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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Jim Statvek along with Carol Masser. Let's take a

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Speaker 3: look at some stocks on the move today. We've got

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Speaker 3: Bloomberg News Markets, Live Strategies Tatiana Dare with today's stock movers.

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Speaker 3: Let's start with the big one.

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Speaker 4: Well, yeah, the biggest one. Apple shares down ten percent today.

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Speaker 4: It would mark the biggest move since March twenty twenty.

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Speaker 4: On a closing basis, it is down five hundred billion

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Speaker 4: dollars in market cap today and this is on very

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Speaker 4: high volumes, more than one hundred percent. It's streamlined. Average

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Speaker 4: investors are really punishing the company here for a lackluster revenue.

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Speaker 4: Guidance forecast to rise nine to eleven percent in the

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Speaker 4: fourth fiscal quarter and lists we're expect in twelve percent,

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Speaker 4: so a notable diverges there. And importantly, this will be

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Speaker 4: the debut quarter for the next typhones. There's a lot

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Speaker 4: of generous about the price points. Well, they have to

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Speaker 4: raise prices for that. You can see those when you

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Speaker 4: look at the gross margin estimates on the terminal. You

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Speaker 4: can see that data has been going up and up

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Speaker 4: and up, and now starting next quarter it is going down.

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Speaker 4: That tells the investors really really concerned about there. But

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Speaker 4: Apple is saying this is not a demand issue. It

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Speaker 4: is actually a supply issue because we can't get our

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Speaker 4: hands on those processors, on those memory chips. Nonetheless, investors

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Speaker 4: not really rewarding that. Part.

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Speaker 3: The bad news is I have to upgrade my iPhone thirteen.

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Speaker 3: Oh yeah, I do. I was trying to I was

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Speaker 3: trying to show Scarlett a text message yesterday. I couldn't

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Speaker 3: even open the phone. Seriously. Yeah, but I want to

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Speaker 3: wait until the new one comes out, because.

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Speaker 1: Yeah, right, at this point, you might just wait, right,

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Speaker 1: because it's not much longer. You know. It's wild. I'm

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Speaker 1: looking at the dees page on Apple, and yesterday before

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Speaker 1: earnings were touting how much the stock was up this

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Speaker 1: year and really outperforming. It was up more than twenty percent,

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Speaker 1: and now you're looking at a stock still up for

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Speaker 1: the year, up about eleven percent. But man, it's just

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Speaker 1: amazing twenty four hours or even less, the change.

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Speaker 3: That's part of the story, though, I think. I think

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Speaker 3: you're right, what is the performance that that Apple has

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Speaker 3: seen this year? And it shares and going into yesterday's

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Speaker 3: print and you know, it was the best performing of

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Speaker 3: the mag seven year today.

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Speaker 1: And the other thing is these guys are great on

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Speaker 1: their supply chain. That's historically kind of their breadth.

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Speaker 3: It cook does and cash call.

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Speaker 4: Let's now forget thirty two billion dollars in free cash fload.

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Speaker 4: That is more than all the hyperscalers combined with the

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Speaker 4: footprint that two of them reported negative cash flows. So

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Speaker 4: you're really only talking about Microsoft there.

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Speaker 1: So we talked about Amazon, the other one actually having

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Speaker 1: a very bullish day.

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Speaker 4: Well, you mentioned the Magnificent seven ranking. Actually if you

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Speaker 4: look at it here today now Amazon has a top

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Speaker 4: that has cleaned that top spot up about seventeen percent

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Speaker 4: year to date. With today's move, of course, they are

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Speaker 4: up fifteen percent just today and it's largest rally since

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Speaker 4: April twenty twelve on a closing basis. So what Apple

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Speaker 4: is losing a market gap? Amazon has almost.

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Speaker 1: An arct gifts the market take it away, as we

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Speaker 1: like to say.

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Speaker 4: Exactly revenue here nearly forty percent more than forty billion

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Speaker 4: at AWS, which generates a fifth of the company's revenue,

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Speaker 4: but right now is the biggest source of profit growth,

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Speaker 4: and this would mark the fastest pace of growth since

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Speaker 4: late twenty twenty one. And also the cloud posted accelerating

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Speaker 4: growth here for a fifth straight quarter or so. Investors

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Speaker 4: are really rewarding that, which helps these concerns that this

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Speaker 4: big cap ex plans, which they've also boosted for the

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Speaker 4: new year, are paying off. But curiously, they didn't do

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Speaker 4: that for Alphabet, right, Alphabet posted eighty percent growth for

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Speaker 4: that segment. For the cloud segment, Amazon's growth was lower

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Speaker 4: and Amazon's negative cash flow was steeper. So to me,

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Speaker 4: this is a conundrum.

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Speaker 3: All right, let's go to Novo Nordisk.

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Speaker 4: Yeah, outside of the tech space, and Novo Nordists here

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Speaker 4: are another big mover, down ten percent, the most since

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Speaker 4: February after its experimental drug failed to reduce the risk

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Speaker 4: of heart attacks in a large study. The shot reduced

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Speaker 4: the protein that it was targeting, but did not translate

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Speaker 4: into clinical significance. And this is a real blow for

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Speaker 4: this company as it's trying to diversify away from obesity

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Speaker 4: and the diabetes space, where it's been the pioneer. So

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Speaker 4: it really has been looking to diversify. If you look

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Speaker 4: at the stock and zoom out, it's clear why they

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Speaker 4: need to do.

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Speaker 1: That, so shares on the funds to build out that pipeline.

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Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 3: Mm hmm