Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data. Let's see what stocks
Speaker 1: are on the move this morning. I'm Lis Matteo, Emily Grafea.
Speaker 1: We're joined by.
Speaker 2: Bloomberg's Oh sorry, Blanadris, Bloomberg Cross Asset Reporter. Thank you
Speaker 2: so much for joining us. Thanks for having so where
Speaker 2: did you want to start? Let's start with Netflix. Take
Speaker 2: her NFLX shares our Laura about five percent today, even
Speaker 2: though last night the company reported second quarter results that
Speaker 2: exceeded inst investor expectations in just about every major metric,
Speaker 2: with the company saying revenue grew to eleven point one
Speaker 2: billion dollars and earnings jump to seven dollars and nineteen
Speaker 2: cents a share, and it also raised its forecast for
Speaker 2: full year sales and profit margins. And the company mentioned
Speaker 2: that there have been a couple of really big hits,
Speaker 2: including Ginny and Georgia and the final season of Squid Game.
Speaker 2: I watched the first season of Squid Game. I could
Speaker 2: not stomach the second season of squid Games, so I'm
Speaker 2: not one of the nice fans, but apparently these are
Speaker 2: quite popular. Do you watch a lot of Netflix or
Speaker 2: of course don't a lot of TV? Watcher? Oh, I
Speaker 2: watched TV? Yeah, okay, yeah, I'm into Apple, the Apple
Speaker 2: streaming Apple Apple Place only because I hope no one
Speaker 2: from Apple is listening. But I took my mother's in
Speaker 2: law's log in.
Speaker 1: All right, what other stocks are you looking at?
Speaker 2: We're also looking at Lululemon l U l U. Shares
Speaker 2: of Lula Lemon are also lower today following a note
Speaker 2: from an analyst that Jeffries, that said the company's facing
Speaker 2: slowing sales, fewer store visitors, waning demand for its iconic
Speaker 2: black leggings. I bought a bunch of Lula Lemon stuff
Speaker 2: pretty recently. I spent more money than I should have,
Speaker 2: so this was a surprise to me. But shares are
Speaker 2: lower following this note, which is which is really making
Speaker 2: its rounds.
Speaker 1: Yeah, that stock has been getting crushed year to.
Speaker 2: Date, down some forty percent through the Wednesday close.
Speaker 1: That's right.
Speaker 2: Yeah, okay, And your last stock, and the last one
Speaker 2: is three M taker of course is MMM, and those
Speaker 2: shares are slightly lower today as well. But the company
Speaker 2: did raise its profit forecasts and beat Wall Street's estimates
Speaker 2: for the second quarter, and its CEO he has this
Speaker 2: effort undergoing to reinvigorate the company and that seems to
Speaker 2: be gaining some momentum. So the company said adjusted earnings
Speaker 2: will be seven dollars seventy five cents to eight dollars
Speaker 2: a share this year, and that includes some of the
Speaker 2: expected impacts from tariffs, and that was up from a
Speaker 2: prior range that topped out at seven dollars and ninety cents,
Speaker 2: and analysts had been expecting seven dollars and seventy cents,
Speaker 2: so much better than expected results.
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