1 00:00:01,160 --> 00:00:05,080 Speaker 1: The Stock Mover's Report, your roundup of companies making moves 2 00:00:05,120 --> 00:00:08,520 Speaker 1: in the stock market. Harnessing the power of Bloomberg Data. 3 00:00:09,480 --> 00:00:11,520 Speaker 1: Let's take a look at some stocks on the move today. 4 00:00:11,560 --> 00:00:14,600 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritty Gupta. 5 00:00:14,720 --> 00:00:18,000 Speaker 2: Winding down earning season, a lot of stocks moving off 6 00:00:18,040 --> 00:00:20,920 Speaker 2: the back of earnings. Critty, good morning, Good morning, Nathan. 7 00:00:20,920 --> 00:00:22,799 Speaker 2: We'll start off with the biggest one to the upside. 8 00:00:22,840 --> 00:00:26,000 Speaker 2: Autodesk is wowing Wall Street in a very big way 9 00:00:26,000 --> 00:00:29,920 Speaker 2: this morning. Adsk is your ticker, trading at about three 10 00:00:30,000 --> 00:00:33,519 Speaker 2: hundred and seventeen dollars a share, hired by a whopping 11 00:00:33,760 --> 00:00:36,360 Speaker 2: ten percent. This is a massive movement a company that 12 00:00:36,360 --> 00:00:39,239 Speaker 2: definitely doesn't move by this kind of margin as much. 13 00:00:39,280 --> 00:00:42,400 Speaker 2: They're coming out on a very strong earnings report, raising 14 00:00:42,440 --> 00:00:45,600 Speaker 2: their guidance. Wall Street calling it one of the best 15 00:00:45,640 --> 00:00:48,320 Speaker 2: beats in years at least has to take out of 16 00:00:48,560 --> 00:00:50,640 Speaker 2: city when it comes to their revenue and billing, so 17 00:00:50,760 --> 00:00:53,360 Speaker 2: quite the stamp of approval. We should also mention that 18 00:00:53,400 --> 00:00:57,840 Speaker 2: they're getting a massive wave of price target upgrades across 19 00:00:58,000 --> 00:00:59,920 Speaker 2: price target boots. I should say it's a red word 20 00:01:00,360 --> 00:01:02,520 Speaker 2: across Wall Street. So for example, let me just name 21 00:01:02,560 --> 00:01:08,000 Speaker 2: a couple of banks out of up that price target, Wells, Fargo, Ubs, Stifel, Piper, Sandler, 22 00:01:08,200 --> 00:01:10,720 Speaker 2: Key Bank. That's just five banks who off the back 23 00:01:10,720 --> 00:01:13,840 Speaker 2: of these earnings reports, have boosted the share price or 24 00:01:13,840 --> 00:01:16,200 Speaker 2: their expected price target anyway. So you can see just 25 00:01:16,240 --> 00:01:19,800 Speaker 2: how big of a deal this is. Autodesk adsk hire 26 00:01:19,920 --> 00:01:23,360 Speaker 2: by almost ten percent in the pre market. So that's 27 00:01:23,400 --> 00:01:25,000 Speaker 2: your best mover to the episode. Let's talk about your 28 00:01:25,000 --> 00:01:29,679 Speaker 2: biggest movers to the downside. Dell is not wowing Investorsdell 29 00:01:30,400 --> 00:01:32,600 Speaker 2: seeing quite a bit of volume the old guard of 30 00:01:32,680 --> 00:01:35,040 Speaker 2: Tech of the Tech tray trading about one hundred and 31 00:01:35,040 --> 00:01:37,680 Speaker 2: twenty five dollars a shares this morning, down about six 32 00:01:37,760 --> 00:01:40,760 Speaker 2: point four percent. Now for Dell, these numbers are a 33 00:01:40,800 --> 00:01:43,400 Speaker 2: little bit of a double whammy, and let me just 34 00:01:43,480 --> 00:01:45,520 Speaker 2: kind of explain this one because on the one hand, 35 00:01:45,800 --> 00:01:50,000 Speaker 2: they're talking about an AI server backlog that's dropping, So 36 00:01:50,040 --> 00:01:53,840 Speaker 2: not such a great number there in terms of their earnings, 37 00:01:53,840 --> 00:01:56,600 Speaker 2: even though I should mention they beat their estimates, they 38 00:01:56,680 --> 00:01:59,920 Speaker 2: raise their revenue forecast, but the backlog seem to come 39 00:02:00,040 --> 00:02:02,080 Speaker 2: down a little bit. They're also talking about a margin miss, 40 00:02:02,080 --> 00:02:05,280 Speaker 2: so seeing a little bit of margin compression on these numbers. 