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 --> 00:00:15,840 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,520 --> 00:00:17,880 Speaker 3: Let's take a look at some of the stocks on 5 00:00:17,920 --> 00:00:20,319 Speaker 3: the move today. We're joined by Bloomberg's Billy Lipschutz Billy, 6 00:00:20,320 --> 00:00:20,759 Speaker 3: what are you looking at? 7 00:00:20,880 --> 00:00:24,439 Speaker 1: Yeah, let's start with defense stocks. Lockheed Martin in particular 8 00:00:24,600 --> 00:00:27,880 Speaker 1: ticker LMT right now up more than seven percent, and 9 00:00:27,920 --> 00:00:30,960 Speaker 1: looking across in S and P five hundred index, you've 10 00:00:31,000 --> 00:00:33,800 Speaker 1: got strength for Northrop Grounding up more than nine percent, 11 00:00:34,240 --> 00:00:37,160 Speaker 1: Huntington Ingles up about nine percent, as well as Althrey 12 00:00:37,200 --> 00:00:39,479 Speaker 1: Harris up closer to six point eight percent. That index 13 00:00:39,720 --> 00:00:41,879 Speaker 1: as trading at an all time high. That ticker is 14 00:00:42,000 --> 00:00:45,880 Speaker 1: S five A E r o X wire. Defense stocks 15 00:00:45,960 --> 00:00:48,360 Speaker 1: up well. They were down yesterday on a Trump truth 16 00:00:48,400 --> 00:00:51,919 Speaker 1: social post basically bashing dividends and buybacks, wanting to put 17 00:00:51,920 --> 00:00:56,600 Speaker 1: a cap on compensation for executives. Will now President Trump 18 00:00:57,120 --> 00:01:01,360 Speaker 1: announcing yesterday evening after the market close, also on social media, 19 00:01:01,400 --> 00:01:04,120 Speaker 1: saying that they planned to request an increase in the 20 00:01:04,160 --> 00:01:08,000 Speaker 1: US military budget by fifty percent to one point five 21 00:01:08,360 --> 00:01:10,440 Speaker 1: trillion dollars in twenty twenty seven, so that'd be a 22 00:01:10,480 --> 00:01:13,440 Speaker 1: five hundred billion dollar increase. Just looking through the analyst 23 00:01:13,480 --> 00:01:17,039 Speaker 1: notes this morning, a lot of gives and takes. Newsflow 24 00:01:17,040 --> 00:01:19,440 Speaker 1: from the White House seemingly changes every hour, and kind 25 00:01:19,440 --> 00:01:22,000 Speaker 1: of the positioning around what this could look like, even 26 00:01:22,040 --> 00:01:24,760 Speaker 1: if you listen to a number of the cell side 27 00:01:24,760 --> 00:01:26,919 Speaker 1: analysts who come out and say, all right, five hundred 28 00:01:26,959 --> 00:01:30,399 Speaker 1: sounds ambitious, even if it's magnitude smaller that on the 29 00:01:30,440 --> 00:01:33,880 Speaker 1: margin should benefit these companies. And also diving into the 30 00:01:33,880 --> 00:01:36,600 Speaker 1: weakness that we saw across the group yesterday on the 31 00:01:36,680 --> 00:01:40,240 Speaker 1: kind of potential cap or limit around dividends and buybacks. Well, 32 00:01:40,360 --> 00:01:44,640 Speaker 1: maybe this turns into the administration using kind of the 33 00:01:44,680 --> 00:01:48,240 Speaker 1: potential spending to encourage companies to deliver faster, and that 34 00:01:48,400 --> 00:01:51,000 Speaker 1: will actually limit the buybacks and dividends, not kind of 35 00:01:51,000 --> 00:01:53,040 Speaker 1: an outright ban, which was the initial kind of knee 36 00:01:53,080 --> 00:01:55,520 Speaker 1: jerk reaction. You're talking about four dimensional chest there failing 37 00:01:56,840 --> 00:01:59,720 Speaker 1: a lot of details. Again, it changed. JP Morgan's note 38 00:02:00,200 --> 00:02:02,400 Speaker 1: to just summarize this morning was essentially like we could 39 00:02:02,440 --> 00:02:04,280 Speaker 1: spend a lot of time discussing this, but by the 40 00:02:04,280 --> 00:02:07,200 Speaker 1: time we do, it'll change again. So like high level. 41 00:02:07,840 --> 00:02:11,400 Speaker 1: Defense stocks are backup. They were down yesterday expectations that 42 00:02:11,440 --> 00:02:15,360 Speaker 1: there could be a huge unlocking of government spending for 43 00:02:15,400 --> 00:02:17,680 Speaker 1: the defense budget. And even if one analyst put it, 44 00:02:18,160 --> 00:02:21,200 Speaker 1: the world's not safer, so buy stocks, all right. 45 00:02:21,400 --> 00:02:22,920 Speaker 3: Costallation brands right. 