Amazon Sinks, Netflix Mixed on Amended Offer, Intel Rises - podcast episode cover

Amazon Sinks, Netflix Mixed on Amended Offer, Intel Rises

Jan 20, 20263 min
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Episode description

On this episode of Stock Movers: 

- Amazon (AMZN) sinks after Amazon CEO Andy Jassy said President Donald Trump's sweeping tariffs are starting to be reflected in the price of some items, as sellers weigh how to absorb the shock of the added costs.

- Netflix (NFLX) agreed to pay all cash for Warner Bros. Discovery, amending its $72 billion deal in an attempt to fight off Paramount's hostile takeover bid. Netflix originally agreed to buy the company with a mix of cash and stock. To sweeten the offer for shareholders, Netflix and Warner Bros. today announced that Netflix will pay all cash instead. If successful, Netflix's purchase will include HBO Max, WB Studios, and other assets.

- Intel (INTC) was upgraded to hold from reduce at HSBC, which noted that agentic artificial intelligence is driving upside to server CPU demand. Shares up 5.5%. Analyst Frank Lee says server CPU demand to outgrow supply, but growth still underestimated by Street

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Transcript

Speaker 1

Bloomberg Audio Studios, Podcasts, radio News.

Speaker 2

The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.

Speaker 1

I'm Carol Messer along with Tim Stevick. Let's get to some stocks on the move with us as Bloomberg News crosshouse at reporter Emily Graffeo here in studio. Hello, Hello, off and running.

Speaker 3

Yeah, there's a lot of stocks that are in the red. Let's start with Amazon ticker am ZN. It's down three point nine percent, the intro day low, down four percent. Most of it likely just the broader equity market decline that we're seeing today on these fears of geopolitical volatility potentially increased tariffs. And then we also did get their CEO Andy Jase warning at Davos today that tariffs are starting to creep into prices on the retailer's website. So likely also weighing on the stock.

Speaker 1

That mirrors like what we were just talking about with Mike that you know what, I I think we feel like we've had a fair amount of guests over the last month or so that the idea that we still haven't felt the full effect of terrorists, but now it's kind of making its way across the board.

Speaker 2

Yeah.

Speaker 4

I think I shared this story a few weeks ago. Buying some mittens for my son, I've balked at the price, and the person selling him said, we got hit pretty hard with tariffs when it comes to kids warm weather gear.

Speaker 3

Yeah. Apparently Amazon had been taking some measures to offset the tariff related costs, and that was working in twenty twenty five, but it's not working so much in twenty twenty six.

Speaker 4

Okay, Amazon first on the list. What else is on your radar?

Speaker 3

So Netflix a little bit of a green spot. It is pairing games. Though it was up as much as two percent now it's actually about flat right now. But the news with them today they're amending their bid to acquire Warner Brothers to all cash. This is confirming reporting that Bloomberg had had just about a week ago that Netflix was going all cash.

Speaker 4

Cash's king, Cash is king.

Speaker 3

Here speaks to the strength of Netflix's balance sheet. And then we're watching Netflix earnings coming in about an hour. Watch for about twelve billion in revenue, but analysts are expecting slowing revenue growth for the next three quarters.

Speaker 1

Going to save you twenty seconds for Intel, because this is an outperformer today.

Speaker 3

This is an outperformer. Two upgrades on Wall Street for Intel. The stock is up. It was up as much as seven percent today up right now about five point seven percent. HSBC and Seaport upgrading that stock is up thirty percent.

Speaker 1

I know it's been on a tear. You know sometimes I think, you know, we also pop up in the White House and we talked about and we know we who owns Intel? Some Intel?

Speaker 2

You do?

Speaker 1

Oh, and you do, and you do. All of us have a little piece of.

Speaker 4

Whether you want to or not.

Speaker 3

Yeah.

Speaker 2

The Stock Movers report 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 Apple CarPlay and Android Auto with the Bloomberg Business app.

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