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 --> 00:00:18,320 Speaker 1: harnessing the power of Bloomberg data. Let's take a look 4 00:00:18,320 --> 00:00:20,239 Speaker 1: at some of the stocks on the move today. We're 5 00:00:20,320 --> 00:00:22,079 Speaker 1: joined by Bloomers. They needs a Socovia, they need So 6 00:00:22,120 --> 00:00:22,720 Speaker 1: what are you looking at. 7 00:00:22,960 --> 00:00:26,200 Speaker 2: Let's start with Tesla, which after earnings report we had recently, 8 00:00:26,440 --> 00:00:28,520 Speaker 2: you wouldn't guess it's such a good day, but today 9 00:00:28,560 --> 00:00:31,640 Speaker 2: it's actually up as much as eight point five percent. 10 00:00:31,800 --> 00:00:35,440 Speaker 2: Really strong day. It's actually coming, of course, of the 11 00:00:35,479 --> 00:00:39,519 Speaker 2: news of Ellen Musk pledging to retreat significantly from his 12 00:00:40,320 --> 00:00:44,239 Speaker 2: government work and saying that his work at dose is 13 00:00:44,360 --> 00:00:48,279 Speaker 2: mostly done. We're seeing a very positive reaction. The car 14 00:00:48,360 --> 00:00:52,920 Speaker 2: marker missed analyst estimates for both revenue and earnings. The 15 00:00:53,000 --> 00:00:56,480 Speaker 2: management backed away from earlier predictions that vehicle sales will 16 00:00:56,520 --> 00:01:00,520 Speaker 2: return to growth this year. So overall pretty ugly earning report. 17 00:01:00,560 --> 00:01:03,520 Speaker 2: We saw the reactions on an analysts and overall analysts 18 00:01:03,560 --> 00:01:07,559 Speaker 2: have been turning really sore on testwa since the start 19 00:01:07,600 --> 00:01:11,680 Speaker 2: of the year. Of course, we saw earlier were after 20 00:01:11,720 --> 00:01:14,520 Speaker 2: the election, the stock saw a massive rally, but actually 21 00:01:14,640 --> 00:01:20,039 Speaker 2: here today is down about forty percent even with today's bounce. So, 22 00:01:20,640 --> 00:01:24,000 Speaker 2: of course the tariffs was a big topic that potentially 23 00:01:24,000 --> 00:01:26,000 Speaker 2: tests what we will avoid them, and clearly this is not 24 00:01:26,080 --> 00:01:29,120 Speaker 2: the case. Musk of course said on the earning score 25 00:01:29,240 --> 00:01:32,920 Speaker 2: that he has pushed against the tariffs, but that is 26 00:01:32,959 --> 00:01:35,720 Speaker 2: definitely adding pressure to the company. But nevertheless, a good 27 00:01:35,760 --> 00:01:36,839 Speaker 2: day for Tesla today. 28 00:01:37,400 --> 00:01:40,280 Speaker 1: What about Boeing, This stock has I think really struggled 29 00:01:40,280 --> 00:01:42,360 Speaker 1: in the past, but I think today is a good day. 30 00:01:42,959 --> 00:01:47,680 Speaker 2: Yes, today, definitely Boeing is seeing a great day. What 31 00:01:47,840 --> 00:01:52,320 Speaker 2: were of course, Boink was listened recently a winner in 32 00:01:52,360 --> 00:01:57,200 Speaker 2: that competition, and also it reported first quarter results that 33 00:01:57,280 --> 00:02:01,360 Speaker 2: exceed Wall Street testaments. The plane maker has obviously had 34 00:02:01,560 --> 00:02:03,720 Speaker 2: a lot of trouble in the last couple of years, 35 00:02:04,560 --> 00:02:07,400 Speaker 2: but it used about two billion in free cash in 36 00:02:07,440 --> 00:02:11,079 Speaker 2: the three months that ended in March. That's better than 37 00:02:11,160 --> 00:02:16,200 Speaker 2: the withdraw aways saw before that. Boys shared jump as 38 00:02:16,280 --> 00:02:19,399 Speaker 2: much as nine percent in earlier trading. Really strong day. 39 00:02:20,639 --> 00:02:24,480 Speaker 2: They called twenty twenty five their turnaround. Ear where yet 40 00:02:24,520 --> 00:02:27,880 Speaker 2: to see if this is the case. Of course, Boeing 41 00:02:27,960 --> 00:02:31,680 Speaker 2: remains susceptible to the fall out from present terms tariffs 42 00:02:31,720 --> 00:02:36,320 Speaker 2: We've seen some news in China about holding aircraft delivery, 43 00:02:36,400 --> 00:02:38,480 Speaker 2: so everyone is on the watch. But today we're seeing 44 00:02:38,520 --> 00:02:39,560 Speaker 2: a great day for Boeing. 45 00:02:39,800 --> 00:02:40,880 Speaker 1: How about Philip Morris. 46 00:02:41,440 --> 00:02:44,600 Speaker 2: Philip Morris is also having a strong day, which actually 47 00:02:44,639 --> 00:02:47,360 Speaker 2: is kind of surprising. They announced news about sale and 48 00:02:47,400 --> 00:02:51,000 Speaker 2: separation a Post, putting a posset on that one billion 49 00:02:51,120 --> 00:02:54,640 Speaker 2: US cigar business. But the company is one of the 50 00:02:54,680 --> 00:02:58,640 Speaker 2: big winners this year. It's up forty two percent year today. 51 00:02:58,680 --> 00:03:00,600 Speaker 2: It's really hard to see that big big of a 52 00:03:00,639 --> 00:03:04,280 Speaker 2: gain this year. The stock is seeing another jum today 53 00:03:04,560 --> 00:03:09,440 Speaker 2: more than four percent. The tobacco makers said that following 54 00:03:09,600 --> 00:03:12,680 Speaker 2: the review and after taking an account the market, voltiity 55 00:03:12,720 --> 00:03:17,160 Speaker 2: and everything that's been happening, they're they're putting this on posts, 56 00:03:17,480 --> 00:03:20,760 Speaker 2: but a lot of optimism coming comes as the company 57 00:03:20,800 --> 00:03:24,880 Speaker 2: said strong sales from Zen niquity pouches. They've been moving 58 00:03:25,320 --> 00:03:30,400 Speaker 2: away from those from smoke from cigarettes and moving to 59 00:03:30,480 --> 00:03:35,880 Speaker 2: smoke free business, which includes Zin and that's accounted about 60 00:03:35,920 --> 00:03:39,640 Speaker 2: forty two percent of their first quarter total net revenue. 61 00:03:39,680 --> 00:03:42,240 Speaker 2: So that part of the business has really been boosting 62 00:03:42,240 --> 00:03:44,600 Speaker 2: the stock. And we can see analysts are very optimistic 63 00:03:44,640 --> 00:03:46,840 Speaker 2: and performance here today It's Really Hard. 64 00:03:46,640 --> 00:03:51,800 Speaker 1: To Be The Stock Movers podcast from Bloomberg Radio. Check 65 00:03:51,840 --> 00:03:54,480 Speaker 1: back with us throughout today for the latest roundup of 66 00:03:54,560 --> 00:03:57,720 Speaker 1: companies making news on Wall Street and for the latest 67 00:03:57,800 --> 00:04:01,920 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 68 00:04:01,960 --> 00:04:05,320 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 69 00:04:05,360 --> 00:04:07,320 Speaker 1: Auto with the Bloomberg Business app.