1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:18,840 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,880 --> 00:00:22,279 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritty Gupta on a 6 00:00:22,320 --> 00:00:25,040 Speaker 1: morning with a lot of stocks, once again moving off 7 00:00:25,079 --> 00:00:27,520 Speaker 1: the back of earnings. We got big tech, we got 8 00:00:27,560 --> 00:00:29,680 Speaker 1: big oil. Where do you want to start? Cretty good morning, 9 00:00:30,120 --> 00:00:30,560 Speaker 1: Good morning. 10 00:00:30,560 --> 00:00:32,639 Speaker 4: We got to talk about big tech here because it's 11 00:00:32,680 --> 00:00:34,839 Speaker 4: just so fun to talk about. I think that's what's 12 00:00:34,600 --> 00:00:36,880 Speaker 4: my hot take on that. We gotta start with Apple. 13 00:00:36,960 --> 00:00:41,599 Speaker 4: This is the big one AAPL surprising to the upside. 14 00:00:41,600 --> 00:00:43,599 Speaker 4: And I was saying this earlier, Nathan, I think it's 15 00:00:43,680 --> 00:00:46,080 Speaker 4: all about the expectations. Apple went in with some pretty 16 00:00:46,080 --> 00:00:49,760 Speaker 4: low expectations. Amazon went in with some pretty high expectations, 17 00:00:50,159 --> 00:00:52,320 Speaker 4: and they got the opposite results. To the point that 18 00:00:52,360 --> 00:00:54,640 Speaker 4: Apple has really impressed a market a lot of the 19 00:00:54,640 --> 00:00:58,360 Speaker 4: strength on people buying iPhones ahead of the tear of purchases, 20 00:00:58,360 --> 00:01:00,640 Speaker 4: although Tim Cooks saying that's less than ten percent of 21 00:01:00,640 --> 00:01:02,120 Speaker 4: the revenue generated. 22 00:01:01,680 --> 00:01:03,400 Speaker 3: There for the actual physical product. 23 00:01:03,520 --> 00:01:05,920 Speaker 4: They're also talking about doing pretty well in China when 24 00:01:05,920 --> 00:01:08,040 Speaker 4: it comes to those Chinese sales. Remember, just this week 25 00:01:08,240 --> 00:01:10,440 Speaker 4: they shut down a one of their retail stores there, 26 00:01:10,440 --> 00:01:12,560 Speaker 4: so there was a lot of concern going in about 27 00:01:12,560 --> 00:01:16,240 Speaker 4: what their Asian impact really looked like, and turns out 28 00:01:16,480 --> 00:01:17,720 Speaker 4: pretty good AAPL. 29 00:01:17,760 --> 00:01:18,559 Speaker 3: Those shares hired. 30 00:01:18,440 --> 00:01:21,000 Speaker 4: By one point four percent, trading at two hundred and 31 00:01:21,080 --> 00:01:24,080 Speaker 4: ten dollars a share, so some positive news there baked 32 00:01:24,160 --> 00:01:28,280 Speaker 4: into Apple shares this morning. Let's talk about Amazon as well, 33 00:01:28,319 --> 00:01:31,520 Speaker 4: because as I mentioned, there were some pretty lofty expectations. 34 00:01:31,560 --> 00:01:34,480 Speaker 4: Microsoft did no favors for them in terms of setting 35 00:01:34,480 --> 00:01:37,039 Speaker 4: the bar fairly high when it came to that cloud revenue, 36 00:01:37,440 --> 00:01:41,080 Speaker 4: Amazon disappointing. Look, their revenue still came in slightly better 37 00:01:41,080 --> 00:01:44,600 Speaker 4: than expected, but they're operating income, They're operating profit was 38 00:01:44,920 --> 00:01:47,240 Speaker 4: lower than what Wall Street was expecting. 39 00:01:47,280 --> 00:01:49,120 Speaker 3: On top of that, some of their AI. 40 00:01:49,000 --> 00:01:52,920 Speaker 4: Investments, some of their growth trajectory didn't really impress the markets. 