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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Karl Masser along Tim Stanevik. Let's get to some

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Speaker 3: of the stocks in the move today. Bloomberg News Earnings.

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Speaker 4: Reporter Red Brown.

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Speaker 3: This is his really busy time here at Bloomberg. He's

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Speaker 3: got some stocks on the move.

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Speaker 4: Dear Horton, the home builders were on fire today.

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Speaker 5: Yeah, they were on fire today and is because of

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Speaker 5: Deal Horton's earnings today. Actually, the ticker on this one's DHI.

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Speaker 5: The company was up around seventeen percent. That's its best

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Speaker 5: one day move since I'm looking at it now, and

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Speaker 5: it looks like since twenty twenty, so since five years

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Speaker 5: prior to this, the stock have been down around six

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Speaker 5: percent through the close yesterday. So this is really kind

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Speaker 5: of reversed fortuns for this company, and it's it's dragging

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Speaker 5: a lot of its peers up as well. So the

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Speaker 5: company actually increased the top end of its range for

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Speaker 5: its sales target and mostly maintain and it's targeted for

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Speaker 5: how many houses are to close this year, So really

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Speaker 5: positive report, especially kind of considering just you know, everyone's

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Speaker 5: been watching the housing market. It's being quite soft this year.

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Speaker 5: You know, it's it's soft because mortgage rates are elevated,

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Speaker 5: home prices are elevated as well. So the company now

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Speaker 5: is trying to make some effort to make some homes

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Speaker 5: more affordable and start to stimulate demand through some incentives

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Speaker 5: things like that.

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Speaker 3: How come dear Horton and not Paulty because it's faulty.

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Speaker 5: I think they hate report tomorrow, I believe, and d

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Speaker 5: R Horton is a little bit bigger as well, so

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Speaker 5: I think for our lovely listeners.

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Speaker 1: There, Oh they were up to they were so everyone

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Speaker 1: in sympathy, as Red said, yeah.

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Speaker 4: So it was Paulty and Lenar also we're up. They

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Speaker 4: should be.

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Speaker 5: Reporting quite quite soon here, I think in the next

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Speaker 5: couple of days. So we'll see if we get kind

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Speaker 5: of a similar result, or maybe DR Hortons is kind

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Speaker 5: of a one off here, because they all do kind

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Speaker 5: of dabble in different ends of the market, Like I

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Speaker 5: think Leonar, if my memory is serving as a little bit.

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Speaker 3: More high Closey came out with earnings too today, did

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Speaker 3: they look Yeah, you're stressing me out because I talked

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Speaker 3: about them in my Gainers and I'm like, shoot, did

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Speaker 3: I read this wrong?

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Speaker 5: Right?

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Speaker 4: Six thirty this morning?

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Speaker 1: I don't know, Carol.

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Speaker 4: Second quarter just to DPS, looks like they did. How

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Speaker 4: do they do?

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Speaker 5: They did well as they also beat revenue BTDPS, so.

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Speaker 4: Stock was up eleven percent today. There we go.

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Speaker 5: Sorry, so it seems like I mean home dress across

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Speaker 5: the board, then, I guess would be the conclusion.

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Speaker 3: You know, Tim and I have talked about it's kind

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Speaker 3: of wacky world right now, bizarre world.

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Speaker 4: Yeah, so they did report, right, Yeah, they did? Okay,

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Speaker 4: my mistake.

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Speaker 3: No no, no, no, no, I'm all of a sudden

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Speaker 3: thinking I talked about it in my Gainers.

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Speaker 4: I'm like, hey, both the reported earnings, and I'm let's

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Speaker 4: talk about Zen.

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Speaker 3: Yeah.

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Speaker 1: I want to talk about Zen because time I walked

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Speaker 1: by Carol's desk, she's just grabbing one of these Zin

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Speaker 1: pouches and she's like, Tim, you got to try this

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Speaker 1: Zen stuff.

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Speaker 4: That is so not true. Anyone who knows me so

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Speaker 4: not true. Well, it's interesting that it's not true.

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Speaker 5: Man, It seems like everyone is.

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Speaker 4: Actually it's a joke. It's not true at all.

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Speaker 1: But talk about Zen a little bit, and.

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Speaker 4: That's how she gets her edge.

