1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:17,040 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,560 --> 00:00:17,840 Speaker 1: Take a look at some of the stocks on the 5 00:00:17,840 --> 00:00:20,520 Speaker 1: move today. We can do that with Bloomberg's Billy Lipschaltz. 6 00:00:20,520 --> 00:00:21,479 Speaker 2: Billy, what are you looking at today? 7 00:00:21,520 --> 00:00:24,000 Speaker 1: Yeah, we're looking at a flat S and P five hundred, 8 00:00:24,040 --> 00:00:26,079 Speaker 1: But as you mentioned, plenty going on under the surface. 9 00:00:26,120 --> 00:00:30,080 Speaker 1: Want to start with Cisco Systems ticker CSCO. I know 10 00:00:30,120 --> 00:00:31,280 Speaker 1: you guys are going to touch on it later in 11 00:00:31,280 --> 00:00:34,199 Speaker 1: the show, but down right now about ten percent. This 12 00:00:34,280 --> 00:00:37,559 Speaker 1: comes after headline earnings pretty darn good, but when you 13 00:00:37,560 --> 00:00:41,800 Speaker 1: look under the surface margin outlook week, BI analysts saying 14 00:00:42,400 --> 00:00:44,880 Speaker 1: that they expect the company to have to mitigate further 15 00:00:44,960 --> 00:00:47,880 Speaker 1: margin erosion. We saw Bank of America coming out saying 16 00:00:47,920 --> 00:00:51,400 Speaker 1: that it's not only their overall memory prices but also 17 00:00:51,520 --> 00:00:53,080 Speaker 1: the mix. Do you want to just call out though, 18 00:00:53,080 --> 00:00:55,680 Speaker 1: that Cisco Systems before the print, yere to date was 19 00:00:55,800 --> 00:00:58,640 Speaker 1: up eleven percent. So on our equities desk we sometimes 20 00:00:58,640 --> 00:01:02,040 Speaker 1: call that price to perfection. So missing expectations, the buyside 21 00:01:02,040 --> 00:01:03,840 Speaker 1: will look for reasons to sell the stock, but you 22 00:01:03,880 --> 00:01:05,640 Speaker 1: never really want to see one of the bigger companies 23 00:01:05,760 --> 00:01:08,480 Speaker 1: in the SP five hundred down almost ten percent. It's 24 00:01:08,520 --> 00:01:11,920 Speaker 1: worst day since November twenty twenty three. The company started 25 00:01:11,959 --> 00:01:15,119 Speaker 1: by two Stanford professors who all they wanted to do 26 00:01:15,200 --> 00:01:17,960 Speaker 1: was send mushy love notes to each other over their computer. 27 00:01:18,120 --> 00:01:20,679 Speaker 1: This is my favorite part about talking Cisco when you're 28 00:01:20,680 --> 00:01:22,480 Speaker 1: on because it's the same story, but it's new to me. 29 00:01:22,600 --> 00:01:25,840 Speaker 2: It's right before, it's perfect. 30 00:01:25,920 --> 00:01:28,440 Speaker 1: It's like we planned it that way. What's next? Well, 31 00:01:28,480 --> 00:01:30,880 Speaker 1: you're talking about Valentine's Day, has love in the name 32 00:01:30,920 --> 00:01:35,880 Speaker 1: app love and ticker app down seventeen percent. This is 33 00:01:35,920 --> 00:01:38,560 Speaker 1: a company that has been under pressure given uncertainty around 34 00:01:38,600 --> 00:01:41,720 Speaker 1: the AI impact. Down forty three percent year to date. 35 00:01:41,760 --> 00:01:43,360 Speaker 1: That is your worst performing the S and P five 36 00:01:43,440 --> 00:01:46,920 Speaker 1: hundred Again, earning's not that bad. This is a company, though, 37 00:01:46,920 --> 00:01:49,760 Speaker 1: that uses mobile app marketing, so if you ever play 38 00:01:49,760 --> 00:01:51,920 Speaker 1: any of those games on your phone, they're typically the 39 00:01:52,000 --> 00:01:54,880 Speaker 1: one serving you those ads. So fourth quarter results an 40 00:01:54,880 --> 00:01:57,840 Speaker 1: outlook not that bad, but there's so much uncertainty around 41 00:01:57,840 --> 00:02:00,120 Speaker 1: AI disruption how it's going to impact the business. This 42 00:02:00,200 --> 00:02:02,880 Speaker 1: is a company that was under market selling pressure the 43 00:02:02,920 --> 00:02:03,639 Speaker 1: last few weeks. 44 00:02:03,760 --> 00:02:08,080 Speaker 2: It's also meme stock, right, or trades like a memestock. 45 00:02:08,200 --> 00:02:11,800 Speaker 1: A lot trades like a memestock. Its valuation is quite lofty. 46 00:02:11,840 --> 00:02:14,240 Speaker 1: We saw this company be one of the best performers 47 00:02:14,280 --> 00:02:15,800 Speaker 1: over the last few years. There was a lot of 48 00:02:15,800 --> 00:02:18,760 Speaker 1: potential excitement. We do also see about five percent of 49 00:02:18,760 --> 00:02:21,200 Speaker 1: this year is currently sold short, which is actually pretty 50 00:02:21,280 --> 00:02:23,720 Speaker 1: high given a stock is down almost fifty percent year 51 00:02:23,760 --> 00:02:25,680 Speaker 1: to date, so it does have a bit of that 52 00:02:25,760 --> 00:02:30,919 Speaker 1: retail trader flavor. But I would say at least trading 53 00:02:30,960 --> 00:02:34,920 Speaker 1: patterns recently less meat stock and more ouch. All right, 54 00:02:34,919 --> 00:02:38,480 Speaker 1: One more quick Equinix ticker EQIX. They're in the data 55 00:02:38,520 --> 00:02:41,720 Speaker 1: center space. Surprise, surprise, they beat expectations. Shares up more 56 00:02:41,720 --> 00:02:45,360 Speaker 1: than twelve percent year to date, up about twenty eight percent. 57 00:02:45,600 --> 00:02:49,000 Speaker 1: So as we continue to use open ai and xai 58 00:02:49,320 --> 00:02:51,919 Speaker 1: Anthropic to do our jobs, are also just create fun videos. 59 00:02:52,040 --> 00:02:55,840 Speaker 1: Data center capacity and demand really outstripping expectations. So Equinix 60 00:02:56,320 --> 00:02:58,360 Speaker 1: off to a hot start, providing a bit of a 61 00:02:58,400 --> 00:03:00,959 Speaker 1: boost to expectations for some of those private companies in 62 00:03:01,000 --> 00:03:04,680 Speaker 1: the data center space, which again have been challenged when 63 00:03:04,680 --> 00:03:06,800 Speaker 1: you look at their stock performance over the last eighteen months. 64 00:03:07,919 --> 00:03:12,160 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 65 00:03:12,200 --> 00:03:15,000 Speaker 2: throughout the day for the latest roundup of companies making 66 00:03:15,080 --> 00:03:18,680 Speaker 2: news on Wall Street and for the latest market moving headlines. 67 00:03:18,880 --> 00:03:22,920 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 68 00:03:22,960 --> 00:03:26,040 Speaker 2: dot com, and on Applecarplay and Android Auto with the 69 00:03:26,040 --> 00:03:27,440 Speaker 2: Bloomberg Business app.