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Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Stocks on the move, Nora me Linda joins us right now.
Speaker 1: I was looking at the Amazon story earlier today. Why
Speaker 1: are they raising debt? Because they can? They can do
Speaker 1: it in a big way too.
Speaker 3: Yes, looking at shares of Amazon Tiger AMZN, we're seeing
Speaker 3: shares hire by about eight tens of percent right now
Speaker 3: as we speak, and this is after the company said
Speaker 3: it's targeting the equivalent of about thirty seven billion dollars
Speaker 3: to forty two billion dollars in across Atlantic offering in
Speaker 3: both dollars and euros. So we do know that the
Speaker 3: sale is the latest in a series of jumbo note
Speaker 3: offerings by hyperscalers that are really looking to invest hundreds
Speaker 3: of billion of dollars in AI. We know that this
Speaker 3: has really been the charge that many companies have been
Speaker 3: fixated on. And the firm is marketing it's US high
Speaker 3: gred debt and as many as eleven tranches, and it
Speaker 3: also targets raising as much as about ten billion euros
Speaker 3: from a potential eight part debt eurobond sales. So a
Speaker 3: lot of action going on here as it really looks
Speaker 3: to pay for some of the things that it has
Speaker 3: in mind.
Speaker 1: Because they ket is such a great answer for so
Speaker 1: many questions of ourself, many questions. Yes, I mean as
Speaker 1: an investor, though I don't think I'm going to get
Speaker 1: rich off this either. The yield is like, you know,
Speaker 1: under two percent.
Speaker 3: Yeah, I mean, I think that this is one of
Speaker 3: those things where it's so many companies in the tech space,
Speaker 3: they're just spending so much money. But we do know
Speaker 3: that what still remains underlying is that so many investors
Speaker 3: are concerned as to whether or not all the money
Speaker 3: that's being put on this effort to build out artificial
Speaker 3: intelligence is actually going to pay off. Yeah, the ROI
Speaker 3: on all of that.
Speaker 1: All right, let's stay in the tech space. You've got
Speaker 1: another name for us.
Speaker 3: Yes, Look, he has shares of CrowdStrike Tick or crwd
Speaker 3: also higher up right now about four tenths of a percent,
Speaker 3: pairing an earlier gain of about a three point two
Speaker 3: percent gain. This is after Morgan Stanley raised the company
Speaker 3: to overweight from equal weight. They're saying that the platform
Speaker 3: is a winner from the AI positioning and its growth
Speaker 3: outlook is promising. Looking on a year today scope, this
Speaker 3: stock hasn't done particularly well. It's down about seven percent
Speaker 3: so far for twenty twenty six. But Morgan Stanley essentially
Speaker 3: putting their weight behind it, saying that they think that
Speaker 3: this is a good name to look at. You're clearly
Speaker 3: seeing the street reacting to that.
Speaker 1: All right, well else you got lastly.
Speaker 3: I want to take a look at shares of calls
Speaker 3: ticker KSS. We're seeing a stock that's earlier surge as
Speaker 3: much as fourteen percent for double digit gains. Right now
Speaker 3: it's up about eight percent. And this is after the
Speaker 3: company said that it was pleased with its performance so
Speaker 3: far this year on a call with analysts, but in
Speaker 3: the back. But it's interesting that we're seeing this rebounds.
Speaker 3: I mean, if you take a look at what some
Speaker 3: analysts are saying, we know, Bloomberg Intelligence, they said that
Speaker 3: they believe that this is a short squeeze. We saw
Speaker 3: some data that came out of Estuary Partners that are
Speaker 3: essentially saying that short interest is about twenty six percent
Speaker 3: of the float.
Speaker 2: So we do know.
Speaker 3: Earlier the company did report that it was you know
Speaker 3: kind of losing ground a bit. We did see that
Speaker 3: it reported a bigger sales drop than expected last quarter,
Speaker 3: so it's interesting to see this upside reaction after that report.
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