Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Well, let's take a look at some of the stocks
Speaker 1: on the move today. We can do that with Bloomberg's
Speaker 1: Matthew Griffin. Matthew, what are you looking at? Well, Paul?
Speaker 3: The first stock on my screen this morning is SMP Global,
Speaker 3: the provider of bond ratings other financial data, not having
Speaker 3: a good day.
Speaker 1: Shares currently down more than seven percent.
Speaker 3: They gave a profit outlook for this year that missed estimates.
Speaker 1: They see adjusted.
Speaker 3: Earnings per share as much as nineteen dollars sixty five cents.
Speaker 3: Analysts were looking for twenty dollars, but they may also
Speaker 3: be getting punished because of the context this report is
Speaker 3: landing in. Baird said there are a few soft spots
Speaker 3: in the results in the guidance, but that the bid
Speaker 3: under their broader sector is unusually weak on concerns of
Speaker 3: disruption from AI. I mean, if you look over the
Speaker 3: last week or so, that's been the story driving markets,
Speaker 3: so potentially some concerns about that today. This stock now
Speaker 3: down about twenty one percent, year to date. That's ticker SPGI.
Speaker 3: And you've also got peers like NASDAC and Moody's selling
Speaker 3: off this morning. All right, good mover for us to
Speaker 3: start with the Now onto the next name, which is
Speaker 3: has the best ticker hands down Hog.
Speaker 1: Yes, so Hog.
Speaker 3: That's the ticker for Harley Davidson, the motorcycle manufacturer. They've
Speaker 3: been sending investors on a bit of a roller coaster
Speaker 3: ride this morning. Shares were down as much as fifteen
Speaker 3: percent pre market, now trading roughly flat, and there really
Speaker 3: were some puts in takes here.
Speaker 1: They reported an unexpected.
Speaker 3: Drop in motorcycle shipments in their most recent quarter that
Speaker 3: was down four percent when analysts wanted a twenty two
Speaker 3: percent increase. But then they said on their earnings call
Speaker 3: that they see shipments growing this year, kind of laid
Speaker 3: out some steps they're taking to improve the business and
Speaker 3: think that that shows some of the context for this
Speaker 3: company right now. They're dealing with tariffs, dealing with weak
Speaker 3: demand for some of their bikes, but also taking steps to,
Speaker 3: for example, repair relationships with their dealers, and it seems
Speaker 3: like investors are giving them the benefit of the doubt.
Speaker 1: Cool I can ride my invest bascooter with the Harley
Speaker 1: Davison crowd. How do you think that would go over?
Speaker 1: Not so well. It's a different look. It's a different look,
Speaker 1: all right.
Speaker 3: Spotify, Yes, Spotify of course, Swedish company listed in the
Speaker 3: US with ticker spot up eighteen percent and heading for
Speaker 3: its best day on record after the music streaming service
Speaker 3: reported record user growth in the most recent quarter. They
Speaker 3: added thirty eight million users to reach a total of
Speaker 3: seven hundred and fifty one million, above analyst expectations.
Speaker 1: A couple things were behind that.
Speaker 3: Their Spotify Wrap promotion of course telling you what music
Speaker 3: you listened to in the year, as well as an
Speaker 3: enhanced free tier for their business. Also really strong gross margins.
Speaker 3: Those grew to a record thirty three percent. It's sort
Speaker 3: of an early win for new co CEOs Gustav Soderstrom
Speaker 3: and Alex Nordstrom, who took over at the top of
Speaker 3: the year, and it may be a bit of welcome
Speaker 3: good news that stock still down about sixteen percent year
Speaker 3: to date on some of the weakness in tach but
Speaker 3: certainly can't complain with the performance today.
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