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Speaker 1: Bloomberg Audio Studios podcasts, radio News.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Carol Masser along with Tim Stenovich. Let's take a

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Speaker 3: look at some stocks on the move today. Joining us

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Speaker 3: right now is just Matt and Bloomberg News Deputy team

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Speaker 3: leader for US equities stocks you're watching. A lot of

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Speaker 3: it had to do with those earnings after the closes on.

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Speaker 4: The back of Nvidia's report after the bell yesterday, so

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Speaker 4: I wanted to highlight Dell. The ticker symbol is d

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Speaker 4: Ell here, and so looking at that and after hours

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Speaker 4: trading up about four percent. So this is a big

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Speaker 4: move because it is a leading provider of computers and

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Speaker 4: servers for AI and it actually that stock had soared

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Speaker 4: nearly sixty percent through today's close since it's low's in

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Speaker 4: early April, so it had been on a tear after

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Speaker 4: stumbling earlier this year too. So when you're looking at

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Speaker 4: that stock important because it still is off actually about

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Speaker 4: thirty six to thirty seven percent from its most recent

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Speaker 4: high back actually a year ago. It was last May.

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Speaker 4: So if you're looking at this of course, Actually a

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Speaker 4: lot of it has to do is that animalsts. We're

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Speaker 4: anticipating that some of its guidance would potentially come in

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Speaker 4: weak here, but some of those numbers not surprisingly came

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Speaker 4: in better than expected. So it's annual profit outlook toped

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Speaker 4: estimates on that server demand. So that's why you're seeing

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Speaker 4: some of that actually rising there too. And then especially

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Speaker 4: on the back of what we're expecting with the AI story,

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Speaker 4: and then in video as well. Of course, every report

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Speaker 4: when it comes to in videos a blockbuster report, but

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Speaker 4: specifically to Dell core Weave, it's actually a cloud computing

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Speaker 4: company that we've covered very closely when it comes to

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Speaker 4: the most recent IPOs here as well as Elon Musk's XAI.

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Speaker 4: Those are both customers of Dell's hardware for their AI

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Speaker 4: infrastructure build out. So the potential here that this is

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Speaker 4: better than expected actually really helps those customers. And especially

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Speaker 4: when you're thinking about in video with the top four customers,

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Speaker 4: whether it's Amazon, Alphabet as well as Microsoft, so some

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Speaker 4: of these customers tied to AI, and especially when it

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Speaker 4: comes to those providers like Dell, it's still doing better

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Speaker 4: than expected here in the back of that concern about

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Speaker 4: AI spending slowing down.

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Speaker 1: Okay, that's Dell. What about Costco?

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Speaker 4: So coost not surprisingly the taker symbol on this, so

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Speaker 4: that one day implied move was expected to be actually

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Speaker 4: around nine percent if you're looking at this stock to

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Speaker 4: it's actually flat only up about three tens of a

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Speaker 4: percent if you're looking at this now. And then also

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Speaker 4: its stock is off more than thirty five percent off

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Speaker 4: of its all time high last touch also not too

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Speaker 4: long ago as well. But also if you're looking at this,

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Speaker 4: it's important because the retailer generated earnings per share about

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Speaker 4: four dollars and twenty eight cents. That's above Wall Street

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Speaker 4: analysts expectations. But it also suggests that Costco is growing

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Speaker 4: its business even more here and then it has if

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Speaker 4: you're thinking about Costco relative to some of its competitors,

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Speaker 4: because it does have in some ways it has been

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Speaker 4: a little bit more immune to some economic volatilities because

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Speaker 4: the customers pay a fee to shop. Add it had

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Speaker 4: more than eight hundred stores, so the ski is a

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Speaker 4: little bit more affluent than some of its competitors here.

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Speaker 4: But that actually fared better than expected. So, especially in

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Speaker 4: the wake of when you're thinking about target Oswald's, Procter

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Speaker 4: and Gamble Craft Heeign some of those consumer package good companies,

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Speaker 4: those have been the ones, and it's particularly Walmart, but

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Speaker 4: the consumer package good companies when you're thinking about and

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Speaker 4: Jen partash Is at Bloomberg Intelligence has talked a lot

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Speaker 4: about this, especially over the last six months, when you're

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Speaker 4: thinking about those promotions if you're at the grocery store

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Speaker 4: trying to figure out, you know, buy one, get one

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Speaker 4: fifty percent off. Because of those issues they've been dealing

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Speaker 4: with volumes, especially in the aftermath of coming out of

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Speaker 4: COVID and dealing with those inventories. That's something that you're

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Speaker 4: starting to see still be more of an issue for

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Speaker 4: consumer package good companies, and not as much so when

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Speaker 4: you're thinking about some of those big box retails.

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Speaker 3: You know, just looking at some of the right Through

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Speaker 3: and Costco, about a third of their US sales come

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Speaker 3: from goods important from other countries, and so the company

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Speaker 3: has been diversifying its sourcing execs in recent months, noting

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Speaker 3: that they're working to minimize the impact of levies and consumers.

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Speaker 3: You just talked about some of this.

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Speaker 1: I'm trying to think of what I like, what I

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Speaker 1: get at Costco a countrym.

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Speaker 3: Another time, mister Kirkland, do you have a Costco membership?

