Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Mover's Report,
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 Tom Keen
Speaker 1: with Paul Sweeney and Bloomberg's Alexis Christophers.
Speaker 2: Let's start with Oracle, because it is down more than
Speaker 2: nine percent here pre market. Let's remember, though, the stock
Speaker 2: is up thirty five percent in just the past three months.
Speaker 2: So Oracle, after yesterday's closing bell out with a really
Speaker 2: solid quarterly earnings report, a strong AI growth. But what
Speaker 2: Wall Street's fixating on, and we see this with a
Speaker 2: lot of companies, is what's it going to be spending on?
Speaker 2: What are its capital expenses going forward? It plans to
Speaker 2: spend seventy billion dollars. That is much more than Wall
Speaker 2: Street was expecting. And you know, it's a database software company,
Speaker 2: but it's been refashioning itself as this provider of computing
Speaker 2: power for artificial intelligence work. So it's in barking on
Speaker 2: this massive build out of data centers for really it's
Speaker 2: the most important customer, which is open AI. And so
Speaker 2: we've got shares of Oracle under pressure today, Like I said,
Speaker 2: down more than nine percent.
Speaker 1: Give us another stock to save the moment.
Speaker 2: I'm all for it, all right, Let's go to Hugo
Speaker 2: Boss and throw a little fashion into our morning. So
Speaker 2: this stock is up nine percent. Fraser's Group of England,
Speaker 2: it's a British based company, of course, looking to buy
Speaker 2: the rest of Hugo Boss it doesn't already own for
Speaker 2: two point three billion dollars. This is cump Fraser, of course,
Speaker 2: back by billionaire Mike Ashley. They already own about twenty
Speaker 2: six percent of Hugo Boss. But Boss has been going
Speaker 2: through it. You know, they've been hit by software demand
Speaker 2: in China because they have those high end suits, you know,
Speaker 2: high end threads, persistent weakness, and women's wear because they're
Speaker 2: not just a men's wear company. Fraser owns sports Direct already.
Speaker 2: They want to add Hugo Boss to the portfolio. They
Speaker 2: made an all cash bid for the German label, and
Speaker 2: Bloomberg Intelligence is saying, you know, at a four percent premium,
Speaker 2: they're not so sure shareholders are going to go for it,
Speaker 2: but that there's nobody else really waiting in the wings
Speaker 2: and something needs to happen for Hugo Boston.
Speaker 1: Where is Julian Wilson today. That's a KPMG and about
Speaker 1: a roll up in all this fashion stuff, and she said, yeah,
Speaker 1: that's sort of the tendency.
Speaker 2: The other it's getting smaller, you know, the industry is
Speaker 2: getting smaller. One my trips over to London for Bloomberg,
Speaker 2: I've got to pack the dress shoes. That's a problem.
Speaker 2: Hugo Boss store in our building opened up early.
Speaker 1: I got my shoes.
Speaker 2: Since then, I've been a huge fan of full service.
Speaker 1: Yes, I love it.
Speaker 2: Let's stick with fashion and go stitch Fix, the online
Speaker 2: personal styling service up one point three percent. It looks
Speaker 2: like the turnaround started by their CEO, Matt Bear a
Speaker 2: couple of years ago is finally taking hold. They have
Speaker 2: reversed to client and clients. They're revamping their personal shopping features,
Speaker 2: improving the consumer experience. They're posting year over year revenue
Speaker 2: growth quarter over quarter. Active client growth still down year
Speaker 2: over year. By the way, on active client growth, some
Speaker 2: of the newest ways for clients to shop and engage
Speaker 2: a of course, it's using AI powered style visualization tools.
Speaker 2: I don't know what that means, but it sounds awfully fancy,
Speaker 2: and things like that are bringing people back, you know,
Speaker 2: highly customized shopping experiences, bringing people's back to stitch.
Speaker 1: Fix this stock Moover's report from Bloomberg Radio. Check back
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Speaker 1: companies making news on Wall Street and for the latest
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