1 00:00:02,480 --> 00:00:08,640 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The. 2 00:00:08,680 --> 00:00:12,480 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,560 --> 00:00:16,240 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:19,079 Speaker 1: I'm Carol Messer along at Tim Standvec. Let's get though 5 00:00:19,120 --> 00:00:21,599 Speaker 1: to some stocks on the move on this Thursday Bloomberg 6 00:00:21,640 --> 00:00:25,720 Speaker 1: News process. That Reporterjnita Sokova with us, and we start 7 00:00:25,840 --> 00:00:29,960 Speaker 1: with the m and a pursuit of Warner Brothers Discovery. 8 00:00:29,960 --> 00:00:31,840 Speaker 1: That's going to be a streaming story someday. But anyway, 9 00:00:31,880 --> 00:00:32,800 Speaker 1: where are we exactly? 10 00:00:32,840 --> 00:00:35,920 Speaker 3: It's part of the daily news check. We're talking about Netflix. 11 00:00:36,120 --> 00:00:38,680 Speaker 3: It's very interesting. So if Netflix is down more than 12 00:00:38,720 --> 00:00:42,280 Speaker 3: two percent, Paramount's guidence is up more than two percent. 13 00:00:42,320 --> 00:00:47,840 Speaker 3: The two respective tickers are NFLX and ps KY. There 14 00:00:47,960 --> 00:00:50,320 Speaker 3: is yet another extension to attend they're all for. The 15 00:00:50,400 --> 00:00:53,640 Speaker 3: latest data date we have is February twenty four. The 16 00:00:53,680 --> 00:00:57,360 Speaker 3: paramounts Kaidence Sofa. The company said it would ask investors 17 00:00:57,400 --> 00:01:00,960 Speaker 3: to vote against the proposed sale. It's been a pretty 18 00:01:01,120 --> 00:01:04,840 Speaker 3: rough stretch for Netflix ever since that deal and to 19 00:01:04,920 --> 00:01:08,080 Speaker 3: talk about it emerged. The company is actually down thirty 20 00:01:08,160 --> 00:01:12,920 Speaker 3: eight percent since its peak. Warner Brothers is planning a 21 00:01:12,959 --> 00:01:15,880 Speaker 3: special meeting to approve the Netflix deal by April. Paramount 22 00:01:15,880 --> 00:01:20,559 Speaker 3: has very little time to get their part of the offer. 23 00:01:21,240 --> 00:01:25,280 Speaker 3: Netflix shares tumblot yesterday. It was a pretty rough day 24 00:01:25,319 --> 00:01:28,240 Speaker 3: for the company that's extending that stretch. What we saw 25 00:01:28,480 --> 00:01:31,720 Speaker 3: some interesting detail is closing the Warner brother deals will 26 00:01:31,720 --> 00:01:34,679 Speaker 3: add two hundred and seventy five million costs for this 27 00:01:34,840 --> 00:01:37,840 Speaker 3: year on tops of sixty million spent through the end 28 00:01:37,840 --> 00:01:40,200 Speaker 3: of twenty twenty five. So things are getting more complicated 29 00:01:40,240 --> 00:01:44,520 Speaker 3: for investors, and they will piles share boy bags. So 30 00:01:44,600 --> 00:01:46,240 Speaker 3: there was some nativity connected with that. 31 00:01:46,400 --> 00:01:48,360 Speaker 1: It's really fascinating. You go to the Bloomberg and you 32 00:01:48,400 --> 00:01:51,800 Speaker 1: do graphs on Paramount, sky Dance and Netflix. You know, 33 00:01:51,840 --> 00:01:53,920 Speaker 1: it's these charts that just kind of go down, like 34 00:01:54,000 --> 00:01:56,080 Speaker 1: go down. It's a good ski slope you might enjoy 35 00:01:56,240 --> 00:01:58,640 Speaker 1: skiing on. And then you get a Warner Brothers Discovery 36 00:01:58,640 --> 00:02:01,280 Speaker 1: and you just see it going, Yeah, if you get it. 37 00:02:01,480 --> 00:02:03,480 Speaker 3: No matter what, most Netflix go down. 38 00:02:04,640 --> 00:02:07,000 Speaker 1: Paramoun's guidance like it's been under pressure, but. 39 00:02:07,000 --> 00:02:10,880 Speaker 4: Netflix at this point is the clear favorite, and investors 40 00:02:10,919 --> 00:02:13,600 Speaker 4: don't like that. Yeah, they're very concerned about the spend. 