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 --> 00:00:16,759 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,560 --> 00:00:19,520 Speaker 1: Let's take a look at some stocks on the move. 5 00:00:19,680 --> 00:00:22,439 Speaker 1: We've got Bloomberg News Aquities reporter Carmen Ronick. You joining 6 00:00:22,480 --> 00:00:24,320 Speaker 1: us here, what's on your radar? 7 00:00:24,520 --> 00:00:26,240 Speaker 3: Yeah, So the first one that I'm going to talk 8 00:00:26,280 --> 00:00:30,560 Speaker 3: about today is Bullish ticker b lsh This was the 9 00:00:30,600 --> 00:00:33,120 Speaker 3: hot ipo of the day. We've had a lot of 10 00:00:33,200 --> 00:00:37,720 Speaker 3: really interesting buzzy IPOs. Bullish shares closed up eighty four 11 00:00:37,760 --> 00:00:40,560 Speaker 3: percent from the ipo price, and I mean they opened 12 00:00:40,600 --> 00:00:43,080 Speaker 3: more than one hundred percent above the ipo price. They 13 00:00:43,080 --> 00:00:45,000 Speaker 3: were up as much as maybe one hundred and forty 14 00:00:45,000 --> 00:00:48,640 Speaker 3: percent today, So really a lot of interest in trading 15 00:00:48,720 --> 00:00:53,920 Speaker 3: this stock today. It's a digital asset exchange operator coindesk 16 00:00:54,280 --> 00:00:57,440 Speaker 3: owns it, and the CEO at least said that sort 17 00:00:57,480 --> 00:00:59,880 Speaker 3: of gives some validity to the crypto interest. 18 00:01:00,360 --> 00:01:02,920 Speaker 4: The stock one is high as one hundred and eighteen today. 19 00:01:04,200 --> 00:01:04,800 Speaker 4: That's crazy. 20 00:01:05,720 --> 00:01:09,560 Speaker 3: I think the ipeola ceo price was thirty seven dollars, 21 00:01:09,640 --> 00:01:11,240 Speaker 3: so it's a huge jump. 22 00:01:11,480 --> 00:01:13,839 Speaker 4: The street was bullish for bullish, it's like kind of wild. 23 00:01:14,560 --> 00:01:18,440 Speaker 4: Let's go to Walmart ticker WMT and Broger. 24 00:01:18,720 --> 00:01:22,480 Speaker 3: So this was interesting today. So Walmart closed down two 25 00:01:22,480 --> 00:01:25,679 Speaker 3: and a half percent, worse day since April though, and 26 00:01:25,760 --> 00:01:29,399 Speaker 3: Kroger was down four point four percent today. Basically what 27 00:01:29,600 --> 00:01:35,480 Speaker 3: happened is Amazon said that it's joining the grocery delivery market. 28 00:01:35,720 --> 00:01:37,319 Speaker 4: Yes, so all of. 29 00:01:37,280 --> 00:01:40,039 Speaker 3: These stocks that are sort of you know, associated with 30 00:01:40,080 --> 00:01:45,960 Speaker 3: grocery delivery or food delivery were down. So that includes Walmart, Kroger, 31 00:01:46,160 --> 00:01:51,000 Speaker 3: Albertson's and Costco all slipped today. And it's interesting we 32 00:01:51,000 --> 00:01:53,880 Speaker 3: think about Amazon. You know, they cover so many different 33 00:01:53,880 --> 00:01:56,520 Speaker 3: things right there, the cloud operator there, you know where 34 00:01:56,560 --> 00:01:59,360 Speaker 3: we shop online, and then food delivery. They're really sort 35 00:01:59,360 --> 00:02:03,080 Speaker 3: of proving themselves to be the company to compete with lately. 36 00:02:03,120 --> 00:02:05,680 Speaker 3: Let me think about trade Dusk last week, huge hit 37 00:02:06,120 --> 00:02:09,680 Speaker 3: Amazon competition, and then seeing these moves again today in 38 00:02:09,880 --> 00:02:11,200 Speaker 3: grocers was really interesting. 39 00:02:11,320 --> 00:02:14,480 Speaker 1: It's a really complicated thing to do logistically. We talked 40 00:02:14,480 --> 00:02:18,480 Speaker 1: about this, getting things fresh, getting things cold. It's you 41 00:02:18,480 --> 00:02:20,120 Speaker 1: can do it in a certain number of cities, but 42 00:02:20,160 --> 00:02:22,080 Speaker 1: to expand it to thousands of cities I think is 43 00:02:22,240 --> 00:02:24,880 Speaker 1: a really big deal Core Weave. What's going on with 44 00:02:24,880 --> 00:02:25,320 Speaker 1: core Wave? 45 00:02:25,440 --> 00:02:29,040 Speaker 3: So core Weave another really hot buzzy stock and IPO 46 