Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The stock Movers report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data. Let's get a sense
Speaker 1: of what's happening in the markets today with stock movers.
Speaker 1: It needs a so Covid Joints, CROs Asset reporter or
Speaker 1: Bloomberg News. They need to what are you looking at.
Speaker 2: Let's take a look at Walmart. Obviously there was that
Speaker 2: tree from the president. Shares tumbled as much as two
Speaker 2: point five percent. Now some of those losses have been erased.
Speaker 2: Let's steal the stock is down today. So President Trump
Speaker 2: telled the retailer that they should eat the tariffs, which
Speaker 2: is an interesting announcement because we had actually scolled bess
Speaker 2: And on the weekend talking to NBC saying that he
Speaker 2: has already spoken to Walmart and they have said that
Speaker 2: indeed they will they will absorb some of those tariffs.
Speaker 2: But of course, some of the statements Walmart gave him
Speaker 2: their earning and on my on May fifteenth is that
Speaker 2: the tirefts are increasing economic turbulence and consumers may start
Speaker 2: to see some of those effects in May. Of course,
Speaker 2: Trump is saying that the company has made billions last
Speaker 2: year and there the reason to raise prices is not tied.
Speaker 2: So there is a lot of pressure for yet to
Speaker 2: see how is this going to play out. There hasn't
Speaker 2: been a big pushback from Walmart, so but yeah, small
Speaker 2: pressure today on the stock for sure. Also taking a
Speaker 2: look at Netflix here the analyst community weighing in on
Speaker 2: this one. Yeah, and it's it's a record high after
Speaker 2: record hig record high, and that's why that's that's why
Speaker 2: they're weighing on. JP Morgan downgraded it too neutral from overweight.
Speaker 2: There are no big alarms, there are no big reasons Saturday.
Speaker 2: It's expensive. There has been record high. The stock is
Speaker 2: a thirty percent year today after another amazing year last year.
Speaker 2: So the reason is just like a more balanced risk
Speaker 2: reward in that that streaming space. Interesting thing is that
Speaker 2: they say that Netflix was a defensive place during all
Speaker 2: the Tift tourmoil, and now that some of this has eased,
Speaker 2: maybe investors won't be as interested. JP Morgan says that
Speaker 2: following a significant stock price appreciation and outperformance, it's lowering
Speaker 2: the way they have on Netflix. But still obviously there
Speaker 2: are so many by ratings on the stock and it's
Speaker 2: a clear winner this year. Anything else out there, we're
Speaker 2: only as read it. That's an interesting one because I
Speaker 2: actually use it a lot for my reporting, and I've
Speaker 2: been seeing it less and less when I Google stuff,
Speaker 2: and that's one of the reasons we're seeing a big
Speaker 2: hit today. Wells Fargo downgraded to equal weights and it's
Speaker 2: coming off all those changes Google is implementing in their algorithm.
Speaker 2: Unless they're saying that recent user disruptions are likely to
Speaker 2: be more permanent, Google is implementing all those AI features
Speaker 2: in search which are really changing how some websites, including Reddit,
Speaker 2: are at. The threats are not only to Reddit but
Speaker 2: to all the companies dependent upon search traffic. Read It
Speaker 2: is down thirty four percent here today, so clearly that's
Speaker 2: an interesting one to watch that's very dependent on Google
Speaker 2: right now.
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