WEBVTT - Dell Gains, Intercontinental Exchange Rises, Dollar Tree Drops on Downgrade

0:00:02.520 --> 0:00:08.720
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

0:00:08.720 --> 0:00:12.560
<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

0:00:12.600 --> 0:00:15.880
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:16.640 --> 0:00:18.880
<v Speaker 1>We want to get some more stocks on the move today.

0:00:19.200 --> 0:00:21.639
<v Speaker 1>Let's bring in our own Denitza Takova to take a

0:00:21.640 --> 0:00:23.639
<v Speaker 1>look at some of the big movers. And the biggest

0:00:23.640 --> 0:00:26.079
<v Speaker 1>mover that we're going to start with here is Dell,

0:00:26.760 --> 0:00:27.200
<v Speaker 1>for sure.

0:00:27.480 --> 0:00:27.680
<v Speaker 2>Dell.

0:00:28.040 --> 0:00:30.440
<v Speaker 3>Obviously some of the earlier gains are fading, but still

0:00:30.480 --> 0:00:32.360
<v Speaker 3>the stock is up two percent today.

0:00:32.440 --> 0:00:34.200
<v Speaker 4>It was up as much as six percent today.

0:00:34.440 --> 0:00:36.960
<v Speaker 3>It's not only Dell moving higher on the news we

0:00:37.000 --> 0:00:41.159
<v Speaker 3>had it's super Microcomputer and HP as well getting a

0:00:41.159 --> 0:00:44.680
<v Speaker 3>boost out of this, despite more broadly stocks seeing some

0:00:44.800 --> 0:00:48.559
<v Speaker 3>exhaustion today. Of course, it comes off the news that

0:00:48.600 --> 0:00:52.320
<v Speaker 3>they'll roughly doubled this growth estimate. The company unveiled a

0:00:52.400 --> 0:00:55.960
<v Speaker 3>long term financial framework that cos for sales surize at

0:00:56.000 --> 0:00:59.280
<v Speaker 3>a pace of seven to nine percent annually for the

0:00:59.360 --> 0:01:04.479
<v Speaker 3>next four years. The new financial framework underscores deals bet on.

0:01:04.520 --> 0:01:07.479
<v Speaker 4>Its position as suppliers.

0:01:06.400 --> 0:01:10.000
<v Speaker 3>Of servers and the AI business has been crucial for

0:01:10.040 --> 0:01:13.080
<v Speaker 3>the growth we're seeing of the company. It has grown

0:01:13.160 --> 0:01:16.400
<v Speaker 3>to twenty billion in just two years, and you can

0:01:16.440 --> 0:01:18.520
<v Speaker 3>see that reflected in the stock. The stock is a

0:01:19.000 --> 0:01:22.760
<v Speaker 3>thirty percent year today, really strong and one of the

0:01:22.760 --> 0:01:27.360
<v Speaker 3>big beneficiarcy. Of course, the company has contracts with COREWVE

0:01:27.600 --> 0:01:32.080
<v Speaker 3>and ax Musk's XAI, so these are some of the

0:01:32.120 --> 0:01:37.240
<v Speaker 3>big partnership. Investors are potentially seeing some big potential going forward.

0:01:38.640 --> 0:01:46.200
<v Speaker 5>Intercontinental Exchange, yes crypto means traditional finance, and Intercontinential Exchange

0:01:46.319 --> 0:01:48.880
<v Speaker 5>plans to invest as much as two billion in cash

0:01:48.880 --> 0:01:49.600
<v Speaker 5>in poly Market.

0:01:49.960 --> 0:01:53.400
<v Speaker 3>That's quite a turnaround story for poly Market. Now it's

0:01:54.880 --> 0:01:58.560
<v Speaker 3>it's around eight billion in value. Of course, just a

0:01:58.600 --> 0:02:01.640
<v Speaker 3>few years back, things for very different. Poly Market was

0:02:01.760 --> 0:02:06.440
<v Speaker 3>kicked offshore by federal regulators. Kyleshy Polymarket, those companies got

0:02:06.640 --> 0:02:10.240
<v Speaker 3>a lot of popularity when it comes to betting on

0:02:10.360 --> 0:02:14.320
<v Speaker 3>election outcomes. But Polymarket is now back. It came after

0:02:15.400 --> 0:02:19.320
<v Speaker 3>it acquired a kind of little known derivative exchange code

0:02:19.800 --> 0:02:26.119
<v Speaker 3>qc X. Of course it has it has been favored

0:02:26.160 --> 0:02:29.919
<v Speaker 3>by regulation that's a lot more permissive to those bets.

