Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
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 3: I'm Carol Masser and I'm Tim Steadabeck he is. Indeed,
Speaker 3: let's take a look at some stocks in the move
Speaker 3: this week. Bloomberg TV Markets correspondent Nora Melinda is in
Speaker 3: the house taking a look with some of the movers
Speaker 3: this past week.
Speaker 4: Quite a few.
Speaker 5: I had to really narrow it down, but that's kind
Speaker 5: of fun. Let's start with General Motors. Let's sick our GM.
Speaker 6: This is the second biggest performer that we saw in
Speaker 6: the S and P five hundred, behind Intuitive Surgical, and
Speaker 6: we did see the stock gaining nineteen percent this week.
Speaker 6: This is all after years, right, insane fifteen percent surge
Speaker 6: on Tuesday of this week.
Speaker 5: That's really what's propelled this stack.
Speaker 6: The stock hire this after the automaker raise its profit,
Speaker 6: guidance on buoyant truck sales, and of course a dose
Speaker 6: of terror for relief.
Speaker 5: I mean, we've been talking about four a lot this
Speaker 5: week as well. It's one of its.
Speaker 6: Competitors, and it seems as though there is some positive
Speaker 6: guidance coming out of these companies here and on Friday,
Speaker 6: of course, we do know that General Motors announced that
Speaker 6: it would be cutting hundreds of salaried workers due to
Speaker 6: what the company is calling business conditions. But we do
Speaker 6: see this talk up about thirty one percent on the air.
Speaker 4: Wow, all right, so GM up.
Speaker 3: Of course, ticker GM up about nineteen percent this week.
Speaker 3: I am just going to throw a ford in there,
Speaker 3: because it's up sixteen percent this week.
Speaker 4: Oh wow, that's you know, some ounperfect.
Speaker 1: That's an honorable mention you can say. But how much
Speaker 1: of that can today, Carol?
Speaker 3: Because okay, four chairs details.
Speaker 1: I'm just saying twelve percent just today, all right, Wow.
Speaker 5: Yeah, twelve percent today. You're right, You're right, all right.
Speaker 4: Moving on to Warner Brothers Discovery. It's a busy one.
Speaker 1: This one is a good one.
Speaker 4: I forgot that this was a big story this week.
Speaker 4: I mean it really was.
Speaker 6: It was a big story. It feels like so much
Speaker 6: has happened this week. I had to dial back a
Speaker 6: few days. But this is among the top performers this week,
Speaker 6: rising sixteen percent, And of course, this after an eleven
Speaker 6: percent surge that we saw on Tuesday and This is
Speaker 6: not that a company said that it's considering a possible
Speaker 6: sale after unsolicited interest from a course what we know
Speaker 6: to be multiple companies including Netflix, Netflix and Comcast both
Speaker 6: saying that they could be potentially interested in this company.
Speaker 6: But I mean, if you look at a year to
Speaker 6: date basis, I was digging into some of the numbers
Speaker 6: up for triple digits this year. WBD up one hundred
Speaker 6: percent so far this year.
Speaker 3: So it's you go the dees page, right, it's one
Speaker 3: hundred percent, one hundred point zero nine percent, but clean number,
Speaker 3: so it's doubled this year.
Speaker 1: Let's remind everybody, Yes, what is under the Warner Brothers
Speaker 1: Discovery umbrella. A lot of stuff HBO, Max, HBO, Warner Brothers, HGTV, CNN, Discovery, Oprah,
Speaker 1: Winfrey Network, DC, and then you get into the smaller stuff.
Speaker 1: But that's kind of.
Speaker 5: Like, yeah, so what's not what's not Discovery?
Speaker 1: I will say, if you if you max out Warner
Speaker 1: Brothers Discovery from when it became this iteration of a
Speaker 1: public traded company, which was back in twenty twenty two,
Speaker 1: share spike then in April of twenty twenty two at
Speaker 1: twenty six dollars a share still below the twenty one
Speaker 1: dollars a share where they are now.
Speaker 4: So TVD we'll see what happens.
Speaker 1: Since the industry has been under a ton of pressure.
Speaker 1: The story, we've told that story quite a bit, but
Speaker 1: this year's performance on that news or the idea of
Speaker 1: potential acquisitions.
Speaker 3: Doxia companies in play and listen, it's all about you know,
Speaker 3: we've talked with a lot of unlets about content right
Speaker 3: and IP procurement, and so you got to believe that
Speaker 3: anybody interested is getting, you know, hopefully some really good
Speaker 3: intellectual property that they can monetize in a big way.
Speaker 4: Speaking of kind of content.
Speaker 5: Yeah, I mean we talked to her.
Speaker 6: Two names in the green. Let's talk about one that
Speaker 6: ended in the red. This is Netflix. Take her in
Speaker 6: FLX the third biggest decliner in the S and P
Speaker 6: five hundred, shedding more than eight percent this week. It
Speaker 6: lost ten percent on Wednesday after of course, we know
Speaker 6: it's earnings revealed a tax dispute with Brazil, which cut
Speaker 6: into its third quarter earnings. Of course, this is a
Speaker 6: company where a lot of investors are used to upside
Speaker 6: surprises here, so this was definitely a drag on the
Speaker 6: company this week, and of course this really just raises
Speaker 6: broader growth concerns for investors that are used to positivity
Speaker 6: here for the stock. But shares of Netflix still up
Speaker 6: but twenty three percent this year.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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