41 00:02:13,720 --> 00:02:16,079 Speaker 3: When we got the announcement, there was a negative reaction. 42 00:02:16,160 --> 00:02:18,480 Speaker 3: Now we have announcement of extend the tender deal, we 43 00:02:18,520 --> 00:02:20,200 Speaker 3: still have a negative reaction for Netflix. 44 00:02:20,240 --> 00:02:23,919 Speaker 1: So do it already. I know, all right, let's go 45 00:02:24,000 --> 00:02:26,040 Speaker 1: to Caravana. I've been keeping an eye on this one today. 46 00:02:26,200 --> 00:02:30,280 Speaker 3: Very different story. Companies down is up more than four percent, 47 00:02:30,360 --> 00:02:34,000 Speaker 3: ticker CVNA. We're seeing a lot of upgrades. The most 48 00:02:34,000 --> 00:02:37,160 Speaker 3: recent one is Barkley's and it's pretty optimistic. The target 49 00:02:37,200 --> 00:02:39,840 Speaker 3: is five hundred and thirty dollars, up from four hundred 50 00:02:39,880 --> 00:02:44,959 Speaker 3: and sixty five. Pretty interesting story. They're saying increase, profit, increase. 51 00:02:45,080 --> 00:02:48,240 Speaker 3: They're saying twenty twenty six. They raise their volume forecast, 52 00:02:48,440 --> 00:02:51,079 Speaker 3: but it's coming on top of a lot of bullish sentiment. 53 00:02:51,320 --> 00:02:55,000 Speaker 3: UBS raised their target. Morgan Stanley had a really interesting note, 54 00:02:55,000 --> 00:02:58,040 Speaker 3: so they have a super bullish target that they increased 55 00:02:58,040 --> 00:03:01,000 Speaker 3: earlier this month. The current target is seven hundred and 56 00:03:01,080 --> 00:03:04,960 Speaker 3: fifty dollars and it's coming back to that self driving cars, 57 00:03:05,120 --> 00:03:08,880 Speaker 3: so Kravana is acquiring more of those car dealership in regions, 58 00:03:08,960 --> 00:03:13,480 Speaker 3: data expanding in self crift driving like Phoenix Dollars, San Diego, 59 00:03:13,919 --> 00:03:16,679 Speaker 3: and more recently seeing a lot of potential with that 60 00:03:16,960 --> 00:03:20,560 Speaker 3: and perhaps some of those additional upgrades we're seeing are 61 00:03:20,600 --> 00:03:24,040 Speaker 3: happening because of that, and they see potential for partnership 62 00:03:24,120 --> 00:03:27,440 Speaker 3: with way More and Kirvana expanding in that field. The 63 00:03:27,480 --> 00:03:30,640 Speaker 3: company had one hundred percent gain last year. Well, it's 64 00:03:30,639 --> 00:03:31,280 Speaker 3: pretty impressed. 65 00:03:31,320 --> 00:03:32,840 Speaker 1: I'm so glad you went there. I pulled it up 66 00:03:32,840 --> 00:03:36,200 Speaker 1: on the Bloomberg did the HCPI year function. So it 67 00:03:36,360 --> 00:03:39,400 Speaker 1: was around a five dollars stock at the end of 68 00:03:39,440 --> 00:03:45,720 Speaker 1: twenty twenty two. Since then, it's up eighty eight hundred percent. 69 00:03:46,200 --> 00:03:47,640 Speaker 1: It's the end of twenty twenty two. 70 00:03:47,760 --> 00:03:48,440 Speaker 3: It's incredible. 71 00:03:48,560 --> 00:03:49,440 Speaker 1: Put all our money in there. 