Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.
Speaker 3: Dell Technology Shares. Can you believe this today, guys?
Speaker 4: I literally cannot.
Speaker 3: Thirty three percent to the upside. The stock is up
Speaker 3: more than two hundred percent this year. That we know
Speaker 3: the story by now Shares Search, after the company gave
Speaker 3: an outlook for annual sales that far surpassed analyst estimates
Speaker 3: that demand for servers that power AI revenue in the
Speaker 3: fiscal year ending January of twenty twenty seven will be
Speaker 3: about one hundred and sixty seven billion dollars, including sixty
Speaker 3: billion from the sale of AI servers, That tops analysts
Speaker 3: average estimate of one hundred and forty two zero point
Speaker 3: one billion dollars. I also wanted to take a share
Speaker 3: a look at what shares of Micron did today. They
Speaker 3: rose in the session, up more than five percent. This
Speaker 3: after Susquehanna raised its price target to a street high
Speaker 3: view of one thy seven hundred and fifty dollars. That
Speaker 3: was from six hundred dollars. It's at nine hundred and
Speaker 3: seventy one dollars right now. So we were all talking
Speaker 3: about the the view of UBS earlier this week and
Speaker 3: that helped propel Micron to a trillion dollar market cap. Well,
Speaker 3: this takes out what had been that street high from
Speaker 3: earlier this week that was on Tuesday. Amazing and chares
Speaker 3: a Micron up more than five percent. Also another gainer
Speaker 3: in the S and P five hundred. This one I
Speaker 3: believe is the second best performer net app this rally
Speaker 3: today twenty two point four percent. The data storage provider
Speaker 3: reported its latest earnings. Analyst said the report is a
Speaker 3: strong print from the company, showing strong growth with upgrades
Speaker 3: to consensus expected.
Speaker 4: And I have great news.
Speaker 5: Actually we're going to be speaking to the CEO on
Speaker 5: the close at about four to twenty pm today, so
Speaker 5: wanting how that works.
Speaker 3: I just set you up perfectly for that.
Speaker 4: Incredible again, like we planned this.
Speaker 3: Yeah, amazing, We're so good. Yeah, all right, Christina, this
Speaker 3: is where you take away.
Speaker 4: Say, I feel so left out us.
Speaker 1: All right, I'm Debbie Downer today my job is decliners,
Speaker 1: and I want to start with one that was unexpected
Speaker 1: and that's Costco. You know, it's down, it's about four
Speaker 1: percent now. It was as much as five percent earlier.
Speaker 1: Today the company reported actually higher than expected earnings, but
Speaker 1: it wasn't enough apparently to impress investors. But hey, those
Speaker 1: investors could end up happy anyway soon because there's rumors
Speaker 1: of a potential special dividend coming in the coming months,
Speaker 1: So that, of course could spark a rally of those
Speaker 1: Costco stocks. So stand by and have faith Tim in
Speaker 1: that dollar fifty hot dog.
Speaker 3: I'm all about the peanut butter pretzels at.
Speaker 4: Costco, but you are all right.
Speaker 1: The other one I'm looking at is Eli. Lily has
Speaker 1: had a bit of a ride today. It's down as
Speaker 1: much as two percent at one point. This comes after
Speaker 1: this back and forth with CBS. You know, the drug
Speaker 1: giant and prescription plan giant provider was going to restrict
Speaker 1: access to Lily's obesity shot zep found, but Lily agreed
Speaker 1: to cut the prices it charges many of those health
Speaker 1: plans under the CVS umbrella, and that decision by CBS
Speaker 1: was reverse and again still uncertainty, that, combined with uncertainty
Speaker 1: over the Trump administration's import drug policy, seems to be
Speaker 1: putting the stock a bit on a back foot. It's
Speaker 1: especially problematic in light of this most Favored Nation status.
Speaker 1: It could complicate Eli Lilly's ability to do drug rollouts
Speaker 1: in places like Japan and elsewhere. And then finally we
Speaker 1: are falling into the gap. We are back to the gap.
Speaker 1: Tim We've talked about the gap alrighty today really down
Speaker 1: as much as seventeen percent earlier today on a week's
Speaker 1: sales outlook. Parts of that portfolio have been struggling for
Speaker 1: a while, but until now, Old Navy had kind of
Speaker 1: been the light that was carrying the rest of that portfolio.
Speaker 1: Old Navy reported a bad earnings and so you saw
Speaker 1: that stock kind of tumble despite the fact that some
Speaker 1: of the other sectors, including GAP, were doing a bit
Speaker 1: better during this reporting sector. So, I don't know if
Speaker 1: you guys are weren Old Navy or GAP or Athletic? No, no, no,
Speaker 1: I mean the GAP I thought would do pretty well
Speaker 1: because of that collaboration with the celebrity designers, including Victoria Beckham,
Speaker 1: which am currently sold out and did really well. Agreed,
Speaker 1: there was something I wanted for a couple different drops,
Speaker 1: and they were all done, so I was like, oh,
Speaker 1: GAP will be doing great, but ironically yeah, oh maybe
Speaker 1: apparently lagging and pulling the rest of it down.
Speaker 4: Yeah, pretty interesting there.
Speaker 5: I also really like Athleta, but I feel like I
Speaker 5: might be alone in that because athleisure isn't hot anymore.
Speaker 4: But anyway, terrible day for GAP.
Speaker 5: Let's talk a little bit about what happened in fixed
Speaker 5: income land in the treasury market, very quiet overall. As
Speaker 5: you can see, we're talking about very, very slight declines
Speaker 5: when it comes to the yield picture. When it comes
Speaker 5: to thirty year yields, maybe moving up a hair but
Speaker 5: I think I'm gonna go ahead and call that unchanged.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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