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 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,640 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,640 --> 00:00:22,200 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis, watching not 6 00:00:22,560 --> 00:00:26,520 Speaker 1: just stocks affected by AI disruption. We've got a big 7 00:00:26,600 --> 00:00:29,480 Speaker 1: earning story to tell from Home Depot this morning. Dan, 8 00:00:29,520 --> 00:00:31,040 Speaker 1: Good morning, Good morning. 9 00:00:31,080 --> 00:00:33,120 Speaker 3: Yes, that's right. We're not leading with AI, so it's 10 00:00:33,280 --> 00:00:36,199 Speaker 3: a nice break to look at the home improvement retailer. 11 00:00:36,520 --> 00:00:39,519 Speaker 3: Home Depot. Fourth quarter revenue was a slight miss, but 12 00:00:39,600 --> 00:00:43,240 Speaker 3: same store sales growth and earnings both came in above estimates. 13 00:00:43,280 --> 00:00:46,080 Speaker 3: That has the stock up over two percent in the 14 00:00:46,120 --> 00:00:50,120 Speaker 3: pre market. Comparable sales for the quarter groove point four percent. 15 00:00:50,280 --> 00:00:53,880 Speaker 3: The estimate was a contraction by that much stronger than expected. 16 00:00:53,960 --> 00:00:57,240 Speaker 3: It's a sign of appetite for home projects despite inflation 17 00:00:57,320 --> 00:01:01,120 Speaker 3: concerns and despite declines in home price is across the country. 18 00:01:01,320 --> 00:01:04,840 Speaker 3: Home Depot maintained its full year forecast. The CFO noted 19 00:01:04,880 --> 00:01:07,319 Speaker 3: that everything was moving in the right direction, but just 20 00:01:07,400 --> 00:01:09,880 Speaker 3: at a very slow rate. The stock up two percent 21 00:01:10,000 --> 00:01:11,400 Speaker 3: so not a slow rebound. 22 00:01:12,120 --> 00:01:15,600 Speaker 1: Well, we've been reporting that Paramount Skydance has sweetened its 23 00:01:15,600 --> 00:01:19,600 Speaker 1: offer for Warner Brothers Discovery. Is that moving those stocks 24 00:01:19,600 --> 00:01:19,920 Speaker 1: at all? 25 00:01:20,640 --> 00:01:23,080 Speaker 3: It's a tiny move in the pre market. Warner Brothers 26 00:01:23,160 --> 00:01:25,880 Speaker 3: up less than one percent. It's trading at twenty nine 27 00:01:25,920 --> 00:01:30,160 Speaker 3: dollars and fifteen cents a share. That's just under the 28 00:01:30,480 --> 00:01:33,279 Speaker 3: thirty dollars a share that Paramount did have on the board. 29 00:01:33,440 --> 00:01:37,000 Speaker 3: But sources a cord familiar with the matter say that 30 00:01:37,080 --> 00:01:39,480 Speaker 3: it's going that Paramount will improve the offer to a 31 00:01:39,560 --> 00:01:44,160 Speaker 3: higher price and address concerns, including greater certainty of financing. 32 00:01:44,360 --> 00:01:46,440 Speaker 3: That details are not public, so we're going to wait 33 00:01:46,440 --> 00:01:49,320 Speaker 3: to see if they filter through. Warner had agreed to 34 00:01:49,320 --> 00:01:53,880 Speaker 3: sell its film, TV studios and HBO to Netflix Business 35 00:01:53,880 --> 00:01:56,919 Speaker 3: sorry NHBO Business two Netflix for twenty seven to seventy 36 00:01:56,920 --> 00:01:59,880 Speaker 3: five spin off cable networks. So Warner Brothers right now 37 00:02:00,880 --> 00:02:02,520 Speaker 3: is just trying to find out what's the best deal 38 00:02:02,520 --> 00:02:04,160 Speaker 3: on the table and if Paramount can top that. 39 00:02:04,480 --> 00:02:08,400 Speaker 1: Okay, Well, we continue to watch Blue Owl capital move 40 00:02:08,480 --> 00:02:11,480 Speaker 1: to the downside. It seems the pressure on private credit 41 00:02:11,560 --> 00:02:12,080 Speaker 1: isn't over. 42 00:02:12,840 --> 00:02:15,400 Speaker 3: It is not, so Blue Owl shares are down three 43 00:02:15,480 --> 00:02:17,880 Speaker 3: percent in the pre market. That's after they've already fallen 44 00:02:17,919 --> 00:02:22,239 Speaker 3: thirty percent this year so far. Blue Owl got downgraded 45 00:02:22,240 --> 00:02:24,600 