00:02:29,600 --> 00:02:32,320 Speaker 3: from this year. It had its worst day ever. Shares 47 00:02:32,360 --> 00:02:36,840 Speaker 3: fell twenty one percent today after it reported earnings. Basically 48 00:02:36,880 --> 00:02:40,919 Speaker 3: it just had a wider than expected loss. So they're 49 00:02:40,919 --> 00:02:43,119 Speaker 3: spending a lot of money, you know, to build out 50 00:02:43,120 --> 00:02:46,520 Speaker 3: there like AI capacities, they sort of help with overflow 51 00:02:46,600 --> 00:02:52,680 Speaker 3: for big hyperscalers like Microsoft Corp. And this. You know, 52 00:02:52,840 --> 00:02:54,640 Speaker 3: the stock is still at more than one hundred percent 53 00:02:54,639 --> 00:02:57,040 Speaker 3: from its IPO price, so I think seeing some of 54 00:02:57,080 --> 00:02:58,800 Speaker 3: the winds sort of taken out of the sales, isn't 55 00:02:58,840 --> 00:03:02,880 Speaker 3: you know, hugely concerned. But another thing sort of on 56 00:03:03,080 --> 00:03:05,320 Speaker 3: my radar, at least for this stock is that it's 57 00:03:05,720 --> 00:03:09,520 Speaker 3: lock up expery. It's tomorrow, I believe end of trading tomorrow. 58 00:03:09,760 --> 00:03:13,360 Speaker 3: So just a lot of catalysts here. And this is 59 00:03:13,360 --> 00:03:16,120 Speaker 3: its second ever earnings report, is a publicly traded company, 60 00:03:16,160 --> 00:03:18,799 Speaker 3: and then there's you know that lockup of shares, so 61 00:03:19,639 --> 00:03:22,440 Speaker 3: for people are soling, we'll see. I mean, this also 62 00:03:22,480 --> 00:03:24,680 Speaker 3: has a huge short seller story. 63 00:03:24,840 --> 00:03:26,920 Speaker 4: That's what I was looking at. Thirty six percent of 64 00:03:26,919 --> 00:03:27,760 Speaker 4: the float is short. 65 00:03:28,000 --> 00:03:30,520 Speaker 3: Yeah, it has pretty low float, so more stock coming 66 00:03:30,600 --> 00:03:32,799 Speaker 3: online will be a big deal. It's been a very 67 00:03:32,880 --> 00:03:37,040 Speaker 3: very expensive to borrow to sell short So definitely something 68 00:03:37,080 --> 00:03:38,680 Speaker 3: I'm going to be keeping my eye on. And shares 69 00:03:38,720 --> 00:03:40,480 Speaker 3: down a lot today, twenty one percent. 70 00:03:40,680 --> 00:03:43,600 Speaker 4: We need to talk about. Cisco came out after the 71 00:03:43,800 --> 00:03:48,400 Speaker 4: close with earnings and its update financial update, and stock's 72 00:03:48,440 --> 00:03:49,840 Speaker 4: been down in the aftermarket. 73 00:03:50,200 --> 00:03:53,800 Speaker 3: Yeah, so ticker cs CEO, it's down about two percent 74 00:03:53,880 --> 00:03:58,320 Speaker 3: right now. So this is another AI you know player here. 75 00:03:58,360 --> 00:04:00,280 Speaker 3: And basically what it looks like happened is that they 76 00:04:00,280 --> 00:04:02,400 Speaker 3: gave a forecast that was kind of in line with 77 00:04:02,440 --> 00:04:04,560 Speaker 3: what Wall Street expected, and you would think, well, why 78 00:04:04,640 --> 00:04:07,480 Speaker 3: is that sinking the stock? But what we've seen is 79 00:04:07,480 --> 00:04:10,040 Speaker 3: a pattern really that investors want the beat and raise. 80 00:04:10,320 --> 00:04:12,760 Speaker 3: They want you to really come in ahead of where 81 00:04:12,760 --> 00:04:14,160 Speaker 3: you said you would be, and then they want you 82 00:04:14,200 --> 00:04:17,080 Speaker 3: to raise your outlook. And so they said sales would 83 00:04:17,080 --> 00:04:21,120 Speaker 3: be between fifty nine and sixty billion. The Wall Street 84 00:04:21,160 --> 00:04:24,080 Speaker 3: average estimate was fifty nine and a half billion, but 85 00:04:24,520 --> 00:04:26,800 Speaker 3: I think there was a higher whisper number. Some analysts 86 00:04:26,800 --> 00:04:29,280 Speaker 3: were maybe looking for more than sixty billion sixty one 87 00:04:29,320 --> 00:04:30,799 Speaker 3: billion from Cisco. 88 00:04:33,120 --> 00:04:37,120 Speaker 2: The Stock Mover's report from Bloomberg Radio. 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