1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,600 --> 00:00:19,120 Speaker 1: Let's take a look at some stocks on the move 5 00:00:19,160 --> 00:00:21,400 Speaker 1: this week with US as Bloomberg News cross that reporter 6 00:00:21,840 --> 00:00:25,520 Speaker 1: Emily Graffea. Because even if the markets seem to be 7 00:00:25,640 --> 00:00:28,639 Speaker 1: business as usual ish, there's always something moving. 8 00:00:29,120 --> 00:00:31,680 Speaker 3: There is Today it happens to be one of the 9 00:00:31,720 --> 00:00:35,199 Speaker 3: biggest stocks, one of the most well known companies in 10 00:00:35,240 --> 00:00:37,960 Speaker 3: the US. It's Apple, down as much as five percent 11 00:00:38,600 --> 00:00:41,520 Speaker 3: right now, it's down about four percent. But the reason 12 00:00:41,560 --> 00:00:43,519 Speaker 3: why this stood out to me is because this was 13 00:00:43,560 --> 00:00:46,360 Speaker 3: a week of MAGS seven earnings and Apple's really the 14 00:00:46,360 --> 00:00:49,600 Speaker 3: only one that is in the red. And it's also 15 00:00:49,640 --> 00:00:51,960 Speaker 3: on a day when the NASTAC one hundred is almost 16 00:00:52,040 --> 00:00:55,000 Speaker 3: up two percent, like it's a blog based rally. And 17 00:00:55,080 --> 00:00:59,320 Speaker 3: yet none of that was enough to keep investors, I guess, 18 00:00:59,600 --> 00:01:02,880 Speaker 3: focus away from the fact that Apple said China sales 19 00:01:02,880 --> 00:01:06,679 Speaker 3: were disappointing. They're warned about the impact of tariffs. Tim 20 00:01:06,720 --> 00:01:09,880 Speaker 3: Cook said that US tariffs on foreign imports will add 21 00:01:09,959 --> 00:01:11,440 Speaker 3: nine hundred million in costs. 22 00:01:11,440 --> 00:01:12,160 Speaker 1: That's real money. 23 00:01:12,360 --> 00:01:13,759 Speaker 4: That's in the current period. 24 00:01:13,880 --> 00:01:15,640 Speaker 3: Yeah, I mean, that's like the market cap of some 25 00:01:15,760 --> 00:01:19,680 Speaker 3: other companies that sometimes we talk about here. And then 26 00:01:19,920 --> 00:01:23,280 Speaker 3: two rare downgrades coming today from Apple, Jeffrey's cutting the 27 00:01:23,280 --> 00:01:27,200 Speaker 3: stock to underperform and also Rosenblat Securities downgrading the stock 28 00:01:27,240 --> 00:01:31,400 Speaker 3: to neutral from buy, which is there's thirty five buys 29 00:01:31,480 --> 00:01:33,959 Speaker 3: right now on Apple's I was. 30 00:01:33,959 --> 00:01:35,200 Speaker 4: Trying to get at Mark Kerven was on. 31 00:01:35,240 --> 00:01:36,399 Speaker 5: I was trying to see if I could get a 32 00:01:36,400 --> 00:01:38,520 Speaker 5: sense here if there's like a new bearishness to this stuff. 33 00:01:38,520 --> 00:01:39,200 Speaker 4: There isn't. 34 00:01:39,720 --> 00:01:41,840 Speaker 3: Well, I mean maybe, yeah, I mean maybe there is. 35 00:01:42,640 --> 00:01:45,840 Speaker 1: I mean people don't do cells, yeah easily, and there 36 00:01:45,840 --> 00:01:47,760 Speaker 1: are four sales on this stock. 37 00:01:48,000 --> 00:01:51,480 Speaker 3: Yeah, yeah, I mean, but I agree with you. 38 00:01:51,520 --> 00:01:52,760 Speaker 2: There's studying against. 39 00:01:52,520 --> 00:01:56,960 Speaker 3: Apple long term. I think no proven not to be 40 00:01:57,120 --> 00:01:59,840 Speaker 3: wise depending on your time horizon. 