On this episode of Stock Movers:
- Warner Bros Discovery (WBD) shares are up 3.9% in premarket trading after Larry Ellison agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount. Paramount Skydance rises 3.1%, while Netflix ticks 0.4% higher.
- Marvell Technology (MRVL) shares are up 2.1% in premarket trading, after Citi opened a positive catalyst watch on the chipmaker ahead of next month’s CES conference.
- Rocket Lab (RKLB) shares jumped 18% on Friday and closed at a record high of $70.52 after the U.S. Space Development Agency on Friday awarded the company an agreement worth up to $805 million to provide 18 missile warning, tracking and defense satellites. Rocket Lab said the agreement was its largest single contract to date.
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Episode Transcript
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. All right, let's see
what's happening out there in the world. See what some
stocks on the move today. On Paul Suoni alongside Just
Another Food. We're joined by Normal Linda, Norm. What are
(00:23):
looking at Well, let's.
Speaker 2 (00:24):
Kick things off with one of the biggest stories of
the day. We've been talking about this all morning. Of course,
we've got our eyes on Warner Brothers Discovery. We are
hearing that Paramount's Guidance amended its bid for Warner Brothers Discovery,
and they're actually having Larry Ellison, the chairman of Oracle,
personally backing this bid. Here a guarantee of forty billion
dollars forty point four billion dollars in equity financing. Four
(00:45):
Paramounts propose one one eight point four billion dollar offer
for Warner Brothers Discovery. Literally has been an evolving story.
I like it's been a bit of a back and
forth tug and pull here. If we think about Netflix
and Paramount's guidance and looking at shares, a pair ofmo
S guidance up more than seven percent as the best
performing stock in the S and P five hundred on
a percentage basis. Netflix shares though sliding down about nine
(01:08):
tenths of a percent right now as we speak. And
Warner Brothers Discovery, which we know is really the center
of this entire discussion. Those shares are up about two
point seven percent right now. All right, Number two, Number two.
I've got my eyes on the tech space as well.
Looking at shares of Marvel Technology ESUS is taker mr VL.
We're seeing shares up about one point three percent. This
(01:29):
is after City open to positive catalyst watch on the company.
This is a chip maker. This is ahead of their
conference as a tech conference they're going to be having
next month in Las Vegas. They're saying that they expect
Marvel and Peers to highlight growing adoption of scale up networking,
including copackaged optics at the CEES conference, which likesly will
help this company, Marvel to win Trainium four. So we
(01:52):
are seeing a bit of a positive upswing here for
the company. Shares though down on a year to day
basis by about twenty three percent. Rocket left Rocket Labs.
This is in the aerospace sector. We're looking at shares
of rocket Lab this taker RKLB. They're up more than
eight percent. The company won a contract to design and
build eighteen satellites. This is the company's largest single contract
(02:15):
to date, so we are seeing shares up about eight percent,
but on a unity basis, the stocks really been on
a tear, almost up about two hundred percent so far
this year.
Speaker 1 (02:25):
The Stock Movers report from Bloomberg Radio. Check back with
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