Speaker 3: to a hold at Deutsche Bank, which also cut the 46 00:02:24,639 --> 00:02:27,560 Speaker 3: price target. Deutsche Bank's price target of ten dollars a 47 00:02:27,560 --> 00:02:31,000 Speaker 3: share is now the street low. Blue Owl for references 48 00:02:31,080 --> 00:02:34,480 Speaker 3: trading just above that at ten ten, so hold and 49 00:02:34,919 --> 00:02:38,600 Speaker 3: basically flat price from Deutsche Bank. The analysi's moderately more 50 00:02:38,680 --> 00:02:42,040 Speaker 3: challenging environment for retail private credit product flows, and it's 51 00:02:42,080 --> 00:02:44,520 Speaker 3: been a bit of a controversial area or maybe an 52 00:02:44,560 --> 00:02:47,600 Speaker 3: area for opportunity because BAA said that Blue Owl is 53 00:02:47,639 --> 00:02:50,280 Speaker 3: a buying opportunity. They came out with that yesterday saying 54 00:02:50,320 --> 00:02:54,200 Speaker 3: a lot of misinformation around this. Markets are thinking that 55 00:02:54,320 --> 00:02:57,120 Speaker 3: there's more downside ahead. Those shares down three percent in 56 00:02:57,160 --> 00:02:57,720 Speaker 3: pre market. 57 00:02:58,160 --> 00:02:58,720 Speaker 2: At least some. 58 00:02:58,760 --> 00:03:01,720 Speaker 1: Stocks might be a move to the upside around the 59 00:03:01,919 --> 00:03:04,359 Speaker 1: artificial intelligence story. One of those looks like it could 60 00:03:04,360 --> 00:03:05,040 Speaker 1: be sand Disk. 61 00:03:05,680 --> 00:03:07,840 Speaker 3: That's right, So sand Disc is a memory maker. It's 62 00:03:07,880 --> 00:03:11,160 Speaker 3: been a massive beneficiary of all the AI spending because 63 00:03:11,160 --> 00:03:14,400 Speaker 3: in video's new aichips require lots and lots of memory. 64 00:03:14,840 --> 00:03:17,480 Speaker 3: That share already up one hundred and eighty percent year 65 00:03:17,520 --> 00:03:20,080 Speaker 3: to date, and it's rising another three percent in the 66 00:03:20,120 --> 00:03:24,760 Speaker 3: pre market as the AI build out trade keeps on continuing. 67 00:03:25,080 --> 00:03:28,560 Speaker 3: Corning also up, that's one point eight percent. It's generally 68 00:03:28,760 --> 00:03:31,880 Speaker 3: a glass company, but it also makes fiber optics cable. 69 00:03:31,919 --> 00:03:35,960 Speaker 3: It recently inked a multi billion dollar deal with Meta, 70 00:03:36,040 --> 00:03:38,440 Speaker 3: so that's been a recent AI trade. That's up nearly 71 00:03:38,480 --> 00:03:41,320 Speaker 3: two percent in pre market. And even IBM, which took 72 00:03:41,320 --> 00:03:44,840 Speaker 3: a big hit yesterday falling over thirteen percent, that's getting 73 00:03:44,840 --> 00:03:46,400 Speaker 3: a little bit of a rebound. It's a little bit 74 00:03:46,400 --> 00:03:48,760 Speaker 3: of dip buying on some of the AI sacrifices in 75 00:03:48,800 --> 00:03:49,520 Speaker 3: the market of late. 76 00:03:49,800 --> 00:03:52,120 Speaker 1: In thirty seconds, let's close out with the biggest gainer 77 00:03:52,160 --> 00:03:54,440 Speaker 1: in the pre market, Key Site Technology. 78 00:03:54,960 --> 00:03:57,680 Speaker 3: That's right, so it's a measurement instrument company. Fiscal first 79 00:03:57,720 --> 00:04:01,240 Speaker 3: quarter revenue and adjusted earnings both beat, benefiting from AI 80 00:04:01,320 --> 00:04:04,920 Speaker 3: workloads as well as the wireless and defense business. That's poppin' 81 00:04:04,920 --> 00:04:08,440 Speaker 3: the stock fifteen percent in pre market ticker k e YS. 82 00:04:09,480 --> 00:04:13,520 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 83 00:04:13,600 --> 00:04:16,160 Speaker 2: us throughout the day for the latest roundup of companies 84 00:04:16,240 --> 00:04:19,320 Speaker 2: making news on Wall Street and for the latest market 85 00:04:19,360 --> 00:04:23,839 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 86 00:04:23,920 --> 00:04:27,400 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 87 00:04:27,480 --> 00:04:28,960 Speaker 2: the Bloomberg Business app.