Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data does.
Speaker 3: Take a look right now with some of the stocks
Speaker 3: on the move today with Lisa and tell you, Lisa.
Speaker 1: What do you have?
Speaker 4: All Right, We're starting with Tesla because their shares have
Speaker 4: been down more than four percent before the bell reports
Speaker 4: earnings tomorrow. Right, but the big thing is that web
Speaker 4: Bush Security is analyst Dan Ives. He said the company
Speaker 4: faces this quote code red moment as it prepares for
Speaker 4: that earnings report. He also pointed out that Elon Musk
Speaker 4: should step back from his work at DOGE to focus
Speaker 4: on Tesla. He says that an involvement in the White
Speaker 4: House has really led to this brand damage in the company.
Speaker 4: If you remember two weeks ago, two Ives he slashed
Speaker 4: the price target for Tesla stock by forty three percent.
Speaker 4: So that's one piece. Then you have another piece. They
Speaker 4: have Barclays lowering its price target on Tesla. That happened
Speaker 4: late Thursday. And then you have this report from Reuter's
Speaker 4: out out that Tesla is delaying the launch of those
Speaker 4: more affordable cars it's been talking about giving these you know,
Speaker 4: more affordable evs, but now they're saying that that could
Speaker 4: be delayed. So it's kind of it's pushing down the
Speaker 4: max step, but it's leading the losses in the MAC event.
Speaker 3: Right too long weekend here, I mean, am I right?
Speaker 3: Mister Musk has sort of disappeared. Maybe he's that good tesla.
Speaker 1: I don't know.
Speaker 5: It's interesting, but when he lose Dan ives, that's a
Speaker 5: that's a challenge for the stock, I would say, So
Speaker 5: we'll see how that plays out. But again, most definitely
Speaker 5: the fundamentals are concerning to a lot of people.
Speaker 3: On Fifth Avenue this weekend and they get claimed Easter Parade,
Speaker 3: which is a.
Speaker 1: Really wonderful celebration. He was just dressed normal, exactly.
Speaker 4: I know these two dollars, I'm sure. So I want
Speaker 4: to point out Capital one Financial. Their shares have been
Speaker 4: up about four percent this morning, the reason why bank
Speaker 4: regulators approved their thirty five billion dollar acquisition of Discover.
Speaker 4: Now this happened late Friday. Of Discover shares are rising too,
Speaker 4: They're up about as much as seven percent. But it
Speaker 4: could create the nation's biggest credit card issuer by loan volume.
Speaker 4: But the reason why this is kind of standing out
Speaker 4: is because this decision was awaiting whether the DOJ would
Speaker 4: sue to block the acquisition. People were waiting for that.
Speaker 4: Some were worried it could harm competition, but then you
Speaker 4: had Antitrust Division chief said that there wasn't enough evidence
Speaker 4: to challenge that. So it's expected to close on May eighteenth.
Speaker 4: But it really could unlock some things for Capital One.
Speaker 4: For one, it could unlock at least one point two
Speaker 4: billion dollars in annual revenue because in the past they
Speaker 4: only had to rely on Vison MasterCard and that was
Speaker 4: it for them to issue its credit cards. But with
Speaker 4: Discover they can kind of cut out the middlemen and
Speaker 4: then have more control over the prices that merchant all
Speaker 4: charge every time that you can someone swipes one of
Speaker 4: its credit cards. So that was kind of interesting there.
Speaker 4: And then if we check back in with stocks that
Speaker 4: were moving before the holiday, before we had the break
Speaker 4: right that some of them are still moving, but some
Speaker 4: in a different direction. For example, if you remember we
Speaker 4: talked about Hurts last week, right they had that big
Speaker 4: rally news Bill Ackman's person square taking big steak in
Speaker 4: the company. But if we look at the shares before
Speaker 4: the bell, they're off as much as twelve percent, So
Speaker 4: that's a big turnaround for Hurts. And then you have
Speaker 4: Netflix still riding that wave. It shares are up about
Speaker 4: three percent. Results after the bell showed right before the holiday,
Speaker 4: forecasted revenue the second quarter beat on estimates, but also
Speaker 4: only see the company's business as resilient. That's how they're
Speaker 4: describing it. So Netflix kind of still riding.
Speaker 1: What do you think, Paul?
Speaker 5: Yeah, absolutely, I agree with all of that. I mean,
Speaker 5: we'll see here, they're trying to push through a lot
Speaker 5: of you know, the price increases across the board, of
Speaker 5: trying to drive up their advertising revenue, and that whole
Speaker 5: password sharing thing that work wrote down on.
Speaker 3: That Disney's out with and or like soon this weekend.
Speaker 3: I guess it did well. I watched a couple episodes
Speaker 3: and stop watching it.
Speaker 1: But who's number two?
Speaker 3: Well?
Speaker 1: Is there a number two?
Speaker 3: Well?
Speaker 5: I think it's streaming. Disney is a clear number two.
Speaker 5: They are profitable, But what's it mean to be number
Speaker 5: two these days? At this point, it doesn't seem like
Speaker 5: a whole lot, but there if you look at the
Speaker 5: profitability for their streaming business, it does ramp up a pretty.
Speaker 1: Second, try and compete because they have the biggest.
Speaker 5: Catalog, right Almison Prime's got, you know, the biggest balance
Speaker 5: sheets so they can buy their way.
Speaker 3: This is Keens watching Step with Queen and Candas Bergen
Speaker 3: this weekend.
Speaker 1: The Netflix doesn't have that.
Speaker 3: That's you know, that's a movie, Lisa, Candae Bergen.
Speaker 4: Okay, remember that you mentioned Zizzy. Actually they were upgraded
Speaker 4: to Apple form at Wolf Research, so see's getting a
Speaker 4: little upgrade there.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
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