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 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg Stan Curtis on a
Speaker 1: mostly lower Friday morning, but don't tell that to investors.
Speaker 1: In Applied Materials, Dan, good morning.
Speaker 3: Good morning, Nathan. Yeah, it's Friday, so you might as
Speaker 3: well start off with something in the green. That's Applied Materials,
Speaker 3: the semiconductor manufacturer. Those shares are up twelve percent in
Speaker 3: the pre market. That's after the company beat both top
Speaker 3: and bottom line estimates for the fiscal first quarter, and
Speaker 3: it's projecting revenue for this quarter of about seven point
Speaker 3: seven billion dollars. That's ten percent higher than estimates to
Speaker 3: beat beat, and it's also giving strong guidance. A lot
Speaker 3: of this is coming from that AI capex feedbrough that
Speaker 3: we've been talking about. So those companies spending hundreds of
Speaker 3: billions of dollars on building out AI infrastructure this year,
Speaker 3: and that's also benefiting the memory chip demand, So Applied
Speaker 3: Materials benefiting from that. It sees semiconductor equipment specifically growing
Speaker 3: twenty percent this year. So this is one of those
Speaker 3: clear AI winners this morning, up eleven twelve percent right now.
Speaker 1: And the biggest gainer this morning in the pre market. Rivian,
Speaker 1: of all companies ev maker actually doing well.
Speaker 3: That's right, and we just talked about, you know, just
Speaker 3: a week or two, a week or two ago, we
Speaker 3: were talking about Stillant's writing down billions of dollars that
Speaker 3: followed four GM. In general, EV's have been under pressure.
Speaker 3: So this morning Rivian up twenty percent. That's definitely catching
Speaker 3: my eye as the space has been under a lot
Speaker 3: of pressure. So Rivian itself better than expected fourth quarter results.
Speaker 3: It made its first full year gross profit ever at
Speaker 3: one hundred and forty four million dollars, so just the
Speaker 3: gros gross profit turning positive. It expects to sell sixty
Speaker 3: two to sixty seven thousand cars this year and that
Speaker 3: includes the new art which is the lower priced SUV,
Speaker 3: so it's getting in something that it's a little bit
Speaker 3: cheaper onto market and those that guidance really boosting that
Speaker 3: stock again, up twenty percent in pre market, really standing
Speaker 3: out in a space that's been under pressure a lot.
Speaker 1: And we got some earnings from a couple of travel names,
Speaker 1: and it's a couple of different stories here, Dan.
Speaker 3: Yeah, So I'm looking at both Expedia which is down
Speaker 3: six percent, and Airbnb, which is up five percent, And
Speaker 3: this actually seems to come back to the IAI trade.
Speaker 3: So Expedia fasted fourth quarter revenue growth in three years,
Speaker 3: first quarter sales and bookings view better than estimates. Those
Speaker 3: shares are down six percent. Airbnb also had a strong
Speaker 3: four Q also strong current guidance. Those shares are up
Speaker 3: five percent, and a lot of this comes down That
Speaker 3: seems to come down to the AI disruption trade. Airbnb
Speaker 3: has that direct link with hosts, so they are actually
Speaker 3: offering straight through to the host, so that they are
Speaker 3: connecting the host with the customers. Expedia is kind of
Speaker 3: a third party. They're a bit more of a middleman.
Speaker 3: So the market needed to see a little bit more
Speaker 3: to convince them that Expedia was not under threat from AI.
Speaker 3: So those shares are falling down today.
Speaker 1: And at our last thirty seconds stand, you're closing us
Speaker 1: out with the biggest decliner in the pre market. Pinterest,
Speaker 1: that's right.
Speaker 3: So Pinterest projecting first quarter sales below estimates, that's on
Speaker 3: top of lower than expected holiday sales. It comes weeks
Speaker 3: after the company laid off hundreds of workers, so those
Speaker 3: shares are down over twenty percent in the pre market
Speaker 3: right now. The company makes money from ads, particularly home furnishing.
Speaker 3: That sector has been hard from by tariffs, so those
Speaker 3: companies that typically advertise have been reducing their ads bedding,
Speaker 3: so those shares down twenty percent.
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