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: I'm Carol Masser Long with Tim Steneck.
Speaker 1: Let's get you some stocks on the move, and we
Speaker 1: have in the house of Carmen rhyin Agasey's Bloomberg News
Speaker 1: Equities Reporter.
Speaker 3: You're going to talk about Apple.
Speaker 2: We have to.
Speaker 4: I mean, it's one of the biggest stories in the
Speaker 4: after hours. So earnings beat pretty much across the board,
Speaker 4: especially on things that you know, investors were really looking for,
Speaker 4: so iPhone, iPad, revenue, China, which has been a big
Speaker 4: sort of line item for Apple.
Speaker 3: The shares are up, They've paired a little bit.
Speaker 4: They're up about one point three percent in the after
Speaker 4: hours right now.
Speaker 3: This is ticker AAPL.
Speaker 4: Apple has been one of the biggest laggards in the
Speaker 4: Meg seven this year. It was down seventeen percent at
Speaker 4: market close today, and you know, because it's one of
Speaker 4: the biggest companies in the SMP, it's not a huge drag.
Speaker 4: I mean, obviously we're still at you know, at our
Speaker 4: new record high. So all the other stocks are. You know,
Speaker 4: they're doing the work, but you know, getting this one
Speaker 4: sort of back in the game would be really great.
Speaker 1: Okay, shares Apple in the after hours ahead of the
Speaker 1: call where we're recording this set up about one point
Speaker 1: two percent. Amazon also one that you're watching in the
Speaker 1: after hours, given we just heard from the company as well.
Speaker 4: Yeah, so this one is not looking quite as good.
Speaker 4: It's down two point six percent right now, ticker am Z.
Speaker 4: And really here it's the guide I think that investors
Speaker 4: are reacting to the it's the operating profit for the
Speaker 4: third quarter. It's just less than you know, what investors
Speaker 4: wanted to see.
Speaker 3: Uh And it's really what.
Speaker 4: It's signaling is that there's a worry that Amazon is
Speaker 4: spending too much on AI and that it's cutting into.
Speaker 3: Their profit right.
Speaker 4: And so obviously spending on AI is a huge important
Speaker 4: thing that these companies need to be doing to be
Speaker 4: keeping up. But investors still want to see that return
Speaker 4: on investment. So Amazon dragging a little bit. It's up
Speaker 4: about six point seven percent today year to date, before
Speaker 4: before earnings or.
Speaker 3: In terms of pops after the market closed, just real
Speaker 3: quickly got about thirty seconds Reddit it is take your
Speaker 3: RDDT and it's up about fourteen percent. What's going on?
Speaker 4: Yeah, I wanted to talk about Reddit because this is
Speaker 4: a pretty big move. The company is also sort of
Speaker 4: an AI name because you know, a lot of llms or.
Speaker 3: Whatever use Reddit to train.
Speaker 4: So basically this the company reported its most profitable quarter
Speaker 4: it went public in twenty twenty four, projected third quarter
Speaker 4: quarter sales that beat expectations, and it really single signals
Speaker 4: strength of the advertising business. I think this is also
Speaker 4: really interesting coming after Meta. I was just saying the
Speaker 4: same thing. Definitely a tie there, So we're seeing that
Speaker 4: this is a place where you know, AI is really working.
Speaker 4: And Reddit was basically unchanged year to date at the close,
Speaker 4: so it should be a good a good story tomorrow morning.
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with
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