WEBVTT - Netflix Lower, Lululemon Falls, 3M Climbs After Jeffries Note 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data. Let's see what stocks

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<v Speaker 1>are on the move this morning. I'm Lis Matteo, Emily Grafea.

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<v Speaker 1>We're joined by.

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<v Speaker 2>Bloomberg's Oh sorry, Blanadris, Bloomberg Cross Asset Reporter. Thank you

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<v Speaker 2>so much for joining us. Thanks for having so where

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<v Speaker 2>did you want to start? Let's start with Netflix. Take

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<v Speaker 2>her NFLX shares our Laura about five percent today, even

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<v Speaker 2>though last night the company reported second quarter results that

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<v Speaker 2>exceeded inst investor expectations in just about every major metric,

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<v Speaker 2>with the company saying revenue grew to eleven point one

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<v Speaker 2>billion dollars and earnings jump to seven dollars and nineteen

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<v Speaker 2>cents a share, and it also raised its forecast for

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<v Speaker 2>full year sales and profit margins. And the company mentioned

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<v Speaker 2>that there have been a couple of really big hits,

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<v Speaker 2>including Ginny and Georgia and the final season of Squid Game.

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<v Speaker 2>I watched the first season of Squid Game. I could

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<v Speaker 2>not stomach the second season of squid Games, so I'm

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<v Speaker 2>not one of the nice fans, but apparently these are

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<v Speaker 2>quite popular. Do you watch a lot of Netflix or

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<v Speaker 2>of course don't a lot of TV? Watcher? Oh, I

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<v Speaker 2>watched TV? Yeah, okay, yeah, I'm into Apple, the Apple

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<v Speaker 2>streaming Apple Apple Place only because I hope no one

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<v Speaker 2>from Apple is listening. But I took my mother's in

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<v Speaker 2>law's log in.

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<v Speaker 1>All right, what other stocks are you looking at?

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<v Speaker 2>We're also looking at Lululemon l U l U. Shares

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<v Speaker 2>of Lula Lemon are also lower today following a note

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<v Speaker 2>from an analyst that Jeffries, that said the company's facing

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<v Speaker 2>slowing sales, fewer store visitors, waning demand for its iconic

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<v Speaker 2>black leggings. I bought a bunch of Lula Lemon stuff

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<v Speaker 2>pretty recently. I spent more money than I should have,

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<v Speaker 2>so this was a surprise to me. But shares are

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<v Speaker 2>lower following this note, which is which is really making

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<v Speaker 2>its rounds.

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<v Speaker 1>Yeah, that stock has been getting crushed year to.

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<v Speaker 2>Date, down some forty percent through the Wednesday close.

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<v Speaker 1>That's right.

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<v Speaker 2>Yeah, okay, And your last stock, and the last one

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<v Speaker 2>is three M taker of course is MMM, and those

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<v Speaker 2>shares are slightly lower today as well. But the company

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<v Speaker 2>did raise its profit forecasts and beat Wall Street's estimates

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<v Speaker 2>for the second quarter, and its CEO he has this

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<v Speaker 2>effort undergoing to reinvigorate the company and that seems to

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<v Speaker 2>be gaining some momentum. So the company said adjusted earnings

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<v Speaker 2>will be seven dollars seventy five cents to eight dollars

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<v Speaker 2>a share this year, and that includes some of the

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<v Speaker 2>expected impacts from tariffs, and that was up from a

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<v Speaker 2>prior range that topped out at seven dollars and ninety cents,

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<v Speaker 2>and analysts had been expecting seven dollars and seventy cents,

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<v Speaker 2>so much better than expected results.

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<v Speaker 1>The Stockmovers podcast from Bloomberg Radio. Check back with us

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