WEBVTT - AST SpaceMobile Soars, PNC Financial Rises, Vistra Drops on Move to Have Tech Giants Pay for Power Costs 

0:00:02.520 --> 0:00:08.720
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

0:00:08.720 --> 0:00:12.560
<v Speaker 2>Stock Movers report, your roundup of companies making moves in

0:00:12.600 --> 0:00:16.120
<v Speaker 2>the stock market harnessing the power of Bloomberg Data.

0:00:16.280 --> 0:00:18.760
<v Speaker 1>Stocks are waivering a bit today, but we all are

0:00:18.800 --> 0:00:21.639
<v Speaker 1>still trading your record heis, and we're confronting a high

0:00:21.680 --> 0:00:24.800
<v Speaker 1>stakes earning season that we'll put this rally to the test,

0:00:25.000 --> 0:00:27.240
<v Speaker 1>so there is a lot to discuss. We will do

0:00:27.280 --> 0:00:31.160
<v Speaker 1>that with Bailey Lipshalt, a senior equities reporter on our team.

0:00:31.200 --> 0:00:32.840
<v Speaker 3>Here, Bailey, what are you watching?

0:00:33.040 --> 0:00:33.199
<v Speaker 1>Yeah?

0:00:33.200 --> 0:00:35.839
<v Speaker 4>I want to start with a name that maybe is

0:00:35.880 --> 0:00:40.560
<v Speaker 4>a bit more niche. Ast Space Mobile ticker ASTs stock's

0:00:40.600 --> 0:00:43.640
<v Speaker 4>up seventeen percent. Guys, the stock is up four hundred

0:00:43.680 --> 0:00:46.239
<v Speaker 4>and sixty five percent in the last twelve months. They

0:00:46.280 --> 0:00:49.800
<v Speaker 4>operate in space. Their big mission is to compete with Starlinks,

0:00:49.800 --> 0:00:52.000
<v Speaker 4>so they really want to use kind of their constellation

0:00:52.080 --> 0:00:54.800
<v Speaker 4>in the sky to be able to beam internet connection

0:00:54.920 --> 0:00:56.840
<v Speaker 4>directly to your phone. They're partnered with AT and T

0:00:57.160 --> 0:00:59.120
<v Speaker 4>and Verizon or AT and T and a number of

0:00:59.160 --> 0:01:02.000
<v Speaker 4>other provide. But the big news that is driving the

0:01:02.040 --> 0:01:06.720
<v Speaker 4>move today is that the missile Events contract status was updated.

0:01:06.720 --> 0:01:09.120
<v Speaker 4>According to the company, they're now going to be in

0:01:09.160 --> 0:01:13.160
<v Speaker 4>a position for the US Missile Defense Agency's shield program

0:01:13.200 --> 0:01:16.600
<v Speaker 4>connected to Donald Trump's Golden Dome effort. This is definitely

0:01:16.640 --> 0:01:19.200
<v Speaker 4>a retail favorite. I don't know if I'll call it

0:01:19.200 --> 0:01:22.760
<v Speaker 4>a meme stock, but anytime you see space, clean energy,

0:01:23.160 --> 0:01:27.120
<v Speaker 4>or the kind of other industries like quantum, it typically

0:01:27.160 --> 0:01:27.919
<v Speaker 4>gets people excited.

0:01:27.880 --> 0:01:31.000
<v Speaker 3>It gets me right. Yeah, a popular one on Reddit.

0:01:31.280 --> 0:01:33.959
<v Speaker 4>Definitely one on Reddit. They have a following called the

0:01:34.000 --> 0:01:38.160
<v Speaker 4>space Mob. Also relatively heavily shortened, about seventeen percent of

0:01:38.160 --> 0:01:41.160
<v Speaker 4>share shortened. Was closer to twenty five a little while ago,

0:01:41.240 --> 0:01:43.320
<v Speaker 4>but certainly a volatile ride.

0:01:43.400 --> 0:01:46.880
<v Speaker 1>Yeah, that's definitely a defining characteristic of a stock popular

0:01:46.920 --> 0:01:47.960
<v Speaker 1>with the retail crowd.

