1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock mover's report 3 00:00:13,760 --> 00:00:16,720 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:22,160 Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel. 5 00:00:22,239 --> 00:00:24,480 Speaker 3: All right, guys, let's go to some of the individual gainers, 6 00:00:24,520 --> 00:00:26,880 Speaker 3: if I may. We talked about crypto getting a bounce 7 00:00:27,440 --> 00:00:30,560 Speaker 3: back here in today's session. A couple of names benefiting 8 00:00:30,640 --> 00:00:33,040 Speaker 3: as a result. Coinbase actually your number two gainer in 9 00:00:33,080 --> 00:00:35,960 Speaker 3: the S and P five hundred, Nawstak one hundred, up 10 00:00:36,000 --> 00:00:38,680 Speaker 3: about fifteen percent here, so you saw gains. 11 00:00:39,000 --> 00:00:40,320 Speaker 4: This had to do with President Trump. 12 00:00:40,360 --> 00:00:44,560 Speaker 3: There were some reports from Politico that the President met 13 00:00:45,120 --> 00:00:49,720 Speaker 3: privately yesterday with Coinbase CEO Brian Armstrong, setting two people 14 00:00:49,880 --> 00:00:52,800 Speaker 3: with knowledge meeting coming ahead of a post that we 15 00:00:52,840 --> 00:00:56,600 Speaker 3: got from the President late yesterday pushing for passage of 16 00:00:56,640 --> 00:00:59,560 Speaker 3: that market structure bill when it comes when we were 17 00:00:59,560 --> 00:01:03,200 Speaker 3: talking about crypto market unclear what was discussed at the meeting, 18 00:01:03,720 --> 00:01:07,320 Speaker 3: but we also had the President Trump posting about the 19 00:01:07,360 --> 00:01:10,839 Speaker 3: powerful crypto agenda, and he talked he kind of criticized 20 00:01:10,880 --> 00:01:14,840 Speaker 3: banks about undermining and jeopardizing that powerful crypto agenda, and 21 00:01:14,880 --> 00:01:17,240 Speaker 3: he went on and on on social But nonetheless, you 22 00:01:17,280 --> 00:01:20,200 Speaker 3: did have many names in the crypto area. Coinbase app 23 00:01:20,240 --> 00:01:24,119 Speaker 3: fourteen percent, you had a strategy up about ten percent, 24 00:01:24,200 --> 00:01:26,240 Speaker 3: and you had Circle Remain up about five and a 25 00:01:26,240 --> 00:01:26,640 Speaker 3: half percent. 26 00:01:26,640 --> 00:01:27,240 Speaker 4: I know we have somewhere. 27 00:01:27,319 --> 00:01:29,959 Speaker 1: I'm just going to interrupt here. Software company Octa. This 28 00:01:30,000 --> 00:01:33,559 Speaker 1: is mostly about identification management software. The shares oscillating between 29 00:01:33,600 --> 00:01:36,040 Speaker 1: gains and losses. The company for the most recent quarter 30 00:01:36,480 --> 00:01:39,600 Speaker 1: did a post adjusted EPs of about ninety cents a share. 31 00:01:39,720 --> 00:01:41,679 Speaker 1: That's about five cents more than what the street was 32 00:01:41,840 --> 00:01:44,600 Speaker 1: looking for. Revenue jumped by about twelve percent to seven 33 00:01:44,720 --> 00:01:46,920 Speaker 1: hundred and sixty one million. That's also a beat The 34 00:01:46,920 --> 00:01:49,680 Speaker 1: street was looking on average for roughly about seven hundred 35 00:01:49,720 --> 00:01:51,880 Speaker 1: and fifty Here's your guidance for the full year twenty 36 00:01:51,920 --> 00:01:54,520 Speaker 1: twenty seven. The fiscal twenty twenty seven revenue in a 37 00:01:54,640 --> 00:01:57,440 Speaker 1: range of three point one seven to three point one nine. 38 00:01:57,560 --> 00:01:59,440 Speaker 1: The low end of that range is the average of 39 00:01:59,520 --> 00:02:03,720 Speaker 1: streets stuments. EPs adjusted three seventy three dollars and seventy 40 00:02:03,720 --> 00:02:06,440 Speaker 1: four cents to three eighty two is the guidance they're giving. 