Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie.
Speaker 3: Good morning. We are seeing quite the move once again
Speaker 3: in Oracle shares. This stock has been on quite the
Speaker 3: run in the last few days.
Speaker 1: Good morning, Good morning, Nathan, and adding to it this morning,
Speaker 1: up another five percent in pre market trade, adding to
Speaker 1: its three percent rally yesterday. Now, this story is not
Speaker 1: about cloud earnings, but about a market expectation that Oracle
Speaker 1: will be a key beneficiary of a US controlled TikTok.
Speaker 1: CBS News reporting overnight that Oracle could be a key
Speaker 1: player and could be among the group of firms that
Speaker 1: will enable TikTok's operations in the US. But remember, Nathan,
Speaker 1: and there's still a lot of unknowns about this US
Speaker 1: China TikTok framework that was announced by Scott Bessant in
Speaker 1: Madrid yesterday. We are aware that President Trump and President
Speaker 1: she are going to be getting on the phone on
Speaker 1: Friday to confirm the framework and then perhaps he'll they'll
Speaker 1: tell the market what the framework actually is. But we
Speaker 1: don't actually really know if the end of TikTok is
Speaker 1: one of a US controlling the US division. But Oracle
Speaker 1: regardless of that, on suspicion that it will be a
Speaker 1: key beneficiary of a US controlled TikTok is rising five
Speaker 1: percent again.
Speaker 3: Also on the rise this morning shares of Hershey, and
Speaker 3: I've tried so hard to resist saying it's sweet news
Speaker 3: for the company, but well, there you go.
Speaker 1: I'll say it's sweet news for Hershey up two point
Speaker 1: four percent. Double upgrade from Goldman Sachs, citing improving market
Speaker 1: trends and the fact that costs pressures from tariffs and
Speaker 1: the rising price of Coco. Those are themes that are
Speaker 1: well understood and already in the price. Goldman says that
Speaker 1: they maintain a historically strong pricing power with iconic brands,
Speaker 1: and recent announcements on price increases are expected to drive
Speaker 1: outside earnings growth in the quarters to come.
Speaker 3: And we also got earnings from daven Busters. No fund
Speaker 3: for this stockfilm.
Speaker 1: Stock is down over seventeen percent in pre market trade.
Speaker 1: David Busters had a double earnings miss The adjusted EPs
Speaker 1: was less than half of that of expectations. They also
Speaker 1: missed on margins, citing lower operating profit at some of
Speaker 1: its flag at ships stores. They're dealing with less foot
Speaker 1: traffic and even when you get that foot traffic, less
Speaker 1: spending entailed. So David busters down over seventeen percent on
Speaker 1: the back of earnings.
Speaker 3: Well, there's ideas for something to do and maybe weekends
Speaker 3: to come. Tell me why webtune is on your radar.
Speaker 3: We don't talk about the stock very much at all.
Speaker 1: Really, this is a really interesting one. It's out comics.
Speaker 1: Disney has taken a two percent stake in webtoo now.
Speaker 1: Webtoon is a website platform to read comics. It's known
Speaker 1: for its vertical scrolling format, it's tailored for smartphones, and essentially,
Speaker 1: Disney wants to use the platform, which already has one
Speaker 1: hundred and fifty five million daily active users. They want
Speaker 1: to use webtoon in order to build an ambitious news
Speaker 1: service to house all of Disney's comics, which would be
Speaker 1: thirty five thousand comics in one place. Now. The investment
Speaker 1: from Disney the two percent state comes a month after
Speaker 1: the two companies have announced their intent to collaborate, but
Speaker 1: Webtoon shares are up forty four percent off the back
Speaker 1: of this investment from Disney. In pre market trade.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
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