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: I'm Carol Messer along at Tim Standvec. Let's get though
Speaker 1: to some stocks on the move on this Thursday Bloomberg
Speaker 1: News process. That Reporterjnita Sokova with us, and we start
Speaker 1: with the m and a pursuit of Warner Brothers Discovery.
Speaker 1: That's going to be a streaming story someday. But anyway,
Speaker 1: where are we exactly?
Speaker 3: It's part of the daily news check. We're talking about Netflix.
Speaker 3: It's very interesting. So if Netflix is down more than
Speaker 3: two percent, Paramount's guidence is up more than two percent.
Speaker 3: The two respective tickers are NFLX and ps KY. There
Speaker 3: is yet another extension to attend they're all for. The
Speaker 3: latest data date we have is February twenty four. The
Speaker 3: paramounts Kaidence Sofa. The company said it would ask investors
Speaker 3: to vote against the proposed sale. It's been a pretty
Speaker 3: rough stretch for Netflix ever since that deal and to
Speaker 3: talk about it emerged. The company is actually down thirty
Speaker 3: eight percent since its peak. Warner Brothers is planning a
Speaker 3: special meeting to approve the Netflix deal by April. Paramount
Speaker 3: has very little time to get their part of the offer.
Speaker 3: Netflix shares tumblot yesterday. It was a pretty rough day
Speaker 3: for the company that's extending that stretch. What we saw
Speaker 3: some interesting detail is closing the Warner brother deals will
Speaker 3: add two hundred and seventy five million costs for this
Speaker 3: year on tops of sixty million spent through the end
Speaker 3: of twenty twenty five. So things are getting more complicated
Speaker 3: for investors, and they will piles share boy bags. So
Speaker 3: there was some nativity connected with that.
Speaker 1: It's really fascinating. You go to the Bloomberg and you
Speaker 1: do graphs on Paramount, sky Dance and Netflix. You know,
Speaker 1: it's these charts that just kind of go down, like
Speaker 1: go down. It's a good ski slope you might enjoy
Speaker 1: skiing on. And then you get a Warner Brothers Discovery
Speaker 1: and you just see it going, Yeah, if you get it.
Speaker 3: No matter what, most Netflix go down.
Speaker 1: Paramoun's guidance like it's been under pressure, but.
Speaker 4: Netflix at this point is the clear favorite, and investors
Speaker 4: don't like that. Yeah, they're very concerned about the spend.
Speaker 3: When we got the announcement, there was a negative reaction.
Speaker 3: Now we have announcement of extend the tender deal, we
Speaker 3: still have a negative reaction for Netflix.
Speaker 1: So do it already. I know, all right, let's go
Speaker 1: to Caravana. I've been keeping an eye on this one today.
Speaker 3: Very different story. Companies down is up more than four percent,
Speaker 3: ticker CVNA. We're seeing a lot of upgrades. The most
Speaker 3: recent one is Barkley's and it's pretty optimistic. The target
Speaker 3: is five hundred and thirty dollars, up from four hundred
Speaker 3: and sixty five. Pretty interesting story. They're saying increase, profit, increase.
Speaker 3: They're saying twenty twenty six. They raise their volume forecast,
Speaker 3: but it's coming on top of a lot of bullish sentiment.
Speaker 3: UBS raised their target. Morgan Stanley had a really interesting note,
Speaker 3: so they have a super bullish target that they increased
Speaker 3: earlier this month. The current target is seven hundred and
Speaker 3: fifty dollars and it's coming back to that self driving cars,
Speaker 3: so Kravana is acquiring more of those car dealership in regions,
Speaker 3: data expanding in self crift driving like Phoenix Dollars, San Diego,
Speaker 3: and more recently seeing a lot of potential with that
Speaker 3: and perhaps some of those additional upgrades we're seeing are
Speaker 3: happening because of that, and they see potential for partnership
Speaker 3: with way More and Kirvana expanding in that field. The
Speaker 3: company had one hundred percent gain last year. Well, it's
Speaker 3: pretty impressed.
Speaker 1: I'm so glad you went there. I pulled it up
Speaker 1: on the Bloomberg did the HCPI year function. So it
Speaker 1: was around a five dollars stock at the end of
Speaker 1: twenty twenty two. Since then, it's up eighty eight hundred percent.
Speaker 1: It's the end of twenty twenty two.
Speaker 3: It's incredible.
Speaker 1: Put all our money in there.
Speaker 3: We have Morgan stantly target of seven hundred and fifty.
Speaker 1: This is great.
Speaker 3: This is their bullish target.
Speaker 1: Just say, but you're right.
Speaker 4: Oh, there were some times where there were concerns about
Speaker 4: you know, the viabilit Back to that time.
Speaker 1: About twelve percent of the float is short.
Speaker 4: Okay, what's your last one?
Speaker 3: Meta, Let's have some good news for text socks. They've
Speaker 3: been under a lot of pressure, and Meta of all
Speaker 3: of them, has been under a lot of pressure. The
Speaker 3: company is now up five and a half percent. There
Speaker 3: is some optimism with Jeffries. It's coming off the company
Speaker 3: being under so much pressure lately, especially against Alphabet and Amazon.
Speaker 3: They're pretty much saying, oh, this company has been under
Speaker 3: such a big sell off that it makes sense to
Speaker 3: buy it now. They also reiterate their price target, which
Speaker 3: is very, very bullish. It's nine hundred and ten dollars.
Speaker 3: They're seeing a lot of optimism there. They're saying they're
Speaker 3: going to have a lot of new developments in twenty
Speaker 3: twenty six cups to their AI with text and video
Speaker 3: that will really help. We're yet to see, but as
Speaker 3: we know, a lot of the concerns started with their
Speaker 3: last earnings report. Meta is actually down eighteen percent since then,
Speaker 3: and we had some pretty big numbers about capital expenditure
Speaker 3: around one hundred and ten billions, so a lot of
Speaker 3: pressure from there. It's like a fifty percent increase year
Speaker 3: over year. So ever since, investors have been pretty jittery
Speaker 3: about metal spending. But today some relief.
Speaker 1: Company reports January twenty eighth after market, so we'll see
Speaker 1: what kind of capex spend is going on. All right,
Speaker 1: good stuff?
Speaker 4: What next week's gonna be a big one.
Speaker 2: It's going to be.
Speaker 4: This is the it's the week of the quarter that
Speaker 4: we're all with.
Speaker 1: It's also a FED meeting FED decision.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
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