1 00:00:00,120 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,279 Speaker 2: with Carol Masser, Tim Stenebeck, Romain, Bostik, and Scarlett Foo. 5 00:00:22,360 --> 00:00:24,919 Speaker 3: A pretty broad based move when it comes to stocks 6 00:00:24,920 --> 00:00:26,800 Speaker 3: within the S and P five hundred, three hundred and 7 00:00:26,840 --> 00:00:29,720 Speaker 3: forty three stocks gained they were to the upside today. 8 00:00:29,720 --> 00:00:31,320 Speaker 3: In the S and P one hundred and fifty eight 9 00:00:31,360 --> 00:00:32,040 Speaker 3: stocks lower. 10 00:00:32,120 --> 00:00:33,879 Speaker 4: All right, Let's take a look at the IMAP. The 11 00:00:33,960 --> 00:00:36,040 Speaker 4: eleven sectors in the S and P five hundred. A 12 00:00:36,080 --> 00:00:39,000 Speaker 4: lot of green there, led by energy, which is up 13 00:00:39,000 --> 00:00:41,400 Speaker 4: by more than one percent. Tech was the second best performer, 14 00:00:41,440 --> 00:00:44,479 Speaker 4: gaining half of one percent, followed by reeds and consumer staples. 15 00:00:44,760 --> 00:00:47,239 Speaker 4: The sectors that finished in the red, they're finished pretty much, 16 00:00:47,240 --> 00:00:50,160 Speaker 4: little change, Industrials, healthcare, and communication services. 17 00:00:50,400 --> 00:00:52,159 Speaker 3: All right, Well, let's go to some of the stocks 18 00:00:52,200 --> 00:00:54,560 Speaker 3: that were in the green today. Carol I mentioned Mango 19 00:00:54,760 --> 00:00:57,920 Speaker 3: dB shares just soaring today, actually the most ever going 20 00:00:58,000 --> 00:01:00,680 Speaker 3: back to its IPO in twenty seventeen. The company did 21 00:01:00,680 --> 00:01:03,600 Speaker 3: report second quarter results that came in much stronger than expected. 22 00:01:03,920 --> 00:01:06,080 Speaker 3: To the upside remain of thirty eight percent. I think 23 00:01:06,120 --> 00:01:07,160 Speaker 3: we got some earnings coming through. 24 00:01:07,240 --> 00:01:09,880 Speaker 1: Yeah, let's just walk through these really quickly. Here five below, 25 00:01:09,920 --> 00:01:12,280 Speaker 1: the retailer out with earnings that beat on the bottom 26 00:01:12,360 --> 00:01:15,160 Speaker 1: line EPs in the quarter seventy seven cents. The street 27 00:01:15,200 --> 00:01:17,880 Speaker 1: was looking for fifty five comp sales of twelve point 28 00:01:17,880 --> 00:01:21,000 Speaker 1: four percent. The street was looking for nine point one percent. 29 00:01:21,000 --> 00:01:23,520 Speaker 1: In your guidance here for the full year, the company 30 00:01:23,520 --> 00:01:25,720 Speaker 1: says that it sees netcin income in a range of 31 00:01:25,720 --> 00:01:28,040 Speaker 1: two hundred and fifty three to two seventy five and 32 00:01:28,080 --> 00:01:32,320 Speaker 1: on the sales of basis, it's looking at net sales 33 00:01:32,360 --> 00:01:34,280 Speaker 1: a four point four to four billion to four point 34 00:01:34,520 --> 00:01:36,960 Speaker 1: five to two. The numbers don't matter here, basically, a 35 00:01:37,040 --> 00:01:38,680 Speaker 1: beaten a raise four or five below. 36 00:01:38,720 --> 00:01:40,240 Speaker 4: All right, let's take a look at net app, one 37 00:01:40,280 --> 00:01:43,440 Speaker 4: of the other highly anticipated tech companies hardware companies in 38 00:01:43,480 --> 00:01:46,319 Speaker 4: this case, and its results first quarter net revenue meeting 39 00:01:46,440 --> 00:01:49,280 Speaker 4: estimates of one point five six billion dollars, and it 40 00:01:49,360 --> 00:01:51,560 Speaker 4: still sees full your net revenue at six point six 41 00:01:51,600 --> 00:01:53,840 Speaker 4: three billion to six point eight eight billion, So it 42 00:01:53,880 --> 00:01:57,720 Speaker 4: sounds like it is holding it's maintaining it's full your forecast. 43 00:01:57,760 --> 00:02:01,000 Speaker 4: Here the stock at least in the initial reaction, is 44 00:02:01,040 --> 00:02:03,440 Speaker 4: down about four and a half percent in after hours 45 00:02:03,440 --> 00:02:05,200 Speaker 4: trading in Caroline. I'm not sure that this is a 46 00:02:05,200 --> 00:02:07,440 Speaker 4: company that gives us much of a read into some 47 00:02:07,520 --> 00:02:11,240 Speaker 4: of the bigger, trendier parts of the tech ecosystem, where 48 00:02:11,320 --> 00:02:12,000 Speaker 4: it certainly. 