1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,120 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,640 --> 00:00:19,639 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,680 --> 00:00:22,680 Speaker 1: We are joined by Bloomberg's Valerie Titel on a morning 6 00:00:22,720 --> 00:00:25,320 Speaker 1: when a lot of big names have been reporting earnings 7 00:00:25,360 --> 00:00:28,639 Speaker 1: before the opening, BELLUNBA before we hear from Tesla after 8 00:00:28,680 --> 00:00:32,280 Speaker 1: the close. Let's start with Northrop Grumman. Pretty big miss here, 9 00:00:32,400 --> 00:00:33,559 Speaker 1: Good morning, yeah. 10 00:00:33,400 --> 00:00:36,720 Speaker 3: Pretty big miss from the defense company in Northrop. The 11 00:00:36,760 --> 00:00:39,680 Speaker 3: shares are down over eight percent so far in the 12 00:00:39,720 --> 00:00:42,120 Speaker 3: pre market. Now, this is one of the leading aerospace 13 00:00:42,159 --> 00:00:45,080 Speaker 3: and defense companies based out of Virginia. They have lowered 14 00:00:45,120 --> 00:00:48,040 Speaker 3: their full year guidance after their first quarter earnings came 15 00:00:48,080 --> 00:00:51,440 Speaker 3: in nearly half of what was expected. They did, whoever, 16 00:00:51,560 --> 00:00:54,840 Speaker 3: reform their twenty twenty five guidance for sales. Maybe that's 17 00:00:54,920 --> 00:00:57,240 Speaker 3: keeping the stock somewhat supported. But we are in the 18 00:00:57,280 --> 00:01:00,000 Speaker 3: red for Northrop, down eight and the quarter percent after 19 00:01:00,120 --> 00:01:02,520 Speaker 3: their first quarter earnings came in nearly half of what 20 00:01:02,600 --> 00:01:03,200 Speaker 3: was expected. 21 00:01:03,600 --> 00:01:08,200 Speaker 1: And we also heard from GE Aerospace formerly known as 22 00:01:08,840 --> 00:01:11,240 Speaker 1: I Guess Just Ge. 23 00:01:10,480 --> 00:01:13,319 Speaker 3: What's the latest there a bit more of a positive spin. 24 00:01:13,400 --> 00:01:15,640 Speaker 3: GE is up one point six percent in the pre 25 00:01:15,720 --> 00:01:19,440 Speaker 3: market trade after first quarter profits came in better than expected. 26 00:01:19,480 --> 00:01:22,440 Speaker 3: They affirmed their full year outlook and expected profits and 27 00:01:22,560 --> 00:01:25,759 Speaker 3: sales to grow this year. The guidance also takes into 28 00:01:25,840 --> 00:01:29,520 Speaker 3: account tariffs, but does not assume further escalation or a 29 00:01:29,560 --> 00:01:32,440 Speaker 3: global recession, and runs counter to some of the bigger 30 00:01:32,440 --> 00:01:35,440 Speaker 3: aviation companies that have been rattled by trade warfares in 31 00:01:35,440 --> 00:01:38,000 Speaker 3: the last few weeks. That's GE Aerospace on the upside 32 00:01:38,000 --> 00:01:39,000 Speaker 3: one point six percent. 33 00:01:39,280 --> 00:01:43,199 Speaker 1: And we got some interesting results from three M this morning, 34 00:01:43,240 --> 00:01:47,280 Speaker 1: coining a new phrase when it comes to impact of tariffs. 