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. We can do that with Bloomberg's normal INNDA nor.
What are you looking at? Well, no surprise, we've been talking a lot about Starbucks. That's tacker SBUX. We're seeing shares that are hire by about two point six percent right now as we speak. But we did see that the stock has really been rising. This is after the fact that it's global sales at established locations did rise
by four percent in the most recent quarter. We've been hearing so much about this strategy for a turnaround, and it seems as though maybe it could potentially be taking hold. I mean, if you can take a look at the stock action so far this year, it's what January twenty eighth, and we've seen that the stock has written about seventeen percent so far this year. So that's a star reversal from the four back to back years of declines that
we've really seen for this company. We also know that the company has identified about two billion dollars in cost reductions over the quote unquote next couple of years.
And I'll do a shout out for their breakfast sandwiches. They're pretty darn good.
Man's have a really good spinach for Tata.
I want to say, funny there to eat. I'm getting hungry. Yep. Next talk on your list.
Let's take a look at telecommunications. I've got my eyes on AT and T. That's ticker T. We saw that the company reported fourth quarter profit and revenue that beat analyst expectations. They're saying that this is all due to customers who subscribe to more than one connectivity service. We did see also that AT and T added more than half a million fixed and mobile internet subscribers in the quarter.
That includes about two hundred and eighty three thousand new fiber customers and two hundred and twenty one thousand for its wireless internet product, which is known as Internet Air. So we're seeing shares of AT and T up by about four and a half percent earlier up seeing its biggest single date rise in one year.
Techtron.
Yes, so this is actually the second biggest decliner by a percentage basis in the S and P five hundred right now, that is ticker TXT. We're seeing shares down right now by more than nine percent. This is after its profit view missed expectations. Essentially, we're talking about the fact that the company expects a seventy percent increase in
capital expenditure. So clearly you are seeing Wall Street is not pleased with that news, and you're definitely seeing the stock action reflecting that centiment.
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