Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Paul's Fringing and Tom Keane Here, I'm looking at the
Speaker 2: Stock Movers right now. Stock's on the move with us,
Speaker 2: Lisa Matteo. Lisa, what do you have for your podcast?
Speaker 3: All right, We're going to kick it off with FedEx.
Speaker 3: That's ticker FDx. Its share has been down as much
Speaker 3: as six percent before the Bell War. Than that, it's
Speaker 3: profit will be worse and expected this quarter. What really
Speaker 3: stood out is that FedEx typically provides a full year forecast,
Speaker 3: but it did not offer guidance for the rest of
Speaker 3: the year. They pointed to what they called uncertain global
Speaker 3: demand for the environment, a sign really the impact of
Speaker 3: the trade war on the company. Instead, it expects one
Speaker 3: hundred and seventy million dollar hit this quarter from a
Speaker 3: change in power rules. What happened is to cut demand
Speaker 3: from packages ship to the US from China, and that
Speaker 3: was a big part of it.
Speaker 4: Paul, I think this is so important.
Speaker 2: Fred Smith, with the passing of mister Smith's who invented this,
Speaker 2: no other way to put it, it's just about competition.
Speaker 2: They were alone for decades.
Speaker 4: Yeah, and it's obviously, as you mentioned, on a very
Speaker 4: competitive business.
Speaker 1: But it's such a high fixed.
Speaker 4: Cost business that when demand just ebbs just a little bit,
Speaker 4: what do you do. You've got the planes, you got
Speaker 4: the trucks. I mean, it's just it's kind of like
Speaker 4: that load factor how many packages you can get in there.
Speaker 4: So that's a that's a tough bsiness right there when
Speaker 4: when times are slowly Yeah, and.
Speaker 3: Then you have the competition from Amazon to you on
Speaker 3: top of it. They ended the contract with the post
Speaker 3: Office just about FedEx trucks.
Speaker 2: Stump.
Speaker 4: There's way more Amazon trucks I think than like FedEx
Speaker 4: or even it's just Amazon trucks are everywhere.
Speaker 3: Next, Yeah, transportation, wage expenses, all of that. Okay, I
Speaker 3: want to go to BlackBerry ticker b B. There shares
Speaker 3: up eleven percent before the open. They're talking about not
Speaker 3: talking about the phone with the key bad and you
Speaker 3: know that we used to do with our little thoughts.
Speaker 1: Then do that.
Speaker 3: No, no, no, this is rather the work is a
Speaker 3: security software company. So they boosted its revenue forecast for
Speaker 3: the full year swung to a profit the first quarter,
Speaker 3: better than expected revenue. If you want the specifics, they
Speaker 3: now expect revenue five hundred and eight million to five
Speaker 3: thirty eight million. That's for fiscal twenty twenty six, and
Speaker 3: that's up from its prior guidance. Higher sales guidance also comes.
Speaker 3: The company swung to a profit of one point nine
Speaker 3: million in its fiscal first quarter.
Speaker 4: So it's a tiny company, yeah relative, yeah, exactly.
Speaker 2: The eighteen hundred employees that.
Speaker 4: They survived as a company, that's pretty amazing. Actually they
Speaker 4: were able to get it away from now there what
Speaker 4: they were, you know, a phone.
Speaker 2: You and I have moved down to technology. You still
Speaker 2: have a BlackBerry in the.
Speaker 3: Tour somewhere, don't it somewhere somewhere. But it's interesting you
Speaker 3: say that because you think of like a motorola, right,
Speaker 3: the same thing when you had the flip phone. But
Speaker 3: now they're big on like security stuff too, Like you.
Speaker 2: Never enjoyed wearing a pager and your bill.
Speaker 3: I did have the page, Yes, that was the college
Speaker 3: pager in the quarter. So you can go to the
Speaker 3: payphone and put the money in and call somebody.
Speaker 2: I know, nobody listen what the payphone is?
Speaker 3: Sorry, I gotta go here, Tom. Sorry. Cryptocurrency exchange coin
Speaker 3: based global tickers cooi N. Their shares are up nearly
Speaker 3: five percent, but he closed about twelve percent yesterday, the
Speaker 3: best stock in the S and P five hundred in
Speaker 3: the session. So a few things. You had the Senate
Speaker 3: passing that bill to regulate stable coins in that Genius Act,
Speaker 3: and then you have analysts at Benchmark Capital. They raised
Speaker 3: their price target on the stock. They said, stable coins
Speaker 3: are this major segment of the company's business. We look
Speaker 3: at Bigcoin, they're up about one percent, just above one
Speaker 3: hundred and seven thousand, So I have to also point
Speaker 3: that out too.
Speaker 2: Can I say thank you Gary Gunsler? Yesterday?
Speaker 4: Yeah, that was great.
Speaker 2: It was really informative. And I think of Ken Rogoff's book,
Speaker 2: my book of the Summer in the Bank of International
Speaker 2: Settlements Report, which everybody in the industry is talking about.
Speaker 2: The last three days they were scathing. Yeah, they did that, RAFA.
Speaker 2: They didn't spinning. You know, I just asked Katie.
Speaker 3: Question, what's all meaning exactly? Well, speaking of head spinning,
Speaker 3: this next one, I think I'm going in over my
Speaker 3: head on this one, but we're going to go there
Speaker 3: quantum scape that is ticker qs. The reason why I
Speaker 3: pointed out is because their shares are up like thirty
Speaker 3: seven percent. So it's an EVY battery maker. It announces breakthrough.
Speaker 3: It's a process for making solid state batteries. So they're
Speaker 3: saying this is a breakthrough, this is big. They're integrating
Speaker 3: this advanced Cobra separator process into baseline cell production. Oh
Speaker 3: you know.
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