49 00:02:11,720 --> 00:02:13,359 Speaker 5: Hasn't caught a bit over the course of the year, 50 00:02:13,440 --> 00:02:15,920 Speaker 5: with down about three percent so far year to date 51 00:02:16,000 --> 00:02:18,359 Speaker 5: when you think about comparing it to the thirty five 52 00:02:18,400 --> 00:02:21,600 Speaker 5: percent that Invidia has climbed. But this is still about database, 53 00:02:21,639 --> 00:02:24,000 Speaker 5: this is still about managing your data. 54 00:02:23,720 --> 00:02:26,959 Speaker 3: And it's one to watch, the company's CEO, George Currion, 55 00:02:27,080 --> 00:02:30,560 Speaker 3: saying in a statement that by helping customers modernize with 56 00:02:30,720 --> 00:02:33,359 Speaker 3: cutting edge and cyber resilient storage solutions, they've taken the 57 00:02:33,440 --> 00:02:36,160 Speaker 3: lead position in the all flash market. He says he's 58 00:02:36,200 --> 00:02:39,680 Speaker 3: confident in the company's ability to capitalize on this momentum 59 00:02:39,760 --> 00:02:42,959 Speaker 3: and deliver sustainable long term growth. Shares in the after 60 00:02:43,040 --> 00:02:46,760 Speaker 3: hours down by about six percent. All right, let's take 61 00:02:46,760 --> 00:02:48,760 Speaker 3: a look at some of the other gainers on the radar, 62 00:02:48,800 --> 00:02:52,080 Speaker 3: as we do expect other companies to report earnings in 63 00:02:52,320 --> 00:02:55,520 Speaker 3: just a few minutes. Reminder to everybody, we're expecting CrowdStrike, Snowflake, 64 00:02:55,880 --> 00:02:58,720 Speaker 3: Urban Outfitters, Eahpink, and then of course the Big One 65 00:02:58,840 --> 00:03:03,640 Speaker 3: and video Gainer Hired. Today, Cole's shares just surging after 66 00:03:03,639 --> 00:03:07,040 Speaker 3: the company offered a more optimistic full year sales outlook. 67 00:03:07,200 --> 00:03:10,600 Speaker 3: Expects comp sales to fall no more than five percent 68 00:03:10,680 --> 00:03:13,920 Speaker 3: this year, shares to the upside today of twenty four percent. 69 00:03:14,280 --> 00:03:17,480 Speaker 3: The company did see strong performance from back to school categories. 70 00:03:17,880 --> 00:03:21,640 Speaker 3: Its latest results suggest that recent moves, for example, focusing 71 00:03:21,680 --> 00:03:25,919 Speaker 3: on fine jewelry improving women's wear are helping win back consumers. 72 00:03:26,480 --> 00:03:29,959 Speaker 3: And finally, here's a statement from the company. We thank 73 00:03:30,000 --> 00:03:33,320 Speaker 3: our guests for sharing your voices and love for cracker barrel. 74 00:03:33,880 --> 00:03:36,560 Speaker 3: We said we would listen, and we have. Our new 75 00:03:36,640 --> 00:03:39,880 Speaker 3: logo is going away and the old timer. 76 00:03:40,360 --> 00:03:42,440 Speaker 4: Will remain the guy leaning on the barrel. 77 00:03:42,520 --> 00:03:44,480 Speaker 3: Right. I guess he has a name. I didn't know 78 00:03:44,520 --> 00:03:46,120 Speaker 3: this old timer. 79 00:03:46,520 --> 00:03:48,680 Speaker 1: Oh okay, that seems kind of on them. 80 00:03:48,720 --> 00:03:49,760 Speaker 3: It's a little really right. 81 00:03:50,040 --> 00:03:50,880 Speaker 1: Yeah, okay, so. 82 00:03:50,960 --> 00:03:54,520 Speaker 3: Well, investors cheering this. It's up eight percent today. What 83 00:03:54,520 --> 00:03:55,200 Speaker 3: else is there to say? 84 00:03:55,240 --> 00:03:56,320 Speaker 1: A great national nightmares? O. 85 00:03:56,760 --> 00:03:59,320 Speaker 3: Yeah, just until the next just until the next one 86 00:03:59,360 --> 00:04:02,200 Speaker 3: starts through man, now, yeah, all right, what do you 87 00:04:02,200 --> 00:04:02,720 Speaker 3: guy as well? 88 00:04:02,840 --> 00:04:05,400 Speaker 6: Slim pickings for me with thoughts in the red, but 89 00:04:05,480 --> 00:04:07,920 Speaker 6: let's start with Jim Smucker. Shares are down by four 90 00:04:07,960 --> 00:04:10,560 Speaker 6: and a half percent. This comes after the company's first 91 00:04:10,640 --> 00:04:13,560 Speaker 6: quarter ad just that EPs and volume decline more than expected. 92 00:04:13,760 --> 00:04:17,520 Speaker 6: Net sales also underwhelmed. Up next to Abercrombie and Fitch, 93 00:04:17,839 --> 00:04:20,240 Speaker 6: shares are down by just five tens one percent. The 94 00:04:20,240 --> 00:04:23,120 Speaker 6: company boosted their annual guidance, but the midpoint of their 95 00:04:23,160 --> 00:04:27,120 Speaker 6: EPs and net sales range slightly trailed estimates. So it's namesake. 