1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,120 Speaker 2: the stock market harnessing the power of Bloomberg Data. 4 00:00:16,280 --> 00:00:18,760 Speaker 1: Stocks are waivering a bit today, but we all are 5 00:00:18,800 --> 00:00:21,639 Speaker 1: still trading your record heis, and we're confronting a high 6 00:00:21,680 --> 00:00:24,800 Speaker 1: stakes earning season that we'll put this rally to the test, 7 00:00:25,000 --> 00:00:27,240 Speaker 1: so there is a lot to discuss. We will do 8 00:00:27,280 --> 00:00:31,160 Speaker 1: that with Bailey Lipshalt, a senior equities reporter on our team. 9 00:00:31,200 --> 00:00:32,840 Speaker 3: Here, Bailey, what are you watching? 10 00:00:33,040 --> 00:00:33,199 Speaker 1: Yeah? 11 00:00:33,200 --> 00:00:35,839 Speaker 4: I want to start with a name that maybe is 12 00:00:35,880 --> 00:00:40,560 Speaker 4: a bit more niche. Ast Space Mobile ticker ASTs stock's 13 00:00:40,600 --> 00:00:43,640 Speaker 4: up seventeen percent. Guys, the stock is up four hundred 14 00:00:43,680 --> 00:00:46,239 Speaker 4: and sixty five percent in the last twelve months. They 15 00:00:46,280 --> 00:00:49,800 Speaker 4: operate in space. Their big mission is to compete with Starlinks, 16 00:00:49,800 --> 00:00:52,000 Speaker 4: so they really want to use kind of their constellation 17 00:00:52,080 --> 00:00:54,800 Speaker 4: in the sky to be able to beam internet connection 18 00:00:54,920 --> 00:00:56,840 Speaker 4: directly to your phone. They're partnered with AT and T 19 00:00:57,160 --> 00:00:59,120 Speaker 4: and Verizon or AT and T and a number of 20 00:00:59,160 --> 00:01:02,000 Speaker 4: other provide. But the big news that is driving the 21 00:01:02,040 --> 00:01:06,720 Speaker 4: move today is that the missile Events contract status was updated. 22 00:01:06,720 --> 00:01:09,120 Speaker 4: According to the company, they're now going to be in 23 00:01:09,160 --> 00:01:13,160 Speaker 4: a position for the US Missile Defense Agency's shield program 24 00:01:13,200 --> 00:01:16,600 Speaker 4: connected to Donald Trump's Golden Dome effort. This is definitely 25 00:01:16,640 --> 00:01:19,200 Speaker 4: a retail favorite. I don't know if I'll call it 26 00:01:19,200 --> 00:01:22,760 Speaker 4: a meme stock, but anytime you see space, clean energy, 27 00:01:23,160 --> 00:01:27,120 Speaker 4: or the kind of other industries like quantum, it typically 28 00:01:27,160 --> 00:01:27,919 Speaker 4: gets people excited. 29 00:01:27,880 --> 00:01:31,000 Speaker 3: It gets me right. Yeah, a popular one on Reddit. 30 00:01:31,280 --> 00:01:33,959 Speaker 4: Definitely one on Reddit. They have a following called the 31 00:01:34,000 --> 00:01:38,160 Speaker 4: space Mob. Also relatively heavily shortened, about seventeen percent of 32 00:01:38,160 --> 00:01:41,160 Speaker 4: share shortened. Was closer to twenty five a little while ago, 33 00:01:41,240 --> 00:01:43,320 Speaker 4: but certainly a volatile ride. 34 00:01:43,400 --> 00:01:46,880 Speaker 1: Yeah, that's definitely a defining characteristic of a stock popular 35 00:01:46,920 --> 00:01:47,960 Speaker 1: with the retail crowd. 36 00:01:48,080 --> 00:01:50,520 Speaker 3: All right, you're also looking at banks, but somewhat smaller 37 00:01:50,600 --> 00:01:51,760 Speaker 3: than the big banks. 