0:01:48.080 --> 0:01:50.520
<v Speaker 3>All right, you're also looking at banks, but somewhat smaller

0:01:50.600 --> 0:01:51.760
<v Speaker 3>than the big banks.

0:01:51.400 --> 0:01:53.480
<v Speaker 4>Smaller banks, regional banks. You got to give them their

0:01:53.520 --> 0:01:56.560
<v Speaker 4>time in the sun. An eighty seven billion dollar company

0:01:56.560 --> 0:02:00.240
<v Speaker 4>PNC financial ticker is PNC right now. The stock got

0:02:00.240 --> 0:02:02.920
<v Speaker 4>more than three percent tritting at the highest level in

0:02:03.000 --> 0:02:05.480
<v Speaker 4>about four years, which is crazy to say, I keep

0:02:05.480 --> 0:02:08.200
<v Speaker 4>forgetting its twenty twenty six. This came after the regional

0:02:08.240 --> 0:02:11.000
<v Speaker 4>bank beat expectations on revenue EPs, coming in ahead of

0:02:11.000 --> 0:02:12.840
<v Speaker 4>what analysts we're looking for you look kind of at

0:02:12.840 --> 0:02:16.200
<v Speaker 4>the initial reaction from the cell side, basically calling out

0:02:16.400 --> 0:02:19.520
<v Speaker 4>their net interest income and II basically how much these

0:02:19.560 --> 0:02:24.000
<v Speaker 4>banks make off of loans. Better than expected modest balance

0:02:24.000 --> 0:02:27.040
<v Speaker 4>sheet growth though according to BARED analysts, but certainly seems

0:02:27.080 --> 0:02:31.399
<v Speaker 4>like the fundamentals under the surface, improving credit trends, things

0:02:31.400 --> 0:02:31.959
<v Speaker 4>of that nature.

0:02:32.280 --> 0:02:34.559
<v Speaker 3>And one more that's on your list today, Bailey.

0:02:34.560 --> 0:02:37.760
<v Speaker 4>Looking at the worst seller worst performers in the S

0:02:37.800 --> 0:02:39.840
<v Speaker 4>and P five hundred, talking about those energy socks. I

0:02:39.840 --> 0:02:41.080
<v Speaker 4>know you guys are going to dive into this in

0:02:41.120 --> 0:02:44.120
<v Speaker 4>a bit, but looking at Vistra ticker VST right now

0:02:44.800 --> 0:02:48.200
<v Speaker 4>down close to seven percent, Constellation Energy down almost eight percent.

0:02:48.680 --> 0:02:53.000
<v Speaker 4>Ticker for Vistra's VST Constellation is CEG. This comes after

0:02:53.240 --> 0:02:55.919
<v Speaker 4>President Trump and governors of a number of states here

0:02:55.919 --> 0:03:00.440
<v Speaker 4>in the Northeast pushing for an emergency wholesale elect tricity

0:03:00.480 --> 0:03:05.160
<v Speaker 4>auction that would encourage tech giants to pay to basically

0:03:05.240 --> 0:03:07.640
<v Speaker 4>to play. So we're seeing some of these companies that

0:03:07.680 --> 0:03:10.880
<v Speaker 4>have been long riding this bull momentum on second and

0:03:10.919 --> 0:03:14.320
<v Speaker 4>third derivative plays around the AI theme underperforming and also

0:03:14.360 --> 0:03:17.000
<v Speaker 4>just going to call out the outperformer in that kind

0:03:17.000 --> 0:03:22.560
<v Speaker 4>of industry ge Vernova, Tick or GeV they make wind

0:03:22.639 --> 0:03:25.160
<v Speaker 4>sales wind turbines. They're up about five and a half percent.

0:03:26.560 --> 0:03:30.600
<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

0:03:30.680 --> 0:03:33.239
<v Speaker 2>us throughout the day for the latest roundup of companies

0:03:33.320 --> 0:03:36.440
<v Speaker 2>making news on Wall Street and for the latest market

0:03:36.440 --> 0:03:40.920
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:03:41.000 --> 0:03:44.520
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:03:44.560 --> 0:03:46.080
<v Speaker 2>the Bloomberg Business app.