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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,479 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,480 --> 00:00:21,400 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Pritty Gupta on a 6 00:00:21,440 --> 00:00:25,480 Speaker 1: broadly positive Thursday morning. Pretty but when you look at 7 00:00:25,520 --> 00:00:28,680 Speaker 1: the individual stocks this morning, there are a lot of 8 00:00:28,800 --> 00:00:32,640 Speaker 1: big moves to the downside, particularly when it comes to 9 00:00:32,880 --> 00:00:36,559 Speaker 1: Eli Lilly. A lot of dynamics there. Good morning, Good. 10 00:00:36,360 --> 00:00:38,159 Speaker 3: Morning, Nathan. Yeah, leave it to me to throw a 11 00:00:38,159 --> 00:00:40,720 Speaker 3: little cold water on this up broad rally, but Eli 12 00:00:40,760 --> 00:00:42,919 Speaker 3: only is definitely one of them. You got to keep 13 00:00:42,920 --> 00:00:45,440 Speaker 3: an eye on. They're coming out with their earnings this morning. 14 00:00:45,479 --> 00:00:49,160 Speaker 3: Their full year revenue did come in hotter than expected 15 00:00:49,200 --> 00:00:51,080 Speaker 3: when it comes to those earnings pictures, but it's getting 16 00:00:51,159 --> 00:00:54,920 Speaker 3: overshadowed by the fact that their weight loss pill study 17 00:00:55,600 --> 00:00:58,760 Speaker 3: came in. They say highly affected, but only by eleven percent. 18 00:00:58,840 --> 00:01:02,520 Speaker 3: That is slightly less then the street was expecting when 19 00:01:02,560 --> 00:01:06,720 Speaker 3: it comes to that number. By by comparison with go V, 20 00:01:06,800 --> 00:01:09,440 Speaker 3: which of course is the Nova Nordisk offering, users lost 21 00:01:09,480 --> 00:01:12,080 Speaker 3: about fourteen to fifteen percent, So eleven percent coming in 22 00:01:12,160 --> 00:01:14,920 Speaker 3: short does not bear well for Eli Lilly shares, and 23 00:01:14,959 --> 00:01:17,560 Speaker 3: that's why you're seeing that a pretty decent sized move 24 00:01:17,959 --> 00:01:21,000 Speaker 3: in that stock. L Y is your ticker this morning. 25 00:01:21,000 --> 00:01:24,360 Speaker 3: Those shares down by some fourteen percent, trading about six 26 00:01:24,440 --> 00:01:26,840 Speaker 3: hundred and forty dollars a share six thirty nine now 27 00:01:26,959 --> 00:01:30,040 Speaker 3: and dropping. Like I said, as we speak, I'm going 28 00:01:30,080 --> 00:01:32,039 Speaker 3: to continue the doomsday, but I'll promise you I will 29 00:01:32,080 --> 00:01:33,600 Speaker 3: turn around the story and just a little. 30 00:01:33,560 --> 00:01:35,440 Speaker 1: Little bit we kind of have to write. 31 00:01:35,600 --> 00:01:37,440 Speaker 3: I know, it's the fun stuff. I don't blame me, 32 00:01:37,480 --> 00:01:41,440 Speaker 3: blame the market. Fortinite is your biggest drop in the 33 00:01:41,480 --> 00:01:44,080 Speaker 3: pre market this morning, though this is a juicy one. 34 00:01:44,319 --> 00:01:48,200 Speaker 3: FTNT is your ticker, down about twenty one percent, trading 35 00:01:48,200 --> 00:01:50,960 Speaker 3: at seventy six dollars a share. And I remember this 36 00:01:51,000 --> 00:01:53,400 Speaker 3: is one of the major cyber stocks we continue to 37 00:01:53,440 --> 00:01:55,600 Speaker 3: watch in terms of one the AI trade, but also 38 00:01:55,640 --> 00:01:57,960 Speaker 3: the geopolitics and the defense trade it as well. It 39 00:01:57,960 --> 00:02:00,440 Speaker 3: moves in line with Data Dog, it moves in line 40 00:02:00,920 --> 00:02:02,920 Speaker 3: with the likes of Pala also networks. Every time you 41 00:02:02,960 --> 00:02:05,720 Speaker 3: see one of those geopolitical headlines. Fortinet is actually one 42 00:02:05,720 --> 00:02:08,239 Speaker 3: of the stocks that move that being said their software update. 