WEBVTT - Oracle Drops, Lennar Falls, Medline Surges

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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>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tim Stanebeck along with Carol Masser with us IS

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<v Speaker 1>Bloomberg News. Acutis reporter and deputy team leader for US

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<v Speaker 1>Equity is Carmen Reinikey, Carmen. We got to start with

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<v Speaker 1>the IPO, the big one today.

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<v Speaker 3>Yeah, so Medline biggest IPO of the year, six point

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<v Speaker 3>twenty six billion is huge. So the stock is I'm

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<v Speaker 3>just going to try to calculate it live. The stock

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<v Speaker 3>is of about thirty five percent right now from its

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<v Speaker 3>IPO prices, trading at about thirty nine dollars per share.

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<v Speaker 3>IPO was twenty nine, So we're seeing, you know, just

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<v Speaker 3>lots of enthusiast math.

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<v Speaker 4>There By the way, well done, nice math.

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<v Speaker 3>Oh well, I'm not gonna lie I have a calculatory

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<v Speaker 3>as a professor. If I made it sound like she was,

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<v Speaker 3>like I prepared, but I did not do it in

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<v Speaker 3>my head.

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<v Speaker 4>Okay, but listen, a good debut, right. Obviously, the pricing

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<v Speaker 4>was right, investors were into it on a day where

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<v Speaker 4>the markets are down. So that's interesting.

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<v Speaker 3>Yeah, very very solid start from Medline. Should we switch

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<v Speaker 3>to part of the market that's not doing so hot today?

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<v Speaker 4>Yeah? Where do you want to go? All right?

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<v Speaker 3>All right, let's look at Oracle. This is ticker o RCL.

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<v Speaker 3>So shares are down about five percent right now, the

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<v Speaker 3>most since December twelfth, but this is looking like the

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<v Speaker 3>lowest since June eleventh, intra day. So there's just been

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<v Speaker 3>a lot of nervousness around this company and sort of

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<v Speaker 3>the latest thing is that it's said while final negotiations

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<v Speaker 3>on a deal for a project in Michigan are on schedule,

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<v Speaker 3>they don't include Blue Oul Capital, which has been involved

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<v Speaker 3>in the financing of a lot of other data centers.

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<v Speaker 4>It's a longtime partner of Oracles, so it's interesting to

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<v Speaker 4>see them pull out or pull back.

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<v Speaker 3>Yeah, exactly. So shares not looking so great for Oracle.

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<v Speaker 3>It's had such a long fall and we're actually watching

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<v Speaker 3>for it to go negative on the year.

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<v Speaker 4>Yeah, it's only up about seven and a half percent.

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<v Speaker 4>Go back what a few.

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<v Speaker 1>Yeah, go to some months September nine, September tenth, right

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<v Speaker 1>down more than forty percent.

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<v Speaker 4>Yeah, like really rough, we're next. And video.

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<v Speaker 3>Yeah, so in videos having a sell off today as well,

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<v Speaker 3>about three and a half percent, which isn't the biggest number,

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<v Speaker 3>but this accounts for almost one hundred and fifty billion

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<v Speaker 3>dollars of market value. So what we're seeing is that

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<v Speaker 3>it's probably reacting to use that open AIS and discussions

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<v Speaker 3>to raise at least ten billion and from Amazon to

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<v Speaker 3>use its chips. So this just you know, adds some

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<v Speaker 3>competition to Nvidia, and you know, it's just we're seeing

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<v Speaker 3>some broad based weakness across the AI trade today in general,

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<v Speaker 3>and in video is kind of always the leader there.

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<v Speaker 1>What's interesting is we're also seeing the companies that have

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<v Speaker 1>benefited from the AI trade that are not you know,

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<v Speaker 1>AI focused companies exactly, energy providers, builders of data centers.

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<v Speaker 1>They're taking a big hit today too.

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<v Speaker 3>Yeah, they all are. It's really across across the board,

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<v Speaker 3>even some of the big gainers.

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<v Speaker 4>And video is down about seventeen percent from late October.

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<v Speaker 4>I mean, it's still got a decent gain on the year.

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<v Speaker 4>I mean it's still up almost thirty twenty almost twenty

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<v Speaker 4>eight percent to be close to exact, but we've definitely

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<v Speaker 4>seen a retrenchment in that name. So yeah, I feel

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<v Speaker 4>like every time we would talk about like competition to

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<v Speaker 4>end video, people would be like, yeah, there's plenty to

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<v Speaker 4>go around, There's gonna be lots of demand. But if

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<v Speaker 4>I don't know, as you get more players.

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<v Speaker 3>I think there's also just so much nervousness right now.

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<v Speaker 3>And we also just had, you know, the earnings reports

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<v Speaker 3>from Broadcom that didn't look good. There's Micron tonight, so

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<v Speaker 3>people are just really watching this space to see what's

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<v Speaker 3>what's going to happen next.

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<v Speaker 1>You got one more for us?

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<v Speaker 3>All right? Yes, I have Lenar tick er l E N.

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<v Speaker 3>So this is down nearly five percent right now. The

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<v Speaker 3>company gave first a first quarter forecast for orders, deliveries,

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<v Speaker 3>and margins that all fell below Wall Street expectations, signals

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<v Speaker 3>that there's just strains on the housing market in general,

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<v Speaker 3>even with a lower interest rate. Some of its fourth

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<v Speaker 3>quarter line items also fell below expectations, including orders in

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<v Speaker 3>the margins.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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