41 00:02:06,600 --> 00:02:10,320 Speaker 1: The street on average was looking for three point six six. 42 00:02:10,600 --> 00:02:12,519 Speaker 3: All right, cool, we'll continue to watch that one in 43 00:02:12,560 --> 00:02:14,840 Speaker 3: the aftermarket right now, down almost about two and a 44 00:02:14,880 --> 00:02:16,680 Speaker 3: half percent octa, So we'll keep an eye on that 45 00:02:16,720 --> 00:02:19,120 Speaker 3: one for you. Back to I ment to the crypto 46 00:02:19,120 --> 00:02:22,600 Speaker 3: space that was certainly gaining in today's session. Maderna number 47 00:02:22,600 --> 00:02:24,280 Speaker 3: one gainer in the S and P five hundred, a 48 00:02:24,280 --> 00:02:26,320 Speaker 3: gain of about sixteen percent. 49 00:02:26,400 --> 00:02:26,560 Speaker 5: Here. 50 00:02:26,600 --> 00:02:28,440 Speaker 4: This is after the company agreed to pay. 51 00:02:28,680 --> 00:02:33,400 Speaker 3: Genovent it's a subsidiary of Royvent Sciences and Arbitus nine 52 00:02:33,480 --> 00:02:36,840 Speaker 3: hundred and fifty million dollars basically to settle litigation related 53 00:02:36,840 --> 00:02:39,520 Speaker 3: to the delivery technology behind its COVID shop that at 54 00:02:39,560 --> 00:02:43,720 Speaker 3: issue essentially claims that Maderna had infringed on patents owned 55 00:02:43,720 --> 00:02:48,400 Speaker 3: by these two companies, and so nonetheless, basically bottom line, 56 00:02:48,440 --> 00:02:51,840 Speaker 3: the settlement really getting rid of a major financial litigation 57 00:02:52,000 --> 00:02:53,000 Speaker 3: risk for Maderna. 58 00:02:53,120 --> 00:02:55,320 Speaker 4: So we did see investors moving back into that one. 59 00:02:55,440 --> 00:02:55,800 Speaker 6: The stock. 60 00:02:55,840 --> 00:02:57,600 Speaker 3: I don't know if you guys noticed we talked about 61 00:02:57,600 --> 00:03:00,200 Speaker 3: this earlier with the Avalon pernel. It's up a about 62 00:03:00,200 --> 00:03:02,519 Speaker 3: one hundred percent year to date, still nineteen percent of 63 00:03:02,560 --> 00:03:04,360 Speaker 3: the float short, but it's definitely had. 64 00:03:04,520 --> 00:03:07,480 Speaker 4: Quite a bounce back. Still way off from its post 65 00:03:07,480 --> 00:03:08,240 Speaker 4: COVID levels. 66 00:03:08,560 --> 00:03:10,600 Speaker 3: And then I just want to mention Ross Stores this 67 00:03:10,639 --> 00:03:13,560 Speaker 3: one too, rallying about eight percent in today's session. This 68 00:03:13,639 --> 00:03:17,560 Speaker 3: after the company off price apparel and home accessories retailer 69 00:03:17,840 --> 00:03:21,359 Speaker 3: reported comp sales growth for the fourth quart of nine percent, 70 00:03:21,440 --> 00:03:24,520 Speaker 3: so that easily beat the consensus growth estimate of just 71 00:03:24,600 --> 00:03:27,960 Speaker 3: under five percent. So we did see some upbeat Telsey 72 00:03:28,000 --> 00:03:31,720 Speaker 3: Analystina Telsey upgrading the stock to outperform from market perform 73 00:03:31,760 --> 00:03:33,640 Speaker 3: and raise the price target to two forty from two 74 00:03:33,639 --> 00:03:36,640 Speaker 3: to twenty stack closing it to thirteen and change in 75 00:03:36,680 --> 00:03:37,600 Speaker 3: the Wednesday trade. 