Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifeler.
Speaker 1: Let's get to some of the gainers in today's session again,
Speaker 1: all eyes on in video worth checking in on how
Speaker 1: that stock did today up one point three percent. Remember
Speaker 1: we are kind of just a couple of weeks ago
Speaker 1: watching six trillion as the market cap for this company
Speaker 1: up now up this year just about twenty percent going
Speaker 1: into today's print, the market value of about five point
Speaker 1: four trillion dollars. As far as numbers go, revenue estimate
Speaker 1: for the first quarter seventy nine point one five billion dollars.
Speaker 1: The revenue estimate for the second quarter analysts ce eighty
Speaker 1: seven point two billion dollars. In for the year see
Speaker 1: three hundred and seventy point eight billion dollars. So some
Speaker 1: of the numbers to keep in mind ahead of that print.
Speaker 1: Adjusted grow margin estimate to the tune of seventy five
Speaker 1: percent for the second quarter, and adjusted operating expense estimate
Speaker 1: seven point six seven billion dollars just a few numbers
Speaker 1: ahead of that print in just about seventeen minutes. Also
Speaker 1: questions I think a lot of consumers and a lot
Speaker 1: of analysts and investors have when it comes to competition,
Speaker 1: especially with tune of Broadcom, AMD, Google and more so,
Speaker 1: keep an ear out on the call for any questions
Speaker 1: about that. And speaking of AI, let's talk a little
Speaker 1: bit about some power utility stocks moving in today's session
Speaker 1: to the upside. Utility stocks climbing after PGM Interconnection accelerated
Speaker 1: plans to pair data centers with energy producers to feed
Speaker 1: the demands of AI development. You've got Constellation Hier today
Speaker 1: by seven point nine percent. You've got Vistra Corp up
Speaker 1: by six point nine percent. The PGM changes are now
Speaker 1: expected out power producers secure additional data center contracts and
Speaker 1: reduce the risk of prolonged uncertainty heading into twenty twenty seven.
Speaker 1: And a little retail on this Wednesday afternoon. Tjx Co's,
Speaker 1: the parent company of TJ Max and Marshall's hier in
Speaker 1: today's session by five point seven percent. The company raised
Speaker 1: as sales growth expectations for the year. Caut shoppers are
Speaker 1: spending on lower priced goods at the company's discount chains.
Speaker 3: Emily a little retail, maybe a lot of retail, because
Speaker 3: I also have a retail stock for my first decliner target.
Speaker 3: Share is falling about four percent today. The company's earnings
Speaker 3: results honestly not that bad. However, the retailer did warn
Speaker 3: investors after striking a more cautious tone about the coming months.
Speaker 3: So comp sales jumped five point six percent last quarter.
Speaker 3: It was the biggest increase since the end of twenty
Speaker 3: twenty one, and actually triple the gain analysts we're expecting. However,
Speaker 3: executives warned on the earnings call that there are tougher
Speaker 3: comps in the current quarter, more cost challenges ahead, and
Speaker 3: the benefit of tax refunds on its business are also fadings.
Speaker 3: Dot stock down again, closing about four percent lower. Another
Speaker 3: decliner on this Wednesday has broke the guideans disappointing in
Speaker 3: this earning result coming out today that stock down about
Speaker 3: eight percent. The company maintained a sales forecast for the
Speaker 3: year that was on the low end of what analysts expected.
Speaker 3: The toymaker home to Gi Joe action figures and the
Speaker 3: playing cards Magic the Gathering. I don't play either of
Speaker 3: these games. I'm not sure if you do, Tim. They
Speaker 3: reported that sales in the first Yeah, I feel like Roman's.
Speaker 1: A big oh yaig yeah, Okay, got it.
Speaker 3: They reported sales in the first quarter rose thirteen percent
Speaker 3: to one billion. Revenue for the company's games unit rose
Speaker 3: twenty six percent, but was flat in traditional toys and
Speaker 3: declined in its entertainment business. Finally, one chip stock. Of
Speaker 3: course we're all watching in video, but there was one
Speaker 3: chip stock that already reported analog devices. They actually reported
Speaker 3: second quarter results that beat expectations and give an outlook
Speaker 3: that some actually saw as strong. But we are seeing
Speaker 3: that stock lower by about four percent. It was up
Speaker 3: about fifty percent year to date heading into the earnings report,
Speaker 3: so it could have been a little case of the
Speaker 3: bar just being very high.
Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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