WEBVTT - Closing Bell: Dell Soars, Costco Dips, NetApp Rallies

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

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<v Speaker 2>This is the closing bell on this stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>Dell Technology Shares. Can you believe this today, guys?

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<v Speaker 4>I literally cannot.

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<v Speaker 3>Thirty three percent to the upside. The stock is up

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<v Speaker 3>more than two hundred percent this year. That we know

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<v Speaker 3>the story by now Shares Search, after the company gave

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<v Speaker 3>an outlook for annual sales that far surpassed analyst estimates

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<v Speaker 3>that demand for servers that power AI revenue in the

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<v Speaker 3>fiscal year ending January of twenty twenty seven will be

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<v Speaker 3>about one hundred and sixty seven billion dollars, including sixty

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<v Speaker 3>billion from the sale of AI servers, That tops analysts

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<v Speaker 3>average estimate of one hundred and forty two zero point

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<v Speaker 3>one billion dollars. I also wanted to take a share

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<v Speaker 3>a look at what shares of Micron did today. They

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<v Speaker 3>rose in the session, up more than five percent. This

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<v Speaker 3>after Susquehanna raised its price target to a street high

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<v Speaker 3>view of one thy seven hundred and fifty dollars. That

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<v Speaker 3>was from six hundred dollars. It's at nine hundred and

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<v Speaker 3>seventy one dollars right now. So we were all talking

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<v Speaker 3>about the the view of UBS earlier this week and

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<v Speaker 3>that helped propel Micron to a trillion dollar market cap. Well,

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<v Speaker 3>this takes out what had been that street high from

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<v Speaker 3>earlier this week that was on Tuesday. Amazing and chares

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<v Speaker 3>a Micron up more than five percent. Also another gainer

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<v Speaker 3>in the S and P five hundred. This one I

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<v Speaker 3>believe is the second best performer net app this rally

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<v Speaker 3>today twenty two point four percent. The data storage provider

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<v Speaker 3>reported its latest earnings. Analyst said the report is a

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<v Speaker 3>strong print from the company, showing strong growth with upgrades

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<v Speaker 3>to consensus expected.

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<v Speaker 4>And I have great news.

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<v Speaker 5>Actually we're going to be speaking to the CEO on

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<v Speaker 5>the close at about four to twenty pm today, so

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<v Speaker 5>wanting how that works.

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<v Speaker 3>I just set you up perfectly for that.

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<v Speaker 4>Incredible again, like we planned this.

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<v Speaker 3>Yeah, amazing, We're so good. Yeah, all right, Christina, this

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<v Speaker 3>is where you take away.

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<v Speaker 4>Say, I feel so left out us.

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<v Speaker 1>All right, I'm Debbie Downer today my job is decliners,

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<v Speaker 1>and I want to start with one that was unexpected

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<v Speaker 1>and that's Costco. You know, it's down, it's about four

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<v Speaker 1>percent now. It was as much as five percent earlier.

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<v Speaker 1>Today the company reported actually higher than expected earnings, but

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<v Speaker 1>it wasn't enough apparently to impress investors. But hey, those

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<v Speaker 1>investors could end up happy anyway soon because there's rumors

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<v Speaker 1>of a potential special dividend coming in the coming months,

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<v Speaker 1>So that, of course could spark a rally of those

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<v Speaker 1>Costco stocks. So stand by and have faith Tim in

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<v Speaker 1>that dollar fifty hot dog.

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<v Speaker 3>I'm all about the peanut butter pretzels at.

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<v Speaker 4>Costco, but you are all right.

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<v Speaker 1>The other one I'm looking at is Eli. Lily has

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<v Speaker 1>had a bit of a ride today. It's down as

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<v Speaker 1>much as two percent at one point. This comes after

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<v Speaker 1>this back and forth with CBS. You know, the drug

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<v Speaker 1>giant and prescription plan giant provider was going to restrict

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<v Speaker 1>access to Lily's obesity shot zep found, but Lily agreed

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<v Speaker 1>to cut the prices it charges many of those health

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<v Speaker 1>plans under the CVS umbrella, and that decision by CBS

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<v Speaker 1>was reverse and again still uncertainty, that, combined with uncertainty

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<v Speaker 1>over the Trump administration's import drug policy, seems to be

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<v Speaker 1>putting the stock a bit on a back foot. It's

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<v Speaker 1>especially problematic in light of this most Favored Nation status.

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<v Speaker 1>It could complicate Eli Lilly's ability to do drug rollouts

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<v Speaker 1>in places like Japan and elsewhere. And then finally we

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<v Speaker 1>are falling into the gap. We are back to the gap.

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<v Speaker 1>Tim We've talked about the gap alrighty today really down

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<v Speaker 1>as much as seventeen percent earlier today on a week's

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<v Speaker 1>sales outlook. Parts of that portfolio have been struggling for

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<v Speaker 1>a while, but until now, Old Navy had kind of

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<v Speaker 1>been the light that was carrying the rest of that portfolio.

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<v Speaker 1>Old Navy reported a bad earnings and so you saw

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<v Speaker 1>that stock kind of tumble despite the fact that some

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<v Speaker 1>of the other sectors, including GAP, were doing a bit

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<v Speaker 1>better during this reporting sector. So, I don't know if

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<v Speaker 1>you guys are weren Old Navy or GAP or Athletic? No, no, no,

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<v Speaker 1>I mean the GAP I thought would do pretty well

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<v Speaker 1>because of that collaboration with the celebrity designers, including Victoria Beckham,

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<v Speaker 1>which am currently sold out and did really well. Agreed,

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<v Speaker 1>there was something I wanted for a couple different drops,

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<v Speaker 1>and they were all done, so I was like, oh,

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<v Speaker 1>GAP will be doing great, but ironically yeah, oh maybe

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<v Speaker 1>apparently lagging and pulling the rest of it down.

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<v Speaker 4>Yeah, pretty interesting there.

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<v Speaker 5>I also really like Athleta, but I feel like I

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<v Speaker 5>might be alone in that because athleisure isn't hot anymore.

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<v Speaker 4>But anyway, terrible day for GAP.

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<v Speaker 5>Let's talk a little bit about what happened in fixed

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<v Speaker 5>income land in the treasury market, very quiet overall. As

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<v Speaker 5>you can see, we're talking about very, very slight declines

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<v Speaker 5>when it comes to the yield picture. When it comes

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<v Speaker 5>to thirty year yields, maybe moving up a hair but

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<v Speaker 5>I think I'm gonna go ahead and call that unchanged.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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