41 00:02:05,960 --> 00:02:07,840 Speaker 2: You're looking at some of the analysts commentary, they're saying 42 00:02:07,880 --> 00:02:10,919 Speaker 2: there was a lot of sensitivity to that backlog miss 43 00:02:10,960 --> 00:02:14,520 Speaker 2: there's concern about some sort of client attrition there. So 44 00:02:14,600 --> 00:02:17,840 Speaker 2: d Ell is one of your downside movers this morning. 45 00:02:17,919 --> 00:02:20,480 Speaker 2: It is also next to Caterpillar, which is a down 46 00:02:20,880 --> 00:02:22,560 Speaker 2: this morning as well. This is, of course, the global 47 00:02:22,600 --> 00:02:26,400 Speaker 2: construction equipment Bell Weather trading lower by about three percent. 48 00:02:26,520 --> 00:02:30,360 Speaker 2: CAT trading at four hundred and twenty one dollars a share. 49 00:02:30,440 --> 00:02:33,080 Speaker 2: This is a tariff story through and through Nathan down 50 00:02:33,120 --> 00:02:36,440 Speaker 2: about one point eight billion at least on terms of 51 00:02:36,480 --> 00:02:39,320 Speaker 2: the tariff headwind when it comes to their margin, that 52 00:02:39,400 --> 00:02:42,400 Speaker 2: is bigger than expected and bigger than they had forecasted. 53 00:02:42,480 --> 00:02:45,200 Speaker 2: So Wall Street really punishing the stock this morning. Like 54 00:02:45,240 --> 00:02:49,160 Speaker 2: I said, down about three percent. CAT is your ticker. 55 00:02:49,440 --> 00:02:51,359 Speaker 2: I'm going to throw in one last one because I'm 56 00:02:51,360 --> 00:02:54,680 Speaker 2: a dog lover and if you're not cover your ears. 57 00:02:56,080 --> 00:02:58,080 Speaker 2: Pedco is the company want to keep an eye on 58 00:02:58,120 --> 00:03:02,919 Speaker 2: this morning. Woof is ticker shares higher, third quarter guidance 59 00:03:03,000 --> 00:03:05,440 Speaker 2: beeed a brighter twenty twenty six outlook. It looks like 60 00:03:05,440 --> 00:03:08,120 Speaker 2: twenty twenty six is the goodyear for the dogs, at 61 00:03:08,160 --> 00:03:10,400 Speaker 2: least according to this earnings report. This is the stock 62 00:03:10,440 --> 00:03:12,760 Speaker 2: that's trading just shy four dollars a share, which might 63 00:03:12,800 --> 00:03:15,000 Speaker 2: explain why the move is so big, trading Hire by 64 00:03:15,400 --> 00:03:17,239 Speaker 2: almost eighteen percent this morning. 65 00:03:17,480 --> 00:03:23,400 Speaker 1: Woof, woof Fatha this stock movers report from Bloomberg Radio. 66 00:03:23,880 --> 00:03:26,040 Speaker 1: Check back with us throughout the day for the latest 67 00:03:26,120 --> 00:03:29,280 Speaker 1: roundup of companies making news on Wall Street and for 68 00:03:29,400 --> 00:03:33,320 Speaker 1: the latest market moving headlines. Listen to Bloomberg Radio Live, 69 00:03:33,720 --> 00:03:37,320 Speaker 1: catch us on YouTube, Bloomberg dot com, and on Applecarplay 70 00:03:37,360 --> 00:03:39,960 Speaker 1: and Android Auto with the Bloomberg Business app.