1 00:00:00,040 --> 00:00:02,080 Speaker 1: Let's take a look right now. Some of those stocks 2 00:00:02,080 --> 00:00:05,480 Speaker 1: on the move today. It's our movers are stock movers. 3 00:00:06,000 --> 00:00:09,319 Speaker 1: I'm Tim Keen with Paul Sweeni enjoining us, just back 4 00:00:09,320 --> 00:00:12,240 Speaker 1: from Lululemon. BLOOMBERGS Lisa Manteo, Lisa, what do you have 5 00:00:12,440 --> 00:00:12,640 Speaker 1: you know? 6 00:00:12,800 --> 00:00:14,840 Speaker 2: Since you mentioned it, We'll start with retail. Okay, this 7 00:00:14,960 --> 00:00:18,120 Speaker 2: is like an upbeat sign because other retailers, we've heard 8 00:00:18,160 --> 00:00:20,599 Speaker 2: it be imponing to economic uncertainty. But then you have 9 00:00:21,160 --> 00:00:23,800 Speaker 2: Urban Outfitters. Their shares have been up as much as 10 00:00:23,920 --> 00:00:27,160 Speaker 2: nineteen percent what they reported with double digit sales growth 11 00:00:27,200 --> 00:00:30,280 Speaker 2: in the first quarter. What are analysts saying? They're noting 12 00:00:30,360 --> 00:00:33,920 Speaker 2: the strength in the namesake Urban Outfitters brand, but it 13 00:00:34,000 --> 00:00:38,800 Speaker 2: also owns brands like Anthropology, Free People. Analysts also positive 14 00:00:38,800 --> 00:00:43,080 Speaker 2: about their margin expansion. Bloomberg Intelligence, though, does say the 15 00:00:43,120 --> 00:00:46,360 Speaker 2: one setback is that Free People brand. It's a comparable 16 00:00:46,400 --> 00:00:48,520 Speaker 2: sales growth, it's a little bit below estimates, but all 17 00:00:48,560 --> 00:00:52,080 Speaker 2: other categories were up. The CEO what does the CEO say? 18 00:00:52,159 --> 00:00:52,279 Speaker 1: Right? 19 00:00:52,280 --> 00:00:54,120 Speaker 2: That's what people want to know. They say they're customers, 20 00:00:54,200 --> 00:00:57,160 Speaker 2: they're resilient, they continue to shop. There's no signs of 21 00:00:57,200 --> 00:00:58,360 Speaker 2: a slowdown, stop the. 22 00:00:58,360 --> 00:01:01,760 Speaker 1: Show stop stock movers right now, Paul, you said it best. 23 00:01:01,960 --> 00:01:03,280 Speaker 2: The restaurants are packed. 24 00:01:03,560 --> 00:01:07,480 Speaker 1: Yeah, I mean, and you're taking retails like, okay, that's 25 00:01:07,520 --> 00:01:09,080 Speaker 1: what they're seeing a retail animalsts. I think it's as 26 00:01:09,120 --> 00:01:11,160 Speaker 1: hard as being a biotech analysts. I have no idea 27 00:01:11,160 --> 00:01:13,000 Speaker 1: how they do it. And for retail you have to 28 00:01:13,080 --> 00:01:16,520 Speaker 1: judge fashion, like what's going to How do you do that? 29 00:01:16,640 --> 00:01:18,800 Speaker 1: I don't know. I mean it's not just pe ratio 30 00:01:18,840 --> 00:01:20,679 Speaker 1: and earnings and stuff. You got it, like, oh, I 31 00:01:20,680 --> 00:01:22,640 Speaker 1: think this is going to sell this season. 32 00:01:22,680 --> 00:01:25,440 Speaker 2: And then it's price too, because the CEO CO always 33 00:01:25,440 --> 00:01:26,800 Speaker 2: said that they're raising the prices. 34 00:01:26,959 --> 00:01:28,479 Speaker 1: She has some of the field for what people want. 35 00:01:28,480 --> 00:01:31,520 Speaker 2: I just got an email from uh Rockton here and 36 00:01:31,600 --> 00:01:33,440 Speaker 2: he says, get back on stock movers. 37 00:01:33,480 --> 00:01:36,040 Speaker 1: Okay, chat not stock movers. 38 00:01:36,160 --> 00:01:39,160 Speaker 2: You got it. So AT and T. The big news 39 00:01:39,160 --> 00:01:41,000 Speaker 2: here is that had agreed to buy the consumer fiber 40 00:01:41,040 --> 00:01:44,920 Speaker 2: operations of Lumen Technologies. The price egg five point seventy 41 00:01:44,920 --> 00:01:48,280 Speaker 2: five billion dollars. So what that does It expands its 42 00:01:48,280 --> 00:01:52,120 Speaker 2: broadband services in cities like Denver in Las Vegas. So 43 00:01:52,200 --> 00:01:54,400 Speaker 2: you have shares of AT and T. They've been up slightly, 44 00:01:54,480 --> 00:01:57,320 Speaker 2: but Luhman really singing good boost from this. Their shares 45 00:01:57,840 --> 00:02:00,000 Speaker 2: have been up as much as ten percent, so we'll 46 00:02:00,040 --> 00:02:03,080 Speaker 2: see this could help them kind of expand the broadband service. 