Speaker 1: I'm David Weston introducing you to the new Stock Movers
Speaker 1: podcast from Bloomberg. The show brings you short episodes five
Speaker 1: minutes or less, covering the stocks making gains and losses
Speaker 1: in today's trading. Subscribe to Stock Movers on Apple, Spotify,
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Speaker 1: of the latest episode from my colleagues at Bloomberg Bloomberg
Speaker 1: Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers podcast your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Just take a look right now with some of the
Speaker 3: stocks on the move today with Lisa Ione. Tell you, Lisa,
Speaker 3: what do you have?
Speaker 4: All Right?
Speaker 5: We're starting with Tesla because their shares have been down
Speaker 5: more than four percent before the bell reports earnings tomorrow. Right,
Speaker 5: But the big thing is that Webosh Security is analyst
Speaker 5: Dan ives. He said the company faces this quote code
Speaker 5: red moment as it prepares for that earnings report. He
Speaker 5: also pointed out that Elon Musk should step back from
Speaker 5: his work a Doge to focus on Tesla. He says
Speaker 5: that an involvement in the White House has really led
Speaker 5: to this brand damage in the company. If you remember
Speaker 5: two weeks ago, two ives, he slashed the price target
Speaker 5: for Tesla stock by forty three percent.
Speaker 6: So that's one piece.
Speaker 5: Then you have another piece the Barclays lowering its price
Speaker 5: target on Tesla.
Speaker 6: That happened late Thursday.
Speaker 5: And then you have this report from Reuters out that
Speaker 5: Tesla is delaying the launch of those more affordable cars.
Speaker 5: It's been talking about giving these you know, more affordable evs,
Speaker 5: but now they're saying that that could be delayed. So
Speaker 5: it's kind of it's pushing down the macseep, but it's
Speaker 5: leading the losses in the maccpent.
Speaker 3: RIGHTO long weekend here, I mean, am I right? Mister
Speaker 3: Musk has sort of disappeared. Maybe he's good Tesla.
Speaker 6: I don't know.
Speaker 4: It's interesting, but when he lose dan ives, that's a
Speaker 4: that's a challenge for the stock, I would say, So
Speaker 4: we'll see how that plays out. But again, most definitely
Speaker 4: the fundamentals are concerning to a lot of people deliver on.
Speaker 3: Fifth Avenue this weekend and they get claimed Easter Parade,
Speaker 3: which is a really wonderful celebration.
Speaker 5: He was just dressed normal, exactly, and all these two
Speaker 5: dollars I'm sure. So I want to point out Capital
Speaker 5: one Financial. Their shares have been up about four percent
Speaker 5: this morning. The reason why bank regulators approved their thirty
Speaker 5: five billion dollar acquisition of Discover. Now this happened late Friday,
Speaker 5: of Discover shares arising too, they're up about as much
Speaker 5: as seven percent. But the deal could create the nation's
Speaker 5: biggest credit card issuer by loan volume. But the reason
Speaker 5: why this is kind of standing out is because this
Speaker 5: decision was awaiting whether the DOJ would sue to block
Speaker 5: the acquisition.
Speaker 6: People were waiting for that.
Speaker 5: Some were worried it could harm competition, but then you
Speaker 5: had Antitrust Division chief said that there wasn't enough evidence
Speaker 5: to challenge that. So it's expected to close on May eighteenth.
Speaker 5: But it really could unlock some things for Capital One.
Speaker 5: For one, it could unlock at least one point two
Speaker 5: billion dollars in annual revenue because in the past they
Speaker 5: only had to rely on Visa MasterCard and that was
Speaker 5: it for them to issue its credit cards. But with
Speaker 5: Discover they can kind of cut out the middlemen and
Speaker 5: then have more control over the prices that merchants are chards.
Speaker 5: Every time that you know, can someone swipes one of
Speaker 5: its credit cards, so that was kind of interesting there.
Speaker 5: And then if we check back in with stocks that
Speaker 5: were moving before the holiday, before we had the break
Speaker 5: right that, some of them are still moving, but some
Speaker 5: in a different direction.
Speaker 6: For example, if you remember we talked about Hurts last week, right,
Speaker 6: they had.
Speaker 5: That big rally news Bill Ackman's person square taking a
Speaker 5: big stake in the company. But if we look at
Speaker 5: the shares before the bell, they're off as much as
Speaker 5: twelve percent, So that's a big turnaround for Hurts.
Speaker 6: And then you have Netflix still riding that wave.
Speaker 5: It shares are up about three percent results after the
Speaker 5: bell showed right before the holiday, forecasted revenue the second
Speaker 5: quarter beat and estimates, but also only see the company's
Speaker 5: business as resilient.
Speaker 6: That's how they're describing it. So Netflix kind of still riding.
Speaker 4: What do you think, Paul, Yeah, absolutely, I agree with
Speaker 4: all of that. I mean, we'll see here they're trying
Speaker 4: to push through a lot of you know, the price
Speaker 4: increases across the board of trying to drive up their
Speaker 4: advertising revenue and that whole password sharing thing that k
Speaker 4: work down on that.
Speaker 3: Disney's out with and or like soon this weekend. I
Speaker 3: guess it did well. I watched a couple of episodes
Speaker 3: and stop watching it. But who's number two? Well, is
Speaker 3: there a number two?
Speaker 4: Well, I think it's streaming. Disney is a clear number two.
Speaker 4: They are profitable, But what's it mean to be number
Speaker 4: two these days? At this point, it doesn't seem like
Speaker 4: a whole lot, but there if you look at the
Speaker 4: profitability for their streaming business, it does ramp up a pretty.
Speaker 3: Crime compete because they have the biggest catalog.
Speaker 4: Right Amazon Prime's got the you know, the biggest balance sheets,
Speaker 4: so they can buy their way.
Speaker 3: Is Keena's watching step McQueen and Candas Bergen this weekend?
Speaker 3: The Netflix doesn't have that. That's you know, that's a movie, Lisa,
Speaker 3: Candice Bergen.
Speaker 5: Okay, you mentioned Zizzy. Actually they were upgraded to Apple
Speaker 5: form at Wolf Research, so he's getting a little upgrade there.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
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