43 00:02:08,440 --> 00:02:11,680 Speaker 3: Excuse me, their software company gave an update when it 44 00:02:11,720 --> 00:02:14,880 Speaker 3: comes to their refresh cycle, and they're saying that actually 45 00:02:14,960 --> 00:02:19,280 Speaker 3: was fairly disappointing relative to the analyst expectations across the street, 46 00:02:19,280 --> 00:02:21,240 Speaker 3: to the point that you are seeing those shares drop 47 00:02:21,760 --> 00:02:24,960 Speaker 3: quite a bit, not only after market yesterday, but as 48 00:02:25,160 --> 00:02:28,399 Speaker 3: early even this morning as well. A series of downgrades 49 00:02:28,680 --> 00:02:31,760 Speaker 3: to follow when it comes to the stock. Morgan Stanley, 50 00:02:31,840 --> 00:02:35,360 Speaker 3: for example, is just one key bank is another really 51 00:02:35,440 --> 00:02:37,440 Speaker 3: saying that this is going to be a much smaller 52 00:02:37,480 --> 00:02:40,519 Speaker 3: catalyst when it comes to that refresh cycle than expected, 53 00:02:40,960 --> 00:02:43,160 Speaker 3: and kind of takes some of the momentum of a 54 00:02:43,160 --> 00:02:45,160 Speaker 3: lot of the hope that was built into the stock. 55 00:02:45,240 --> 00:02:49,720 Speaker 3: So FTNT down twenty one percent, seventy six dollars and 56 00:02:50,000 --> 00:02:53,280 Speaker 3: change for the shares. We'll just get one more negativity 57 00:02:53,280 --> 00:02:56,080 Speaker 3: one out of the way. Airbnb. I know, I know 58 00:02:56,120 --> 00:02:59,000 Speaker 3: you don't believe me. I promise Airbnb is the other one. 59 00:02:59,040 --> 00:03:02,320 Speaker 3: Those earnings came out out after the bell yesterday. Those 60 00:03:02,320 --> 00:03:04,320 Speaker 3: shares are reacting this morning down about six and a 61 00:03:04,360 --> 00:03:07,919 Speaker 3: half percent, trading at one hundred and twenty two dollars 62 00:03:08,000 --> 00:03:11,080 Speaker 3: a share. Now their third quarter revenue did come in 63 00:03:11,240 --> 00:03:14,200 Speaker 3: kind of being online with estimates, but their outlook was 64 00:03:14,280 --> 00:03:17,040 Speaker 3: a little bit worrying here. They're saying that the macroeconomic 65 00:03:17,080 --> 00:03:20,360 Speaker 3: uncertainty may be overshadowing some of their numbers, so really 66 00:03:20,400 --> 00:03:23,400 Speaker 3: keep an eye on that one. Let's go to some 67 00:03:23,440 --> 00:03:25,359 Speaker 3: of the upside movers though, because they are they're worth 68 00:03:25,440 --> 00:03:28,160 Speaker 3: hitting as well. Door Dash getting quite the move or 69 00:03:28,240 --> 00:03:30,720 Speaker 3: quite the bid, I should say this morning, to the 70 00:03:30,720 --> 00:03:35,080 Speaker 3: tune of over eight percent. Dash is your ticker there, 71 00:03:35,120 --> 00:03:37,320 Speaker 3: trading at about two hundred and eighty one dollars a 72 00:03:37,360 --> 00:03:40,760 Speaker 3: share and climbing as we speak. They're giving a fairly 73 00:03:40,840 --> 00:03:44,560 Speaker 3: rosy outlook when it comes to their delivery orders, hitting 74 00:03:44,600 --> 00:03:47,600 Speaker 3: a record by the way, to the point that they're 75 00:03:47,640 --> 00:03:50,560 Speaker 3: talking about not only beating the average, but a record 76 00:03:50,560 --> 00:03:52,640 Speaker 3: for the company as well. The average estimate was about 77 00:03:52,640 --> 00:03:55,080 Speaker 3: twenty three point eight billion, their upper range is about 78 00:03:55,080 --> 00:03:58,200 Speaker 3: twenty four point seven so that's a pretty big full 79 00:03:58,240 --> 00:04:01,320 Speaker 3: year forecast that they're giving. Not to mention some pretty 80 00:04:01,320 --> 00:04:04,200 Speaker 3: good commentary around the consumer in the United States, so 81 00:04:04,280 --> 00:04:07,120 Speaker 3: some positivity from DoorDash being reflected in those shares. Nathan. 82 00:04:08,640 --> 00:04:12,840 Speaker 2: This stockmover's report from Bloomberg Radio. 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