WEBVTT - Weekly Roundup: Dell Rises, Walmart Slides, Intuit Plunged

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol Masser, a long with Tims Stank. Let's get

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<v Speaker 3>to some stocks on the move on this Friday for

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<v Speaker 3>the week overall, and with us, of course is Noram Melnda.

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<v Speaker 3>She of course covers the markets for Bloomberg Television. She

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<v Speaker 3>joins us in studio. Good to have you here. Interesting week,

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<v Speaker 3>a lot once again coming out investors. Del Technologies is

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<v Speaker 3>the name that you looked at for the week overall?

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<v Speaker 4>Oh yeah, today the stock surgey for a lot twenty

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<v Speaker 4>two percent over the past five days, seventeen percent of

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<v Speaker 4>that coming from today on Friday alone. So we do

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<v Speaker 4>know that Wells Fargo did boost the stock, their price

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<v Speaker 4>target on the stock to two hundred and seventy dollars

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<v Speaker 4>from one hundred and eighty, and so we did see

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<v Speaker 4>a lot of stocks rallying off of this HPE super

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<v Speaker 4>Micro all this on the idea of its boost to

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<v Speaker 4>AI infrastructure. They see a lot of demand from the

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<v Speaker 4>company in that space. We know that's been a buzzword

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<v Speaker 4>for quite some time. So certainly this is the biggest

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<v Speaker 4>gainer in the Sep five hundred today and the biggest

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<v Speaker 4>gainer on the week.

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<v Speaker 5>I'm just typing in Rich go into the Bloomberg terminal.

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<v Speaker 3>I like, how you do that?

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<v Speaker 5>Yeah?

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<v Speaker 1>Just seeing who how Michael Dell is doing his change

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<v Speaker 1>in net worth in one day, twelve and a half

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<v Speaker 1>billion dollars to the upside.

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<v Speaker 3>All on in a day's work.

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<v Speaker 1>Wow, that's a lot. Okay, one hundred and eighty seven

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<v Speaker 1>billion dollars. He's, according to the Bloomberg Billionaires in dex

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<v Speaker 1>the seventh wealthiest person in the world in fact now

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<v Speaker 1>ahead of Jensen Wong, who is at one seventy eight billion.

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<v Speaker 3>Next week, isn't it that we get earnings from.

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<v Speaker 5>The company exactly well Thursday.

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<v Speaker 3>Yeah, So it'll be interesting to see and certainly the

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<v Speaker 3>AI impact that we see in this company.

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<v Speaker 1>I was gonna say on Monday, Michael Dell sat down

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<v Speaker 1>with Jensen Wong and Ed Ludlow in Las Vegas. If

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<v Speaker 1>you missed that interview, you can check it out on

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<v Speaker 1>the term.

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<v Speaker 5>All right, so let's go.

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<v Speaker 3>To another name that was a big mover on the week.

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<v Speaker 3>We're talking about into.

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<v Speaker 4>It, Yes, so from the biggest gainer to the biggest

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<v Speaker 4>loser into it. Take her I Intu the worst performing

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<v Speaker 4>stock in the S and P five hundred this week,

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<v Speaker 4>shedding nineteen percent. This is after we got news that

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<v Speaker 4>the company was cutting about seventeen percent of its workforce,

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<v Speaker 4>planning to use that money toward, of course, what again,

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<v Speaker 4>artificial intelligence. So we've been seeing this from so many

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<v Speaker 4>different companies. They're trimming that headcount to invest in AI.

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<v Speaker 4>Stock down about fifty two percent year to date. They

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<v Speaker 4>also talked about turbo tax. The sales they're seeing a

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<v Speaker 4>bit of a slowdown. So it's really a company that's

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<v Speaker 4>been struggling this year, but it's not alone because a

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<v Speaker 4>lot of its peers, like Workday salesforce, also struggling this year.

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<v Speaker 1>I could totally see, Look, I don't know if you

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<v Speaker 1>can do this, but I could totally see the AI

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<v Speaker 1>application of doing taxes right, like.

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<v Speaker 5>Hey, I can't. Hey, squad helped me do my taxes? Okay?

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<v Speaker 5>Type and how much money you made blah blah blah.

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<v Speaker 3>I did this this thing? Is it deductible? You know

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<v Speaker 3>you're on my income?

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<v Speaker 5>Like I I just see if it's right. I agree

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<v Speaker 5>with you before you get out of it.

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<v Speaker 3>Well, you could, like you could fill out a form

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<v Speaker 3>of stuff that you would normally do with a different

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<v Speaker 3>right and just and it just figures it all out

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<v Speaker 3>for you. Yeah, it's yeah, there is some that seems

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<v Speaker 3>so right. We off to see see let's talk about Walmart.

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<v Speaker 4>Walmart this ticker WMT. The stock was down about eight

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<v Speaker 4>and a half percent so far this week the week

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<v Speaker 4>now ending. This of course, is due to the Iran

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<v Speaker 4>War pushing up fuel prices. They're saying that this is

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<v Speaker 4>not only weighing on the company itself, but also the

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<v Speaker 4>idea of consumers. More broadly. They've really been leaning into

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<v Speaker 4>having cheaper prices for a lot of their products and

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<v Speaker 4>what not to bring in consumers. But you also have

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<v Speaker 4>competitors like Kroger coming in trying to do the same.

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<v Speaker 4>So it's about whether or not they could actually last

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<v Speaker 4>absorbing all of the cost increases that are coming from

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<v Speaker 4>those fuel price hikes, or whether or not this is

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<v Speaker 4>actually going to eat into margins more broadly.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of come

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