35 00:01:47,400 --> 00:01:49,800 Speaker 3: Yeah, this is three M. The shares are down nearly 36 00:01:49,840 --> 00:01:52,000 Speaker 3: one percent in pre market trade. They've coined a new 37 00:01:52,000 --> 00:01:57,720 Speaker 3: phrase called tariff's sensitivity, Nathan. They see a twenty twenty 38 00:01:57,760 --> 00:02:02,280 Speaker 3: five adjusted EPs tariff since activity of around twenty census 39 00:02:02,280 --> 00:02:05,600 Speaker 3: share to forty census share. It's really remarkable someone's able 40 00:02:05,600 --> 00:02:09,080 Speaker 3: to quantify the impact. Really quite fascinating. But three M 41 00:02:09,280 --> 00:02:12,200 Speaker 3: is a big US exporter, so they are particularly vulnerable 42 00:02:12,200 --> 00:02:15,200 Speaker 3: to retaliation. They did maintain their full year guidance and 43 00:02:15,240 --> 00:02:18,239 Speaker 3: also beat on adjusted EPs and sales numbers. That's three 44 00:02:18,360 --> 00:02:20,639 Speaker 3: m in the red, sinking a bit further down one 45 00:02:20,639 --> 00:02:21,680 Speaker 3: and a quarter percent. 46 00:02:21,760 --> 00:02:25,200 Speaker 1: Steering a little bit away from earnings. This morning, some 47 00:02:25,480 --> 00:02:28,360 Speaker 1: solar stocks are getting your attention as well. 48 00:02:28,560 --> 00:02:31,119 Speaker 3: Yeah, that's right, some of these US solar stocks really 49 00:02:31,160 --> 00:02:34,480 Speaker 3: gaining in the pre market. First Solar up seven seven 50 00:02:34,520 --> 00:02:39,120 Speaker 3: point three percent. Also, Solar Edge up three point seven percent. 51 00:02:39,200 --> 00:02:42,640 Speaker 3: These are American manufacturers of solar panels. This comes after 52 00:02:42,680 --> 00:02:46,160 Speaker 3: the US finalized plans to impose steep tariffs on most 53 00:02:46,160 --> 00:02:49,720 Speaker 3: solar cells imported from Southeast Asia on Monday. Now, this 54 00:02:49,800 --> 00:02:52,760 Speaker 3: is important because it's an aim at China after China 55 00:02:52,840 --> 00:02:57,040 Speaker 3: established factories across Southeast Asia in order to bypass previous tariffs. 56 00:02:57,880 --> 00:03:00,880 Speaker 3: China currently dominates around ninety percent of the solar supply chain. 57 00:03:01,000 --> 00:03:04,120 Speaker 3: So these US manufacturers are solar stocks getting a gain 58 00:03:04,200 --> 00:03:04,960 Speaker 3: in the pre market. 59 00:03:05,320 --> 00:03:09,960 Speaker 1: And let's talk about Tesla. See how they're doing before 60 00:03:10,000 --> 00:03:12,639 Speaker 1: they report their results after the close today. 61 00:03:13,000 --> 00:03:15,679 Speaker 3: Well, they rebounding a bit. Tesla is up nearly one 62 00:03:15,720 --> 00:03:18,880 Speaker 3: percent after it slid around six percent yesterday, was the 63 00:03:18,880 --> 00:03:21,880 Speaker 3: biggest decliner in the S and P five hundred actually yesterday, Nathan, 64 00:03:22,520 --> 00:03:26,040 Speaker 3: this is coming right before they are announcing earnings. After 65 00:03:26,040 --> 00:03:29,320 Speaker 3: the bell tonight, after an analyst, Dan Ives at Wedbush 66 00:03:29,320 --> 00:03:32,560 Speaker 3: Securities said that Tesla is facing a code red moment 67 00:03:32,600 --> 00:03:34,720 Speaker 3: as it prepares for these first corner ownings. 68 00:03:34,720 --> 00:03:40,080 Speaker 2: Released later today the Stock Movers podcast from Bloomberg Radio. 69 00:03:40,480 --> 00:03:42,840 Speaker 2: Check back with us throughout the day for the latest 70 00:03:42,880 --> 00:03:46,040 Speaker 2: roundup of companies making news on Wall Street and for 71 00:03:46,080 --> 00:03:50,000 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live, 72 00:03:50,400 --> 00:03:53,680 Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay 73 00:03:53,680 --> 00:03:56,280 Speaker 2: and Android Auto with the Bloomberg Business app.