WEBVTT - Target Surprises With Upbeat Forecast; Paramount Debt Downgraded; Credo Shares Fall

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 4>I'm Nathan Hager, joined by Bloomberg's Isabelle Lee on another

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<v Speaker 4>morning of geopolitical risk front and center. Risk off in

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<v Speaker 4>just about every asset except for energy commodities, and that

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<v Speaker 4>has to be reflected in energy stocks this morning.

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<v Speaker 3>Isabelle, good morning, Good.

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<v Speaker 1>Morning, Nathan. Exactly, we're looking at green on the screen

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<v Speaker 1>when it comes to oil stocks. Chevron, Valero, Energy, Exxon

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<v Speaker 1>all are hired by more than two percent, and of

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<v Speaker 1>course we know that oil it is at the center

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<v Speaker 1>of the markets when it comes to this crisis. We're

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<v Speaker 1>now entering the fourth day. We're seeing stocks pre market fell,

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<v Speaker 1>bond deepening losses, but not oil, so at least there

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<v Speaker 1>that's a little bright spot at least when it comes

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<v Speaker 1>to the market.

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<v Speaker 4>Yeah, rally in energy. We'll be tracking that throughout the day.

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<v Speaker 4>I'm sure we'll also be keeping an eye, I guess

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<v Speaker 4>on Target shares. They just reported earnings and it looks

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<v Speaker 4>like it caught investors by a positive surprise.

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<v Speaker 1>Stocks in pre market were higher around five percent. It

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<v Speaker 1>paired back some of those gains, so just up by

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<v Speaker 1>three percent, but still we see a really positive report

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<v Speaker 1>from Target. The company reported better than expected profit for

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<v Speaker 1>the full year, so this indicates that the turnaround plant

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<v Speaker 1>are generating results. Adjusted EPs are projected in the range

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<v Speaker 1>of seven dollars and fifty cents to eight dollars and

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<v Speaker 1>fifty cents in the current fiscal year, so the midpoint

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<v Speaker 1>of that, according to Bloomberg average as the mids is

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<v Speaker 1>above average. So the strong guidance shows that Target is

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<v Speaker 1>really making some progress at improving their performance. It for

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<v Speaker 1>a while kind of struggled a little bit as consumers

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<v Speaker 1>become price sensitive and as competitors just become better. But

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<v Speaker 1>at the end of the day, the lengthy sales slump

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<v Speaker 1>was really bucked by the management. And a key challenge

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<v Speaker 1>is that householders spending less on home decor and other

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<v Speaker 1>discretionary items. So I myself have trying not to decorate

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<v Speaker 1>my home, but at least Target reported that they're able

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<v Speaker 1>to mitigate that.

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<v Speaker 4>Among the most actively traded stocks in the pre market

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<v Speaker 4>to the downside, Invidia shares leading the mag seven lower.

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<v Speaker 1>Down by three percent. You are correct. This comes after

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<v Speaker 1>a Bloomberg exclusive yesterday reporting that US officials are considering

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<v Speaker 1>caps on the number of AI accelerators that Nvidia can

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<v Speaker 1>export to any one Chinese company. So the Trump administration

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<v Speaker 1>has talked about limiting those to buying seventy five thousand

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<v Speaker 1>of Nvidia's eight two hundred chips. Shipments of AMD similar

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<v Speaker 1>chips also would count towards the cap. The accelerators are

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<v Speaker 1>a price commodity in the tech world because they're used

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<v Speaker 1>to develop and run these really sophisticated AI models. And

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<v Speaker 1>this is really the news that's been slowly developing because

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<v Speaker 1>it's always at the headlines. Everyone is in interested at

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<v Speaker 1>what in video will do, because where in video goes,

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<v Speaker 1>the market will go. So in the pre market, at

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<v Speaker 1>least for now, it's in the red.

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<v Speaker 3>And in our last thirty seconds, Isabelle tell us the

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<v Speaker 3>latest reason why should we should be keeping our eyes

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<v Speaker 3>on Paramount sky Dance today?

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<v Speaker 1>Oh my gosh, what is not the latest reason? Every

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<v Speaker 1>day there's a headline the stock is now down by

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<v Speaker 1>five percent in pre market, So the latest is pitched

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<v Speaker 1>downgraded paramounts corporate and long term borrower ratings too junk.

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<v Speaker 1>This comes after its agreement to buy its large arrival,

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<v Speaker 1>Warner Brothers Discovery, and it's a deal that will sattle

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<v Speaker 1>the combined business of Paramount with seventy nine dollars seventy

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<v Speaker 1>nine billion dollars in net that On Monday, Paramount said

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<v Speaker 1>it will combine Paramount Plus and HBO Max streaming services

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<v Speaker 1>in a single platform. So really lots of news from

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<v Speaker 1>that company all day.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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