76 00:03:37,640 --> 00:03:40,080 Speaker 5: Tim All right, let's go to some of the decliners 77 00:03:40,120 --> 00:03:42,600 Speaker 5: on the day today. I want to start with the 78 00:03:42,600 --> 00:03:47,160 Speaker 5: Mosaic Company, down two point nine percent. This was a 79 00:03:47,240 --> 00:03:50,440 Speaker 5: late mover after we learned the Justice Department's investigating several 80 00:03:50,520 --> 00:03:54,200 Speaker 5: leading producers of commercial fertilizers, Mosaic among them, for possible 81 00:03:54,240 --> 00:03:59,160 Speaker 5: civil and criminal antitrust violations. The brobe examining companies pricing 82 00:03:59,200 --> 00:04:01,720 Speaker 5: practices and the mistigations in the early stages, and being 83 00:04:01,760 --> 00:04:05,240 Speaker 5: run out of the doj ANTI Trust Division's Chicago office. 84 00:04:05,280 --> 00:04:08,520 Speaker 5: Mosaic down by two point nine percent. Brown Foreman among 85 00:04:08,520 --> 00:04:10,640 Speaker 5: the worst performers in the S and P five hundred 86 00:04:10,680 --> 00:04:13,880 Speaker 5: day on a percentage basis, down close to seven percent. 87 00:04:14,040 --> 00:04:16,080 Speaker 5: You know what they make Romain, Yes, I do. 88 00:04:16,160 --> 00:04:17,600 Speaker 1: I'm a fine customer of. 89 00:04:17,520 --> 00:04:21,480 Speaker 5: Theirs, the Hera Dura Tequila or the Jack Daniels. 90 00:04:21,520 --> 00:04:23,240 Speaker 1: I don't know what that first one you said there, 91 00:04:23,440 --> 00:04:24,320 Speaker 1: I love you accent. 92 00:04:24,360 --> 00:04:24,760 Speaker 2: Good job. 93 00:04:24,839 --> 00:04:25,159 Speaker 6: Okay. 94 00:04:26,200 --> 00:04:31,359 Speaker 5: The company actually reported quarterly results. That's their past estimates. 95 00:04:31,360 --> 00:04:35,680 Speaker 5: The problem, though, was the executives who flagged stubborn weakness 96 00:04:35,680 --> 00:04:38,960 Speaker 5: in the US spirits market. The company's conference call CEO 97 00:04:39,120 --> 00:04:42,240 Speaker 5: said that while performance has improved in the US quote, 98 00:04:42,279 --> 00:04:44,120 Speaker 5: it's still not great. I do not want to declare 99 00:04:44,120 --> 00:04:45,920 Speaker 5: that it's bottomed out, but over the last couple of months, 100 00:04:45,960 --> 00:04:49,160 Speaker 5: the numbers have improved. This is according to Laws and Whiting, 101 00:04:49,360 --> 00:04:53,159 Speaker 5: the company's CEO. Okay, do you have time for a 102 00:04:53,160 --> 00:04:53,760 Speaker 5: couple more guys? 103 00:04:54,800 --> 00:04:55,440 Speaker 6: Don't Eagle? 104 00:04:55,560 --> 00:04:55,800 Speaker 2: Really? 105 00:04:55,880 --> 00:04:56,200 Speaker 1: All right? 106 00:04:56,279 --> 00:04:58,279 Speaker 5: Go ahead, breaking, go ahead with the break. 107 00:04:58,360 --> 00:05:00,680 Speaker 6: When it comes to the earnings front, fourth quarter net 108 00:05:00,680 --> 00:05:04,280 Speaker 6: revenue actually beating estimates. When it comes to American Eagle, 109 00:05:04,440 --> 00:05:07,359 Speaker 6: that's number coming in for net revenue at one point 110 00:05:07,360 --> 00:05:10,480 Speaker 6: sixty seven billion dollars for the fourth quarter. The estimate 111 00:05:10,520 --> 00:05:13,000 Speaker 6: had been for one point seven four billion dollars, so 112 00:05:13,080 --> 00:05:15,480 Speaker 6: a slight beat there. Meanwhile, you take a look at 113 00:05:15,520 --> 00:05:19,000 Speaker 6: some of the expectations. They see first quarter operating income 114 00:05:19,440 --> 00:05:22,600 Speaker 6: between twenty million dollars to twenty five million dollars. The 115 00:05:22,800 --> 00:05:26,360 Speaker 6: estimate had been for fifteen million dollars. Here, looking for 116 00:05:26,400 --> 00:05:29,920 Speaker 6: some more numbers, but twenty twenty seven, twenty twenty seven 117 00:05:30,000 --> 00:05:32,760 Speaker 6: capex seen between two hundred and fifty million to two 118 00:05:32,839 --> 00:05:35,600 Speaker 6: hundred and sixty million dollars. The estimate had been actually 119 00:05:35,640 --> 00:05:39,160 Speaker 6: for more than four hundred million dollars, so below expectations. 