Hi, I'm Barry Ridolts introducing you to the new Stock Movers podcast from Bloomberg. The show brings you short episodes five minutes or less, covering the stocks making gains and losses in today's trading. Subscribe to Stock Movers on Apple, Spotify, or anywhere you get your podcasts. Here's a sample of the latest episode from our team at Bloomberg.
The Stock Movers podcast your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg data.
Let's take a look at some stocks on the move today. We are joined by Bloomberg's Valerie Titel and what feels like a buy everything morning, Valerie. But let's focus in on some of the stocks making news this morning, including earnings just in the pre market from AT and T. Do we have to rethink what we're thinking about the cell phone business after these results?
Yeah?
Look AT and T did top estimates for mobile phone cuts. It comes a day after the Verizon miss. Seems to be the story here is that AT and T is attracting new customers more than analysts expected. Maybe some evidence that AT and T is luring customers from rivals like Verizon in the highly competitive mobile phone market. It also reiterated its twenty twenty five full year guidance. The next big telecom to report is T Mobile on Thursday. But there are some good news out there for AT and
T after the Verizon miss yesterday. AT and T up four and a half percent.
All right, we'll giving us a preview what we're going to be talking about tomorrow. But let's talk about what we've been discussing well since late yesterday.
Tesla.
The earnings came in week, but Elon Musk's words have the stock surging this morning exactly.
Tesla shares up nearly six point seven percent. It's leading gains across the mag seven this morning. This all comes after Elon Musk said he will pull back significantly from his work with the US government next month. Musk made that announcement after the company did report force qured to profit and revenue that fell short of expectations. They also backed off an earlier forecast of sales growing this year.
So some negative news in those company earnings, but the positive spin is that elong Musk is going to be spending more time working on Tesla rather than at Doze within the government. And the market really likes what it hears, with that six point six percent higher for that Tesla share trading at two hundred and fifty three dollars a share.
Now, we generally talk about the market likes what it hears when it hears job cuts coming from many companies. That seems to be the case this morning as well for Intel. Definitely the case for Intel.
Intel's up nearly five percent so far this morning in pre market trade. The company is expected to announce plans to cut more than twenty percent of.
Its staff this week.
The source says the move is part of a big bid to streamline management, eliminate bureocracy, rebuild the engineering a driven culture at the struggling chip maker. And now this report comes ahead of Intel's first quarter results which are coming on Thursday, which may give the CEO an opportunity to flesh out this a bit more, lay out more
of his strategy regarding these redundancies. But the shares of Intel up nearly five percent this morning after there was a report to announce plans to cut more than twenty percent of its staff.
Now, another big tech company across the pond is seeing a big move this morning. Tell Us What's happening with SAP.
SAP yep of ten percent in Germany this morning. This is the German business software group, known as the bigger tech company here in Europe, gaining the most in six years after first quarter profit topped analyst estimates. It was fueled all by this pivot to cloud services, but seems to be paying off for this German software group. That's SAP up near ten percent. The stock has risen thirty
six percent over the last year. Its value has now eclipsed to other European companies such as Novo, Nordes, the drug maker, and LVMH In March, the.
Stock Movers podcast from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.