Apple, Amex Fall; Tesla Rises on Merger News - podcast episode cover

Apple, Amex Fall; Tesla Rises on Merger News

Jan 30, 20262 min
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Episode description

On this episode of Stock Movers:

-Apple (AAPL) shares sink after the iPhone maker warned that rising component costs are threatening to squeeze margins. The company also posted its largest first-quarter sales growth in over four years, driven by strength in its closely-watched iPhone segment.

-Tesla (TSLA) shares rise after news that SpaceX is considering a potential merger with the company, as well as an alternative combination with artificial intelligence firm xAI. 

-American Express (AXP) shares drop after the credit card company reported earnings per share for the fourth quarter that missed the average analyst estimate.

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Transcript

Speaker 1

Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg data.

Speaker 2

Let's take a look at some of that stocks on the move today.

Speaker 1

We can do that with Bloomberg's television markets correspondent normally or what are you looking at?

Speaker 2

Well, Paul, A lot to keep an eye on today, but I've got my eyes on shares of Apple, that's seeker AAPL. We're seeing shares sliding by about one point one percent. So we did see that the company delivered record quarterly sales and a better than anticipated forecasts in

terms of the current period. But what's really been weighing on the company and what the analysts and investors are thinking about as they're digesting this report is the fact that the company's warning that rising component costs are threatening to squeeze margin. So you're really seeing Wall Street really trying to work out what this means for the stock long term. So we are seeing a bit of a slide, but of course pairing from its earlier decline of as

much as two point four percent lower. What about Tesla, what's going on there? Yeah, Tesla. This one's also been in focused. This one in the green though. We're seeing shares up by about four point eight percent. This is after Elon Musk said that space X is considering a merger with Tesla or x Ai. So this has really been booing the stock higher, especially as we're thinking about what this could mean for the company in the long term.

I mean, we see the stock though on a unitate basis so far in January, down about three percent, but getting a nice boost today. Isabelle one more.

Speaker 1

What do you got MX's trail that?

Speaker 2

Yeah, let's talk about some of the finance names. I've got my eyes on American Express that's ticker AXP. We're seeing shares that are down by more than three percent earlier, hitting their lowest levels since November. This is after the company's Platinum card refresh boosted expenses more than anticipated. We also did see profit that fell short of analysts expectations. So you are seeing Wall Street really selling off shares

of this stock. But Apple or sorry Amex rather did say that it will boost its dividends sixteen percent.

Speaker 1

We'll see the stockmover's 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 Applecarplay and Android Auto with the Bloomberg Business app.

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