Haliburton Rises, Meta Drops, Carnival Down After 2Q Guidance

0:00Equity indices made by committees, that's the old way. The new way is Bloomberg Equity indices. Transparent indices built on data, not opinions. Discover evolved benchmarks for today's equity markets at Bloomberg.com slash equity index subscriptions. 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 Christina Kino. Christina, what are you looking at today? All right, let's start with Haliburton Paul. Take her HAL. That shares doing well today up 2.7 percent. And that is because JP Morgan raised its price target on the company. Say that expects limited first quarter earnings impact from the Iran War compared with its other peers. So JP Morgan rating the stock overweight. So maintaining that rating. But they did raise the price target to $40 from $35.

1:00Current stock price around $39. And so analysts from JP Morgan citing that the fact that Haliburton maintained its guidance for Saudi Arabia in North America compared with lower guidance by some of its peers helps keep up its rating there and the outlook as well. Although second quarter earnings could see some impact from the war but not majorly so at the moment. All right, and let's move on to your second stock in the tech space. Absolutely, Scarlet. Let's take a look at meta. So ticker META. Those shares are down today. Extinguish some of those opening declines now down 2.7 percent. And of course, we all know that meta and Google were found liable in the first social media addiction trial. So companies, of course, have responded to the verdict. They disagree. And meta says that it is evaluating its legal options. We do have blue intelligence analysts weighing in on the verdict and its impact for the company saying that ultimately it's unlikely to have a material business impact given that the case,

2:03while it was strong, it wasn't a unanimous decision. And so that could potentially poke some holes in the argument depending on how the appeal process goes. Carnival cruise lines. Carnival cruise lines. We just got the report earlier today and that is not voting well for the share. Those shares are down now more than 3 percent at the moment. And that is because we did get some disappointing outlooks for the company for both the second quarter period and the full year period. So first quarter adjusted EPS actually beat estimates. That came in a 20 cents versus 18 cents. But it's the outlook that investors are worried about clearly. So for the full year, EPS outlook is about $2.21. The estimate was $2.35. I also note that their fuel costs bigger than expected, as one would expect. So now they're seeing their fuel cost for the second quarter, 610 million versus 539 of 40 estimate. This stock movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies

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