1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:19,680 Speaker 1: harnessing the power of Bloomberg data. Let's see what stocks 4 00:00:19,680 --> 00:00:23,080 Speaker 1: are on the move this morning. I'm Lis Matteo, Emily Grafea. 5 00:00:23,120 --> 00:00:23,799 Speaker 1: We're joined by. 6 00:00:23,720 --> 00:00:31,560 Speaker 2: Bloomberg's Oh sorry, Blanadris, Bloomberg Cross Asset Reporter. Thank you 7 00:00:31,640 --> 00:00:33,720 Speaker 2: so much for joining us. Thanks for having so where 8 00:00:33,720 --> 00:00:36,200 Speaker 2: did you want to start? Let's start with Netflix. Take 9 00:00:36,240 --> 00:00:40,680 Speaker 2: her NFLX shares our Laura about five percent today, even 10 00:00:40,720 --> 00:00:43,360 Speaker 2: though last night the company reported second quarter results that 11 00:00:43,640 --> 00:00:48,800 Speaker 2: exceeded inst investor expectations in just about every major metric, 12 00:00:48,880 --> 00:00:51,720 Speaker 2: with the company saying revenue grew to eleven point one 13 00:00:51,760 --> 00:00:55,120 Speaker 2: billion dollars and earnings jump to seven dollars and nineteen 14 00:00:55,200 --> 00:00:57,840 Speaker 2: cents a share, and it also raised its forecast for 15 00:00:57,880 --> 00:01:01,440 Speaker 2: full year sales and profit margins. And the company mentioned 16 00:01:01,480 --> 00:01:04,200 Speaker 2: that there have been a couple of really big hits, 17 00:01:04,200 --> 00:01:07,720 Speaker 2: including Ginny and Georgia and the final season of Squid Game. 18 00:01:08,120 --> 00:01:10,200 Speaker 2: I watched the first season of Squid Game. I could 19 00:01:10,240 --> 00:01:12,520 Speaker 2: not stomach the second season of squid Games, so I'm 20 00:01:12,520 --> 00:01:15,600 Speaker 2: not one of the nice fans, but apparently these are 21 00:01:16,120 --> 00:01:19,600 Speaker 2: quite popular. Do you watch a lot of Netflix or 22 00:01:20,160 --> 00:01:23,240 Speaker 2: of course don't a lot of TV? Watcher? Oh, I 23 00:01:23,600 --> 00:01:28,520 Speaker 2: watched TV? Yeah, okay, yeah, I'm into Apple, the Apple 24 00:01:28,560 --> 00:01:32,440 Speaker 2: streaming Apple Apple Place only because I hope no one 25 00:01:32,440 --> 00:01:34,160 Speaker 2: from Apple is listening. But I took my mother's in 26 00:01:34,240 --> 00:01:35,400 Speaker 2: law's log in. 27 00:01:36,880 --> 00:01:38,399 Speaker 1: All right, what other stocks are you looking at? 28 00:01:38,720 --> 00:01:42,360 Speaker 2: We're also looking at Lululemon l U l U. Shares 29 00:01:42,400 --> 00:01:46,600 Speaker 2: of Lula Lemon are also lower today following a note 30 00:01:46,600 --> 00:01:50,120 Speaker 2: from an analyst that Jeffries, that said the company's facing 31 00:01:50,480 --> 00:01:54,880 Speaker 2: slowing sales, fewer store visitors, waning demand for its iconic 32 00:01:55,120 --> 00:01:58,720 Speaker 2: black leggings. I bought a bunch of Lula Lemon stuff 33 00:01:58,920 --> 00:02:01,800 Speaker 2: pretty recently. I spent more money than I should have, 34 00:02:01,880 --> 00:02:04,240 Speaker 2: so this was a surprise to me. But shares are 35 00:02:04,360 --> 00:02:07,400 Speaker 2: lower following this note, which is which is really making 36 00:02:07,440 --> 00:02:08,000 Speaker 2: its rounds. 37 00:02:08,160 --> 00:02:11,160 Speaker 1: Yeah, that stock has been getting crushed year to. 38 00:02:11,200 --> 00:02:15,920 Speaker 2: Date, down some forty percent through the Wednesday close. 39 00:02:16,000 --> 00:02:16,359 Speaker 1: That's right. 40 00:02:16,440 --> 00:02:18,840 Speaker 2: Yeah, okay, And your last stock, and the last one 41 00:02:18,919 --> 00:02:23,600 Speaker 2: is three M taker of course is MMM, and those 42 00:02:23,639 --> 00:02:26,400 Speaker 2: shares are slightly lower today as well. But the company 43 00:02:26,440 --> 00:02:30,240 Speaker 2: did raise its profit forecasts and beat Wall Street's estimates 44 00:02:30,240 --> 00:02:33,840 Speaker 2: for the second quarter, and its CEO he has this 45 00:02:34,080 --> 00:02:38,280 Speaker 2: effort undergoing to reinvigorate the company and that seems to 46 00:02:38,320 --> 00:02:41,760 Speaker 2: be gaining some momentum. So the company said adjusted earnings 47 00:02:41,800 --> 00:02:45,000 Speaker 2: will be seven dollars seventy five cents to eight dollars 48 00:02:45,040 --> 00:02:47,200 Speaker 2: a share this year, and that includes some of the 49 00:02:47,240 --> 00:02:50,880 Speaker 2: expected impacts from tariffs, and that was up from a 50 00:02:50,919 --> 00:02:54,240 Speaker 2: prior range that topped out at seven dollars and ninety cents, 51 00:02:54,560 --> 00:02:56,960 Speaker 2: and analysts had been expecting seven dollars and seventy cents, 52 00:02:57,000 --> 00:02:59,919 Speaker 2: so much better than expected results. 53 00:03:00,600 --> 00:03:04,960 Speaker 1: The Stockmovers podcast from Bloomberg Radio. Check back with us 54 00:03:05,000 --> 00:03:07,919 Speaker 1: throughout the day for the latest roundup of companies making 55 00:03:08,000 --> 00:03:11,560 Speaker 1: news on Wall Street and for the latest market moving headlines. 56 00:03:11,720 --> 00:03:15,640 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 57 00:03:15,680 --> 00:03:18,480 Speaker 1: dot com, and on Applecarplay and Android Auto with the 58 00:03:18,520 --> 00:03:19,880 Speaker 1: Bloomberg Business app.