41 00:02:00,640 --> 00:02:02,680 Speaker 1: It's only a three trillion dollar market cap only. 42 00:02:03,040 --> 00:02:05,160 Speaker 3: Yeah, I mean some of these some of these price targets, 43 00:02:05,160 --> 00:02:07,440 Speaker 3: they are for like one year ahead, So we did 44 00:02:07,440 --> 00:02:09,600 Speaker 3: have It's it's notable when you see people come out 45 00:02:09,639 --> 00:02:11,680 Speaker 3: and be bearish against Apple, because, like you said, the 46 00:02:11,680 --> 00:02:14,800 Speaker 3: consensus is typically pretty bullish. 47 00:02:14,840 --> 00:02:16,680 Speaker 4: Another stock on the move do a. 48 00:02:16,720 --> 00:02:22,840 Speaker 5: Lingo, Yeah, so the prominent language translation application. No, but 49 00:02:22,880 --> 00:02:24,720 Speaker 5: my kids use it, and they were sad when that 50 00:02:24,760 --> 00:02:28,680 Speaker 5: owl disappeared, like the owl right you always was shaming 51 00:02:28,720 --> 00:02:31,680 Speaker 5: them into not anyway, go ahead, sorry, well I digress. 52 00:02:31,800 --> 00:02:35,079 Speaker 3: The stock is up a ton right now, it's up 53 00:02:35,400 --> 00:02:40,200 Speaker 3: eighteen percent. And what was interesting is that they're growing 54 00:02:40,680 --> 00:02:43,840 Speaker 3: in part to their AI powered video call feature. So 55 00:02:43,880 --> 00:02:47,000 Speaker 3: I don't use Dulingo, but also a lot of friends do, 56 00:02:47,080 --> 00:02:49,040 Speaker 3: so I know that it's growing in popularity and you 57 00:02:49,080 --> 00:02:51,760 Speaker 3: can see that reflective in the earnings. But specifically this 58 00:02:51,919 --> 00:02:54,920 Speaker 3: AI video I actually looked up on YouTube, like what 59 00:02:55,160 --> 00:02:58,359 Speaker 3: is it? And you can converse with AI, so you know, 60 00:02:58,400 --> 00:03:00,640 Speaker 3: when you're trying to learn a language, Yeah, and like 61 00:03:00,680 --> 00:03:02,760 Speaker 3: you can't have anything that mimics. 62 00:03:02,480 --> 00:03:04,760 Speaker 1: We're going to really strange reality, but go ahead. 63 00:03:04,840 --> 00:03:07,600 Speaker 3: You can't have you can't mimic a real conversation. And 64 00:03:07,840 --> 00:03:10,560 Speaker 3: what comes how unpredictable people can be when you're actually 65 00:03:10,600 --> 00:03:14,040 Speaker 3: trying to speak to them in their native language. So 66 00:03:14,960 --> 00:03:20,040 Speaker 3: as right, this apt match using to simulate to kind 67 00:03:20,080 --> 00:03:22,880 Speaker 3: of simulate that, and they have this like sarcastic character 68 00:03:23,040 --> 00:03:25,320 Speaker 3: that you converse with and you have to like adapt 69 00:03:25,320 --> 00:03:26,200 Speaker 3: to its person. 70 00:03:26,280 --> 00:03:28,040 Speaker 4: Like his name is Tim stan. 71 00:03:29,639 --> 00:03:31,720 Speaker 2: Yeah, it's just a little. 72 00:03:31,639 --> 00:03:32,440 Speaker 3: Video that I saw. 73 00:03:32,560 --> 00:03:37,280 Speaker 1: It looked from the company Tim, he would really be into, 74 00:03:37,400 --> 00:03:41,200 Speaker 1: like I love this language. Well, now I know what 75 00:03:41,200 --> 00:03:43,800 Speaker 1: I'm going to do. Maybe this right, it's up almost 76 00:03:43,840 --> 00:03:44,960 Speaker 1: fifty percent this year. 77 00:03:45,680 --> 00:03:48,600 Speaker 3: Yeah, just a just a ton of growth, uh there. 