1
00:00:02,520 --> 00:00:10,440
Speaker 1: Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast,

2
00:00:10,800 --> 00:00:14,080
Speaker 1: your roundup of companies making moves in the stock market,

3
00:00:14,240 --> 00:00:18,080
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look

4
00:00:18,079 --> 00:00:20,120
Speaker 1: at some stocks on the move today. I'm Nathan Hager,

5
00:00:20,239 --> 00:00:24,840
Speaker 1: joined by Bloomberg's Kritty Goupta. Lots of stocks to talk about. Critty,

6
00:00:24,880 --> 00:00:27,120
Speaker 1: including one of the newest in the S and P

7
00:00:27,400 --> 00:00:30,560
Speaker 1: five hundred, one of the biggest out performers in the

8
00:00:30,640 --> 00:00:32,080
Speaker 1: S and P five hundred.

9
00:00:32,080 --> 00:00:35,240
Speaker 2: Good morning, Good morning, Nathan. Absolutely, this is a company

10
00:00:35,320 --> 00:00:37,960
Speaker 2: we don't talk about a ton, but I'm betting that's

11
00:00:38,000 --> 00:00:41,280
Speaker 2: going to change in the near future. Data Dog is

12
00:00:41,320 --> 00:00:43,320
Speaker 2: getting a lot of attention this morning. It is joining

13
00:00:43,360 --> 00:00:46,200
Speaker 2: the S and P five hundred. As you said, ddog

14
00:00:46,479 --> 00:00:48,680
Speaker 2: is your ticker, trading just shy have one hundred and

15
00:00:48,680 --> 00:00:52,160
Speaker 2: forty eight dollars a share, hire about nine point four percent,

16
00:00:52,200 --> 00:00:54,320
Speaker 2: and that is actually at session lows, which means it

17
00:00:54,320 --> 00:00:58,680
Speaker 2: was much much higher earlier. It is replacing Juniper Networks,

18
00:00:59,040 --> 00:01:02,280
Speaker 2: which is trading a little bit lower this morning, naturally,

19
00:01:02,640 --> 00:01:04,480
Speaker 2: as you see that trade off. So it's going to

20
00:01:04,480 --> 00:01:08,240
Speaker 2: be interesting to really keep an eye on whether or

21
00:01:08,240 --> 00:01:10,680
Speaker 2: not Dad Dog actually continues its gains here. One of

22
00:01:10,720 --> 00:01:13,160
Speaker 2: the big pieces of this company has simply been the

23
00:01:13,160 --> 00:01:15,920
Speaker 2: fact that cybersecurity has been a very popular trade lately.

24
00:01:15,959 --> 00:01:18,480
Speaker 2: So you've seen this, for example, the likes a Palenteer

25
00:01:18,520 --> 00:01:22,000
Speaker 2: in Palo Alto Networks, among others. Fortnet is another that

26
00:01:22,040 --> 00:01:27,160
Speaker 2: have been on this massive kind of up up, wind upstreak.

27
00:01:27,240 --> 00:01:28,960
Speaker 2: There's a word there, sure rally, I think is the

28
00:01:28,959 --> 00:01:32,800
Speaker 2: word I'm looking for. It's been a week, Nathan, sure

29
00:01:33,120 --> 00:01:36,360
Speaker 2: words are challenging this morning, which works great for radio.

30
00:01:36,920 --> 00:01:39,640
Speaker 2: But nevertheless, Data Dog shares are higher by almost ten

31
00:01:39,680 --> 00:01:42,280
Speaker 2: percent this morning. Dd OG now it's going to be

32
00:01:42,319 --> 00:01:45,759
Speaker 2: replacing Juniper Networks effective prior to the opening of trading

33
00:01:45,800 --> 00:01:47,840
Speaker 2: on July night, so a lot of folks getting ahead

34
00:01:48,120 --> 00:01:50,360
Speaker 2: of that. There's a couple of others that we should

35
00:01:50,400 --> 00:01:53,160
Speaker 2: keep an eye on this morning. FedEx one of my

36
00:01:53,320 --> 00:01:55,880
Speaker 2: very favorite stocks to cover. It's such a bellweather of

37
00:01:55,920 --> 00:01:58,240
Speaker 2: the economy. There's always something happening at FedEx. They've been

38
00:01:58,280 --> 00:02:02,440
Speaker 2: restructuring for feels like a million years. FDx is your ticker,

39
00:02:02,520 --> 00:02:04,960
Speaker 2: hired by one point three percent, trading at two hundred

40
00:02:05,160 --> 00:02:08,720
Speaker 2: and forty two dollars a share, getting a massive stamp

41
00:02:08,720 --> 00:02:11,880
Speaker 2: of approval from BNP Perry, but X saying getting a

42
00:02:11,960 --> 00:02:14,880
Speaker 2: double upgrade. How often we get to say that, especially

43
00:02:14,880 --> 00:02:17,680
Speaker 2: for a shipping company, and especially for FedEx. They are

44
00:02:17,720 --> 00:02:20,959
Speaker 2: saying that the stock is quote arguably oversold. They're saying

45
00:02:21,000 --> 00:02:25,359
Speaker 2: the firm's relative out operational outperformance versus UPS is going

46
00:02:25,400 --> 00:02:27,760
Speaker 2: to continue. And remember, I'll just remind our our global

47
00:02:27,800 --> 00:02:32,560
Speaker 2: audience here that FedEx had that massive US post office contract.