0:02:29.919 --> 0:02:32.440
<v Speaker 4>But that's clearly a fast growing business.

0:02:32.440 --> 0:02:35.840
<v Speaker 3>We obviously saw Citadel yesterday hinting that potentially they have

0:02:35.919 --> 0:02:37.680
<v Speaker 3>some interest in that field in that.

0:02:37.639 --> 0:02:39.040
<v Speaker 4>Space, and it's growing very fast.

0:02:39.080 --> 0:02:42.160
<v Speaker 3>Then Intercontinental Exchange is getting a boost out of it.

0:02:42.160 --> 0:02:44.359
<v Speaker 3>It's up more than one percent today and the ticker

0:02:44.560 --> 0:02:46.480
<v Speaker 3>is ICE.

0:02:45.960 --> 0:02:48.880
<v Speaker 1>And AVE may very well be a sign of more

0:02:48.880 --> 0:02:51.800
<v Speaker 1>of these tie ups between traditional market players and the

0:02:51.800 --> 0:02:54.480
<v Speaker 1>crypto native ones. All right, final stock that you're keeping

0:02:54.480 --> 0:02:56.919
<v Speaker 1>an eye on is Dollar Tree. Door Tree is having

0:02:56.919 --> 0:02:59.280
<v Speaker 1>a rough day to day. The ticker is d LTR.

0:02:59.400 --> 0:03:02.680
<v Speaker 1>The stock is about two point five percent. It felt

0:03:02.680 --> 0:03:05.760
<v Speaker 1>even more in earlier training. It's coming off a downgrade

0:03:05.800 --> 0:03:08.960
<v Speaker 1>from Jeffries. Currently it's underperformed.

0:03:09.320 --> 0:03:11.679
<v Speaker 4>The price tie downgrade is actually pretty bad.

0:03:11.720 --> 0:03:15.840
<v Speaker 3>It's currently seventy doors from one hundred and ten. Price

0:03:15.880 --> 0:03:20.600
<v Speaker 3>stack's Walmart is involved in this. They're saying that doorstree

0:03:20.680 --> 0:03:24.560
<v Speaker 3>is long standing competitive advantage, which is like simple bargain

0:03:24.720 --> 0:03:27.760
<v Speaker 3>may have all but evaporated. Jeffries found that the shopping

0:03:27.800 --> 0:03:31.240
<v Speaker 3>bills at Walmart were lower than those a door Tree,

0:03:31.600 --> 0:03:34.120
<v Speaker 3>so we're seeing some pressure there. Obviously, consumer is not

0:03:34.160 --> 0:03:37.160
<v Speaker 3>necessarily doing so well. We're having some worries there inflation

0:03:37.760 --> 0:03:41.040
<v Speaker 3>and pressure on the consumer, and that's definitely.

0:03:40.600 --> 0:03:43.200
<v Speaker 4>Weighing on the stock. And it's not only that.

0:03:43.240 --> 0:03:46.600
<v Speaker 3>Actually door General is now five below is down today,

0:03:46.600 --> 0:03:49.440
<v Speaker 3>So a lot of pressure on those retailers today and

0:03:50.400 --> 0:03:53.400
<v Speaker 3>without too much economic data this week, but obviously we're

0:03:53.400 --> 0:03:55.960
<v Speaker 3>looking at all those consumer facing brands and the pressure

0:03:56.000 --> 0:03:56.520
<v Speaker 3>they're feeling.

0:03:57.800 --> 0:04:01.720
<v Speaker 2>The Stock Mover's report from blue Burg Radio. Check back

0:04:01.720 --> 0:04:03.960
<v Speaker 2>with us throughout the day for the latest roundup of

0:04:04.000 --> 0:04:07.280
<v Speaker 2>companies making news on Wall Street and for the latest

0:04:07.320 --> 0:04:11.520
<v Speaker 2>market moving headlines. Listen to Bloomberg Radio Live, catch us

0:04:11.560 --> 0:04:15.320
<v Speaker 2>on YouTube, Bloomberg dot com, and on Applecarplay and Android

0:04:15.320 --> 0:04:17.279
<v Speaker 2>Auto with the Bloomberg Business app.