WEBVTT - Netflix Sinks on Latest Warner Bros. Takeover Drama, Carvana & Meta Jump

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Carol Messer along at Tim Standvec. Let's get though

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<v Speaker 1>to some stocks on the move on this Thursday Bloomberg

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<v Speaker 1>News process. That Reporterjnita Sokova with us, and we start

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<v Speaker 1>with the m and a pursuit of Warner Brothers Discovery.

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<v Speaker 1>That's going to be a streaming story someday. But anyway,

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<v Speaker 1>where are we exactly?

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<v Speaker 3>It's part of the daily news check. We're talking about Netflix.

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<v Speaker 3>It's very interesting. So if Netflix is down more than

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<v Speaker 3>two percent, Paramount's guidence is up more than two percent.

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<v Speaker 3>The two respective tickers are NFLX and ps KY. There

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<v Speaker 3>is yet another extension to attend they're all for. The

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<v Speaker 3>latest data date we have is February twenty four. The

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<v Speaker 3>paramounts Kaidence Sofa. The company said it would ask investors

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<v Speaker 3>to vote against the proposed sale. It's been a pretty

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<v Speaker 3>rough stretch for Netflix ever since that deal and to

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<v Speaker 3>talk about it emerged. The company is actually down thirty

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<v Speaker 3>eight percent since its peak. Warner Brothers is planning a

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<v Speaker 3>special meeting to approve the Netflix deal by April. Paramount

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<v Speaker 3>has very little time to get their part of the offer.

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<v Speaker 3>Netflix shares tumblot yesterday. It was a pretty rough day

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<v Speaker 3>for the company that's extending that stretch. What we saw

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<v Speaker 3>some interesting detail is closing the Warner brother deals will

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<v Speaker 3>add two hundred and seventy five million costs for this

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<v Speaker 3>year on tops of sixty million spent through the end

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<v Speaker 3>of twenty twenty five. So things are getting more complicated

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<v Speaker 3>for investors, and they will piles share boy bags. So

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<v Speaker 3>there was some nativity connected with that.

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<v Speaker 1>It's really fascinating. You go to the Bloomberg and you

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<v Speaker 1>do graphs on Paramount, sky Dance and Netflix. You know,

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<v Speaker 1>it's these charts that just kind of go down, like

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<v Speaker 1>go down. It's a good ski slope you might enjoy

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<v Speaker 1>skiing on. And then you get a Warner Brothers Discovery

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<v Speaker 1>and you just see it going, Yeah, if you get it.

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<v Speaker 3>No matter what, most Netflix go down.

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<v Speaker 1>Paramoun's guidance like it's been under pressure, but.

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<v Speaker 4>Netflix at this point is the clear favorite, and investors

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<v Speaker 4>don't like that. Yeah, they're very concerned about the spend.

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<v Speaker 3>When we got the announcement, there was a negative reaction.

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<v Speaker 3>Now we have announcement of extend the tender deal, we

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<v Speaker 3>still have a negative reaction for Netflix.

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<v Speaker 1>So do it already. I know, all right, let's go

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<v Speaker 1>to Caravana. I've been keeping an eye on this one today.

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<v Speaker 3>Very different story. Companies down is up more than four percent,

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<v Speaker 3>ticker CVNA. We're seeing a lot of upgrades. The most

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<v Speaker 3>recent one is Barkley's and it's pretty optimistic. The target

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<v Speaker 3>is five hundred and thirty dollars, up from four hundred

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<v Speaker 3>and sixty five. Pretty interesting story. They're saying increase, profit, increase.

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<v Speaker 3>They're saying twenty twenty six. They raise their volume forecast,

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<v Speaker 3>but it's coming on top of a lot of bullish sentiment.

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<v Speaker 3>UBS raised their target. Morgan Stanley had a really interesting note,

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<v Speaker 3>so they have a super bullish target that they increased

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<v Speaker 3>earlier this month. The current target is seven hundred and

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<v Speaker 3>fifty dollars and it's coming back to that self driving cars,

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<v Speaker 3>so Kravana is acquiring more of those car dealership in regions,

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<v Speaker 3>data expanding in self crift driving like Phoenix Dollars, San Diego,

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<v Speaker 3>and more recently seeing a lot of potential with that

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<v Speaker 3>and perhaps some of those additional upgrades we're seeing are

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<v Speaker 3>happening because of that, and they see potential for partnership

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<v Speaker 3>with way More and Kirvana expanding in that field. The

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<v Speaker 3>company had one hundred percent gain last year. Well, it's

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<v Speaker 3>pretty impressed.

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<v Speaker 1>I'm so glad you went there. I pulled it up

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<v Speaker 1>on the Bloomberg did the HCPI year function. So it

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<v Speaker 1>was around a five dollars stock at the end of

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<v Speaker 1>twenty twenty two. Since then, it's up eighty eight hundred percent.

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<v Speaker 1>It's the end of twenty twenty two.

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<v Speaker 3>It's incredible.

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<v Speaker 1>Put all our money in there.

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<v Speaker 3>We have Morgan stantly target of seven hundred and fifty.

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<v Speaker 1>This is great.

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<v Speaker 3>This is their bullish target.

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<v Speaker 1>Just say, but you're right.

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<v Speaker 4>Oh, there were some times where there were concerns about

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<v Speaker 4>you know, the viabilit Back to that time.

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<v Speaker 1>About twelve percent of the float is short.

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<v Speaker 4>Okay, what's your last one?

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<v Speaker 3>Meta, Let's have some good news for text socks. They've

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<v Speaker 3>been under a lot of pressure, and Meta of all

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<v Speaker 3>of them, has been under a lot of pressure. The

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<v Speaker 3>company is now up five and a half percent. There

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<v Speaker 3>is some optimism with Jeffries. It's coming off the company

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<v Speaker 3>being under so much pressure lately, especially against Alphabet and Amazon.

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<v Speaker 3>They're pretty much saying, oh, this company has been under

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<v Speaker 3>such a big sell off that it makes sense to

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<v Speaker 3>buy it now. They also reiterate their price target, which

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<v Speaker 3>is very, very bullish. It's nine hundred and ten dollars.

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<v Speaker 3>They're seeing a lot of optimism there. They're saying they're

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<v Speaker 3>going to have a lot of new developments in twenty

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<v Speaker 3>twenty six cups to their AI with text and video

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<v Speaker 3>that will really help. We're yet to see, but as

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<v Speaker 3>we know, a lot of the concerns started with their

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<v Speaker 3>last earnings report. Meta is actually down eighteen percent since then,

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<v Speaker 3>and we had some pretty big numbers about capital expenditure

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<v Speaker 3>around one hundred and ten billions, so a lot of

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<v Speaker 3>pressure from there. It's like a fifty percent increase year

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<v Speaker 3>over year. So ever since, investors have been pretty jittery

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<v Speaker 3>about metal spending. But today some relief.

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<v Speaker 1>Company reports January twenty eighth after market, so we'll see

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<v Speaker 1>what kind of capex spend is going on. All right,

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<v Speaker 1>good stuff?

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<v Speaker 4>What next week's gonna be a big one.

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<v Speaker 2>It's going to be.

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<v Speaker 4>This is the it's the week of the quarter that

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<v Speaker 4>we're all with.

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<v Speaker 1>It's also a FED meeting FED decision.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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