WEBVTT - Datadog Jumps; FedEx Upgraded; Synopsys Gains

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<v Speaker 1>Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some stocks on the move today. I'm Nathan Hager,

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<v Speaker 1>joined by Bloomberg's Kritty Goupta. Lots of stocks to talk about. Critty,

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<v Speaker 1>including one of the newest in the S and P

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<v Speaker 1>five hundred, one of the biggest out performers in the

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<v Speaker 1>S and P five hundred.

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<v Speaker 2>Good morning, Good morning, Nathan. Absolutely, this is a company

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<v Speaker 2>we don't talk about a ton, but I'm betting that's

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<v Speaker 2>going to change in the near future. Data Dog is

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<v Speaker 2>getting a lot of attention this morning. It is joining

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<v Speaker 2>the S and P five hundred. As you said, ddog

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<v Speaker 2>is your ticker, trading just shy have one hundred and

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<v Speaker 2>forty eight dollars a share, hire about nine point four percent,

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<v Speaker 2>and that is actually at session lows, which means it

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<v Speaker 2>was much much higher earlier. It is replacing Juniper Networks,

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<v Speaker 2>which is trading a little bit lower this morning, naturally,

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<v Speaker 2>as you see that trade off. So it's going to

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<v Speaker 2>be interesting to really keep an eye on whether or

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<v Speaker 2>not Dad Dog actually continues its gains here. One of

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<v Speaker 2>the big pieces of this company has simply been the

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<v Speaker 2>fact that cybersecurity has been a very popular trade lately.

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<v Speaker 2>So you've seen this, for example, the likes a Palenteer

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<v Speaker 2>in Palo Alto Networks, among others. Fortnet is another that

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<v Speaker 2>have been on this massive kind of up up, wind upstreak.

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<v Speaker 2>There's a word there, sure rally, I think is the

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<v Speaker 2>word I'm looking for. It's been a week, Nathan, sure

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<v Speaker 2>words are challenging this morning, which works great for radio.

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<v Speaker 2>But nevertheless, Data Dog shares are higher by almost ten

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<v Speaker 2>percent this morning. Dd OG now it's going to be

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<v Speaker 2>replacing Juniper Networks effective prior to the opening of trading

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<v Speaker 2>on July night, so a lot of folks getting ahead

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<v Speaker 2>of that. There's a couple of others that we should

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<v Speaker 2>keep an eye on this morning. FedEx one of my

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<v Speaker 2>very favorite stocks to cover. It's such a bellweather of

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<v Speaker 2>the economy. There's always something happening at FedEx. They've been

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<v Speaker 2>restructuring for feels like a million years. FDx is your ticker,

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<v Speaker 2>hired by one point three percent, trading at two hundred

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<v Speaker 2>and forty two dollars a share, getting a massive stamp

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<v Speaker 2>of approval from BNP Perry, but X saying getting a

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<v Speaker 2>double upgrade. How often we get to say that, especially

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<v Speaker 2>for a shipping company, and especially for FedEx. They are

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<v Speaker 2>saying that the stock is quote arguably oversold. They're saying

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<v Speaker 2>the firm's relative out operational outperformance versus UPS is going

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<v Speaker 2>to continue. And remember, I'll just remind our our global

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<v Speaker 2>audience here that FedEx had that massive US post office contract.

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<v Speaker 2>UPS had the massive Amazon contract. They have both lost

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<v Speaker 2>both of them. Amazon Logistics is picking up quite a

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<v Speaker 2>bit as in terms of a shipping network. So FedEx

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<v Speaker 2>has been in the restructuring phase of their company's history

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<v Speaker 2>for way longer than UPSUPS is doing a little bit

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<v Speaker 2>of catching up. At least that's the consensus on Wall

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<v Speaker 2>Street this morning. It looks like BNP Perry but thought

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<v Speaker 2>it was enough to double upgrade at the stock. So

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<v Speaker 2>those shares are hired this morning to tune about one

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<v Speaker 2>point three percent. FDx is your ticker trading and two

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<v Speaker 2>hundred and forty two dollars a share. Let's talk about Synopsis,

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<v Speaker 2>which is again is another stock we don't talk about

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<v Speaker 2>very much, Nathan, but we need to SNPs is your ticker,

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<v Speaker 2>hired by six point three percent this morning, trading at

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<v Speaker 2>five hundred and fifty six dollars a share. They are

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<v Speaker 2>rising after the US lifted their export license requirements for

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<v Speaker 2>the chip Design Software company and for specifically for those

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<v Speaker 2>sales in China. It's a pretty big green light for

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<v Speaker 2>a lot of companies like Synopsis it has that massive

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<v Speaker 2>China exposure to actually start operating again into that region

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<v Speaker 2>and doing it in a way that is actually profitable.

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<v Speaker 2>So this is a really really big deal there. You

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<v Speaker 2>are seeing show up and likes of Synopsis, but also

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<v Speaker 2>the likes of Cadence Design, which is another company the

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<v Speaker 2>same space that has a lot of that Chinese exposure.

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<v Speaker 2>CDNs is your ticker there, trading at three hundred and

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<v Speaker 2>we'll call it thirty dollars a share, Hire by about

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<v Speaker 2>six percent this morning. Nathan, I want to just end

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<v Speaker 2>it very quickly by pointing out that if for international

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<v Speaker 2>investors who are looking at some of the structural issues

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<v Speaker 2>that are happening in the UK government right now, there

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<v Speaker 2>is an ETF for it that I think is encompassing

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<v Speaker 2>a lot of the feelings around concerns around the fiscal deficit,

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<v Speaker 2>et cetera. EWU is your tickers and I shares MSCI

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<v Speaker 2>UK focused ETF. I want to point this out. This

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<v Speaker 2>was down about one point three percent yesterday. There's a

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<v Speaker 2>lot going on on here in London on the UK side.

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<v Speaker 2>This is a stock on ETF.

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<v Speaker 1>I should say that you might want to watch the

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<v Speaker 1>Stock Movers podcast from Bloomberg Radio. Check back with us

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