240 --> 0:02:53.520
<v Speaker 1>outlook given all the supply coustrations.

0:02:54.040 --> 0:02:58.720
<v Speaker 2>So we'll see the stock mover's report from Bloomberg Radio.

0:02:59.200 --> 0:03:01.360
<v Speaker 2>Check back with us throughout the day for the latest

0:03:01.440 --> 0:03:04.600
<v Speaker 2>roundup of companies making news on Wall Street and for

0:03:04.720 --> 0:03:08.640
<v Speaker 2>the latest market moving headlines. Listen to Bloomberg Radio Live,

0:03:09.040 --> 0:03:12.640
<v Speaker 2>catch us on YouTube, Bloomberg dot com, and on Applecarplay

0:03:12.680 --> 0:03:15.240
<v Speaker 2>and Android Auto with the Bloomberg Business app.