120 00:05:39,160 --> 00:05:39,240 Speaker 3: There. 121 00:05:39,400 --> 00:05:42,160 Speaker 6: You can see the stock higher by about seven points 122 00:05:42,200 --> 00:05:46,520 Speaker 6: six percent, so clearly traders cheering this in the after hours, 123 00:05:46,520 --> 00:05:50,200 Speaker 6: though this stock down more than fifteen percent year today 124 00:05:50,240 --> 00:05:51,080 Speaker 6: through today's close. 125 00:05:51,120 --> 00:05:53,680 Speaker 3: All right, what really goes well with that tequila that 126 00:05:53,960 --> 00:05:59,000 Speaker 3: Tim pronounced so eloquently. It's some cracker barrel, and that 127 00:05:59,040 --> 00:06:01,680 Speaker 3: stock is definitely right in the aftermarket, up about five 128 00:06:01,680 --> 00:06:02,359 Speaker 3: point two percent. 129 00:06:02,360 --> 00:06:04,080 Speaker 4: It's been on a tear. It's up about twenty percent 130 00:06:04,120 --> 00:06:05,360 Speaker 4: so far in twenty twenty six. 131 00:06:05,880 --> 00:06:08,200 Speaker 3: Let's go to it. Second quarter just at EPs twenty 132 00:06:08,200 --> 00:06:12,400 Speaker 3: five cents a year. That compares with an expected and 133 00:06:13,080 --> 00:06:15,440 Speaker 3: estimated loss of twenty seven cents a year, so we'll 134 00:06:15,440 --> 00:06:17,960 Speaker 3: make sure that that number is on the That seems 135 00:06:17,960 --> 00:06:20,720 Speaker 3: like quite a turnaround company. Also talking about the fiscal year, 136 00:06:20,920 --> 00:06:23,239 Speaker 3: justed even a eighty five million to one hundred million. 137 00:06:23,240 --> 00:06:26,000 Speaker 3: It had seen seventy two one hundred and ten million, 138 00:06:26,040 --> 00:06:29,400 Speaker 3: So bringing that one in a little bit. Second quarter 139 00:06:29,480 --> 00:06:32,240 Speaker 3: revenue eight hundred and seventy four point eight million, folks, 140 00:06:32,320 --> 00:06:34,839 Speaker 3: that is a beat eight hundred and sixty eight point 141 00:06:34,920 --> 00:06:38,600 Speaker 3: nine billion, And again an outlook for revenue for fiscal year. 142 00:06:39,480 --> 00:06:40,599 Speaker 4: For the fiscal year. 143 00:06:40,480 --> 00:06:43,480 Speaker 3: Three point twenty four billion to three point twenty seven billion, 144 00:06:43,520 --> 00:06:47,160 Speaker 3: had seen three point two to three point three So nonetheless, 145 00:06:47,160 --> 00:06:50,920 Speaker 3: investors like it. It's up about six percent. So again, maybe 146 00:06:50,920 --> 00:06:52,120 Speaker 3: with that tequila it might go. 147 00:06:52,200 --> 00:06:55,240 Speaker 6: Bow all right, cracker barrel margarita. I could get behind that. 148 00:06:55,720 --> 00:06:57,000 Speaker 6: Really yeah, why not? 149 00:06:57,240 --> 00:07:00,760 Speaker 4: I guess so margarita is a margarita. Yes, now a tequila. 150 00:07:00,839 --> 00:07:03,200 Speaker 2: Aren't you a snob? Wait? 151 00:07:05,000 --> 00:07:07,440 Speaker 4: Come on, you know you know it's true. 152 00:07:08,200 --> 00:07:12,400 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 153 00:07:12,480 --> 00:07:15,280 Speaker 2: throughout the day for the latest roundup of companies making 154 00:07:15,360 --> 00:07:18,960 Speaker 2: news on Wall Street and for the latest market moving headlines. 155 00:07:19,160 --> 00:07:23,160 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 156 00:07:23,240 --> 00:07:26,280 Speaker 2: dot com, and on Applecarplay and Android Auto with the 157 00:07:26,320 --> 00:07:27,679 Speaker 2: Bloomberg Business app.