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The Stock Movers Report, your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg data, we'll.
Take a look at some of the stocks on the move today. We're joined by Bloomberg's normal Linda Nor. What are you looking at?
Well, of course we've got big tech earning, so that's really been in focus today.
I've got my eyes on Microsoft.
We're seeing this stock down as much as twelve percent, really plunging today. Of course, we know this after reported slowing cloud sales growth. This, of course is really underscoring a lot of investor concerns about the return on spending. Of course, we've been talking so much about the AI spending ballooning, and that's what people are really looking at.
Here's it relates to Microsoft.
So you are seeing those double digit losses here we did see the Azure the cloud computing unit did post a thirty eight percent revenue gain during the quarter that just met analyst expectations. So you are really seeing the stock being punished down for its worst day since March twenty twenty.
That pandemic. All right, Fillo mag seven Name Moving in a different direction.
Nora. Absolutely, we're looking at shares of meta platforms. That's take our m ETA. We're seeing shares up as much as eleven percent. That's the best thing since July. This is after the company topped projections for holiday quarter revenue and also gave a strong forecast for the current quarter. When we look at that earnings report, so we did see that the company projected record.
Spending for twenty twenty six.
The CEO, of course, Mark Zuckerberg saying it's aggressive campaign to a mass ai infrastructure, computing, power, and talent. That's really what a lot of Wall Street is hinging on those words. Really, So we're seeing, of course Wall Street really celebrating the print that we got out of meta platforms. Definitely diverging from what we saw for Microsoft.
All right, how about the defense contractor Lockheed margin.
Yeah, Lockheed Martin, it's actually hitting its highest level ever. Shares are up as much as eight point one percent on the day. This is after it reached a deal with the Pentagon to increase its Thhaad missile production, planning a multi billion dollar investment over three year to expand production. So the company also did report a nine point one percent increase in sales to twenty point three two billion dollars in the fourth quarter. So you're certainly seeing Wall
Street rallying behind this name. We're seeing shares up about four point nine percent right now as we speak.
That's ticker LMT, 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 Applecarplay and Android Auto with the Bloomberg Business app.