1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:18,400 Speaker 1: We want to dig beneath the headlines and go to 5 00:00:18,440 --> 00:00:20,840 Speaker 1: some of the other movers that maybe kind of obscure 6 00:00:20,920 --> 00:00:22,799 Speaker 1: day in and day out. So for that, let's take a 7 00:00:22,800 --> 00:00:25,599 Speaker 1: look at some of the stocks on the move with Noura, 8 00:00:25,800 --> 00:00:27,800 Speaker 1: Melinda and Norah. You're going to get a started off 9 00:00:27,840 --> 00:00:29,840 Speaker 1: with AST space Mobile. 10 00:00:30,120 --> 00:00:32,919 Speaker 3: Yes, let's kick things off into space here, looking at 11 00:00:32,920 --> 00:00:36,480 Speaker 3: take your ASTs. That's AST space Mobile. As you pointed 12 00:00:36,520 --> 00:00:39,080 Speaker 3: out there, shares are really surging today, up as much 13 00:00:39,080 --> 00:00:42,000 Speaker 3: as twenty two percent but now pairing here. But it 14 00:00:42,080 --> 00:00:45,160 Speaker 3: is treating at its highest intrday level on record here, 15 00:00:45,479 --> 00:00:47,640 Speaker 3: and this is in particular after its signed an agreement 16 00:00:47,680 --> 00:00:51,240 Speaker 3: with Verizon to provide direct to C cellular connectivity we 17 00:00:51,479 --> 00:00:54,800 Speaker 3: needed for customers starting next year. Here, William Blair is 18 00:00:54,800 --> 00:00:56,840 Speaker 3: saying that the deal with Verizon is a quote unquote 19 00:00:56,840 --> 00:01:01,720 Speaker 3: competitive win over SpaceX Starlink of course, as and Space Mobile, 20 00:01:01,800 --> 00:01:06,240 Speaker 3: or as Space Mobile and Startlink here are really big competitors, 21 00:01:06,280 --> 00:01:10,640 Speaker 3: particularly in the idea towards space based cell phone connectivity. Essentially, 22 00:01:10,640 --> 00:01:12,080 Speaker 3: it means you can go anywhere in the world and 23 00:01:12,120 --> 00:01:15,920 Speaker 3: have connectivity, whether you're in the desert ocean. So we're 24 00:01:15,959 --> 00:01:19,680 Speaker 3: really seeing some continued competition here between these two companies. 25 00:01:19,760 --> 00:01:20,880 Speaker 2: So the stock is a two. 26 00:01:22,880 --> 00:01:26,760 Speaker 3: An A tair Wow ho a t air Yeah, people 27 00:01:26,760 --> 00:01:27,640 Speaker 3: betting on the future. 28 00:01:27,760 --> 00:01:30,320 Speaker 1: I guess it's a meme stock, right, I don't know. 29 00:01:30,920 --> 00:01:33,120 Speaker 3: I don't know if I would say necessarily a meme stock, 30 00:01:33,160 --> 00:01:35,360 Speaker 3: but I am seeing a lot of things percolating right 31 00:01:35,400 --> 00:01:38,000 Speaker 3: now as you think about those competitors that are coming 32 00:01:38,040 --> 00:01:41,360 Speaker 3: out here to challenge uh SpaceX Starlink. This is one 33 00:01:41,400 --> 00:01:44,240 Speaker 3: of the companies that you continued gains here for ass Midland, 34 00:01:44,280 --> 00:01:46,360 Speaker 3: Texas five and seventy eight employees. 35 00:01:46,400 --> 00:01:46,880 Speaker 1: How about that? 36 00:01:47,480 --> 00:01:47,720 Speaker 2: Wow? 37 00:01:47,960 --> 00:01:48,120 Speaker 3: Yeah? 38 00:01:48,120 --> 00:01:48,920 Speaker 2: All right? What else you got? 39 00:01:49,080 --> 00:01:52,000 Speaker 3: Also looking at elf Beauty moving over into the cosmetic space, 40 00:01:52,040 --> 00:01:55,280 Speaker 3: let's take your elf here. So essentially we are seeing 41 00:01:55,680 --> 00:01:58,240 Speaker 3: Morgan Stanley lifting the price target on this stock to 42 00:01:58,520 --> 00:02:02,040 Speaker 3: a Wall Street high here. Essentially they're pointing toward the 43 00:02:02,200 --> 00:02:04,960 Speaker 3: Road brand. They're seeing a lot of success there at Sephora. 44 00:02:05,280 --> 00:02:07,880 Speaker 3: Of course, we know Road is owned by Hailey Bieber, 45 00:02:08,280 --> 00:02:10,720 Speaker 3: wife of Justin Bieber there, So they are seeing a 46 00:02:10,760 --> 00:02:13,160 Speaker 3: lot of strength there apparently as it relates to her 47 00:02:13,200 --> 00:02:16,080 Speaker 3: brand that they're selling there at Sephora, the partnership she has. 48 00:02:16,760 --> 00:02:20,000 Speaker 1: And Nora, you're looking at FICO and I feel like 49 00:02:20,120 --> 00:02:22,680 Speaker 1: we've been talking about Fyco a lot lately, and now 50 00:02:22,720 --> 00:02:25,079 Speaker 1: there's a price word taking place between it and some 51 00:02:25,200 --> 00:02:27,040 Speaker 1: of the other credit providers. 52 00:02:27,160 --> 00:02:30,800 Speaker 3: Can't stop won't score providers. Yeah, fair fair so fair Isaac. 53 00:02:30,840 --> 00:02:34,280 Speaker 3: Of course, ticker FICO shares are pointing lower, down as 54 00:02:34,360 --> 00:02:36,880 Speaker 3: much as more than five percent in trading in this 55 00:02:37,000 --> 00:02:39,799 Speaker 3: after Equifax said that Vantage Score four point zero, that 56 00:02:39,919 --> 00:02:42,720 Speaker 3: service there will offer mortgage credit scores at four dollars 57 00:02:42,760 --> 00:02:45,000 Speaker 3: and fifty cent through the end of twenty twenty seven. 58 00:02:45,280 --> 00:02:46,840 Speaker 3: So it's really been a back and forth between the 59 00:02:46,880 --> 00:02:49,600 Speaker 3: publicly traded company that we all know, FICO versus the 60 00:02:50,000 --> 00:02:53,440 Speaker 3: private emerging competitor here, Vantage Score, which is actually backed 61 00:02:53,520 --> 00:02:58,560 Speaker 3: by Equifax, Experience here and the others. So really are 62 00:02:58,600 --> 00:03:00,440 Speaker 3: seeing a bit of a battle here between the two 63 00:03:00,520 --> 00:03:02,799 Speaker 3: companies to see who can kind of be at more 64 00:03:03,120 --> 00:03:06,560 Speaker 3: appealing here for customers. And so essentially you are seeing 65 00:03:06,600 --> 00:03:10,000 Speaker 3: shares of FCO falling here, especially as Equifax is saying 66 00:03:10,040 --> 00:03:13,520 Speaker 3: that Advantage Scores service should be about fifty percent cheaper 67 00:03:13,600 --> 00:03:15,000 Speaker 3: than what Fico's currently offering. 68 00:03:16,440 --> 00:03:20,400 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 69 00:03:20,560 --> 00:03:23,079 Speaker 2: us throughout the day for the latest roundup of companies 70 00:03:23,200 --> 00:03:26,240 Speaker 2: making news on Wall Street and for the latest market 71 00:03:26,320 --> 00:03:30,760 Speaker 2: moving headlines. 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