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 take a look
Speaker 1: at some of the stocks on the move today. We
Speaker 1: can do that with Bloomberg's normal INNDA nor.
Speaker 2: What are you looking at? Well, no surprise, we've been
Speaker 2: talking a lot about Starbucks. That's tacker SBUX. We're seeing
Speaker 2: shares that are hire by about two point six percent
Speaker 2: right now as we speak. But we did see that
Speaker 2: the stock has really been rising. This is after the
Speaker 2: fact that it's global sales at established locations did rise
Speaker 2: by four percent in the most recent quarter. We've been
Speaker 2: hearing so much about this strategy for a turnaround, and
Speaker 2: it seems as though maybe it could potentially be taking hold.
Speaker 2: I mean, if you can take a look at the
Speaker 2: stock action so far this year, it's what January twenty eighth,
Speaker 2: and we've seen that the stock has written about seventeen
Speaker 2: percent so far this year. So that's a star reversal
Speaker 2: from the four back to back years of declines that
Speaker 2: we've really seen for this company. We also know that
Speaker 2: the company has identified about two billion dollars in cost
Speaker 2: reductions over the quote unquote next couple of years.
Speaker 1: And I'll do a shout out for their breakfast sandwiches.
Speaker 1: They're pretty darn good.
Speaker 2: Man's have a really good spinach for Tata.
Speaker 1: I want to say, funny there to eat. I'm getting hungry. Yep.
Speaker 1: Next talk on your list.
Speaker 2: Let's take a look at telecommunications. I've got my eyes
Speaker 2: on AT and T. That's ticker T. We saw that
Speaker 2: the company reported fourth quarter profit and revenue that beat
Speaker 2: analyst expectations. They're saying that this is all due to
Speaker 2: customers who subscribe to more than one connectivity service. We
Speaker 2: did see also that AT and T added more than
Speaker 2: half a million fixed and mobile internet subscribers in the quarter.
Speaker 2: That includes about two hundred and eighty three thousand new
Speaker 2: fiber customers and two hundred and twenty one thousand for
Speaker 2: its wireless internet product, which is known as Internet Air.
Speaker 2: So we're seeing shares of AT and T up by
Speaker 2: about four and a half percent earlier up seeing its
Speaker 2: biggest single date rise in one year.
Speaker 1: Techtron.
Speaker 2: Yes, so this is actually the second biggest decliner by
Speaker 2: a percentage basis in the S and P five hundred
Speaker 2: right now, that is ticker TXT. We're seeing shares down
Speaker 2: right now by more than nine percent. This is after
Speaker 2: its profit view missed expectations. Essentially, we're talking about the
Speaker 2: fact that the company expects a seventy percent increase in
Speaker 2: capital expenditure. So clearly you are seeing Wall Street is
Speaker 2: not pleased with that news, and you're definitely seeing the
Speaker 2: stock action reflecting that centiment.
Speaker 1: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 1: the Bloomberg Business app.