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Speaker 1: I do have a Costco membership.

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Speaker 3: Yeah.

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Speaker 1: We actually live really close to a Costco. Do you

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Speaker 1: really yes, but here's the Costco near me. It is

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Speaker 1: too crowded to actually step foot into on a weekend.

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Speaker 3: Believe they have an online They do, they do.

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Speaker 1: The problem is that it's very expensive, Like it still

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Speaker 1: ends up being cheaper than you know when you're buying

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Speaker 1: in bulk, but it's like the prices don't even compare

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Speaker 1: to when you go and get it yourself.

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Speaker 3: So they charge you more for the online.

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Speaker 1: I don't think it's them specifically. I think it's Instacart

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Speaker 1: or whoever it is. Oh I got up charge.

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Speaker 3: Yeah, so they don't have an online.

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Speaker 1: They do, but they partner with Instacart.

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Speaker 3: Oh okay, yeah, all right, Sorry we digress.

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Speaker 1: So we do we do Costco like I'd say, we

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Speaker 1: do it. We have a membership, but we do it

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Speaker 1: every like six months and we do a huge order.

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Speaker 2: Yeah.

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Speaker 3: I mean, I was thinking about Lisa Mateo on surveillance

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Speaker 3: every morning, and if there's a Costco story or she

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Speaker 3: talks about heading into the weekend like it's going to

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Speaker 3: be a two cart again.

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Speaker 4: It's right, like really kind of stiffer kids too.

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Speaker 1: You gues should go to New Jersey to do. I'm

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Speaker 1: telling you the Brooklyn Costco it is like way too crowded.

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Speaker 3: That's what you should probably do. I mean, there's not

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Speaker 3: one near me. Don't look for me to go shop.

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Speaker 1: I was gonna say, hey, Master Costco, what about a

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Speaker 1: Red Robin gourmet burger? Because shares are surging.

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Speaker 4: Now, this is a company's market cap is less than

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Speaker 4: one billion, but wanted to fifty.

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Speaker 1: Five million dollar market cap company. It's way less than

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Speaker 1: a billion. It's less than fifty six million.

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Speaker 4: Don't we call.

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Speaker 3: That a micro cape right?

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Speaker 4: Actually, it definitely is a microcap type of stock. I'm

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Speaker 4: pointing it out because after I was trading are our

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Speaker 4: GB's the taker symbol up about fifty six percent in

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Speaker 4: after hours trading here, So there's a big move of course,

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Speaker 4: even though it has a smaller market cap, So those

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Speaker 4: adjusted earnings swung to a profit and revenue did rise

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Speaker 4: as well.

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Speaker 3: Isn't up fifty five percent in the after mark?

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Speaker 4: That's why I wanted to bring that one up.

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Speaker 3: Said, it's a three dollars stock right, So it doesn't dollars.

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Speaker 1: This company's in the midst of a turnarout. I mean

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Speaker 1: the company's CEO, David Pace, He's only been there for

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Speaker 1: a month at this point. He said, we're pleased with

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Speaker 1: our strong start to the year, as we delivered increases

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Speaker 1: in both sales and profits during the first quarter. He

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Speaker 1: also said, though nevertheless, we are far from claiming victory.

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Speaker 1: There's still more work to be done as we continue

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Speaker 1: the comeback journey of this beloved brand and capture the

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Speaker 1: significant opportunity in front of us.

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Speaker 4: That's right, It's last all time high was touched in

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Speaker 4: August of twenty fifteen. It looks like here looking at

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Speaker 4: that ex straw down function in the terminal. So it's

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Speaker 4: a doubt about almost one hundred percent since that last

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Speaker 4: all time high. So to Carol's points, is stock just

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Speaker 4: trading above three dollars.

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Speaker 3: I had their towering onion rings going back a few years,

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Speaker 3: like when my daughter was younger. It was a good

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Speaker 3: place to take like a kid and probably towering onion

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Speaker 3: rings with perhaps a little cocktail, some kind of fun

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Speaker 3: drink off the menu.

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Speaker 4: You know, I've never been to one, but now I

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Speaker 4: kind of want to go after Carol Master was just.

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Speaker 1: Are you sure you're talking about a red robin.

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Speaker 3: Yeah, Okay, I know You're like, it's just the woman

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Speaker 3: who had Yeah's cargo.

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Speaker 1: Yeah, That's what I'm wondering.

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Speaker 3: I am a diversified kind of gal. I'm just gonna say,

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Speaker 3: you know, sometimes you gotta have a terring onion. I'm

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Speaker 3: or a blumin onion. Have you ever read a bloomin onion?

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Speaker 1: I think yeah, I think inege we had a Bloomin onion.

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Speaker 3: I'm I've backed off of fried stuff. That's what I'm

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Speaker 3: gonna say.

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Speaker 1: Are you still doing French fries?

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Speaker 3: And I am? I feel like we'll be in an

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Speaker 3: airport and like Tim is always hungry. She's like, ah

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Speaker 3: see at the green because he's like running for food

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Speaker 3: and he's such a sweet guy. He's like, hey, you

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Speaker 3: want some fries.

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Speaker 1: I always get her from buy me fries because I

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Speaker 1: love it to Carol Masser.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: with the Bloomberg Business app. Mm hmm