Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers report, your roundup of companies making moves in
Speaker 2: the stock market harnessing the power of Bloomberg Data.
Speaker 1: Stocks are waivering a bit today, but we all are
Speaker 1: still trading your record heis, and we're confronting a high
Speaker 1: stakes earning season that we'll put this rally to the test,
Speaker 1: so there is a lot to discuss. We will do
Speaker 1: that with Bailey Lipshalt, a senior equities reporter on our team.
Speaker 3: Here, Bailey, what are you watching?
Speaker 1: Yeah?
Speaker 4: I want to start with a name that maybe is
Speaker 4: a bit more niche. Ast Space Mobile ticker ASTs stock's
Speaker 4: up seventeen percent. Guys, the stock is up four hundred
Speaker 4: and sixty five percent in the last twelve months. They
Speaker 4: operate in space. Their big mission is to compete with Starlinks,
Speaker 4: so they really want to use kind of their constellation
Speaker 4: in the sky to be able to beam internet connection
Speaker 4: directly to your phone. They're partnered with AT and T
Speaker 4: and Verizon or AT and T and a number of
Speaker 4: other provide. But the big news that is driving the
Speaker 4: move today is that the missile Events contract status was updated.
Speaker 4: According to the company, they're now going to be in
Speaker 4: a position for the US Missile Defense Agency's shield program
Speaker 4: connected to Donald Trump's Golden Dome effort. This is definitely
Speaker 4: a retail favorite. I don't know if I'll call it
Speaker 4: a meme stock, but anytime you see space, clean energy,
Speaker 4: or the kind of other industries like quantum, it typically
Speaker 4: gets people excited.
Speaker 3: It gets me right. Yeah, a popular one on Reddit.
Speaker 4: Definitely one on Reddit. They have a following called the
Speaker 4: space Mob. Also relatively heavily shortened, about seventeen percent of
Speaker 4: share shortened. Was closer to twenty five a little while ago,
Speaker 4: but certainly a volatile ride.
Speaker 1: Yeah, that's definitely a defining characteristic of a stock popular
Speaker 1: with the retail crowd.
Speaker 3: All right, you're also looking at banks, but somewhat smaller
Speaker 3: than the big banks.
Speaker 4: Smaller banks, regional banks. You got to give them their
Speaker 4: time in the sun. An eighty seven billion dollar company
Speaker 4: PNC financial ticker is PNC right now. The stock got
Speaker 4: more than three percent tritting at the highest level in
Speaker 4: about four years, which is crazy to say, I keep
Speaker 4: forgetting its twenty twenty six. This came after the regional
Speaker 4: bank beat expectations on revenue EPs, coming in ahead of
Speaker 4: what analysts we're looking for you look kind of at
Speaker 4: the initial reaction from the cell side, basically calling out
Speaker 4: their net interest income and II basically how much these
Speaker 4: banks make off of loans. Better than expected modest balance
Speaker 4: sheet growth though according to BARED analysts, but certainly seems
Speaker 4: like the fundamentals under the surface, improving credit trends, things
Speaker 4: of that nature.
Speaker 3: And one more that's on your list today, Bailey.
Speaker 4: Looking at the worst seller worst performers in the S
Speaker 4: and P five hundred, talking about those energy socks. I
Speaker 4: know you guys are going to dive into this in
Speaker 4: a bit, but looking at Vistra ticker VST right now
Speaker 4: down close to seven percent, Constellation Energy down almost eight percent.
Speaker 4: Ticker for Vistra's VST Constellation is CEG. This comes after
Speaker 4: President Trump and governors of a number of states here
Speaker 4: in the Northeast pushing for an emergency wholesale elect tricity
Speaker 4: auction that would encourage tech giants to pay to basically
Speaker 4: to play. So we're seeing some of these companies that
Speaker 4: have been long riding this bull momentum on second and
Speaker 4: third derivative plays around the AI theme underperforming and also
Speaker 4: just going to call out the outperformer in that kind
Speaker 4: of industry ge Vernova, Tick or GeV they make wind
Speaker 4: sales wind turbines. They're up about five and a half percent.
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