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The Stock Movers Report, your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg data.
Take a look at some of the stocks on the move today. We can do that with Bloomberg's Billy Lipschaltz.
Billy, what are you looking at today?
Yeah, we're looking at a flat S and P five hundred, But as you mentioned, plenty going on under the surface. Want to start with Cisco Systems ticker CSCO. I know you guys are going to touch on it later in the show, but down right now about ten percent. This comes after headline earnings pretty darn good, but when you look under the surface margin outlook week, BI analysts saying that they expect the company to have to mitigate further
margin erosion. We saw Bank of America coming out saying that it's not only their overall memory prices but also the mix. Do you want to just call out though, that Cisco Systems before the print, yere to date was up eleven percent. So on our equities desk we sometimes call that price to perfection. So missing expectations, the buyside will look for reasons to sell the stock, but you never really want to see one of the bigger companies in the SP five hundred down almost ten percent. It's
worst day since November twenty twenty three. The company started by two Stanford professors who all they wanted to do was send mushy love notes to each other over their computer. This is my favorite part about talking Cisco when you're on because it's the same story, but it's new to me.
It's right before, it's perfect.
It's like we planned it that way. What's next? Well, you're talking about Valentine's Day, has love in the name app love and ticker app down seventeen percent. This is a company that has been under pressure given uncertainty around the AI impact. Down forty three percent year to date. That is your worst performing the S and P five
hundred Again, earning's not that bad. This is a company, though, that uses mobile app marketing, so if you ever play any of those games on your phone, they're typically the one serving you those ads. So fourth quarter results an outlook not that bad, but there's so much uncertainty around AI disruption how it's going to impact the business. This is a company that was under market selling pressure the last few weeks.
It's also meme stock, right, or trades like a memestock.
A lot trades like a memestock. Its valuation is quite lofty. We saw this company be one of the best performers over the last few years. There was a lot of potential excitement. We do also see about five percent of this year is currently sold short, which is actually pretty high given a stock is down almost fifty percent year to date, so it does have a bit of that retail trader flavor. But I would say at least trading patterns recently less meat stock and more ouch. All right,
One more quick Equinix ticker EQIX. They're in the data center space. Surprise, surprise, they beat expectations. Shares up more than twelve percent year to date, up about twenty eight percent. So as we continue to use open ai and xai Anthropic to do our jobs, are also just create fun videos.
Data center capacity and demand really outstripping expectations. So Equinix off to a hot start, providing a bit of a boost to expectations for some of those private companies in the data center space, which again have been challenged when you look at their stock performance over the last eighteen months.
The Stockmovers 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.