1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,680 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,720 --> 00:00:20,759 Speaker 1: I'm Scarlet Fu here at Paulsweeni and we are joined 6 00:00:20,760 --> 00:00:24,119 Speaker 1: by Tatiana Dari and Tatiana. We're looking at the US 7 00:00:24,160 --> 00:00:26,400 Speaker 1: government take stakes and yet another company. 8 00:00:26,680 --> 00:00:30,480 Speaker 3: Yes, and that company is Lithium America CEO tickers LAC 9 00:00:30,800 --> 00:00:34,080 Speaker 3: up about twenty two percent after the US government agreed 10 00:00:34,120 --> 00:00:36,840 Speaker 3: to acquire a five percent stake in the company as 11 00:00:36,880 --> 00:00:39,800 Speaker 3: it develops this lithium project in Nevada that is the 12 00:00:39,880 --> 00:00:43,400 Speaker 3: largest lithium deposit in the country. And just a reminder, 13 00:00:43,479 --> 00:00:46,000 Speaker 3: this is a key component that we use on lithium 14 00:00:46,000 --> 00:00:50,320 Speaker 3: ion batteries widely used in electric vehicles and other things. Well, 15 00:00:50,479 --> 00:00:54,080 Speaker 3: this also marks the Trump administration's latest effort to speed 16 00:00:54,160 --> 00:00:58,200 Speaker 3: the development of domestic supply chain to counter China's dominance 17 00:00:58,480 --> 00:01:03,440 Speaker 3: in these key medals critical to defense, automaker consumer electronics. 18 00:01:03,480 --> 00:01:06,400 Speaker 3: This comes after the company took a stake in Empy 19 00:01:06,440 --> 00:01:09,840 Speaker 3: Materials earlier in the summer. Also, the Intel steak and 20 00:01:10,200 --> 00:01:13,640 Speaker 3: mind you, this is a Canadian company, not American, even 21 00:01:13,680 --> 00:01:16,119 Speaker 3: though the Americas is in the name, So it tells 22 00:01:16,160 --> 00:01:20,160 Speaker 3: you foreign companies are not exempt if their supply is 23 00:01:20,160 --> 00:01:21,400 Speaker 3: critical to the US government. 24 00:01:22,120 --> 00:01:25,080 Speaker 4: You have some breaking news here. Apparently there are empanadas 25 00:01:25,120 --> 00:01:28,840 Speaker 4: on the sixth floor and the people are going nuts 26 00:01:28,880 --> 00:01:29,320 Speaker 4: in the space. 27 00:01:29,319 --> 00:01:32,440 Speaker 1: It's a really long line to go later, you. 28 00:01:33,760 --> 00:01:36,240 Speaker 4: Know, stuck your online so I mean on air. So anyway, 29 00:01:36,240 --> 00:01:37,800 Speaker 4: all right, Titan, what else you have for us here? 30 00:01:38,280 --> 00:01:42,880 Speaker 3: Carvana shares up about one percent, was up hire earlier, 31 00:01:42,920 --> 00:01:46,640 Speaker 3: but that's after Jeffries upgraded the platform for buying used 32 00:01:46,640 --> 00:01:49,560 Speaker 3: cars to buy from Hold. They say the company continues 33 00:01:49,640 --> 00:01:53,360 Speaker 3: to deliver growth and upside to consensus, and it's prime 34 00:01:53,440 --> 00:01:56,880 Speaker 3: to benefit from the shift to digital and this massive 35 00:01:57,040 --> 00:02:01,640 Speaker 3: eight hundred billion used car market opportunity. Calls the stocks 36 00:02:01,920 --> 00:02:06,080 Speaker 3: valuation premium as justified by the company's track record of 37 00:02:06,280 --> 00:02:09,520 Speaker 3: leading growth and upside. Also raise the price target there 38 00:02:09,560 --> 00:02:13,000 Speaker 3: to four hundred and seventy five dollars from three hundred 39 00:02:13,040 --> 00:02:16,240 Speaker 3: and eighty five. We are at three point eighty right now, 40 00:02:16,800 --> 00:02:19,519 Speaker 3: so it hasn't even hit its target and the analysts 41 00:02:19,600 --> 00:02:23,400 Speaker 3: are going for higher targets here. Well, shares are hired 42 00:02:23,400 --> 00:02:26,680 Speaker 3: by eighty six percent this year. So even so, analyst 43 00:02:26,680 --> 00:02:28,919 Speaker 3: Sir Jeffrey is saying that all of this is justified. 44 00:02:29,040 --> 00:02:31,600 Speaker 1: Wow, that is some outperformance. All right, Let's turn to Nike, 45 00:02:31,680 --> 00:02:32,960 Speaker 1: which reported earnings. 46 00:02:33,120 --> 00:02:36,480 Speaker 3: Yes, Nike up five percent after earning Zerer ticker and 47 00:02:36,720 --> 00:02:40,600 Speaker 3: key e, the retailer's first quoter. Revenue beat estimates, and 48 00:02:40,639 --> 00:02:42,960 Speaker 3: analysts now see this as a sign that the company's 49 00:02:43,000 --> 00:02:47,000 Speaker 3: turnaround is on track. It's focused on product innovation and 50 00:02:47,080 --> 00:02:50,600 Speaker 3: specific sports is starting to work out. And curiously, the 51 00:02:50,639 --> 00:02:54,200 Speaker 3: strong results are offsetting other commentary on the call that 52 00:02:54,280 --> 00:02:56,960 Speaker 3: they see an annual tariff hit of about one point 53 00:02:57,000 --> 00:03:00,280 Speaker 3: five billion, up from about one billion. So it seems 54 00:03:00,320 --> 00:03:02,080 Speaker 3: like nobody's talking about tarraffs anymore. 55 00:03:02,160 --> 00:03:04,680 Speaker 4: Well, it just feels like here's here's a company that's 56 00:03:04,720 --> 00:03:07,240 Speaker 4: effectively We talked to putam Goil that covers a cup 57 00:03:07,320 --> 00:03:10,560 Speaker 4: of stock for Bloomberg Intelligence and said, this is here's 58 00:03:10,600 --> 00:03:12,799 Speaker 4: the company has taken most of the pre hit on 59 00:03:12,840 --> 00:03:16,120 Speaker 4: their panol, not passing along the customers, with the exception 60 00:03:16,240 --> 00:03:20,080 Speaker 4: of some higher end items where people don't care for pay. 61 00:03:21,440 --> 00:03:25,560 Speaker 3: Yeah, perhaps not as noticable. Well, you know, this shows 62 00:03:25,560 --> 00:03:28,160 Speaker 3: in the stock right because it is down here today 63 00:03:28,520 --> 00:03:31,720 Speaker 3: someone about three percent now from eight percent previously, so 64 00:03:31,960 --> 00:03:34,400 Speaker 3: the good results are boosting the stock. 65 00:03:35,840 --> 00:03:39,840 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 66 00:03:39,920 --> 00:03:42,520 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:42,600 --> 00:03:45,680 Speaker 2: making news on Wall Street and for the latest market 68 00:03:45,720 --> 00:03:50,200 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:03:50,280 --> 00:03:53,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:03:53,840 --> 00:03:55,320 Speaker 2: the Bloomberg Business app.