Tesla Slips, Juniper Climbs on Settlement; Palantir Rebound

On this episode of Stock Movers:
- Tesla (TSLA) shares are lower, following the trend of wind and solar stocks and is the only downside mover of the Mag 7 in the premarket. CEO and founder Elon Musk has spoken out against the bill, saying the bill would destroy millions of US jobs and give "handouts to industries of the past while severely damaging industries of the future." he also called cuts to electric vehicle and clean energy credits would be "incredibly destructive" to the country.
- Juniper Networks (JNPR) is up in the premarket after the Justice Department settled a lawsuit challenging Hewlett Packard Enterprise's $13 billion takeover of Juniper, requiring the combined company to sell HPE's Instant On wireless networking business and auction off a license to Juniper's competing Mist business. The deal would have consolidated the sector from three major players to two, controlling 70% of the market, but the settlement preserves competition in the global networking market.
- NextEra Energy (NEE) is one of many wind and solar stocks moving to the downside this morning amid Senate deliberations over the US tax bill. The new version of the bill adjusts key provisions on the SALT deduction, Medicaid, and clean energy, and includes compromises among warring factions of the Senate GOP.
- Palantir (PLTR) shares are higher this morning after Friday's decline. It comes amid news the company partnered with Accenture Federal Service to form a strategic partnership to provide AI capabilities to federal agencies.

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Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast,
your roundup of companies making moves in the stock market
harnessing the power of Bloomberg Data.

Speaker 2 (00:17):
Stockmovers are in order this with the Futures up twenty one.
The Vict's seventeen point one five. Stockmovers is a podcast
on Apple, on Spotify YouTube podcasts as well. Here's Lisa Matteo.

Speaker 3 (00:28):
Okay, I want to start with Juniper Networks. This ticker
j and pr chairs have been up as much as
eight percent. The reason why, well, the Justice Department they
settled a lawsuit that was challenging Eulett Packard Enterprises thirteen
billion dollar takeover at the company. So the Justice Department
they sued to block that deal back in January. That's
the backstory, and it came. This decision came just less

(00:49):
than two weeks before the trial was set to start,
so it kind of clears that key hurdle for the takeover.
It combines the second and third largest providers of wireless
networking solution for large corporate customers, of course the first
Cisco Systems, but h Pre Enterprise Shares they're also on
the rise to ticker HPE their shares have been up
as much as fifteen percent, so some big news there.

Speaker 4 (01:13):
Also big news for today we all know.

Speaker 3 (01:15):
The Senate begins voting out amendments to President Trump's tax
and spending bill. It includes cuts of things like electric
vehicle clean energy credits and Elon Musk was not happy
about So yeah, he said he's good. He said it
would be his quote, would be incredibly destructive to the country.
So then you look at shares of Tesla Rightech ticker TSLA.

(01:35):
Their shares have been down more than one percent before
the bill. And then you look at companies like next
Era Energy ticker NEE, their shares dropped as much as
five percent. And you even go to en Phase Energy
ticker e NPH, their shares have been down more than
two percent, so a big change. How the headlines are
kind of reflecting on some of the stuffs this morning.
Interesting And what's also interesting, Palenteer, if you remember on

(01:59):
Fridays shares really hit bottom. They were on the rebound
Friday with a sell off. It closed at the worst
stock and the S and P five hundred on Friday
it fell about nine point four percent. That was a
close ticker PLTR before the Bell, though shares are up
as much as five percent, so it's starting to rebound.
There was some news out this morning Palenteer and Accenture

(02:20):
Federal Services. They formed this partnership to provide AI capabilities
to US federal agencies.

Speaker 4 (02:26):
But if you look at the.

Speaker 3 (02:27):
Current price, Palenteers set to add fifteen point three billion
dollars of market cap. As of the last close, the
stock has risen seventy three percent this year.

Speaker 4 (02:36):
It's a Dan Iive's favorite. He always talks about that.

Speaker 5 (02:39):
I'll tell you you look at the an R function
at Lisa eight buys, okay, fifteen holds and six cells.
So the street's completely perplexed what to do with this
interesting okay spending socks up seventy two percent year to date.

Speaker 3 (02:52):
Yeah, and then I'll take you to since I have
a little time, I'll take you to. You know, we
do the upgrades down grades. This was an upgrade. This
is your realm. They're called Disney ticker ds. Their shriffes
have climbed as much as two percent. They got an
upgrade from Jeffries to buy from Hold raise its price target.
So they point to things that kind of you talked about, right,
Limited risk of parks slow down, upside in the cruise

(03:15):
division they like that, and margin expansion.

Speaker 4 (03:17):
Also in the streaming side of.

Speaker 1 (03:18):
Things, the Stock Movers podcast from Bloomberg Radio. Check back
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