38 00:01:51,400 --> 00:01:53,480 Speaker 4: Smaller banks, regional banks. You got to give them their 39 00:01:53,520 --> 00:01:56,560 Speaker 4: time in the sun. An eighty seven billion dollar company 40 00:01:56,560 --> 00:02:00,240 Speaker 4: PNC financial ticker is PNC right now. The stock got 41 00:02:00,240 --> 00:02:02,920 Speaker 4: more than three percent tritting at the highest level in 42 00:02:03,000 --> 00:02:05,480 Speaker 4: about four years, which is crazy to say, I keep 43 00:02:05,480 --> 00:02:08,200 Speaker 4: forgetting its twenty twenty six. This came after the regional 44 00:02:08,240 --> 00:02:11,000 Speaker 4: bank beat expectations on revenue EPs, coming in ahead of 45 00:02:11,000 --> 00:02:12,840 Speaker 4: what analysts we're looking for you look kind of at 46 00:02:12,840 --> 00:02:16,200 Speaker 4: the initial reaction from the cell side, basically calling out 47 00:02:16,400 --> 00:02:19,520 Speaker 4: their net interest income and II basically how much these 48 00:02:19,560 --> 00:02:24,000 Speaker 4: banks make off of loans. Better than expected modest balance 49 00:02:24,000 --> 00:02:27,040 Speaker 4: sheet growth though according to BARED analysts, but certainly seems 50 00:02:27,080 --> 00:02:31,399 Speaker 4: like the fundamentals under the surface, improving credit trends, things 51 00:02:31,400 --> 00:02:31,959 Speaker 4: of that nature. 52 00:02:32,280 --> 00:02:34,559 Speaker 3: And one more that's on your list today, Bailey. 53 00:02:34,560 --> 00:02:37,760 Speaker 4: Looking at the worst seller worst performers in the S 54 00:02:37,800 --> 00:02:39,840 Speaker 4: and P five hundred, talking about those energy socks. I 55 00:02:39,840 --> 00:02:41,080 Speaker 4: know you guys are going to dive into this in 56 00:02:41,120 --> 00:02:44,120 Speaker 4: a bit, but looking at Vistra ticker VST right now 57 00:02:44,800 --> 00:02:48,200 Speaker 4: down close to seven percent, Constellation Energy down almost eight percent. 58 00:02:48,680 --> 00:02:53,000 Speaker 4: Ticker for Vistra's VST Constellation is CEG. This comes after 59 00:02:53,240 --> 00:02:55,919 Speaker 4: President Trump and governors of a number of states here 60 00:02:55,919 --> 00:03:00,440 Speaker 4: in the Northeast pushing for an emergency wholesale elect tricity 61 00:03:00,480 --> 00:03:05,160 Speaker 4: auction that would encourage tech giants to pay to basically 62 00:03:05,240 --> 00:03:07,640 Speaker 4: to play. So we're seeing some of these companies that 63 00:03:07,680 --> 00:03:10,880 Speaker 4: have been long riding this bull momentum on second and 64 00:03:10,919 --> 00:03:14,320 Speaker 4: third derivative plays around the AI theme underperforming and also 65 00:03:14,360 --> 00:03:17,000 Speaker 4: just going to call out the outperformer in that kind 66 00:03:17,000 --> 00:03:22,560 Speaker 4: of industry ge Vernova, Tick or GeV they make wind 67 00:03:22,639 --> 00:03:25,160 Speaker 4: sales wind turbines. They're up about five and a half percent. 68 00:03:26,560 --> 00:03:30,600 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 69 00:03:30,680 --> 00:03:33,239 Speaker 2: us throughout the day for the latest roundup of companies 70 00:03:33,320 --> 00:03:36,440 Speaker 2: making news on Wall Street and for the latest market 71 00:03:36,440 --> 00:03:40,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 72 00:03:41,000 --> 00:03:44,520 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 73 00:03:44,560 --> 00:03:46,080 Speaker 2: the Bloomberg Business app.