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.
Let's take a look at some of the stocks on the move today. I'm Paul swinging alongside Scarlett.
Foom were joined by Bloomberg's They need to sup, they need to What are you looking at today?
Let's start with Microsoft and Amazon. We just have headlines of Microsoft investing up to five billion in Entropick. But then what we're looking at is a big downgrade, a rare downgrade. So Redburn is cutting their ratings for both Amazon and Microsoft to neutral previously by and this is the first time it happened since they initiated coverage in twenty twenty two. This is very rare, like those companies
have pretty much ninety percent postiver rating. There are no sales, no sale ratings, and very rare to get even neutral. The issue is the book case regenerative AI is no longer clear and hyperscare should be approached. This is what Redburn says. The criticism is pretty harsh. They say industry gen AI narrative looked increasingly misplaced in twenty three until they initiated the coverage Framazon and Microsoft. They had a virating. The same analysts recently had a sele rating on Oracle,
and obviously that was correct. The company is down about twenty five percent since that. We see the self of today. Obviously, textocs are dragging the industries down. The NASA has raised around one point eight trillion of values since October peak, and obviously those fears are continuing to rise. And for the last few weeks we've seen a lot of pressure on those AI darlings and favorites that brought in the system for three years.
Okay, let's steer away from technology and go towards home Depot.
Yeah, everyone I was worried about consumer and Home Depot is giving a pretty bleak forecast there. The ticker, of course is HD. The stock is down more than three percent. The company cut its full ear earnings guiding guidance. They're warning that unsteady consumers are hitting the polls on big home purchases. The retailer said it expected just as earning per shares to decline five percent from year ago. The company said it's profit and comparable sales came in lower
then expected. The stock is already down here today eleven percent. It's been really hard. Obviously, the housing market has been frozen. Add to that tariffs and additional challeges for home depot. They have seen some of the metrics doing well. They've been trying to grow operation, boosting online offer and trying to attract all those doing yourself consumers that have been over TikTok and Instagram. But still that's not enough. And the earnings report was afar from received. Well, all right,
one more what do you got for us? And we have iris face and automatous technology provider. Honeywell shares been down about two percent. It's coming off another downgrade. But this is a double down grade. So the company was previously by and now it's sell. The down grade is coming from Bank of America. It's the only sale rating in Bloomberg Data. The tickoryes HO and the stock is splitting up in two companies. That's been going on for some time. One is dedicated to an aerospace and the
other to automation. But Bank of America is not excited about that. The bank says shares are going to lag as elements of its strategy. Disappoint investors. The company has only one Celle rating. It's not common to get this. It's already down ten percent year to date, but clearly the spin off and the new CEO they have, which is actually an internal one. Bank of America is not bullish about this.
The stock mover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wallster 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.