WEBVTT - Starbucks Rises, AT&T Gains, Textron Falls on Disappointing Profit Forecast  

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data. Let's take a look

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<v Speaker 1>at some of the stocks on the move today. We

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<v Speaker 1>can do that with Bloomberg's normal INNDA nor.

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<v Speaker 2>What are you looking at? Well, no surprise, we've been

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<v Speaker 2>talking a lot about Starbucks. That's tacker SBUX. We're seeing

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<v Speaker 2>shares that are hire by about two point six percent

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<v Speaker 2>right now as we speak. But we did see that

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<v Speaker 2>the stock has really been rising. This is after the

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<v Speaker 2>fact that it's global sales at established locations did rise

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<v Speaker 2>by four percent in the most recent quarter. We've been

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<v Speaker 2>hearing so much about this strategy for a turnaround, and

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<v Speaker 2>it seems as though maybe it could potentially be taking hold.

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<v Speaker 2>I mean, if you can take a look at the

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<v Speaker 2>stock action so far this year, it's what January twenty eighth,

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<v Speaker 2>and we've seen that the stock has written about seventeen

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<v Speaker 2>percent so far this year. So that's a star reversal

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<v Speaker 2>from the four back to back years of declines that

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<v Speaker 2>we've really seen for this company. We also know that

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<v Speaker 2>the company has identified about two billion dollars in cost

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<v Speaker 2>reductions over the quote unquote next couple of years.

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<v Speaker 1>And I'll do a shout out for their breakfast sandwiches.

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<v Speaker 1>They're pretty darn good.

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<v Speaker 2>Man's have a really good spinach for Tata.

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<v Speaker 1>I want to say, funny there to eat. I'm getting hungry. Yep.

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<v Speaker 1>Next talk on your list.

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<v Speaker 2>Let's take a look at telecommunications. I've got my eyes

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<v Speaker 2>on AT and T. That's ticker T. We saw that

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<v Speaker 2>the company reported fourth quarter profit and revenue that beat

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<v Speaker 2>analyst expectations. They're saying that this is all due to

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<v Speaker 2>customers who subscribe to more than one connectivity service. We

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<v Speaker 2>did see also that AT and T added more than

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<v Speaker 2>half a million fixed and mobile internet subscribers in the quarter.

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<v Speaker 2>That includes about two hundred and eighty three thousand new

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<v Speaker 2>fiber customers and two hundred and twenty one thousand for

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<v Speaker 2>its wireless internet product, which is known as Internet Air.

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<v Speaker 2>So we're seeing shares of AT and T up by

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<v Speaker 2>about four and a half percent earlier up seeing its

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<v Speaker 2>biggest single date rise in one year.

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<v Speaker 1>Techtron.

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<v Speaker 2>Yes, so this is actually the second biggest decliner by

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<v Speaker 2>a percentage basis in the S and P five hundred

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<v Speaker 2>right now, that is ticker TXT. We're seeing shares down

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<v Speaker 2>right now by more than nine percent. This is after

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<v Speaker 2>its profit view missed expectations. Essentially, we're talking about the

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<v Speaker 2>fact that the company expects a seventy percent increase in

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<v Speaker 2>capital expenditure. So clearly you are seeing Wall Street is

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<v Speaker 2>not pleased with that news, and you're definitely seeing the

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<v Speaker 2>stock action reflecting that centiment.

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<v Speaker 1>This Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 1>us throughout the day for the latest roundup of companies

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