78 00:03:48,640 --> 00:03:52,560 Speaker 3: Subscriptions for their highest priced tier grew, in part again 79 00:03:52,600 --> 00:03:55,480 Speaker 3: to that AI powered video feature. They now have ten 80 00:03:55,520 --> 00:03:57,200 Speaker 3: point three million paying subscribers. 81 00:03:57,280 --> 00:03:58,880 Speaker 1: What a great way to learn a language, right, Like 82 00:03:58,920 --> 00:04:00,840 Speaker 1: everybody's like the tapes and you say it and it's 83 00:04:00,920 --> 00:04:02,320 Speaker 1: like the tap the tapes. 84 00:04:02,440 --> 00:04:04,520 Speaker 3: Yeah right, that's so much easier, said. 85 00:04:07,200 --> 00:04:11,240 Speaker 1: Embarrassing me in the class block. Let's talk about. 86 00:04:11,000 --> 00:04:14,600 Speaker 3: Block Okay, so block shares very different than dueling. 87 00:04:14,640 --> 00:04:16,200 Speaker 5: Different story, different story. 88 00:04:16,200 --> 00:04:19,200 Speaker 3: Here down twenty percent right now, this is a digital 89 00:04:19,240 --> 00:04:22,400 Speaker 3: payments company. They actually had seen their biggest inter day 90 00:04:22,440 --> 00:04:26,880 Speaker 3: drop since March twenty twenty, but paired that drop just 91 00:04:26,920 --> 00:04:30,560 Speaker 3: a little bit, but it's still really down a lot. Today. 92 00:04:31,160 --> 00:04:33,520 Speaker 3: They have a cash app card spending unit, and you 93 00:04:33,560 --> 00:04:36,680 Speaker 3: can kind of read into the macro in these results. 94 00:04:36,680 --> 00:04:39,600 Speaker 3: So they said that the largest hit from spending came 95 00:04:39,640 --> 00:04:43,240 Speaker 3: from declines in discretionary spending, so people pulling back on 96 00:04:43,720 --> 00:04:48,720 Speaker 3: travel and media. People were still spending on essentials like 97 00:04:49,000 --> 00:04:52,160 Speaker 3: gas and groceries. What kind of signal is that telling 98 00:04:52,200 --> 00:04:55,279 Speaker 3: us a lot the economy? Right? You know, people aren't 99 00:04:55,320 --> 00:04:57,800 Speaker 3: going out and spending travel so that. 100 00:04:57,880 --> 00:05:02,160 Speaker 4: They are spending on language translation, learning language. I don't know, what. 101 00:05:04,520 --> 00:05:06,839 Speaker 1: Have you heard about the AI trade? 102 00:05:07,520 --> 00:05:07,840 Speaker 3: All? Right? 103 00:05:10,080 --> 00:05:10,839 Speaker 4: In any language? 104 00:05:10,920 --> 00:05:13,600 Speaker 3: Right? And Block also cut their gross profit guidance for 105 00:05:13,640 --> 00:05:16,040 Speaker 3: the full year, So that was kind of the headline 106 00:05:16,040 --> 00:05:17,120 Speaker 3: there to share. 107 00:05:16,960 --> 00:05:19,039 Speaker 4: The week and the several weeks that we've been through. 108 00:05:19,120 --> 00:05:21,200 Speaker 3: Yes, cutting the outlook or getting rid of it entirely. 109 00:05:21,560 --> 00:05:24,240 Speaker 1: Stock's down forty five percent today. Ouch a lot of 110 00:05:24,240 --> 00:05:26,720 Speaker 1: it because of today's move, Emily, Thank you. 111 00:05:28,320 --> 00:05:32,440 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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