1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,840 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:17,880 Speaker 1: Well, let's take a look at some of the stocks 5 00:00:17,880 --> 00:00:19,520 Speaker 1: on the move today. We can do that with Bloomberg's 6 00:00:19,520 --> 00:00:22,919 Speaker 1: Matthew Griffin. Matthew, what are you looking at? Well, Paul? 7 00:00:22,960 --> 00:00:26,160 Speaker 3: The first stock on my screen this morning is SMP Global, 8 00:00:26,400 --> 00:00:30,120 Speaker 3: the provider of bond ratings other financial data, not having 9 00:00:30,120 --> 00:00:30,640 Speaker 3: a good day. 10 00:00:30,680 --> 00:00:33,360 Speaker 1: Shares currently down more than seven percent. 11 00:00:33,880 --> 00:00:37,920 Speaker 3: They gave a profit outlook for this year that missed estimates. 12 00:00:38,000 --> 00:00:39,320 Speaker 1: They see adjusted. 13 00:00:38,960 --> 00:00:42,040 Speaker 3: Earnings per share as much as nineteen dollars sixty five cents. 14 00:00:42,280 --> 00:00:46,080 Speaker 3: Analysts were looking for twenty dollars, but they may also 15 00:00:46,240 --> 00:00:49,720 Speaker 3: be getting punished because of the context this report is 16 00:00:49,800 --> 00:00:53,279 Speaker 3: landing in. Baird said there are a few soft spots 17 00:00:53,440 --> 00:00:55,680 Speaker 3: in the results in the guidance, but that the bid 18 00:00:55,800 --> 00:00:59,840 Speaker 3: under their broader sector is unusually weak on concerns of 19 00:01:00,320 --> 00:01:03,320 Speaker 3: disruption from AI. I mean, if you look over the 20 00:01:03,400 --> 00:01:06,720 Speaker 3: last week or so, that's been the story driving markets, 21 00:01:07,200 --> 00:01:10,240 Speaker 3: so potentially some concerns about that today. This stock now 22 00:01:10,400 --> 00:01:14,760 Speaker 3: down about twenty one percent, year to date. That's ticker SPGI. 23 00:01:14,800 --> 00:01:18,119 Speaker 3: And you've also got peers like NASDAC and Moody's selling 24 00:01:18,160 --> 00:01:20,240 Speaker 3: off this morning. All right, good mover for us to 25 00:01:20,280 --> 00:01:22,600 Speaker 3: start with the Now onto the next name, which is 26 00:01:22,880 --> 00:01:24,520 Speaker 3: has the best ticker hands down Hog. 27 00:01:25,319 --> 00:01:26,400 Speaker 1: Yes, so Hog. 28 00:01:26,440 --> 00:01:30,280 Speaker 3: That's the ticker for Harley Davidson, the motorcycle manufacturer. They've 29 00:01:30,319 --> 00:01:32,800 Speaker 3: been sending investors on a bit of a roller coaster 30 00:01:32,920 --> 00:01:35,680 Speaker 3: ride this morning. Shares were down as much as fifteen 31 00:01:35,720 --> 00:01:40,399 Speaker 3: percent pre market, now trading roughly flat, and there really 32 00:01:40,400 --> 00:01:41,840 Speaker 3: were some puts in takes here. 33 00:01:41,959 --> 00:01:44,919 Speaker 1: They reported an unexpected. 34 00:01:44,200 --> 00:01:47,319 Speaker 3: Drop in motorcycle shipments in their most recent quarter that 35 00:01:47,400 --> 00:01:50,760 Speaker 3: was down four percent when analysts wanted a twenty two 36 00:01:50,840 --> 00:01:54,640 Speaker 3: percent increase. But then they said on their earnings call 37 00:01:54,760 --> 00:01:57,160 Speaker 3: that they see shipments growing this year, kind of laid 38 00:01:57,160 --> 00:01:59,600 Speaker 3: out some steps they're taking to improve the business and 39 00:02:00,240 --> 00:02:03,360 Speaker 3: think that that shows some of the context for this 40 00:02:03,400 --> 00:02:05,920 Speaker 3: company right now. They're dealing with tariffs, dealing with weak 41 00:02:05,960 --> 00:02:08,720 Speaker 3: demand for some of their bikes, but also taking steps to, 42 00:02:08,919 --> 00:02:12,480 Speaker 3: for example, repair relationships with their dealers, and it seems 43 00:02:12,480 --> 00:02:14,520 Speaker 3: like investors are giving them the benefit of the doubt. 44 00:02:14,919 --> 00:02:17,640 Speaker 1: Cool I can ride my invest bascooter with the Harley 45 00:02:17,720 --> 00:02:19,399 Speaker 1: Davison crowd. How do you think that would go over? 46 00:02:19,800 --> 00:02:22,360 Speaker 1: Not so well. It's a different look. It's a different look, 47 00:02:22,800 --> 00:02:23,080 Speaker 1: all right. 48 00:02:23,480 --> 00:02:28,320 Speaker 3: Spotify, Yes, Spotify of course, Swedish company listed in the 49 00:02:28,440 --> 00:02:32,240 Speaker 3: US with ticker spot up eighteen percent and heading for 50 00:02:32,360 --> 00:02:35,840 Speaker 3: its best day on record after the music streaming service 51 00:02:36,000 --> 00:02:39,040 Speaker 3: reported record user growth in the most recent quarter. They 52 00:02:39,080 --> 00:02:41,680 Speaker 3: added thirty eight million users to reach a total of 53 00:02:41,720 --> 00:02:45,120 Speaker 3: seven hundred and fifty one million, above analyst expectations. 54 00:02:45,240 --> 00:02:46,840 Speaker 1: A couple things were behind that. 55 00:02:47,000 --> 00:02:50,800 Speaker 3: Their Spotify Wrap promotion of course telling you what music 56 00:02:50,800 --> 00:02:52,520 Speaker 3: you listened to in the year, as well as an 57 00:02:52,600 --> 00:02:56,440 Speaker 3: enhanced free tier for their business. Also really strong gross margins. 58 00:02:56,480 --> 00:02:58,959 Speaker 3: Those grew to a record thirty three percent. It's sort 59 00:02:58,960 --> 00:03:03,079 Speaker 3: of an early win for new co CEOs Gustav Soderstrom 60 00:03:03,120 --> 00:03:05,560 Speaker 3: and Alex Nordstrom, who took over at the top of 61 00:03:05,600 --> 00:03:08,560 Speaker 3: the year, and it may be a bit of welcome 62 00:03:08,600 --> 00:03:11,400 Speaker 3: good news that stock still down about sixteen percent year 63 00:03:11,440 --> 00:03:13,080 Speaker 3: to date on some of the weakness in tach but 64 00:03:13,360 --> 00:03:15,440 Speaker 3: certainly can't complain with the performance today. 65 00:03:16,600 --> 00:03:20,600 Speaker 2: The stock Movers report from Bloomberg Radio check back with 66 00:03:20,680 --> 00:03:23,280 Speaker 2: us throughout the day. For the latest roundup of companies 67 00:03:23,360 --> 00:03:26,440 Speaker 2: making news on Wall Street, and for the latest market 68 00:03:26,480 --> 00:03:30,960 Speaker 2: moving headlines. 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