WEBVTT - S&P Global Tumbles, Harley-Davidson Rises, Spotify Climbs on User Growth

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Well, let's take a look at some of the stocks

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<v Speaker 1>on the move today. We can do that with Bloomberg's

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<v Speaker 1>Matthew Griffin. Matthew, what are you looking at? Well, Paul?

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<v Speaker 3>The first stock on my screen this morning is SMP Global,

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<v Speaker 3>the provider of bond ratings other financial data, not having

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<v Speaker 3>a good day.

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<v Speaker 1>Shares currently down more than seven percent.

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<v Speaker 3>They gave a profit outlook for this year that missed estimates.

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<v Speaker 1>They see adjusted.

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<v Speaker 3>Earnings per share as much as nineteen dollars sixty five cents.

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<v Speaker 3>Analysts were looking for twenty dollars, but they may also

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<v Speaker 3>be getting punished because of the context this report is

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<v Speaker 3>landing in. Baird said there are a few soft spots

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<v Speaker 3>in the results in the guidance, but that the bid

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<v Speaker 3>under their broader sector is unusually weak on concerns of

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<v Speaker 3>disruption from AI. I mean, if you look over the

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<v Speaker 3>last week or so, that's been the story driving markets,

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<v Speaker 3>so potentially some concerns about that today. This stock now

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<v Speaker 3>down about twenty one percent, year to date. That's ticker SPGI.

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<v Speaker 3>And you've also got peers like NASDAC and Moody's selling

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<v Speaker 3>off this morning. All right, good mover for us to

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<v Speaker 3>start with the Now onto the next name, which is

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<v Speaker 3>has the best ticker hands down Hog.

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<v Speaker 1>Yes, so Hog.

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<v Speaker 3>That's the ticker for Harley Davidson, the motorcycle manufacturer. They've

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<v Speaker 3>been sending investors on a bit of a roller coaster

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<v Speaker 3>ride this morning. Shares were down as much as fifteen

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<v Speaker 3>percent pre market, now trading roughly flat, and there really

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<v Speaker 3>were some puts in takes here.

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<v Speaker 1>They reported an unexpected.

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<v Speaker 3>Drop in motorcycle shipments in their most recent quarter that

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<v Speaker 3>was down four percent when analysts wanted a twenty two

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<v Speaker 3>percent increase. But then they said on their earnings call

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<v Speaker 3>that they see shipments growing this year, kind of laid

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<v Speaker 3>out some steps they're taking to improve the business and

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<v Speaker 3>think that that shows some of the context for this

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<v Speaker 3>company right now. They're dealing with tariffs, dealing with weak

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<v Speaker 3>demand for some of their bikes, but also taking steps to,

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<v Speaker 3>for example, repair relationships with their dealers, and it seems

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<v Speaker 3>like investors are giving them the benefit of the doubt.

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<v Speaker 1>Cool I can ride my invest bascooter with the Harley

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<v Speaker 1>Davison crowd. How do you think that would go over?

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<v Speaker 1>Not so well. It's a different look. It's a different look,

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<v Speaker 1>all right.

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<v Speaker 3>Spotify, Yes, Spotify of course, Swedish company listed in the

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<v Speaker 3>US with ticker spot up eighteen percent and heading for

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<v Speaker 3>its best day on record after the music streaming service

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<v Speaker 3>reported record user growth in the most recent quarter. They

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<v Speaker 3>added thirty eight million users to reach a total of

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<v Speaker 3>seven hundred and fifty one million, above analyst expectations.

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<v Speaker 1>A couple things were behind that.

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<v Speaker 3>Their Spotify Wrap promotion of course telling you what music

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<v Speaker 3>you listened to in the year, as well as an

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<v Speaker 3>enhanced free tier for their business. Also really strong gross margins.

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<v Speaker 3>Those grew to a record thirty three percent. It's sort

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<v Speaker 3>of an early win for new co CEOs Gustav Soderstrom

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<v Speaker 3>and Alex Nordstrom, who took over at the top of

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<v Speaker 3>the year, and it may be a bit of welcome

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<v Speaker 3>good news that stock still down about sixteen percent year

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<v Speaker 3>to date on some of the weakness in tach but

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<v Speaker 3>certainly can't complain with the performance today.

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<v Speaker 2>The stock Movers report from Bloomberg Radio check back with

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