Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Time Now for a look at some stocks on the
Speaker 3: move today. Want to bring in Bloomberg's normal Linda for
Speaker 3: that synopsis. Boy, oh boys, that getting beaten up today.
Speaker 4: Oh it is a terrible brutal day for the company
Speaker 4: right now, let's take her SNPs. We're seeing shares that
Speaker 4: are seeing their worst day ever here, a down as
Speaker 4: much as thirty six percent. And of course we know
Speaker 4: this is a lot of involved within the trade concerns
Speaker 4: that we were seeing of course with tariffs and everything here,
Speaker 4: but potentially essentially with this company. The company warned that
Speaker 4: the US export restrictions are contributing to a slowdown in China,
Speaker 4: and we know, of course this is the largest market
Speaker 4: for semiconductors. This is not what Wallstreet wants to hear,
Speaker 4: of course, not with the company here wants the feel.
Speaker 4: So you are seeing Wall Street really, you know, taking
Speaker 4: a beating. This talk is taking a beating here as
Speaker 4: we're here in trading today. But I mean, if you
Speaker 4: look at the stock, it's not about eighteen percent year
Speaker 4: to date here.
Speaker 1: And we've seen, of course the indexes reach their highs
Speaker 1: and have pared some of their gains, certainly for the
Speaker 1: SMP and the NAZDAX. So let's stay with the downtrend
Speaker 1: and take a look at CHEWY because that's not seeing
Speaker 1: big losses too.
Speaker 4: Also seeing big losses down as much as seventeen percent
Speaker 4: in trading today. That's the biggest drop since March of
Speaker 4: twenty twenty two. And this is after another outlook that
Speaker 4: we're looking at here. They had a high expectations going
Speaker 4: into the report. Wall Street was really ambitious here and
Speaker 4: it seems as they failed to meet some of those
Speaker 4: high hopes here. RBC is potentially are they're pointing toward
Speaker 4: the idea that EBITA outlook was only maintained. They would
Speaker 4: have liked to see a little bit more strength there.
Speaker 4: But they're going to be paying attention to whether this
Speaker 4: is due to conservative conservatism or an inflection and costs
Speaker 4: or change in the pace of sponsored ads growth. So
Speaker 4: lots to watch there, But I do want to end
Speaker 4: in a name in the green despite the fact that
Speaker 4: I'm wearing red today. Let's take a look at you
Speaker 4: shares of Oracle. That's O RCL. Of course, this is
Speaker 4: the story that we can't stop talking about today. Really
Speaker 4: seeing some strong gains here, big strength up as much
Speaker 4: as forty one percent. It's just a stellar, historic day here.
Speaker 4: And of course we know that this is after the
Speaker 4: company gave an aggressive outlook for its cloud business in particular.
Speaker 4: This is really putting it in a place where it's
Speaker 4: able to really be cemented in the racist support the
Speaker 4: demand for a computing that we've been discussing so much
Speaker 4: this year, and it seems like Ellie Larry Ellison has
Speaker 4: pretty much told Musk to scoot over. He's now the
Speaker 4: richest man right now, surpassing Elon Musk. So great day here,
Speaker 4: for sure.
Speaker 1: Feel like it's like the new and Video. I know
Speaker 1: that they do different things, but it's like it's a
Speaker 1: new in video. It's like the new Darling Stock.
Speaker 4: Oh, I feel like Wall Street. You know, we love
Speaker 4: a hot name. Everyone loves to have this new, sparkly,
Speaker 4: shiny thing. And it does seem as though Oracle was
Speaker 4: definitely in the game when it comes to that.
Speaker 3: Larry Ellison, I knew you were going there because I
Speaker 3: can't get over it. What at least on paper, earning
Speaker 3: one hundred and one billion hours on one day.
Speaker 4: Insane, I mean shareholders. I'm sure they're happy right now.
Speaker 4: Very historic day. This is the biggest Interney game since
Speaker 4: nineteen ninety two and highest interny level ever.
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