1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,160 --> 00:00:18,599 Speaker 2: Let's think a look at some of those stocks on 5 00:00:18,640 --> 00:00:21,120 Speaker 2: the move. We are joined them by Bloombergs and its Setkova. 6 00:00:21,320 --> 00:00:23,920 Speaker 2: All right, let's kick it off with Meta. I mean 7 00:00:23,960 --> 00:00:24,880 Speaker 2: big tech delivered. 8 00:00:24,920 --> 00:00:29,040 Speaker 3: So far, big tech delivered amid very high macro uncertainty. 9 00:00:29,080 --> 00:00:32,479 Speaker 3: We're seeing what's happening with the data metas shares jump 10 00:00:32,560 --> 00:00:36,000 Speaker 3: as much as eight percent earlier steal the company despite 11 00:00:36,040 --> 00:00:38,760 Speaker 3: the macro certainties of more than four percent here today. 12 00:00:39,120 --> 00:00:41,839 Speaker 3: This of course comes on the back of very strong 13 00:00:42,360 --> 00:00:46,720 Speaker 3: earning reports and particularly advertising sales, something that everyone has 14 00:00:46,800 --> 00:00:50,199 Speaker 3: been looking at. Of course, the advertising business is very 15 00:00:50,200 --> 00:00:53,960 Speaker 3: important for Meta. It makes up ninety eight percent of 16 00:00:54,000 --> 00:00:58,400 Speaker 3: the company revenue. The company is obviously really increasing artificial 17 00:00:58,440 --> 00:01:02,520 Speaker 3: intelligent just spending, and of course this is where the 18 00:01:02,640 --> 00:01:05,440 Speaker 3: advertising business became so important, because it's the way to 19 00:01:05,480 --> 00:01:09,440 Speaker 3: fund it. The company reported forty two point three billion 20 00:01:09,480 --> 00:01:12,400 Speaker 3: in first quarter sales. This is about one billion higher 21 00:01:12,440 --> 00:01:15,840 Speaker 3: than what the street was expecting. We also had good guidance, 22 00:01:15,959 --> 00:01:19,280 Speaker 3: which has been the deal breaker. Of course this earning season, 23 00:01:19,720 --> 00:01:23,040 Speaker 3: current quarter revenue will be in line with analyst expectations. 24 00:01:23,280 --> 00:01:25,720 Speaker 3: And we have Mark Zuckerberg saying that the company is 25 00:01:25,880 --> 00:01:29,280 Speaker 3: well positioned to navigate the macro uncertainty. So very good 26 00:01:29,360 --> 00:01:34,160 Speaker 3: earnings reports, strong guidance, and a good day for the company. 27 00:01:34,360 --> 00:01:37,759 Speaker 3: Still has small loss here today, but definitely much needed 28 00:01:37,880 --> 00:01:38,600 Speaker 3: relieve today. 29 00:01:39,640 --> 00:01:42,920 Speaker 1: I mean and so Meta had good numbers. Microsoft had 30 00:01:42,920 --> 00:01:46,120 Speaker 1: good numbers. Three trillion dollar market cap company stocks up 31 00:01:46,200 --> 00:01:49,040 Speaker 1: nine percent. That is crazy total wealth being created. What 32 00:01:49,080 --> 00:01:49,600 Speaker 1: else you got? 33 00:01:50,080 --> 00:01:52,120 Speaker 3: We have Ali Lelly, the news here not so good. 34 00:01:52,160 --> 00:01:56,040 Speaker 3: The shares dropped in morning trading as much as eight percent. 35 00:01:56,760 --> 00:02:00,320 Speaker 3: We have a combination of not so good earnings report. Actually, 36 00:02:00,320 --> 00:02:03,040 Speaker 3: Bloomberg Intelligence had a very good way to say it, 37 00:02:03,200 --> 00:02:08,200 Speaker 3: basically the earning report, which is not worth paying a premium, 38 00:02:08,880 --> 00:02:10,560 Speaker 3: so that was a really good way to put it. 39 00:02:10,600 --> 00:02:13,640 Speaker 3: Of course, we have the news from CVS Health planning 40 00:02:13,680 --> 00:02:20,800 Speaker 3: to distribute we gov, which is obviously the rival of 41 00:02:20,919 --> 00:02:23,840 Speaker 3: Eli Lilly, so that that combined with the earnings report, 42 00:02:23,919 --> 00:02:27,600 Speaker 3: puts a lot of pressure on the stock. From the 43 00:02:27,639 --> 00:02:31,919 Speaker 3: earnings report, the drug maker cut its full years earnings outlook, 44 00:02:31,919 --> 00:02:36,960 Speaker 3: and again the guidances where investors have clearly been very worried, 45 00:02:38,320 --> 00:02:41,440 Speaker 3: and it also cut the twenty twenty five at just 46 00:02:41,480 --> 00:02:44,919 Speaker 3: the earning outlook. The stock had a super strong start 47 00:02:44,919 --> 00:02:47,560 Speaker 3: of the year. Now it's still up about six seven percent, 48 00:02:48,360 --> 00:02:51,200 Speaker 3: but we've had a very tough week for Reli Lily, 49 00:02:51,360 --> 00:02:54,560 Speaker 3: So clearly investors are getting worried about those more high 50 00:02:54,600 --> 00:02:56,799 Speaker 3: flying stocks that have very high multiples. 51 00:02:56,840 --> 00:03:00,280 Speaker 2: All right, real quick, let's kiss off calls, get it, Yeah, yeah, yeah, 52 00:03:00,280 --> 00:03:01,440 Speaker 2: we're having So. 53 00:03:01,320 --> 00:03:04,480 Speaker 3: We're having some breaking news there. Coles fired at CEO 54 00:03:04,520 --> 00:03:07,240 Speaker 3: after the boards found that he directed the company to 55 00:03:07,240 --> 00:03:10,240 Speaker 3: do millions of dollars of business with someone he had 56 00:03:10,240 --> 00:03:15,600 Speaker 3: personal relationship with. Interestingly, that reaction is posed if the 57 00:03:15,639 --> 00:03:18,720 Speaker 3: stock rolls as much as eight percent in earlier training. 58 00:03:19,680 --> 00:03:22,120 Speaker 3: The company said it's starting to search to find a 59 00:03:22,160 --> 00:03:25,520 Speaker 3: permanent replacement, so we yet to see. Of course, this 60 00:03:25,560 --> 00:03:28,040 Speaker 3: is a brop change for a company that has struggled 61 00:03:28,080 --> 00:03:31,520 Speaker 3: for years. It has posted twelve straight quarters of revenue 62 00:03:31,520 --> 00:03:34,000 Speaker 3: declines and it's down about fifty. 63 00:03:33,720 --> 00:03:39,000 Speaker 1: Percent years The Stock Movers podcast from Bloomberg Radio. 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