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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 stocks on the move today.
I'm Nathan Hager, joined by Bloomberg's Dan Curtis on a Friday morning where stocks look like you're you're going to rally once again.
Accept for Netflix. Good morning Dan.
Good morning Nathan. That's right. Netflix issued second quarter guidance that missed estimates that has shares tumbling over ten percent in the pre market, trading under ticker NFLX. Second quarter guidance came it was seventy eight cents a share, the estimate was eighty four cents of share. Revenue and operating income forecasts also in lighter than expected. This comes after the company boosted its ad free subscription plan by two
dollars to twenty dollars bucks each in March. It's also the first earnings report since the company step back from the Warner Brothers bidding war so looking forward to what they're trying to do, The company said it's going to ramp up its sports program globally, including world Baseball Classics and expanding its relationship with NFL. They've been going in on the live events. I remember watching Alex Honold trying to free climb the building in Taipei and it was crazy.
I mean, all that they had the Artemist two splash down. They've been really going in on this, So that's where they're looking for some growth. And then on top of all, on top of the guidance Smith, we also found out that co founder and chairman REDA. Hastings separately said he's stepping down. He's not going to stand for reelection in June. So shake up in management as well.
Yeah, stepping away from Warner Brothers and read Hastings stepping away from the company itself. Yeah, a lot came out of those Netflix results. The most actively traded stock this morning, speaking of the overall rally, tell us what's going on with Microsoft.
Microsoft share shares are up about one percent in pre market tick our MSFT. But it's not just about this morning, it's about the week. The stock has gained over fourteen percent this week. It's set for the biggest weekly jump in over a decade. We're seeing this massive equity rally and we're also starting to see software as a group coming back. This bounce comes after Microsoft got caught up
in the software concerns. Before this jump, the stock had fallen thirty three percent from October peak, wiping out nearly one point four trillion dollars in market cap. Today this week, investors really stepping in, buying it up up one percent pre market, fourteen percent on the week.
Definitely want to keep an eye on oh.
Moving back to the earnings theme, we didn't just hear from Netflix. We also got results from aluminum giant Alcoa, and it doesn't look like those are being received too well either.
Dan No shares are down three percent in pre market under ticker AA. A while ago, this company actually started kicking off unofficially the S and P of five hundred earning season, but they've come out and the aluminum company is struggling to convert surging metal prices into performance. The largest US aluminum producer misstop and bottom line estimates despite the surgeon prices in the wake of the Iron War. ALCO's operations have been disrupted by this war and higher
costs that they have faced have dragged on profits. And also Alco typically sells most of its illuminam which is key to smelting aluminum two plants in the Middle East, but it can't given the disruption. So shares are coming in still up about ten percent since the start of the war.
And just quickly, Dan, you've got an energy stock on your list as well, and you got to help me out with this one.
Is it ni Source? Nie Source, help me out?
I've been saying Nisource, and I hope So that's right. Well we'll just make it that way for now until I get complaints. Ticker and I this is a smaller company, but Nisource. Those shares are up over three percent in the pre market. Is an Indiana utility provider and it's announced a long term agreement with a subsidiary of Alphabet to support large scale data center. Now these AI hyperscal are spending a lot on CAPEX and a lot of
that is going to these utility companies energy providers. Nice also expanded its packed with Amazon data sources and this is generally a strong space in the morning. So there's another company, New Scale Power. They're looking into providing nuclear energy. Take our SMR up two percent in the pre market, so aipower.
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