WEBVTT - Synopsys Drops, Chewy Slides, Oracle Gains on Bullish Outlook

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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>Time Now for a look at some stocks on the

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<v Speaker 3>move today. Want to bring in Bloomberg's normal Linda for

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<v Speaker 3>that synopsis. Boy, oh boys, that getting beaten up today.

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<v Speaker 4>Oh it is a terrible brutal day for the company

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<v Speaker 4>right now, let's take her SNPs. We're seeing shares that

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<v Speaker 4>are seeing their worst day ever here, a down as

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<v Speaker 4>much as thirty six percent. And of course we know

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<v Speaker 4>this is a lot of involved within the trade concerns

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<v Speaker 4>that we were seeing of course with tariffs and everything here,

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<v Speaker 4>but potentially essentially with this company. The company warned that

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<v Speaker 4>the US export restrictions are contributing to a slowdown in China,

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<v Speaker 4>and we know, of course this is the largest market

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<v Speaker 4>for semiconductors. This is not what Wallstreet wants to hear,

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<v Speaker 4>of course, not with the company here wants the feel.

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<v Speaker 4>So you are seeing Wall Street really, you know, taking

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<v Speaker 4>a beating. This talk is taking a beating here as

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<v Speaker 4>we're here in trading today. But I mean, if you

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<v Speaker 4>look at the stock, it's not about eighteen percent year

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<v Speaker 4>to date here.

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<v Speaker 1>And we've seen, of course the indexes reach their highs

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<v Speaker 1>and have pared some of their gains, certainly for the

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<v Speaker 1>SMP and the NAZDAX. So let's stay with the downtrend

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<v Speaker 1>and take a look at CHEWY because that's not seeing

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<v Speaker 1>big losses too.

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<v Speaker 4>Also seeing big losses down as much as seventeen percent

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<v Speaker 4>in trading today. That's the biggest drop since March of

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<v Speaker 4>twenty twenty two. And this is after another outlook that

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<v Speaker 4>we're looking at here. They had a high expectations going

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<v Speaker 4>into the report. Wall Street was really ambitious here and

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<v Speaker 4>it seems as they failed to meet some of those

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<v Speaker 4>high hopes here. RBC is potentially are they're pointing toward

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<v Speaker 4>the idea that EBITA outlook was only maintained. They would

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<v Speaker 4>have liked to see a little bit more strength there.

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<v Speaker 4>But they're going to be paying attention to whether this

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<v Speaker 4>is due to conservative conservatism or an inflection and costs

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<v Speaker 4>or change in the pace of sponsored ads growth. So

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<v Speaker 4>lots to watch there, But I do want to end

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<v Speaker 4>in a name in the green despite the fact that

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<v Speaker 4>I'm wearing red today. Let's take a look at you

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<v Speaker 4>shares of Oracle. That's O RCL. Of course, this is

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<v Speaker 4>the story that we can't stop talking about today. Really

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<v Speaker 4>seeing some strong gains here, big strength up as much

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<v Speaker 4>as forty one percent. It's just a stellar, historic day here.

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<v Speaker 4>And of course we know that this is after the

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<v Speaker 4>company gave an aggressive outlook for its cloud business in particular.

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<v Speaker 4>This is really putting it in a place where it's

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<v Speaker 4>able to really be cemented in the racist support the

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<v Speaker 4>demand for a computing that we've been discussing so much

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<v Speaker 4>this year, and it seems like Ellie Larry Ellison has

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<v Speaker 4>pretty much told Musk to scoot over. He's now the

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<v Speaker 4>richest man right now, surpassing Elon Musk. So great day here,

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<v Speaker 4>for sure.

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<v Speaker 1>Feel like it's like the new and Video. I know

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<v Speaker 1>that they do different things, but it's like it's a

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<v Speaker 1>new in video. It's like the new Darling Stock.

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<v Speaker 4>Oh, I feel like Wall Street. You know, we love

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<v Speaker 4>a hot name. Everyone loves to have this new, sparkly,

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<v Speaker 4>shiny thing. And it does seem as though Oracle was

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<v Speaker 4>definitely in the game when it comes to that.

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<v Speaker 3>Larry Ellison, I knew you were going there because I

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<v Speaker 3>can't get over it. What at least on paper, earning

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<v Speaker 3>one hundred and one billion hours on one day.

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<v Speaker 4>Insane, I mean shareholders. I'm sure they're happy right now.

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<v Speaker 4>Very historic day. This is the biggest Interney game since

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<v Speaker 4>nineteen ninety two and highest interny level ever.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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