41 00:01:52,920 --> 00:01:56,200 Speaker 4: But again grain of salt, wagon of salt, if you will, 42 00:01:56,520 --> 00:01:59,440 Speaker 4: which is simply this idea that Amazon, Microsoft, your big 43 00:01:59,440 --> 00:02:01,960 Speaker 4: tech names, you have to go into these earning results 44 00:02:02,000 --> 00:02:05,040 Speaker 4: expecting an A plus plus kind of result, and if 45 00:02:05,040 --> 00:02:07,320 Speaker 4: you don't improve on that, you do get punished by 46 00:02:07,320 --> 00:02:09,200 Speaker 4: the markets, and that's what Amazon is seeing this morning. 47 00:02:09,240 --> 00:02:14,040 Speaker 4: Amzn down about eight percent, trading at two hundred and fifteen. 48 00:02:13,760 --> 00:02:15,960 Speaker 3: Dollars a share. So that is your big tech story. 49 00:02:16,000 --> 00:02:18,359 Speaker 4: Let's go from big tech to big oil if we 50 00:02:18,480 --> 00:02:21,680 Speaker 4: can exon Mobile very much getting a boost as well. 51 00:02:21,880 --> 00:02:24,640 Speaker 4: XOM is your ticker, trading at one hundred and thirteen 52 00:02:24,720 --> 00:02:27,519 Speaker 4: dollars a share, hire by one point four percent, former 53 00:02:27,639 --> 00:02:31,720 Speaker 4: down Dow component. As I was reminded this morning, they 54 00:02:31,760 --> 00:02:35,679 Speaker 4: beat on their earnings estimates in a fairly big way. Now, 55 00:02:35,720 --> 00:02:37,880 Speaker 4: look they you have seen pressure on some of these 56 00:02:37,919 --> 00:02:40,560 Speaker 4: oil prices, so there was an expectation going into this 57 00:02:40,600 --> 00:02:43,799 Speaker 4: that perhaps that would kind of surprise to the downside 58 00:02:43,840 --> 00:02:46,880 Speaker 4: and weigh on not just Xon, but it's peer Chevron 59 00:02:46,919 --> 00:02:47,280 Speaker 4: as well. 60 00:02:47,360 --> 00:02:48,240 Speaker 3: You're seeing the opposite. 61 00:02:48,280 --> 00:02:50,840 Speaker 4: The volume, their output was higher, so net net, they 62 00:02:50,840 --> 00:02:53,640 Speaker 4: actually did better. They're also maintaining their share buybacks at 63 00:02:53,680 --> 00:02:55,640 Speaker 4: about twenty billion dollars a year, and that seems to 64 00:02:55,639 --> 00:02:58,920 Speaker 4: be the magic word when it comes to Xon share. 65 00:02:58,919 --> 00:03:01,600 Speaker 4: So XOM is your ticker there, Nathan, I'll end it 66 00:03:01,600 --> 00:03:04,280 Speaker 4: on with Chevron. CBX is the one we've got our 67 00:03:04,320 --> 00:03:06,960 Speaker 4: eye on Hire by five tens of one percent, trading 68 00:03:06,960 --> 00:03:09,840 Speaker 4: out one hundred and fifty two dollars a share for 69 00:03:09,960 --> 00:03:12,560 Speaker 4: the oil giant, a similar story there. 70 00:03:12,560 --> 00:03:14,040 Speaker 3: They're just an EPs. 71 00:03:13,919 --> 00:03:16,480 Speaker 4: Coming in a kind of bang in line their guidance. 72 00:03:16,480 --> 00:03:19,440 Speaker 4: Assuming oil remains around seventy dollars a barrel. We will 73 00:03:19,440 --> 00:03:20,840 Speaker 4: see if that continues. 74 00:03:22,160 --> 00:03:26,160 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 75 00:03:26,240 --> 00:03:28,840 Speaker 2: us throughout the day for the latest roundup of companies 76 00:03:28,880 --> 00:03:32,000 Speaker 2: making news on Wall Street and for the latest market 77 00:03:32,040 --> 00:03:36,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 78 00:03:36,600 --> 00:03:40,080 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 79 00:03:40,160 --> 00:03:41,640 Speaker 2: the Bloomberg Business app.