48
00:02:32,800 --> 00:02:36,239
Speaker 2: UPS had the massive Amazon contract. They have both lost

49
00:02:36,240 --> 00:02:38,880
Speaker 2: both of them. Amazon Logistics is picking up quite a

50
00:02:38,880 --> 00:02:41,239
Speaker 2: bit as in terms of a shipping network. So FedEx

51
00:02:41,560 --> 00:02:45,519
Speaker 2: has been in the restructuring phase of their company's history

52
00:02:45,600 --> 00:02:47,920
Speaker 2: for way longer than UPSUPS is doing a little bit

53
00:02:47,960 --> 00:02:50,120
Speaker 2: of catching up. At least that's the consensus on Wall

54
00:02:50,160 --> 00:02:52,280
Speaker 2: Street this morning. It looks like BNP Perry but thought

55
00:02:52,320 --> 00:02:54,320
Speaker 2: it was enough to double upgrade at the stock. So

56
00:02:54,400 --> 00:02:56,960
Speaker 2: those shares are hired this morning to tune about one

57
00:02:57,000 --> 00:03:00,320
Speaker 2: point three percent. FDx is your ticker trading and two

58
00:03:00,440 --> 00:03:04,360
Speaker 2: hundred and forty two dollars a share. Let's talk about Synopsis,

59
00:03:04,360 --> 00:03:06,160
Speaker 2: which is again is another stock we don't talk about

60
00:03:06,200 --> 00:03:09,840
Speaker 2: very much, Nathan, but we need to SNPs is your ticker,

61
00:03:09,919 --> 00:03:12,400
Speaker 2: hired by six point three percent this morning, trading at

62
00:03:12,440 --> 00:03:15,320
Speaker 2: five hundred and fifty six dollars a share. They are

63
00:03:15,440 --> 00:03:19,240
Speaker 2: rising after the US lifted their export license requirements for

64
00:03:19,480 --> 00:03:22,720
Speaker 2: the chip Design Software company and for specifically for those

65
00:03:22,720 --> 00:03:26,960
Speaker 2: sales in China. It's a pretty big green light for

66
00:03:26,960 --> 00:03:29,040
Speaker 2: a lot of companies like Synopsis it has that massive

67
00:03:29,080 --> 00:03:32,800
Speaker 2: China exposure to actually start operating again into that region

68
00:03:33,160 --> 00:03:35,240
Speaker 2: and doing it in a way that is actually profitable.

69
00:03:35,360 --> 00:03:37,400
Speaker 2: So this is a really really big deal there. You

70
00:03:37,440 --> 00:03:39,440
Speaker 2: are seeing show up and likes of Synopsis, but also

71
00:03:39,480 --> 00:03:42,080
Speaker 2: the likes of Cadence Design, which is another company the

72
00:03:42,080 --> 00:03:45,320
Speaker 2: same space that has a lot of that Chinese exposure.

73
00:03:45,400 --> 00:03:48,560
Speaker 2: CDNs is your ticker there, trading at three hundred and

74
00:03:48,680 --> 00:03:50,880
Speaker 2: we'll call it thirty dollars a share, Hire by about

75
00:03:50,920 --> 00:03:53,800
Speaker 2: six percent this morning. Nathan, I want to just end

76
00:03:53,840 --> 00:03:56,600
Speaker 2: it very quickly by pointing out that if for international

77
00:03:56,600 --> 00:03:59,360
Speaker 2: investors who are looking at some of the structural issues

78
00:03:59,360 --> 00:04:01,240
Speaker 2: that are happening in the UK government right now, there

79
00:04:01,240 --> 00:04:03,720
Speaker 2: is an ETF for it that I think is encompassing

80
00:04:03,760 --> 00:04:07,160
Speaker 2: a lot of the feelings around concerns around the fiscal deficit,

81
00:04:07,160 --> 00:04:11,080
Speaker 2: et cetera. EWU is your tickers and I shares MSCI

82
00:04:11,680 --> 00:04:14,960
Speaker 2: UK focused ETF. I want to point this out. This

83
00:04:15,040 --> 00:04:16,920
Speaker 2: was down about one point three percent yesterday. There's a

84
00:04:16,920 --> 00:04:19,560
Speaker 2: lot going on on here in London on the UK side.

85
00:04:19,720 --> 00:04:21,040
Speaker 2: This is a stock on ETF.

86
00:04:21,080 --> 00:04:23,560
Speaker 1: I should say that you might want to watch the

87
00:04:23,680 --> 00:04:27,840
Speaker 1: Stock Movers podcast from Bloomberg Radio. Check back with us

88
00:04:27,839 --> 00:04:30,760
Speaker 1: throughout the day for the latest roundup of companies making

89
00:04:30,839 --> 00:04:34,440
Speaker 1: news on Wall Street and for the latest market moving headlines.

90
00:04:34,600 --> 00:04:38,520
Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

91
00:04:38,560 --> 00:04:41,359
Speaker 1: dot com, and on Applecarplay and Android Auto with the

92
00:04:41,400 --> 00:04:42,760
Speaker 1: Bloomberg Business app.