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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 stocks on the move today.
I'm Nathan Hager, joined by Bloomberg's Isabelle Lee on another morning of geopolitical risk front and center. Risk off in just about every asset except for energy commodities, and that has to be reflected in energy stocks this morning.
Isabelle, good morning, Good.
Morning, Nathan. Exactly, we're looking at green on the screen when it comes to oil stocks. Chevron, Valero, Energy, Exxon all are hired by more than two percent, and of course we know that oil it is at the center of the markets when it comes to this crisis. We're now entering the fourth day. We're seeing stocks pre market fell, bond deepening losses, but not oil, so at least there that's a little bright spot at least when it comes to the market.
Yeah, rally in energy. We'll be tracking that throughout the day. I'm sure we'll also be keeping an eye, I guess on Target shares. They just reported earnings and it looks like it caught investors by a positive surprise.
Stocks in pre market were higher around five percent. It paired back some of those gains, so just up by three percent, but still we see a really positive report from Target. The company reported better than expected profit for the full year, so this indicates that the turnaround plant
are generating results. Adjusted EPs are projected in the range of seven dollars and fifty cents to eight dollars and fifty cents in the current fiscal year, so the midpoint of that, according to Bloomberg average as the mids is above average. So the strong guidance shows that Target is really making some progress at improving their performance. It for a while kind of struggled a little bit as consumers
become price sensitive and as competitors just become better. But at the end of the day, the lengthy sales slump was really bucked by the management. And a key challenge is that householders spending less on home decor and other discretionary items. So I myself have trying not to decorate my home, but at least Target reported that they're able to mitigate that.
Among the most actively traded stocks in the pre market to the downside, Invidia shares leading the mag seven lower.
Down by three percent. You are correct. This comes after a Bloomberg exclusive yesterday reporting that US officials are considering caps on the number of AI accelerators that Nvidia can export to any one Chinese company. So the Trump administration has talked about limiting those to buying seventy five thousand of Nvidia's eight two hundred chips. Shipments of AMD similar chips also would count towards the cap. The accelerators are a price commodity in the tech world because they're used
to develop and run these really sophisticated AI models. And this is really the news that's been slowly developing because it's always at the headlines. Everyone is in interested at what in video will do, because where in video goes, the market will go. So in the pre market, at least for now, it's in the red.
And in our last thirty seconds, Isabelle tell us the latest reason why should we should be keeping our eyes on Paramount sky Dance today?
Oh my gosh, what is not the latest reason? Every day there's a headline the stock is now down by five percent in pre market, So the latest is pitched downgraded paramounts corporate and long term borrower ratings too junk.
This comes after its agreement to buy its large arrival, Warner Brothers Discovery, and it's a deal that will sattle the combined business of Paramount with seventy nine dollars seventy nine billion dollars in net that On Monday, Paramount said it will combine Paramount Plus and HBO Max streaming services in a single platform. So really lots of news from that company all day.
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.