46 00:02:23,080 --> 00:02:25,920 Speaker 1: Yeah, Constellation brands stick are stz right now up more 47 00:02:26,000 --> 00:02:28,720 Speaker 1: than seven percent. At one point was having its best 48 00:02:28,760 --> 00:02:32,480 Speaker 1: day since twenty twenty. This is the maker of Modello 49 00:02:32,639 --> 00:02:36,800 Speaker 1: and Corona, beating expectations in terms of EPs and net 50 00:02:36,840 --> 00:02:39,320 Speaker 1: sales for the third quarter, reaffirming their full year forecast. 51 00:02:39,440 --> 00:02:42,240 Speaker 1: It seems like people are buying beer. So beer, according 52 00:02:42,240 --> 00:02:45,639 Speaker 1: to some analysts, maybe a bit softer than some bulls 53 00:02:45,680 --> 00:02:47,600 Speaker 1: had been expecting. But when you look at the trends 54 00:02:47,639 --> 00:02:49,919 Speaker 1: improving towards the end of last year and looking into 55 00:02:49,919 --> 00:02:52,120 Speaker 1: twenty twenty six as a whole, it does seem like 56 00:02:52,160 --> 00:02:54,880 Speaker 1: there's still with some spending. Obviously, there's been so much 57 00:02:54,919 --> 00:02:57,280 Speaker 1: of a debate around consumer spending, people wanting to buy 58 00:02:57,280 --> 00:03:00,400 Speaker 1: alcohol or drink alcohol drive January. But it's like this 59 00:03:00,440 --> 00:03:02,160 Speaker 1: is a big win for a constellation all right. 60 00:03:02,200 --> 00:03:04,040 Speaker 3: And you're also keeping an eye on what's happening with 61 00:03:04,120 --> 00:03:04,760 Speaker 3: Warner Brothers. 62 00:03:04,919 --> 00:03:08,360 Speaker 1: Yeah, another update Paramount reaffirming their thirty dollars share offer. 63 00:03:08,400 --> 00:03:10,200 Speaker 1: So this is going back and forth, back and forth, 64 00:03:10,280 --> 00:03:13,880 Speaker 1: take your WBD, not really moving too much, but again 65 00:03:14,320 --> 00:03:16,560 Speaker 1: Warner Brothers leaning into the idea that their thirty dollars 66 00:03:16,600 --> 00:03:19,480 Speaker 1: share offer is superior to the Netflix offer, which is 67 00:03:19,480 --> 00:03:21,799 Speaker 1: twenty seven to seventy five per share in cash and stock. 68 00:03:22,600 --> 00:03:25,120 Speaker 1: Where does this end? I don't think anyone really knows, 69 00:03:25,200 --> 00:03:27,480 Speaker 1: but it does seem like headlines continue to cross the screen, 70 00:03:27,520 --> 00:03:29,960 Speaker 1: so certainly a situation will continue to monitor, but again 71 00:03:30,040 --> 00:03:32,440 Speaker 1: not really seeing a huge reaction in any of those shares, 72 00:03:32,520 --> 00:03:34,480 Speaker 1: but certainly something that the top of mind for investors. 73 00:03:34,800 --> 00:03:36,520 Speaker 3: That was kind of a nothing burger kind of lane 74 00:03:36,600 --> 00:03:38,200 Speaker 3: kind of disappointment. I thought this would have been a 75 00:03:38,240 --> 00:03:40,320 Speaker 3: time to raise the price, But I guess they're going 76 00:03:40,360 --> 00:03:41,880 Speaker 3: to play the long game here, so we'll just have 77 00:03:41,920 --> 00:03:42,160 Speaker 3: to wait. 78 00:03:42,160 --> 00:03:45,320 Speaker 1: Didn't David Ellison say that that was not their final 79 00:03:45,360 --> 00:03:45,880 Speaker 1: final offer? 80 00:03:45,960 --> 00:03:47,920 Speaker 3: So what are they waiting for? I think they're just 81 00:03:47,960 --> 00:03:50,440 Speaker 3: they don't want to goo shit against themselves. I'm sure 82 00:03:50,440 --> 00:03:53,080 Speaker 3: there's tons of conversations going to all the parties, but 83 00:03:53,400 --> 00:03:53,839 Speaker 3: you're right. 84 00:03:53,920 --> 00:03:54,760 Speaker 1: I thought, like the. 85 00:03:54,720 --> 00:03:57,400 Speaker 3: Next announcement we would have heard. Today's, for example, would 86 00:03:57,400 --> 00:03:59,720 Speaker 3: have been this is our best and final. 87 00:04:00,320 --> 00:04:02,040 Speaker 1: There were just some interesting worrying, you know, on the 88 00:04:02,080 --> 00:04:04,400 Speaker 1: press release that the bids one hundred percent cash and 89 00:04:04,920 --> 00:04:09,280 Speaker 1: definitionally completely certain, So like trying to position that all right, well, 90 00:04:09,320 --> 00:04:11,760 Speaker 1: the funding is actually secured and we can really get 91 00:04:11,760 --> 00:04:14,680 Speaker 1: this deal done. Maybe not on Netflix, but odd I 92 00:04:14,720 --> 00:04:16,080 Speaker 1: would say. 93 00:04:16,920 --> 00:04:21,160 Speaker 2: The Stockmovers report from Bloomberg Radio. 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