Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg data.
Speaker 1: Take a look at some of the stocks on the
Speaker 1: move today. We can do that with Bloomberg's Billy Lipschaltz.
Speaker 2: Billy, what are you looking at today?
Speaker 1: Yeah, we're looking at a flat S and P five hundred,
Speaker 1: But as you mentioned, plenty going on under the surface.
Speaker 1: Want to start with Cisco Systems ticker CSCO. I know
Speaker 1: you guys are going to touch on it later in
Speaker 1: the show, but down right now about ten percent. This
Speaker 1: comes after headline earnings pretty darn good, but when you
Speaker 1: look under the surface margin outlook week, BI analysts saying
Speaker 1: that they expect the company to have to mitigate further
Speaker 1: margin erosion. We saw Bank of America coming out saying
Speaker 1: that it's not only their overall memory prices but also
Speaker 1: the mix. Do you want to just call out though,
Speaker 1: that Cisco Systems before the print, yere to date was
Speaker 1: up eleven percent. So on our equities desk we sometimes
Speaker 1: call that price to perfection. So missing expectations, the buyside
Speaker 1: will look for reasons to sell the stock, but you
Speaker 1: never really want to see one of the bigger companies
Speaker 1: in the SP five hundred down almost ten percent. It's
Speaker 1: worst day since November twenty twenty three. The company started
Speaker 1: by two Stanford professors who all they wanted to do
Speaker 1: was send mushy love notes to each other over their computer.
Speaker 1: This is my favorite part about talking Cisco when you're
Speaker 1: on because it's the same story, but it's new to me.
Speaker 2: It's right before, it's perfect.
Speaker 1: It's like we planned it that way. What's next? Well,
Speaker 1: you're talking about Valentine's Day, has love in the name
Speaker 1: app love and ticker app down seventeen percent. This is
Speaker 1: a company that has been under pressure given uncertainty around
Speaker 1: the AI impact. Down forty three percent year to date.
Speaker 1: That is your worst performing the S and P five
Speaker 1: hundred Again, earning's not that bad. This is a company, though,
Speaker 1: that uses mobile app marketing, so if you ever play
Speaker 1: any of those games on your phone, they're typically the
Speaker 1: one serving you those ads. So fourth quarter results an
Speaker 1: outlook not that bad, but there's so much uncertainty around
Speaker 1: AI disruption how it's going to impact the business. This
Speaker 1: is a company that was under market selling pressure the
Speaker 1: last few weeks.
Speaker 2: It's also meme stock, right, or trades like a memestock.
Speaker 1: A lot trades like a memestock. Its valuation is quite lofty.
Speaker 1: We saw this company be one of the best performers
Speaker 1: over the last few years. There was a lot of
Speaker 1: potential excitement. We do also see about five percent of
Speaker 1: this year is currently sold short, which is actually pretty
Speaker 1: high given a stock is down almost fifty percent year
Speaker 1: to date, so it does have a bit of that
Speaker 1: retail trader flavor. But I would say at least trading
Speaker 1: patterns recently less meat stock and more ouch. All right,
Speaker 1: One more quick Equinix ticker EQIX. They're in the data
Speaker 1: center space. Surprise, surprise, they beat expectations. Shares up more
Speaker 1: than twelve percent year to date, up about twenty eight percent.
Speaker 1: So as we continue to use open ai and xai
Speaker 1: Anthropic to do our jobs, are also just create fun videos.
Speaker 1: Data center capacity and demand really outstripping expectations. So Equinix
Speaker 1: off to a hot start, providing a bit of a
Speaker 1: boost to expectations for some of those private companies in
Speaker 1: the data center space, which again have been challenged when
Speaker 1: you look at their stock performance over the last eighteen months.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
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