1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:16,200 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,320 --> 00:00:17,639 Speaker 2: Let's take a look at some of the stocks on 5 00:00:17,640 --> 00:00:18,120 Speaker 2: the move today. 6 00:00:18,160 --> 00:00:21,279 Speaker 1: We're joined by Christine's Bloomer's Christina Kino. Christine, what are 7 00:00:21,280 --> 00:00:22,640 Speaker 1: you looking at today? Let's take a look at a 8 00:00:22,720 --> 00:00:24,960 Speaker 1: Vista whole biggest gainer in the S and P five 9 00:00:25,040 --> 00:00:28,360 Speaker 1: hundred to day so ticker VST. Those shares are up 10 00:00:28,520 --> 00:00:31,600 Speaker 1: more than thirteen percent, set for the biggest game since 11 00:00:31,680 --> 00:00:35,360 Speaker 1: April twenty twenty five, and that is because Meta is 12 00:00:35,400 --> 00:00:38,320 Speaker 1: in fact out with a deal to purchase electricity from 13 00:00:38,479 --> 00:00:42,199 Speaker 1: three existing Vistra plants. So Visits is actually part of 14 00:00:42,240 --> 00:00:44,960 Speaker 1: a bigger deal by Meta to purchase and just make 15 00:00:45,000 --> 00:00:48,080 Speaker 1: a lot of electricity deals with a bunch of providers, right, 16 00:00:48,159 --> 00:00:51,040 Speaker 1: and this is essentially their play to be the biggest 17 00:00:51,040 --> 00:00:55,040 Speaker 1: buyer of nuclear power among its hyperscalar peers. And you know, 18 00:00:55,120 --> 00:00:57,520 Speaker 1: we don't know actually what the agreements are worth, but 19 00:00:58,120 --> 00:01:01,440 Speaker 1: analysts are saying that this could easily represent billions of 20 00:01:01,520 --> 00:01:05,000 Speaker 1: dollars in total revenue for some of these electricity generators. 21 00:01:05,160 --> 00:01:07,600 Speaker 1: This is why we're seeing such a big increase in 22 00:01:07,640 --> 00:01:08,360 Speaker 1: the shares today. 23 00:01:08,480 --> 00:01:11,840 Speaker 2: Yeah, it's had a pretty volatile run this week, you know, 24 00:01:12,160 --> 00:01:15,840 Speaker 2: up four percent on Tuesday, down nine percent on Wednesday. 25 00:01:15,880 --> 00:01:17,320 Speaker 2: But for the week it's up about four percent. 26 00:01:17,440 --> 00:01:19,520 Speaker 1: Such as the Life of a Power Generator. 27 00:01:19,040 --> 00:01:20,920 Speaker 2: As well said all right, the next up on your list, 28 00:01:21,080 --> 00:01:21,559 Speaker 2: let's take. 29 00:01:21,440 --> 00:01:23,960 Speaker 1: Of like a GM that's not doing too well. Today's 30 00:01:23,959 --> 00:01:26,000 Speaker 1: it took her GM. Those shares are down four and 31 00:01:26,040 --> 00:01:29,320 Speaker 1: a half percent, and that is because the company continues 32 00:01:29,360 --> 00:01:32,759 Speaker 1: to take a hit on its evy investment. They said 33 00:01:32,920 --> 00:01:36,600 Speaker 1: that they will take another six billion dollars in charges 34 00:01:36,680 --> 00:01:40,960 Speaker 1: tied to production cutbacks in its electric vehicle and battery operations. 35 00:01:41,080 --> 00:01:43,440 Speaker 1: So we got that announcement yesterday actually, but the shares 36 00:01:43,440 --> 00:01:47,119 Speaker 1: are reacting today and that brings the total right downs 37 00:01:47,120 --> 00:01:50,920 Speaker 1: from GM's bed on battery electric cars to seven point 38 00:01:51,000 --> 00:01:55,320 Speaker 1: six billion dollars ouch. And again this just reflects the 39 00:01:55,360 --> 00:01:59,240 Speaker 1: broader challenging environment for electric vehicles. We do, of course, 40 00:01:59,320 --> 00:02:02,720 Speaker 1: know that President Donald Trum's administration has moved to eliminate 41 00:02:02,760 --> 00:02:06,720 Speaker 1: federal support for EV's The latest Texas spending bill, if 42 00:02:06,760 --> 00:02:10,320 Speaker 1: you recall scrapped seventy five one hundred dollars of federal 43 00:02:10,360 --> 00:02:13,519 Speaker 1: tax credits for EV buyers, and GM is feeling the 44 00:02:13,600 --> 00:02:18,760 Speaker 1: pain about Southwest Airlines Southwest Airlines ticker LUV, so that's 45 00:02:18,840 --> 00:02:21,040 Speaker 1: not doing too Shelley. This morning shares our of two 46 00:02:21,040 --> 00:02:22,920 Speaker 1: and a half percent at the moment. It got a 47 00:02:22,919 --> 00:02:26,080 Speaker 1: pair of upgrades a number of shops, so JP Morgan 48 00:02:26,360 --> 00:02:30,839 Speaker 1: raising that state recommendation on that stock to overwrate from 49 00:02:30,919 --> 00:02:35,040 Speaker 1: underway previously, and they're seeing an increase potentially in its 50 00:02:35,160 --> 00:02:38,120 Speaker 1: earnings per share guidance earning season coming out, so we're 51 00:02:38,160 --> 00:02:40,440 Speaker 1: going to be keeping an eye on that. So Squihanna 52 00:02:40,480 --> 00:02:43,440 Speaker 1: also raising a price target on the company to forty 53 00:02:43,440 --> 00:02:47,640 Speaker 1: five dollars from thirty five dollars previously. Current price is 54 00:02:47,720 --> 00:02:49,600 Speaker 1: forty four, but that implies about a. 55 00:02:51,120 --> 00:02:55,280 Speaker 2: A race, reports the Stock Mover's Report from Bloomberg Radio. 56 00:02:55,760 --> 00:02:57,919 Speaker 2: Check back with us throughout the day for the latest 57 00:02:57,960 --> 00:03:01,840 Speaker 2: roundup of companies making news on and for the latest 58 00:03:01,840 --> 00:03:06,040 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 59 00:03:06,080 --> 00:03:09,800 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 60 00:03:09,840 --> 00:03:11,800 Speaker 2: Auto with the Bloomberg Business app.