Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 4: I'm Nathan Hager, joined by Bloomberg's Isabelle Lee on another
Speaker 4: morning of geopolitical risk front and center. Risk off in
Speaker 4: just about every asset except for energy commodities, and that
Speaker 4: has to be reflected in energy stocks this morning.
Speaker 3: Isabelle, good morning, Good.
Speaker 1: Morning, Nathan. Exactly, we're looking at green on the screen
Speaker 1: when it comes to oil stocks. Chevron, Valero, Energy, Exxon
Speaker 1: all are hired by more than two percent, and of
Speaker 1: course we know that oil it is at the center
Speaker 1: of the markets when it comes to this crisis. We're
Speaker 1: now entering the fourth day. We're seeing stocks pre market fell,
Speaker 1: bond deepening losses, but not oil, so at least there
Speaker 1: that's a little bright spot at least when it comes
Speaker 1: to the market.
Speaker 4: Yeah, rally in energy. We'll be tracking that throughout the day.
Speaker 4: I'm sure we'll also be keeping an eye, I guess
Speaker 4: on Target shares. They just reported earnings and it looks
Speaker 4: like it caught investors by a positive surprise.
Speaker 1: Stocks in pre market were higher around five percent. It
Speaker 1: paired back some of those gains, so just up by
Speaker 1: three percent, but still we see a really positive report
Speaker 1: from Target. The company reported better than expected profit for
Speaker 1: the full year, so this indicates that the turnaround plant
Speaker 1: are generating results. Adjusted EPs are projected in the range
Speaker 1: of seven dollars and fifty cents to eight dollars and
Speaker 1: fifty cents in the current fiscal year, so the midpoint
Speaker 1: of that, according to Bloomberg average as the mids is
Speaker 1: above average. So the strong guidance shows that Target is
Speaker 1: really making some progress at improving their performance. It for
Speaker 1: a while kind of struggled a little bit as consumers
Speaker 1: become price sensitive and as competitors just become better. But
Speaker 1: at the end of the day, the lengthy sales slump
Speaker 1: was really bucked by the management. And a key challenge
Speaker 1: is that householders spending less on home decor and other
Speaker 1: discretionary items. So I myself have trying not to decorate
Speaker 1: my home, but at least Target reported that they're able
Speaker 1: to mitigate that.
Speaker 4: Among the most actively traded stocks in the pre market
Speaker 4: to the downside, Invidia shares leading the mag seven lower.
Speaker 1: Down by three percent. You are correct. This comes after
Speaker 1: a Bloomberg exclusive yesterday reporting that US officials are considering
Speaker 1: caps on the number of AI accelerators that Nvidia can
Speaker 1: export to any one Chinese company. So the Trump administration
Speaker 1: has talked about limiting those to buying seventy five thousand
Speaker 1: of Nvidia's eight two hundred chips. Shipments of AMD similar
Speaker 1: chips also would count towards the cap. The accelerators are
Speaker 1: a price commodity in the tech world because they're used
Speaker 1: to develop and run these really sophisticated AI models. And
Speaker 1: this is really the news that's been slowly developing because
Speaker 1: it's always at the headlines. Everyone is in interested at
Speaker 1: what in video will do, because where in video goes,
Speaker 1: the market will go. So in the pre market, at
Speaker 1: least for now, it's in the red.
Speaker 3: And in our last thirty seconds, Isabelle tell us the
Speaker 3: latest reason why should we should be keeping our eyes
Speaker 3: on Paramount sky Dance today?
Speaker 1: Oh my gosh, what is not the latest reason? Every
Speaker 1: day there's a headline the stock is now down by
Speaker 1: five percent in pre market, So the latest is pitched
Speaker 1: downgraded paramounts corporate and long term borrower ratings too junk.
Speaker 1: This comes after its agreement to buy its large arrival,
Speaker 1: Warner Brothers Discovery, and it's a deal that will sattle
Speaker 1: the combined business of Paramount with seventy nine dollars seventy
Speaker 1: nine billion dollars in net that On Monday, Paramount said
Speaker 1: it will combine Paramount Plus and HBO Max streaming services
Speaker 1: in a single platform. So really lots of news from
Speaker 1: that company all day.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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