72 00:03:50,080 --> 00:03:53,040 Speaker 3: We have Morgan stantly target of seven hundred and fifty. 73 00:03:53,200 --> 00:03:53,640 Speaker 1: This is great. 74 00:03:53,720 --> 00:03:55,000 Speaker 3: This is their bullish target. 75 00:03:55,320 --> 00:03:56,960 Speaker 1: Just say, but you're right. 76 00:03:57,040 --> 00:03:59,160 Speaker 4: Oh, there were some times where there were concerns about 77 00:03:59,240 --> 00:04:01,600 Speaker 4: you know, the viabilit Back to that time. 78 00:04:01,720 --> 00:04:03,240 Speaker 1: About twelve percent of the float is short. 79 00:04:03,640 --> 00:04:05,800 Speaker 4: Okay, what's your last one? 80 00:04:06,120 --> 00:04:09,000 Speaker 3: Meta, Let's have some good news for text socks. They've 81 00:04:09,000 --> 00:04:11,840 Speaker 3: been under a lot of pressure, and Meta of all 82 00:04:11,880 --> 00:04:13,360 Speaker 3: of them, has been under a lot of pressure. The 83 00:04:13,360 --> 00:04:16,360 Speaker 3: company is now up five and a half percent. There 84 00:04:16,400 --> 00:04:20,040 Speaker 3: is some optimism with Jeffries. It's coming off the company 85 00:04:20,040 --> 00:04:23,920 Speaker 3: being under so much pressure lately, especially against Alphabet and Amazon. 86 00:04:24,080 --> 00:04:26,920 Speaker 3: They're pretty much saying, oh, this company has been under 87 00:04:26,960 --> 00:04:28,919 Speaker 3: such a big sell off that it makes sense to 88 00:04:29,160 --> 00:04:32,760 Speaker 3: buy it now. They also reiterate their price target, which 89 00:04:32,800 --> 00:04:36,000 Speaker 3: is very, very bullish. It's nine hundred and ten dollars. 90 00:04:36,480 --> 00:04:38,880 Speaker 3: They're seeing a lot of optimism there. They're saying they're 91 00:04:38,880 --> 00:04:40,520 Speaker 3: going to have a lot of new developments in twenty 92 00:04:40,560 --> 00:04:43,599 Speaker 3: twenty six cups to their AI with text and video 93 00:04:43,640 --> 00:04:46,040 Speaker 3: that will really help. We're yet to see, but as 94 00:04:46,080 --> 00:04:48,080 Speaker 3: we know, a lot of the concerns started with their 95 00:04:48,200 --> 00:04:51,880 Speaker 3: last earnings report. Meta is actually down eighteen percent since then, 96 00:04:52,240 --> 00:04:55,520 Speaker 3: and we had some pretty big numbers about capital expenditure 97 00:04:55,640 --> 00:04:58,760 Speaker 3: around one hundred and ten billions, so a lot of 98 00:04:58,800 --> 00:05:02,000 Speaker 3: pressure from there. It's like a fifty percent increase year 99 00:05:02,040 --> 00:05:05,640 Speaker 3: over year. So ever since, investors have been pretty jittery 100 00:05:05,720 --> 00:05:08,080 Speaker 3: about metal spending. But today some relief. 101 00:05:07,960 --> 00:05:11,479 Speaker 1: Company reports January twenty eighth after market, so we'll see 102 00:05:11,480 --> 00:05:13,480 Speaker 1: what kind of capex spend is going on. All right, 103 00:05:13,520 --> 00:05:14,000 Speaker 1: good stuff? 104 00:05:14,000 --> 00:05:15,479 Speaker 4: What next week's gonna be a big one. 105 00:05:16,000 --> 00:05:16,560 Speaker 2: It's going to be. 106 00:05:17,080 --> 00:05:18,680 Speaker 4: This is the it's the week of the quarter that 107 00:05:18,680 --> 00:05:19,000 Speaker 4: we're all with. 108 00:05:19,080 --> 00:05:21,279 Speaker 1: It's also a FED meeting FED decision. 109 00:05:23,720 --> 00:05:27,760 Speaker 2: This stock Movers report from Bloomberg Radio. 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