47 00:02:03,080 --> 00:02:07,000 Speaker 1: That also ten years total return six point per year. 48 00:02:07,680 --> 00:02:11,960 Speaker 1: JP Morgan Advising AT and T Morgan Stanley advising UH 49 00:02:12,200 --> 00:02:15,680 Speaker 1: Lumen Technology. So house of Morgan getting paid. There you go, 50 00:02:16,480 --> 00:02:20,600 Speaker 1: that's what I do the first to go and see 51 00:02:20,600 --> 00:02:22,760 Speaker 1: which one they make a lot of money on a 52 00:02:22,800 --> 00:02:25,600 Speaker 1: small transaction, especially on the sell side. Do you want 53 00:02:25,600 --> 00:02:27,160 Speaker 1: to represent the sell side? You get a big feel 54 00:02:27,160 --> 00:02:30,919 Speaker 1: on the cell side who's selling the lumen? You want 55 00:02:30,919 --> 00:02:31,080 Speaker 1: to get? 56 00:02:31,120 --> 00:02:31,960 Speaker 2: That side you want to get. 57 00:02:32,480 --> 00:02:34,480 Speaker 1: But if you're JP Morgan AT and T is a 58 00:02:34,480 --> 00:02:37,480 Speaker 1: house account for you, do they have interns doing this transaction? 59 00:02:37,639 --> 00:02:40,480 Speaker 1: Or like senior people. Senior people made the phone call 60 00:02:40,520 --> 00:02:42,160 Speaker 1: and they need to dump it down, dump it to 61 00:02:42,160 --> 00:02:43,960 Speaker 1: this down on people like me. And did you say 62 00:02:43,960 --> 00:02:46,320 Speaker 1: all weeks to seven days in a row? It absolutely 63 00:02:46,520 --> 00:02:47,720 Speaker 1: and pop tarts. 64 00:02:47,680 --> 00:02:50,040 Speaker 2: Rocked in just emails and he says, get back on style. 65 00:02:51,040 --> 00:02:55,400 Speaker 2: What's next? Okay, software company Snowflake there s there has 66 00:02:55,400 --> 00:03:00,239 Speaker 2: a been up about Snowflake, right, okay, so let me 67 00:03:00,320 --> 00:03:02,119 Speaker 2: let me break it down for you. Snowflake. They make 68 00:03:02,200 --> 00:03:05,600 Speaker 2: software to ingest analyze data from a variety of sources. 69 00:03:05,680 --> 00:03:08,960 Speaker 2: Who is their competition Other vendors like data Bricks not 70 00:03:09,000 --> 00:03:11,280 Speaker 2: sure if you've heard of them, but also cloud infrastructure 71 00:03:11,320 --> 00:03:15,200 Speaker 2: providers like Microsoft, Alphabets, Google. So that's who their competition is. 72 00:03:15,520 --> 00:03:17,880 Speaker 2: So it gave this strong outlook for sales it followed 73 00:03:17,880 --> 00:03:20,200 Speaker 2: the launch. It had a lot of big, huge lineup 74 00:03:20,200 --> 00:03:22,520 Speaker 2: of new products over the last year. If you want 75 00:03:22,520 --> 00:03:25,880 Speaker 2: the specifics. Product revenue expected to increase twenty five percent 76 00:03:25,919 --> 00:03:28,440 Speaker 2: to as much as one point zero four billion in 77 00:03:28,480 --> 00:03:31,360 Speaker 2: the quarter ending in July. It also raises full year 78 00:03:31,400 --> 00:03:33,919 Speaker 2: forecast private revenue's about four point three to three billion 79 00:03:33,960 --> 00:03:36,120 Speaker 2: from four point two to eight billions. Right, Paul helped 80 00:03:36,160 --> 00:03:41,920 Speaker 2: me here. Forty buys eleven holds on sell. I'm shocked. 81 00:03:42,320 --> 00:03:45,480 Speaker 2: Dan Ives of web Bush has an outperform. 82 00:03:46,080 --> 00:03:48,960 Speaker 1: I'm pretty much a top tick target of two thirty 83 00:03:49,880 --> 00:03:52,600 Speaker 1: ninety up to two thirty. It's still some room to move. Yeah, 84 00:03:52,640 --> 00:03:53,520 Speaker 1: he knows what he's doing. 85 00:03:53,840 --> 00:03:59,360 Speaker 2: What is SAFT fleet Technology Technology exactly? Software company? So, yes, 86 00:03:59,440 --> 00:04:03,240 Speaker 2: software you have, but their competition Microsoft, Alphabets, Google too, 87 00:04:03,320 --> 00:04:03,400 Speaker 2: So