Speaker 1: Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some stocks on the move today. I'm Nathan Hager,
Speaker 1: joined by Bloomberg's Kritty Goupta. Lots of stocks to talk about. Critty,
Speaker 1: including one of the newest in the S and P
Speaker 1: five hundred, one of the biggest out performers in the
Speaker 1: S and P five hundred.
Speaker 2: Good morning, Good morning, Nathan. Absolutely, this is a company
Speaker 2: we don't talk about a ton, but I'm betting that's
Speaker 2: going to change in the near future. Data Dog is
Speaker 2: getting a lot of attention this morning. It is joining
Speaker 2: the S and P five hundred. As you said, ddog
Speaker 2: is your ticker, trading just shy have one hundred and
Speaker 2: forty eight dollars a share, hire about nine point four percent,
Speaker 2: and that is actually at session lows, which means it
Speaker 2: was much much higher earlier. It is replacing Juniper Networks,
Speaker 2: which is trading a little bit lower this morning, naturally,
Speaker 2: as you see that trade off. So it's going to
Speaker 2: be interesting to really keep an eye on whether or
Speaker 2: not Dad Dog actually continues its gains here. One of
Speaker 2: the big pieces of this company has simply been the
Speaker 2: fact that cybersecurity has been a very popular trade lately.
Speaker 2: So you've seen this, for example, the likes a Palenteer
Speaker 2: in Palo Alto Networks, among others. Fortnet is another that
Speaker 2: have been on this massive kind of up up, wind upstreak.
Speaker 2: There's a word there, sure rally, I think is the
Speaker 2: word I'm looking for. It's been a week, Nathan, sure
Speaker 2: words are challenging this morning, which works great for radio.
Speaker 2: But nevertheless, Data Dog shares are higher by almost ten
Speaker 2: percent this morning. Dd OG now it's going to be
Speaker 2: replacing Juniper Networks effective prior to the opening of trading
Speaker 2: on July night, so a lot of folks getting ahead
Speaker 2: of that. There's a couple of others that we should
Speaker 2: keep an eye on this morning. FedEx one of my
Speaker 2: very favorite stocks to cover. It's such a bellweather of
Speaker 2: the economy. There's always something happening at FedEx. They've been
Speaker 2: restructuring for feels like a million years. FDx is your ticker,
Speaker 2: hired by one point three percent, trading at two hundred
Speaker 2: and forty two dollars a share, getting a massive stamp
Speaker 2: of approval from BNP Perry, but X saying getting a
Speaker 2: double upgrade. How often we get to say that, especially
Speaker 2: for a shipping company, and especially for FedEx. They are
Speaker 2: saying that the stock is quote arguably oversold. They're saying
Speaker 2: the firm's relative out operational outperformance versus UPS is going
Speaker 2: to continue. And remember, I'll just remind our our global
Speaker 2: audience here that FedEx had that massive US post office contract.
Speaker 2: UPS had the massive Amazon contract. They have both lost
Speaker 2: both of them. Amazon Logistics is picking up quite a
Speaker 2: bit as in terms of a shipping network. So FedEx
Speaker 2: has been in the restructuring phase of their company's history
Speaker 2: for way longer than UPSUPS is doing a little bit
Speaker 2: of catching up. At least that's the consensus on Wall
Speaker 2: Street this morning. It looks like BNP Perry but thought
Speaker 2: it was enough to double upgrade at the stock. So
Speaker 2: those shares are hired this morning to tune about one
Speaker 2: point three percent. FDx is your ticker trading and two
Speaker 2: hundred and forty two dollars a share. Let's talk about Synopsis,
Speaker 2: which is again is another stock we don't talk about
Speaker 2: very much, Nathan, but we need to SNPs is your ticker,
Speaker 2: hired by six point three percent this morning, trading at
Speaker 2: five hundred and fifty six dollars a share. They are
Speaker 2: rising after the US lifted their export license requirements for
Speaker 2: the chip Design Software company and for specifically for those
Speaker 2: sales in China. It's a pretty big green light for
Speaker 2: a lot of companies like Synopsis it has that massive
Speaker 2: China exposure to actually start operating again into that region
Speaker 2: and doing it in a way that is actually profitable.
Speaker 2: So this is a really really big deal there. You
Speaker 2: are seeing show up and likes of Synopsis, but also
Speaker 2: the likes of Cadence Design, which is another company the
Speaker 2: same space that has a lot of that Chinese exposure.
Speaker 2: CDNs is your ticker there, trading at three hundred and
Speaker 2: we'll call it thirty dollars a share, Hire by about
Speaker 2: six percent this morning. Nathan, I want to just end
Speaker 2: it very quickly by pointing out that if for international
Speaker 2: investors who are looking at some of the structural issues
Speaker 2: that are happening in the UK government right now, there
Speaker 2: is an ETF for it that I think is encompassing
Speaker 2: a lot of the feelings around concerns around the fiscal deficit,
Speaker 2: et cetera. EWU is your tickers and I shares MSCI
Speaker 2: UK focused ETF. I want to point this out. This
Speaker 2: was down about one point three percent yesterday. There's a
Speaker 2: lot going on on here in London on the UK side.
Speaker 2: This is a stock on ETF.
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