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Speaker 5: Yes, sodadeen pouches, Yes, they are nicotine pouches there. I'm

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Speaker 5: sure many people are familiar with them, increasingly so. But

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Speaker 5: Philip Morris, the who sells these these in pouches that

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Speaker 5: you're seeing everywhere, actually fell around eight point four percent

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Speaker 5: after their shipments of Zin pouches in the US missed expectations.

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Speaker 4: Shares have done really well this year.

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Speaker 5: They're up nearly forty percent, and that puts it around

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Speaker 5: the twenty fifth best performer in the S and P

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Speaker 5: five hundred last time I checked. So and that actually

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Speaker 5: largely is due to the strength of their Zen business

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Speaker 5: so far. It still grew forty two percent last last quarter,

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Speaker 5: so it's been up around forty percent each of the

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Speaker 5: last three quarters.

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Speaker 4: The Zin pouches here, I'm just telling you it is

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Speaker 4: a temple, is it?

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Speaker 1: Is it because they're competitors now to Zen?

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Speaker 5: I think so because if you remember, Zin had those

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Speaker 5: manufacturing issues, right, so they weren't able to it. It

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Speaker 5: was late last year or the for a period last

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Speaker 5: year they had some manufacturing issues, so they weren't able

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Speaker 5: to get to kind of meet the demand, and I

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Speaker 5: think that probably did open up a little bit of

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Speaker 5: a window for you know, you see all these like

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Speaker 5: knockoffs and they all look kind of the same. But

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Speaker 5: I think, you know, for something like this, I don't

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Speaker 5: know how like you know, people had their cigarettes right,

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Speaker 5: like you would smoke whatever it was, right. I don't

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Speaker 5: know if the sort of like loyalty is the same.

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Speaker 5: If it's like, you know, I'll just grab whatever's available

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Speaker 5: to Tim.

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Speaker 3: Are you loyal? Do you have a certain zin pouch?

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Speaker 3: I would never I know, it would never be for Tim.

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Speaker 3: I could, yeah that I would, you know, end of

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Speaker 3: the world.

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Speaker 1: As Red said in our own Bloomberg News team reporting,

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Speaker 1: the company was dogged by manufacturing problems last year. Capacity

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Speaker 1: constraints caused in shortages that have now eased. It announced

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Speaker 1: investments in new facilities and said restocking was completed in

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Speaker 1: the first half of the impact on sales was slightly

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Speaker 1: less than expected.

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Speaker 4: All Right, So we.

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Speaker 3: Had Dr Horton ticker d H. I right, we had

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Speaker 3: Philip Morris m O. And now we're going to go

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Speaker 3: to nc Northrop Grumman.

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Speaker 5: Right north of Grumman. Yeah, I mean this one was

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Speaker 5: interesting to me today just because of the kind of

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Speaker 5: contrasting fortunes and defense. We also had Lockeed also reporting

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Speaker 5: earnings today and they fell around eleven percent. Northrop the

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Speaker 5: ticker on that one was nc and they were up

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Speaker 5: by around ten percent. They actually hit an all time

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Speaker 5: high in the process as one of their stays in

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Speaker 5: the last two or three years, so, you know, bringing

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Speaker 5: total returns up to twenty percent. So still doing really strong.

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Speaker 5: They raise their full year outlook. And that's despite kind

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Speaker 5: of some of the pressures that the Trump administration is

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Speaker 5: putting on the kind of the defense industry overall, kind

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Speaker 5: of trying to rein in some procurement, trying to make

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Speaker 5: the whole industry a little bit more competitive. It's a

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Speaker 5: very opaque process to kind of actually get a contract.

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Speaker 5: But it seems like Northrop is still benefiting from a

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Speaker 5: couple of the programs that they have already. They have

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Speaker 5: a ballistic missiles program, they have a bomber program, and

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Speaker 5: those do seem to be kind of making healthy returns.

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Speaker 5: And the big thing, the big number for all this

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Speaker 5: group is the backlog. The backlog grew eight percent last quarter.

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Speaker 5: It's nearly ninety billion dollars now, so that's that's you know,

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Speaker 5: quite a healthy book of business for the company to to,

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Speaker 5: you know, kind of on the back of just governments

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Speaker 5: across the world prioritizing defensive.

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Speaker 3: Spends some nice visibility right Definitely, sim By the way,

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Speaker 3: Northrop Grumban's about twenty year.

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