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. So
Speaker 2: tak a look at some of the stocks on the
Speaker 2: most today.
Speaker 1: We can do that with Bloomberg's avalon pronel avline.
Speaker 3: What are you looking at?
Speaker 1: We have to start off with super micro Computers. That
Speaker 1: is tiker SMCI currently thinking about twelve percent. That's after
Speaker 1: the computer hardware maker said it's planning about seven billion
Speaker 1: dollars in equity and equity linked financing transactions to fund
Speaker 1: component purchases to meet demand for its AI servers. The
Speaker 1: street is fairly split, to say the least, about what
Speaker 1: to think about this, Bernstein analysts saying that this is
Speaker 1: by far the highest equity raise in company history and
Speaker 1: also implies a whopping twenty seven percent dilution, whereas Webush
Speaker 1: analysts view the order momentum as positive but believe that
Speaker 1: obviously the exact financial implications will be known later, especially
Speaker 1: they'll be dependent on margins of the business. Still, the
Speaker 1: move making that company one of the worst performers on
Speaker 1: the S and P five hundred this morning.
Speaker 3: Next up, you looking at Chewy and I like this
Speaker 3: line from the company that they're seeing a quote modest
Speaker 3: level of incremental pressure on premiuization and product detached rates.
Speaker 3: What God's name does.
Speaker 1: Emi, Yes, let's tick Chwi.
Speaker 3: Dogs aren't eating their little Chewy toys anymore.
Speaker 1: Well, the pet owners aren't really buying those special oh
Speaker 1: okay toys anymore. So it's falling about one point three
Speaker 1: percent now. And as you mentioned, they did offer more
Speaker 1: cautious commentary. To be fair, though this is not the
Speaker 1: first that we've heard. Zoetis pet Co also offered really
Speaker 1: cautious commentary earlier in the earning season, saying that the
Speaker 1: health of pet owners isn't that great right now, noting
Speaker 1: that Americans are really raining in their spending on their
Speaker 1: pets and even not really getting dogs as often as
Speaker 1: they were previously, City writing that wild Chewy continues to outperform,
Speaker 1: it remains behold into a pet category that's performance continues
Speaker 1: to remain weaker this year.
Speaker 3: I'm still on the fence whether or not to get
Speaker 3: a dog. Same like kids want one. My kids they're
Speaker 3: in their twenties. Yes, it's like but it's like having
Speaker 3: another kid. It really is I can't go through that right.
Speaker 2: Yeah, no, uh crack of out.
Speaker 1: Yes, that's ticker CBRL currently jumping about thirty percent earlier today,
Speaker 1: touching a most inter day on record, and that's have
Speaker 1: to have a restaurant chain boosted its full year outlook
Speaker 1: on the back of a better than expected third quarter
Speaker 1: results and continues to see a lot of recovery in
Speaker 1: customer traffic Benchmark, writing that the results also showed improvements
Speaker 1: in the average check noting that the company is discounting
Speaker 1: less and that customers are still buying those mules. However,
Speaker 1: what I found really interesting is actually the short interest
Speaker 1: on the company, which is incredibly high, currently about twenty
Speaker 1: seven percent afloat according to S three Partners Data.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
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