96 00:04:27,160 --> 00:04:30,560 Speaker 6: Abercrombie Banner missed on sales, but Hollister beat I must 97 00:04:30,560 --> 00:04:33,479 Speaker 6: say that Abercrombie has really gotten great. My friends and 98 00:04:33,520 --> 00:04:37,080 Speaker 6: I now shop there. Lastly, as Fortune Brands FBI and 99 00:04:37,240 --> 00:04:40,159 Speaker 6: is the ticker, shares are down after Truest Securities downgraded 100 00:04:40,160 --> 00:04:42,760 Speaker 6: the stock to hold. So Fortune Brands is a home 101 00:04:42,800 --> 00:04:45,839 Speaker 6: and security products company. True Is said that fundamentals have 102 00:04:45,839 --> 00:04:48,599 Speaker 6: seen more pressure than to be expected, partially due to 103 00:04:48,680 --> 00:04:49,640 Speaker 6: dramatic declines. 104 00:04:50,000 --> 00:04:52,000 Speaker 1: All right, and we keep an eye on yields here. 105 00:04:52,040 --> 00:04:54,560 Speaker 1: The yeld curve continues. It's steepening, though we did see 106 00:04:54,600 --> 00:04:57,760 Speaker 1: a yield to drop across the curve mostly on the 107 00:04:57,800 --> 00:05:01,279 Speaker 1: low end down six bases points four year two year yield, 108 00:05:01,400 --> 00:05:04,000 Speaker 1: and on your thirty year yield only down about one 109 00:05:04,040 --> 00:05:04,600 Speaker 1: basis point. 110 00:05:04,640 --> 00:05:04,839 Speaker 6: Scar. 111 00:05:05,080 --> 00:05:08,800 Speaker 4: Okay, we have earnings out from hp Inc. The ticker HPQ, 112 00:05:09,279 --> 00:05:11,360 Speaker 4: and we could tell you for third quarter adjusted EPs 113 00:05:11,400 --> 00:05:14,320 Speaker 4: seventy five cents, beating the consensus estimate by one penny. 114 00:05:14,880 --> 00:05:18,520 Speaker 4: Adjusted operating margins seven point one percent, slightly below what 115 00:05:18,560 --> 00:05:21,840 Speaker 4: analysts we're looking for. In terms of the forecast, the 116 00:05:21,839 --> 00:05:24,880 Speaker 4: company sees fourth quarter adjusted EPs of eighty seven cents 117 00:05:24,920 --> 00:05:28,080 Speaker 4: to ninety seven cents. Analysts we're looking for on average 118 00:05:28,360 --> 00:05:31,000 Speaker 4: ninety one cents, So the higher end of that range 119 00:05:31,000 --> 00:05:34,920 Speaker 4: certainly above the consensus estimate, and that is perhaps what 120 00:05:35,000 --> 00:05:37,560 Speaker 4: investors are reacting to there. With the stock up about 121 00:05:37,600 --> 00:05:39,279 Speaker 4: six point four percent after our was trading. 122 00:05:39,320 --> 00:05:42,560 Speaker 3: Another stock up in the after hours is Snowflake share 123 00:05:42,600 --> 00:05:46,239 Speaker 3: surging by about eight percent as we speak right now. 124 00:05:46,480 --> 00:05:49,480 Speaker 3: The company out with results saying that second quarter adjusted 125 00:05:49,520 --> 00:05:52,840 Speaker 3: diluted EPs coming above estimates at thirty five cent, second 126 00:05:52,920 --> 00:05:57,280 Speaker 3: quarter revenue at one dollar and fourteen one point one 127 00:05:57,360 --> 00:05:59,480 Speaker 3: four billion dollars that beat estimates of one point h 128 00:05:59,600 --> 00:06:02,840 Speaker 3: nine billion. As far as that outlook goes the company 129 00:06:02,839 --> 00:06:06,320 Speaker 3: sees fiscally your adjusted operating margin at nine percent. They 130 00:06:06,360 --> 00:06:09,400 Speaker 3: saw eight percent. Third quarter product revenue at one point 131 00:06:09,400 --> 00:06:12,160 Speaker 3: one three billion. The estimate was for one point one 132 00:06:12,240 --> 00:06:15,800 Speaker 3: two billion. Snowflake sees fiscally your product revenue at four 133 00:06:15,839 --> 00:06:18,680 Speaker 3: point four billion, SAFT four point three to three billion. 134 00:06:18,960 --> 00:06:21,120 Speaker 3: The estimate was for four point three to four billion. 135 00:06:21,120 --> 00:06:24,080 Speaker 3: Once again, shares in the after hours hire it now 136 00:06:24,080 --> 00:06:25,360 Speaker 3: by just about ten percent. 137 00:06:26,600 --> 00:06:30,640 Speaker 2: The Stock Movers report from Bloomberg Radio. 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